Share Transfers Agreed/Cooling off period

[jacomo]

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Good reminder Bob! Quick question for JKB watchers, has anyone over there even ventured the possibility that they may still be in admin come season end with all the dire consequences that brings? I realise this is almost certainly a rhetorical question but its now a year since the great share issue fraud & yet they continue to believe in all the fairy tales which ooze out of the PBS.

Based on the DAFC timeline, even if the CVA is unconditionally approved by all creditors at the beginning of January, they will be lucky to be out of admin by June.

[paul_hfc3]

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At the end of the day, it all comes down to plums on seats!!! And there are still plenty of them!

Na no really. Look at Rangers, 50,000 odd fans at Ibrox almost close enough or all filled and they (Rangers) were/are in a right state.

[weecounty hibby]

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I'm not believing they'll run out of cash.

They've got 7,000 guaranteed seasons to fall back on, and the introduction of the season tickets for sale in March will see them through this season. It might put pressure on their cash flow for next season though.

BDO only need to put that begging bowl out and the deluded will come running. Even if they don't know which League they will be in next year if at all, the chumps will empty the bairns piggy banks, and get the ovens fired up once again.

That only works so often, even with completely brain dead morons. I don't think that the begging bowl efforts would be as successful if tried again. I would think that even the DiDDies have started to dwindle already. If as you say they start to sell STs for next season in March there is no way they will be able to get through next season as they would hope and get promotion back to top division. Not much chance of those £300k bids for May and McKay being put through I suspect

[Onceinawhile]

If ict beat them in the semi final then they will be struggling for cash, if they don't I think they will probably be ok money wise.

[greenginger]

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Forgive me if I missed this but : does anyone know who actually owns or controls the 50% shares that were assumed to be in ubig's possession?

Is it definitely confirmed as being in ubig's ownership?

I don't think it was ever definitely confirmed that UBIG still held the shares. Their admin. had barely got his feet under the desk before the CVA vote and I think there is a hell of a lot more stuff of importance to sort than a few million Yam shares.

There was plenty of time for Vlad and his cronies to shift the shares before UBIG and Vlad's assets were frozen and Vlad did transfer the ownership of his houses and tried a few tricks with other shares in companies so why not ship the heart's shares to a safer place ( that is supposing they thought they might be worth anything )

Fedatovas did state after Vlad and the other directors all resigned from UBIG that Vlad still controlled HOMFC.

So who Knows ? The niece was already holding 15% of the equity in Quantum Holdings or something but I would have thought the actual holders of the shares would have made themselves known as the shares will be worthless come liquidation.

[Greenworld]

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I don't think it was ever definitely confirmed that UBIG still held the shares. Their admin. had barely got his feet under the desk before the CVA vote and I think there is a hell of a lot more stuff of importance to sort than a few million Yam shares.

There was plenty of time for Vlad and his cronies to shift the shares before UBIG and Vlad's assets were frozen and Vlad did transfer the ownership of his houses and tried a few tricks with other shares in companies so why not ship the heart's shares to a safer place ( that is supposing they thought they might be worth anything )

Fedatovas did state after Vlad and the other directors all resigned from UBIG that Vlad still controlled HOMFC.

So who Knows ? The niece was already holding 15% of the equity in Quantum Holdings or something but I would have thought the actual holders of the shares would have made themselves known as the shares will be worthless come liquidation.

Listen the talk is over they are ****ed when we beat
them on Thursday that will be the end they and their fans will wilt
away disdapear already they are fighting within...magic

[Ronniekirk]

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Listen the talk is over they are ****ed when we beat
them on Thursday that will be the end they and their fans will wilt
away disdapear already they are fighting within...magic

Wishfully thinking but agree if we beat them and they go out cup crowds will dwindle as sweet F A to play for so only hard core will try and do a Rangers and stay defiant till the end The other Scenario is administrators string them along again and end of January say they are close to deal for fans to take over but need one last big push then they do same again about keeping money coming in so they can bounce straight back up with all those players waiting in the wings to play for the cause when they do go down some of them will just use hearts as a gravy train and that will lead to more problems when they don't come back up

[Springbank]

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I don't think it was ever definitely confirmed that UBIG still held the shares. Their admin. had barely got his feet under the desk before the CVA vote and I think there is a hell of a lot more stuff of importance to sort than a few million Yam shares.

