Share Transfers Agreed/Cooling off period

[greenginger]

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I also note that house prices near the Tram fiasco are to increase, given the PBS is close to the Murrayfield stop could raise a bit move value. Could be the only 'good' aspect of the tram!!

Yeah, and there will be a development surcharge on the site to pay for the trams.

That was where the Yam mega stand hit the buffers. The Council wanted several hundred thousand for the planning stage to progress but the UBIG check never arrived.

[weonlywon6-2]

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I'm an MP has spoken - little surprise that he jumped ship, eh!

http://www.scotsman.com/news/scotlan...soon-1-3359252







They wouldn't listen - but it's now sinking in.

tic tic tickety tock

[big-mo]

Without going over the c23m posts on this subject, can someone remind me of the state of the tax they owed to HMRC before going into administration?

If my memory serves me right, they had agreed a long term repayment plan, if so, the money outstanding will now have been lost. If that is the case why should my tax money go to paying ambassadors, government officials etc, trying to dig them out their hole, they have used up enough of my money already. Get the place knocked down ASAP and get the 'Gorgie Village' regenerated project underway and create many, many more jobs that the current inhabitants do.

[CropleyWasGod]

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Without going over the c23m posts on this subject, can someone remind me of the state of the tax they owed to HMRC before going into administration?

If my memory serves me right, they had agreed a long term repayment plan, if so, the money outstanding will now have been lost. If that is the case why should my tax money go to paying ambassadors, government officials etc, trying to dig them out their hole, they have used up enough of my money already. Get the place knocked down ASAP and get the 'Gorgie Village' regenerated project underway and create many, many more jobs that the current inhabitants do.

Approx £1.8m, IIRC.

[Keith_M]

I have a vague recollection of a land valuation of Tynecastle commissioned by BDO. Does anyone have a link to this/know how much it was valued at?

The reason I ask is that some people (morons) are now changing tack from "UKIO will get nothing" to "UKIO will get much less than 2.5M from the land".

[Gus Fring]

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Without going over the c23m posts on this subject, can someone remind me of the state of the tax they owed to HMRC before going into administration?

If my memory serves me right, they had agreed a long term repayment plan, if so, the money outstanding will now have been lost. If that is the case why should my tax money go to paying ambassadors, government officials etc, trying to dig them out their hole, they have used up enough of my money already. Get the place knocked down ASAP and get the 'Gorgie Village' regenerated project underway and create many, many more jobs that the current inhabitants do.

short version: it's gone.

long version: one of the benefits of administration is saving the company so that it can pay tax in the future. If tax is the priority here we should be hoping for Hearts survival as it means more money.

[The Falcon]

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Approx £1.8m, IIRC.

And what was the amount the share issue proposed to raise for [ahem] youth development?

[Kato]

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I have a vague recollection of a land valuation of Tynecastle commissioned by BDO. Does anyone have a link to this/know how much it was valued at?

The reason I ask is that some people (morons) are now changing tack from "UKIO will get nothing" to "UKIO will get much less than 2.5M from the land".

They really do just open their gobs and let any old crap hiding in there drop out.

[JAY-ESS GREEN]

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The maximum value of the PBS can only be ascertained when the site has been completely cleared, and any stigma attached to depriving the Famous of a home has been removed.

Developers will be able to work with the planning dept. to get the maximum value from the site.

in other words get Scotdem in before advertising the dump.

Did scotdem not get liquidated too

[Gingertosser]

Lets hope they do get liquidated & don't finish the season.

Everyone would be awarded 3-0 wins against them, that has to work in our favour, seeing as they've been beaten by everyone else.

We'd be well clear of the play off spot.

[greenginger]

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Did scotdem not get liquidated too

Sorry, their reincarnation Chamic. They were a good bunch of Hibbies way, way, back !

[Jim44]

An in-depth Jambo explanation for today's announcement - "A complete non-story stating the obvious to try and cast clouds over yesterdays victory and possibly everything going tits up at ibrox.

The weegie media hate seeing us happy."

[Kato]

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An in-depth Jambo explanation for today's announcement - "A complete non-story stating the obvious to try and cast clouds over yesterdays victory and possibly everything going tits up at ibrox.

The weegie media hate seeing us happy."

Which is why it has quotes from Foulkes and Iamanmp. Childish idiots will see the death of their club.

[Phil D. Rolls]

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An in-depth Jambo explanation for today's announcement - "A complete non-story stating the obvious to try and cast clouds over yesterdays victory and possibly everything going tits up at ibrox.

The weegie media hate seeing us happy."

Its amusing how they can't see the similarities between them and The Rangers yet. Like anybody outside Edinburgh gives a monkeys about The Famous.

[Onion]

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Lets hope they do get liquidated & don't finish the season.

Everyone would be awarded 3-0 wins against them, that has to work in our favour, seeing as they've been beaten by everyone else.

We'd be well clear of the play off spot.

Now THAT would be poetic.... but just don't see it. They'll complete the season, just to spite us

[Seveno]

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I also note that house prices near the Tram fiasco are to increase, given the PBS is close to the Murrayfield stop could raise a bit move value. Could be the only 'good' aspect of the tram!!

