Share Transfers Agreed/Cooling off period

[clerriehibs]

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

There is no "Plan Morton".

The "plan", if you can call it that, is to keep their heads in the sand for as long as possible. If the dung hits the dungclub good and proper and they have to take said heads out of sand, it'll be "censure"s all round for homofc plus help (financial, so-called temporary suspensions of signing-bans) to keep them going.

[HibbyAndy]

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

Correct.

Cheating *****.

[CropleyWasGod]

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

You misunderstand the term liquidation.

When a company goes into liquidation, it stops trading. Therefore what you suggest just cannot happen.

[green glory]

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

If they're liquidated they won't exist.

This isn't a repeat of the Rangers/The Rangers scenario.

[Gus Fring]

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There is no "Plan Morton".

The "plan", if you can call it that, is to keep their heads in the sand for as long as possible. If the dung hits the dungclub good and proper and they have to take said heads out of sand, it'll be "censure"s all round for homofc plus help (financial, so-called temporary suspensions of signing-bans) to keep them going.

You couldn't be further from the truth. Hearts have already asked for financial help and been told no. If Hearts are liquidated this is not a Sevco situation. It's incredibly unlikely there will be enough left over for them to continue.

[Mikey]

The relevant thread over the road has the title...... "Not Looking So Good".

[CraigHibee]

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The relevant thread over the road has the title...... "Not Looking So Good".

for them maybe, for everyone else, its a good monday

[Dalkeith]

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The relevant thread over the road has the title...... "Not Looking So Good".

still head in sand stuff over there

[Makaveli]

Why are people still saying they'll keep stumbling along with help from the authorities?

When Plan Liquidate is put into action there will be no Hearts.

[AinsterHibs]

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You misunderstand the term liquidation.

When a company goes into liquidation, it stops trading. Therefore what you suggest just cannot happen.

So, I assume, I am then to prepare the sacrificial goat for this Extinction Event to happen then.

I hope it is so.

However - death is far too honourable an event for the mutants, but I will accept the vast amounts of pain, suffering, humiliation and my own personal deep satisfaction to watch them ferkin die, bleeding, gutted, sliced and torn to shreds.

(Or is that going to far?) :)

[Treadstone]

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The relevant thread over the road has the title...... "Not Looking So Good".

Is it up the pecking order yet ? Fourth last time i looked.

[Geo_1875]

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So, I assume, I am then to prepare the sacrificial goat for this Extinction Event to happen then.

I hope it is so.

However - death is far too honourable an event for the mutants, but I will accept the vast amounts of pain, suffering, humiliation and my own personal deep satisfaction to watch them ferkin die, bleeding, gutted, sliced and torn to shreds.

(Or is that going to far?) :)

No

[Hibernia Na Eir]

so, are the cake sales all done? no flour left in the cupboard?

boo hoo, jambos being crushed. Get in.

[Simkin911]

Is it really too much to expect the football authorities to make comment on the steps they are taking to protect the integrity of the league, fixture list or 'product' as they may describe it. Supporters from all teams deserve to know what they are signing up for - league wise - this season. At the moment there is significant uncertainty. Whether or not they can act but they can certainly comment!

[Hibee87]

BBC 'understands' have changed their tune in the sake of 2 hours from needing a mere million more from a bid to:

Hearts face
the prospect of liquidation unless someone outstrips present offers for the club
by millions, administrator Bryan Jackson has warned.

Jackson's counterpart looking after the affairs of the club's owners, Ukio
Bankas, has said none of the bids received for Hearts are acceptable.

[Mikey]

They wouldn't have needed "Plan Morton" if they'd had the sense to apply the 18 point penalty in May and relegate them. They let them off because of legal speak bunkum and they're now unlikely to see the end of August.

[Hibee87]

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They wouldn't have needed "Plan Morton" if they'd had the sense to apply the 18 point penalty in May and relegate them. They let them off because of legal speak bunkum and they're now unlikely to see the end of August.

Unlikely to see the START of august

[hibby rae]

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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...

"He who laughs last, laughs longest".

[Mikey]

And I've bought a season ticket for 19 home games. Will the SPFL reimburse me if there are 11 teams in the league, because I don't see why Hibs should.

[YehButNoBut]

FoH statement today, must do a lot to put the Yams mind at ease.

http://static.ow.ly/docs/Foundation%...02013_1oS1.pdf

Monday 29th July 2013

Statement issued on behalf of Foundation of Hearts

The Foundation of Hearts and its advisors note today’s statement issued on behalf of Ukio Bankas administrator Gintaras Adomonis in relation to the possibility of liquidating Heart of Midlothian plc (in administration) should a satisfactory offer not be received.