There was plenty of time for Vlad and his cronies to shift the shares before UBIG and Vlad's assets were frozen and Vlad did transfer the ownership of his houses and tried a few tricks with other shares in companies so why not ship the heart's shares to a safer place ( that is supposing they thought they might be worth anything )

Fedatovas did state after Vlad and the other directors all resigned from UBIG that Vlad still controlled HOMFC.

So who Knows ? The niece was already holding 15% of the equity in Quantum Holdings or something but I would have thought the actual holders of the shares would have made themselves known as the shares will be worthless come liquidation.

Thanks

Seems to me like they won't complete the season...

...unless the share ownership is resolved

[grunt]

Barry Anderson on Twitter:

Barry Anderson ‏@BarryAnderson_8 21m This is frightening. Bolton Wanderers' debt is now £163.8m. http://www.theboltonnews.co.uk/sport/wanderers/wanderersnews/10905726.Bolton_Wanderers__debt_reaches_record_lev els/ … #BWFC

I wonder how this compares to Hearts level of debt as a ratio to their turnover. I'm pretty sure if you added back the "forgiveness" - which is basically Vlad writing off the debt -the Bolton numbers would compare to Hearts.

Edit to add - from the story linked in the tweet, at least Bolton maintained their wages at a level within their turnover.

[cocopops1875]

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Barry Anderson on Twitter:

Barry Anderson ‏@BarryAnderson_8 21m This is frightening. Bolton Wanderers' debt is now £163.8m. http://www.theboltonnews.co.uk/sport/wanderers/wanderersnews/10905726.Bolton_Wanderers__debt_reaches_record_lev els/ … #BWFC

I wonder how this compares to Hearts level of debt as a ratio to their turnover. I'm pretty sure if you added back the "forgiveness" - which is basically Vlad writing off the debt -the Bolton numbers would compare to Hearts.

Ask him ?

[Peevemor]

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Barry Anderson on Twitter:

Barry Anderson ‏@BarryAnderson_8 21m This is frightening. Bolton Wanderers' debt is now £163.8m. http://www.theboltonnews.co.uk/sport/wanderers/wanderersnews/10905726.Bolton_Wanderers__debt_reaches_record_lev els/ … #BWFC

I wonder how this compares to Hearts level of debt as a ratio to their turnover. I'm pretty sure if you added back the "forgiveness" - which is basically Vlad writing off the debt -the Bolton numbers would compare to Hearts.

Edit to add - from the story linked in the tweet, at last Bolton maintained their wages at a level within their turnover.

In 2007/8, their turnover was £51m - more than 5 times that of Hearts.

http://www.footballeconomy.com/conte...hletic-company

[Bostonhibby]

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Barry Anderson on Twitter:

Barry Anderson ‏@BarryAnderson_8 21m This is frightening. Bolton Wanderers' debt is now £163.8m. http://www.theboltonnews.co.uk/sport/wanderers/wanderersnews/10905726.Bolton_Wanderers__debt_reaches_record_lev els/ … #BWFC

I wonder how this compares to Hearts level of debt as a ratio to their turnover. I'm pretty sure if you added back the "forgiveness" - which is basically Vlad writing off the debt -the Bolton numbers would compare to Hearts.

Edit to add - from the story linked in the tweet, at last Bolton maintained their wages at a level within their turnover.

Indeed, but hearts are a big team who owed it to themselves.

Which of the two clubs are in admin having bumped their creditors and their own favourite charities?

And allisbarry is a reporter - it must be true as the EEN employ him and give him money.

