Share Transfers Agreed/Cooling off period

[steakbake]

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I also think there is more to come with players that were payed in Lithuania but played for hearts. No source just a hunch I have

Dual contract kind of stuff?

[MB62]

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I also think there is more to come with players that were payed in Lithuania but played for hearts. No source just a hunch I have

Is that an abbreviattion of 'pie eyed'? were the Yams on the bevy in Lithuania?

[Jack]

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Can't believe that gets more space than the chemical incident!

To be fair it was probably written then badly edited a few days ago with the intention of running it today.

The fact a couple of pesky tourists decided to take their own lives on the eve of the worlds largest arts festival in the building formerly occupied by the paper probably passed them by.

Maybe I could phone them now with the scoop :D

[Treadstone]

Unashamedly stolen from facebook.

[YehButNoBut]

Have just stopped laughing at this article from Hearts website in 2009, especially the section copied below.

Warning - anyone reading it may end up with sore sides.

http://www.heartsfc.co.uk/articles/2...241384_1902130

"Our positive funding arrangement means that it is our own Group that finances Hearts and not external financial institutions. We therefore do not consider this as "real" debt - in simple terms, we owe the money to ourselves as Hearts is owned by UBIG."

[robinp]

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Have just stopped laughing at this article from Hearts website in 2009, especially the section copied below.

Warning - anyone reading it may end up with sore sides.

http://www.heartsfc.co.uk/articles/2...241384_1902130

"Our positive funding arrangement means that it is our own Group that finances Hearts and not external financial institutions. We therefore do not consider this as "real" debt - in simple terms, we owe the money to ourselves as Hearts is owned by UBIG."

edit: Love the photo on that article too:

"Pleasing"

Hey Mikey and Admin - Can you have this quote as a default signature for all users, regardless of allegiances?

[brog]

Can I confess I was one of the sceptics on here who thought we would never actually see a letter from Sidney! Little did I know he was busy writing the EEN front page editorial!! Congrats Sidney, that's a stonker!!!

[Hibercelona]

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Have just stopped laughing at this article from Hearts website in 2009, especially the section copied below.

Warning - anyone reading it may end up with sore sides.

http://www.heartsfc.co.uk/articles/2...241384_1902130

"Our positive funding arrangement means that it is our own Group that finances Hearts and not external financial institutions. We therefore do not consider this as "real" debt - in simple terms, we owe the money to ourselves as Hearts is owned by UBIG."

Somebody should make a copy of that legendary site, before it gets shut down along with the club.

[bodoglimt]

Make sure this link isnt forgotten about
http://news.stv.tv/east-central/1073...-newco-in-spl/
Some comedy gold

[Gus Fring]

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Unashamedly stolen from facebook.

There's a great scene in The Damned United where that quote comes up. I wish every football manager had this attitiude

[robinp]

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Make sure this link isnt forgotten about
http://news.stv.tv/east-central/1073...-newco-in-spl/
Some comedy gold

Well Said Mr Romanov:

"As regards the club itself, we can only express our deepest condolences to its supporters, who have been lied to for so many years.
....
Mr Romanov added: "Supporters deserve a new beginning and have to accept the fact that their club has to start from the lower league, keeping order in the SPL and without creating unfair competition with other clubs."

[Ozyhibby]

Ignoring the frozen shares issue (everyone else is), it is clear that FoH have reached the limit of what they can offer and that it's not enough.
Why do they not amend their bid and make it for the club only?
That way they retain their history and SPFL prem status.
The route they are taking could see them lose everything.

[lord bunberry]

It beggars belief that they have brought up the first world war again, have they no shame?

[BarneyK]

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It beggars belief that they have brought up the first world war again, have they no shame?

You would imagine that those folks long departed would be absolutely spinning in their graves at the way the Yams have gone about things. A long, long way from that club they knew.

[Dunderhall]

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Ignoring the frozen shares issue (everyone else is), it is clear that FoH have reached the limit of what they can offer and that it's not enough.
Why do they not amend their bid and make it for the club only?
That way they retain their history and SPFL prem status.
The route they are taking could see them lose everything.

That may well be plan B, but they would lose a good number of pledges IMO.
Keep the illusion going as long as possible.

[rcarter1]

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That may well be plan B, but they would lose a good number of pledges IMO.
Keep the illusion going as long as possible.

That sounds about right. I suspect they will end up taking a mortgage or something to tide themselves over, but I suppose it makes no sense to alarm the Hearts fans, rather keep the next delusion going "We're gonna be debt free!!". They love a delusion that lot..

