Share Transfers Agreed/Cooling off period

[Just Alf]

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They will probably end up owing Hibs for wrecked seats and toilets

I take it that will come out of the pooled semi gate money

it does.... their part of it anyway...


apparently the last time there was a wee bit fighting as some of the Hear7s fans thought their muppets were some of US undercover!!!!!

[Sergey]

Tomorrow sees us into yet another new month with precious little happening and BDO have stated that monies will dry-up towards the end of March (maybe the King money might buy them a frw more weeks).

No date set for the UBIG creditors meeting, so the shares remain frozen for the foreseeable.

Time isn't really something that's in their favour.

[Jack Hackett]

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I agree

The blazers in Glasgow not sure how to go about their business

Re-arranged that slightly for you

[poolman]

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Re-arranged that slightly for you

Feel free :-)

[grunt]

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No date set for the UBIG creditors meeting, so the shares remain frozen for the foreseeable.

You're right of course, but I don't see these two issues as being connected. Even if UBIG hold their creditors meeting, the shares will remain cool and uncollected.

[07hibee]

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You're right of course, but I don't see these two issues as being connected. Even if UBIG hold their creditors meeting, the shares will remain cool and uncollected.

Is that definitely the case?just had the usual argument /discussion with a hearts fan in pub ,who sincerely believes it's just a case of Ubigs CVA getting approved in Feb ,and all is Barry again

[07hibee]

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Is that definitely the case?just had the usual argument /discussion with a hearts fan in pub ,who sincerely believes it's just a case of Ubigs CVA getting approved in Feb ,and all is Barry again

Time will tell I suppose , fingers crossed !

[CropleyWasGod]

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Is that definitely the case?just had the usual argument /discussion with a hearts fan in pub ,who sincerely believes it's just a case of Ubigs CVA getting approved in Feb ,and all is Barry again

All of UBIG's assets were frozen last April. There has been no Court hearing yet to unfreeze them, or any part of them.

I have no doubt that BDO will be working on that. It's part of their job to do so. But they can't get hold of the Hearts shares until the Lithuanian Courts say so.

[jdships]

Had lunch today with a friend who introduced me to a "life long" Hearts supporter who is a Partner in a large firm of C.A's in the West End of Edinburgh.
He joined us for the meal and as you can imagine the conversation got round to football in general and Hearts in particular.
He believes that " Admin" won't be cleared in February/March but his main concern is where the cash is coming from to maintain a " good standard of living" in the next few seasons to come .
The fact that clubs in Scotland cannot exist over a season on monies taken at the gate/ST cash worries and all must hope they can persuade a "Sheik Ali Ben Useless " to bankroll them .
To the best of his knowledge there is/are no " seriously rich" person(s) among the people waiting to " take over" the club and he genuinely believes it may be more than one season before they are in a financial position to attract top class players to the PBS .
Also it has to be taken into consideration the situation with the Main Stand . His words " Has to be rebuilt sooner than later or else !!"
Time will tell , as usual .

C

[gaz1875]

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Horrendous. Looks like a George Foreman grill.

[Fat Penlon]

The king money will last a few weeks then they'll get the semi final money which will last a few weeks maybe a bit longer by then they will be relegated and can start selling ST's for the championship which will keep them going and will be supplemented by the spfl payment for finishing 12th so IMO they will creep along into next season before the money really gets to be a big issue.

If BDO told Stevenson "we have accepted a bid for you and you need to go or hearts will run out of money and need to be liquidated" there is no way he would turn the move down so i admit it will be tight but there is no way they will run out of cash before next season.

[CropleyWasGod]

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The king money will last a few weeks then they'll get the semi final money which will last a few weeks maybe a bit longer by then they will be relegated and can start selling ST's for the championship which will keep them going and will be supplemented by the spfl payment for finishing 12th so IMO they will creep along into next season before the money really gets to be a big issue.

