Share Transfers Agreed/Cooling off period

[scuttle]

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Sergey is at it with several aliases. There's my tuppence worth.

Im Spartacus

[Onion]

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They have been relegated. If you had been told last year that would happen you would have been delighted. So how is that winning? Only half of those who voted on the poll here wanted them to totally disappear.
They are entitled to gloat about not going in to liquidation after we taunted them for months about it being a possibility. If we give it out then we just have to take it on the chin when it comes back at us.

There was no chance whatsoever of them ever just "disappearing" if the company was liquidated. They would re-emerge in some form.

The reason most right-minded people are brassed off is that they've managed to shed £25-30M of debt at a cost of .... relegation by 1 league. That's it. IMHO that is an absolute bargain. Other relegated teams get nothing. In the Yams case, it's like a parachute payment. Even the Huns paid 3 years in the lower leagues to lose their debt.

Seriously, there is nothing in this to discourage other football clubs from following the same unethical, ruinous path. Uncomfortable but in the end really, pretty painless.

[CropleyWasGod]

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Would be interesting to here from our Chairman on the issue of Sporting Integrity .Sevco in hindsight were thrown to the Wolves and everyone was baying for blood and they were hit every which way .I know liquidation meant the penalties had to be more severe but from an objective stance forgetting they are our rivals it does seem that they have had sympathy from the start and the fact it was a foreign owner seems to have resulted in poor wee hearts that criminal was corrupt and it's all his fault and not there's .
We still don't know how this is going to leave them financially ie assume they still can't sign up players till officially come out of admin but no doubt deals with current players to resign will start and they will start putting feelers out for new players .
Will there be scrutiny of thier finances and checks and balances put in place to ensure they aren't cheating again right at outset .Well the answer from Sevco s current situation is clearly No .That is the stark sad Truth of the matter and goes back to the crux of any Principled Stance on the Issue of Sporting Integrity as to me that's been lost sight of .
If they come back up in one season and straight into top six then you would be able to say they had in fact benefited after one difficult year Not sure there isn't more to come as there will no doubt be a willingness but all the Hearts minded Politicians who came to their rescue to help them with new ground and council funding and eases of planning permission to assist etc .
So we need to keep these issues alive and be the ones to remind them they are Dirty Cheating *******s ,starting with next Derby .If we let them away with this we are letting ourselves down .
No one else seems to be bothering so like the Liverpool campaign Justice For The 96 we need to keep reminding them of it Some might see that as Sour Grapes but the history of our club shows we were discriminated against and had to fight for survival .read Alan Lugtons books on our early history .
Will they be stripped of cups won when cheating ,not a chance .

Let's now move on to the next Derby game and ensure we are right behind our Team and hopefully our players can do the talking on the Pitch to send them on there way down with a defeat

A few points:-

1. Hearts were actually "punished" more than Rangers were. 15 points vs. 10. Everything else that happened to Rangers was as a direct result of their liquidation. ie commercial consequences.

2. "Will there be scrutiny of thier finances and checks and balances put in place to ensure they aren't cheating again right at outset". How do you define "cheating"? If, by that, you mean overspending as in Rangers case, they will be found out commercially pretty quickly. Other than that, the SFA are adopting the FFP regulations in due course.

3. "all the Hearts minded Politicians who came to their rescue to help them with new ground and council funding and eases of planning permission to assist " Not sure what you mean by this.

[CropleyWasGod]

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My lack of posting is mainly due to other matters such as a bunch of clueless and classless morons trying to figure out who I am, getting it wrong but abusing the guy anyway.

Having caught up with the thread frankly I'm embarrassed by the behaviour and attitude of some.

My info is that the deal has been done. It likely will not be held up by frozen shares. My info is also that they will not be spending big nor will they have any more money. Whilst Budge is in control Hearts will be run very carefully because she can't risk losing her money.

All I've done throughout is give the info from within Tynecastle. Even BDO didn't know the final outcome I can only report what I'm being told.

Welcome back.

