Share Transfers Agreed/Cooling off period

[hibs0666]

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I doubt Massone's in it to sell Tynie and leave them homeless. He'd have to chuck money at another stadium and that's even less likely. Who knows what his motivation really is with this one?

Massone would be areal headache for the SFA, given that he has previous for being a catastrophe for Scottish football clubs. Think I'll just buy myself another big bag of popcorn and settle back for the rest of the feature.

[Part/Time Supporter]

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Am I right in thinking that the rejection of the bids has only came from 1 Lith admin?

Even if another £1m is found, could the other Lith admin still reject the bid?

Or is the fact that UKIO are the biggest creditor mean that it's basically just up to them?

Aye. Ukio have security over Hearts' assets so that security needs to be released for Hearts to continue in business. The other creditors would have to take what is left over after Ukio have taken an amount to satisfy that security. UBIG could reject that, but it's unlikely they would do that because they would get nothing in liquidation. The potential complication after a deal is agreed with Ukio is if the shares held by UBIG are not able to be sold for Lithuanian legal reasons. But if the buyer can't agree a deal with Ukio first then that is no longer relevant.

[Sylar]

Has Massone been subjected to the "Fit and Proper Person" test yet?!

Absolutely not a ****ing hope he'd pass this given his track record in Scottish Football, surely?

[Pedantic_Hibee]

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Has Massone been subjected to the "Fit and Proper Person" test yet?!

Absolutely not a ****ing hope he'd pass this given his track record in Scottish Football, surely?

A letter of recommendation from Sidney is being penned as we speak.

[Sylar]

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Would they?

If Massone's putting up millions, where's his return on that unless he can sell the land at a profit or develop it?

No sense in Massone making a bid otherwise. He's proved he is only interested in asset-stripping rather than running a football club. Hence, why he is not putting up any working capital for the football club.

Massone doesn't have millions. He claimed to have supported Livingston by ploughing in "millions" of his own money when they were cruising towards the second administration - when Ged Nixon and the Livingston 5 consortium took over and looked at the books, they highlighted what we knew all along - that this was utter pish.

[PapillonVert]

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I doubt Massone's in it to sell Tynie and leave them homeless. He'd have to chuck money at another stadium and that's even less likely. Who knows what his motivation really is with this one?

Oh dear.

He's an asset stripper.

He doesn't care about the football club. Only the opportunity to make a quick buck.

He can buy the asset (land), hand the club over to FoH for £1 or a dozen home-made iced buns and leave them with the problem of where they play their games. He could in fact even rent Tynie to them whilst he thinks about how to develop the site or wait for the land value to rise and then chuck them out.

Don't imagine that because Massone is in the bidding, he intends to continue with the football club. He sees an opportunity to make cash.

That's what I imagine his motivation is.

[Dunderhall]

FoH tweets.

Small point in addition to the "official stuff": it is important for calm. Nothing has changed. Failure to do deal always meant liquidation

.

A very impressive bid team (with top level "deal" expertise) is on top of things - its the next step in a process!

I don't think they meant the 2nd tweet to read how I interpret it.

[shagpile]

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Has Massone been subjected to the "Fit and Proper Person" test yet?!

Absolutely not a ****ing hope he'd pass this given his track record in Scottish Football, surely?

This is the SFA/SPL/SPFL/Bertram Mills circus we are talking about here.

Massone will pass with flying colours.

[PapillonVert]

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Massone doesn't have millions. He claimed to have supported Livingston by ploughing in "millions" of his own money when they were cruising towards the second administration - when Ged Nixon and the Livingston 5 consortium took over and looked at the books, they highlighted what we knew all along - that this was utter pish.

Very few people who do these deals have a halfpenny in cash. With these people, it's often smoke and mirrors and others are usually left to clean up the mess later.

Once they have waltzed off into the sunset with all the cash.

Ask Vlad.

Edit: I perhaps should have said "very few people who do these deals put up a halfpenny of their own cash....."

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Has Massone been subjected to the "Fit and Proper Person" test yet?!

Absolutely not a ****ing hope he'd pass this given his track record in Scottish Football, surely?

Could it possibly be that he couldn't care less whether he passes the SPFL's "fit and proper person" test if his aim is to get his grubbies on the land?

[Moulin Yarns]

The Thread heading needs changed, Admins.

How about "Liths send bidders away to think again"

[Keith_M]

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Could it possibly be that he couldn't care less whether he passes the SPFL's "fit and proper person" test if his aim is to get his grubbies on the land?

