Share Transfers Agreed/Cooling off period

[carnoustiehibee]

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the outpouring of joy and emotion from media sources on twitter etc. is just cringeworthy. All people with very very short memorys.

Yeh I've noticed that also. Has pisses me off more then the actual outcome

[Mikey09]

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Hearts have escaped a quick death. Now they will go through a long a painful one and we will still be watching it over the coming years.

These are the same cheating people who will be encouraged to think they can continue in their ways unpunished. Yet another punishment will arise from their own demands and the inability of their owners to satisfy them. Their insanity has not reached it's peak and they will devour themselves from the inside. They have jumped from the frying pan into the fire. In failing to be judged by others, they will now be judged by themselves, and who could be more brutal judges than deluded and angry jambos.

What at I was trying to say.... Just put better!!!

[HappyAsHellas]

So if the cooling off period takes us to the 6/7th of May, and they're due to run out of money in the next couple of weeks, might it all depend on the SFA giving them the money up front instead of at the end of the season.
Or am I desperately trying to grasp at some tubular drinking implements?

[GreenLake]

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I'm able to focus on our season AND the mess our rivals are in.

This thread has been a been a brilliant laugh and will continue to have the yams raging until the whole sorry affair is done and dusted.

Indeed! I don't think this affair will ever be done and dusted and we should keep reminding them about the heinous crimes they have perpetrated.

[The_Todd]

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Don't know why people keep saying they haven't got away with it and that they will struggle. They will still have a bigger budget than every team in Scotland bar about 5 or 6 teams. Everyone seems to be pinning their hopes on the direct debits drying up, but I am not so sure they will. They get compared with Portsmouth but that's a completely different situation. Most of Scottish teams budget comes from the fans, hearts have a large fan base so they will be fine IMO.

Not likely. Even if they continue to charge Premiership ticket prices (which would be a rip off) they have lower crowds, less TV money and much less prize money to factor in. Also this Budge woman has indicated Hearts will be a tightly run ship, not going off course like it did under VR. They won't be spending their way out of trouble again.

[duffers]

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People physically peeing their yfronts in here today.What would this place go like if the SPFL decided to scrap relegation this year and the council announce a new 20000 seat rugby stadium was to be built this summer.
This vote was expected.they still have massive problems.

It wasn't really expected though was it. The last few days everyone was talking about 'the big L' on here.

They're still not out the **** as much as they say they are however.

[Mikey]

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They get compared with Portsmouth but that's a completely different situation.

What are the differences?

While you're working that out I'll give you the similarities........

Same country
Same legal system
Both had an owner who owned a Lith bank and spent millions of depositors money causing the bank to fold
Both of those former owners are on the run

Everything linked to Snoras remains frozen. Even the shares of a football club that won the FA Cup a few years ago. Why would the shares of a club that won the Scottish Cup a few years ago be treated any differently?

And not just differently, but be the one exception in all of this??

[HFC 0-7]

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Not likely. Even if they continue to charge Premiership ticket prices (which would be a rip off) they have lower crowds, less TV money and much less prize money to factor in. Also this Budge woman has indicated Hearts will be a tightly run ship, not going off course like it did under VR. They won't be spending their way out of trouble again.

Lower crowds? Again another hibs.net myth! Why do you think the crowds will be lower? They will have a bigger crowd than anyone in the championship apart from rangers. They will get tv money next season as the rangers hearts games are bound to be televised.

If you look at the average attendances of teams in the championship you will see how much more hearts will get. I firmly believe hearts will finish second next season and have a chance to come straight back up.

[greenpaper55]

Jackson says hopefully concluded before the end of the season
http://www.edinburghnews.scotsman.co...sfer-1-3378009

[Kawacabbage10]

Long time since I've posted on the forum but following this thread for what seems like an age....

Can see it now if / when the shares are transferred and the Budge gains control, the For Sale signs will be up outside Tynecastle before you know it with an asking price "slightly" inflated than the £ 2.5m asking price she acquired the whole shabby institution for !!

Then enter our esteemed Council, ignoring the fact that our schools are literally crumbling and the cash they squandered on the trams fiasco, to announce a Community stadium to replace Meadowbank.....with the Yams up in arms that the proposed stadium has a planned running track !!

