Share Transfers Agreed/Cooling off period

[Waxy]

Looking forward to calling them Hearts 1874, or The hearts or hearts of lothian or hurts of midlothian or ............... Where's that thread?

[Weststandwanab]

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The club concerned aside, there would, quite rightly, be absolute uproar if this was to happen. Remembering the hankering for Sporting Integrity last year with the now dead Rangers.

If Newco was grandfathered in to the Championship, then The Rangers will be up in arms!

Why would The Rangers complain?

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I'm guessing that The Rangers would have something to say about that.

Why ? They have not been in Administration......yet

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Ergo there is no chance of that happening.

No chance IMO

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Why would it?
If it's on the open market someone else may fancy buying it an renting it back.......

S.T.F. or a company controlled by him.

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Probably wouldnt get much of a crowd playing Whitehill Welfare though.

They will all turn up to watch Newco Famous

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I doubt it. They don't have to keep it as a football stadium and it will be sold separately from the club (Unless BDO start to build a Plan B before it gets to that stage). The stadium alone will go for a lot more than Budge is paying for the whole club just now.

Spot on.

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To achieve top dollar for that site it needs levelled first by a faceless organisation who then sell it on to a developer who can rightly say killing the Hearts was nothing to do with us.

That would easily be achievable.

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BDO really don't have too many cards left to play - in fact, if the truth be known, they've none at all and they've played their hand. Jackson must also know only too well that he's staring down the proverbial barrel and that liquidation is now agonisingly close. It would be sheer folly if the plans weren't already in place.

These plans will have been made last year IMO

[stevejordan]

I Note their highlight reel thread mocking us is way out the way now even the few deluded clowns who tried to say we had got it all wrong have now shut up the reality is the Big L Is almost upon them the faint hope that the shares would be unfrozen has all but gone and the smugness has been replaced by silence

[Kato]

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Whenever they don't copy and paste (which is better for Hibs.net) they always misquote me. I clearly said "A few" staff, not all. And as for "How haven't we heard of this then?". You just did hear about it you moron! I just told you.

None of that lot over there heard

Administration was coming,
The shares never existed,
Details of when BDO would be making specific statements,
When BDO had a meeting with the SPFL,
That Billy Brown and Bryan Jackson would starting a press bombardment trying to get the transfer embargo lifted.
Details of hospitality offers before they became public
That season tickets would not be sold (for whatever reason)
That Adam Kings transfer fee was not the amount quoted

These are just a selection of the pieces of info that my source has given me over the last few months. That I choose to share with Hibs.net. I don't get a hold of this info before it gets to the press, I'm responsible for getting it into the press!

Whether the Yams like it or not, there is at least one person who is fed up of the way they have been treated at Tynecastle so now they don't care what gets out and what doesn't. They are sick of the lies and the positivity outside not reflecting what's actually going on inside

So Kickback, If you're going to quote me either have the decency to do it properly or as I asked earlier, link to the post on Hibs.net so that people can read it for themselves. The guys here can read and know I've been right on several occasions on subjects that can't possibly be guesswork. If you choose to continue burying your head in the sand then please continue. We will stay here and watch from afar as you once again deny what everyone else can see.

What's it like being a teapot who is always right?

['Mon the Hibs]

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Had a yam associate text me earlier telling me that they will be getting the shares etc and CVA agreed today so they will be out of admin in the next few weeks.

I tried to point out that this was not the purpose of today's meeting but he replied that I was bitter
1-5 1902 and all that.

I told him all has been very quite on the BDO and FOH front and Apparantly it's a plan so that when they come out of admin they will announce loads of investment etc

I told him that the big L is closer that getting out of admin to bet old that we are in major financial difficulty and that we are going to be next. 1-5 1902.

The arrogance is galling and for this the Big L and Div 2 is what's required or getting punted totally.

I tried reasoning with a yam at the weekend. He said we cheated in the cup final because we played loan players

[GreenLake]

I can envisage a liquidation where the PBS is bought at auction by a company called 6270 (Cayman Islands) ltd., and the first swing of the wrecking ball taking place at 1.50AM on the 19th of May 2014.

[Springbank]

Supermarkets are never popular before they are built.
Never. Anywhere.

Yet the funny thing is, as soon as the talking & shouting stops, the thing gets built & guess what - people always use them

Morrisons know this routine well :)

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IMHO, this is the sacred cow in this whole process. Doesn't really matter what happens to the club, they simply cannot afford to lose Tynecastle.

IF it gets to an open sale of the PBS, you can really expect the games to begin. Intimidation, political pressure, threats and boycotts will all be used to ensure that FOH or Budgie get the ground for the lowest price possible. If they fail and it does get sold and deve'd into Tesco or flats, then May 2012 will have killed their club.

