Share Transfers Agreed/Cooling off period

[portycabbage]

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No argument from me on this, I can't stand them and hope they get what the so rightly deserve. They do not deserve to be in the Scottish game never mind Division 1. They have not only brought the game into disrepute but they have also made a laughing stock of the Scottish game and thrown it further into the doldrums.

I know I won't loose any sleep if they never besmirch a football pitch ever again.

Clubs like that mob we can do without.

Adios, ciao goodbye, auf wiedersehen and good riddance to bad rubbish.

GGTTH

Fixed that for you!

[MADE IN LEITH]

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Fixed that for you!

LOL

[macca70]

So we know they have over 6000 pledges but how much does that equate to.

What a massive kick in the teeth to the creditors, they get a fraction of what they are due whilst the club starts to rake in 6000 x £50 per month = £300,000 per month.

I really can't come to terms with how this can be allowed. If they can't clear their debt in full, why should they be allowed to carry on trading.

Why don't we just do the same?! Buy a £1 million player then bump the £1 million loan we take out to fund the transfer fee.

[CropleyWasGod]

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So we know they have over 6000 pledges but how much does that equate to.

What a massive kick in the teeth to the creditors, they get a fraction of what they are due whilst the club starts to rake in 6000 x £50 per month = £300,000 per month.

I really can't come to terms with how this can be allowed. If they can't clear their debt in full, why should they be allowed to carry on trading.

Why don't we just do the same?! Buy a £1 million player then bump the £1 million loan we take out to fund the transfer fee.

For one thing, i don't think that every pledger will be giving £50 per month.

For another, it's not "raking in". Once this season is over, that money would be going to pay off the club's debt to those who would be financing the buying of the club.

[Dunderhall]

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So we know they have over 6000 pledges but how much does that equate to.

What a massive kick in the teeth to the creditors, they get a fraction of what they are due whilst the club starts to rake in 6000 x £50 per month = £300,000 per month.

I really can't come to terms with how this can be allowed. If they can't clear their debt in full, why should they be allowed to carry on trading.

Why don't we just do the same?! Buy a £1 million player then bump the £1 million loan we take out to fund the transfer fee.

It's about £19 average apparently, you would think the more recent pledgers are at the bottom end.
It's the admin process that allows them to dump the debt, but as others have said if they manage it then it won't be the hearts of old and a lot of their core support will struggle to grasp this.

If they do come out of admin, relegation or not makes a huge difference to them.
Season ticket prices either down or buyers much reduced. Away support income slashed.
sponsorship down, commercial income down, TV money maybe for game at home against the newco as they will be on most.

They will be paying off the debt for 5-6 years say, and having to be self sufficient. If it pans out its still a big hit for them. There is no guarantee they would come up at the first time of asking.

[AinsterHibs]

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Whats all this "if they pull it off good luck to them" p1sh!?!? They are a shower of thieving, cheating, lying, ****bags, total filth from top to bottom as a club. **** them and i hope they get what they deserve and that is liquidation and years struggling to compete. I hope these comments coming from Hibbies is not a sign of a softening of attitudes towards them

Absolutely, death is dishonourable for the yak. Blend them, slice them, then send them to the winds of pain.

[macca70]

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For one thing, i don't think that every pledger will be giving £50 per month.

For another, it's not "raking in". Once this season is over, that money would be going to pay off the club's debt to those who would be financing the buying of the club.

I doubt every pledger is paying £50 per month but I bet there are a fair few paying more than that and they seem to be indicating that its nearer 7000 pledgers and still rising so say the average pledge is £30 per month, that's 7000 x £30 = £210,000 per month.

So the folk buying the club will be getting repaid but some of the creditors that have provided them with goods or services will be lucky to get a few pence in the pound they are due. Absolute disgrace .

