Share Transfers Agreed/Cooling off period

**Dashing Bob S** · 17-07-2013 05:26 PM

At least Hearts fans are fighting all the way. Several Hearts-minded musicians are putting on a big concert at the weekend, with all proceeds going to the FOH, in order to help them beef up their bid.

So get yourself down to the Liquidation Rooms and support this bold initiative.

***Heisenberg*** · 17-07-2013 05:30 PM

Was looking forward to a laughable Jambo struggle throughout the season...if this latest news is true then it'll still provide much entertainment :jmcp:

**Beefster** · 17-07-2013 05:36 PM

Originally Posted by AlbertK86

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An MP who either has poor grammatical skills or doesn't check what his lackey has done ... Commas before and is a no no !!

Shows him up for the clown he is !!

But hey ho he supports that mob so what else can we expect ... A cross between Harry Enfield Tory boy and Alan ******* !

Ian Murray is indeed a clown but you're wrong about a comma before an 'and'.

http://en.wikipedia.org/wiki/Serial_comma

**kdhibees1** · 17-07-2013 05:38 PM

Originally Posted by Dashing Bob S

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At least Hearts fans are fighting all the way. Several Hearts-minded musicians are putting on a big concert at the weekend, with all proceeds going to the FOH, in order to help them beef up their bid.

So get yourself down to the Liquidation Rooms and support this bold initiative.

Class!

***jeffers*** · 17-07-2013 05:43 PM

Anyone who thinks they will be liquidated is deluded. You clearly haven't read Wee Fordy's comments on the Massone article in the Scotsman:

"We are now on the way towards 6,000 direct debits. This is no longer a bid, it's a movement.

It's the biggest supporter led movement in the history of Scottish football."

Oh ma sides

***Disc O'Dave*** · 17-07-2013 05:45 PM

Originally Posted by jeffers

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Anyone who thinks they will be liquidated is deluded. You clearly haven't read Wee Fordy's comments on the Massone article in the Scotsman:

"We are now on the way towards 6,000 direct debits. This is no longer a bid, it's a movement.

It's the biggest supporter led movement in the history of Scottish football."

Oh ma sides

They're a "movement" alright.....

**HIBERNIAN-0762** · 17-07-2013 05:47 PM

According to the ultimate muppet tristian shoot over on The Scotsman forum it's 3-0 for the jts on derby day..

Wonder what our score will be against Morton that day??

**SaulGoodman** · 17-07-2013 05:49 PM

Originally Posted by jeffers

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Anyone who thinks they will be liquidated is deluded. You clearly haven't read Wee Fordy's comments on the Massone article in the Scotsman:

"We are now on the way towards 6,000 direct debits. This is no longer a bid, it's a movement.

It's the biggest supporter led movement in the history of Scottish football."

Oh ma sides

The only movement going on with the Yams just now is in their pants.

***grunt*** · 17-07-2013 05:51 PM

Originally Posted by Sergey

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And what I've been told is that Hearts can't simply be sold to the highest bidder (or any bidder for that fact) - Lithuanian law means that switching to new owners is currently impossible.

So does this mean that they also can't sell the assets?
Are you saying that because of events in Lithuania they can neither sell the club or the assets?

**~~Saorsa~~** · 17-07-2013 05:51 PM

Originally Posted by jeffers

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Anyone who thinks they will be liquidated is deluded. You clearly haven't read Wee Fordy's comments on the Massone article in the Scotsman:

"We are now on the way towards 6,000 direct debits. This is no longer a bid, it's a movement.

It's the biggest supporter led movement in the history of Scottish football."

Oh ma sides

of brown stuff towards their maroon frillies

***grunt*** · 17-07-2013 05:53 PM

Originally Posted by wee fordy

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"We are now on the way towards 6,000 direct debits. This is no longer a bid, it's a movement.:

I'm reminded here of Alice's Restaurant :D

**The Falcon** · 17-07-2013 05:59 PM

Originally Posted by hibseleven

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Most folk on here seem to think a % of pledges will get cancelled around Christmas time, or if they start to get a few trouncings. If the ****bos become a newco in Div3 owned by FOH do we think the pledges will disappear even quicker?

Does nobody consider that it might now be the Lowland League? Serious question.

**~~Saorsa~~** · 17-07-2013 06:03 PM

Originally Posted by The Falcon

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Does nobody consider that it might now be the Lowland League? Serious question.

I consider it, the lower the better.

***Jack*** · 17-07-2013 06:04 PM

I would love to know what a graphology expert would make of that signature.

My thoughts are somewhat tainted but

Age 12 could well appear below it.

***CropleyWasGod*** · 17-07-2013 06:09 PM

Originally Posted by grunt

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So does this mean that they also can't sell the assets?
Are you saying that because of events in Lithuania they can neither sell the club or the assets?

I interpreted it as being difficult to sell without the secured creditor's consent.

I think UK law would trump Lith law in this instance, though?

