Share Transfers Agreed/Cooling off period

[Jack Hackett]

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Originally Posted by :
Foundation of Hearts ‏@The_FOH Feb 21
Ian: As stated earlier, STs only on sale post-admin, and once we know what division. Club / BIDCO working on plan.

So once they are officially relagated, they still can't sell season tickets till they are out of admin. What happens when they are still in admin come the start of next season. Minus 15 and no season money, they could struggle.

I'll hazard a guess that once they are mathematically relegated, they'll start selling Championship season tickets, but ring-fence the money for Budgie. BDO will have to arrange cake bakes or go begging from FoH for tide-over cash...something they've already hinted would be agreeable. Then again, if the admin goes to the close season with no rubber stamp or specified date, they might just pull the chain and flush them away.

#allverycomplex

[Kaff]

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Indeed but..... RP could set their rent so that most of their "profit" is paid in rent keeping the Jambo's where they belong year after year. Pleasing

While renting to them could appeal financially we would have to invest heavily in the pitch to withstand the extra games and a cautionary tale from Germany where I believe 1860 Munich took pity on there beleaguered city neighbours and allowed them to groundshare while finding their feet, that worked out well for 1860 in the long run?

Edit. Having heard or read this tale a while ago I can't find evidence (qquick look around with Google) so I might have made this up!

[Gus Fring]

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I'll hazard a guess that once they are mathematically relegated, they'll start selling Championship season tickets, but ring-fence the money for Budgie. BDO will have to arrange cake bakes or go begging from FoH for tide-over cash...something they've already hinted would be agreeable. Then again, if the admin goes to the close season with no rubber stamp or specified date, they might just pull the chain and flush them away.

#allverycomplex

Selling Season Tickets whilst still in administration could be perceived as creating a creditor as they cannot guarantee the club will still be around to fulfil their obligation. I don't think they can enter in to a binding agreement with FOH to loan them any money for the same reason.

[Famous Fiver]

You know what all these statements reminded me of? The Eulogy for the dearly departed at a funeral!!

TICK TOCK

[Weststandwanab]

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Selling Season Tickets whilst still in administration could be perceived as creating a creditor as they cannot guarantee the club will still be around to fulfil their obligation. I don't think they can enter in to a binding agreement with FOH to loan them any money for the same reason.

They cannot.

[Ozyhibby]

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While renting to them could appeal financially we would have to invest heavily in the pitch to withstand the extra games and a cautionary tale from Germany where I believe 1860 Munich took pity on there beleaguered city neighbours and allowed them to groundshare while finding their feet, that worked out well for 1860 in the long run?

I agree. This is business. If you see your closest direct competitor drowning, put your foot on their head and ram a hosepipe (switched on) down their throat, just to make sure.

[Jack Hackett]

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Selling Season Tickets whilst still in administration could be perceived as creating a creditor as they cannot guarantee the club will still be around to fulfil their obligation. I don't think they can enter in to a binding agreement with FOH to loan them any money for the same reason.

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They cannot.

Dunfermline went into admin in March last year and didn't exit until December. Season tickets went on sale in May. The only proviso was that they couldn't offer monthly payment options

http://www.dafc.co.uk/articles/20130...244980_3167063

Note the last paragraph

There is no suggestion that FoH would loan money to run the club, it would be a gift

[SmashinGlass]

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He's my MP.

And I won't be voting for him

Likewise. I've emailed him telling him such. He has tried a grovelling response but has been swiftly told in no uncertain terms that I won't vote for a politician who openly supports corrupt and charity robbing institutions. He didn't like that series of emails very much

[Keith_M]

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While renting to them could appeal financially we would have to invest heavily in the pitch to withstand the extra games and a cautionary tale from Germany where I believe 1860 Munich took pity on there beleaguered city neighbours and allowed them to groundshare while finding their feet, that worked out well for 1860 in the long run?

Edit. Having heard or read this tale a while ago I can't find evidence (qquick look around with Google) so I might have made this up!

I've never heard of that but 1860 almost went bust a few years ago and were bailed out by Bayern Munich.

So if the first tale is true, they were paid back in the long run.

Actually, Bayern also helped Dortmund out of a hole by loaning them €2M.

[PeeJay]

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While renting to them could appeal financially we would have to invest heavily in the pitch to withstand the extra games and a cautionary tale from Germany where I believe 1860 Munich took pity on there beleaguered city neighbours and allowed them to groundshare while finding their feet, that worked out well for 1860 in the long run?

Edit. Having heard or read this tale a while ago I can't find evidence (qquick look around with Google) so I might have made this up!