As Lennon said, All I want is the truth.

[ronaldo7]

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My lack of posting is mainly due to other matters such as a bunch of clueless and classless morons trying to figure out who I am, getting it wrong but abusing the guy anyway.

Having caught up with the thread frankly I'm embarrassed by the behaviour and attitude of some.

My info is that the deal has been done. It likely will not be held up by frozen shares. My info is also that they will not be spending big nor will they have any more money. Whilst Budge is in control Hearts will be run very carefully because she can't risk losing her money.

All I've done throughout is give the info from within Tynecastle. Even BDO didn't know the final outcome I can only report what I'm being told.

Thanks for all your input. It's been easy reading

[Sanger]

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Game playing and wind up more accurate I think but give him the right of reply , till that last twist he wasn't far off the mark .yes he thought des santos was a fraud but turned out he was the one in the know for that last twist but surely we can forgive him for that .

Sergey is genuine. I am not Sergey by the way. De Santos also right on how Ukio's problems would spill over into Hearts and alerted people to that via Bloomberg stories and also was on the money trail with fully referenced real size of debt. Still yesterday's events in Lith are shrouded in mystery and not transparent or possibly constitutional as far as creditors are concerned. Was there a meeting of creditors? Seems like a creditors committee acting on behalf of all the creditors and the fact that Ukio administrator announced via an email. Also caught BDO on the hop. More to come out of this and may not be over yet as far as all Ukio’s creditors are concerned.

[The_Todd]

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Sergey is genuine. I am not Sergey by the way. De Santos also right on how Ukio's problems would spill over into Hearts and alerted people to that via Bloomberg stories and also was on the money trail with fully referenced real size of debt. Still yesterday's events in Lith are shrouded in mystery and not transparent or possibly constitutional as far as creditors are concerned. Was there a meeting of creditors? Seems like a creditors committee acting on behalf of all the creditors and the fact that Ukio administrator announced via an email. Also caught BDO on the hop. More to come out of this and may not be over yet as far as all Ukio’s creditors are concerned.

You do know that we all know you ARE DeSantos, right? Unless you're talking about yourself in the third person.

[Hank Schrader]

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My lack of posting is mainly due to other matters such as a bunch of clueless and classless morons trying to figure out who I am, getting it wrong but abusing the guy anyway.

Having caught up with the thread frankly I'm embarrassed by the behaviour and attitude of some.

My info is that the deal has been done. It likely will not be held up by frozen shares. My info is also that they will not be spending big nor will they have any more money. Whilst Budge is in control Hearts will be run very carefully because she can't risk losing her money.

All I've done throughout is give the info from within Tynecastle. Even BDO didn't know the final outcome I can only report what I'm being told.

Cheers Bajillions.

And for any of the balloons looking in who have contributed towards the hassle Bajillions has endured over the last week, well done to you, you must be really proud of yourselves. Hows about concentrating on helping saving your pathetic little football team rather than giving it GIRFUY to Hibs and their supporters eh? Morons.

[jacomo]

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Thanks for all your input. It's been easy reading

Props to Bajillions.

[HFC 0-7]

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My lack of posting is mainly due to other matters such as a bunch of clueless and classless morons trying to figure out who I am, getting it wrong but abusing the guy anyway.

Having caught up with the thread frankly I'm embarrassed by the behaviour and attitude of some.

My info is that the deal has been done. It likely will not be held up by frozen shares. My info is also that they will not be spending big nor will they have any more money. Whilst Budge is in control Hearts will be run very carefully because she can't risk losing her money.

All I've done throughout is give the info from within Tynecastle. Even BDO didn't know the final outcome I can only report what I'm being told.

I dot think people have been directing it you, more Sergey. I think his latter posts where he was making out he was heavily involved with bringing hearts down and ripping into desantos, who was actually proved kind of right in the end is what have irked people.

I dont think Sergey misled us, not intentionally anyway. I just think he got caught up in it all and Mis read some of the goings in towards the end. When he started quoting kickback people and trying to wind them up from here I think it was starting to get out of hand, in the end, because people were gettin involved, things started moving discreetly in the background in lith land because there were so many leaks.

