Share Transfers Agreed/Cooling off period

[Onion]

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I still can't believe that they seriously think no developer would touch the land as it would damage their reputation

That piece is to reassure and appease their panicking yam readers. As a plot of land in one of the most beautiful European cities , even Tynecastle will be worth a lot of money once the economy starts to recover. The Liths must understand that. As for reputation damage, it would be quite easy for this plot to change hands a few times before any development takes place. The Liths might already have had a few interested parties contacting them behind the scenes. It might be e few years before the land is built on by which time the Yams will all have become Hibs fans :)

[Spike Mandela]

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http://m.scotsman.com/sport/football...real-1-3020961

A warning to the Lithuanians.

How DARE these pesky Lithuanians look to get the money they are owed.

[Killiehibbie]

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The comments from Hearts fans on that article are hilarious. Delusional beyond belief.

What the **** is a frother by the way?

A frother is a woman in a highly aroused state.

[LancsHibs]

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That piece is to reassure and appease their panicking yam readers. As a plot of land in one of the most beautiful European cities , even Tynecastle will be worth a lot of money once the economy starts to recover. The Liths must understand that. As for reputation damage, it would be quite easy for this plot to change hands a few times before any development takes place. The Liths might already have had a few interested parties contacting them behind the scenes. It might be e few years before the land is built on by which time the Yams will all have become Hibs fans :)

A foreign investor would snap it up. Sit on it and sell on when time is right

[TornadoHibby]

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That piece is to reassure and appease their panicking yam readers. As a plot of land in one of the most beautiful European cities , even Tynecastle will be worth a lot of money once the economy starts to recover. The Liths must understand that. As for reputation damage, it would be quite easy for this plot to change hands a few times before any development takes place. The Liths might already have had a few interested parties contacting them behind the scenes. It might be e few years before the land is built on by which time the Yams will all have become Hibs fans :)

Heard a "rumour" the other day that the chance of this being granted consent for residential development is virtually nil due to the close proximity of the distillery and the pharmaceutical company where "leakage" into the ground has arisen!

Anyone confirm this!?

[Liberal Hibby]

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Heard a "rumour" the other day that the chance of this being granted consent for residential development is virtually nil due to the close proximity of the distillery and the pharmaceutical company where "leakage" into the ground has arisen!

Anyone confirm this!?

Only in the Yams dreams - this was discussed and debunked further up the thread.

[Matty_Jack04]

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Heard a "rumour" the other day that the chance of this being granted consent for residential development is virtually nil due to the close proximity of the distillery and the pharmaceutical company where "leakage" into the ground has arisen!

Anyone confirm this!?

Theyve recently built a new school a stones throw away from tynecastle, sounds like more yam delusion to me

[woody0-7]

Well there was up until last year a high school there so I don't think that rumour will work for them!

[bingo70]

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Heard a "rumour" the other day that the chance of this being granted consent for residential development is virtually nil due to the close proximity of the distillery and the pharmaceutical company where "leakage" into the ground has arisen!

Anyone confirm this!?

Why would they let them build a new school next to it if it was unsafe at all?

If a housing developer wasn't given permission to build by the council could they appeal this in the courts? Sounds to me like the council are trying to move the goalposts to suit their agenda.

[Sanger]

A very realistic apprasial from Bridging and Commercial!

Lithuania state owed £400m by Ukio Bankas and will not accept cakes and choclate buttons. Do not pass Go go straight to Liquidation!


http://www.bridgingandcommercial.co....-property-debt

[Keith_M]

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A very realistic apprasial from Bridging and Commercial!


http://www.bridgingandcommercial.co....-property-debt

Hobo Frothers, Big Team - Big Cup, since 1902, 5-1, etc.

[Phil D. Rolls]

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A foreign investor would snap it up. Sit on it and sell on when time is right

Would that mean that Newyam would have a place to play until it is sold? Maybe even rent free, as a goodwill gesture.

All they'd have to do is pay maintenance of the stadium to meet safety requirements, council tax etc.....oh, wait.

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A very realistic apprasial from Bridging and Commercial!

Lithuania state owed £400m by Ukio Bankas and will not accept cakes and choclate buttons. Do not pass Go go straight to Liquidation!


http://www.bridgingandcommercial.co....-property-debt

Despite promising announcements from BDO, the reality of a £15 million debt to foreign creditors is that any small CVA proposals will be rejected in favour of selling off Tynecastle to alleviate the £400 million debt the Bank owes to the Central Bank of Lithuania.

Is this right?

[easty]

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Why would they let them build a new school next to it if it was unsafe at all?

If a housing developer wasn't given permission to build by the council could they appeal this in the courts? Sounds to me like the council are trying to move the goalposts to suit their agenda.

And it's such a dangerous area to be in that they allow circa 400k yam fans to congregate in and around the stadium for games. Or maybe it's all that fancy scarf twirling thats keeping the 'leekage' at bay?

[therealgavmac]

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A frother is a woman in a highly aroused state.

Absolutely pmsl......

[HibsNibs]

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the real facts are, Tynecastle is worth many millions as a development site. Builders know that. Council knows that.
Its not rocket science either trying to find out what recent property sales are for new builds around that area. I'm sure the nice Lithuanians are up to speed on this already.
facts are facts, no matter what any journo dresses it up as....

