Share Transfers Agreed/Cooling off period

[Saorsa]

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Well they do have previous

True, good point.

[kaimendhibs]

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They need something to cling on to.

They are cling ons


Sent from my iphone

[Deansy]

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Do they tramps who claim they will come out of this "bigger and better than ever" not realize there will be no more over-spending which made them "better" than the rest previously?

When they do return they are in for a big, big shock.

No - it seems there's a mass-belief that the last 30+ years of 'Finance Football' has ALWAYS been the level of their club. There's a complete unwillingness on their part to look at their club's history BEFORE Mercer started them off on their 'Fantasy-Ride' - it's almost as if they've NEVER been s***e at any time - which if they had the guts/brains to look seriously, they would realise that s***e IS their level !!

[BH Hibs]

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No - it seems there's a mass-belief that the last 30+ years of 'Finance Football' has ALWAYS been the level of their club. There's a complete unwillingness on their part to look at their club's history BEFORE Mercer started them off on their 'Fantasy-Ride' - it's almost as if they've NEVER been s***e at any time - which if they had the guts/brains to look seriously, they would realise that s***e IS their level !!

Yup think that sums it up perfectly

[Inch Hibs]

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No - it seems there's a mass-belief that the last 30+ years of 'Finance Football' has ALWAYS been the level of their club. There's a complete unwillingness on their part to look at their club's history BEFORE Mercer started them off on their 'Fantasy-Ride' - it's almost as if they've NEVER been s***e at any time - which if they had the guts/brains to look seriously, they would realise that s***e IS their level !!

Spot on lad

[StevieC]

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Hearts = bigger income - oops no debt repayments + tax free fan subsidies

Result = Hearts far wealthier than hibs (and every other non old firm club)

Apart from the fact that the "fan subsidies" will be used to pay the CVA debt .. they also have a crumbling main stand that will need to be replaced sometime soon. The fact that it's their "main stand" (and as such will need properly fitted out to be "fit for purpose") is going to have a pretty major impact on their "no debt repayments" fantasy.
I can only hazard a gues at the cost of a new main stand (depending on how many corners they cut) but it's surely got to be in the region of £6m-£8m?? Couple that with their higher "rental" costs for their training facilities, then I really can't see them ever being "far wealthier"? At least not in my lifetime.

[The_Todd]

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Apart from the fact that the "fan subsidies" will be used to pay the CVA debt .. they also have a crumbling main stand that will need to be replaced sometime soon. The fact that it's their "main stand" (and as such will need properly fitted out to be "fit for purpose") is going to have a pretty major impact on their "no debt repayments" fantasy.
I can only hazard a gues at the cost of a new main stand (depending on how many corners they cut) but it's surely got to be in the region of £6m-£8m?? Couple that with their higher "rental" costs for their training facilities, then I really can't see them ever being "far wealthier"? At least not in my lifetime.

How would they fund a new stand? I cannot see them being able to obtain any credit.

[steviehibsleith]

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Apart from the fact that the "fan subsidies" will be used to pay the CVA debt .. they also have a crumbling main stand that will need to be replaced sometime soon. The fact that it's their "main stand" (and as such will need properly fitted out to be "fit for purpose") is going to have a pretty major impact on their "no debt repayments" fantasy.
I can only hazard a gues at the cost of a new main stand (depending on how many corners they cut) but it's surely got to be in the region of £6m-£8m?? Couple that with their higher "rental" costs for their training facilities, then I really can't see them ever being "far wealthier"? At least not in my lifetime.

I thought they had negotiated a reduced rate with HWU. Think at the time was being quoted at £6000 a week was the origanal fee, I was interested if anyone knew the new rate.

[Gus Fring]

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Apart from the fact that the "fan subsidies" will be used to pay the CVA debt .. they also have a crumbling main stand that will need to be replaced sometime soon. The fact that it's their "main stand" (and as such will need properly fitted out to be "fit for purpose") is going to have a pretty major impact on their "no debt repayments" fantasy.
I can only hazard a gues at the cost of a new main stand (depending on how many corners they cut) but it's surely got to be in the region of £6m-£8m?? Couple that with their higher "rental" costs for their training facilities, then I really can't see them ever being "far wealthier"? At least not in my lifetime.

