Share Transfers Agreed/Cooling off period

[21.05.2016]

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"Sporting integrity is beyond purchase"

Exactly, that moral less, corrupt grotty little laughing stock of a club have cheated for years to gain advantage over other clubs playing within the rules and for that they deserve every punishment they get.

[jgl07]

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The might even take it to the Local Authority Ombudsman.

No you would appeal the refusal of the planning application to the secretary of state.

Most dubious refusals will be overturned on appeal.

[CyberSauzee]

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He did speak some pish

He did like you though ;-)

[Prof. Shaggy]

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No you would appeal the refusal of the planning application to the secretary of state.

Most dubious refusals will be overturned on appeal.

I know, but does the secretary of state attend games at ER?

[Arch Stanton]

Wouldn't UKIO get it's best deal by selling the club as a going concern but keep hold of the ground?
They could offer a 2-year lease to the club as an interim measure. Since both the ground and the club have value then separating the two would get them a better return I'm sure.

[greenlex]

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Wouldn't UKIO get it's best deal by selling the club as a going concern but keep hold of the ground?
They could offer a 2-year lease to the club as an interim measure. Since both the ground and the club have value then separating the two would get them a better return I'm sure.

Ukio will cease to exist at the end of the process so investing isnt in the remit.

[CropleyWasGod]

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Wouldn't UKIO get it's best deal by selling the club as a going concern but keep hold of the ground?
They could offer a 2-year lease to the club as an interim measure. Since both the ground and the club have value then separating the two would get them a better return I'm sure.

They need cash. The sooner, the better.

[hibees 7062]

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Rolland really is a prize plum and a of epic proportions.

Another roaster of epic propertions is Falkirk Jambo, a slavering gibbering buffoon of a man.

And Tristan . Larry , Curly and Mo

[SunshineOnLeith]

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They need cash. The sooner, the better.

The first part of his post is valid though, they could sell the two parts separately and leave whoever buys the club with the problem of finding a ground. If they could then quickly agree a groundshare with someone they could, at least on the face of it, fulfill their fixtures.

[CropleyWasGod]

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The first part of his post is valid though, they could sell the two parts separately and leave whoever buys the club with the problem of finding a ground. If they could then quickly agree a groundshare with someone they could, at least on the face of it, fulfill their fixtures.

Not getting you.

He said "Wouldn't UKIO get it's best deal by selling the club as a going concern but keep hold of the ground? "

Firstly, UKIO don't own the ground. Secondly, they wouldn't want it. They want cash.

Or have I misunderstood your point?

[robinp]

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The first part of his post is valid though, they could sell the two parts separately and leave whoever buys the club with the problem of finding a ground. If they could then quickly agree a groundshare with someone they could, at least on the face of it, fulfill their fixtures.

But who in their right mind is going to pay multiple millions for a club with no ground to play their ganes and a circa £500k season rent to then find.

[clerriehibs]

When BDO have to call it a day and announce homfc have to be liquidated, is that it? Do the doors close immediately?

[CropleyWasGod]

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When BDO have to call it a day and announce homfc have to be liquidated, is that it? Do the doors close immediately?

The company has to cease trading, so yes.

[PatHead]

Some of them really don't get it do they? Kickback-Ugly American, on 30 July 2013 - 02:30 AM, said:A century of tradition
A rabid fan base
Biggest club in the 14th largest metro area in the UK
A dedicated effort by the supporters to buy the club and invest in it
A stadium as atmospheric as any in Britain

It will take some years, but I still see glory days for us again. Provided FoH get a hold of the club, some time in my lifetime, hopefully in the next decade, Hearts will finish top of the table in the top tier.

I really don't have that much doubt about this, actually.

[soproni1]

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Some of them really don't get it do they? Kickback-Ugly American, on 30 July 2013 - 02:30 AM, said:A century of tradition
A rabid fan base
Biggest club in the 14th largest metro area in the UK
A dedicated effort by the supporters to buy the club and invest in it
A stadium as atmospheric as any in Britain

It will take some years, but I still see glory days for us again. Provided FoH get a hold of the club, some time in my lifetime, hopefully in the next decade, Hearts will finish top of the table in the top tier.

I really don't have that much doubt about this, actually.

Surely this guy is not for real

[Hibs07p]

Trying to find the SPFL rules and regulations regarding the pinkies across the road starting a season in administration and then being liquidated. All there is is this http://www.spfl.co.uk/ , a website under construction. What rules are hertz covered by? After the rebranding last week you would think it would be all systems go, but apparently not.

GGTTH

[SunshineOnLeith]

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Not getting you.

He said "Wouldn't UKIO get it's best deal by selling the club as a going concern but keep hold of the ground? "

Firstly, UKIO don't own the ground. Secondly, they wouldn't want it. They want cash.

Or have I misunderstood your point?

I've probably made a hash of it due to posting from a phone but, forgiving the point of who owns the place, the statement that the two can be separated is correct. No way they'd hold it as an investment or lease it back to the club though. But a property developer might prefer to acquire solely the land as an asset, rather than having to go through the hassle of dealing with winding up the club etc.

The company could then be sold, probably for a remarkably similar amount as BDO's fees, to FoH. Thereby avoiding a Newco scenario.

Essentially: security gets called in, tynecastle is sold, remaining company gets sold to the foundation, livi/SRU/us get a nice payday through a groundshare.

