Share Transfers Agreed/Cooling off period

[monktonharp]

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Alan works tirelessly for Hearts and to be honest he deserves some kind of recognition - he's also a top bloke.

Thinks he's a footballer but he's got two left feet :-)

Putting rivalries aside I'll happily congratulate him when I see him next.

setting rivalries aside, I will wish the whole of hmofc, the very best of bad luck for the remainder of this season and next. sorry to rain on your parade.those scroats have had their fair share of the good luck, for years now and you can not deny that, whether the guy is a buddy of yours or not.

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I'm wondering how or why the £38k was in the hearts bank account in the first place.

34 grand. don't exagerate

[Sanger]

The three year scheme will increase the demand for new houses pushing the value of development sites up together with the rebound in the UK economy. Makes even more unlikely the Liths will accept FOH's offer.

[marti1875]

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The three scheme will increase the demand for new houses pushing the value of development sites up together with the rebound in the UK economy. Makes even more unlikely the Liths will accept FOH's offer.

Yes, all very well.....but will the Liths even see this report though. maybe someone who knows where to contact them can bring this to light!

[JeMeSouviens]

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Yes, all very well.....but will the Liths even see this report though. maybe someone who knows where to contact them can bring this to light!

Knock yourself out ...

http://www.valnetas.lt/kontaktai2

[weonlywon6-2]

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The three year scheme will increase the demand for new houses pushing the value of development sites up together with the rebound in the UK economy. Makes even more unlikely the Liths will accept FOH's offer.

If they were going to accept the offer they could have done it by now

[s.a.m]

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Knock yourself out ...

http://www.valnetas.lt/kontaktai2

Incidentally, I notice that the "Bankroto iškėlimo data" (which Google has translated as "bankruptcy opening date"), is given as 02/05/13.

[clerriehibs]

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Incidentally, I notice that the "Bankroto iškėlimo data" (which Google has translated as "bankruptcy opening date"), is given as 02/05/13.

Not that the spfl care.

[Part/Time Supporter]

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Incidentally, I notice that the "Bankroto iškėlimo data" (which Google has translated as "bankruptcy opening date"), is given as 02/05/13.

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Not that the spfl care.

They are the administrator of Ukio Bankas. The points penalty only applied when either UBIG or Hearts itself entered administration.

[Sanger]

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If they were going to accept the offer they could have done it by now

Conversely you could argue if they were going to reject the offer the would have done so by now. They be neither reject or accepted the latest revised offer if there is indeed one!

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They are the administrator of Ukio Bankas. The points penalty only applied when either UBIG or Hearts itself entered administration.

Points should have been docked at this point. They should in the championship.

[Bill Milne]

We have now passed 27 September. What is happening in Lithland re appointing an administrator for UBIG?

[greenginger]

http://translate.googleusercontent.c...MiIZWg91RBLcFw

Looks like the Ukio Admin. is going to have a fight about asset valuations of the securities that were held by the defunct Bank.

He seems to consider the Bank's creditors interests as a priority ( there's a novel approach )

Hope he continues the good work down Gorgie way.

[Sergey]

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We have now passed 27 September. What is happening in Lithland re appointing an administrator for UBIG?

There is a judgement to be made in 3 weeks as to who will act as the UBIG administrator. BDO insinuated this to the FoH last week, so the process has once again stalled.

[StevieC]

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There is a judgement to be made in 3 weeks as to who will act as the UBIG administrator. BDO insinuated this to the FoH last week, so the process has once again stalled.

I thought that UAB Insolvensa were appointed by the Kaunas courts back in July?
Was this appealed and cancelled?

[greenginger]

Got a response to my FoI request to our Council as to the breakdown of the £ 90,715.40 debt the Yams have dumped on us citizens.

It says the total rent and rates due is £ 46,897.07 made up as follows,

Rates £ 30,174.97 for period 1/4/2013 - 18/6/2013

Rent £ 7629.10 for year 2012/2013 and £ 9075 for year 2013/2014. It is explained that the rental relates to facilities at Mcleod Street and Tynecastle High School.

It would seem the rent for the school parking costs were not a local arrangement between Hearts and the school as per AllisBarry but a payment due to the the Council which the Yams defaulted on.

The FoI request also notes the £ 90,715 figure was an estimate but does not specify that the £ 46,879.07 is the total due or whether there is another heading for Yam debt. ( phone call tomorrow )

The good news is they will be getting billed for their Business Rates from the day their Admin started.

[Jack]

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Got a response to my FoI request to our Council as to the breakdown of the £ 90,715.40 debt the Yams have dumped on us citizens.

It says the total rent and rates due is £ 46,897.07 made up as follows,

Rates £ 30,174.97 for period 1/4/2013 - 18/6/2013

Rent £ 7629.10 for year 2012/2013 and £ 9075 for year 2013/2014. It is explained that the rental relates to facilities at Mcleod Street and Tynecastle High School.

It would seem the rent for the school parking costs were not a local arrangement between Hearts and the school as per AllisBarry but a payment due to the the Council which the Yams defaulted on.

The FoI request also notes the £ 90,715 figure was an estimate but does not specify that the £ 46,879.07 is the total due or whether there is another heading for Yam debt. ( phone call tomorrow )

The good news is they will be getting billed for their Business Rates from the day their Admin started.