Good point, another £1m on the price. Take note, Sergey.

[greenginger]

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Approx £1.8m, IIRC.

It turned out more than £ 1.8 million at the final count.

The BDO interim statement updated the figures.

HMRC Debt management unit £ 1,881,065.00
HMRC - VAT national insolvency unit £ 646,851.00 ....... Gues that was the Vat on the pre-admin season tickets.


Grand total £ 2,537,916.00 of tax stolen by the Heart and Soul of Edinburgh F C.

[Dashing Bob S]

Just to remind everybody that it's April tomorrow and I'm astonished to find that Hearts are not out of administration yet.

Is sometime in May the new estimate?

[PapillonVert]

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EEN - "Hearts administrators BDO will enlist political help in an effort to save the Edinburgh club following crunch talks at Tynecastle yesterday" bla bla bla. It goes on to say Foulkes has already petitioned Lith's UK ambassador for help & is "helping" arrange for Jackson to meet him in person this week. "He admitted he was concerned about the prospect of Hearts being liquidated if the shares are not transferred to prospective owner Ann Budge in the next few weeks, despite a CVA being agreed in November." HO HO HO. They are s******* themselves now. Foulkes running around trying to make out he is the saviour when he was instrumental in them being in this mess in the first place. I know we don't have our problems to seek at HFC, but thankfully nowhere near as serious as this. Pleasing.

IIRC, they employed 'political help' to bring Vlad to the PBS in the first place. Steve Cardownie and APB.

"Vlad is the real deal", quoth they at the time.

They didn't do a great job then....that's all I have to say.

Still, you can only con those who want to be conned.

[Phil D. Rolls]

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Just to remind everybody that it's April tomorrow and I'm astonished to find that Hearts are not out of administration yet.

Is sometime in May the new estimate?

May is the new April.

[Sergey]

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Just to remind everybody that it's April tomorrow and I'm astonished to find that Hearts are not out of administration yet.

Is sometime in May the new estimate?

I'll tell you what, Robert - the panic is setting in over-the-road and their Head Honcho, Dexter is now asking....

Nobody has really answered what the contingency plans are.

ie - if we get liquidated what happens - will AB step in and do a "Rangers" ? Are we guaranteed league status ?

It's a bit late in the day to be discussing that, ya welt. Let me give you a wee tip, Dex - Liquidation means you lose the lot.

[Onion]

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Just to remind everybody that it's April tomorrow and I'm astonished to find that Hearts are not out of administration yet.

Is sometime in May the new estimate?

The big U-Turn is on. Ian Murray (Fat MP version), Michael Stewart and a few others being rolled out on Reporting Scotland talking about the possibility of the Big L and how the fans will rally round. The panic is almost palpable.

April should be fun

[Joe6-2]

What are the odds now on them failing to complete the season?

[Mikey]

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What are the odds now on them failing to complete the season?

They will see out the season. The second half of May might be tricky though

[Kato]

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Dexter is now asking....

Nobody has really answered what the contingency plans are.

hahahahaha

Just like there wasn't a sanity clause, there ain't no contingency plan. They put all their eggs in one basket only there isn't enough eggs.

[green glory]

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May is the new April.

And April is the new March, when the share certificates get issued.

...erm.

[jgl07]

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The big U-Turn is on. Ian Murray (Fat MP version), Michael Stewart and a few others being rolled out on Reporting Scotland talking about the possibility of the Big L and how the fans will rally round. The panic is almost palpable.

April should be fun

How long before they come up with a Plan B?

Rangers had it built in to the proposed CVA throughout.

Is it already too late to get a Newco up and running in time for election to League Two (or Lowlands League)?

Will there be competition (Shoeless Bob, Massone, Hibs-net?) for the purchase of the club name and identity by FoH from the the liquidator?

[Kato]

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And April is the new March, when the share certificates get issued.

...erm.

They will be out of admin and second in the League by October...








... (via liquidation, South Central Edinburgh Sighthill Calor Gas Store 4th Division).

[Bostonhibby]

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hahahahaha

Just like there wasn't a sanity clause, there ain't no contingency plan. They put all their eggs in one basket only there isn't enough eggs.

Or baskets

Basket cases abound but they are all now focussed on why there isn't a plan B. All these months later........... shame really, but they were always going to be out of admin by xmas because they are a big team who owe it all to themselves and Lord George Foulkes and independent Ian Murray are sorting it all out, just like Mr Romanov Sir did before them.........

Tick tock

[CropleyWasGod]

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How long before they come up with a Plan B?

Rangers had it built in to the proposed CVA throughout.

Is it already too late to get a Newco up and running in time for election to League Two (or Lowlands League)?

Will there be competition (Shoeless Bob, Massone, Hibs-net?) for the purchase of the club name and identity by FoH from the the liquidator?

I would have thought that, privately, a plan for liquidation would already be there, in principle at least. If not through BDO or FOH, at least by someone independent.

If there isn't, it's irresponsible.