It's possible that if the main stand was eventually declared unsafe that it would just be demolished. They don't need 4 stands.

[Phil D. Rolls]

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It's possible that if the main stand was eventually declared unsafe that it would just be demolished. They don't need 4 stands.

Could be good news for anyone looking to rent parking spaces for free, in the local area.

[StevieC]

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I thought they had negotiated a reduced rate with HWU. Think at the time was being quoted at £6000 a week was the origanal fee, I was interested if anyone knew the new rate.

My understanding was that the reduced rate was short term, possibly just during the administration period (although I could be mistaken). If HWU is to be upgraded to a "sporting centre of excellence" then the rental could possibly end up more than the original agreement.

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It's possible that if the main stand was eventually declared unsafe that it would just be demolished. They don't need 4 stands.

No .. but they do NEED somewhere to get changed.

[Gus Fring]

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My understanding was that the reduced rate was short term, possibly just during the administration period (although I could be mistaken). If HWU is to be upgraded to a "sporting centre of excellence" then the rental could possibly end up more than the original agreement.



No .. but they do NEED somewhere to get changed.

The new "Home Portakabin" will take care of that.

[poolman]

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The new "Home Portakabin" will take care of that.

Just saw this in Mcleod Street

[Skol]

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It's possible that if the main stand was eventually declared unsafe that it would just be demolished. They don't need 4 stands.

Unless the buffoons have some kind of a preservation order on it to stop a developer from buying the place :-)

[Eyrie]

The reality for the Yams is that they will be relegated and unable to find their way back up in one season due to the presence of Sevco Huns. The lack of success will see their fans tire of a "great adventure" resulting in both DDs and season tickets not being renewed. And that will put further downward pressure on their finances, creating a virtuous circle.

Add in that the asbestos deathtrap needs replaced, most of the remaining Save Hearts In Trouble DDs are committed to repaying the mega-wealthy Budge and the outstanding football debts have to be repaid. The future for the Yams is clear - they are the next Dundee, a once famous club doomed to drift between the divisions for years to come.

Anyone who has ever dealt with a club committee (bowling, miners etc) will know just how much fun is in store if/when Save Hearts In Trouble take over. Friction between those on the committee and constant sniping and unrealistic expectations from those unwilling to actually join the committee.

[scoopyboy]

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The reality for the Yams is that they will be relegated and unable to find their way back up in one season due to the presence of Sevco Huns. The lack of success will see their fans tire of a "great adventure" resulting in both DDs and season tickets not being renewed. And that will put further downward pressure on their finances, creating a virtuous circle.

Add in that the asbestos deathtrap needs replaced, most of the remaining Save Hearts In Trouble DDs are committed to repaying the mega-wealthy Budge and the outstanding football debts have to be repaid. The future for the Yams is clear - they are the next Dundee, a once famous club doomed to drift between the divisions for years to come.

Anyone who has ever dealt with a club committee (bowling, miners etc) will know just how much fun is in store if/when Save Hearts In Trouble take over. Friction between those on the committee and constant sniping and unrealistic expectations from those unwilling to actually join the committee.

There are the play offs which gives them a fighting chance.

[The_Todd]

We don't know how long their admin will drag on for. Until they exit it any talk of even challenging for the playoffs is premature.

[Eyrie]

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There are the play offs which gives them a fighting chance.

The playoffs have been designed to keep the SPL club up by making the First Division (can't take the name "Championship" seriously) clubs play extra fixtures. And there will be plenty of other teams eyeing up those three play off berths who will be every bit as strong as next year's Yams team. I'll agree they have a chance, but it's a very slim one.

[scoopyboy]

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The playoffs have been designed to keep the SPL club up by making the First Division (can't take the name "Championship" seriously) clubs play extra fixtures. And there will be plenty of other teams eyeing up those three play off berths who will be every bit as strong as next year's Yams team. I'll agree they have a chance, but it's a very slim one.

