Share Transfers Agreed/Cooling off period

[CropleyWasGod]

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What will hurt them more is if we start winning games. The hurt and seethe over their if we won the Scottish this season would eclipse their liquidation. They are truly obsessed with the famous Hibernian FC.

[Juice-Terry]

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They won't run out of money, FOH must have well over a million in the bank now and Jackson and co' can release the begging bowls for the spuds to empty their monthly social into "their" club.

But the money FOH have supposedly raised through DDs is meant to be spent on paying back whoever is putting up the money for the purchase of the club + part of next season's operating costs is it not? I would have thought FOH are very badly placed to spend any of that money for this season's running of the club?

[Ross4356]

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If there are still any D/D's still being paid, it will be used for running costs.

So after the money they used to buy the club is paid off, say 3yrs, it won't make any difference whether they cancel the DD's or not and even during the 3yr period they could as a last resort get the money from the bank but this is unlikley as the people who gave them the cash initially are, "Hearts people".

I can't see any issue for them being able to run the club this way

[CropleyWasGod]

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So after the money they used to buy the club is paid off, say 3yrs, it won't make any difference whether they cancel the DD's or not and even during the 3yr period they could as a last resort get the money from the bank but this is unlikley as the people who gave them the cash initially are, "Hearts people".

I can't see any issue for them being able to run the club this way

The D/D's can be cancelled at any time. In other words, there is no assurance that the debt will be paid off at all, and I think 3 years is optimistic.

[StevieC]

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The hurt and seethe over their if we won the Scottish this season

The innocence of youth.

[grunt]

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They are truly obsessed with the famous Hibernian FC.

I feel obligated to point out that this is post 38000 plus on a thread about them! :D

[StevieC]

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But the money FOH have supposedly raised through DDs is meant to be spent on paying back whoever is putting up the money for the purchase of the club + part of next season's operating costs is it not? I would have thought FOH are very badly placed to spend any of that money for this season's running of the club?

If the two options are (1) use the FoH money or (2) Liquidate .. then it is almost certain that there will be changes made to the FoH constitution (as suggested by CWG) that will allow them to use the money.

At the end of the day, how many supporters are going to object to their "donations" being used to "save" the club?

[Juice-Terry]

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If the two options are (1) use the FoH money or (2) Liquidate .. then it is almost certain that there will be changes made to the FoH constitution (as suggested by CWG) that will allow them to use the money.

At the end of the day, how many supporters are going to object to their "donations" being used to "save" the club?

I'm sure that's the case, but this would surely put them in a *very* bad position next season - with less money for paying off the backers and fewer season tickets and Championship levels of income from sponsors and advertising etc.?

[StevieC]

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I'm sure that's the case, but this would surely put them in a *very* bad position next season - with less money for paying off the backers and fewer season tickets and Championship levels of income from sponsors and advertising etc.?

Yes.

[Onion]

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Jackson in today's metro saying they have money to last 8 weeks!? C'Mon the weeks

More spin. Just happens to be the same timescale as when he thinks shares will be handed over. Expect that 8 weeks to shrink considerably over the next few days, as BDO start preparing their begging bowl.

[scott7_0(Prague)]

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More spin. Just happens to be the same timescale as when he thinks shares will be handed over. Expect that 8 weeks to shrink considerably over the next few days, as BDO start preparing their begging bowl.

Coincidence. or not??

Sunday: Hearts go out the cup> no further revenue from that source

Monday: Need to get fans interested> a lets dress up the story from 2 weeks ago

Tuesday: Shares and Exit of Admin will be 8 weeks approx> BDO has cash flow for 8weeks

Wednesday Onwards: wooden-begging-bowl-14675549.jpg

[QMU-1875]

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The innocence of youth.

Really? They would be gutted.

[QMU-1875]

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Loser attitude. I fully believe this could be our season, sick of the pessimism that follows this club like a bad smell. We will break this one day and a winner like butcher will know how to!

[Ozyhibby]

Provided they are willing to balance their books next season then I don't see a problem. The working capital part of FoH was to complete this season (they thought they would be out of admin by October) and was intended to make up the shortfall of the missing 7000 season ticket cash.
Next season they will have all the normal income they will always have, season tickets, sponsorships, etc but it will be lower for the 1st Div. So long as they spend their money wisely they will not need any of the FoH money to run the club.
That money will be used to pay back the bidco.

[WindyMiller]

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Provided they are willing to balance their books next season then I don't see a problem. The working capital part of FoH was to complete this season (they thought they would be out of admin by October) and was intended to make up the shortfall of the missing 7000 season ticket cash.
Next season they will have all the normal income they will always have, season tickets, sponsorships, etc but it will be lower for the 1st Div. So long as they spend their money wisely they will not need any of the FoH money to run the club.
That money will be used to pay back the bidco.

Can you see a flaw in the plan?

[Sprouleflyer]

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Can you see a flaw in the plan?

