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Posted
Former Livingston owner Angelo Massone has entered the race to save Hearts after lodging a £4.5million bid for the club.

 

A Rome-based lawyer, Massone is mediating on behalf of an Italian consortium which has tabled a formal offer to lawyers representing Tynecastle owner Vladimir Romanov.

 

Yas!  Massone ruined Livingston!  :thumbsup:

Posted

http://www.heartsfc.co.uk/articles/20121115/share-offer-update_2241384_2981510#continue

 

Share Offer update

 

15.11.2012

Heart of Midlothian FC would like to make supporters aware of upcoming changes to our Share Offer payment terms.

 

As from 5pm tomorrow evening (Friday 16th November) supporters will no longer be able to purchase shares in the club using their debit or credit cards.

 

This decision has been taken following discussions with our merchant service provider.

 

Supporters are reminded that the best way to maximise the efficiency of their contributions is through cash purchases or donations. Payments can also be made by cheque, banker's draft or Zebra Finance's 10-month payment plan.

 

Those wishing to make a donation to the club can do so by calling 0131 200 7202 between the hours of 9am to 5pm, Monday to Friday.

 

:lolabove:

  • 2 weeks later...
Posted
    Hearts director Sergejus Fedotovas has warned against thinking the club is free of its financial problems.

    Fedotovas thanked fans for their efforts in raising money so far , but warned the club is still short of funds to complete the season.

    "The effort is outstanding," he told the club's official website.

    "Many important challenges lie ahead," he added. "We are still short of covering our wage and tax bill undertakings for the season."

  • 2 weeks later...
  • 2 weeks later...
Posted

 

Well they have only made £150k and the share issue ends this afternoon.

 

Romanov has also just done the same last night to the fans of his basketball team in Kaunas saying they all need to put in £25 or they will go bust.

 

His Ukio Bankas shares are also down another 10% on last month.

 

:rofl:

Posted

Well they have only made £150k and the share issue ends this afternoon.

 

Romanov has also just done the same last night to the fans of his basketball team in Kaunas saying they all need to put in £25 or they will go bust.

 

His Ukio Bankas shares are also down another 10% on last month.

 

:rofl:

 

Kaunas is his football team.

Vilnius is his basketball team.

  • 2 weeks later...
Posted

SPL Press Release ~ Heart of Midlothian FC

 

A sub-committee of the SPL Board convened today at Hampden to consider two charges against Heart of Midlothian FC (‘the Club’) – for failure to pay bonuses and appearance monies owing to players and coaching staff (a ‘Remuneration Default’); and for the Club’s subsequent failure to inform the SPL of such failure to pay in a timely manner.

 

The sub-committee found the Club guilty of breaching SPL Rules A6.21 and A6.22 in respect of a number of players.

 

The Club remains subject to the existing registration embargo, which will continue in effect until such time as the SPL Board is satisfied that the Remuneration Default is no longer ongoing.  However, the decision of the sub-committee today was that the Club should be made subject to further restrictions on the registration of players.

 

As a result, if and when the Club satisfies the SPL Board that the Remuneration Default is no longer ongoing, the Club will (until the end of the 2012/2013 Season) only be able to register players on the following basis:

 

- One out, one in (ie the Club will only be able to replace such number of players as have their registrations with the Club terminated – whether by sale, mutual agreement or otherwise)

 

- Only under-21 players (as defined in the SPL Rules) will be able to be registered

 

- Any new under-21 player registered must have an annualised employment cost lower than that of the player leaving the Club

 

  • 4 weeks later...
Posted
A SCANDINAVIAN consortium is piecing together a takeover bid to buy Hearts.  SunSport can reveal a group of six, who all studied in Edinburgh, have come up with a deal to buy out Vladimir Romanov. And they want the Hearts Foundation fans’ group on board to help run the club.

The consortium, whose ages range from 40 to 60 and span business backgrounds in banking, oil engineering, shipping and venture capitalism, would look to run things along a Scandinavian-type model.

That would see the club split into a separate sporting body and limited company.

The Hearts Foundation would control the former, with the new consortium managing the latter.

The sporting body would make money from selling its commercial rights to the limited company at the latest market rates.

Additional funds would be raised through a membership scheme — similar to the one used by German clubs — along with transfer income and a ticket revenue agreement.

It’s likely there would be NO cash injections from the potential new owners, who would expect the sporting arm to be self sustainable.

They would know their budget at the start of each season, leaving them free from the instability that has dogged the Tynecastle club.

SunSport understands provisional talks have already taken place between a consultant the consortium have used and the Foundation.

It’s hoped terms can be put to the fans’ group next week. But as yet no dialogue has taken place with Hearts directors.

Romanov has slapped a £50m price tag on the club, but they currently have debts of around £22.4m and it would be likely the Scandinavians would look to do a deal in the region of £10-£15m.

It’s understood the group members are based in Norway and Sweden and have been involved in ownership of clubs in Scandinavia in the past, although at a minor level.

Three of the group would take a more active part, with the remaining three taking a back seat.

They would lean on the experience of Norwegian football, which has just entered into a period of stability after previous overspending left clubs struggling.

A source close to the consortium said: “It’s still early days but the consortium have looked into this and haven’t run away.

“This model would be built on a realistic assessment of a club the size of Hearts.

“There’s no reason why the club shouldn’t be the third biggest in the country and challenging.”

Posted

a preemptive entry

 

Inverness CT seek explanation on Danny Wilson eligibility  

 

By Charles Bannerman BBC Scotland   

 

Inverness are seeking clarification over the eligibility of Hearts player Danny Wilson for last Saturday's League Cup semi-final.

 

The query relates to a suspension he picked up whilst with Rangers in 2010.

 

"As a result of discussions that have taken place, the club will be seeking further details and an explanation," said an Inverness CT statement.

 

The Scottish Football Association yesterday stated that Wilson was eligible to play, but it's unclear as to when the one-game ban was served.

 

Wilson's ban, specifically for one Scottish League Cup game , is recorded in SFA documentation dated March 2010.

 

The 21-year-old was sent off in the 2010 League Cup final, as a nine-man Rangers team defeated St Mirren .

 

The defender moved to Liverpool before the suspension could be served, but the Inverness statement continued:

"There was no notice of suspension accompanying his registration paperwork when he returned from Liverpool."

 

Wilson's Liverpool debut came in an English League Cup tie at home against Northampton.

 

Should there be no confirmation of when Wilson served his ban, it is possible that the Highland side could challenge the outcome of the match.

  • 2 weeks later...

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