Share Transfers Agreed/Cooling off period

[bringbackbenny]

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Would that not be too sensible?

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Do the football debts not have to subtracted from any advance payment from the SPL?

You would think so!

[Kato]

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I'm not sure where the '20 day cooling off period' stems from, but that conflicts with what I've been told.

Ooh? Go on, please.

[Dashing Bob S]

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...under the guise of "technical issues", a nice neutral excuse to use to cover the fact they are getting the runaround

"We have the green light but it's only technical issues that are stopping the rubber stamp from coming into play."

That's essentially their position.

Those fuds are in for a harsh dose of reality.

[Sanger]

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I also thought the wording of your post suggested the information was on the Bloomsberg news desk.

From the Bloomberg news desk in Lith - they have two reporters there.

[BH Hibs]

Borthwick saying sources state Vlad's arrest won't affect CVA. Hope they're not the same sources that told him there would be a meeting yesterday.

[Mikey]

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Borthwick saying sources state Vlad's arrest won't affect CVA. Hope they're not the same sources that told him there would be a meeting yesterday.

I suspect he's right.

It will affect those frozen shares though. They're now even less likely to be released.

[Hermit Crab]

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Ooh? Go on, please.

Good or bad news? What you reckon?

[Jim44]

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I suspect he's right.

It will affect those frozen shares though. They're now even less likely to be released.

Kind of, eh, hot frozen shares.

[Sanger]

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20 days cooling , 4 years defrosting (timing is for a 600w microwave oven )

I suppose there is a question over 20 day cooling period as came from BDO/BBC but seems more like a 20 day window for appeals to a court. From other posts here looks as if some creditors will appeal to a court. Court hearing would have to be set up after 20 day window. More delays and then same again for Ukio if indeed they can be convinced that £2.5m is max they can get - reason for Ukio delay is some Ukio creditors think then can get more. More appeals more delays. Time running out - the big L is coming shimmering down like a massive guillotine.

[Kato]

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"We have the green light but it's only technical issues that are stopping the rubber stamp from coming into play."

That's essentially their position.

Those fuds are in for a harsh dose of reality.

They keep it so positive it's unreal, don't want to stampede the cattle I suppose. If, and it's still a big if, they get put into a liquidiser I predict the word "shock" will appear in the headlines of the MSM along with the phrase "the deal was going along smoothly until yesterdays shock news was revealed" in the copy.

[Kato]

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Good or bad news? What you reckon?

Not really bothered but if the MSM got it wrong/are bull****ting again it's an interesting side show to the Sharts slipping slowly into the gloom.

[Brunswickbill]

The yams' tactic for negotiating with the SPFL over advanced payment.

www.youtube.com/watch?v=Z_JOGmXpe5I

[Springbank]

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I suppose there is a question over 20 day cooling period as came from BDO/BBC but seems more like a 20 day window for appeals to a court. From other posts here looks as if some creditors will appeal to a court. Court hearing would have to be set up after 20 day window. More delays and then same again for Ukio if indeed they can be convinced that £2.5m is max they can get - reason for Ukio delay is some Ukio creditors think then can get more. More appeals more delays. Time running out - the big L is coming shimmering down like a massive guillotine.

Serious question ... Do you have to be a named creditor to petition the court with interesting information relevant to the case?

I'd happily send the court a cutting from yesterday's Scotsman (outlining a £15m alternative bid of all things)

Sounds like a relevant "exhibit A" to bring to a courts attention in the interests of getting a fair deal for the impoverished victims of Lithuania who suffered while the likes of larry Kingston and that beslija fellow ate & drank their hard earned cash in the decadent West

[KeithTheHibby]

I could be wrong however I haven't seen anything from BDO regarding yesterday?

[Waxy]

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Serious question ... Do you have to be a named creditor to petition the court with interesting information relevant to the case?

I'd happily send the court a cutting from yesterday's Scotsman (outlining a £15m alternative bid of all things)

Sounds like a relevant "exhibit A" to bring to a courts attention in the interests of getting a fair deal for the impoverished victims of Lithuania who suffered while the likes of larry Kingston and that beslija fellow ate & drank their hard earned cash in the decadent West

Just do it anyway.You'll be a Hibs legend if it works.

[Kato]

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I could be wrong however I haven't seen anything from BDO regarding yesterday?

By the sounds of things they spent today rounding up their bill and asking the SPFL for an advance on any readies due, t's crossed, i's dotted and all that's left is to call a taxi for the fat lady.

[Dashing Bob S]

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By the sounds of things they spent today rounding up their bill and asking the SPFL for an advance on any readies due, t's crossed, i's dotted and all that's left is to call a taxi for the fat lady.

One should imagine that they'll be arguing about who foots the bill for that particular taxi ride.

[KB1]

It would appear we are all wrong, was in a bar in Tenerife last night and was chatting to an older hearts fan who informed me that hibs would be in relegation play off and that Tynecastle has been designated a sports ground therefore no-one will ever get permission to build on it!!!! I stifled my laughter and wished him a happy holiday!!! So so deluded

[Springbank]

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Just do it anyway.You'll be a Hibs legend if it works.

No harm sending it in.

I'll keep an eye on which court house the case is heard at :)

[Kato]

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One should imagine that they'll be arguing about who foots the bill for that particular taxi ride.

