Share Transfers Agreed/Cooling off period

[Aldo]

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Kilmarnock Chairman has just been on Sportsound - they have wiped their debt out. Another straw evaporates ...

Can hear the cries from the roasters on Brokeback saying it's not fair etc and they can't do that.

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The jambos I speak to are talking about Rudi and Levein. It's going to make it even more delightful as the dream evaporates to leave them with even less than a manager universally regarded as a complete **** and a player who hasn't played football for 18 months.

I am hoping they don't get that far and they are wiped from the face of this earth.

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The saddest thing for Hearts fans is that the more their misery grows as it becomes apparent that the club is sinking into oblivion, the more poisoned a chalice the memory of 5-1 becomes. It will soon come to symbolise (for them and Scottish football as a whole) the suicide of the club, rather than it's greatest triumph. They really are writing an incredible story here, but it's very, very far from the one that Ian Murray/FOH/EEN are spinning them.

Brilliant absolutely brilliant. 19/05/12 is the day our club died ..... Accordingly to the roasters on Brokeback however it looks like it could of been the beginning of the end for them. Hardy har.

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liquidation would just me the dugs danglies,how good a feeling would that be!!! are we going to organise a hibs.net/bounce celebration drink if it does happen !!!

Now that would be good.

[Ronniekirk]

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Jambo and the Maroon Fleece

The lost city of Gorgie. They are just waiting on the Volcano Erupting and then the Tsunami Tidal Wave will follow and Wipe them off the Map leaving no Trace of that Lost Civilisation .In years to come Archeologists will unearth all these baking artefacts and wonder why this extinct tribe called the Jambos seemed to spend there last hours before extinction frantically baking Jam Tarts .

[Col2]

News of Killie's new debt position is bringing out the best in them. John Mitchell aka one of the most bitter hurting jambos on kickback..

"Good news for another SPL club re the debt, that's Dundee Utd, St Mirren, St Johnstone, Aberdeen (possibly), Motherwell, ICT, Ross Cty etc, all pretty much debt free, with us going down and starting again debt free....................and Hibs having crippling debts with no remedy on the horizon"

Crippling debt? That will be our £5m long term debt after completing ALL stadium and training infrastructure. Superb. And a debt free Hearts, again just priceless.

[matty_f]

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News of Killie's new debt position is bringing out the best in them. John Mitchell aka one of the most bitter hurting jambos on kickback..

"Good news for another SPL club re the debt, that's Dundee Utd, St Mirren, St Johnstone, Aberdeen (possibly), Motherwell, ICT, Ross Cty etc, all pretty much debt free, with us going down and starting again debt free....................and Hibs having crippling debts with no remedy on the horizon"

Crippling debt? That will be our £5m long term debt after completing ALL stadium and training infrastructure. Superb. And a debt free Hearts, again just priceless.

One of the many reasons I don't waste time on cutback anymore is that by and large, it's populated by morons who think a statement like that has some foundation in reality.

The whole forum is the Internet equivalent of The Office. A ridiculous and unconsciously hilarious parody of what a fans' forum is like in "real life".

[Aldo]

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News of Killie's new debt position is bringing out the best in them. John Mitchell aka one of the most bitter hurting jambos on kickback.. "Good news for another SPL club re the debt, that's Dundee Utd, St Mirren, St Johnstone, Aberdeen (possibly), Motherwell, ICT, Ross Cty etc, all pretty much debt free, with us going down and starting again debt free....................and Hibs having crippling debts with no remedy on the horizon" Crippling debt? That will be our £5m long term debt after completing ALL stadium and training infrastructure. Superb. And a debt free Hearts, again just priceless.

That's quite funny tbh Col. Still grasping at the ....the Hobo's are in masses of debt and cannot get out of it.......

Even if we had 7 million it's being paid on time every month as is all our bills.

The deluded roasters will do anything to deflect from their shenanigans.

Big L on it's way I hope.

[GreenCastle]

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News of Killie's new debt position is bringing out the best in them. John Mitchell aka one of the most bitter hurting jambos on kickback..

