Share Transfers Agreed/Cooling off period

[carnoustiehibee]

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If they manage to stay up is that not a matter of fair play to them for coming through such a **** storm? Staying up would be an absolutely huge achievement whether we like it or not.

Yeh lets give them a big pat on the back if they stay up. Congratulations to the team who have cheated for the best part of ten years with romanov and get away with a 15point deduction.

If that's the only punishment then cheats do prosper.

[WhileTheChief..]

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£25m of debt shed. Fair play indeed.

I'm talking about the points deduction and making that up with the squad they have.

In no way am I suggesting that shedding debt via admin is fair play in any way but it is the law of the land.

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If that's the only punishment then cheats do prosper.

Totally agree.

[RoYO!]

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If they manage to stay up is that not a matter of fair play to them for coming through such a **** storm? Staying up would be an absolutely huge achievement whether we like it or not.

I'm not sticking up for them, but they've had the punishments that the rules permit.

I totally understand the clamour on here for them to be liquidated, that's what rivals do, but have a look around, no one else apart from Hibs fans appear to want them dead and buried.

I think they've pretty much moved past the worse now and if they have a couple of backers to front the CVA then so be it. Whether these backers ever get their money back from kiddy-on pledges is a different matter altogether and the chances are that that debt will go unpaid too.

One they're out of admin they will be able to operate on roughly the same level as us but will be starting from a pretty low point squad wise.

To me the critical element in all of this is Tynecastle. I can see FOH buying Hearts but having to rent the stadium back.
A kinda win - win for both Hearts and Hibs fans??!!

I've spoken to plenty of fans from other teams and they all want them dead. Is that a stab in the dark at a fact? Or have you been looking at polls on other sites?

[Spike Mandela]

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If they manage to stay up is that not a matter of fair play to them for coming through such a **** storm? Staying up would be an absolutely huge achievement whether we like it or not.

I'm not sticking up for them, but they've had the punishments that the rules permit.

I totally understand the clamour on here for them to be liquidated, that's what rivals do, but have a look around, no one else apart from Hibs fans appear to want them dead and buried.

I think they've pretty much moved past the worse now and if they have a couple of backers to front the CVA then so be it. Whether these backers ever get their money back from kiddy-on pledges is a different matter altogether and the chances are that that debt will go unpaid too.

One they're out of admin they will be able to operate on roughly the same level as us but will be starting from a pretty low point squad wise.

To me the critical element in all of this is Tynecastle. I can see FOH buying Hearts but having to rent the stadium back.
A kinda win - win for both Hearts and Hibs fans??!!

Yip let's congratulate them for shafting people for over £20m, another roaring success in the Scottish football administration lottery. Thieving tramps.

[WhileTheChief..]

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Yip let's congratulate them for shafting people for over £20m, another roaring success in the Scottish football administration lottery. Thieving tramps.

Nah, that's not what I'm saying.

Put everything else aside for a minute, what I'm talking about here is purely the squad of players and manager.

This is a team that pretty much everyone here agrees is the worst Hearts team in decades going by the aftermath of the derby and are stick ons for relegation.

Does that not suggest that staying up would be an achievement, however rotten it would be.

[Sanger]

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Yeh lets give them a big pat on the back if they stay up. Congratulations to the team who have cheated for the best part of ten years with romanov and get away with a 15point deduction.

If that's the only punishment then cheats do prosper.

What about the £22m of debt before Romanov came along that they could not pay back and had agreed to sell Tynie to house builders so that they could survive. Been cheating for years!

[CropleyWasGod]

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The CVA has already been provisionally agreed so it's likely that it will go through. I think the bit in bold is unlikely though. I don't know if by "they" you mean UKIO's admin or the government but as i've said in the past, I haven't heard a convincing reason for why a potentially significant part of Vlads empire would be allowed to be cut loose?

It hasn't.

All that has been agreed is that BDO can continue on the path they originally proposed. UKIO voted for that, UBIG didn't. If that was reflected in the actual CVA process, the CVA wouldn't pass.

As PTS says, nothing has really changed.

[clerriehibs]

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If they manage to stay up is that not a matter of fair play to them for coming through such a **** storm? Staying up would be an absolutely huge achievement whether we like it or not.

I'm not sticking up for them, but they've had the punishments that the rules permit.