There's been a reminder on here recently about the council renting space at the dome from the yams. Did the council cough up this cash this financial year, when and how much?

You could slip this into your call :-)

Edit. If this is the case a new FoI about how much, when and why over the last few years would be a reasonable follow up me thinks.

[Pedantic_Hibee]

So Hearts stole money from the disabled as well. Disgusting.

[Golden Bear]

I may have missed it ------------- but did Heriot Watt ever respond to the FOI request regarding their apparent failure to pursue THEM for non payment of the monies that they were due for use of their facilities?

[StevieC]

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I may have missed it ------------- but did Heriot Watt ever respond to the FOI request regarding their apparent failure to pursue THEM for non payment of the monies that they were due for use of their facilities?

I dont think they can pursue a company in administration for debts prior to when they went into administration.

[SmashinGlass]

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I dont think they can pursue a company in administration for debts prior to when they went into administration.

I suspect GB is referring to the pre-admin debt. 150K is a lot of money and would have taken a lot of time to accumulate given the monthly costs previously disclosed on here. It's a question that deserves an answer.

[Golden Bear]

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I dont think they can pursue a company in administration for debts prior to when they went into administration.

But Heriot Watt themselves should provide information as to what steps they took (if any) to recover the debt/arrears.

[greenginger]

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There's been a reminder on here recently about the council renting space at the dome from the yams. Did the council cough up this cash this financial year, when and how much?

You could slip this into your call :-)

Edit. If this is the case a new FoI about how much, when and why over the last few years would be a reasonable follow up me thinks.

The only case I've heard about Councils renting space at Tynecastle dates back to Lothian Regional Council and Mercer in the 80's.

Has there been another ?

[Jack]

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The only case I've heard about Councils renting space at Tynecastle dates back to Lothian Regional Council and Mercer in the 80's.

Has there been another ?

I got the impression recently, like in the last week, this was ongoing. I could have misunderstood though.

[weonlywon6-2]

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Conversely you could argue if they were going to reject the offer the would have done so by now. They be neither reject or accepted the latest revised offer if there is indeed one!

You do have a point there,maybe there aint one.

I wish they would hurry up,would like an early xmas present

[Peevemor]

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There's been a reminder on here recently about the council renting space at the dome from the yams. Did the council cough up this cash this financial year, when and how much?

You could slip this into your call :-)

Edit. If this is the case a new FoI about how much, when and why over the last few years would be a reasonable follow up me thinks.

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The only case I've heard about Councils renting space at Tynecastle dates back to Lothian Regional Council and Mercer in the 80's.

Has there been another ?

When Mercer was putting together the finance to rebuild the PBS the Council agreed to lease some space under the Wheatfield. Nothing came of it other than the false inflation of the yam's income forecasts - basically the same thing as lying about your salary on a mortgage application.

[jgl07]

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When Mercer was putting together the finance to rebuild the PBS the Council agreed to lease some space under the Wheatfield. Nothing came of it other than the false inflation of the yam's income forecasts - basically the same thing as lying about your salary on a mortgage application.

It was during the Robinson/Deans period. Mercer sold the club before the reconstruction had started on site. The proposed rental deal was to enable the Gorgie Road stand to proceeed.

[Peevemor]

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It was during the Robinson/Deans period. Mercer sold the club before the reconstruction had started on site. The proposed rental deal was to enable the Gorgie Road stand to proceeed.

You could well be correct, although it was Mercer that put the redevelopment plans in place with construction of the Wheatfield starting at more or less the same time as he sold up.

[jgl07]

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You could well be correct, although it was Mercer that put the redevelopment plans in place with construction of the Wheatfield starting at more or less the same time as he sold up.

Mercer commissioned the Wheatfield Stand and secured the supply of steel before he sold out to Robinson and Deans.

It was a bone of contention between Mercer and the new owners as they faced a bigger bill for the stand then they anticipated after taking over. Mercer squeezed every penny out of Robinson and Deans during and after the takeover. This left Hearts strapped for cash from the start and they never really recovered from it culminating in Robinson trying to sell Tynecastle to Cala ten years later.

Mercer was something of a hate figure for sections of the Hearts support at the time for bleeding the club white. Strange how he has become some sort of posthumous folk hero now?

[Gus Fring]

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Conversely you could argue if they were going to reject the offer the would have done so by now. They be neither reject or accepted the latest revised offer if there is indeed one!

I'm told the FOH are still conducting due diligence,

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Points should have been docked at this point. They should in the championship.

If it's referring to UKIO then no, they shouldn't have.

[greenginger]

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I'm told the FOH are still conducting due diligence,

With a view to what ? Confirming their offer or increasing it ?

After administration there can't be that much to due - diligise over. Small squad on low salaries and Pink bus Shelter in need of some repair

[Springbank]

I would suspect the Romanov regime (when completely unburdened by criticism scrutiny or even low level questioning from the supine support in gorgie) thought they could agree contracts for hearts that would burden the football club for years to come, provided the lith gang got cash out early.

I would be checking the small print on everything tbh, from the poppies to the steps painting to the title deeds for tynecastle