Share Transfers Agreed/Cooling off period

[PapillonVert]

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Can he produce the cash though?

BDO rejected him as a bidder months ago. IIRC, they didn't go into specifics about why, but the assumption is that FOH's bid was better (not necessarily bigger, admittedly). The comments from Bryan J today suggest that they didn't treat him as a serious contender.

Has always sounded to me like BDO (and the MSM) wanted the FoH bid to be the best one as the Zeitgeist seems to be to favour fan-led rescue operations and fan-run clubs. So, reading between the lines, there may have been an unconscious bias operating towards wanting it to be the only or the best, and, therefore, preferred, bid and slanting everything towards trying to "prove" that it was the only game in town.

The UBIG admins have other things on their mind and won't, therefore, be swayed by what might be the best outcome for an old, Scottish sporting institution down on its uppers and possibly wheezing its last.

Just an observation FWIW.

[Coco Bryce]

Sounds like BDO have made a right mess of this admin

Mon' Sideshow Bob

[Aldo]

Wonder what oot Boab's going to do with that item in his hand?? Mmm



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[Dashing Bob S]

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Their core support is 5000+ if the seventies are any evidence. I suspect it will be lower once the cheating is fully flushed out and they have to sign players at wage levels they can actually pay with revenue they earn from gates, sponsors, cake baking and face painting. The pledges will last about as long as bag of weed at the Burning Man.

Their scarf twirling is merely a subconscious emulation of a floating turd swirling around the toilet before going down.

I'd put their core support at 4,500.


Anybody fancy going lower?

[Gus Fring]

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Can he produce the cash though?

BDO rejected him as a bidder months ago. IIRC, they didn't go into specifics about why, but the assumption is that FOH's bid was better (not necessarily bigger, admittedly). The comments from Bryan J today suggest that they didn't treat him as a serious contender.

I get the impression BDO thought things would go a lot smoother than they have done. When the FOH submitted their bid they didn't have a plan B because they didn't think relegation was a realistic possibility.

I know for sure BDO also weren't expecting the finances to be this problematic though. Staff said they would work for free/reduced wages but eventually in September they started threatening to leave if they didn't start getting back to normal. BDO is guilty of taking the fans and staff goodwill for granted.

I'm told Hearts still live in a very hand to mouth fashion as it stands. BDO and FOH expected them to be on a more steady financial footing by now albeit with their cloth cut accordingly.

[Gus Fring]

One last thing. Apparently when talking to UKIO there's been a lot of goodwill internally towards BDO and FOH because there is an emotional tie there (something UKIO alluded to in their statement). UBIG is the polar opposite. The feeling there is one of intense resentment after the directors bolted and left it rudderless for so long.

[Dashing Bob S]

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I get the impression BDO thought things would go a lot smoother than they have done. When the FOH submitted their bid they didn't have a plan B because they didn't think relegation was a realistic possibility.

I know for sure BDO also weren't expecting the finances to be this problematic though. Staff said they would work for free/reduced wages but eventually in September they started threatening to leave if they didn't start getting back to normal. BDO is guilty of taking the fans and staff goodwill for granted.

I'm told Hearts still live in a very hand to mouth fashion as it stands. BDO and FOH expected them to be on a more steady financial footing by now albeit with their cloth cut accordingly.

I think that BDO might have to cut staff expenses, including playing staff, to stretch to the end of the season. If Hearts have a terrible December, and are all but relegated, revenue from fans will start to drop. It won't matter for ST holders, but walk-ups will be deterred by the lost cause, the empty seats and moribund atmosphere in the stadium. It could precipitate a January sales practical giveaway to generate enough cash to get to the May finishing line.

[GreenLake]

The ubiquitous fear.

The UBIG quit us fear.

[Gus Fring]

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I think that BDO might have to cut staff expenses, including playing staff, to stretch to the end of the season. If Hearts have a terrible December, and are all but relegated, revenue from fans will start to drop. It won't matter for ST holders, but walk-ups will be deterred by the lost cause, the empty seats and moribund atmosphere in the stadium. It could precipitate a January sales practical giveaway to generate enough cash to get to the May finishing line.

Sales from playing staff is their best hope. Apparently the club is already run on a skeleton staff as it is and a couple have even taken second jobs elsewhere just to make ends meet.

[Treadstone]

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I'd put their core support at 4,500.
Anybody fancy going lower?

Approx. 3000 . Harry Potters testimonial. So embarrassing they had to draft in us to save face for a second bite at the cherry.

