Share Transfers Agreed/Cooling off period

[Keith_M]

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now your just letting the facts ruin someone else's story

Sorry

[Gus Fring]

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They have not but May pay day looms and if the shares are not delivered by then they could be in soapy bubble.

That's not going to cause a problem. Bidco will be able to use their money once the relevant documents have been signed.

Liquidation will likely only occur now if they hit a massive stumbling block and spend all of the Bidco money during the close season, which is very unlikely.

I'm sorry lads, but they've done the hard bits.

The only negative news coming out of Tynecastle is that Bidco have not started discussing redunancies yet. Hearts won't need or be able to afford the same staff in the championship that they have just now.

[Spike Mandela]

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That's not going to cause a problem. Bidco will be able to use their money once the relevant documents have been signed.

Liquidation will likely only occur now if they hit a massive stumbling block and spend all of the Bidco money during the close season, which is very unlikely.

I'm sorry lads, but they've done the hard bits.

The only negative news coming out of Tynecastle is that Bidco have not started discussing redunancies yet. Hearts won't need or be able to afford the same staff in the championship that they have just now.

Really begs the question why any club actually bothers paying tax, vat, bank debt or service providers at all?

[One Day Soon]

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Salmonds ACTUAL words on Putin were the result of a series of questions on his views on world leaders and other politicians. Incidentally, the actual interview took place before the situation in Crimea developed.


'Asked about Mr Putin, Mr Salmond said: "Well, obviously, I don't approve of a range of Russian actions, but I think Putin's more effective than the press he gets I would have thought, and you can see why he carries support in Russia."'

He called him 'effective' but dissaproves of many of his actions.

'Pressed on whether he admires the Russian leader, the First Minister said: "Certain aspects. He's restored a substantial part of Russian pride and that must be a good thing. There are aspects of Russian constitutionality and the inter-mesh with business and politics that are obviously difficult to admire. Russians are fantastic people, incidentally, they are lovely people."'

So, his admiration extends to certain aspects of Putin, as a politician. He does not at any point say he has unreserved admiration for him.

Herald

No, Salmond gave the interview on March 14th. The situation in Ukraine has been unpacking since at least November of last year. By 14th March a rigged referendum had already had its two questions publicly set out in which both choices meant separation from Ukraine. When he gave those views on Putin he and all the rest of the world knew exactly what was going on in Crimea.

You would think too that this might have been an excellent opportunity to criticise the position on homosexual equality and rights arising from the Sochi Winter Olympics. He managed to pass that one up though.

At best his comments were naive and ignorant, and his judgment deeply suspect. That's at best.

I'm left wondering wondering which bit of leadership he finds 'effective'?

[Famous Fiver]

I've been quiet on this for a while. As far as I am aware Bidco are only putting up the money for ownership, FOH are providing the working capital. Before proceeding to the next stage of my views can one of our financial experts confirm or reject this view?

They may have money(but how much?) but they do not have time unless there is some fancy footwork and points deduction or worse is definitely still on the agenda.

[bingo70]

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Really begs the question why any club actually bothers paying tax, vat, bank debt or service providers at all?

So they dont end up in the nick hearts are in just now?

I cant see many banks allowing clubs to run up debts like we've seen here so there wont be the same opportunity to buy tge success that hearts have done

[HIBERNIAN-0762]

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That's not going to cause a problem. Bidco will be able to use their money once the relevant documents have been signed.

Liquidation will likely only occur now if they hit a massive stumbling block and spend all of the Bidco money during the close season, which is very unlikely.

I'm sorry lads, but they've done the hard bits.

The only negative news coming out of Tynecastle is that Bidco have not started discussing redunancies yet. Hearts won't need or be able to afford the same staff in the championship that they have just now.

But they are getting Stevie May,Kris Boyd in as players and Steve Clark as manager, shirly nae redundancies here?

[hibbysam]

Sorry if this has been mentioned further up but should Hearts not exit administration by next Saturday they shall start next season on -15 again am i right? Going by the findings on Rangers they have been told that administration after next week will see them start on -25 next year so I would imagine the same logic would go for Hearts?

[Ronniekirk]

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Sorry if this has been mentioned further up but should Hearts not exit administration by next Saturday they shall start next season on -15 again am i right? Going by the findings on Rangers they have been told that administration after next week will see them start on -25 next year so I would imagine the same logic would go for Hearts?

Logic doesn't seem to be something they bother about They are on verge of exiting Administration and are now focusing on Dominating the Championship and pulling together further funding scMs so they can have money to bring in quality players and the same time Secvo are also in a Financial disarray but have a three year Plan to win big league .The Arrogance of boths Clubs knows no bounds and they truly deserve each other in the Championship next Season .

[Phil D. Rolls]

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Sorry if this has been mentioned further up but should Hearts not exit administration by next Saturday they shall start next season on -15 again am i right? Going by the findings on Rangers they have been told that administration after next week will see them start on -25 next year so I would imagine the same logic would go for Hearts?

Rangers punishment would be for going into admin. a second time. Hearts would only get - 15 as it is still the first time.

