Share Transfers Agreed/Cooling off period

[TrinityHibs]

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On the subject of planning protection for sporting venues, there is no real precedent in Edinburgh. Old Meadowbank was bulldozed, admittedly to build the current white elephant. Powderhall went the same way in 1999 for a residential development despite being on a flood plain. Marine Gardens was flattened to build a bus depot in 1962.

Outside of Edinburgh Carfin dog track was demolished in 1999.

Strangely West Lothian Council refused planning permission for Sainsbury to build a supermarket on the site of Armadale Stadium. This was largely because the planning department favoured another site for retail on Council-owned land near the station. They did cite as an additional reason to protect the stadium for use by Edinburgh Monarchs speedway team. This was rather unwelcome as Monarchs had been offered enough cash by Sainsbury to build a new track nearby in return for support in the planning application.

I can't think why the City of Edinburgh Council would want to block development of a stadium that is not 'fit for purpose' according to a former Hearts chairman. The Council are strapped for cash and could net a tidy sum from the developers given the proximity of the tram line.

Midlothian Council granted planning consent for a supermarket on the Arniston Rangers pitch. Sportscotland supported it but only if a new pitch was provided elsewhere. They are a community team however.

For what its worth I don't think PBS is open space but I do think the Council would say it was a pitch that needed to be replaced., Possibly an all weather pitch at Saughton. Scottish Planning Policy is just one of many documents that are considered when determining an application. The Local Development Plan should reflect the SPP but tailored towards Edinburgh. Housing, student accommodation, hotel, hostel, retail offer and a multitude of other uses would be acceptable at Tiny subject to addressing technical standards including the COMAH regulations.

If you want to see abuse of the COMAH regulations look at the blast zone for Grangemouth and how miraculously the zones bend around the Falkirk ground. Brockville is now a Morrisons so it can be done. Muirton Park is now an Asda.

[QMU-1875]

Hasn't Spartans old ground been sold to developers?

[Aldo]

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The PBS is definitely NOT listed. It is noted as a building of Architectural Interest which offers virtually no protection.

Might not be listed but defo listing!! ;-)

[hibeerealist]

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Waugh sold his shareholding to Mercer late in the game.

Mercer had enough shares but had set himself a target over an above that required which, because Duff did not sell him his shareholding, he failed to meet. Defeated by his own ego.

Kaiser

So KW purchased 250k worth of shares in HFC then sold them to WM - at a profit I wonder?

[greenpaper55]

Sorry if someone has posted on this already but it seems things are getting tighter at tynecastle.

http://www.bbc.co.uk/sport/0/football/26889183

[Waxy]

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Sorry if someone has posted on this already but it seems things are getting tighter at tynecastle.

http://www.bbc.co.uk/sport/0/football/26889183

Working without pay? He'll be strugglin.

[Saorsa]

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Sorry if someone has posted on this already but it seems things are getting tighter at tynecastle.

http://www.bbc.co.uk/sport/0/football/26889183

He surely disnae need the money anyway, he's been places and done things. Anyway maybe he's like McGlynn and his wife works.

[ACLeith]

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Sorry if someone has posted on this already but it seems things are getting tighter at tynecastle.

http://www.bbc.co.uk/sport/0/football/26889183

Presumably he's on a performance-related contract and he's had his annual review?

[greenginger]

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Kaiser

So KW purchased 250k worth of shares in HFC then sold them to WM - at a profit I wonder?

I have never heard it said that KW sold his shares to Mercer.

It was an investment fund that had them originally and their investment would have been toast if they did not sell.

Mercer needed the shares for takeover to proceed ( needed 75% or 90% ) but Waugh matched Mercers offer. If KW had sold the shares on we would have been history.

At least, that is the way I remember it.

[Moulin Yarns]

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Hasn't Spartans old ground been sold to developers?

Spartans have a nice new sports centre that negates the need for the old ground.

[greenpaper55]

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He surely disnae need the money anyway, he's been places and done things. Anyway maybe he's like McGlynn and his wife works.

Maybe he's "the first of the few" or maybe the first of the many !.

[Ozyhibby]

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Spartans have a nice new sports centre that negates the need for the old ground.

And the yams are no longer welcome. :-)

[Waxy]

Is mondays meeting still on?

[jacomo]

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Is mondays meeting still on?

Good work. It's getting a bit confused on here... this thread has turned to memories of the Hands off Hibs campaign, while a separate thread is now speculating on the influence of pesky Hibbys in scuppering HMFC's rescue plan.

If Sergey (who it seems is not a Jambo after all, who knew?) does destroy Hearts, can I phone a Jambo and say "Youse died. We ended you"?

[clerriehibs]

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Good work. It's getting a bit confused on here... this thread has turned to memories of the Hands off Hibs campaign, while a separate thread is now speculating on the influence of pesky Hibbys in scuppering HMFC's rescue plan.

If Sergey (who it seems is not a Jambo after all, who knew?) does destroy Hearts, can I phone a Jambo and say "Youse died. We ended you"?

It's mandatory to make those calls.

[nribs]

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Good work. It's getting a bit confused on here... this thread has turned to memories of the Hands off Hibs campaign, while a separate thread is now speculating on the influence of pesky Hibbys in scuppering HMFC's rescue plan.

If Sergey (who it seems is not a Jambo after all, who knew?) does destroy Hearts, can I phone a Jambo and say "Youse died. We ended you"?