[BH Hibs]

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Whats all this "if they pull it off good luck to them" p1sh!?!? They are a shower of thieving, cheating, lying, ****bags, total filth from top to bottom as a club. **** them and i hope they get what they deserve and that is liquidation and years struggling to compete. I hope these comments coming from Hibbies is not a sign of a softening of attitudes towards them

In a nutshell mate

[YehButNoBut]

Pinched this from the EN forum as thought it was an excellent summing up of the situation.

Let me explain . .

The money raised by FANCO will be paid directly into BANKO.

BIDCO will then pay BDO and non-CVACO.

BIDCO will also pay NEW STANDCO, STAFFCO, probably COSTCO until BANKO says NONO.

BIDCO will urgently want FANCO to pay MOREDO.

BIDCO will sell STADCO to FLATSCO.

FANSCO will be up the creek without a COCO.

FoH will be told to FO.

So you've been TOLDSO.

[macca70]

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Pinched this from the EN forum as thought it was an excellent summing up of the situation.

Let me explain . .

The money raised by FANCO will be paid directly into BANKO.

BIDCO will then pay BDO and non-CVACO.

BIDCO will also pay NEW STANDCO, STAFFCO, probably COSTCO until BANKO says NONO.

BIDCO will urgently want FANCO to pay MOREDO.

BIDCO will sell STADCO to FLATSCO.

FANSCO will be up the creek without a COCO.

FoH will be told to FO.

So you've been TOLDSO.

Ha ha, Brilliant.

[CropleyWasGod]

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I doubt every pledger is paying £50 per month but I bet there are a fair few paying more than that and they seem to be indicating that its nearer 7000 pledgers and still rising so say the average pledge is £30 per month, that's 7000 x £30 = £210,000 per month.

So the folk buying the club will be getting repaid but some of the creditors that have provided them with goods or services will be lucky to get a few pence in the pound they are due. Absolute disgrace .

Only one, perhaps two, of the creditors will be getting anything. The rest won't get anything.

[Coco Bryce]

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Pinched this from the EN forum as thought it was an excellent summing up of the situation.

Let me explain . .

The money raised by FANCO will be paid directly into BANKO.

BIDCO will then pay BDO and non-CVACO.

BIDCO will also pay NEW STANDCO, STAFFCO, probably COSTCO until BANKO says NONO.

BIDCO will urgently want FANCO to pay MOREDO.

BIDCO will sell STADCO to FLATSCO.

FANSCO will be up the creek without a COCO.

FoH will be told to FO.

So you've been TOLDSO.

Forgot Tesco.

Fanastico though.

[macca70]

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Forgot Tesco.

Fanastico though.

It's certainly a FIASCO, with their fans going LOCO. Certainly not looking FANTASTICO or too MAGNIFICO if yer a Yam.

[jacomo]

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It's about £19 average apparently, you would think the more recent pledgers are at the bottom end.
It's the admin process that allows them to dump the debt, but as others have said if they manage it then it won't be the hearts of old and a lot of their core support will struggle to grasp this.

If they do come out of admin, relegation or not makes a huge difference to them.
Season ticket prices either down or buyers much reduced. Away support income slashed.
sponsorship down, commercial income down, TV money maybe for game at home against the newco as they will be on most.

They will be paying off the debt for 5-6 years say, and having to be self sufficient. If it pans out its still a big hit for them. There is no guarantee they would come up at the first time of asking.

They'll have the Hun derby to look forward to in the 'Championship' next season, if they do go down.

Unfortunately, a recent result against another SPFL club has given them a glimmer of hope they can escape relegation.

[YehButNoBut]

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They'll have the Hun derby to look forward to in the 'Championship' next season, if they do go down.

Unfortunately, a recent result against another SPFL club has given them a glimmer of hope they can escape relegation.

Hopefully their next 4 games will remove that glimmer, they have Aberdeen (H), ICT (A), Celtic (H) & Ross C (A) strong possibility they will get nothing from that lot which will knock the stuffing out of them and leave them well & truly anchored at the bottom.

Will help our cause if we pick up a few points at the same time.