"You two stayed and had that bottle of wine that night", "I paid the guy in Vilnius out my own pocket", "that came out of Billy Brown's cash-in-hand money" - all the humdrum stuff needed to wrap up a gig. It'll be some sausage factory in admin for them next, no trips abroad, no gushing from the MSM.

[TRC]

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It would appear we are all wrong, was in a bar in Tenerife last night and was chatting to an older hearts fan who informed me that hibs would be in relegation play off and that Tynecastle has been designated a sports ground therefore no-one will ever get permission to build on it!!!! I stifled my laughter and wished him a happy holiday!!! So so deluded

As i said earlier i know for certain that they could rip it down and a change of use would be simple to get. This is from 2007 but it shouldnt have changed to much.

[Sanger]

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Serious question ... Do you have to be a named creditor to petition the court with interesting information relevant to the case?

I'd happily send the court a cutting from yesterday's Scotsman (outlining a £15m alternative bid of all things)

Sounds like a relevant "exhibit A" to bring to a courts attention in the interests of getting a fair deal for the impoverished victims of Lithuania who suffered while the likes of larry Kingston and that beslija fellow ate & drank their hard earned cash in the decadent West

An electronic dossier to all the creditors of Ukio & Unig

[Mellow Hibee]

I'm sure that BDO know what they're doing but I was under the impression that they can't create new creditors while in admin. The money from the SPFL isn't due yet and if they took it and then failed for whatever reason to complete the fixtures then surely that's what they've done.

What would happen if they borrowed it from a bank on the understanding that they would pay it back when they completed the season?

Is it the case that they'll have to structure it as some kind of gift from the SPFL?

Or that they'll have to describe it as selling the rights to recieve their part of the prize money?
(If that was the case then I guess the right to recieve the money would be an asset which they couldn't sell while in admin?)

[SurferRosa]

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It would appear we are all wrong, was in a bar in Tenerife last night and was chatting to an older hearts fan who informed me that hibs would be in relegation play off

 and that Tynecastle has been designated a sports ground therefore no-one will ever get permission to build on it!!!! 

I stifled my laughter and wished him a happy holiday!!! So so deluded

I`m fairly certain that St Mirren`s Love Street Stadium was a sports ground......shortly before they flogged the lot to Tesco. Who then promptly re-sold it for housing development.

Where these morons get their information from is a real mystery.

[SmashinGlass]

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I`m fairly certain that St Mirren`s Love Street Stadium was a sports ground......shortly before they flogged the lot to Tesco. Who then promptly re-sold it for housing development.

Where these morons get their information from is a real mystery.

As was Brockville...

[WHUHibs]

Tonight I have just had dinner with a PR guy for the SNP ...he told me that there is no way will Edinburgh council give planning permission for tynecastle to be developed. This is too big a political issue and he is confident that the Budge proposal will succeed.
The delay is due to the Bank trying to get round this and it's the Bank v politics!
Wonder if anyone in the know can check this out as this guys seems quite certain that this will happen,,I hope he is wrong and this information is ****!

[Eyrie]

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Tonight I have just had dinner with a PR guy for the SNP ...he told me that there is no way will Edinburgh council give planning permission for tynecastle to be developed. This is too big a political issue and he is confident that the Budge proposal will succeed.
The delay is due to the Bank trying to get round this and it's the Bank v politics!
Wonder if anyone in the know can check this out as this guys seems quite certain that this will happen,,I hope he is wrong and this information is ****!

Could be interesting given that the Council was going to give Cala permission.

[...WentToMowAnSPL]

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Tonight I have just had dinner with a PR guy for the SNP ...he told me that there is no way will Edinburgh council give planning permission for tynecastle to be developed. This is too big a political issue and he is confident that the Budge proposal will succeed.
The delay is due to the Bank trying to get round this and it's the Bank v politics!
Wonder if anyone in the know can check this out as this guys seems quite certain that this will happen,,I hope he is wrong and this information is ****!

It would be a bluff that if called would put a huge pressure on the outgoing council as by then there would be no Hearts with a home but a homeless one looking to rent somewhere and a Lithuanian owned land bank .... Rental agreement ? sorted ...
Alternative Sale ? Sorted...
Land no use ? Go to sleep for 5 years and try again.. Less people who care by then

Can we play poker with them ? Can we ??

[Spike Mandela]

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Tonight I have just had dinner with a PR guy for the SNP ...he told me that there is no way will Edinburgh council give planning permission for tynecastle to be developed. This is too big a political issue and he is confident that the Budge proposal will succeed.
The delay is due to the Bank trying to get round this and it's the Bank v politics!
Wonder if anyone in the know can check this out as this guys seems quite certain that this will happen,,I hope he is wrong and this information is ****!

Only guessing but in terms of PR for the SNP or ECC the thought they would block developments and investment in Edinburgh to bail out a debt avoiding business due to incestuous sporting allegiences would be political suicide imo.

Not everyone in Edinburgh is a football fan never mind a Hearts fan so sounds like wishful thinking from Mr PR guy.

[NYHibby]

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Tonight I have just had dinner with a PR guy for the SNP ...he told me that there is no way will Edinburgh council give planning permission for tynecastle to be developed. This is too big a political issue

Based on my experience making policy in my little corner of this country, it wouldn't surprise me if this was the case before the referendum. There is a pressure on public bodies to avoid doing things which might upset people before the vote.

After the referendum however...