"Good news for another SPL club re the debt, that's Dundee Utd, St Mirren, St Johnstone, Aberdeen (possibly), Motherwell, ICT, Ross Cty etc, all pretty much debt free, with us going down and starting again debt free....................and Hibs having crippling debts with no remedy on the horizon"

Crippling debt? That will be our £5m long term debt after completing ALL stadium and training infrastructure. Superb. And a debt free Hearts, again just priceless.

1 - The yams won't be fan owned - Budge will be in control - Biggest (size matters to them once more) ever supporter movement

2 - Debt free ? No they will be taking on another debt - having to pay it back in the next few years (one debt to another - who will bail them out next time?)

3 - Just over 2 weeks left in March...tick tock..

[Tynie01011973]

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1 - The yams won't be fan owned - Budge will be in control - Biggest (size matters to them once more) ever supporter movement

2 - Debt free ? No they will be taking on another debt - having to pay it back in the next few years (one debt to another - who will bail them out next time?)

3 - Just over 2 weeks left in March...tick tock..

They don't seem to understand that tbh.

They will inherit a £2.5m debt to Budgie if the CVA goes through, plus FOH are committed to paying in £1m of the muppets money in the first year to pay off the footballing debts of £540k approx + pay running costs,

#CreateHistory

[Ozyhibby]

FoH must hand over £6.3m before they get control of Hearts.
Hardly debt free.

[lapsedhibee]

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And a debt free Hearts, again just priceless.

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Debt free ? No they will be taking on another debt - having to pay it back in the next few years

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They will inherit a £2.5m debt to Budgie if the CVA goes through, plus FOH are committed to paying in £1m of the muppets money in the first year to pay off the footballing debts of £540k approx + pay running costs,

They will be debt free though, won't they, as Mrs Budge is a Hearts supporter so any money they technically "owe" will be to one of their own - so it's not really a debt, is it?

[Eyrie]

The scenario above are only relevant if the shares are unfrozen.

If it's liquidation, then Save Hearts In Trouble will be able to pick up the football licence for the new Sevco Yams franchise for pennies themselves rather than owing Budge £2.5m for the purchase. They will however still have the football debt and more importantly won't have the PBS any more, leaving them homeless.

Either prospect is something to look forward to.

[GreenLake]

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News of Killie's new debt position is bringing out the best in them. John Mitchell aka one of the most bitter hurting jambos on kickback..

"Good news for another SPL club re the debt, that's Dundee Utd, St Mirren, St Johnstone, Aberdeen (possibly), Motherwell, ICT, Ross Cty etc, all pretty much debt free, with us going down and starting again debt free....................and Hibs having crippling debts with no remedy on the horizon"

Crippling debt? That will be our £5m long term debt after completing ALL stadium and training infrastructure. Superb. And a debt free Hearts, again just priceless.

The maroon herd will be expecting a new stadium and training facility to be given to them by the city council and/or some government sports development body.

[GreenCastle]

http://en.wikipedia.org/wiki/Adminis...tish_football)

List of clubs who have been in Administration...#proud #createdhistory

[jonty]

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Jambo and the Maroon Fleece

Jambo and the morons fleeced.

[TRC]

Why does it not say dissolved next to der hun?

[CropleyWasGod]

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Why does it not say dissolved next to der hun?

Probably because they're not.

[NadeAteMyLunch!]

Noticed that myself. Utterly pathetic the amount of folk that are scared to admit the truth regarding Rangers/The Rangers. Flicked over to The Rangers v Dunfermline earlier. Lasted 3 mins before turning back to Orient v Brentford. The commentator was vomit inducing. "And they quite rightly will get a guard of honour onto the pitch, they are well and truly on their way back...they are Raaaaaaangers!!" Seriously, **** off mate

[the_ginger_hibee]

Wikipedia is run by the people...so maybe it might say dissolved now

[CropleyWasGod]

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Wikipedia is run by the people...so maybe it might say dissolved now

And that would be incorrect.

[the_ginger_hibee]

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And that would be incorrect.

