der Berliner 3,803 Posted July 3, 2013 Share Posted July 3, 2013 Anyone interested? SPL club's assets and brand for sale 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,731 Posted July 3, 2013 Share Posted July 3, 2013 Time for the fans to own then.... The only ones that shouldn't be looking at primarily profitability. Fan ownership isn't always the answer. Barca are held up as an example of fan ownership but have got huge debts. Maybe they'll get by with debts like that but a club like hertz wouldn't if the fans tried to operate the club outwith its means 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted July 4, 2013 Share Posted July 4, 2013 Anyone interested? SPL club's assets and brand for sale Pure class....the club being sold on the corporate version of eBay...... 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,761 Posted July 10, 2013 Share Posted July 10, 2013 Hearts: American company Club 9 Sports submit bid By Brian McLauchlin BBC Scotland America-based company Club 9 Sports have submitted a bid to buy Hearts, BBC Scotland has learned. The bid, submitted to administrators BDO ahead of a 12 July deadline for offers, is in the region of £5m. BBC Scotland has also learned that the company's plans include a move away from Tynecastle to a purpose-built stadium on the outskirts of Edinburgh. Club 9 Sports have been involved in failed bids for clubs including Rangers and Sheffield Wednesday. The Foundation of Hearts, a consortium of fans' groups, are the only group who have made their intentions to buy the club public so far. A consortium led by former Scottish Rugby chief executive Gordon McKie had proposed an alliance with the Foundation of Hearts , which was rejected. Club 9 Sports have also set up a new company called HMFC limited with Borders-based business Bob Jamieson, who has been working alongside the company, as their sole director. The company are based in Chicago and have also instructed an Edinburgh legal firm to act on their behalf. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,803 Posted July 10, 2013 Share Posted July 10, 2013 Not to mention how they get into possession of Tynecastle (or are they already expecting the no-Tynecastle-newco-route?), building a new football (?) stadium for a potential minor team playing in aleague in the outskirts of European football ... that's sounds a touch too optimistic. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,761 Posted July 18, 2013 Share Posted July 18, 2013 Hearts' SFA administration hearing postponed Thursday 18 July 2013 Hearts' hearing for the notice of complaint issued by the Scottish Football Association for the Tynecastle club going into administration has been postponed until next month. The hearing was meant to take place today but the SFA released a short statement declaring that "due to the unavailability of tribunal members, today's judicial panel tribunal has been postponed" and it will now take place on Thursday, August 1. The Edinburgh club were forced to call in the administrators on June 19 and have been charged with an alleged breach of disciplinary rule 14, which relates to suffering an insolvency event. Possible punishments by the SFA could include a fine or suspension or termination of membership from the governing body. Hearts will start the first Scottish Professional Football League season with a 15-point penalty for moving into administration. The threat of court action over a partially-paid £100,000 tax bill sparked the decision to place Hearts into administration last month, with BDO taking over the running of the club. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,731 Posted July 18, 2013 Share Posted July 18, 2013 Still waiting for hertz & dunfermline to get the £160k fine and a years registration embargo................... 0 Quote Link to post Share on other sites More sharing options...
Super Cooper 0 Posted July 19, 2013 Share Posted July 19, 2013 Still waiting for hertz & dunfermline to get the £160k fine and a years registration embargo................... Was that not exclusively our punishment for not having disclosed Craig Whytes banned directorship a few years previous? 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,731 Posted July 20, 2013 Share Posted July 20, 2013 Was that not exclusively our punishment for not having disclosed Craig Whytes banned directorship a few years previous? It was the sum total for entering administration and various other breaches of rules such as not handing over money from a SC tie. As for not disclosing Whyte's banned directorship are the SFA having a laugh? they knew all about Whyte's past. Daly actually did us a favour in his october documentary unless Regan hasn't got a television 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,761 Posted July 26, 2013 Share Posted July 26, 2013 THE administrator of Hearts claims news that UBIG has been declared insolvent by a Lithuanian court is “positive” for the club’s survival hopes. Bryan Jackson of administrators BDO claims the move will allow negotiations over securing the Kaunas-based bank’s shares in the club to progress. UBIG – which owns a 50 per cent share in the Tynecastle outfit and is owed £10million by the club – had its assets frozen earlier this year but administrators have yet to be appointed. However, that process can now get under way following the decision – although Jackson claims a final outcome is still some way off. He said: “It’s positive news for the club. At least the appointment of an administrator can now be made. Unfortunately, this is just the start of the process. From what I’m told by people in Lithuania, an appeal may be lodged and that can take up to ten days. The initial timescale that I have been given is that it could take a number of weeks before we get a final resolution. “However, the signs are good because we are finally getting to a point where the ownership of the shares will be resolved and we can start negotiations in the meantime.” BDO was appointed by the club last month and it hopes to find a new buyer for the club and settle their debts by way of a Company Voluntary Arrangement. It is in the process of selecting a preferred bidder. Three parties have submitted formal offers and proof of funding to BDO – supporters’ consortium the Foundation of Hearts, HMFC Limited and Five Stars Football Limited. As well as the money owed to UBIG, Hearts are £15million in debt to another Kaunas-based firm – Ukio Bankas – which, like UBIG, was once controlled by former club owner Vladimir Romanov. However, the bank – also in the hands of administrators – has a 29.9 per cent shareholding in Hearts and holds a floating charge on Tynecastle as security on its debts http://www.scotsman.com/sport/football/latest/ubig-court-declaration-is-positive-for-hearts-1-3017714 0 Quote Link to post Share on other sites More sharing options...
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