I'm not disagreeing Eyrie, merely pointing out that the presence of Rangers does not stop them getting promoted.

Without plays offs being introduced I would have said they had no chance whatsoever.

[Dashing Bob S]

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The reality for the Yams is that they will be relegated and unable to find their way back up in one season due to the presence of Sevco Huns. The lack of success will see their fans tire of a "great adventure" resulting in both DDs and season tickets not being renewed. And that will put further downward pressure on their finances, creating a virtuous circle.

Add in that the asbestos deathtrap needs replaced, most of the remaining Save Hearts In Trouble DDs are committed to repaying the mega-wealthy Budge and the outstanding football debts have to be repaid. The future for the Yams is clear - they are the next Dundee, a once famous club doomed to drift between the divisions for years to come.

Anyone who has ever dealt with a club committee (bowling, miners etc) will know just how much fun is in store if/when Save Hearts In Trouble take over. Friction between those on the committee and constant sniping and unrealistic expectations from those unwilling to actually join the committee.

And this is the very best case scenario.

I don't think it'll come to that. I'm predicting liquidation.

[PatHead]

Wouldn't it be funny if their match was postponed tomorrow and Tattooman was suspended for the semi whilst they lost money on re-arranging the St Mirren game.

[Saorsa]

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Wouldn't it be funny if their match was postponed tomorrow and Tattooman was suspended for the semi whilst they lost money on re-arranging the St Mirren game.

Stop it

[weonlywon6-2]

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Wouldn't it be funny if their match was postponed tomorrow and Tattooman was suspended for the semi whilst they lost money on re-arranging the St Mirren game.

just nip up the A9 and open a gate and lets loads of cattle out so the road is blocked, you never know,give them a ball and theyd probably beat hearts as well !!

[gorgie greens]

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I don't think FoH can use Club income to pay off debts for the club purchase. That would be a leveraged purchase which are no longer allowed.

If DDs dry up it has to be cake sales and face painting

Or face washing in Lockes case

[greenginger]

A few days ago a poster suggested someone e-mail Bryan Bradley at Bloomberg as he is on the ground in Lithuania and may have better info. on the whole Ukio/UBIG mess than our local hacks.

I did just that and got a very courteous reply, unfortunately he seems to know less than Hibs.net as in his words it is " last years news " and will only surface if something very big happens.

He attached the link to the UBIG bankruptcy site.

http://www.bankrotodep.lt/Company.ph...Code=135201099

A dead end there I'm afraid.

[The Falcon]

If everything goes according to plan for BDO/FOH and HMFC continue will that mean that Quantum Holdings (aka Vlad's niece aka Vlad) will retain their 15% shareholding?

[greenginger]

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If everything goes according to plan for BDO/FOH and HMFC continue will that mean that Quantum Holdings (aka Vlad's niece aka Vlad) will retain their 15% shareholding?

Don't forget the 4.45 % owned by HOMFC 2005 Ltd, a company dissolved last year. These shares are now owned by HRH Queen Elizabeth, although I doubt she knows it.

Offers however have been made by Hibs.net

[Col2]

Liquidate them. Only true justice for the cheating (spending money they don't have to gain football advantage).

I will piss myself laughing when that day comes and then they can all tell us how it was all worth it.

[Springbank]

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just nip up the A9 and open a gate and lets loads of cattle out so the road is blocked, you never know,give them a ball and theyd probably beat hearts as well !!

Play for the Jersey

[Waxy]

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Liquidate them. Only true justice for the cheating (spending money they don't have to gain football advantage).

I will piss myself laughing when that day comes and then they can all tell us how it was all worth it.

Worst case is they get relegated, struggle to come back up for years,end up having to sell tynie because they can't afford to keep playing there and they have to live within their means for the rest of their puff(something they've not been used to for the last 30 years).It's quite hilarious how even now, reality doesn't seem to be sinking in for them.