[Phil D. Rolls]

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I think that BDO might have to cut staff expenses, including playing staff, to stretch to the end of the season. If Hearts have a terrible December, and are all but relegated, revenue from fans will start to drop. It won't matter for ST holders, but walk-ups will be deterred by the lost cause, the empty seats and moribund atmosphere in the stadium. It could precipitate a January sales practical giveaway to generate enough cash to get to the May finishing line.

That could be the sweetest way to finish them off. Sensible offers for their best players, a company struggling to pay bills could hardly refuse.

Totally sap the morale of the support, and make deny them even the faintest glimmer of enjoyment for the rest of the season.

[Dashing Bob S]

Here's a view of the strategy of the splendidly-named Bob from a roster, sorry poster, on Kickback:

1. Offer UBIG £500k for their (50%) shares which would give him control.
2. Then negotiate with UKIO for theirs.
3. Offer Tynecastle for immediate sale as the CVA
4. Move to Livingston
5. Build a new 24k all seated stadium on the west side of the city once planning in place.


One...check. Two...yip. Three...sound. Four...ouch, gotcha. Five...

[Dashing Bob S]

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Approx. 3000 . Harry Potters testimonial. So embarrassing they had to draft in us to save face for a second bite at the cherry.

I'm keeping the Gary MacKay testimonial figures up my sleeve...

[Sergey]

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That could be the sweetest way to finish them off. Sensible offers for their best players, a company struggling to pay bills could hardly refuse.

Totally sap the morale of the support, and make deny them even the faintest glimmer of enjoyment for the rest of the season.

How many would command a fee of note? Any players who's contracts are up at the end of the season could simply sign a pre-contract with other clubs. Those with 6 months remaining aren't going to command vast transfer sums.

[Gus Fring]

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How many would command a fee of note? Any players who's contracts are up at the end of the season could simply sign a pre-contract with other clubs. Those with 6 months remaining aren't going to command vast transfer sums.

Tesco put it best when they say "Every little helps".

[southsider]

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Wasn't FOH's job.

You know a lot more than me mate. But if it WAS my company i would have made sure they reached the people that were due them even if i had to do it myself.

[Gus Fring]

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You know a lot more than me mate. But if it WAS my company i would have made sure they reached the people that were due them even if i had to do it myself.

unless of course only having the people you knew were going to vote the way you wanted was a better option. "No our fault Royal Mail are crap" is a tried and tested excuse.

[GreenLake]

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Tesco put it best when they say "Every little helps".

For Hearts I would say "Every helper's little".

[Dashing Bob S]

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How many would command a fee of note? Any players who's contracts are up at the end of the season could simply sign a pre-contract with other clubs. Those with 6 months remaining aren't going to command vast transfer sums.

They'd struggle to get more than a few grand, but they'd also lower the wage bill with a smaller squad. However, if they do this then fans will perceive that they've given up on this season, and ask why they should be bothered.

An interesting, dilemma, Mister Bond.

[PatHead]

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I think that BDO might have to cut staff expenses, including playing staff, to stretch to the end of the season. If Hearts have a terrible December, and are all but relegated, revenue from fans will start to drop. It won't matter for ST holders, but walk-ups will be deterred by the lost cause, the empty seats and moribund atmosphere in the stadium. It could precipitate a January sales practical giveaway to generate enough cash to get to the May finishing line.

You don't have to wait, the revenue from from fans is dropping like a stone already. Gifting fatigue has well and truly set in. That will have a good enough reason to get rid of whoever they can.

[jacomo]

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I think that BDO might have to cut staff expenses, including playing staff, to stretch to the end of the season. If Hearts have a terrible December, and are all but relegated, revenue from fans will start to drop. It won't matter for ST holders, but walk-ups will be deterred by the lost cause, the empty seats and moribund atmosphere in the stadium. It could precipitate a January sales practical giveaway to generate enough cash to get to the May finishing line.

It matters a bit because BDO are honouring 7,000 season tickets even though the money from them disappeared before Hearts went into admin. So that's 7,000 punters who need stewarding and policing every other week without any benefit to the club.

Unless they are getting sufficient walk-ups to compensate for this, they're probably operating Tynecastle at a loss right now. Maybe they should just close all the stands and play their home fixtures in front of an empty stadium??

[jacomo]

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The reply to Shaun Lawson post is hilarious...

'FAO Sideshow Bob/Imperial Echoes/The Captain/whatever username you feel like coming up with next,

You are a joke. A laughing stock. And Heart of Midlothian Football Club, its supporters and its administrators have come far too far over the last few difficult months for you to waste even another second of our, your or anyone else's time with this disgraceful nonsense.