But the Daily Record said so

I'll partake in a bit of Hun baiting anyday - be it technically correct or not

[Dashing Bob S]

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1 - The yams won't be fan owned - Budge will be in control - Biggest (size matters to them once more) ever supporter movement

2 - Debt free ? No they will be taking on another debt - having to pay it back in the next few years (one debt to another - who will bail them out next time?)

3 - Just over 2 weeks left in March...tick tock..

Sadly, for the Jamtards, 1 & 2 are best case scenarios which stand absolutely no chance of happening. Future far more bleak.

[CropleyWasGod]

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But the Daily Record said so

I'll partake in a bit of Hun baiting anyday - be it technically correct or not

Damn those DR sleuths.... they always get to the truth.

[Dashing Bob S]

I'm going to put aside my 5-1 hurt.

There. That feels better.

1. There are no frozen shares. It's just a complex and technical business matter (with those wacky notoriously slow Liths) but BDO have it in order and the CVA will be completed in favour of FOH shortly, who will pass the shares on to Anne Budge.

2. This will happen next week, or possibly the week after, and if for some reason it doesn't, the Queen of Hearts will see them alright. If she can't, then FOH can spend the debits to get Hearts through the close season.

3. Everybody agrees that Hearts are special and important and famous and must be protected at all costs from the consequences of their own bad decision making and fraudulent behaviour.

4, Money will be pumped into the club (May, Mackay, possibly Boyd) and the points deficit on admin made up in an exciting two horse Championsliga contest between Rangers and Hearts with a strong Dunfermline and Dundee.

All is barry.

Take off those 5-1 distorting blinkers of hate fellow Hibby's, you will feel so much better!

[GreenLake]

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I'm going to put aside my 5-1 hurt.

There. That feels better.

1. There are no frozen shares. It's just a complex and technical business matter (with those wacky notoriously slow Liths) but BDO have it in order and the CVA will be completed in favour of FOH shortly, who will pass the shares on to Anne Budge.

2. This will happen next week, or possibly the week after, and if for some reason it doesn't, the Queen of Hearts will see them alright. If she can't, then FOH can spend the debits to get Hearts through the close season.

3. Everybody agrees that Hearts are special and important and famous and must be protected at all costs from the consequences of their own bad decision making and fraudulent behaviour.

4, Money will be pumped into the club (May, Mackay, possibly Boyd) and the points deficit on admin made up in an exciting two horse Championsliga contest between Rangers and Hearts with a strong Dunfermline and Dundee.

All is barry.

Take off those 5-1 distorting blinkers of hate fellow Hibby's, you will feel so much better!

Bob, how could you forget glorious?

[Jack]

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FoH must hand over £6.3m before they get control of Hearts.
Hardly debt free.

£6.3m???

I thought it was less than that. What's the breakdown?

[steviehibsleith]

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£6.3m???

I thought it was less than that. What's the breakdown?

Yes i thought it was less as wlle but i think its correct - £3.5 to buy and £2.5 working capital plus a few hundred extra i guess. They need the guaranteed working capital for 2 season in Championship with less income .

[CropleyWasGod]

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£6.3m???

I thought it was less than that. What's the breakdown?

£6.3m is correct.

http://www.foundationofhearts.org/statement-from-bidco/

£2.5m for the purchase, £1m upfront working capital. £2.8m for working capital over the following 2 years.

[GreenLake]

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Yes i thought it was less as wlle but i think its correct - £3.5 to buy and £2.5 working capital plus a few hundred extra i guess. They need the guaranteed working capital for 2 season in Championship with less income .

Don't forget another £51m to redevelop Tynecastle piggery into a hotel and stadium.

http://www.heartsfc.co.uk/articles/2...241749_1091705

[Ozyhibby]

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£6.3m???

I thought it was less than that. What's the breakdown?

£1m on completion of the CVA
£1.4m 2014/15
£1.4m 2015/16
£2.5m in the 2/3 years after that.
Only when every last cent of this is paid are FoH given control of Hearts.
About 2019/20

[Ozyhibby]

All of which is hypothetical. They need to complete the CVA first and that looks more distant than ever.

[Brunswickbill]

I see that Firhill could do with a stand behind one of their goals. Does anyone know of a ground that's going to shut down where they could buy one at a knockdown price?