If BDO told Stevenson "we have accepted a bid for you and you need to go or hearts will run out of money and need to be liquidated" there is no way he would turn the move down so i admit it will be tight but there is no way they will run out of cash before next season.

Don't think they can without a major huff from FOH and/or their backers.

[cabbageandribs1875]

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The yams will be reading this thinking how similar their stadium would have looked while playing their Champions League final stage games.

http://www.bbc.com/sport/0/football/25978150

looks like a giant-sized computer mouse, the hertz one will be in the shape of a mega-sized Rat, or maybe even a pig...one that flys

[Technofob]

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Had lunch today with a friend who introduced me to a "life long" Hearts supporter who is a Partner in a large firm of C.A's in the West End of Edinburgh.
He joined us for the meal and as you can imagine the conversation got round to football in general and Hearts in particular.
He believes that " Admin" won't be cleared in February/March but his main concern is where the cash is coming from to maintain a " good standard of living" in the next few seasons to come .
The fact that clubs in Scotland cannot exist over a season on monies taken at the gate/ST cash worries and all must hope they can persuade a "Sheik Ali Ben Useless " to bankroll them .
To the best of his knowledge there is/are no " seriously rich" person(s) among the people waiting to " take over" the club and he genuinely believes it may be more than one season before they are in a financial position to attract top class players to the PBS .
Also it has to be taken into consideration the situation with the Main Stand . His words " Has to be rebuilt sooner than later or else !!"
Time will tell , as usual .

C

Am I being thick, but I thought surviving on ST/gate money is being 'self sufficient'?

[CropleyWasGod]

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Am I being thick, but I thought surviving on ST/gate money is being 'self sufficient'?

Where have you been for the last 10 years?

Page 1 of the Yamanomic Manual. I quote "Do not spend less than you bring in. There lies dragons."

[Fat Penlon]

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Don't think they can without a major huff from FOH and/or their backers.

Hibs ST's will be out in a matter of weeks as the early bird scheme is now quite popular. I think that would be the natural time to launch them nowadays wouldn't it? Anyway they would sell ST's to keep the club going rather than pull the shutters down that's for sure.

[greenginger]

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Had lunch today with a friend who introduced me to a "life long" Hearts supporter who is a Partner in a large firm of C.A's in the West End of Edinburgh.
He joined us for the meal and as you can imagine the conversation got round to football in general and Hearts in particular.
He believes that " Admin" won't be cleared in February/March but his main concern is where the cash is coming from to maintain a " good standard of living" in the next few seasons to come .
The fact that clubs in Scotland cannot exist over a season on monies taken at the gate/ST cash worries and all must hope they can persuade a "Sheik Ali Ben Useless " to bankroll them .
To the best of his knowledge there is/are no " seriously rich" person(s) among the people waiting to " take over" the club and he genuinely believes it may be more than one season before they are in a financial position to attract top class players to the PBS .
Also it has to be taken into consideration the situation with the Main Stand . His words " Has to be rebuilt sooner than later or else !!"
Time will tell , as usual .

C

Did this " life long " Hearts supporter wear a maroon cardigan and was there a shiny almost vintage Rover parked nearby, by any chance ?

He did'nt happen to say why those true life long Jambos, Mackie and Ford quit FoH after being in it from the beginning.

[Mon Dieu4]

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Hibs ST's will be out in a matter of weeks as the early bird scheme is now quite popular. I think that would be the natural time to launch them nowadays wouldn't it? Anyway they would sell ST's to keep the club going rather than pull the shutters down that's for sure.

Early birds are normally due to the finance deals attached, can't see a hope in hell of any company wanting to offer the Yams one of them at the minute, so looks like if they ever do go on sale it will be cash upfront

[CropleyWasGod]

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Hibs ST's will be out in a matter of weeks as the early bird scheme is now quite popular. I think that would be the natural time to launch them nowadays wouldn't it? Anyway they would sell ST's to keep the club going rather than pull the shutters down that's for sure.

I agree that it would make sense in the normal scheme of things.

