Share Transfers Agreed/Cooling off period

[Hermit Crab]

@BarryAnderson_8: #SFA & #Hearts have confirmed Andy Webster is no longer registered with #HMFC. He's training at Riccarton but can't sign (for those asking).

[robinp]

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@BarryAnderson_8: #SFA & #Hearts have confirmed Andy Webster is no longer registered with #HMFC. He's training at Riccarton but can't sign (for those asking).

Was just about to post the same. At least he names his sources, otherwise I wouldn't have bothered.

#allisbarry

[Hermit Crab]

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Was just about to post the same. At least he names his sources, otherwise I wouldn't have bothered.

#allisbarry

Would be extremely funny if we signed him.

[Zondervan]

Surprised it has taken the EEN so long.

@DavidJ_McCann: The Evening News today nails its colours to the mast in the Hearts takeover saga with a very strong front page.

[Spike Mandela]

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Surprised it has taken the EEN so long.

@DavidJ_McCann: The Evening News today nails its colours to the mast in the Hearts takeover saga with a very strong front page.

That will resonate in the corridors of power in Lithuania........................NOT!

[Allant1981]

Having a debate on fb with a friend who is a hearts fan and he still seems to think its just bad financial management at the club and that they havent cheated, makes me angry!!!

[clerriehibs]

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Surprised it has taken the EEN so long.

@DavidJ_McCann: The Evening News today nails its colours to the mast in the Hearts takeover saga with a very strong front page.

Given the somewhere right of maggie nature of that paper, it's going to rail against homfc for not paying its taxes and defaulting on the hundreds of creditors? Demand that people like Southern are brought to book? Ask hard questions of those who championed the crook from the start? No?

[HibbySpurs]

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@BarryAnderson_8: #SFA & #Hearts have confirmed Andy Webster is no longer registered with #HMFC. He's training at Riccarton but can't sign (for those asking).

Stone Me, BAnderson makes a statement that's factually correct

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Given the somewhere right of maggie nature of that paper, it's going to rail against homfc for not paying its taxes and defaulting on the hundreds of creditors? Demand that people like Southern are brought to book? Ask hard questions of those who championed the crook from the start? No?

Aye, it looks like the Hearts Evening News will be in full Yam praise flow today.... A local rag that will make no difference to events in the grand scheme of things....

Just joining the begging to save them, whilst forgetting as usual that this city has 2 Premiership sides of roughly the same size...

Ohhhh sorry I got that wrong, of course the readership available to them through using the save Hearts angles is 400,000..... How silly of me....

Yam paper, always has been, always will be.... Even back in the day it's Saturday evening sports paper was closely coloured to compliment the turd wearers

[Sanger]

Source of Debt	Debts Millions	Comment	Link
Original	22	debt for equity swaps over two years by UBIG 2008/2010	http://sport.stv.tv/football/clubs/h...necastle-club/
	2	Forgiven by UBIG on take over	http://news.bbc.co.uk/sport1/hi/football/teams/h/heart_of_midlothian/4570516.stm
	8.8	Forgiven by Panama subsuduary company 2011	http://sport.stv.tv/football/clubs/hearts/201686-mapping-hearts-finances-following-the-money-at-the-tynecastle-club/
	7.9	payment from FC Kaunas 2010 - debt foregiveness	http://www.fm-base.co.uk/forum/scottish-football/81343-romanovs-battle-hearts-minds.html
Total converted/forgiven	40.7
Current debt	28.5
Total	69.2

[Hermit Crab]

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Stone Me, BAnderson makes a statement that's factually correct

There are still roasters on kickback saying he is wrong and hearts can and will sign him.

[Onion]

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Surprised it has taken the EEN so long.

@DavidJ_McCann: The Evening News today nails its colours to the mast in the Hearts takeover saga with a very strong front page.

so, they've finally woken up to fact that a lot of people have been ripped off by Hearts, who just want to walk away from their responsibilities - having seen the creditor's list ? EEN to become creditor's champion by any chance ?

[southsider]

Just received from HoM "inviting" me to purchase a corporate facility for our game for up to 6 people at £150 a pop. My reply was as follows " "see when you lot pay their taxes, pay the poppy fund and all your other creditors you may, if you wish, contact me. Until then just go back from under whichever rock you squirmed from under. GGTTH. "

[Onion]

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Aye, it looks like the Hearts Evening News will be in full Yam praise flow today.... A local rag that will make no difference to events in the grand scheme of things....

Just joining the begging to save them, whilst forgetting as usual that this city has 2 Premiership sides of roughly the same size...

Ohhhh sorry I got that wrong, of course the readership available to them through using the save Hearts angles is 400,000..... How silly of me....

Yam paper, always has been, always will be.... Even back in the day it's Saturday evening sports paper was closely coloured to compliment the turd wearers

Can you ever imagine this happening in Glasgow, with one of the OF clubs ?

[21.05.2016]

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Having a debate on fb with a friend who is a hearts fan and he still seems to think its just bad financial management at the club and that they havent cheated, makes me angry!!!

Typical yam, can't face the grim reality.

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Just received from HoM "inviting" me to purchase a corporate facility for our game for up to 6 people at £150 a pop. My reply was as follows " "see when you lot pay their taxes, pay the poppy fund and all your other creditors you may, if you wish, contact me. Until then just go back from under whichever rock you squirmed from under. GGTTH. "

Couldn't have put it better myself :jmcp::fenlon

[brog]

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Am I missing something here. Hearts owe 1.9mil to HMRC. I thought the "share issue" monies were meant to have cleared that debt

If it was not cleared then two things spring to mind

1/ Where did the money go to ?
2/ Why didn't HMRC put them into admin ?