[CraigHibee]

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It beggars belief that they have brought up the first world war again, have they no shame?

how ironic that they won the war but cant pay for poppies!

[steakbake]

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how ironic that they won the war but cant pay for poppies!

It's not so much that they couldn't, it's more that they didn't because the money was presumably lining the pockets of either their owners or overpaid star players.

[jacomo]

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It beggars belief that they have brought up the first world war again, have they no shame?

Nope. Leaving the tax payer out of pocket in both Scotland and Lithuania (thereby denying funds to the armed forces and other services) is what all respectful, war-winning organisations do.

The Yams brought this on themselves. They didn't have to allow Romanov in to start with, and then they refused countless opportunities to organise against him during his tenure.

When we pointed out the trouble they were in, it was met by 'we owe it to ourselves' and 'youse are just bitter Hobos'.

Not surprising some are playing the victim card now, but it is quite wrong.

[Dunderhall]

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That sounds about right. I suspect they will end up taking a mortgage or something to tide themselves over, but I suppose it makes no sense to alarm the Hearts fans, rather keep the next delusion going "We're gonna be debt free!!". They love a delusion that lot..

FoH are pretty good at illusion as well.
Their opening gambit was pledge, you'll own the club, we'll be debt free and your money will be used as extra cash to help the club.

Now it's your cash will be used to pay off the debt to buy the club, oh and there is the 500K football debt.
6000 pledges was enough to buy the club at one point remember.

Ive not seen anyone state (BDO mainly) say that they have to capital to fund them til Feb if they remained in admin that long.
FoH could have had the best part of a years pledges by then but chose not to.
Christmas present raffle anyone?

[Hibby Kay-Yay]

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That sounds about right. I suspect they will end up taking a mortgage or something to tide themselves over, but I suppose it makes no sense to alarm the Hearts fans, rather keep the next delusion going "We're gonna be debt free!!". They love a delusion that lot..

A mortgage secured on what though?

[rcarter1]

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A mortgage secured on what though?

Id presume if they were to take a mortgage on Tynecastle they could raise a few million?

[Kojock]

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Id presume if they were to take a mortgage on Tynecastle they could raise a few million?

The original comment was for FOH to amend their bid and buy the CLUB only. So they wouldn't be able to mortgage the Asbestos Arena.

[Eyrie]

I think BDO said that they would be able to make it through to Christmas, presumably because once the season starts they will receive money from the SPL in addition to the normal ticket money. I assumed that meant that they were hoping to have sold the Yams by then, meaning that funding for the second half of the season would be the responsibility of the new owner, but Birch's comments yesterday about them still being in administration in February seems to rule that out.

I'll make a bold prediction. Massone is the only one offering enough hard cash up front to satisfy the secured creditor. He'll then offer the club to Save Hearts In Trouble for a nominal sum because he has no interest in a football team and this avoids the fit and proper person test. And he'll offer to let them play rent free at the PBS for a couple of seasons providing they support his planning application for housing, because he knows that they have nowhere else to go and with the main supporters group muzzled, the process will be quicker.

End result is a financially restricted Yams surviving on bake sales and any DDs that haven't been cancelled as they groundshare at Livingston and play in the lower divisions.

[rcarter1]

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The original comment was for FOH to amend their bid and buy the CLUB only. So they wouldn't be able to mortgage the Asbestos Arena.

Apologies, Im clearly misunderstanding the situation. If they do that and relinquish Tynecastle are they planning to groundshare?

[Hibby Kay-Yay]

Unlikely they can afford the ground and the club though. If they go for just the club a mortgage is highly unlikely as is any loan.

[Eyrie]

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Unlikely they can afford the ground and the club though. If they go for just the club a mortgage is highly unlikely as is any loan.

They wouldn't need a mortgage for the club - weren't Huns RIP sold for a quid?

[steakbake]

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A mortgage secured on what though?

Delusions...

[rcarter1]

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Delusions...

[greenginger]

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Have just stopped laughing at this article from Hearts website in 2009, especially the section copied below.

Warning - anyone reading it may end up with sore sides.

http://www.heartsfc.co.uk/articles/2...241384_1902130

"Our positive funding arrangement means that it is our own Group that finances Hearts and not external financial institutions. We therefore do not consider this as "real" debt - in simple terms, we owe the money to ourselves as Hearts is owned by UBIG."

Could the words not be used on a Yam Epitaph Stone behind the East.