topcat(The most tip top) Posted May 27, 2020 Share Posted May 27, 2020 35 minutes ago, Sparticus said: Worth a seven everyday. If you're not satisfied with your grade I can put you forward for the appeal process but be warned your grade might go down instead of up. 0 Quote Link to comment Share on other sites More sharing options...
Sparticus Posted May 27, 2020 Share Posted May 27, 2020 12 minutes ago, topcat(The most tip top) said: If you're not satisfied with your grade I can put you forward for the appeal process but be warned your grade might go down instead of up. Ok i'll keep the six.Could have been worse i guess. 1 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted May 28, 2020 Share Posted May 28, 2020 (edited) 47 minutes ago, Densky said: Get down and stay down. Cant stand that club pm pleasing to see them well and truly done in. 2/10: You could learn from @Sparticus Edited May 28, 2020 by topcat(The most tip top) 2 Quote Link to comment Share on other sites More sharing options...
LincolnHearts Posted May 28, 2020 Share Posted May 28, 2020 Has Kev got the crayons out for a Dear Mr Infantino letter yet? 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted May 28, 2020 Share Posted May 28, 2020 Masterful timing Ann. Release the news that the club is subject to predatory bids to further rally the troops and pull the wool further over their eyes over what an awful job you have done so far and that you are now a Championship club. Excellent. Budge must stay. Tick tock. 7/10: Combining Tinfoil hat theories with retro tropes to produce something relatively original, although not entirely devoid of cliché. 1 Quote Link to comment Share on other sites More sharing options...
Dons_1988 Posted May 28, 2020 Share Posted May 28, 2020 2 hours ago, Densky said: Get down and stay down. Cant stand that club pm pleasing to see them well and truly done in. Welcome to the forum, Densky. 0 Quote Link to comment Share on other sites More sharing options...
johnnydun Posted May 28, 2020 Share Posted May 28, 2020 2 hours ago, Densky said: Get down and stay down. Cant stand that club pm pleasing to see them well and truly done in. Is Boris a Hibee? 0 Quote Link to comment Share on other sites More sharing options...
Green Day Posted May 28, 2020 Share Posted May 28, 2020 https://www.bbc.co.uk/sport/football/52836158 Phew, a close shave for George Gillett there, he almost bought a dud. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted May 28, 2020 Share Posted May 28, 2020 Just now, Green Day said: https://www.bbc.co.uk/sport/football/52836158 Phew, a close shave for George Gillett there, he almost bought a dud. Are hearts really the best that he can get... 3 Quote Link to comment Share on other sites More sharing options...
Aim Here Posted May 28, 2020 Share Posted May 28, 2020 Just now, Green Day said: https://www.bbc.co.uk/sport/football/52836158 Phew, a close shave for George Gillett there, he almost bought a dud. If his dad's anything to go by, that's the modus operandi. Buy struggling teams on the cheap, do them up and punt them on. However, it looks like it's going to be FoH that gets to hold the bag instead. Presumably after Budge has done what she can to bump up the team's market valuation by, say, keeping them in the top tier and keeping the top tier income stream. I'm sure nobody would want successful businesswoman Ann Budge to take a loss by moving on the club at a low-point in it's financial situation... Come to think of it, wasn't the handover date this month sometime? 1 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted May 28, 2020 Share Posted May 28, 2020 If his dad's anything to go by, that's the modus operandi. Buy struggling teams on the cheap, do them up and punt them on. However, it looks like it's going to be FoH that gets to hold the bag instead. Presumably after Budge has done what she can to bump up the team's market valuation by, say, keeping them in the top tier and keeping the top tier income stream. I'm sure nobody would want successful businesswoman Ann Budge to take a loss by moving on the club at a low-point in it's financial situation... Come to think of it, wasn't the handover date this month sometime? The FoH opted to delay the handover rather than execute it in the middle of a pandemic I’ll try and find a link with the details Edited to add https://www.foundationofhearts.org/share-transfer-postponed-as-pledge-numbers-increase/ 0 Quote Link to comment Share on other sites More sharing options...
Green Day Posted May 28, 2020 Share Posted May 28, 2020 4 hours ago, topcat(The most tip top) said: The FoH opted to delay the handover rather than execute it in the middle of a pandemic I’ll try and find a link with the details Edited to add https://www.foundationofhearts.org/share-transfer-postponed-as-pledge-numbers-increase/ Whats the script here with Gillett then? I thought some sugar daddy couldnt come in to buy now that the FoH technically own the club? I know there was some chat a couple months back about potentially altering the rules on %age ownership or something but thought that got bombed out. 0 Quote Link to comment Share on other sites More sharing options...
Gorgie greatness Posted May 28, 2020 Share Posted May 28, 2020 7 minutes ago, Green Day said: Whats the script here with Gillett then? I thought some sugar daddy couldnt come in to buy now that the FoH technically own the club? I know there was some chat a couple months back about potentially altering the rules on %age ownership or something but thought that got bombed out. It’s on the back burner for now, I’m against anything that weakens governance. 0 Quote Link to comment Share on other sites More sharing options...