[Springbank]

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Some of them really don't get it do they? Kickback-Ugly American, on 30 July 2013 - 02:30 AM, said:A century of tradition
A rabid fan base
Biggest club in the 14th largest metro area in the UK
A dedicated effort by the supporters to buy the club and invest in it
A stadium as atmospheric as any in Britain

It will take some years, but I still see glory days for us again. Provided FoH get a hold of the club, some time in my lifetime, hopefully in the next decade, Hearts will finish top of the table in the top tier.

I really don't have that much doubt about this, actually.

I took a Londoner relative of mine to a derby at Tynecastle.

He thought it was a weird pokey little stadium, like Fratton Park - the kind of grounds that remind you why football had to change. He didn't know whether to be nostalgic or to duck to avoid all the asbestos...and that was from the corner of the Roseburn next to the Wheatfield :)

[Arch Stanton]

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Not getting you.

He said "Wouldn't UKIO get it's best deal by selling the club as a going concern but keep hold of the ground? "

Firstly, UKIO don't own the ground. Secondly, they wouldn't want it. They want cash.

Or have I misunderstood your point?

Agreed that UKIO administrators wouldn't want the ground - getting the biggest return for the creditors is their remit - why would they want to rush getting their hands on cash?

And "keep hold of the ground" was just a clumsy way of saying that the two would be sold separately.

[CropleyWasGod]

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I've probably made a hash of it due to posting from a phone but, forgiving the point of who owns the place, the statement that the two can be separated is correct. No way they'd hold it as an investment or lease it back to the club though. But a property developer might prefer to acquire solely the land as an asset, rather than having to go through the hassle of dealing with winding up the club etc.

The company could then be sold, probably for a remarkably similar amount as BDO's fees, to FoH. Thereby avoiding a Newco scenario.

Essentially: security gets called in, tynecastle is sold, remaining company gets sold to the foundation, livi/SRU/us get a nice payday through a groundshare.

It's feasible, but a couple of points get in the way.

1. UBIG would want their pound of flesh as well, so it wouldn't just be BDO's fees that would be paid through a sale of the company. I don't think FOH (or at least their backers) would be keen on paying that much for just the club's name.

2. there still remains the issue of the frozen assets.

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Agreed that UKIO administrators wouldn't want the ground - getting the biggest return for the creditors is their remit - why would they want to rush getting their hands on cash?

And "keep hold of the ground" was just a clumsy way of saying that the two would be sold separately.

They wouldn't necessarily be rushing, but they have to get it in as quickly as possible. Like BDO, they have to be mindful of their own costs racking up.

[Arch Stanton]

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But who in their right mind is going to pay multiple millions for a club with no ground to play their ganes and a circa £500k season rent to then find.

It's not such a mind boggling concept for a company to lease premises - sometimes selling the premises to a lease-back company to achieve this.

If anyone buys Hearts they will effectively be buying two things - the club and the ground. All I was saying that the UKIO administrators may get better value by selling separately. I'm not making a big deal over this but I reckon it is a possibility.

[Liberal Hibby]

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It's not such a mind boggling concept for a company to lease premises - sometimes selling the premises to a lease-back company to achieve this.

If anyone buys Hearts they will effectively be buying two things - the club and the ground. All I was saying that the UKIO administrators may get better value by selling separately. I'm not making a big deal over this but I reckon it is a possibility.

But the club has next to no value outside of the stadium. IIRC Rangers were 'bought' for £1 - that is crest, goodwill, history etc.

[Arch Stanton]

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But the club has next to no value outside of the stadium. IIRC Rangers were 'bought' for £1 - that is crest, goodwill, history etc.

True - but what about the club as a going concern in the SPL? That'd be worth more than a pound - 2 quid at least surely!

[PatHead]

Maybe missed it in all the posts but is there a deadline on when revised bids have to be submitted?

[Mon Dieu4]

The infighting on Brokeback just now over the Foundation of Yams is quality Haha

[sidneyhibbie]

Any one got any ideas who else i can send letters ? my endless personal pursuit of justice must be continued until the day the PBS Is closed down and the yam fuds are doomed.

Sidney.

[Dashing Bob S]

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Some of them really don't get it do they? Kickback-Ugly American, on 30 July 2013 - 02:30 AM, said:A century of tradition
A rabid fan paedophile base
Biggest club in the 14th largest metro area in the UK
A dedicated effort by the supporters to buy the club and invest in it
A stadium as atmospheric as any in Britain

It will take some years, but I still see glory days for us again. Provided FoH get a hold of the club, some time in my lifetime, hopefully in the next decade, Hearts will finish top of the table in the top tier.

I really don't have that much doubt about this, actually.

Fixed it for him.

[lapsedhibee]

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Any one got any ideas who else i can send letters ? my endless personal pursuit of justice must be continued until the day the PBS Is closed down and the yam fuds are doomed.

Sidney.

Sorry, I've lost track a bit. Has Sidney written to David Southern specifically about his lies?

[Mon Dieu4]

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Any one got any ideas who else i can send letters ? my endless personal pursuit of justice must be continued until the day the PBS Is closed down and the yam fuds are doomed.

Sidney.

How about Sidney writes to Westminster just to make sure Ian Murray is doing all the foundation nonsense in his own time and not taxpayers like he says

seems to have lots of free time, even for a MP

[kdhibees1]

FOH delay the direct debits until September until they are satisfied they can reach an agreement. - http://ow.ly/i/2Ki3E/original

More like they know the end is nigh!!!