He can easily get around any Fit And Proper Persons test by not being part of the board. He just needs to slink into the background - or get someone at the Daily Record to announce his 'wealth is off the radar'.

[Gus Fring]

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Has Massone been subjected to the "Fit and Proper Person" test yet?!

Absolutely not a ****ing hope he'd pass this given his track record in Scottish Football, surely?

There is no test. It's basically a form that owners sign saying "I promise am no a dodgy geezer". Getting round it is simply a case of putting a puppet in charge instead.

I think some people think it's like the scene in Skyfall where Bond is trying to be cleared for duty.

[AinsterHibs]

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There is no test. It's basically a form that owners sign saying "I promise am no a dodgy geezer". Getting round it is simply a case of putting a puppet in charge instead.

I think some people think it's like the scene in Skyfall where Bond is trying to be cleared for duty.

Intermission.

[kdhibees1]

http://www.dailyrecord.co.uk/sport/f...y-july-2101685
5 million needed according to this vid. Oh dear!! Dark skies over tincastle Today!
''Deep in the grubber'' Quote and a half!!!!

[joe breezy]

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http://www.dailyrecord.co.uk/sport/f...y-july-2101685
5 million needed according to this vid. Oh dear!! Dark skies over tincastle Today!

Boom

[PatHead]

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Oh dear.

He's an asset stripper.

He doesn't care about the football club. Only the opportunity to make a quick buck.

He can buy the asset (land), hand the club over to FoH for £1 or a dozen home-made iced buns and leave them with the problem of where they play their games. He could in fact even rent Tynie to them whilst he thinks about how to develop the site or wait for the land value to rise and then chuck them out.

Don't imagine that because Massone is in the bidding, he intends to continue with the football club. He sees an opportunity to make cash.

That's what I imagine his motivation is.

Pretty much agree with that but he will want a lot more than a pound for Hearts. He knows they will pay just to keep the name. It is worth a lot to Hearts supporters. Bet you he wants half a million for that alone.

[PapillonVert]

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He can easily get around any Fit And Proper Persons test by not being part of the board. He just needs to slink into the background - or get someone at the Daily Record to announce his 'wealth is off the radar'.

Like Vlad did for years?

So, out of the frying (or should that be "baking") pan into the big burny fire?

In other words, this clutching at the straw of Massone not being allowed to take over the club is a piece of absolute nonsense?

[The Green Goblin]

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@The_FoH: Nothing to add at the moment, other than to say you're direct debits are crucial. Set up today at http://t.co/L8jikp6r2E. #createhistory

If they handle their bid as well as they use apostrophes, we'll have nothing to worry about

[Geo_1875]

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There is no test. It's basically a form that owners sign saying "I promise am no a dodgy geezer". Getting round it is simply a case of putting a puppet in charge instead.

I think some people think it's like the scene in Skyfall where Bond is trying to be cleared for duty.

I think he is perfectly fit and proper to run a club like HoMFC.

Just don't let him near my club.

[Geo_1875]

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If they handle their bid as well as they use apostophes, we'll have nothing to worry about

Grammar alert!!!!!

[Prof. Shaggy]

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If they handle their bid as well as they use apostophes, we'll have nothing to worry about

I noticed that too.

Shocking.

[Keith_M]

Surely it's time now for the SPFL to put 'Plan Morton' into place!

[Hibby Kay-Yay]

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Surely it's time now for the SPFL to put 'Plan Morton' into place!

They can't act on what MIGHT happen.

[hibs4thecup1988]

You just know that they are going to go into liquidation next week and the spffl will let them sta

[Jim44]

Is the bottom line simply that they need to increase the bid by £iM to have the bid accepted? If it's as simple as that they're surely out of the woods as that sum can easily be achieved by their more affluent supporters if it means saving their club. Or is that a silly interpretation?

[Gus Fring]

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Surely it's time now for the SPFL to put 'Plan Morton' into place!

That can't happen until Hearts are kaput

[Dunderhall]

@BBCchrismclaug

Shortfall on offers for Hearts and what owner's administrators want could run into millions of pounds according to club's own administrators

[Treadstone]

Haud aff oan them derby tickets lads!

[Lucius Apuleius]

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Haud aff oan them derby tickets lads!

Whit tickets wid that be?

[steakbake]

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Is the bottom line simply that they need to increase the bid by £iM to have the bid accepted? If it's as simple as that they're surely out of the woods as that sum can easily be achieved by their more affluent supporters if it means saving their club. Or is that a silly interpretation?

Cakes and face paints at the ready. We might have been a laughing stock last week but inshallah, the last laugh has yet to be had...