[Dunderhall]

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They'll have the Hun derby to look forward to in the 'Championship' next season, if they do go down.

Unfortunately, a recent result against another SPFL club has given them a glimmer of hope they can escape relegation.

I did say that will be their time for TV.
Only time will tell regarding their league position regardless of where they are just now.
However if they did survive admin, relegation or not will be critical to their recovery.

[FranckSuzy]

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Wonder when the Evening News will give Hibs some free/ cheap advertising, perhaps for our charitable foundation, or the Leith Links initiative?

@The_FoH: Just had more good news. In support of #FOH @edinburghpaper plans to run ANOTHER full page advert in tomorrow's sports section. Magnificent!

Cheers A!

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http://leithlinks4kids.com/

https://www.facebook.com/LeithLinks4Kids

I.

[hibees 7062]

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Hopefully their next 4 games will remove that glimmer, they have Aberdeen (H), ICT (A), Celtic (H) & Ross C (A) strong possibility they will get nothing from that lot which will knock the stuffing out of them and leave them well & truly anchored at the bottom.

Will help our cause if we pick up a few points at the same time.

Should be an interesting game One Broonie will be looking forward to

[HUTCHYHIBBY]

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Whats all this "if they pull it off good luck to them" p1sh!?!? They are a shower of thieving, cheating, lying, ****bags, total filth from top to bottom as a club. **** them and i hope they get what they deserve and that is liquidation and years struggling to compete. I hope these comments coming from Hibbies is not a sign of a softening of attitudes towards them

I concur.

[The Green Goblin]

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Ian Murray is just the "face" of FOH. He doesn't have any responsibilities to the bid financially. He remains "independent"..

Like....."self sufficient" independent?

[HibeesLA]

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I doubt every pledger is paying £50 per month but I bet there are a fair few paying more than that and they seem to be indicating that its nearer 7000 pledgers and still rising so say the average pledge is £30 per month, that's 7000 x £30 = £210,000 per month.

So the folk buying the club will be getting repaid but some of the creditors that have provided them with goods or services will be lucky to get a few pence in the pound they are due. Absolute disgrace .

Nope, it'll be £51

[Moulin Yarns]

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Nope, it'll be £51

Did anybody else notice that their Direct Debit figures excluded £70 and £62

[Hibby Kay-Yay]

All us peg selling hobo's are forgetting that this BIDCO and FANCO deal is a "win-win" (Ian I'm an MP Murray) and that they'll soon be "back to where we should be in Scottish football"

Die diet huns die

[KdyHby]

Mate's cousin is cancelling his £10 dd to FOH/FANCO claiming he can no longer afford it

[Treadstone]

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Mate's cousin is cancelling his £10 dd to FOH/FANCO claiming he can no longer afford it

Hibby or Yam ?

[Www1875hfc]

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Mate's cousin is cancelling his £10 dd to FOH/FANCO claiming he can no longer afford it

Next door neighbour cancelled his as well,told me yesterday his missus was giving him jip.

[#FromTheCapital]

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Mate's cousin is cancelling his £10 dd to FOH/FANCO claiming he can no longer afford it

I was forced to make the same heart wrenching decision with my £100 a month, gutted I really am

[Treadstone]

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I was forced to make the same heart wrenching decision with my £100 a month, gutted I really am

FTC, have you considered the £51 option ?

[Bostonhibby]

Brother in law never followed through on his "pledge" he is one of those who thought making it then pulling out after they are "saved" was the way to do it!
Shame as the money would have compensated for the games he never goes to.
I suspect there will be many with a similar view to him.

[greenginger]

http://www.15min.lt/en/article/busin...nth-527-362233

This is a better translation of yesterday's statement by the Ukio Bankas administrator published by the Baltic News Service.

The Lith. admin does not seem to agree with the decision to make FoH preferred bidders so , as we saw with DeadCo, things can still be changed.

Anyway, end of the month, not too long until Judgement Day !