[jacomo]

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Barry Anderson on Twitter:

Barry Anderson ‏@BarryAnderson_8 21m This is frightening. Bolton Wanderers' debt is now £163.8m. http://www.theboltonnews.co.uk/sport/wanderers/wanderersnews/10905726.Bolton_Wanderers__debt_reaches_record_lev els/ … #BWFC

I wonder how this compares to Hearts level of debt as a ratio to their turnover. I'm pretty sure if you added back the "forgiveness" - which is basically Vlad writing off the debt -the Bolton numbers would compare to Hearts.

Edit to add - from the story linked in the tweet, at least Bolton maintained their wages at a level within their turnover.

The real difference is that BWFC is owned by someone who actually gives a sh*t about the club.

[Dashing Bob S]

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The real difference is that BWFC is owned by someone who actually gives a sh*t about the club.

Hearts don't have that problem, but at least they are managed by somebody passionately committed to the club.

And long may that beautiful state of affairs continue.

[clerriehibs]

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Barry Anderson on Twitter:

Barry Anderson ‏@BarryAnderson_8 21m This is frightening. Bolton Wanderers' debt is now £163.8m. http://www.theboltonnews.co.uk/sport/wanderers/wanderersnews/10905726.Bolton_Wanderers__debt_reaches_record_lev els/ … #BWFC

I wonder how this compares to Hearts level of debt as a ratio to their turnover. I'm pretty sure if you added back the "forgiveness" - which is basically Vlad writing off the debt -the Bolton numbers would compare to Hearts.

Edit to add - from the story linked in the tweet, at least Bolton maintained their wages at a level within their turnover.

Interesting that allisbarry never showed any interest in the true level of homfc debt, even tho the EEN has him 'aligned' with them.

[brog]

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I'm not believing they'll run out of cash.

They've got 7,000 guaranteed seasons to fall back on, and the introduction of the season tickets for sale in March will see them through this season. It might put pressure on their cash flow for next season though.

BDO only need to put that begging bowl out and the deluded will come running. Even if they don't know which League they will be in next year if at all, the chumps will empty the bairns piggy banks, and get the ovens fired up once again.

I'm not sure thats correct. I think it was the cash from the 7,000 season tickets which disappeared, almost certainly into the same black hole as the share issue money. The Yams then went out with the begging bowl again, did a bunch of special offers & moved about another 3,500 seasons, a fairly high % of which were discounted. That money will also mostly have gone by now. I think their LC semi may be a watershed, win it & they'll lurch on through to the final for the revenue, lose it & the lights could be going out all over Gorgie!

[LancashireHibby]

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The real difference is that BWFC is owned by someone who actually gives a sh*t about the club.

Indeed, of the debt, the vast majority of it is owed to Eddie Davies who has effectively written the debt off. The club also bought the running of the hotel at the Reebok this year and have chucked a bucketload of money at the 'Middlebrook Masterplan' which will provide a good few different areas of income over the coming years. Certainly a little different to the Yams throwing non-existent money down a black hole.

[gegs70]

Although it would appear to be a huge debt do bolton not own the retail park that the stadium sits in so so gain a steady income from that? Also they own a pretty decent stadium too??

[green glory]

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Although it would appear to be a huge debt do bolton not own the retail park that the stadium sits in so so gain a steady income from that? Also they own a pretty decent stadium too??

Are you suggesting the PBS isn't a decent stadium?

[Bostonhibby]

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Indeed, of the debt, the vast majority of it is owed to Eddie Davies who has effectively written the debt off. The club also bought the running of the hotel at the Reebok this year and have chucked a bucketload of money at the 'Middlebrook Masterplan' which will provide a good few different areas of income over the coming years. Certainly a little different to the Yams throwing non-existent money down a black hole.

Know the area pretty well, Middlebrook and the area around the hotel has a positive feel to it, and BW also play in an already built megasuperhotelstadium complex a bit like the yam were planning. Shame it only ever reached the pile of cardboard boxes stage.

