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View Poll Results: What's your preferred outcome from the financial problems over at Yam land?

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  • Hertz do not exist anymore

    746 48.89%

  • Hertz survive but play in a lower league

    560 36.70%

  • Hertz survive and stay in SPL

    49 3.21%

  • Don't care about them

    171 11.21%
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  1. 28-11-2013 03:58 PM #32281
    Aldo
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    They out buying cigars and putting bubbly in the fridge.

    Some reckon this place will be a hoot and we've back-pedalled and are happy with CVA.

    They all think everything will be fine and debt free

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  2. 28-11-2013 04:00 PM #32282
    RIP Bestie
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    Quote Originally Posted by Dunderhall View Post
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    FoH twitter a few minutes ago.
    Hey thanks for this. You're a star man. Oops
  3. 28-11-2013 04:01 PM #32283
    Hermit Crab
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    Quote Originally Posted by Aldo View Post
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    They out buying cigars and putting bubbly in the fridge.

    Some reckon this place will be a hoot and we've back-pedalled and are happy with CVA.

    They all think everything will be fine and debt free
    Let them think that. They can't be debt free.
  4. 28-11-2013 04:04 PM #32284
    Aldo
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    Quote Originally Posted by Hermit Crab View Post
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    Let them think that. They can't be debt free.
    We know that. Funny thing if they agree the CVA but don't give them the stadium and sell it to a property developer. (Can this be done??)
  5. 28-11-2013 04:08 PM #32285
    CropleyWasGod
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    Quote Originally Posted by Aldo View Post
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    We know that. Funny thing if they agree the CVA but don't give them the stadium and sell it to a property developer. (Can this be done??)
    No.

    If there is a CVA, FOH own the company and hence its assets.
  6. 28-11-2013 04:09 PM #32286
    Spike Mandela
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    Quote Originally Posted by Aldo View Post
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    We know that. Funny thing if they agree the CVA but don't give them the stadium and sell it to a property developer. (Can this be done??)
    No.

    If they get the CVA through, irrespective of any debt they still have to pay to pay off, they will have shed approximately £25m in debt. Not a bad day in anyones book.
  7. 28-11-2013 04:10 PM #32287
    Aldo
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    Quote Originally Posted by CropleyWasGod View Post
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    No. If there is a CVA, FOH own the company and hence its assets.
    CWG cheers didn't think they could but got confused.... Shame really.

    When you think of it though the Liths aren't getting much after BDO takes their fees.

    (Really hoping it's pull the plug time- thee best Xmas present ever)
  8. 28-11-2013 04:10 PM #32288
    HoboHarry
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    Thanksgiving here today in the USA. Hoping for a Christmas Day day feeling tomorrow. Dare to dream........
  9. 28-11-2013 04:12 PM #32289
    Aldo
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    Quote Originally Posted by Spike Mandela View Post
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    No. If they get the CVA through, irrespective of any debt they still have to pay to pay off, they will have shed approximately £25m in debt. Not a bad day in anyones book.
    That's the most annoying thing bout it all. £25 million dodging their dues and fleecing the taxman.

    Club with no shame right enough.

    Cheers for that guys
  10. 28-11-2013 04:12 PM #32290
    Gus Fring
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    BDO hadn't heard if the meeting was going ahead as of lunchtime today. They tried to find out this morning and got no reply. UKIOs admin is cooperating but contact with UBIGS admin has been very minimal.

    PS. This "debt free" rubbish shows just how thick their support is. There is currently no outcome that leaves Hearts "debt free". They'll still have football debt to pay and then they have to pay back the loans that are allowing FOH to buy them in the first place.
    Last edited by Gus Fring; 28-11-2013 at 04:18 PM.
  11. 28-11-2013 04:25 PM #32291
    Golden Bear
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    Heh heh!

    Breaking news from the Beeb


  12. 28-11-2013 04:27 PM #32292
    JeMeSouviens
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    Quote Originally Posted by Golden Bear View Post
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    Heh heh!

    Breaking news from the Beeb


    is what?

    Ah right, nothing we didn't know already ...

    BBCBMcLauchlin ‏@BBCBMcLauchlin 2m

    Hearts will NOT be in a position to exit administration until at least February next year. More soon on BBC Scotland#newsdrive
  13. 28-11-2013 04:27 PM #32293
    portycabbage
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    Quote Originally Posted by Golden Bear View Post
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    Heh heh!

