Share Transfers Agreed/Cooling off period

[Judas Iscariot]

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Spot on

It's a loady plsh

They'll no be around long enough to pay it back

[Mikey]

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Looks like he's away to seek clarification with BJ before he comments??

The conversation will be along the lines of.......


Barry - Hey Brian, what's the story with this £5m+ due to Heriot Watt?

Brian - It would be best if we don't go into detail on that one.

Barry - I won't say a word.


Investigative journalism at its best!

[Aldo]

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The conversation will be along the lines of....... Barry - Hey Brian, what's the story with this £5m+ due to Heriot Watt? Brian - It would be best if we don't go into detail on that one. Barry - I won't say a word. Investigative journalism at its best!

Ha ha you that preverbial fly on the wall Mikey??

[Gus Fring]

Barry says "@HibeernianAFC BDO say the £5m+ is for remainder of 25-year lease with HW. HW are due what was in original creditors' report (£145,663)"

As expected

[Aldo]

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Barry says "@HibeernianAFC BDO say the £5m+ is for remainder of 25-year lease with HW. HW are due what was in original creditors' report (£145,663)" As expected

Yip just seen that. Still £145 grand. Shocking

[hibbill2002]

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The FoI info I got in July explained the Council had over estimated what the Council was owed by Yams because they had assumed they would not have been paid for the PBS rates for the first half of this financial year. However, BDO had to start paying the Rates the day they took over.

The residential council tax is for private lets taken for staff. I see D J Alexander the letting agent are due £ 6500.

my ex next door neighbour (hertz ****)worked for Alexanders, they used to let flats to players and he was always getting freebies.

[hibby rae]

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Barry says "@HibeernianAFC BDO say the £5m+ is for remainder of 25-year lease with HW. HW are due what was in original creditors' report (£145,663)"

As expected

Surely that means they can't pay the rest of the lease then? I should try that with my landlord and see if he lets me stay in my flat.

[Geo_1875]

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Barry says "@HibeernianAFC BDO say the £5m+ is for remainder of 25-year lease with HW. HW are due what was in original creditors' report (£145,663)"

As expected

Banderson is wrong. HWU WERE due £145,663 in arrears from HoMFC. They WERE expecting to receive another £5m+ from HoMFC over the life of their lease on the training centre. This amount will have been included in all their business plans for future years. They WILL NOT receive a penny in settlement of these sums.

They MAY receive significantly reduced amounts under the terms of their revised lease. I stress the word MAY.

[weonlywon6-2]

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Barry says "@HibeernianAFC BDO say the £5m+ is for remainder of 25-year lease with HW. HW are due what was in original creditors' report (£145,663)"

As expected

That makes more sense,still.a.lot of money and if hearts have signed a 25 year contract then i guess they may be due it but will never pay it

[clerriehibs]

O

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Banderson is wrong. HWU WERE due £145,663 in arrears from HoMFC. They WERE expecting to receive another £5m+ from HoMFC over the life of their lease on the training centre. This amount will have been included in all their business plans for future years. They WILL NOT receive a penny in settlement of these sums.

They MAY receive significantly reduced amounts under the terms of their revised lease. I stress the word MAY.

They'll have to pay something for using riccarton.

[The_Todd]

It's sad a journo had to be prompted to find out the story behind the figures. Scottish sports media are rotten.

[BH Hibs]

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O

They'll have to pay something for using riccarton.

You would think they should but knowing them I'm not so sure

[Hibbibri]

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You would think they should but knowing them I'm not so sure

More to the point IMHO, are they paying their way at this present time for using Heriot Watt ?

i.e. Weekly or Monthly

[The Falcon]

So they are trumpeting that the CVA achieved a 100% vote of the shareholders but less than 30% of the total shareholding voted with near 50% (the biggest single shareholding) frozen by the law in Lithuania and a further 15% somewhere in Switzerland. If other reports are to be believed most shareholders didn't receive notification until after the vote had taken place

And just over £13m of a total debt of £29m/£33m voted in favour of the CVA and its carried (conditionally) with a reported approval of 87%. Were all creditors notified in time?

Is this bizarre or is it only me?

[greenginger]

A cursory glance over the new list of creditors and a couple of numbers jump out.

Right above the HMRC debt figure of £ 1,881,065 is a HMRC - VAT debt of a further £ 646,851, so total debt to tax man was £ 2,527,916.

This extra debt is not used in the vote against the CVA

In the vote for the CVA there is a figure of £ 46,317.45 accredited to G4S Secure Solutions (UK) ltd. In the Company creditors list the G4S debt is noted as £ 12,087.57. Over £ 34,000 of a discrepancy.


None of this would make any difference to the vote outcome unless BDO's other sums are very wrong too.

[I'm_cabbaged]

Just saw on facebook that sideshow has resigned from hmfc Ltd, bad news?

[greenlex]

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If this debt is wages the the DWP would have paid this in full, all they have to do is claim. It happened to me twice, businesses I worked for twice decided, on payday, to go bust and both times I got my wages paid in full by the DWP. This should be the same here, no?

Yup capped at £430 per week IIRC.

[#FromTheCapital]

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Just saw on facebook that sideshow has resigned from hmfc Ltd, bad news?

Aw shame I was starting to like him as well. Let's get this hibs.net kitty organised so we can own hearts instead

[Weststandwanab]

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More to the point IMHO, are they paying their way at this present time for using Heriot Watt ?

i.e. Weekly or Monthly

I would imagine so as they are in Administration and BJ will be paying that.

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A cursory glance over the new list of creditors and a couple of numbers jump out.

