Share Transfers Agreed/Cooling off period

***Hibby Kay-Yay*** · 22-10-2013 07:04 PM

Event - Hearts looking good to come out of admin

Banderson - uuggghhh...I've just came

**~~Sanger~~** · 22-10-2013 07:07 PM

Originally Posted by Hibs07p

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I would like to hear the views of the Big Guns who have been predicting their demise, on their take of this statement, before I accept it's a done deal.

GGTTH

Starting the CVA process is way of forcing the debtor to put the real money on the table. The major creditors want to see what is really on offer to see if comes anywhere the value they would obtain by liquidating the assets. If the FOH money upfront is well short of that valuation which is likely to be the case the creditors will reject the CVA and proceed to liquidation. This is the start of the end game folks!

**Thecat23** · 22-10-2013 07:08 PM

Pissing myself at some of the creaming over on sickback. They actually think it's all going to be rosy. There team is down to start with, they won't have any real cash, they Prob won't come back up right away yet who comes out the woodwork? Our wee gimp Craigieboy :D A thread for "all us looking in" are they so deluded they think they will ever be close to what they were? In the words of Craigieboy himself I'm very much PLEASING at all this. Be even funnier if they still went tits up :D

**BH Hibs** · 22-10-2013 07:12 PM

Originally Posted by desantos0773

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Starting the CVA process is way of forcing the debtor to put the real money on the table. The major creditors want to see what is really on offer to see if comes anywhere the value they would obtain by liquidating the assets. If the FOH money upfront is well short of that valuation which is likely to be the case the creditors will reject the CVA and proceed to liquidation. This is the start of the end game folks!

Hope you're version of events is right but the pessimist in me has its doubts

**Geo_1875** · 22-10-2013 07:16 PM

Originally Posted by desantos0773

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Starting the CVA process is way of forcing the debtor to put the real money on the table. The major creditors want to see what is really on offer to see if comes anywhere the value they would obtain by liquidating the assets. If the FOH money upfront is well short of that valuation which is likely to be the ase the creditors will reject the CVA and proceed to liquidation. This is the start of the end game folks!

Surely FoH BDO Ian Murray MP Eck Salmond FM MSP SNP and George Foulkesake BT OVD J&B have been involved in serious in depth discussions with Ukio admins and the Lithuanian government for the last few months. Surely every one knows how much they are "bidding". Just seems like they've reached the decision part of the process. Could go either way.

***weecounty hibby*** · 22-10-2013 07:19 PM

Got my tickets for the cup game today and was really excited now am feeling a bit pissed off. Just wish those cheating, thieving ****bags would die but to me thst is looking very unlikely

***Aldo*** · 22-10-2013 07:21 PM

Originally Posted by Thecat23

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Pissing myself at some of the creaming over on sickback. They actually think it's all going to be rosy. There team is down to start with, they won't have any real cash, they Prob won't come back up right away yet who comes out the woodwork? Our wee gimp Craigieboy :D A thread for "all us looking in" are they so deluded they think they will ever be close to what they were? In the words of Craigieboy himself I'm very much PLEASING at all this. Be even funnier if they still went tits up :D

This. Yip the carrot has been dangled let's hope someone then decides to do their knees and whip that rug right from under their feet.

Now that would be funny. Zip splash all round from them but as folk have mentioned it's just starting to get interesting.

**brog** · 22-10-2013 07:31 PM

Originally Posted by desantos0773

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Starting the CVA process is way of forcing the debtor to put the real money on the table. The major creditors want to see what is really on offer to see if comes anywhere the value they would obtain by liquidating the assets. If the FOH money upfront is well short of that valuation which is likely to be the case the creditors will reject the CVA and proceed to liquidation. This is the start of the end game folks!

I had similar thoughts, really hope you're correct!

***Ryan91*** · 22-10-2013 07:37 PM

Originally Posted by Hibby Kay-Yay

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Event - Hearts looking good to come out of admin

Banderson - uuggghhh...I've just came

***K-Zazu*** · 22-10-2013 07:39 PM

Originally Posted by desantos0773

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Starting the CVA process is way of forcing the debtor to put the real money on the table. The major creditors want to see what is really on offer to see if comes anywhere the value they would obtain by liquidating the assets. If the FOH money upfront is well short of that valuation which is likely to be the case the creditors will reject the CVA and proceed to liquidation. This is the start of the end game folks!

I believe in u desantos0773, your are the man.

**Hibs07p** · 22-10-2013 07:44 PM

Originally Posted by desantos0773

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Starting the CVA process is way of forcing the debtor to put the real money on the table. The major creditors want to see what is really on offer to see if comes anywhere the value they would obtain by liquidating the assets. If the FOH money upfront is well short of that valuation which is likely to be the case the creditors will reject the CVA and proceed to liquidation. This is the start of the end game folks!

That's what I'm wanting to hear. Still a chance the poppy stealers will be fv<ked.

GGTTH

***Kato*** · 22-10-2013 07:45 PM

http://www.bbc.co.uk/sport/0/football/24628538

Cutting through the spin this bit seems a tad ominous.