[Leithenhibby]

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Whenever they don't copy and paste (which is better for Hibs.net) they always misquote me. I clearly said "A few" staff, not all. And as for "How haven't we heard of this then?". You just did hear about it you moron! I just told you.

None of that lot over there heard

Administration was coming,
The shares never existed,
Details of when BDO would be making specific statements,
When BDO had a meeting with the SPFL,
That Billy Brown and Bryan Jackson would starting a press bombardment trying to get the transfer embargo lifted.
Details of hospitality offers before they became public
That season tickets would not be sold (for whatever reason)
That Adam Kings transfer fee was not the amount quoted

These are just a selection of the pieces of info that my source has given me over the last few months. That I choose to share with Hibs.net. I don't get a hold of this info before it gets to the press, I'm responsible for getting it into the press!

Whether the Yams like it or not, there is at least one person who is fed up of the way they have been treated at Tynecastle so now they don't care what gets out and what doesn't. They are sick of the lies and the positivity outside not reflecting what's actually going on inside

So Kickback, If you're going to quote me either have the decency to do it properly or as I asked earlier, link to the post on Hibs.net so that people can read it for themselves. The guys here can read and know I've been right on several occasions on subjects that can't possibly be guesswork. If you choose to continue burying your head in the sand then please continue. We will stay here and watch from afar as you once again deny what everyone else can see.

You gotta laugh though

[Gus Fring]

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You gotta laugh though

Oh I do, every time it happens. I don't want to be liked by Kickback. I don't even really want them to be accurate. I enjoy posting something then reading them trying to convince themselves it's nonsense and then wait a few days or weeks for me to be proved right. It's happened a lot.

It reminds me of that scene in Still Game where the old duffers are walking over the ice. Each one thinks "Nah, I'm no daft, I'll make it over the icy bit, just you watch" and then BAM! every single one of them falls flat on their erse whilst I watch from afar, laughing.

[Leithenhibby]

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Oh I do, every time it happens. I don't want to be liked by Kickback. I don't even really want them to be accurate. I enjoy posting something then reading them trying to convince themselves it's nonsense and then wait a few days or weeks for me to be proved right. It's happened a lot.

It reminds me of that scene in Still Game where the old duffers are walking over the ice. Each one thinks "Nah, I'm no daft, I'll make it over the icy bit, just you watch" and then BAM! every single one of them falls flat on their erse whilst I watch from afar, laughing.

I recall it well... haha

http://www.youtube.com/watch?v=osD_lUb3eOg

[Dashing Bob S]

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Whenever they don't copy and paste (which is better for Hibs.net) they always misquote me. I clearly said "A few" staff, not all. And as for "How haven't we heard of this then?". You just did hear about it you moron! I just told you.

None of that lot over there heard

Administration was coming,
The shares never existed,
Details of when BDO would be making specific statements,
When BDO had a meeting with the SPFL,
That Billy Brown and Bryan Jackson would starting a press bombardment trying to get the transfer embargo lifted.
Details of hospitality offers before they became public
That season tickets would not be sold (for whatever reason)
That Adam Kings transfer fee was not the amount quoted

These are just a selection of the pieces of info that my source has given me over the last few months. That I choose to share with Hibs.net. I don't get a hold of this info before it gets to the press, I'm responsible for getting it into the press!

Whether the Yams like it or not, there is at least one person who is fed up of the way they have been treated at Tynecastle so now they don't care what gets out and what doesn't. They are sick of the lies and the positivity outside not reflecting what's actually going on inside

So Kickback, If you're going to quote me either have the decency to do it properly or as I asked earlier, link to the post on Hibs.net so that people can read it for themselves. The guys here can read and know I've been right on several occasions on subjects that can't possibly be guesswork. If you choose to continue burying your head in the sand then please continue. We will stay here and watch from afar as you once again deny what everyone else can see.

The saddest thing about it is that you are basically only relaying information from one of their own, who actually works for the club, and would have somewhat inevitably been denounced as a Hobo if he tried to convey this news on Kickback. Quite a few sane in-the-know Jambos (like a friend of mine who is an international law expert) have been privately saying that liquidation is inevitable for months now. He would never think of posting on Kickback his understanding of the process of obtaining the UBIG shares, as he would be roundly denounced. However, I suppose that zealotry is part of being a football supporter, and you can't really blame them for wanting to believe the best about their club.

There comes a time though, when the sheer weight of logic and evidence has to compel you to address the truth, and I firmly believe they will all feel a lot better when they've finally grasped that particular nettle.

I understand that this might sound a little patronising towards Jambos, but I can assure all our guests looking in, that this was decidedly not my intention.