I totally understand the clamour on here for them to be liquidated, that's what rivals do, but have a look around, no one else apart from Hibs fans appear to want them dead and buried.

I think they've pretty much moved past the worse now and if they have a couple of backers to front the CVA then so be it. Whether these backers ever get their money back from kiddy-on pledges is a different matter altogether and the chances are that that debt will go unpaid too.

One they're out of admin they will be able to operate on roughly the same level as us but will be starting from a pretty low point squad wise.

To me the critical element in all of this is Tynecastle. I can see FOH buying Hearts but having to rent the stadium back.
A kinda win - win for both Hearts and Hibs fans??!!

Fair play to them? Back room staff still not being paid.

**** them. They stay up, it's still via foul means.

[Dashing Bob S]

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It hasn't.

All that has been agreed is that BDO can continue on the path they originally proposed. UKIO voted for that, UBIG didn't. If that was reflected in the actual CVA process, the CVA wouldn't pass.

As PTS says, nothing has really changed.

Yes, people are getting a little excited over nothing. It's hardly surprising that BDO have named FOH as the preferred bidder, as they were effectively the ONLY bidders. The others were either not serious and/or most likely about blatant asset-stripping in the form of land seizure.

A win against a terrible Hibs team might have helped them paper over the cracks and thrown us all into despondency, but it should be remembered that Hearts were garbage too last Sunday, and with Stevenson out they are only going to get weaker.

The club is in serious trouble, and their fate is completely out of their hands. As horrible as it is to be a Hibs fan right now, I certainly wouldn't want to be trading places with them.

[joe breezy]

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Yes, people are getting a little excited over nothing. It's hardly surprising that BDO have named FOH as the preferred bidder, as they were effectively the ONLY bidders. The others were either not serious and/or most likely about blatant asset-stripping in the form of land seizure.

A win against a terrible Hibs team might have helped them paper over the cracks and thrown us all into despondency, but it should be remembered that Hearts were garbage too last Sunday, and with Stevenson out they are only going to get weaker.

The club is in serious trouble, and their fate is completely out of their hands. As horrible as it is to be a Hibs fan right now, I certainly wouldn't want to be trading places with them.

This

[johnrebus]

Nothing has changed.

FOH are an irrelevance. Their back of a fag packet bid will never be taken seriously by the Lithuanians.


However, they will be aware of BDO fees accumulating and will shortly push for liquidation.


Goodbye Hearts.

[Waxy]

Say they somehow do get the CVA to go through.
Probably around 20p inthe pound.
What then, they wont have a bolt.
How can they run a club with a few thousand putting in DDs every month?
There has to be a masterplan here.
I reckon they are only here to get them out debt free.
They will then sell a controlling percentage to persons capable of running a FC.slimy cheatin .....,.,

[Geo_1875]

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Say they somehow do get the CVA to go through.
Probably around 20p inthe pound.
What then, they wont have a bolt.
How can they run a club with a few thousand putting in DDs every month?
There has to be a masterplan here.
I reckon they are only here to get them out debt free.
They will then sell a controlling percentage to persons capable of running a FC.slimy cheatin .....,.,

Any capital they have will disappear to settle the CVA. The pledges will be used to repay that and also any football debts. Any thing left will be needed to pay running costs until they can start selling next year's season tickets. Even if they have sell outs for the rest of the season there will be a huge shortfall. I can see the Evening News running weekly rallying calls to the faithful.

[Onion]

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If they manage to stay up is that not a matter of fair play to them for coming through such a **** storm? Staying up would be an absolutely huge achievement whether we like it or not.

IMHO if they manage to stay up AND keep Tynie, the Vlad Years will have been an outright success - perhaps the biggest coup in Scottish Football. Seven years ago they were in £20M debt and about to lose their ground. Instead they will have had £70M of funding that bought them some top players/teams, two Scottish Cups, 4-0, 5-1, and two Euro ties against top EPL opposition. And they come out the other side debt free. It would make an utter mockery of all other business models

[Steve20]

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IMHO if they manage to stay up AND keep Tynie, the Vlad Years will have been an outright success - perhaps the biggest coup in Scottish Football. Seven years ago they were in £20M debt and about to lose their ground. Instead they will have had £70M of funding that bought them some top players/teams, two Scottish Cups, 4-0, 5-1, and two Euro ties against top EPL opposition. And they come out the other side debt free. It would make an utter mockery of all other business models

Unfortunately, that's exactly what I think will happen.