Ian Murray MP, independent chair of the Foundation of Hearts said:

“Our bid team, working on behalf of the Foundation of Hearts continues to negotiate on the points of the bid submitted on our behalf to BDO.

“Meetings are scheduled for this week, and have been since our revised bid and proof of funding was submitted last Wednesday, as requested. It’s very much business as usual.

“We remain hopeful that we can demonstrate to the club’s creditors that our proposal provides the strongest return and carries the lowest risk, in short by far the best solution.

“This announcement from Lithuania does again, however, demonstrate the need for supporters to set up direct debits via foundationofhearts.org, if they can do so.”

ENDS.

29th July 2013

[Golden Bear]

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BBC 'understands' have changed their tune in the sake of 2 hours from needing a mere million more from a bid to:

Hearts face
the prospect of liquidation unless someone outstrips present offers for the club
by millions, administrator Bryan Jackson has warned.

Jackson's counterpart looking after the affairs of the club's owners, Ukio
Bankas, has said none of the bids received for Hearts are acceptable.

Seems as though "a million" should have read "millions".

Such a shame really.

http://www.bbc.co.uk/sport/0/football/23491885

[blackpoolhibs]

Keith Jackson just seem to pluck £5m out the air, he's no idea if thats the price or not?

[The Green Goblin]

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Grammar alert!!!!!

Congratulations Geo. You have won today's "deliberate ironic mistake" prize

(Original post now edited)

[CropleyWasGod]

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Keith Jackson just seem to pluck £5m out the air, he's no idea if thats the price or not?

I'm sounding like a stuck record, but no-one outside of BDO, the bidders and the UKIO admins actually knows.

[Prof. Shaggy]

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Seems as though "a million" should have read "millions".

Such a shame really.

http://www.bbc.co.uk/sport/0/football/23491885

Amazing that McLauchlin is still getting the basic facts wrong.
"Jackson's counterpart looking after the affairs of the club's owners, Ukio Bankas, has said none of the bids received for Hearts are acceptable."

[Kato]

Instead of "liquidated" could we please use the term "liquidised". I know its wrong but its a lot more fun.

[steakbake]

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FoH statement today, must do a lot to put the Yams mind at ease.

http://static.ow.ly/docs/Foundation%...02013_1oS1.pdf

Monday 29th July 2013

Statement issued on behalf of Foundation of Hearts

The Foundation of Hearts and its advisors note today’s statement issued on behalf of Ukio Bankas administrator Gintaras Adomonis in relation to the possibility of liquidating Heart of Midlothian plc (in administration) should a satisfactory offer not be received.

Ian Murray MP, independent chair of the Foundation of Hearts said:

“Our bid team, working on behalf of the Foundation of Hearts continues to negotiate on the points of the bid submitted on our behalf to BDO.

“Meetings are scheduled for this week, and have been since our revised bid and proof of funding was submitted last Wednesday, as requested. It’s very much business as usual.

“We remain hopeful that we can demonstrate to the club’s creditors that our proposal provides the strongest return and carries the lowest risk, in short by far the best solution.

“This announcement from Lithuania does again, however, demonstrate the need for supporters to set up direct debits via foundationofhearts.org, if they can do so.”

ENDS.

29th July 2013

"Hopeful" or "Confident"?

[kdhibees1]

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"Hopeful" or "Confident"?

They dinnae half like leaving things to the last minute, eh!!! Talk about clinging on for dear life!!!

[Hibs7]

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FoH statement today, must do a lot to put the Yams mind at ease.

http://static.ow.ly/docs/Foundation%...02013_1oS1.pdf

Monday 29th July 2013

Statement issued on behalf of Foundation of Hearts

The Foundation of Hearts and its advisors note today’s statement issued on behalf of Ukio Bankas administrator Gintaras Adomonis in relation to the possibility of liquidating Heart of Midlothian plc (in administration) should a satisfactory offer not be received.

Ian Murray MP, independent chair of the Foundation of Hearts said:

“Our bid team, working on behalf of the Foundation of Hearts continues to negotiate on the points of the bid submitted on our behalf to BDO.

“Meetings are scheduled for this week, and have been since our revised bid and proof of funding was submitted last Wednesday, as requested. It’s very much business as usual.

“We remain hopeful that we can demonstrate to the club’s creditors that our proposal provides the strongest return and carries the lowest risk, in short by far the best solution.

“This announcement from Lithuania does again, however, demonstrate the need for supporters to set up direct debits via foundationofhearts.org, if they can do so.”

ENDS.

29th July 2013

Another excuse to beg for more cake bakes and pledges which never came to fruition .. Die you inbred Neanderthals . die !

[Moulin Yarns]

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The Thread heading needs changed, Admins.

How about "Liths send bidders away to think again"

Thanks Admins. It needed to be done