Share Transfers Agreed/Cooling off period

[Springbank]

The others were also in areas the supermarkets wanted to build in, and where no clear alternative sites existed nearby.

Gorgie/Chesser has a few alternatives (google the Fruitmarket and Morrisons for one example) which reduces any rush to offer deals that are overly kind to a company now synonymous with charity theft

[EastCalderHibby]

I just wish it would hurry up and happen, so a can dance on their grave

[Aldo]

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No, totally different situation. Those clubs sold their stadiums and as part of the deal new stadiums were built for those clubs giving up their sites in the locations the supermarkets wanted tae build. h****s are not flogging their site as part of any deal, it will be being flogged by the administrators/liquidators tae pay off debts. And the ****s will also be eliminated.

:-D

There's 2 words that don't get used enough in the same SEntence DD

Hearts and eliminated

[Mellow Hibee]

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The others were also in areas the supermarkets wanted to build in, and where no clear alternative sites existed nearby.

Gorgie/Chesser has a few alternatives (google the Fruitmarket and Morrisons for one example) which reduces any rush to offer deals that are overly kind to a company now synonymous with charity theft

This is why it's really no win for Hearts. If the ground is worth something for a developer then the rumours may be true and they'll buy it for £2.5M+.

If it's not then the yams find themselves playing football in the 1st division with a stadium that is falling apart, expensive to maintain and worth no more than £2.5M. There is no way they can save enough money to renovate or build a new stadium before the problems become too large to keep playing at tynecastle.

[Jonnyboy]

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No problem I just thought someone might have heard something over the weekend. With Hearts being at home i thought there would be some gossip floating around. Some yam friends on Facebook posted some pics of themselves in hospitality which looked pretty busy.

Twenty folk in there would make it look busy

[leggeto]

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This is why it's really no win for Hearts. If the ground is worth something for a developer then the rumours may be true and they'll buy it for £2.5M+.

If it's not then the yams find themselves playing football in the 1st division with a stadium that is falling apart, expensive to maintain and worth no more than £2.5M. There is no way they can save enough money to renovate or build a new stadium before the problems become too large to keep playing at tynecastle.

nice,trying to think of ways they could come out the ****@ barrel smelling of roses,looks like they are at a dead end,a jambo told me a property developer has bid £4 for swine castle too,don't know if it is hammocks or not bit he was a bit worried

[PatHead]

i just can't wait to here they are dead

[theonlywayisup]

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nice,trying to think of ways they could come out the ****@ barrel smelling of roses,looks like they are at a dead end,a jambo told me a property developer has bid £4 for swine castle too,don't know if it is hammocks or not bit he was a bit worried

£4 wow!

[Jonnyboy]

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£4 wow!

More money than sense obviously

[greenginger]

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This is why it's really no win for Hearts. If the ground is worth something for a developer then the rumours may be true and they'll buy it for £2.5M+.

If it's not then the yams find themselves playing football in the 1st division with a stadium that is falling apart, expensive to maintain and worth no more than £2.5M. There is no way they can save enough money to renovate or build a new stadium before the problems become too large to keep playing at tynecastle.

Someone mentioned the other day a site at 396-400 Gorgie Road was going on the market with planning for student accommodation for offers over £ 2 million.

https://citydev-portal.edinburgh.gov...=LQQP3PEW7N000

That will be the site, 0.61 hectares ( 1.5 acres ) and is about 1 mile further from town but does have a main street frontage.

The PBS is 6 acres and the offer is £ 2.5 million. Can Lithuanians do sums ?

[Mellow Hibee]

There was a FOH Q&A tonight. Judging by the reports on kickback they're not quite as confident of a CVA anymore.

[SurferRosa]

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£4 wow!

That`s certainly what the stadium`s worth.

Unfortunately for the FoH, the land their asbestos riddled, crumbling deathtrap sits on is quality real estate and adds a few million onto the asking price.

[PatHead]

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There was a FOH Q&A tonight. Judging by the reports on kickback they're not quite as confident of a CVA anymore.

don't want to look at kickback as I would feel dirty. What are they saying and what was said by foh?

[leggeto]

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That`s certainly what the stadium`s worth.

Unfortunately for the FoH, the land their asbestos riddled, crumbling deathtrap sits on is quality real estate and adds a few million onto the asking price.

I think they have been told to up their bid because they have received a better one than the £2.5m

[bighairyfaeleith]

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don't want to look at kickback as I would feel dirty. What are they saying and what was said by foh?

CVA will be delayed for another seven days
CVA can't be delayed again after that
Nobody knows if cva will go through
Some ***** about budgeting for relegation
nobody on FOH is taking any salary etc
Investors are all hearts fans and not going to make any profit on investment

[SurferRosa]

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I think they have been told to up their bid because they have received a better one than the £2.5m

If Valnetas accept, circa 1.5 to 2 million for the whole kit and kaboodle ( which is likely to be about all they`ll get after BDO have grabbed their fees in full ), i`d like to be a fly on the wall when they give their explanation to the Lithuanian government of why they found that sum acceptable when they could likely realise around 3 or 4 times that amount in an auction. Especially as they`re owed around 15 million.

[SurferRosa]

" If you have not pledged, PLEDGE!
- Get anybody you know who has not pledged, PLEDGE.
- If you have pledged, and you can afford it, PLEDGE MORE. "

Clearly, this is how a 'big' club operates.

[HUTCHYHIBBY]

Surely they could just get all the excess PLEDGE that Gary MacKay has left over after polishing his medals.