Right above the HMRC debt figure of £ 1,881,065 is a HMRC - VAT debt of a further £ 646,851, so total debt to tax man was £ 2,527,916.

This extra debt is not used in the vote against the CVA

In the vote for the CVA there is a figure of £ 46,317.45 accredited to G4S Secure Solutions (UK) ltd. In the Company creditors list the G4S debt is noted as £ 12,087.57. Over £ 34,000 of a discrepancy.


None of this would make any difference to the vote outcome unless BDO's other sums are very wrong too.

I would guess this would be V.A.T, incurred after the commencement of Administration so would not be included as creditor as of 1th June 2013. BDO's fihures are highly unlikely to be wrong. IMO

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Just saw on facebook that sideshow has resigned from hmfc Ltd, bad news?

Really, please tell us more, I could speculate that the people behind this have dumped Cuddly Bob and are taking over !

[I'm_cabbaged]

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I would imagine so as they are in Administration and BJ will be paying that.

I would guess this would be V.A.T, incurred after the commencement of Administration so would not be included as creditor as of 1th June 2013. BDO's fihures are highly unlikely to be wrong. IMO

Really, please tell us more, I could speculate that the people behind this have dumped Cuddly Bob and are taking over !

Told you all I know, just what I've saw on facebook.

[SurferRosa]

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Told you all I know, just what I've saw on facebook.

Maybe Pishydrawers has "taken action".....as he said he would..

[Treadstone]

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Maybe Pishydrawers has "taken action".....as he said he would..

Aye 'unfriended' him.

[GreenLake]

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So they are trumpeting that the CVA achieved a 100% vote of the shareholders but less than 30% of the total shareholding voted with near 50% (the biggest single shareholding) frozen by the law in Lithuania and a further 15% somewhere in Switzerland. If other reports are to be believed most shareholders didn't receive notification until after the vote had taken place

And just over £13m of a total debt of £29m/£33m voted in favour of the CVA and its carried (conditionally) with a reported approval of 87%. Were all creditors notified in time?

Is this bizarre or is it only me?

Jiggery-pokery if you ask me.

[greenginger]

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I would imagine so as they are in Administration and BJ will be paying that.

I would guess this would be V.A.T, incurred after the commencement of Administration so would not be included as creditor as of 1th June 2013. BDO's fihures are highly unlikely to be wrong. IMO

Really, please tell us more, I could speculate that the people behind this have dumped Cuddly Bob and are taking over !

Any Vat incurred after the start of admin. would be paid for by the admin. If it was incurred before admin, it should be included in the HMRC vote , that is assuming HMRC had been informed of the additional debt .

[Ronniekirk]

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Jiggery-pokery if you ask me.

Hokey Pokem if you ask me

[leggeto]

Some corrupt ex council bloke called Dave Anderson is his partner maybe they had a fall out

[Albion Hibs]

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If ever there was any doubt that Hearts should be liquidated, pure and simple, then this report confirms it.

I struggle to find words strong enough to convey my feelings about it, but its disgusting. So much damage done in their wake, and for what? To crow about winning a few football matches.

They are a disgrace to football and clubs like this MUST be eliminated if football is ever to regain any respect in society.

Their craven fans seem to think this is all a lark, but there are real world consequences to this debt. Real people lose their jobs, real businesses go bust, and real taxpayers have to pay more to cover the losses to the public purse.

Well run and socially responsible clubs like Hibs, St Johnstone, Raith Rovers and so on SHOULD NOT play in a league system with clubs like Hearts and Sevco as we are then tacitly approving their actions. We are tainted by association.

In addition, supporters of well run clubs have been cheated out of the money they have paid in supporting their own clubs, as it was a rigged game.

We should be demanding their expulsion from football, and then cheering their dissolution by law. However Scottish Football (and let's face it world football in general) is corrupt and as far from socially responsible as it's possible to get.

Some may say I'm taking this too seriously. Just ask someone who has seen their business fail, or has lost their job because of the actions of Hearts how seriously they feel about it.

Ordinary people have been cheated, and not just financially but in footballing terms, regardless if what team they support. What is even more frightening is an MP and the "first minister" are bending over backwards to help them, I wonder if they would be doing the same if it was a political party that had cheated and robbed on this scale? Our current tax paying money is funding there efforts to save an organisation that has cheated the tax payer over years, for what, to save a minority, not very democratic.

Dear Alex, will the same immunity be afforded to all football clubs, is such a policy contained within your nonsense white paper.

It reeks.

[HibbySpurs]

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Just saw on facebook that sideshow has resigned from hmfc Ltd, bad news?

Hmmmm, wasn't he the sole director? Would indicate he's giving up on the idea? Hardly surprising given the abuse he was taking off the yams...... Just not worth it.......


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[clerriehibs]

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Ordinary people have been cheated, and not just financially but in footballing terms, regardless if what team they support. What is even more frightening is an MP and the "first minister" are bending over backwards to help them, I wonder if they would be doing the same if it was a political party that had cheated and robbed on this scale? Our current tax paying money is funding there efforts to save an organisation that has cheated the tax payer over years, for what, to save a minority, not very democratic.

Dear Alex, will the same immunity be afforded to all football clubs, is such a policy contained within your nonsense white paper.

It reeks.

Isn't the Holy Ground reserved for such political rants?

[Weststandwanab]

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Any Vat incurred after the start of admin. would be paid for by the admin. If it was incurred before admin, it should be included in the HMRC vote , that is assuming HMRC had been informed of the additional debt .

On reflection that sound correct. Apologies I can only imagine that this morning I read it too quickly. Seat in the Dunce's corner for me.