However, this is not a normal scenario. FOH's business model, which has no doubt been approved by their backers, is based on next season's ST sales being available to them. If FOH do manage to take control before next season, how would they fund it?

[jdships]

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Did this " life long " Hearts supporter wear a maroon cardigan and was there a shiny almost vintage Rover parked nearby, by any chance ?

He did'nt happen to say why those true life long Jambos, Mackie and Ford quit FoH after being in it from the beginning.

Funny thing was he was wearing a white shirt with a dark green tie !!
It would appear that anyone with a balanced take on this realises what FoH are up against over the next two/three seasons .
Pretty sure they will get by but at what level ?

[Kato]

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I agree that it would make sense in the normal scheme of things.

However, this is not a normal scenario. FOH's business model, which has no doubt been approved by their backers, is based on next season's ST sales being available to them. If FOH do manage to take control before next season, how would they fund it?

All the money due the tax-man, local services, charities, electricty etc would go towards paying the likes of Rudi their wages, and damn the consequences. Business as usual.

[CropleyWasGod]

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All the money due the tax-man, local services, charities, electricty etc would go towards paying the likes of Rudi their wages, and damn the consequences. Business as usual.

But this time with much less income.

[Pete]

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looks like a giant-sized computer mouse, the hertz one will be in the shape of a mega-sized Rat, or maybe even a pig...one that flys

It looks like a roof box.

[Kato]

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looks like a giant-sized computer mouse, the hertz one will be in the shape of a mega-sized Rat, or maybe even a pig...one that flys

Lavvy pan lid.

[Fat Penlon]

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I agree that it would make sense in the normal scheme of things.

However, this is not a normal scenario. FOH's business model, which has no doubt been approved by their backers, is based on next season's ST sales being available to them. If FOH do manage to take control before next season, how would they fund it?

Use the FOH direct debit money and delay the repayments until the season ticket money comes in next year? If saving the club means so much to the FOH backers you would imagine they would allow the repayments to be delayed a few months to get the club on a firm footing.

[Kato]

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But this time with much less income.

I know, wouldn't it be fun? I think they'd come over Bobby Seith,

I think the SPFL should change their membership rules next season making teams comply with the Taylor Report.

[07hibee]

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All of UBIG's assets were frozen last April. There has been no Court hearing yet to unfreeze them, or any part of them.

I have no doubt that BDO will be working on that. It's part of their job to do so. But they can't get hold of the Hearts shares until the Lithuanian Courts say so.

That's what I said to him,he came back with the building they owned at ant Andrews squares up for sale and ,the sale of shares has been approved pending Ubig cvs meeting in Feb,which he reckons is a shoe in

[matty_f]

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That's what I said to him,he came back with the building they owned at ant Andrews squares up for sale and ,the sale of shares has been approved pending Ubig cvs meeting in Feb,which he reckons is a shoe in

The building was bought by UKIO rather than UBIG so that's that point f***ed, iirc.

[CropleyWasGod]

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That's what I said to him,he came back with the building they owned at ant Andrews squares up for sale and ,the sale of shares has been approved pending Ubig cvs meeting in Feb,which he reckons is a shoe in

You go back to him with:-

1. the building is up for sale but, if it is indeed owned by UBIG (and who the hell knows? ) then it can't be transferred to a new owner until the Court says so.

2. the sale of shares might be approved, but the transfer can't take place until the Court says so.

Put it to him this way. You can agree to buy my house but, if there is an inhibition on the sale, the actual transaction can't take place until the Court says so.

There's a common thread in there. Hit him over the head whilst you repeat it. 7 times.

[Gus Fring]

The FOH and the backers have made it abundantly clear the Season Ticket money is absolutely essential to them taking control of the club. If BDO sell season tickets this season then it's because times are horribly desperate at Tynecastle. They can only do it with FOH permission.

Also, there are no guarantees any company will offer finance to Hearts or any other company as Zebra finance themselves went into administration and were bought over by another company.