Share Transfers Agreed/Cooling off period

[Kato]

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"Hopeful" or "Confident"?

Desperate

[Hibs07p]

Has the school been put up for sale yet or planning restrictions imposed due to the "blast zone"? It seems like a nice parcel of land is becoming available down Gorgie way for development.

GGTTH

[jgl07]

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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.

They would have been in exactly the same position but it would have affected the Championship rather than the Premiership of the new SPFL.

[hibs4thecup1988]

So why is this different to "the rangers" then? I am easily confused. And when you say liquidated means they no longer exist does that mean everything sold off and they can't even play in 3rd division etc

[kdhibees1]

When your club's about to die, and none else can buy......there's massone. When your starting to worry, you need cash in a hurry.....there's massone.
All the flumps they did drool, mad Vlad no longer rules - no amore! Clocks will tick, tick-a-tick-a-ticktick-a-tick-a tick and you'll sing, "Morte, morte"
Dean Martin kens!!

[bingo70]

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So why is this different to "the rangers" then? I am easily confused. And when you say liquidated means they no longer exist does that mean everything sold off and they can't even play in 3rd division etc

They won't have a stadium for a start, they also don't have time on their side.

I think the wheels were put in motion for a newco at rangers months before it happened.

[Gus Fring]

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So why is this different to "the rangers" then? I am easily confused. And when you say liquidated means they no longer exist does that mean everything sold off and they can't even play in 3rd division etc

Rangers didn't have secured creditors that are rejecting lowball offers. Hearts also don't have anywhere near the commercial clout that Rangers had. If Hearts are liquidated part of that process would involve selling Tynecastle to the highest bidder so that UKIO can get as much money back for the lithunianian tax payer as possible. Commercial rights etc would also be sold but uncoupled from the stadium Hearts are worth a lot less money. The basis of a football club could be bought and entered into a competition but with the pyramid system it would be unlikely they'd get to skip ahead to the 3rd division.

[Renfrew_Hibby]

Are they Caunts no deed yet? Let the Bakeathon begin!

[Mac]

I said from the beginning due to how complicated this whole
Thing was along without the financial/commercial/retail clout rangers have, that they will be lucky to playing any sort of football this season, longer its gone the more chance that exactly what will happen

[Notahappyhibee]

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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 not far enough

[Treadstone]

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Rangers didn't have secured creditors that are rejecting lowball offers. Hearts also don't have anywhere near the commercial clout that Rangers had. If Hearts are liquidated part of that process would involve selling Tynecastle to the highest bidder so that UKIO can get as much money back for the lithunianian tax payer as possible. Commercial rights etc would also be sold but uncoupled from the stadium Hearts are worth a lot less money. The basis of a football club could be bought and entered into a competition but with the pyramid system it would be unlikely they'd get to skip ahead to the 3rd division.

Holding off on the admin could actually be the death of them.

Mon the karma.

[Dunderhall]

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Because FoH think they can get the lot and shed debt for fifty quid and 2000 nectar points.

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...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....

So it's just the nectar points that's the issue then.

Forget the face painting, get spending at Sainsburys.

[Hibbyradge]

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When your club's about to die, and none else can buy......there's massone. When your starting to worry, you need cash in a hurry.....there's massone.
All the flumps they did drool, mad Vlad no longer rules - no amore! Clocks will tick, tick-a-tick-a-ticktick-a-tick-a tick and you'll sing, "Karma, karma"
Dean Martin kens!!

Excellent!

Can I suggest "Morte Morte" instead of Karma Karma?

[jgl07]

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Rangers didn't have secured creditors that are rejecting lowball offers. Hearts also don't have anywhere near the commercial clout that Rangers had. If Hearts are liquidated part of that process would involve selling Tynecastle to the highest bidder so that UKIO can get as much money back for the lithunianian tax payer as possible. Commercial rights etc would also be sold but uncoupled from the stadium Hearts are worth a lot less money. The basis of a football club could be bought and entered into a competition but with the pyramid system it would be unlikely they'd get to skip ahead to the 3rd division.

I think they would struggle to get a Newco company established and sorted out to enter the League system for this season.

They will have to cool their heels for a year and try to get into the Lowland League for 2014-15. Or maybe they would have to start in Division Two of the East of Scotland League?

Hearts will be back in some form or another.......