Sidney or someone needs to drop them a line to make sure they are. I think FOH's strategy is completely reliant on the 'PBS is worth nowt' gambit.

[easty]

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A very realistic apprasial from Bridging and Commercial!

Lithuania state owed £400m by Ukio Bankas and will not accept cakes and choclate buttons. Do not pass Go go straight to Liquidation!


http://www.bridgingandcommercial.co....-property-debt

Wow...in the photo (in the link) the PBS doesnt look like an asbestos-ridden hole at all. I thought they'd just given the stairs a wee paint job, but that is pretty impressive.

[CropleyWasGod]

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Would that mean that Newyam would have a place to play until it is sold? Maybe even rent free, as a goodwill gesture.

All they'd have to do is pay maintenance of the stadium to meet safety requirements, council tax etc.....oh, wait.

If the company goes into liquidation, it stops trading.

A NewCo, if it took over the club, would have to move very quickly in order for it to operate this season.

[SlickShoes]

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If the company goes into liquidation, it stops trading.

A NewCo, if it took over the club, would have to move very quickly in order for it to operate this season.

The season starts in 4 days, if hearts go liquid any time soon they will cease to exist for the rest of the season at least.

Didn't rangers already have the newco set up and waiting? Hearts are donald ducked now if they go in to liquidation, 1 full year with 0 revenue and only £20 monthly direct debits from die hard fans is not enough to start a new club.

[lapsedhibee]

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The season starts in 4 days, if hearts go liquid any time soon they will cease to exist for the rest of the season at least.

Morton, Dundee are ill prepared to step into their shoes. For the sake of Scottish Football, the only sensible thing to do will be to promote their big cousins to take their place. Shirley no reasonable person can object to that outcome, now that all divisions are operating under the one umbrella of the SPFL.

[CropleyWasGod]

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Morton, Dundee are ill prepared to step into their shoes. For the sake of Scottish Football, the only sensible thing to do will be to promote their big cousins to take their place. Shirley no reasonable person can object to that outcome, now that all divisions are operating under the one umbrella of the SPFL.

Thank you, Mr. Traynor.

[clerriehibs]

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Morton, Dundee are ill prepared to step into their shoes. For the sake of Scottish Football, the only sensible thing to do will be to promote their big cousins to take their place. Shirley no reasonable person can object to that outcome, now that all divisions are operating under the one umbrella of the SPFL.

I don't think the big coudins are ready either.

However, unpalatable as it sounds, the yams would be sooo gutted that it is actually rather appealing.

[Phil D. Rolls]

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The season starts in 4 days, if hearts go liquid any time soon they will cease to exist for the rest of the season at least.

Didn't rangers already have the newco set up and waiting? Hearts are donald ducked now if they go in to liquidation, 1 full year with 0 revenue and only £20 monthly direct debits from die hard fans is not enough to start a new club.

Is there any possibility the SPFL would just pretend nothing is happening and let the Yams keep playing games until they fail to field a team? I'm not talking about the real world here, more the parallel universe that football seems to operate in.

[derekHFC]

The EEN's take on what happens next - HERE

[CropleyWasGod]

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Is there any possibility the SPFL would just pretend nothing is happening and let the Yams keep playing games until they fail to field a team? I'm not talking about the real world here, more the parallel universe that football seems to operate in.

In the current situation, that's all the SPFL can do. See Bajillions' excellent reasoning for that above.

If they go into liquidation, as I say, they stop trading. The doors are locked.

[Sylar]

It's alright! Hang off on the Doomsday predictions! The Hibs tickets are selling well and they're having a "Trial of Gary Locke" in the Gorgie Suite this coming Monday where tickets are £10 each!

#allisonceagainbarry...

[clerriehibs]

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If the company goes into liquidation, it stops trading.

A NewCo, if it took over the club, would have to move very quickly in order for it to operate this season.

They'll make it into the season.

Is it then beyond the realms of possibility for them to hold a gun to the SPFL to get an advance on any monies due, painting a picture that sees them complete the season still in admin? And the SPFL avoiding the club in liquidation fall out?

Surely the Lithuanians have months of untangling the UKIO/UBIG mess?

They may be tempted to postpone the recovery of this paltry amount if homfc can claim to expect a full season of trading, in the hope another, better suitor comes along?

[Hibs07p]

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The EEN's take on what happens next - HERE

Nothing we didn't already know about from info on here.

GGTTH

[CropleyWasGod]

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They'll make it into the season.

Is it then beyond the realms of possibility for them to hold a gun to the SPFL to get an advance on any monies due, painting a picture that sees them complete the season still in admin? And the SPFL avoiding the club in liquidation fall out?

Surely the Lithuanians have months of untangling the UKIO/UBIG mess?

They may be tempted to postpone the recovery of this paltry amount if homfc can claim to expect a full season of trading, in the hope another, better suitor comes along?

IIRC, they are due money in August.

What you're suggesting, though, if I read it right, is an advance further down the line when the money starts to run out? By that time, I reckon the L word will be writ much larger.

Balance that, too, against the possibility of the SFA demanding a bond when they meet on Thursday. That would really sting.

[Heisenberg]

According to #allisbarry Massone hasn't given any proof of funding yet...

[Gus Fring]

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The EEN's take on what happens next - HERE

Sat at my desk with a cup of coffee catching up on this thread.

*Clicks above link*

"Football finance expert Neil Patey..."

*Immediately closes tab*