Actually, it's the other way round - at least in recent history, not sure about way back when TBH. Bayern München took pity on 1860 München who have a stadium in Grünwalder Strasse that they were unable to renovate or use from 95 onwards; they then played in the Olympic Stadium in Munich on alternate Saturdays sharing with Bayern, before finally moving to the new sort of jointly financed Allianz stadium. Bayern then saved 1860 from insolvency after tales of corruption and financial shenanigans, buying back the 1860 share of the stadium in full, I believe (not really sure) ... some Jordanian businessman has now invested in 1860 München, so maybe better times are ahead for the club

[Gus Fring]

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Dunfermline went into admin in March last year and didn't exit until December. Season tickets went on sale in May. The only proviso was that they couldn't offer monthly payment options

http://www.dafc.co.uk/articles/20130...244980_3167063

Note the last paragraph

There is no suggestion that FoH would loan money to run the club, it would be a gift

Yes, you're right that they can sell them if they ring fence them until they are out of administration. I wasn't meaning to disagree with you on that front. I was meaning (as a continuation of what I was saying earlier) that using the ST money to help keep the club afloat can't happen because it would create creditors.

On the point of FOH gifting them money, it could be dangerous. If they gift them a large wad of cash and they still get liquidated they'd have less money to spend in the liquidation sale. At that stage, FOH and Budge would be as well biding their time and picking up the football bits on the cheap, minus the PBS.

[Phil D. Rolls]

How come there is nobody on Kickback that can refute the things on here, without resorting to talking about 5-1? Surely they can do better than talk about Ann Budge like she is an internationally respected businesswoman?

I'm not saying she isn't, it's just that their ability to judge owners had fallen short so often that they must have doubts. Maybe someone that knows about psychology, or who knows a psychologist, or knows someone who has been to a psychologist can help?

[truehibernian]

I'm more concerned reading on their twitter page that Tam Cowan charges £800 fees to attend events !!

All that cash to watch that humourless scotch egg on legs - surely a fraud there ?

[nribs]

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I'm more concerned reading on their twitter page that Tam Cowan charges £800 fees to attend events !!

All that cash to watch that humourless scotch egg on legs - surely a fraud there ?

I heard from a Jambo at work he gave his fees to F OH?

[truehibernian]

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Likewise. I've emailed him telling him such. He has tried a grovelling response but has been swiftly told in no uncertain terms that I won't vote for a politician who openly supports corrupt and charity robbing institutions. He didn't like that series of emails very much

He replied to me way back in the beginning with an incredible response, agreeing with me it was awful that bills and creditors had been left high and dry, then reiterating how much work he did in the community and the Hearts stuff was in his own time - asked to be removed from his mailing list and I still receive his newsletter - he can't even do the simple tasks 😀

My non footballing friends most definitely aren't voting for him and they are labour through and through - they cannot abide him.

[truehibernian]

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I heard from a Jambo at work he gave his fees to F OH?

He did - I'm just incredulous he charges folk to see him, it should be punters being paid to watch him - he's absolutely awful and calling him a comedian is astonishingly ironic !

[Prof. Shaggy]

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Sitting here with my acoustic guitar, playing some Bob Dylan, having great fun.

Here's a new version of 'The Times They Are a Changin'.

If you have an acoustic guitar and are semi competent, give it a go - great fun!



Gather 'round jambos
Wherever you roam
And admit that the finances
Around you have blown

And accept it that you’re
being fleeced to the bone
If your money to you
Is worth savin'

Then you better start prayin
As you sink like a stone
For the shares they are a-frozen
..............
..............

And the first liquidation
Will later be last
For the shares they are a-frozen'

This is work of the highest standard....

[O'Rourke3]

I was tearing tears of pride with that valedictorian farewell speech/plea for an executive role when the money starts pouring in....

In his spare time eh? I wonder if there were calls made from the office or e-mails from his Parliamentary account.

[Jack Hackett]

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Yes, you're right that they can sell them if they ring fence them until they are out of administration. I wasn't meaning to disagree with you on that front. I was meaning (as a continuation of what I was saying earlier) that using the ST money to help keep the club afloat can't happen because it would create creditors.

On the point of FOH gifting them money, it could be dangerous. If they gift them a large wad of cash and they still get liquidated they'd have less money to spend in the liquidation sale. At that stage, FOH and Budge would be as well biding their time and picking up the football bits on the cheap, minus the PBS.

It will be dangerous, but we're talking about desperate people. Keeping the club afloat would be a gamble but the alternative would mean the cesspit being put on the open market, and there's little doubt it would fetch more than Budge and FoH could afford. The gamble is that they get the shares sooner rather than later, and a few hundred grand would be a small price to pay...and a lot cheaper than having to find somewhere to play next season.

I would add that FoH would be gambling with the mugs money, so no real skin off their nose. The mugs would go for it if asked

[poolman]

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How come there is nobody on Kickback that can refute the things on here, without resorting to talking about 5-1? Surely they can do better than talk about Ann Budge like she is an internationally respected businesswoman?

I'm not saying she isn't, it's just that their ability to judge owners had fallen short so often that they must have doubts. Maybe someone that knows about psychology, or who knows a psychologist, or knows someone who has been to a psychologist can help?

Perhaps somebody can give them Roy Hodgson's number

[Jack Hackett]

Anyone got the Record stream working....All I'm getting is 'Error Message: stream not found'

[CropleyWasGod]

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Anyone got the Record stream working....All I'm getting is 'Error Message: stream not found'

It's a UBIG asset.