Why are Hearts fans not banging Southerns door down demanding answers to the missing cash and questioning why he was spouting all the urine about being self sufficient when its quite evident now that they were merely robbing Peter to pay Paul.

I've been banging this drum for weeks & forecast months ago that HMRC would never see a penny of the penalty they imposed on Yams. If Vlad & cohorts, including Self-sufficient Southern, were not paying basic suppliers including hotels, travel companies & estate agents, they were never going to pay what they considered as an unfair penalty. I think CWG is probably correct as to where the money went but I continue to be astonished at the lack of reaction to what was essentially a fraudulent share issue. Southern was complicit in that venture. Even BDO in this week's document states that the 2012 share issue is not included "as share certificates were never issued"! It's staggering the ineptitude & lethargy of Yams support & MSM.

[Springbank]

Is there a case for reporting a potential fraud to police Scotland (involving a company who owed said law enforcement agency a lot of money that police Scotland will never see) then leaving it up to plod?

[Dalkeith]

http://www.edinburghnews.scotsman.co...quit-1-3027396

[robinp]

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http://www.edinburghnews.scotsman.co...quit-1-3027396

That's him telt, ken wit a mean!?

[Simkin911]

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http://www.edinburghnews.scotsman.co...quit-1-3027396

Very little focus on doing what is best for the creditors. Or do they really not matter any more?

[Gus Fring]

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http://www.edinburghnews.scotsman.co...quit-1-3027396

Crazy. Put aside for a minute that this supposedly a newspaper that doesn't have any allegiances, they are once again proving that they do not have any clue what is going on at Tynecastle.

The FoH bid is not only not enough in the first instance but an incredibly flawed business plan going forward. I think it's monumentally unlikely any deal will ever be done.

[OrdHibby]

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http://www.edinburghnews.scotsman.co...quit-1-3027396

great post by 'the ball is round'

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Crazy. Put aside for a minute that this supposedly a newspaper that doesn't have any allegiances, they are once again proving that they do not have any clue what is going on at Tynecastle.

The FoH bid is not only not enough in the first instance but an incredibly flawed business plan going forward. I think it's monumentally unlikely any deal will ever be done.

they've always had folk bail them out over the years and now all their little helpers hands are tied they are struggling to come to grips that some time in your life you need to wipe your own erse. They have continued to take hand outs and now they're on their own its everyone else's job to get the s**t off.
Well my ****my friends 'NAW IT'S NO'

Hurry up and shut that place down for the good of Edinburgh, Scotland and awe the we Kids that aren't safe while this institution is still breathing.

[YehButNoBut]

EEN trying to get the Yams on their side??

[Treadstone]

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Crazy. Put aside for a minute that this supposedly a newspaper that doesn't have any allegiances, they are once again proving that they do not have any clue what is going on at Tynecastle.

The FoH bid is not only not enough in the first instance but an incredibly flawed business plan going forward. I think it's monumentally unlikely any deal will ever be done.

For this reason I hope he does pull out. FoH don't have enough money. Liquidation.

Proud to say i have never bought this paper for years.

[OrdHibby]

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EEN trying to get the Yams on their side??

stopped buying the EEN a long time ago. Hawrts *****

[Pedantic_Hibee]

Absolute cringe.

[josef k]

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http://www.edinburghnews.scotsman.co...quit-1-3027396

Basically a cut and pasted FoH press release. The 'voice' of the article gets confused. At one point it talks about 'those fantastic supporters' then it switches to 'pass us by'.

The statement "The success or failure of clubs like Heart of Midlothian can have a huge impact on the wellbeing of their home city, both emotionally and financially." is riseable. The recent success of Hearts has certainly had a financial impact on the city (small business, charities, council etc not being paid). But the idea that the success of a business with an annual turn over of c£10 million makes much difference to the city's economy is laughable.

"for the good of Hearts, and the wider Edinburgh public" - yeah, Mrs Smith who is a pensioner in the South of the city and isn't interested in football (etc) will gain huge benefits if Massone steps aside.

"The sacrifice of both players and fans in the First World War in particular." Jesus.

[Ozyhibby]

This is FoH talking. They are basically saying they can't match Massone's bid and their only hope is for him to pull out. They can't come straight out and say that so they are doing it through the Evening News.
They are at the end of tge road as far as increasing their own bid.

[PapillonVert]

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EEN trying to get the Yams on their side??

Looks like they are beginning to panic. FoH have been told their offer is nowhere near good enough and know they can't go any further (i.e. maxed out on the credit card) and so now have to bring pressure any which way on the other bidder to withdraw to leave them with a clear field.

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This is FoH talking. They are basically saying they can't match Massone's bid and their only hope is for him to pull out. They can't come straight out and say that so they are doing it through the Evening News.
They are at the end of tge road as far as increasing their own bid.

Funny that, I just said summat along the same lines.....

[eezyrider]

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Having a debate on fb with a friend who is a hearts fan and he still seems to think its just bad financial management at the club and that they havent cheated, makes me angry!!!

Part of the bad financial management was buying players they couldn't afford with money they didn't have! They just don't get it, do they.

EZ

[BarneyK]

God that is just pathetic. Fair play though, Angelo, step aside old chap - oh liquidation is their preferred option clearly.