    Breaking news from the Beeb


    Listening to that also, admin til february at least as UBIG shares can't be sold till after they have their own creditors meeting. Hardy-******g-har, GIRFUY!
  14. 28-11-2013 04:28 PM #32294
    matty_f
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    I am past caring. Either outcome looks like it'll provide hilarity for us so I'm just going to roll with it and enjoy the show.
    Follow the Hibs podcast, Longbangers, on Twitter (@longbangers)
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  15. 28-11-2013 04:28 PM #32295
    Golden Bear
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    Quote Originally Posted by JeMeSouviens View Post
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    is what?
    I missed the start of the news snippet but the jist of it is that nothing can possibly happen until the end of February.
  16. 28-11-2013 04:29 PM #32296
    JollyGreenGiant
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    @BBCBMcLauchlin: Hearts will NOT be in a position to exit administration until at least February next year. More soon on BBC Scotland#newsdrive
  17. 28-11-2013 04:29 PM #32297
    the_ginger_hibee
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    Hahaha....so the shares were 'frozen'? Maybe not frozen due to investigation but they are still unable to be moved on!

    What will the kickback reaction be to this? They dismissed Sergeys claim that this would happen quite strongly!

    What will they say now?
  18. 28-11-2013 04:34 PM #32298
    Winston Ingram
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    @BBCBMcLauchlin: Hearts parent company UBIG hold 50% share in club and these cannot be assigned or sold until creditors meeting in Lithuania#bbcsportscot
  19. 28-11-2013 04:34 PM #32299
    Mellow Hibee
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    Quote Originally Posted by portycabbage View Post
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    Listening to that also, admin til february at least as UBIG shares can't be sold till after they have their own creditors meeting. Hardy-******g-har, GIRFUY!
    Yams better get their aprons on to bake their way till February (at least). I'm assuming that no-one is going to put any working capital in until there's more certainty.

    No sure what will happen with the BDO fees either.
  20. 28-11-2013 04:36 PM #32300
    portycabbage
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    http://www.bbc.co.uk/sport/0/football/25144366

    Sorry if that's not a link, computer numpty alert!
  21. 28-11-2013 04:36 PM #32301
    Aldo
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    Quote Originally Posted by the_ginger_hibee View Post
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    Hahaha....so the shares were 'frozen'? Maybe not frozen due to investigation but they are still unable to be moved on! What will the kickback reaction be to this? They dismissed Sergeys claim that this would happen quite strongly! What will they say now?
    Still a bit of arrogance amongst them...
  22. 28-11-2013 04:40 PM #32302
    CropleyWasGod
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    Quote Originally Posted by Winston Ingram View Post
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    @BBCBMcLauchlin: Hearts parent company UBIG hold 50% share in club and these cannot be assigned or sold until creditors meeting in Lithuania#bbcsportscot
    And, lest we forget, it's not in the UBIG admin's power to unfreeze them. That remains with the Lithuanian Government.
  23. 28-11-2013 04:42 PM #32303
    greenginger
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    Quote Originally Posted by Bajillions View Post
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    BDO hadn't heard if the meeting was going ahead as of lunchtime today. They tried to find out this morning and got no reply. UKIOs admin is cooperating but contact with UBIGS admin has been very minimal.

    PS. This "debt free" rubbish shows just how thick their support is. There is currently no outcome that leaves Hearts "debt free". They'll still have football debt to pay and then they have to pay back the loans that are allowing FOH to buy them in the first place.
    I don't like the sound of , " Ukio admin. is cooperating "............... that sounds like he has accepted the FoH offer.
  24. 28-11-2013 04:48 PM #32304
    Gus Fring
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    Quote Originally Posted by greenginger View Post
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    I don't like the sound of , " Ukio admin. is cooperating "............... that sounds like he has accepted the FoH offer.
    He has.
  25. 28-11-2013 04:48 PM #32305
    Pete
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    If I was a jambo I would prefer liquidation as it's as it's probably the only honourable outcome. By starting again I could at least hold my head high.

    Administration and a CVA is the ultimate embarrassment and I certainly wouldn't be celebrating.

    Don't pray for an easy life, pray for the strength to endure a difficult one - Bruce Lee.
  26. 28-11-2013 04:50 PM #32306
    the_ginger_hibee
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    Quote Originally Posted by Aldo View Post
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    Still a bit of arrogance amongst them...
    Shock.

    What a(nother) twist this is! How long can the comedy train churn for?

    I want 'I'm an MPs' thoughts on this and how FoH, BDO etc. didn't at least forecast this and more importantly how they will continue from here?

    Pass the popcorn...
  27. 28-11-2013 04:54 PM #32307
    CropleyWasGod
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    Quote Originally Posted by Bajillions View Post
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    He has.
    For sure?
  28. 28-11-2013 04:57 PM #32308
    JeMeSouviens
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    I quite like the sound of them putting it to a Lithuanian Creditors' Meeting. Sounds like fun.
  29. 28-11-2013 04:57 PM #32309
    Gus Fring
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    Quote Originally Posted by CropleyWasGod View Post
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    For sure?
    Nothings official until the meeting obviously but they've indicated to BDO they plan to accept.
  30. 28-11-2013 04:57 PM #32310
    the_ginger_hibee
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    Quote Originally Posted by CropleyWasGod View Post
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    For sure?
    Its also in the CVA proposal doc that Ukio will accept the CVA - (according to Kickback though )
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