[Ronniekirk]

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A few points:-

1. Hearts were actually "punished" more than Rangers were. 15 points vs. 10. Everything else that happened to Rangers was as a direct result of their liquidation. ie commercial consequences.

2. "Will there be scrutiny of thier finances and checks and balances put in place to ensure they aren't cheating again right at outset". How do you define "cheating"? If, by that, you mean overspending as in Rangers case, they will be found out commercially pretty quickly. Other than that, the SFA are adopting the FFP regulations in due course.

3. "all the Hearts minded Politicians who came to their rescue to help them with new ground and council funding and eases of planning permission to assist " Not sure what you mean by this.

1) I did allude to Sevco being different because of liquidation but the general outcry from supporters of other clubs put chairmen in position they were having to take hard line against Sevco ..It seems to me that with Hearts no one else seems that bothered about situation apart from us .
2) do these FFP regulations deter clubs from overspending and does it make it more difficult to do this as without that then the moral of current story appears to be you can overspend and win things .Take a few years out and start again . I may be being simplistic in this but what's to stop budge once in control bringing others on to the board who are willing to invest new money and who she could sell the club onto Assume there is nothing legally Binding about the club handing over to a Supporters to own ,that could be jettisoned further down the line when it suits her
3) was looking ahead to what might happen as there has been talk of Tynie being sold and move to new stadium and folk were saying there may be the political will to help out Some form of community owned sporting resource and Hearts play their football there a Remember a while back the hibs board came out and were saying that the council seemed willing to explore helping hearts look to relocate to new stadium after we had completed Easter road and paid for it ourselves .

Or maybe I am in danger of sour grapes and am on the wrong track looking for conspiracy theories

[Ronniekirk]

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Sergey is genuine. I am not Sergey by the way. De Santos also right on how Ukio's problems would spill over into Hearts and alerted people to that via Bloomberg stories and also was on the money trail with fully referenced real size of debt. Still yesterday's events in Lith are shrouded in mystery and not transparent or possibly constitutional as far as creditors are concerned. Was there a meeting of creditors? Seems like a creditors committee acting on behalf of all the creditors and the fact that Ukio administrator announced via an email. Also caught BDO on the hop. More to come out of this and may not be over yet as far as all Ukio’s creditors are concerned.

Brian Jackson looked like the cat who got the cream on TV last night .Went as far to say he was 90 percent sure it would go through with a few obstacles to go so you have to assume they have a plan already in motion to overcome those obstacles .so while not all done and dusted and rubber stamped etc it sounds as good as unless someone puts another fly in the ointment .

[Golden Bear]

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My lack of posting is mainly due to other matters such as a bunch of clueless and classless morons trying to figure out who I am, getting it wrong but abusing the guy anyway.

Having caught up with the thread frankly I'm embarrassed by the behaviour and attitude of some.

My info is that the deal has been done. It likely will not be held up by frozen shares. My info is also that they will not be spending big nor will they have any more money. Whilst Budge is in control Hearts will be run very carefully because she can't risk losing her money.

All I've done throughout is give the info from within Tynecastle. Even BDO didn't know the final outcome I can only report what I'm being told.

Respect Mr Bajillions.

You're posts are informative and entertaining so lang may yer lum reek.

[EdinMike]

Pishy Breeks Speaks... http://www.bbc.co.uk/sport/0/football/27062505

"Now" Sharts are in the right hands... Where have I heard that before...

[WHUHibs]

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No I'm not.

Me neither,,,,thinking of changing my name for no other reason I'm no longer based in Russia plus not happy with what's happening to my friends still in the Ukraine..if you see a change it's for no other reason,,,

[HUTCHYHIBBY]

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You do know that we all know you ARE DeSantos, right? Unless you're talking about yourself in the third person.

I'm still waiting for this odd alter ego thing to be explained.