[#FromTheCapital]

Can't understand all the negativity on this thread recently. Nothing has changed really, hearts are still in a bad way. Amazing how a 1-0 defeat to them suddenly means they're going to survive and stay up.

[greenginger]

http://www.bbc.co.uk/sport/0/football/23491885When any feelings of doubt set in read this and other reports from 2 weeks ago. Preferred bidder status just means the FoH bid has a bigger gap to bridge than the previous top bid by Massone.What ever happened to the new land valuation. I know it was to be confidential but I would have thought there would have been some reference to it making or not making any difference to the amount acceptable to the Lith. Admin.

[Part/Time Supporter]

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Unfortunately, that's exactly what I think will happen.

You have zero credibility on this issue. I could drag up literally dozens of posts by you along the lines of "administration will never happen".

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IMHO if they manage to stay up AND keep Tynie, the Vlad Years will have been an outright success - perhaps the biggest coup in Scottish Football. Seven years ago they were in £20M debt and about to lose their ground. Instead they will have had £70M of funding that bought them some top players/teams, two Scottish Cups, 4-0, 5-1, and two Euro ties against top EPL opposition. And they come out the other side debt free. It would make an utter mockery of all other business models

Presumably if it was such a success, they would seek to repeat it?

[green with envy]

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You have zero credibility on this issue. I could drag up literally dozens of posts by you along the lines of "administration will never happen".

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Presumably if it was such a success, they would seek to repeat it?

As could I and that goes for the Bounce too.

@ Steve 20, why do you think this?

[MADE IN LEITH]

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You have zero credibility on this issue. I could drag up literally dozens of posts by you along the lines of "administration will never happen".



Presumably if it was such a success, they would seek to repeat it?

I have nothing but contempt for football ethics because they cease to exist in my opinion. Clubs go into Administration too often and seem to get away with it. They flout with the processes in place and more than likely come out with a clean sheet. For me, a 15 point punishment is not enough. There really has to be something done to stop this reckless behavior in football and the powers that be should be proactive rather than reactive to clubs who are reckless with their financial structure and don't live within their means.

[Twa Cairpets]

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I have nothing but contempt for football ethics because they cease to exist in my opinion. Clubs go into Administration too often and seem to get away with it. They flout with the processes in place and more than likely come out with a clean sheet. For me, a 15 point punishment is not enough. There really has to be something done to stop this reckless behavior in football and the powers that be should be proactive rather than reactive to clubs who are reckless with their financial structure and don't live within their means.

Actually, the only team I can think of off the top of my head that has done well after being in administration is Motherwell. There may be others but most of those that have gone this way have been in trouble for years - think Portsmouth, Livi, Dundee and Coventry.
Not saying football is ethical by the way, just that administration isn't a footballing panacea

[CropleyWasGod]

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Say they somehow do get the CVA to go through.
Probably around 20p inthe pound.
What then, they wont have a bolt.
How can they run a club with a few thousand putting in DDs every month?
There has to be a masterplan here.
I reckon they are only here to get them out debt free.
They will then sell a controlling percentage to persons capable of running a FC.slimy cheatin .....,.,

It will not be 20p in the £.

The BDO report says it will be Nil, nothing, nada, to unsecured creditors.

[may 21/05/2016]

Taxman shafted again

Sent from my HTC One X+ using Tapatalk 4

[MADE IN LEITH]

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Actually, the only team I can think of off the top of my head that has done well after being in administration is Motherwell. There may be others but most of those that have gone this way have been in trouble for years - think Portsmouth, Livi, Dundee and Coventry.
Not saying football is ethical by the way, just that administration isn't a footballing panacea

Your right mate, but a lot of other clubs who even haven't entered into Administation have done no better either, hence on balance what have reckless clubs who take chances got to loose.

[Simkin911]

Nothing has really changed has it? They still have to satisfy the Liths re the land security, pay BDO fees, pay outstanding footy debts. That means up front a minimum of say, £5.25m to buy. (Conservatively based on £4.5m, £££220k and £530k). FOH will also have their own legal costs.

Then future and ongoing funding for this season and beyond. We also have an idea of the annual bill to maintain their ramshackle stadium. It's not a pretty picture unless they have several million in up front donations from folk not looking for cash back.

