Nellie The Don Posted January 3, 2014 Report Posted January 3, 2014 They'd now still be bottom even without their point deduction. Lol Quote
Madbadteacher Posted January 4, 2014 Report Posted January 4, 2014 http://www.dailyrecord.co.uk/sport/football/football-news/hearts-assistant-billy-brown-transfer-2984555 Whilst I disagree that the transfer embargo should be lifted, it's pretty clear than they're suffering far more than a club that went under, but resurfaced thanks to preferential treatment and some "favourable" timing of a transfer embargo Quote
Jute Posted January 21, 2014 Report Posted January 21, 2014 According to Evening News deal been done regarding shares that will allow them to exit administration. DEAL to transfer Ukio Bankas Investment Group’s 50 per cent shareholding in Hearts to the Foundation of Hearts has been agreed, the Evening News can reveal. The agreement needs to be ratified legally in Lithuania, but would see a token £50,000 payment for the shares made to UBIG’s administrators, allowing the Edinburgh club to exit administration with the Foundation as their new owners. Hearts’ administrators BDO are proceeding with caution in the hope that the deal can go through despite UBIG’s assets being frozen. Foundation of Hearts already have a £2.5million Creditors’ Voluntary Arrangement (CVA) in place to secure 29.9 per cent of the club’s shares from Ukio Bankas, who are also in administration. The CVA is conditional upon the fans’ umbrella group getting UBIG’s 50 per cent stake. BDO have been in talks with UBIG’s administrators Bankroto Administrativo Paslaugos for some time trying to negotiate the handover of shares. This is the only remaining hurdle to Hearts exiting administration after the CVA was voted through last November. There is now a verbal agreement between both parties for the transfer of shares at an agreed price. It has yet to be decided whether the £50,000 would come out of the £2.5m CVA fund – something Ukio Bankas administrators would need to agree to – or whether the Foundation would meet it as an additional payment. As things currently stand, all of the CVA fund would go to Ukio Bankas, as they are Hearts’ only secured creditor and are owed £15m. UBIG, an an unsecured creditor, would get nothing from the CVA despite being owed around £9m. BDO will continue to work on the deal and their hope is to have it finalised and signed as soon as possible, although they are relying on the legal process in Lithuania to move swiftly and in their favour. Hearts’ funding for the season is due to run out by the end of March and both BDO and the Foundation are keen for the club to be out of administration before then. Foundation of Hearts declined to comment on the matter. Meanwhile, the Scottish Football Association have confirmed that Ryan Stevenson will miss Hearts’ League Cup semi-final against Inverness next month. He was red carded for violent conduct at St Johnstone on Saturday, meaning an automatic two-match ban for his club’s next two matches. Those are Saturday’s league trip to Ross County and then the semi-final. Quote
tom_widdows Posted January 21, 2014 Report Posted January 21, 2014 I wonder how much BDO are charging? Quote
mizer Posted January 24, 2014 Report Posted January 24, 2014 Cancelled all their bookings for the function suites at Gorgie next weekend - not sure why but going to loose out on a tidy wee profit Quote
mizer Posted February 15, 2014 Report Posted February 15, 2014 Operation relegate Hearts: Hearts have 12 games to play so 36 possible points 16 points behind Partick and County We play them is 7 games on April fools day.... Quote
mizer Posted March 2, 2014 Report Posted March 2, 2014 Hearts 10 games to play: 30 points Points behind Partick/County: 20 points Hearts fixtures: Killie away Utd home Hibs home Dons home I so want us to relegate them. Quote
mizer Posted March 11, 2014 Report Posted March 11, 2014 Hearts 9 games to play: 27 possible points Points behind Partick/County: 20 points Hearts fixtures: Utd home Hibs home Dons home Quote
mizer Posted March 20, 2014 Report Posted March 20, 2014 Manager Gary Locke fears a further delay to Hearts' bid to escape administration. The Foundation of Hearts supporters group is waiting on final permission from the club's Lithuanian owners to sign off on a £2.5m rescue package. Millionaire businesswoman Ann Budge would take control, but Locke admits he is growing increasingly concerned at the silence coming from Kaunas. "It could collapse, but I pray that does not happen," he said. "I'm trying to look at the positive side of things. "We're hoping Ann will come in and take the club forward, which would be fantastic. "But, at the back of my mind, there is still a lingering doubt about events in Lithuania, so the next month is crucial for Heart of Midlothian Football Club. "Hopefully it will have the positive ending that we all want. "Until it is signed off, we won't know. The best word to sum up this situation is 'frustrating'. Everyone here would love to get an answer and then move on." Quote