Pet Jeden Posted May 28, 2020 Share Posted May 28, 2020 6 hours ago, Aim Here said: If his dad's anything to go by, that's the modus operandi. Buy struggling teams on the cheap, do them up and punt them on. However, it looks like it's going to be FoH that gets to hold the bag instead. Presumably after Budge has done what she can to bump up the team's market valuation by, say, keeping them in the top tier and keeping the top tier income stream. I'm sure nobody would want successful businesswoman Ann Budge to take a loss by moving on the club at a low-point in it's financial situation... Come to think of it, wasn't the handover date this month sometime? The history of overseas owners with no previous link to Scottish football has not been great, has it? Hope your man is kosher. What he did to HSL doesn't bode well for when times get really tough. I'm happy that AB's motives for hanging on are good and I assume FoH's decision to delay transfer has been documented. 0 Quote Link to comment Share on other sites More sharing options...
Green Day Posted May 28, 2020 Share Posted May 28, 2020 1 hour ago, Pet Jeden said: What he did to HSL doesn't bode well Go on then, tell us what you think happened, genius 0 Quote Link to comment Share on other sites More sharing options...
Pet Jeden Posted May 28, 2020 Share Posted May 28, 2020 (edited) 21 minutes ago, Green Day said: Go on then, tell us what you think happened, genius Ended the original arrangement that allowed HSL to buy shares. Surely a dedicated Hibby like yourself is an HSL contributor and knows that? btw thanks for calling me genius. I'm nobody's mug, but genius might be stretching it. A bit. Edited May 28, 2020 by Pet Jeden 0 Quote Link to comment Share on other sites More sharing options...
Snifter Pee Rot Posted May 28, 2020 Share Posted May 28, 2020 How come the benefactor doesn't want to own Hearts? Why pump in £10m when you could own the whole shooting match? 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted May 29, 2020 Share Posted May 29, 2020 Whats the script here with Gillett then? I thought some sugar daddy couldnt come in to buy now that the FoH technically own the club? I know there was some chat a couple months back about potentially altering the rules on %age ownership or something but thought that got bombed out.The transfer of ownership hasn’t been completed yet so technically Budge still owns a majority share but FoH have now got enough cash in one place to buy her out. I’ve not seen the contracts and I dropped out of law school so wouldn’t be qualified to professionally advise on them anyway But my basic understanding is that as Ann Budge had undertaken the sale to FoH she would have difficulty selling to anyone else without the agreement of FoH. I don’t doubt her when she’s quoted as saying she’d rather sell to the foundation than anybody else but I think the article may be implying that she has more choice in the matter than she does.If the foundation were struggling to raise the funds in time then you couldn’t fault her for looking at other buyersIf Hamad Al Maktoum were to announce a wish to have his glorious maroon and white colours conquer new fields beyond horse racing then I reckon the Foundation members might vote to stand aside and let the sale happen. But I think this is the BBC football department trying to spin a story out of very little in the absence of any actual football 3 Quote Link to comment Share on other sites More sharing options...
NJ2 Posted May 29, 2020 Share Posted May 29, 2020 The transfer of ownership hasn’t been completed yet so technically Budge still owns a majority share but FoH have now got enough cash in one place to buy her out. I’ve not seen the contracts and I dropped out of law school so wouldn’t be qualified to professionally advise on them anyway But my basic understanding is that as Ann Budge had undertaken the sale to FoH she would have difficulty selling to anyone else without the agreement of FoH. I don’t doubt her when she’s quoted as saying she’d rather sell to the foundation than anybody else but I think the article may be implying that she has more choice in the matter than she does.If the foundation were struggling to raise the funds in time then you couldn’t fault her for looking at other buyersIf Hamad Al Maktoum were to announce a wish to have his glorious maroon and white colours conquer new fields beyond horse racing then I reckon the Foundation members might vote to stand aside and let the sale happen. But I think this is the BBC football department trying to spin a story out of very little in the absence of any actual football The last point was what I took. “Hearts reject takeover bid” the report started then stated “no formal bid had been made”...it can’t really be both? 0 Quote Link to comment Share on other sites More sharing options...
Green Day Posted May 29, 2020 Share Posted May 29, 2020 7 hours ago, Pet Jeden said: Ended the original arrangement that allowed HSL to buy shares. Surely a dedicated Hibby like yourself is an HSL contributor and knows that? btw thanks for calling me genius. I'm nobody's mug, but genius might be stretching it. A bit. You are right, I am an HSL contributor, so happy to educate you, even if you are nobodys mug............. Pre Ron Gordon, new shares were created every time HSL bought them from the club which in turn increased the overall number of club shares and diluted everyone elses shareholding (obviously that means in particular Sir Tom Farmers holdings). When RG agreed to buy the club he has bought out STF existing shareholding and the remaining newly created shares that would have been earmarked for HSL. The purchase of those newly created shares is how he facilitated the immediate injection of £1.25 m in cash to the club. HSL money is still collected and will still go to the club, but there will be no further dilution of Ron Gordons shares...............basically he wants to own what he paid for. As an aside, I happen to think that the FoH work has been fantastic and you should no longer have the kind of lunacy and potential for liquidation that happened under Romanov. However, your wee dig was about Hibs. You obviously think that a guy who is putting his own money into the club, and who spent his christmas day feeding the homeless at Easter Road is one of these guys that buys clubs with bank debt which is then loaded onto the clubs balance sheet - like Gillett and Hicks did to Liverpool. To put your mind at rest, that has not happened, he bought STF shareholding with cash, injected cash directly into the club and paid off our bank debt. RG still has the largest holding of shares in Hibs, but not the 75% he would need to do something bonkers like sell the ground to a supermarket or developer - which is why I struggle with your quip that this "doesnt bode well". 1 Quote Link to comment Share on other sites More sharing options...
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