[SurferRosa]

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Pishy Breeks Speaks... http://www.bbc.co.uk/sport/0/football/27062505

"Now" Sharts are in the right hands... Where have I heard that before...

He was probably begging UBIG creditors not to ask too much for the shares in case it put Budgie off. He has previous for that as well.

[the_ginger_hibee]

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Sergey is genuine. I am not Sergey by the way. De Santos also right on how Ukio's problems would spill over into Hearts and alerted people to that via Bloomberg stories and also was on the money trail with fully referenced real size of debt. Still yesterday's events in Lith are shrouded in mystery and not transparent or possibly constitutional as far as creditors are concerned. Was there a meeting of creditors? Seems like a creditors committee acting on behalf of all the creditors and the fact that Ukio administrator announced via an email. Also caught BDO on the hop. More to come out of this and may not be over yet as far as all Ukio’s creditors are concerned.

Nothing can happen with Ukio's creditors. There is no right of appeal. Its done.

[southsider]

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1) I did allude to Sevco being different because of liquidation but the general outcry from supporters of other clubs put chairmen in position they were having to take hard line against Sevco ..It seems to me that with Hearts no one else seems that bothered about situation apart from us .
2) do these FFP regulations deter clubs from overspending and does it make it more difficult to do this as without that then the moral of current story appears to be you can overspend and win things .Take a few years out and start again . I may be being simplistic in this but what's to stop budge once in control bringing others on to the board who are willing to invest new money and who she could sell the club onto Assume there is nothing legally Binding about the club handing over to a Supporters to own ,that could be jettisoned further down the line when it suits her
3) was looking ahead to what might happen as there has been talk of Tynie being sold and move to new stadium and folk were saying there may be the political will to help out Some form of community owned sporting resource and Hearts play their football there a Remember a while back the hibs board came out and were saying that the council seemed willing to explore helping hearts look to relocate to new stadium after we had completed Easter road and paid for it ourselves .

Or maybe I am in danger of sour grapes and am on the wrong track looking for conspiracy theories

Dundee Utd and Aberdeen also widly overspent but came to an arrangement with their banks to wipe out a large part of their debt to them. The looser again will be Joe Public as he/she have to face higher charges to make good that shortfall. Again all the press did was offer congratulations on a job well done. Seems only the good guys get shafted and i, for one, am sick of it.

[Beefster]

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Even the Huns paid 3 years in the lower leagues to lose their debt.

Completely different circumstances. Motherwell went into administration and didn't even get relegated.

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De Santos also right on how Ukio's problems would spill over...

[Kato]

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Sergey is genuine. I am not Sergey by the way. De Santos also right on how Ukio's problems would spill over into Hearts and alerted people to that via Bloomberg stories and also was on the money trail with fully referenced real size of debt. Still yesterday's events in Lith are shrouded in mystery and not transparent or possibly constitutional as far as creditors are concerned. Was there a meeting of creditors? Seems like a creditors committee acting on behalf of all the creditors and the fact that Ukio administrator announced via an email. Also caught BDO on the hop. More to come out of this and may not be over yet as far as all Ukio’s creditors are concerned.

I can see your lips move.

[marinello59]

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1) I did allude to Sevco being different because of liquidation but the general outcry from supporters of other clubs put chairmen in position they were having to take hard line against Sevco ..It seems to me that with Hearts no one else seems that bothered about situation apart from us .

Exactly. I made myself pretty unpopular with some on the Sevco thread when I expressed the view that the desire to see Rangers disappear was very little to do with sporting integrity and much more to do with seeing a much disliked rival suffer. ( I ain't saying that's wrong. ) The Hearts case would tend to suggest I was right. Only Hibs fans are as bothered about this as the rest of Scottish football was about Rangers but Hearts have committed the same 'crime.'
Hearts have been punished heavily. The signing restrictions and points deduction effectively relegated them before a ball was kicked this season. We shouldn't let ourselves be blinded by disappointment that they haven't suffered an even worse fate. Liquidation or not, they were never going to disappear totally. Personally I would miss the Derby anyway, for me it is what being a football fan is all about. This thread has been fun but it looks like the game is nearly over. I'd rather look forward now.