Someone on nowayback has mentioned that they are hearing from a source within FOH it's been postponed. Personally don't think they have been told jot.

[Ozyhibby]

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Is mondays meeting still on?

Nobody knows.

[Onceinawhile]

Personally I think it'll go ahead. The cva will be approved and kickback will go mental whilst everyone here slits their wrists. 20 days will pass for the cooling off period with no appeals. People will moan about them getting away with it.

Then when it comes to getting a court date, a date will be set. Then moved, then moved again, probably postponed enough to have them liquidated.

[Golden Bear]

This thread has provided much more entertainment than Hibernian FC of late.

There's surely the makings of a best selling novel in here somewhere!

[Jim44]

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Is mondays meeting still on?

Who knows? It's hilarious tho', as over on throbbingsphincter.com they're even starting to wind each other up. Some geezer has posted that Monday's meeting has been postponed and that FOH has more or less said the games up. Might be a naughty Hibby but seems more like a Jambo as normally their first instinct is to cry Hobo. Either way it's being taken kind of seriously by quite a few of them.

[FranckSuzy]

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Sheila Rowland played a part alright, but I think as a director. Her vote against the takeover along with Duff and Grey outvoted the other 2 David Rowland stooges.

I think it went on to a share count which we could have lost as well ,but Kenny Waugh who had sold out to Duff and Grey originally paid about £ 250,000 for a share holding that tipped the balance in our favour.

Waugh lost all that money with the parent company administration.

There were a few big players below the radar but the Yam hoards are not amongst them.

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Waugh sold his shareholding to Mercer late in the game.

Mercer had enough shares but had set himself a target over an above that required which, because Duff did not sell him his shareholding, he failed to meet. Defeated by his own ego.

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Kaiser

So KW purchased 250k worth of shares in HFC then sold them to WM - at a profit I wonder?

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I have never heard it said that KW sold his shares to Mercer.

It was an investment fund that had them originally and their investment would have been toast if they did not sell.

Mercer needed the shares for takeover to proceed ( needed 75% or 90% ) but Waugh matched Mercers offer. If KW had sold the shares on we would have been history.

At least, that is the way I remember it.

Sorry but the bit in bold is incorrect. I know KW well and he's told me what happened at that very worrying time. That is a grossly unfair and untrue claim, IMHO.

[big gogs]

I seem to remember Kenny Waugh paid £250,000 for shares to ensure mercer could not get them,

[Keith_M]

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Is mondays meeting still on?

Yep, the CVA will be ratified, Hearts will be out of Administration by the end of May and Rudi will sign in time for the new season, where he'll tear up the Championship single handed and they'll be back to torment us the following season.


Is everybody clear on that?

[Kaiser1962]

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Kaiser

So KW purchased 250k worth of shares in HFC then sold them to WM - at a profit I wonder?

He had sold his shareholding to Duff three years earlier for £700k

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I have never heard it said that KW sold his shares to Mercer.

It was an investment fund that had them originally and their investment would have been toast if they did not sell.

Mercer needed the shares for takeover to proceed ( needed 75% or 90% ) but Waugh matched Mercers offer. If KW had sold the shares on we would have been history.

At least, that is the way I remember it.

Mercer wanted 75% and the trio of Waugh, Harrison (whose role is often overlooked) and Farmer were buying shares to block the takeover with Farmer, in particular, working on a "just enough" basis with no intention of taking over. Harrison was far more aggresive. They had, with Duff's shareholding, Mercer pegged back when Waugh sold his shareholding to Mercer in June 1990 although it appears to have been part of a deal that would allow Mercer to take the club's property assets and AN Other (Waugh?) to buy the clubs name, badge, players etc allowing the football club to continue.

That gave Mercer a 64% share (he claimed 66%) and took Harrison/Farmer by surprise leaving David Duff, with his 11% stake, standing between the club and shutdown. Duff did not sell, at great personal cost, and the rest, as they say, is history. There would have been a lot of "what if's" if he had sold.

That Farmer did end up owning the club is as much down to the very persuasive Kenny MacLean as any other factor. It is unlikely anyone else at that time had the cahoonas to go nose to nose with David Rowland and come out on top. What is often forgotten it was Farmer who took the club into administration a year later to ditch Rowland.

[stoneyburn hibs]

If Mondays meeting is still on then what do the guys in the know on .net think will be the outcome ?

I'm getting a wee bit nervous that it won't be the big L for them.

[Keith_M]

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If Mondays meeting is still on then what do the guys in the know on .net think will be the outcome ?

I'm getting a wee bit nervous that it won't be the big L for them.

Without the aid of a Crystal Ball, nobody could possibly know that.

Don't believe anybody that tells you they know for a fact that "it's in the bag" or "it's definitely being rejected".


Anyway, why are you so nervous about the prospect of them not being Liquidated? What's the big deal?

[matty_f]

Any more info on whether or not the meeting's been postponed?

[stoneyburn hibs]

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Without the aid of a Crystal Ball, nobody could possibly know that.

Don't believe anybody that tells you they know for a fact that "it's in the bag" or "it's definitely being rejected".


Anyway, why are you so nervous about the prospect of them not being Liquidated? What's the big deal?

Want them gone, wiped.

[Mikey]

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Any more info on whether or not the meeting's been postponed?

Any more info on whether it was actually scheduled in the first place

[Green Blood]

Liquidated or not they are ****ed whatever the outcome is! It will be more enjoyable watching all the in-fighting and the journey to their next administration!!