......... Eventually!

[kdhibees1]

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Excellent!

Can I suggest "Morte Morte" instead of Karma Karma?

Fixed that for ya. My Italian ain't what it ever was

[Dashing Bob S]

Tactically, Hearts felt they couldn't go into admin late last season, as it would have meant a points deduction and possible relegation to first division.


WRONG MOVE!


By not doing so it now seems they've given themselves no chance to set a Newco before the season starts. Sadly, from their POV, they have messed things up badly. Their scenario now looks much akin to Third Lanark than The Rangers. It's doubtful whether Hearts, in ANY form, will be playing in ANY league competition next season. And almost certainly NOT at Tynecastle.

But 5-1, 1902, killed us as a club etc etc

[Ozyhibby]

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I think they would struggle to get a Newco company established and sorted out to enter the League system for this season.

They will have to cool their heels for a year and try to get into the Lowland League for 2014-15. Or maybe they would have to start in Division Two of the East of Scotland League?

Hearts will be back in some form or another.......


......... Eventually!

Wouldn't be so sure. Without Tynecastle it would take a £20m investment to get them a new stadium in Edinburgh. Who has that kind of cash?

[Treadstone]

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Wouldn't be so sure. Without Tynecastle it would take a £20m investment to get them a new stadium in Edinburgh. Who has that kind of cash?

Bob Jamieson and his all star yank consortium was going to spend £45m on a new stadium. £20m thats a bargain.

[kdhibees1]

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Tactically, Hearts felt they couldn't go into admin late last season, as it would have meant a points deduction and possible relegation to first division.


WRONG MOVE!


By not doing so it now seems they've given themselves no chance to set a Newco before the season starts. Sadly, from their POV, they have messed things up badly. Their scenario now looks much akin to Third Lanark than The Rangers. It's doubtful whether Hearts, in ANY form, will be playing in ANY league competition next season. And almost certainly NOT at Tynecastle.

But 5-1, 1902, killed us as a club etc etc

Beautiful!! It's their way of working though.... let's leave everything to the last second again and again!! Beggars belief!!

[ginger_rice]

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I think they would struggle to get a Newco company established and sorted out to enter the League system for this season.

They will have to cool their heels for a year and try to get into the Lowland League for 2014-15. Or maybe they would have to start in Division Two of the East of Scotland League?

Hearts will be back in some form or another.......


......... Eventually!

Well if they do actually survive this wouldn't be too bad really, that could mean 7 years before they could get back to the top division IF EVER!!

[The Green Goblin]

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Tactically, Hearts felt they couldn't go into admin late last season, as it would have meant a points deduction and possible relegation to first division.


WRONG MOVE!


By not doing so it now seems they've given themselves no chance to set a Newco before the season starts. Sadly, from their POV, they have messed things up badly. Their scenario now looks much akin to Third Lanark than The Rangers. It's doubtful whether Hearts, in ANY form, will be playing in ANY league competition next season. And almost certainly NOT at Tynecastle.

Is that a single tear trickling down my cheek as I read your post..............?

















Nope...nope....it's just very cold winter weather here.

[bingo70]

how long have they got to get new bids in?

[kdhibees1]

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how long have they got to get new bids in?

The 1st I think?

[CropleyWasGod]

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how long have they got to get new bids in?

No-one has said. Thinking they'll get a couple of weeks at the most.

[kdhibees1]

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No-one has said. Thinking they'll get a couple of weeks at the most.

[bingo70]

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No-one has said. Thinking they'll get a couple of weeks at the most.

is there no chance the administrators take into account the seasons about to start and if no acceptable bid is on the horizon do the honorable thing and cut off the life support machine?

surely the SPFL have grounds to ask questions now?

[Hibbyradge]

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is there no chance the administrators take into account the seasons about to start and if no acceptable bid is on the horizon do the honorable thing and cut off the life support machine?

surely the SPFL have grounds to ask questions now?

I'm guessing this news is what McLaughlin was referring to in his "Wow" tweet.

[Leithenhibby]

Just bought my wife a lovely new appliance for the kitchen.

NewCo.jpg

[bingo70]

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I'm guessing this news is what McLaughlin was referring to in his "Wow" tweet.

No, his phone went on to twitter and typed "WOW" in his pocket

[Simkin911]

Are BDO making a statement this afternoon?