[Waxy]

If it ever does become a supermarket we'll all have to do a flashmob style shopping.
All Hibbys wearing a hibs item do the shopping and at 7.00 pm we all stop and sing a song. Then carry on shopping.

Just an idea

[PatHead]

Bajillions.

Not that I doubt you but what is stopping BJ/BDO shutting the door now? A blind man can see that they are not a viable going concern in the long term, they cannot get anywhere near the shares so what is making it worthwhile to keep them going? What obligation does he, as an administrator, have to keep them going until the end of the season?

I, for one, am bored with them still living and want them dead asap.

[scoopyboy]

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Whenever they don't copy and paste (which is better for Hibs.net) they always misquote me. I clearly said "A few" staff, not all. And as for "How haven't we heard of this then?". You just did hear about it you moron! I just told you.

None of that lot over there heard

Administration was coming,
The shares never existed,
Details of when BDO would be making specific statements,
When BDO had a meeting with the SPFL,
That Billy Brown and Bryan Jackson would starting a press bombardment trying to get the transfer embargo lifted.
Details of hospitality offers before they became public
That season tickets would not be sold (for whatever reason)
That Adam Kings transfer fee was not the amount quoted

These are just a selection of the pieces of info that my source has given me over the last few months. That I choose to share with Hibs.net. I don't get a hold of this info before it gets to the press, I'm responsible for getting it into the press!

Whether the Yams like it or not, there is at least one person who is fed up of the way they have been treated at Tynecastle so now they don't care what gets out and what doesn't. They are sick of the lies and the positivity outside not reflecting what's actually going on inside

So Kickback, If you're going to quote me either have the decency to do it properly or as I asked earlier, link to the post on Hibs.net so that people can read it for themselves. The guys here can read and know I've been right on several occasions on subjects that can't possibly be guesswork. If you choose to continue burying your head in the sand then please continue. We will stay here and watch from afar as you once again deny what everyone else can see.

Thing that amazes me is that none of the peasants have the sense to get in touch with foh to see what they say to your "allegations".

foh always claim they are there to answer questions and occasionally (when it suits them) they put propaganda out on twitter.

If any of them did approach foh and were ignored then they could report it back via kickback.

[CropleyWasGod]

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Bajillions.

Not that I doubt you but what is stopping BJ/BDO shutting the door now? A blind man can see that they are not a viable going concern in the long term, they cannot get anywhere near the shares so what is making it worthwhile to keep them going? What obligation does he, as an administrator, have to keep them going until the end of the season?

I, for one, am bored with them still living and want them dead asap.

I have no doubt, as I have said before, that BJ is actively trying to push the legal process on. That is really the only card he has left. He will, of course, be doing that out of sight of any of us.

In theory, the 3 main issues (UKIO's approval, UBIG's approval, the Court's approval) could all happen positively within the next month. That's very unlikely, of course, but while that possibility exists and there is still enough money in the till, BJ is entitled to stay on his current course.

[Gus Fring]

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Bajillions.

Not that I doubt you but what is stopping BJ/BDO shutting the door now? A blind man can see that they are not a viable going concern in the long term, they cannot get anywhere near the shares so what is making it worthwhile to keep them going? What obligation does he, as an administrator, have to keep them going until the end of the season?

I, for one, am bored with them still living and want them dead asap.

Simply? Face saving. It's much easier to liquidate in the off season than it is near the split. Liquidation means recalculating the whole league, sorting out all the contracts with businesses, season tickets, players etc. All of this makes BDO look bad. They get a lot of business from football clubs so leaving a see of pissed off fans, businesses, sponsors, staff etc isn't going to ingratiate them with the next club.

[Weststandwanab]

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Thing that amazes me is that none of the peasants have the sense to get in touch with foh to see what they say to your "allegations".

foh always claim they are there to answer questions and occasionally (when it suits them) they put propaganda out on twitter.

If any of them did approach foh and were ignored then they could report it back via kickback.

F.O.H. only answered questions initially when they were after Diddies to sign up to D's so that Budgie to put her dosh up to allow BDO to negotiate a CVA with the Liths.

BDO and F.O.H. have known for some time that there is no sign of the shares thawing anytime soon unless they offer an amount approximating to the value of e security over the P.B.S., and consequently BDO and F.O.H. will have already formulated the big L plan but of course could not possibly comment on that.

In the meantime and in the words of the Tremeloes..........

[Kaiser1962]

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I doubt it. They don't have to keep it as a football stadium and it will be sold separately from the club (Unless BDO start to build a Plan B before it gets to that stage). The stadium alone will go for a lot more than Budge is paying for the whole club just now.

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There isn't the time for that, IMO.

While I bow to you guys knowledge I would suggest that they would be extremely foolish not to have given considerable thought to a Plan B long before now.