[Aldo]

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I'm not sure thats correct. I think it was the cash from the 7,000 season tickets which disappeared, almost certainly into the same black hole as the share issue money. The Yams then went out with the begging bowl again, did a bunch of special offers & moved about another 3,500 seasons, a fairly high % of which were discounted. That money will also mostly have gone by now. I think their LC semi may be a watershed, win it & they'll lurch on through to the final for the revenue, lose it & the lights could be going out all over Gorgie!

Brog I believe you are correct. The 7000 ST's money plus share monies were put in suitcases and whipped away to Lithland or indeed Russia by Vlad and his laddie.

I remember from the off BDO begging for between 3000 and 3500 to start or survive until the season started.

[NadeAteMyLunch!]

Hate the thought of Hearts zombie'ing on due to winning this upcoming semi against ICT. Wouldn't surprise me if they won it on penalties. The cup run would then read; beat Raith on penalties, beat QoS on penalties, one of their luckiest ever wins against us then another penalties win.

[greenginger]

https://twitter.com/The_FoH

Some fellow called Davie Hogg asking FoH " how many direct debits have been lost since the peek "

FoH respond by wishing everyone a happy new year, hiding the question without answering it.

Major cover-up going on, me thinks.

[Just Alf]

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Maybe not best idea to share in public (just yet)

[Aldo]

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https://twitter.com/The_FoH Some fellow called Davie Hogg asking FoH " how many direct debits have been lost since the peek " FoH respond by wishing everyone a happy new year, hiding the question without answering it. Major cover-up going on, me thinks.

All has gone very very quite down FoH way. They will only shout the amount of DD's when they are on the up and when it suits.
Their silence is deafing and I think things may not be going to plan.

Not even heard any adverts on radio.

Allisbarry

[brog]

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https://twitter.com/The_FoH

Some fellow called Davie Hogg asking FoH " how many direct debits have been lost since the peek "

FoH respond by wishing everyone a happy new year, hiding the question without answering it.

Major cover-up going on, me thinks.

I couldn't see the question but saw a response which indicated Davie Hogg was stopping his DD. As Davie Hogg was a Hibs player & fan I think this could be a nice old wind up. Suspect a fair few have pulled out but if they say so they only encourage the rush to oblivion!

[greenginger]

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I couldn't see the question but saw a response which indicated Davie Hogg was stopping his DD. As Davie Hogg was a Hibs player & fan I think this could be a nice old wind up. Suspect a fair few have pulled out but if they say so they only encourage the rush to oblivion!

The question is behind the Tweet that starts " with that a heart felt happy new year ... " It is still the top tweet from 2 hours ago, but has been covered by a non-answer. Press the expand . I think there will be quite a few Davie Hogg 's in East of Scotland.

One definite wind-up is the lad Mathew something , on Christmas day he tweets he wants to donate all his christmas money to FoH and gets a response with a great thank-you and instructions . Look at the guys face page or tweet page and it is a picture of Easter Road taken from Calton Hill.

[Seveno]

I would surmise that if they announced that the DDs had reduced by say 20%', it would start a dramatic slide.

' Am no payin if he's no payin'.

[Bostonhibby]

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I would surmise that if they announced that the DDs had reduced by say 20%', it would start a dramatic slide.

' Am no payin if he's no payin'.

Diddies who didnae. We will be hearing a lot more about this group in months to come.

[Sergey]

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I couldn't see the question but saw a response which indicated Davie Hogg was stopping his DD. As Davie Hogg was a Hibs player & fan I think this could be a nice old wind up. Suspect a fair few have pulled out but if they say so they only encourage the rush to oblivion!

As has been mentioned before, the DD's are only going to go one way and will drop-off over time, as anyone who was going to subscribe, will have done so already. FoH must have factored into their plan a % into their (oxymoron alert) business model for unpaid subs.

The whole scheme is flawed and the resignation of key directors may have set the alarm bells ringing (although even a brass hammer striking inside their hollow heads would probably go unnoticed)