[Gus Fring]

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Sorry if this has been mentioned further up but should Hearts not exit administration by next Saturday they shall start next season on -15 again am i right? Going by the findings on Rangers they have been told that administration after next week will see them start on -25 next year so I would imagine the same logic would go for Hearts?

Hearts will only suffer a points deduction if they remain in administration by the time the first fixture in the Championship is played next season.

Rangers are not currently in Administration and will suffer a points penalty for next season if they suffer an insolvency event before the start of next season.

[Iggy Pope]

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Hearts will only suffer a points deduction if they remain in administration by the time the first fixture in the Championship is played next season.

Rangers are not currently in Administration and will suffer a points penalty for next season if they suffer an insolvency event before the start of next season.

F-me. They better get into HertzReverse and take the hit now instead while they have the points to spare!

[CropleyWasGod]

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I've been quiet on this for a while. As far as I am aware Bidco are only putting up the money for ownership, FOH are providing the working capital. Before proceeding to the next stage of my views can one of our financial experts confirm or reject this view?

They may have money(but how much?) but they do not have time unless there is some fancy footwork and points deduction or worse is definitely still on the agenda.

That's correct. Bidco are paying the £2.5m, at which point FOH will transfer £1m.

[Wing Half]

http://www.scotsman.com/sport/footba...deal-1-3393324

My guess is that no-one wants to have to bear the cost of a potentially expensive application to court regarding the shares.

[Geo_1875]

Why is everyone reporting that BIDCO are buying the shares when it was previously believed that the CVA was for FoH to take ownership and transfer everything to BIDCO? Did the terms of the CVA change after FoH were named preferred bidders?

[macca70]

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http://www.scotsman.com/sport/footba...deal-1-3393324

My guess is that no-one wants to have to bear the cost of a potentially expensive application to court regarding the shares.

So what are 4 Lawyers locked in discussions about, if this was all a done deal and just awaiting the cooling off period ending??!!


'However, it is clear that the complexities of trying to strike a deal with the lawyers of two Lithuanian companies, who themselves are in administration, means there remain some anxious days ahead if the future of Hearts is to be secured.'

[Wing Half]

The argument might be about which of the parties to the SPA is going to pay for the application to get the order of the court discharged.

[Wing Half]

. . . . or tomorrow's a public holiday. hence "stop- start".

[macca70]

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. . . . or tomorrow's a public holiday. hence "stop- start".

That's what 1 of the trumpets across the road is saying, then its a Bank holiday here on Monday so might not be concluded as quickly as they thought.

Thought they only had funds to last til end of April.

I reckon The Budgie will soon regret having ever got involved.

[Weststandwanab]

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So what are 4 Lawyers locked in discussions about, if this was all a done deal and just awaiting the cooling off period ending??!!


'However, it is clear that the complexities of trying to strike a deal with the lawyers of two Lithuanian companies, who themselves are in administration, means there remain some anxious days ahead if the future of Hearts is to be secured.'

If the deal was near done there would not be four sets of lawyers - costing god knows what - locked in negotiations.

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The argument might be about which of the parties to the SPA is going to pay for the application to get the order of the court discharged.

If that was true (and it may well be) the collective costs of all four would probably far outweigh the costs of Court Application.

It would be quicker and probably cheaper to draw lots to see who pays.

As I have said before the main threat to saving the Jambos is time or more accurately the lack time.

Keep the faith the big L has not go away yet.

[gorgie greens]

Thought the minute any business in admin has no more funds then its end game,we keep hearing that they were going to run out in April,lets hope the Liths start there fun and games again and treat them with the contempt that this vile club deserves

[bingo70]

Does anyone know if portsmouth got this far before the deal fell through?

[Glesgahibby]

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Does anyone know if portsmouth got this far before the deal fell through?

[bingo70]

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Agree as in yes it did or agree as you want to know as well?

[Glesgahibby]

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Agree as in yes it did or agree as you want to know as well?

Sorry mate,as far as I know "yes" it got this far.

[Weststandwanab]

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Sorry mate,as far as I know "yes" it got this far.

And were still Liquidated.

[worcesterhibby]

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And were still Liquidated.

I had an argument with a mate who is a massive Pompey fan about whether they were ever liquidated. He says it never happened. I have searched the internet and especially the BBC site to try to prove him wrong, but I can find no reliable reference to Pompey ever actually going into liquidation. I believe they were finally saved from the big L in April 2013 see BBC news story here http://www.bbc.co.uk/sport/0/football/22106528

Happy to be proved wrong if I am.

[#FromTheCapital]

A lot of people on here are too happy to compare hearts and portsmouth, without really knowing what went on with portsmouth.

Hearts will not be liquidated, time to stop clutching straws.

[bingo70]

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A lot of people on here are too happy to compare hearts and portsmouth, without really knowing what went on with portsmouth.

Hearts will not be liquidated, time to stop clutching straws.

Jesus, not clutching at anything, was just asking the question which a couple of folk kindly answered.

Fwiw you dont know for definite what will happen, nobody does.

[Hibby Kay-Yay]

On another note it looks as though the supporters will need to shell out in full, for their season tickets as no credit facilities will be available.

Unlucky...Hearts, the team that keeps on taking