[CropleyWasGod]

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While I bow to you guys knowledge I would suggest that they would be extremely foolish not to have given considerable thought to a Plan B long before now.

The "Plan B" I was alluding to was the Sevco-type which was built into the CVA.

[Jim44]

All their threads over on KB on the 'big issue' seem to take on the same format. They start off resolute, confident that everything is in hand and that only formalities need be seen to. Then there's the string of questions seeking assurance of the veracity and accuracy of the 'facts' which they have pinned their hopes on but which they really don't have a clue about. Somewhere along the way, someone drags up Hibs.net and the naughty mischief-makers, followed by a bit of slagging off of the 'usual suspects'. Invariably, a few punters can't contain themselves and the squeaky bum 'doubting Thomases' chip in with their worries. You can just picture the ostriches cursing the 'bed-wetters'.

[Kato]

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While I bow to you guys knowledge I would suggest that they would be extremely foolish not to have given considerable thought to a Plan B long before now.

So that'll be them being extremely foolish then. Their whole campaign has been packed with hubris and counting eggs as chickens. The "Big Team" attitude has seen them missing a trick there.

[CropleyWasGod]

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So that'll be them being extremely foolish then. Their whole campaign has been packed with hubris and counting eggs as chickens. The "Big Team" attitude has seen them missing a trick there.

It's not really. If administration doesn't happen, liquidation follows. There's not a lot they could do about that.

Other than the dodgy, still-to-be-tested, Sevco-type deal, there really isn't an alternative for them.

[Kato]

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It's not really. If administration doesn't happen, liquidation follows. There's not a lot they could do about that.

Other than the dodgy, still-to-be-tested, Sevco-type deal, there really isn't an alternative for them.

Oh well. They still acted like they were Billy Big Baws when they were hooting on about the size of their movement.

[Kaiser1962]

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The "Plan B" I was alluding to was the Sevco-type which was built into the CVA.

I accept that but BJ is not a stupid man and I would guess there must have been alternatives disussed, whatever that involves. I would expect BJ to know what he is going to do should the path to the shares be blocked, whether FOH or Bidco know is another matter.

[Kaiser1962]

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So that'll be them being extremely foolish then. Their whole campaign has been packed with hubris and counting eggs as chickens. The "Big Team" attitude has seen them missing a trick there.

Oh I do hope so!

[BonnieFitbaTeam]

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F.O.H. only answered questions initially when they were after Diddies to sign up to D's so that Budgie to put her dosh up to allow BDO to negotiate a CVA with the Liths.

BDO and F.O.H. have known for some time that there is no sign of the shares thawing anytime soon unless they offer an amount approximating to the value of e security over the P.B.S., and consequently BDO and F.O.H. will have already formulated the big L plan but of course could not possibly comment on that.

In the meantime and in the words of the Tremeloes..........

I may be wrong - and it's been known - but isn't the size of the offer irrelevant given that the shares are 'frozen' due to an ongoing criminal investigation? They could offer £100m and it wouldn't make a hoot of difference.

[Onion]

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I doubt it. They don't have to keep it as a football stadium and it will be sold separately from the club (Unless BDO start to build a Plan B before it gets to that stage). The stadium alone will go for a lot more than Budge is paying for the whole club just now.

Everyone knows that, even laymen with little knowledge of the Edinburgh property market.... yet the Liths (sitting on the security and having lost a lot of money) are prepared to accept much less than the true market value ? Are the Liths just ignorant or disinterested ?

[Dashing Bob S]

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Oh well. They still acted like they were Billy Big Baws when they were hooting on about the size of their movement.

Those damned lucky Lowland League clubs, who have bold proclamations like 'Spartans and Edinburgh City are no longer our rivals' to look forward to!

[stevejordan]

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Simply? Face saving. It's much easier to liquidate in the off season than it is near the split. Liquidation means recalculating the whole league, sorting out all the contracts with businesses, season tickets, players etc. All of this makes BDO look bad. They get a lot of business from football clubs so leaving a see of pissed off fans, businesses, sponsors, staff etc isn't going to ingratiate them with the next club.

So if they crawl over the line get relegated and survive till the last game this season is played with no sign of the shares is Liquidation a high probability ? or a certainty ?

[KeithTheHibby]

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The question was "like they got top dollar for Ibrox?"... presumably a sarcastic reference to the way that went. (and apologies if I've misunderstood that).

Ibrox etc were sold on to Sevco at the price they were, as the direct result of a Plan B being included in the CVA. There was no open-market sale.

In Hearts' case, there is no Plan B in the CVA. Therefore it WILL be an open-market sale.

Did BDO ever disclose why there was no plan B in a scenario similiar to Sevco?

Secondly how do you ever get any work done?