[GreenCastle]

From the keekback....my comments in the black

Possible further delay of 7 days for CVA..... shock
- CVA then can't be delayed further .....Squeaky bum time...
- Hopeful CVA approved but no guarantees...thought they were already celebrating?
- Investors all Hearts fans and not making anything for their investments....great people
- Investors not revealead....I wonder why!
- Investors to be repaid in 3 years when Hearts will be owned by the fans (once in a lifetime opportunity)...more loans and more debts - wonder what the interest is?
- Need to get to 10k pledgers (average pledge £16 per month)...still quite a bit away...
- Currently 7,600 signed up....muppets...what happened to the 400,000?
- Budget for next 3 years includes worse case scenario (relegated & out cups 1st round)..lets hope this happens and they come back to reality
- Marketing being delayed until CVA decision made...can't wait to see the marketing..
- If positive outcome more details and incentives will come out and marketing will go into full drive...exciting times...
- FOH doing all work in own time and unpaid....great...give yourself a medal
- Need to tap into support for skilled people (lawyers/financial advisers/business experts) to get involved...the way big teams operate
- If CVA agreed club still needs support, this is only the beginning and fans will need to keep supporting the FOH...can't see fans doing this plus a ST every year.
- Two boards, mirror image (FOH investors & FOH board) FOH board will repay the investment over 3 years....see above - loans and more debt
- Legal agreements being drawn up but not yet finalised due to legal costs..won't be cheap
- Money is there for the club to complete the season...great - we hopefully will see them relegated or even better relegate them when we play again at the PBS
- No budget for players (wheeling and dealing may be possible I.e free transfers but that is )..you can't sign players yet..your still in Admin...basically more kids...
- Gary Locke doing a great job under the circumstances...well done...relegation will look good on the CV
- If relegated season ticket prices will probably drop...doubt it
- TV revenue if relegated is unknown..basically not much...
- If you have not pledged, PLEDGE...begging bowl out once again..
- Get anybody you know who has not pledged, PLEDGE....CRINGE
- If you have pledged, and you can afford it, PLEDGE MORE. CRINGE...BIG TEAM = BIG TROUBLE
- THIS IS A ONCE IN A LIFETIME OPPORTUNITY FOR US FANS TO OWN OUR CLUB AND SHAPE ITS FUTURE - short term plan...long term not sustainable.

That's about all I can remember.

[Engels74]

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Surely they could just get all the excess PLEDGE that Gary MacKay has left over after polishing his medals.

Will send these to FOH headquarters first thing tomorrow!


bursting with pride to be doing my bit!

[monktonharp]

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Someone mentioned the other day a site at 396-400 Gorgie Road was going on the market with planning for student accommodation for offers over £ 2 million.

https://citydev-portal.edinburgh.gov...=LQQP3PEW7N000

That will be the site, 0.61 hectares ( 1.5 acres ) and is about 1 mile further from town but does have a main street frontage.

The PBS is 6 acres and the offer is £ 2.5 million. Can Lithuanians do sums ?

your being rather silly about all this.Lord Foulkes of Cumnock has already said the whole west side of Edinburgh is awash with gap sites, and nothing happening.

[Jack Hackett]

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your being rather silly about all this.Lord Foulkes of Cumnock has already said the whole west side of Edinburgh is awash with gap sites, and nothing happening.

Most of them between his ears, where there's definitely nothing happening

[Barney McGrew]

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nobody on FOH is taking any salary etc

But there are rumours they are quite happy to take up free hospitality at Hertz games.

All for one and one for all eh?

[s.a.m]

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Someone mentioned the other day a site at 396-400 Gorgie Road was going on the market with planning for student accommodation for offers over £ 2 million.

https://citydev-portal.edinburgh.gov...=LQQP3PEW7N000

That will be the site, 0.61 hectares ( 1.5 acres ) and is about 1 mile further from town but does have a main street frontage.

The PBS is 6 acres and the offer is £ 2.5 million. Can Lithuanians do sums ?

Perhaps they aren't following the Edinburgh property market






:

[Mikey]

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CVA will be delayed for another seven days
CVA can't be delayed again after that
Nobody knows if cva will go through
Some ***** about budgeting for relegation
nobody on FOH is taking any salary etc
Investors are all hearts fans and not going to make any profit on investment

CAN be, not WILL be

That doesn't mean it won't be mind!

[Www1875hfc]

Quote. "Perhaps some are waiting for the CVA outcome and will then pledge. "

Quote "If we don't get to 10,000 pledges then won't it just take us longer to pay back the loan"

They still don't grasp it eh ?

[Winston Ingram]

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£4 wow!

That's probably a fair price considering the quality of all 4 stands. I don't think there is much demand for pink Mechano and asbestos these days. The land beneath however is worth considerably more

[JeMeSouviens]

I can't believe they're still so blindingly accepting. Mackie & Ford have worked tirelessly for 3 years but are chucking it right on the cusp of glory? Does that sound remotely plausible to anyone in possession of a brain? Best case for them is it's internal bloodletting that won't change the outcome but worst case ...

[heretoday]

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That's probably a fair price considering the quality of all 4 stands. I don't think there is much demand for pink Mechano and asbestos these days. The land beneath however is worth considerably more

Is there asbestos in the stands? Do tell!

[Craig_in_Prague]

I feel cozy inside, knowing their best case is a club owned by windae lickers in an unsustainable model, with loan committments (since when did they pay things back, let alone on time), plummeting down to 1st division, not heading back up the way any time soon and a large model of a trampy old pink bus shelter to play in, all with dwindling angry crowds. And yes, that's the good news for them.

Still fancy the bad news, but like DBS and others, the CVA success, kinda leaves a lot of fun ahead too.