"We are still far away from the end of the legal process which we all shall endure, but this is a step forward nevertheless." - Gintaras Adomonis, bankruptcy administrator of AB Ukio Bankas

***500miles*** · 22-10-2013 07:45 PM

Did the Oldco no get to this point just before getting the CVA refused, and going pop?

***CropleyWasGod*** · 22-10-2013 07:48 PM

Originally Posted by 500miles

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Did the Oldco no get to this point just before getting the CVA refused, and going pop?

Different situations.

OldCo needed to get the CVA approved by HMRC in order to get the 75% majority.They failed.

In Hearts case, they don't need HMRC's approval. UBIG and UKIO together will probably make the 75%.

***Kato*** · 22-10-2013 07:52 PM

Originally Posted by CropleyWasGod

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In Hearts case, they don't need HMRC's approval. UBIG and UKIO together will probably make the 75%.

If they accept the CVA.

***Brooster*** · 22-10-2013 07:55 PM

Its a good news story to cancel out the bad news story from the weekend. All aimed at getting the merricks to dig deep again. They are renowned for it.

**RoYO!** · 22-10-2013 07:56 PM

It was always the case that hertz would get a cva on the table to be considered, no?

And it was always the case that ukio/ ubig would have to be seen to consider it??

Other than that has anything happened?

**PatHead** · 22-10-2013 07:58 PM

Tonight Hearts U20s 0 Aberdeen U20s 5. Wonder how long it will take for the big team to suffer a result like that

***StevieC*** · 22-10-2013 08:03 PM

Originally Posted by PatHead

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Tonight Hearts U20s 0 Aberdeen U20s 5. Wonder how long it will take for the big team to suffer a result like that

I thought their U20's were the big team????

**green glory** · 22-10-2013 08:15 PM

Despite the fact nowt concrete has been agreed, Banderson will still be tugging himself soft and sore tonight I'm sure.

**Onion** · 22-10-2013 08:20 PM

Where does this leave the Yams and their Listing Application for their death-trap of a Stand ? Catch 22pointsback for them.

***Aldo*** · 22-10-2013 08:22 PM

Originally Posted by PatHead

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Tonight Hearts U20s 0 Aberdeen U20s 5. Wonder how long it will take for the big team to suffer a result like that

Hopefully a week the morn mate

**~~Sanger~~** · 22-10-2013 08:36 PM

Originally Posted by BH Hibs

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Hope you're version of events is right but the pessimist in me has its doubts

You have to overcome the inherit pessimism of being a Hibs fan!

**PatHead** · 22-10-2013 08:46 PM

Originally Posted by green glory

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Despite the fact nowt concrete has been agreed, Banderson will still be tugging himself soft and sore tonight I'm sure.

Maybe he is taking it tonight

***Viva_Palmeiras*** · 22-10-2013 08:51 PM

Gintaras Adomonis - anagram in waiting Shirley...

**Weststandwanab** · 22-10-2013 09:11 PM

Originally Posted by desantos0773

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Starting the CVA process is way of forcing the debtor to put the real money on the table. The major creditors want to see what is really on offer to see if comes anywhere the value they would obtain by liquidating the assets. If the FOH money upfront is well short of that valuation which is likely to be the case the creditors will reject the CVA and proceed to liquidation. This is the start of the end game folks!

I agree !

**SkintHibby** · 22-10-2013 09:15 PM

Originally Posted by Weststandwanab

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I agree !

Clutching. At. Straws.

Sadly, the cheating crunts will survive this.

**Weststandwanab** · 22-10-2013 09:16 PM

Originally Posted by 500miles

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Did the Oldco no get to this point just before getting the CVA refused, and going pop?

They did and became Sevco !

Originally Posted by SkintHibby

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Clutching. At. Straws.

Sadly, the cheating crunts will survive this.

As a newco possibly . !

***green day*** · 22-10-2013 09:43 PM

As has been stated a few times today, most footy clubs - even those with huge debts - get 'through' administration in some shape or form.

The key is what they will look like post admin in their new FOH run world.

They need to appoint some form of board, one which will require (you can bet your last cent this is part of their constitution) that they never get in this state again - no matter what the screaming hordes demand.
That means - no surprise to us - they cant afford to pay £5 - £10k per week for players.
This means that - for the first time in my recent memory - we have a reasonably level playing field in player budgets.
No matter that the keechbackers bang on about 'biggest budget outside Celtic' the truth is their gates and (non vlad financed) budget are very similar to us, aberdeen, Dundee Utd etc - they simply wont be able to finance the 'Big Team Players' that all their younger fans have presumed is their divine right.

And when this realisation kicks in - remember that all that loaned cash to pay the CVA needs repaid from the direct debits - do we really think that all those who signed up £51 per month will continue? Maybe for 6 months? Maybe a year? Enough to repay the £3-£5Million for the CVA? I dunno.

Bottom line, I want them liquidated as much as the next person - but it might not happen.

They can bang on all they like about their last 3 cup wins, and the history books will show they were won - that cant be erased - but we all know, and they all know, that they were bought with £30Million plus of very dodgy cash - no different to stupid people running up credit card debts.