Do us all a favour, get out of the damn way, and leave us in peace. There's a good fantasist.

Yours helpfully, etc etc.'

Says the Norfolk based Hearts fan , who still stays with his Mum...and has been to about 3 games.

Forgive us if we don't take your post too seriously.

Pure gold.

If Mr Lawson wants to know what disgraceful nonsense looks like, any of his wordy essays in support of Vlad or denigrating Hibs would do.

[Dashing Bob S]

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It matters a bit because BDO are honouring 7,000 season tickets even though the money from them disappeared before Hearts went into admin. So that's 7,000 punters who need stewarding and policing every other week without any benefit to the club.

Unless they are getting sufficient walk-ups to compensate for this, they're probably operating Tynecastle at a loss right now. Maybe they should just close all the stands and play their home fixtures in front of an empty stadium??

As bizarre as it seems, at least to some extent this might actually be forced on them! Or at least a relocation of ST's into two "new" stands and shutting down the Asbo stand, in order to lower police and stewarding costs.

[Weststandwanab]

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Source:

"BDO are already having a difficult time dealing with UBIG. They have been as awkward as possible already. This isn't helping. They are worried UBIG will think they are trying to pull a fast one"

i should also add that they told me the current kitty will keep them going til March (Which we already knew) but that BDO think they can make the end of the season if needs be.

They have little chance of knowing as their income stream is unknown and most certainly unstable.

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One last thing. Apparently when talking to UKIO there's been a lot of goodwill internally towards BDO and FOH because there is an emotional tie there (something UKIO alluded to in their statement). UBIG is the polar opposite. The feeling there is one of intense resentment after the directors bolted and left it rudderless for so long.

Liquidators should have no feelings or emotions when getting the best deal for the creditors.

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Sales from playing staff is their best hope. Apparently the club is already run on a skeleton staff as it is and a couple have even taken second jobs elsewhere just to make ends meet.

All players will be for sale at almost any price in the first weeks of 2014.

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That could be the sweetest way to finish them off. Sensible offers for their best players, a company struggling to pay bills could hardly refuse.

Totally sap the morale of the support, and make deny them even the faintest glimmer of enjoyment for the rest of the season.

Hibs should bid for Patterson !

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How many would command a fee of note? Any players who's contracts are up at the end of the season could simply sign a pre-contract with other clubs. Those with 6 months remaining aren't going to command vast transfer sums.

Vast no, but beggars cannot be choosers apparently.

[hibees 7062]

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I'd put their core support at 4,500.


Anybody fancy going lower?

4499 if Boabs no allowed back

[GreenLake]

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Source:

"BDO are already having a difficult time dealing with UBIG. They have been as awkward as possible already. This isn't helping. They are worried UBIG will think they are trying to pull a fast one"

i should also add that they told me the current kitty will keep them going til March (Which we already knew) but that BDO think they can make the end of the season if needs be.

UBIG Admin's wife: "Do you think BDO are trying to pull a fast one?"

UBIG Admin: "Does a bear sh&t in the woods?"

[Dashing Bob S]

Poor old Shoeshine Bob is in big trouble now. Fatty Foulkes is promising Barry Anderson and Jambos Kickback that he is going to 'take action' against him.

I'm intrigued and massively mirthful trying to discern exactly what this 'action' might constitute.

Any ideas?

[Aldo]

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Poor old Shoeshine Bob is in big trouble now. Fatty Foulkes is promising Barry Anderson and Jambos Kickback that he is going to 'take action' against him. I'm intrigued and massively mirthful trying to discern exactly what this 'action' might constitute. Any ideas?

Slaver complete and utter P1sh and bore him to death??

[steakbake]

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Poor old Shoeshine Bob is in big trouble now. Fatty Foulkes is promising Barry Anderson and Jambos Kickback that he is going to 'take action' against him.

I'm intrigued and massively mirthful trying to discern exactly what this 'action' might constitute.

Any ideas?

Where is he threatening that - on JKB, in the comments section of EEN or on twitter?

[green glory]

@BarryAnderson_8: Back in the office after a few days off duty to find yet another email from Bob Jamieson. I really wonder what this man is playing at. #HMFC

@BarryAnderson_8: If Jamieson wants the best for #Hearts, let @The_FoH & BDO get on with negotiations. Sending daft offers to Lithuania is only be detrimental

@BarryAnderson_8: @jamiekborthwick Reading them can be entertaining, but this latest stunt is nothing short of dangerous.

@BarryAnderson_8: @jamiekborthwick Reading them can be entertaining, but this latest stunt is nothing short of dangerous.