**Onion** · 17-07-2013 06:11 PM

Originally Posted by Pedantic_Hibee

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Are the SPFL or whatever they're called not a bit anxious that they won't be able to guarantee fulfilling their fixtures? Surely they would be aware of this?

Sidneyhibbie, sharpen that pencil and get writing another strongly worded, yet concerned, letter.

Every organisation needs to have a Disaster Recovery Plan with risk/mitigation strategies. Top 2 risks to the SPFL are major sponsors pulling the plug and one/more of the clubs going bust mid season. Even a body as incompetent as our national football authorities must have at least considered what they would do if the unthinkable (now highly probable) was to happen.

In saying that, they're probably more concerned about how many World Cup tickets they'll each get and how they fast track their Sevco chums into the top league

***KeithTheHibby*** · 17-07-2013 06:24 PM

Originally Posted by CropleyWasGod

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I interpreted it as being difficult to sell without the secured creditor's consent.

I think UK law would trump Lith law in this instance, though?

How come CWG?

**~~Sanger~~** · 17-07-2013 06:26 PM

Originally Posted by grunt

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So does this mean that they also can't sell the assets?
Are you saying that because of events in Lithuania they can neither sell the club or the assets?

But EU regulation on insolvency says the law of the country where the insolvent company does najority of its business holds sway. Lithuania a signature to this EU regulation.

**The Falcon** · 17-07-2013 06:26 PM

Originally Posted by CropleyWasGod

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I interpreted it as being difficult to sell without the secured creditor's consent.

I think UK law would trump Lith law in this instance, though?

EU law would trump both.

But I dont have a scooby what it is. I suspect it would be a case of getting the law journals open which would take time, which the Yams dont really have.

***CropleyWasGod*** · 17-07-2013 06:35 PM

Originally Posted by KeithTheHibby

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How come CWG?

Because HMFC are a UK company, I'm thinking, and the assets are theirs, albeit heavily secured.

But... disclaimer alert... I'm not a lawyer, so happy to be guided.

Edit... which Falcon has just done.

**Dashing Bob S** · 17-07-2013 06:42 PM

Originally Posted by The Falcon

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EU law would trump both.

But I dont have a scooby what it is. I suspect it would be a case of getting the law journals open which would take time, which the Yams dont really have.

I'd love to see them scuttling through various case law citations in UK & Lithland, and copious EU directives. A great way to spend the last days of your club...

**Dunderhall** · 17-07-2013 06:51 PM

Originally Posted by desantos0773

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But EU regulation on insolvency says the law of the country where the insolvent company does najority of its business holds sway. Lithuania a signature to this EU regulation.

Far from knowledgeable in this area, isn't it also to do with where proceedings are opened?
I'm looking at this EU reg 1346/2000, is it relevant and have I got the wrong end of the stick?

Originally Posted by The Falcon

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EU law would trump both.

But I dont have a scooby what it is. I suspect it would be a case of getting the law journals open which would take time, which the Yams dont really have.

Even if they had time, could they afford the legal team....

**Treadstone** · 17-07-2013 07:08 PM

You're all idiots. Remember the political angle here as Ian Murray told us.

And pishy breeks was leaning on the Lith ambassador, literally.

**Dunderhall** · 17-07-2013 07:34 PM

Originally Posted by Treadstone

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You're all idiots. Remember the political angle here as Ian Murray told us.

And pishy breeks was leaning on the Lith ambassador, literally.

Trying to give her a poke in the right direction apparantly.
Gone satisfyingly quiet as well.

7EC02870-5BE3-45F1-A449-BB7E55CF2809-44641-0000516F907DF43E_zps6f773c85.jpg

***jonty*** · 17-07-2013 07:43 PM

Originally Posted by Dashing Bob S

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I'd love to see them scuttling through various case law citations in UK & Lithland, and copious EU directives. A great way to spend the last days of your club...

Now now Bob, when it comes to paperwork don't forget that planning application. to quote "Now THATS what you call a planning application".

**Dashing Bob S** · 17-07-2013 07:46 PM

Originally Posted by jonty

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Now now Bob, when it comes to paperwork don't forget that planning application. to quote "Now THATS what you call a planning application".

They'll probably find an escape clause just in time for the second generation of cheap flats to be thrown up on the site.

**Treadstone** · 17-07-2013 07:49 PM

Originally Posted by Dashing Bob S

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I'd love to see them scuttling through various case law citations in UK & Lithland, and copious EU directives. A great way to spend the last days of your club...

I'd like to see them go through the Lith courts not knowing what's being said. Someone getting pie face Murray to "sign here, here and here" and then giving him a shoebox wi' a Russian hat in it!

***CropleyWasGod*** · 17-07-2013 07:50 PM

Originally Posted by Treadstone

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I'd like to see them go through the Lith courts not knowing what's being said. Someone getting pie face Murray to "sign here, here and here" and then giving him a shoebox wi' a Russian hat in it!