Yip, they have not managed that for 30+ years!!

[Ozyhibby]

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Yip, they have not managed that for 30+ years!!

I agree but they will have no choice. They have zero chance of getting credit for the next ten years at least.
It can be done but I did not say the Hearts fans would enjoy the experience.

[KeithTheHibby]

All about opinions so here is mine;


They will be out of administration before the end of the season.

They will be relegated.

They won't run out of money.

They won't be liquidated.

What happens when FOH takes over is anyones guess.

Time for the pant wetting to stop on here and start to concentrate on our own team instead of wild speculation about the Yams as nothing major that has been said on here has come to fruition nor is it likely to.

[Ozyhibby]

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All about opinions so here is mine;


They will be out of administration before the end of the season.

They will be relegated.

They won't run out of money.

They won't be liquidated.

What happens when FOH takes over is anyones guess.

Time for the pant wetting to stop on here and start to concentrate on our own team instead of wild speculation about the Yams as nothing major that has been said on here has come to fruition nor is it likely to.

You don't think they went into administration?

[Mikey]

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All about opinions so here is mine;


They will be out of administration before the end of the season.

They will be relegated.

They won't run out of money.

They won't be liquidated.

What happens when FOH takes over is anyones guess.

Time for the pant wetting to stop on here and start to concentrate on our own team instead of wild speculation about the Yams as nothing major that has been said on here has come to fruition nor is it likely to.

What's your definition of "major" given that Administration, the 15 point penaly and relegation obviously don't do it for you?

[KeithTheHibby]

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You don't think they went into administration?

I don't think Hibs.net can claim to have the exclusive on that, a blind man could have seen this happening.

The stuff about liquidation and running out of money is just plain silly.

[Mikey]

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I don't think Hibs.net can claim to have the exclusive on that, a blind man could have seen this happening.

The stuff about liquidation and running out of money is just plain silly.

BDO say they have money until late March. Are they silly too?

[KeithTheHibby]

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What's your definition of "major" given that Administration, the 15 point penaly and relegation obviously don't do it for you?

See post 38061. Of course they are major but not exactly predicted exclusively on here were they?

[KeithTheHibby]

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BDO say they have money until late March. Are they silly too?

Ok Mikey in your opinion shall Hearts run out of money?

[bingo70]

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All about opinions so here is mine;


They will be out of administration before the end of the season.

They will be relegated.

They won't run out of money.

They won't be liquidated.

What happens when FOH takes over is anyones guess.

Time for the pant wetting to stop on here and start to concentrate on our own team instead of wild speculation about the Yams as nothing major that has been said on here has come to fruition nor is it likely to.

How do I go about concentrating on my own team more?

Even if they do come out of admin this season they'll still have to build a whole new squad in order to compete in the championship, they'll then have to think about replacing the main stand and they'll have to do this while living within their means for the first time in 30 years, having to do all that on a lower income they'll be getting from the championship makes it a total non starter imo. If they survive they'llbe ****ed for years.

[Golden Bear]

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I don't think Hibs.net can claim to have the exclusive on that, a blind man could have seen this happening.

The stuff about liquidation and running out of money is just plain silly.

Probably yes regarding the Liquidation but there is a very real possibility that they WILL run out of funds before the administration process is drawn to a conclusion.

[KeithTheHibby]

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How do I go about concentrating on my own team more?

Even if they do come out of admin this season they'll still have to build a whole new squad in order to compete in the championship, they'll then have to think about replacing the main stand and they'll have to do this while living within their means for the first time in 30 years, having to do all that on a lower income they'll be getting from the championship makes it a total non starter imo. If they survive they'llbe ****ed for years.

It is a figure of speech.

I don't dispute your second paragraph as that is post BDO.

[KeithTheHibby]

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Probably yes regarding the Liquidation but there is a very real possibility that they WILL run out of funds before the administration process is drawn to a conclusion.

I don't see it happening. They could start selling season tickets for example. The FoH money that has been accumulating could be used if need be.
Anyone that says otherwise is lying.

[nribs]

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All about opinions so here is mine;


They will be out of administration before the end of the season.

They will be relegated.

They won't run out of money.

They won't be liquidated.

What happens when FOH takes over is anyones guess.

Time for the pant wetting to stop on here and start to concentrate on our own team instead of wild speculation about the Yams as nothing major that has been said on here has come to fruition nor is it likely to.

is this wild speculation and unlikely to come to fruition then? Just so I know

[HIBERNIAN-0762]

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Coincidence. or not??

Sunday: Hearts go out the cup> no further revenue from that source

Monday: Need to get fans interested> a lets dress up the story from 2 weeks ago

Tuesday: Shares and Exit of Admin will be 8 weeks approx> BDO has cash flow for 8weeks

Wednesday Onwards: wooden-begging-bowl-14675549.jpg

100% correct, only those meat heads just don't get it, or they do but they are just covering up the embarrassment of Sunday's result and pathetic turnout.