Anyway....***** em ! Time for Farmer / Petrie to get our act together and get a team that we can shout about on the park to go with the infrastructure we have inplace of it !

[GreenLake]

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Not likely. Even if they continue to charge Premiership ticket prices (which would be a rip off) they have lower crowds, less TV money and much less prize money to factor in. Also this Budge woman has indicated Hearts will be a tightly run ship, not going off course like it did under VR. They won't be spending their way out of trouble again.

Cat among the pigeons.

The lady is not for girning. They will greet and girn but she won't splurge. She will make Petrie look like Abramovich. I hope she does though, so we have admin 2, which we will all be secretly waiting for on hibs.net.

"Admin 2" coming to a Tynecastle near you soon.

[Golden Bear]

Salmond!!

I'll be keeping a close eye on Scotland's foreign aid budget from now on just in case the Liths have been earmarked for any special benefits.

[Hibee87]

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What are the differences?

While you're working that out I'll give you the similarities........

Same country
Same legal system
Both had an owner who owned a Lith bank and spent millions of depositors money causing the bank to fold
Both of those former owners are on the run

Everything linked to Snoras remains frozen. Even the shares of a football club that won the FA Cup a few years ago. Why would the shares of a club that won the Scottish Cup a few years ago be treated any differently?

And not just differently, but be the one exception in all of this??

This is the one thing annoying me, and that I dont get.

As stated everything is pretty much the same as portsmouth, including the administrator. So why would BDO go throug hall these hoops to get the CVA done if they KNOW the share are frozen, and likly to be a problem? Surly all the hearts fans would turn on them more if it turns out they are frozen and Liquidation does still happen as they would have been strung along for last 10 months?

Also the fact WE have been saying about the frozen shares since last year, and yet NOBODY from the media seems to have asked this question, why is this?

It seems this is clearly the biggest hurdle

is it possible the bidco deal can be approved, with the transfer of the stadium debt be included, onl for the shares to come into play and liquidation happens BUT as the debt of stadium doesnt fall into the category of frozen shares Heats get to keep the stadium for 2.5 million?

[The_Todd]

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Lower crowds? Again another hibs.net myth! Why do you think the crowds will be lower? They will have a bigger crowd than anyone in the championship apart from rangers. They will get tv money next season as the rangers hearts games are bound to be televised.

If you look at the average attendances of teams in the championship you will see how much more hearts will get. I firmly believe hearts will finish second next season and have a chance to come straight back up.

Fewer away fans visiting Tynie is what I meant. Ok, I know Rangers and maybe Falkirk and Dundee (depending on who gets promoted of course) will take decent numbers, but will that be the case for games such as Livi, for example who only get 1,000-odd at home or Alloa who only get 600ish at home? They won't suddenly find big supports to take to Tynie.

And I didn't say no TV money, but less tv money. They'll have a very good budget for Championship football but it's not going to be an unsurmountable chasm between Hearts and the rest - nothing like the Celtic-everyone else chasm in the Premiership.

[GlasgowHibee]

Got to say, DeSantos, well done. You were the only one who knew the real details when push came to shove.

One question, why were you quoting yourself yesterday?

[Mon Dieu4]

So between the 50% and 30% for the UKIOS combined is it still Vlads niece that has the other 20% odd?

[inglisavhibs]

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I just don't see why the Hearts shares would be treated any differently. No-one has been able to come up with a reason why they would.

So in theory they have to be unfrozen by the Lith courts once the cooling off period has ended.

Time will tell I guess.

Given the way the BBC article is written you would think that this really is final now and Jackson has performed a near miracle. If he comes out now and says they are over the line then that's it. Some deal may have been done in the background on the frozen assets of UBIG. Although they won't have it easy now for various reasons they will bounce back relatively quickly. Our job is now to stay in the league this season and be much better prepared for when the top league includes Rangers and Hearts along with Aberdeen, Dundee United and Celtic. It's a big challenge for us.

[CropleyWasGod]

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is it possible the bidco deal can be approved, with the transfer of the stadium debt be included, onl for the shares to come into play and liquidation happens BUT as the debt of stadium doesnt fall into the category of frozen shares Heats get to keep the stadium for 2.5 million?

No.

If the shares aren't transferred, liquidation happens and the PBS is up for sale.