[The_Todd]

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I'm still waiting for this odd alter ego thing to be explained.

He seems to be happily ignoring the fact he's been called on it multiple times. It is most odd.

[Waxy]

Everythings gone a bit haywire since yesterday. People exploding into two different folk n stuff.it's been fun. I'll miss this thread.

[Spike Mandela]

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A few points:-

1. Hearts were actually "punished" more than Rangers were. 15 points vs. 10. Everything else that happened to Rangers was as a direct result of their liquidation. ie commercial consequences.

2. "Will there be scrutiny of thier finances and checks and balances put in place to ensure they aren't cheating again right at outset". How do you define "cheating"? If, by that, you mean overspending as in Rangers case, they will be found out commercially pretty quickly. Other than that, the SFA are adopting the FFP regulations in due course.

3. "all the Hearts minded Politicians who came to their rescue to help them with new ground and council funding and eases of planning permission to assist " Not sure what you mean by this.

Glad you put punished in inverted commas. You will not find a Hearts supporter anywhere who did not think the Romanov era was worth it. Yet again a football administration has proven to be a useful business tool to shed massive debt and prove itself the great swindle that it truly is.

[Sanger]

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Nothing can happen with Ukio's creditors. There is no right of appeal. Its done.

What is source for that since we don't even know if there was creditors meeting or if there is a cooling off period? We are all a bit in the dark on what has or has not happened in Lith. Bloomberg only have an email from the Ukio administrator, nothing else.

[EdinMike]

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Glad you put punished in inverted commas. You will not find a Hearts supporter anywhere who did not think the Romanov era was worth it. Yet again a football administration has proven to be a useful business tool to shed massive debt and prove itself the great swindle that it truly is.

That double negative threw me into a midmorning loop, I need a coffee and a smoke !

[jacomo]

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Pishy Breeks Speaks... http://www.bbc.co.uk/sport/0/football/27062505

"Now" Sharts are in the right hands... Where have I heard that before...

No regrets and no penitence from the pish-stained Lord, I see. The last decade has been a 'Helter skelter' ride apparently. F*** the creditors!

[CropleyWasGod]

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What is source for that since we don't even know if there was creditors meeting or if there is a cooling off period? We are all a bit in the dark on what has or has not happened in Lith. Bloomberg only have an email from the Ukio administrator, nothing else.

The source is Bryan Jackson.

I tend to believe him; his interview yesterday was very enlightening. He is firmly of the opinion that UKIO cannot go back on their decision. In his own words, that is because they have a creditors committee. Not sure what exactly he meant by that, but I have no reason to disbelieve him.

[brog]

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Game playing and wind up more accurate I think but give him the right of reply , till that last twist he wasn't far off the mark .yes he thought des santos was a fraud but turned out he was the one in the know for that last twist but surely we can forgive him for that .

Sergey has been pretty much correct throughout & I believe he will be vindicated that there was no meeting scheduled for yesterday. I also doubt very much that any meeting actually took place, rather the deal was agreed by phone/email or whatever. Remember UKIO were only ratifying what had already been provisionally agreed at the meeting of creditors. I should declare an interest in that I have known S for far too many years & I can confirm he's not Bajillions or anyone else on this forum. Re Bajillions, his posts have been wonderful, keeping us informed as to what was going on at PBS throughout & again I believe in time he will be seen to have been 100% accurate.
Desantos/Sanger is another matter. He changed his mind more often than I change my shorts but incredibly, & unfortunately, he came up with an email from the Lith lawyers which turned out to be accurate. To all these guys & CWG, GG, Cav etc I say thanks for a hugely entertaining 10 months which has helped deflect attention from events on the pitch at ER.
PS, just to upset CWG one last time DR headline today says UB agree to sell - - to Budge! This could actually bite Yams on bum as I can see a lot of DD's being cancelled now a multi-millionaire is in charge.