tom_widdows Posted March 23, 2014 Report Posted March 23, 2014 Pointed out on Off the ball today that the way Hibs are carrying on now they could actually be dragged back to the playoff spot. Imagine Both Hibs & Hearts going down in the same season Quote
Goldie03 Posted March 23, 2014 Report Posted March 23, 2014 I don't want to lose Hibs from the SPL tho my Hibees mates last night are not impressed with Butcher at all and reckon they wouldn't win a play off Quote
alfromsleep Posted March 23, 2014 Report Posted March 23, 2014 Both of them going down might mean Sevco have a tougher time next season though but can't see Hibs ending up in the playoff Quote
Edinburghdon Posted March 23, 2014 Report Posted March 23, 2014 Fuck them, if they are in that position come the end of the season then they deserve it! Quote
mizer Posted March 25, 2014 Report Posted March 25, 2014 Quite like hibs but to see Butcher get relegated Cant see it happening though. Quote
tom_widdows Posted March 29, 2014 Report Posted March 29, 2014 A meeting that could take Hearts a big step closer to exiting administration has been rescheduled for 7 April. Creditors of UBIG, the failed Lithuania-based company with a 50% shareholding in the club, were due to gather this month. And it was hoped they would ratify an agreement to transfer UBIG's stake in the Tynecastle club to fans. A further delay would cause serious problems as Hearts only have enough money to trade until the end of April. Even if agreement is reached, a 20-day period has to subside before a deal can be concluded. The Foundation of Hearts and its financial backers are offering about £2.5m for the club, with the majority going to Ukio Bankas, which has a 28.79% stake in the club but also holds a charge on Tynecastle Stadium. Creditors of Ukio were expected to meet on Friday. For the purpose of negotiations, Ukio's holding has been collated with UBIG's, and Ukio representatives have previously served notice to Hearts administrator, BDO, that they agree with a draft proposal to transfer the combined stake. But BBC Scotland has learned that one major creditor, Sauliu Bank, is unhappy with the money being offered for shares and the delay is to allow further talks to take place between the relevant legal teams. Hearts, who are edging closer to relegation from the Scottish Premiership, entered administration on 19 June with debts close to £30m and started this season with a 15-point deduction. UBIG, which was controlled by former Hearts owner Vladimir Romanov, had its assets frozen in April 2013 after declaring insolvency and is now in the hands of liquidators, while Ukio collapsed more than a year ago. Quote
tom_widdows Posted March 30, 2014 Report Posted March 30, 2014 2-0 Hearts Step up Aberdeen to 'relegate' an spl team for the 2nd time in 2 seasons Quote
alfromsleep Posted March 30, 2014 Report Posted March 30, 2014 Damn, totally gutted at missing a chance to see us put the gorgie minks down. Quote
CtS Posted March 30, 2014 Report Posted March 30, 2014 My hopes and dreams for this season :- 1. Win the League Cup - Done 2. Finish 2nd in SPFL - Work in progress 3. Beat The rangers in the Scottish cup final - So far so good 4. Relegate Hearts - I'm almost hard at the thought of it What. A. Season. Quote
Aberdeen_Ladette Posted March 31, 2014 Report Posted March 31, 2014 Is it pay at the gate on Wednesday? No, only one ticket available now and it's for a female Aberdeen fan who gave birth in the last month to a baby girl called Aila ^^ Above is a big fib ^^ Quote
mizer Posted March 31, 2014 Report Posted March 31, 2014 Nipped out to the supermarket at FT yesterday, some really cuntish Jambos about. Firstly intimidating a hibs grandfather and about a 5y/o grandson screaming abuse in their faces as they waited for a bus, I honestly though the grandfather was going to get attacked. In the supermarket one drunken neep was knocking over displays shouting 5-1 and then three young guys dancing and loudy talking through how they had punched a hibs fan and ran away. Fucking hate them! Quote
tom_widdows Posted March 31, 2014 Report Posted March 31, 2014 No, only one ticket available now and it's for a female Aberdeen fan who gave birth in the last month to a baby girl called Aila ^^ Above is a big fib ^^ There's actually 2 tickets available Quote
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