[Waxy]

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Salmond!!

I'll be keeping a close eye on Scotland's foreign aid budget from now on just in case the Liths have been earmarked for any special benefits.

Aye. The people of Scotland pay to get them off the hook without knowing it. This is the reality that is happening now.

[GreenLake]

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Lower crowds? Again another hibs.net myth! Why do you think the crowds will be lower? They will have a bigger crowd than anyone in the championship apart from rangers. They will get tv money next season as the rangers hearts games are bound to be televised.

If you look at the average attendances of teams in the championship you will see how much more hearts will get. I firmly believe hearts will finish second next season and have a chance to come straight back up.

Maybe you were not around in the 70's/80's when Hearts were living within their means?

Year--------Division---------Average Attendance
1978/79-----Premier--------------10,831
1979/80------First------------------5,735
1980/81-----Premier---------------7,759
1981/82------First------------------5,157
1982/83------First------------------5,908

[tamig]

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It had an air of inevitability about it. Meanwhile they'll be stuck in the Championship for a couple of years and turn out like Dundee. Anyone getting too worked up about it needs to log out for a couple of days and chill out, I'm still going to enjoy the pain of them not being able to buy themselves promotion. If only there was a way for Hearts and Rangers to fail to get promoted next year

No club that has escaped from admin has ever been close to being the same again. Motherwell are the only ones who have made a decent fist of it. The others have mainly gone into a downward spiral. I'm not just talking about Scottish teams here. Hertz have plenty of pain to come. They'll be strugglin'.

[DC_Hibs]

We knew it was coming to this. Clutching at the final straw of alleged frozen shares.

BDO and FOH have never seemed to acknowledge it as being a problem and have cleared the other hurdles to date so it appears to me that the show's over.

[Hibee87]

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No.

If the shares aren't transferred, liquidation happens and the PBS is up for sale.

Well this just makes me wonder WHY BDO have never mentioned shares as they clearly have previous knowledge on how this is likely to pan out, and even more annoyingly (as said many time by many people on here) WHY has the media never mentioned this? its not like it will come as a suprise to anyone should the frozen shares force them into liquidation

[Golden Bear]

[QUOTE=inglisavhibs;3971659]Given the way the BBC article is written you would think that this really is final now and Jackson has performed a near miracle. If he comes out now and says they are over the line then that's it. Some deal may have been done in the background on the frozen assets of UBIG. Although they won't have it easy now for various reasons they will bounce back relatively quickly. Our job is now to stay in the league this season and be much better prepared for when the top league includes Rangers and Hearts along with Aberdeen, Dundee United and Celtic. It's a big challenge for us.[/QUOTE]



Let's get back to reality and concentrate on putting our own house in order. Much work is required.

[Keith_M]

Lots of pink in the usernames below. They seem to be enjoying reading the news on here more than on Kickback.


On behalf of Mikey and the team, thanks for supporting hibs.net ad revenue

[Waxy]

What happened with Portsmouth? Did they also get their CVA approved?

[greenpaper55]

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Maybe you were not around in the 70's/80's when Hearts were living within their means?

Year--------Division---------Average Attendance
1978/79-----Premier--------------10,831
1979/80------First------------------5,735
1980/81-----Premier---------------7,759
1981/82------First------------------5,157
1982/83------First------------------5,908

I remember it well, could not exit the lower Division at the first time of asking ! then the financial doping started which leads them back to where they are now, hope they stay down for a decade.

[NOLA]

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They will have old big nose signed for the derby if you believe kickback.

they dont need him to beat us tbf

[Hibee87]

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Maybe you were not around in the 70's/80's when Hearts were living within their means?

Year--------Division---------Average Attendance
1978/79-----Premier--------------10,831
1979/80------First------------------5,735
1980/81-----Premier---------------7,759
1981/82------First------------------5,157
1982/83------First------------------5,908

Dont really see how you can use 70's/80's attendence to compare to what hearts will get next year, there is around 2 new generations of fans born since those days..... its a pretty moot point, the truthful answer is hearts will likely average around 11 k in the first division

[the_ginger_hibee]

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What happened with Portsmouth? Did they also get their CVA approved?

Yes.

http://lmgtfy.com/?q=Portsmouth+cva