[JeMeSouviens]

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IMHO if they manage to stay up AND keep Tynie, the Vlad Years will have been an outright success - perhaps the biggest coup in Scottish Football. Seven years ago they were in £20M debt and about to lose their ground. Instead they will have had £70M of funding that bought them some top players/teams, two Scottish Cups, 4-0, 5-1, and two Euro ties against top EPL opposition. And they come out the other side debt free. It would make an utter mockery of all other business models

It's not exactly been a great business model for Vlad, has it?

Although so called "Financial Fair Play" might change it, there has been absolutely nothing to stop anyone with money (or in their case, access to an easy line of credit) pouring money into a football club. They cheated at the end when it was clear the money had dried up but they kept on signing/didn't cut back to anything like a reasonable level of spending but when the good times were rolling, they were just doing what the structure of our professional football allowed.

Although we were unlucky our rivals found a rich moron in the short term, it's not done much for their long term outlook. Imagine if that £70M had cleared the debt, fully upgraded their stadium and still left over enough to easily make them the next richest wage bill after Celtc. We got off pretty lightly.

[YehButNoBut]

Sounds like HMFC may have came back with a new bid, but has been turned down.

Barry Anderson ‏@BarryAnderson_8 On reports of new #HMFC bid, BDO say: "We will not be considering any more bids for #Hearts because the preferred bidder has been announced"

[johnrebus]

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Actually, the only team I can think of off the top of my head that has done well after being in administration is Motherwell. There may be others but most of those that have gone this way have been in trouble for years - think Portsmouth, Livi, Dundee and Coventry.
Not saying football is ethical by the way, just that administration isn't a footballing panacea

You can add Leeds United, Crystal Palace, Southampton, Charlton, Luton Town, Aldershot, Wrexham, Cambridge United and a couple of dozen others to that list.

Only Palace and Southampton have really made it back to anywhere near what they were before.

:

[Dashing Bob S]

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It's not exactly been a great business model for Vlad, has it?[/B]

Although so called "Financial Fair Play" might change it, there has been absolutely nothing to stop anyone with money (or in their case, access to an easy line of credit) pouring money into a football club. They cheated at the end when it was clear the money had dried up but they kept on signing/didn't cut back to anything like a reasonable level of spending but when the good times were rolling, they were just doing what the structure of our professional football allowed.

Although we were unlucky our rivals found a rich moron in the short term, it's not done much for their long term outlook. Imagine if that £70M had cleared the debt, fully upgraded their stadium and still left over enough to easily make them the next richest wage bill after Celtc. We got off pretty lightly.

I doubt it was ever intended to be, or for Hearts themselves. There's a reason why a warrant has been issued for his arrest and that he's on the run from the authorities. I think the ongoing criminal investigations on where the money came from that was put through Hearts to pay for those salaries, are potentially far more damaging for the club than anything we have seen so far. It's daft to speculate, but here's what I think will happen.

Scenario One
1. FOH named preferred bidder.
2. Bid dismissed by Lithuanians as too low.
3. Hearts proceed to liquidation, or another appeal to fans results in upped bid, which fails - Hearts proceed to liquidation.

Scenario Two
1. FOH named preferred bidder.
2. Lithuanians unable to accept/reject "at present moment in time" due to frozen assets/pending investigations etc
3. Hearts carry on in administration.
4. Hearts hit cash flow problems before Christmas - enforced liquidation.

I think there will be a request from Lithuanian government and police authorities, in cooperation with UK police and tax officials (not happy at being bumped) to examine all financial and legal documents held by and relating to the club covering the tenure of Romanov, and the possible questioning of all Hearts directors over this period to determine what they knew about the sources of the finance for the inflated player contracts.

Many people are being a little taken in by the local media perspective and looking to see an end game to Hearts problems. I'm a glass is half-full man, and I really believe that these problems are only just beginning.

[MADE IN LEITH]

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You can add Leeds United, Crystal Palace, Southampton, Charlton, Luton Town, Aldershot, Wrexham, Cambridge United and a couple of dozen others to that list.

Only Palace and Southampton have really made it back to anywhere near what they were before.

:

Sure, but many half decent clubs in the first place have done quite well and clawed their way back and on the face of it, clubs which were never going to win leagues etc anyway are probably rightly were they are just now even after administration.

Let's face it, once Rangers come back to the Scottish Premiership, it won't be long until they start winning things again. Though this is an exception to the rule.