[Jack Hackett]

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It's a UBIG asset.

Lol!

Got it working now, keeps freezing though....so you might be right

Just noticed I posted this on the wrong thread. Too many gins methinks

[ano hibby]

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Anyone got the Record stream working....All I'm getting is 'Error Message: stream not found'

I'm getting redirected to a private Gary Locke page..?

[Kato]

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How come there is nobody on Kickback that can refute the things on here, without resorting to talking about 5-1? Surely they can do better than talk about Ann Budge like she is an internationally respected businesswoman?

I'm not saying she isn't, it's just that their ability to judge owners had fallen short so often that they must have doubts. Maybe someone that knows about psychology, or who knows a psychologist, or knows someone who has been to a psychologist can help?

It's the classic behaviour of cowardly lickspittles. "Mr" Romanov isn't around to cow-tow to any more so they act like a pack of jackals, lashing out and bristling up trying to act big (5-1, 1902, Junkies etc, etc, ad-infinitum.) Their current, possibly fatal crisis means they'll slaver over all the good news and if anybody questions or doubts, the dissenter is rounded upon and snarled down or portrayed as crazy with accompanying cackles. Those who throw scraps of spin at them are lauded and nuzzled up against in the hope that someone, sometime soon, will emerge for them to look up to and the forelock tugging can recommence. "Mrs" Budge isn't quite there as yet as after weeks of being fed the "fan owned" spin she's only now become a public figure to them but I bet a few are practicing their curtsey's already, just like some of them used to unconsciously bow to "Lord" Faults when he was reeking their gaff out. It's in the DNA of these petty establishment institutions like HMFC to require a strictly marked out hierarchy. Little Johnny Jambo knows his place and thinking for himself is totally a no go area.

[Jack]

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It doesn't matter what way round he does it .. his names on the season ticket

Darwin Awards spring to mind ;-)

For all those suggesting they use our stadium, or Meadowbank, or Livingston ...

Why?

Why would we/they want to rent to a semi professional, totally bitter, outfit?

Why would they need anything that size once the mythical 400,000 fans, already down to 7/8000 (probably closer to 07) S.H.I.T. followers, like their, did you know I'm a MP, just call me Ian, scarper?

Three or four at best and only then if one of the three brings their dug.

[portycabbage]

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Anyone got the Record stream working....All I'm getting is 'Error Message: stream not found'

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I'm getting redirected to a private Gary Locke page..?

If there's one man who can seek out a "stream"...

[Hibernianinc]

I'll post this, as I found it interesting. I'll caveat, I know no more than I post, and cannot name names beyond those that are obvious, as I don't know them.

I'm sure in some quarters this will be interpreted as hobo-pish, but there you go.

I was out with a mate last night. He has a work colleague who is a big Hibbie. This colleague is from a hibs-supporting family, his dad apparently a big supporter and active with the club.

His aunt, however, is a jambo. And 'poised' to become active in 'that' club.

As a reasonably close family, albeit with split allegiances, this latest development has caused some concern.

The aunt's position is simple -

1. All goes to plan, she's no worse off, has saved her club and is a hero. Queen of herts if you will.
2. DDs all dry up, FoH can't buy the club, she gets it for a song, flogs it to someone else with more money and less sense, makes some cash, saves her club, is a hero, blah, blah, blah.

However. Her plan, under both scenarios 1 and 2 involves her spending not a bolt beyond the 2.5m initial outlay. Regardless of division, and quality of player available.

The family concern is that jonny yam, used to WC stars, will quite quickly expect the aunt to start spending some of her reported 40m pdq. They are worried that the massed hordes will quickly turn on the Queen and her good intentions quickly become a bad decision.

Ultimately, whether this happens, whether she's bothered with the flak is of no interest to me. The words "not a bolt" were all I was interested in.

As I say, all I know, and if others can dispute anything then fair-dos. Just posting what I was told.

[Kato]

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The family concern is that jonny yam, used to WC stars, will quite quickly expect the aunt to start spending some of her reported 40m pdq. They are worried that the massed hordes will quickly turn on the Queen and her good intentions quickly become a bad decision.

They'd be right to be concerned. Had a discussion with a jambo a while back when I claimed Hearts fans just sat back and watched Mercer, The Pieman and Vlad financially dope them beyond all hope. He came back with the fact (and it is) that Hearts fans did protest against both Mercer and The Pieman. On pointing out that they only complained about those two when the financial doping was dropped I didn't get any reply at, all 'cos that is a fact too.

[Jack]

There's an aspect here we haven't yet discussed! A woman, a lady by all reports, owning their football club.

Football has long been regarded as a male stronghold. Indeed reports from clubs where ladies have [had] power suggest a real struggle.

The yams, like most clubs, have had powerful and successful men [ok I'll concede], at the helm, pulling the strings; a few hangers on appear to consider themselves in the same bracket.

I've already had yampals talking about the Budgie Burd in the manner of 'her indoors' and other terms suggesting a wee bit of sweet talking and she'll be putty in their hands.

Another wee thing to look out for as this blows up in their faces.