hibshater Posted June 17, 2013 Share Posted June 17, 2013 Just been told we have started the legal proceedings to put us into administration. Strap in guys and girls here we go. Link to comment Share on other sites More sharing options...
Rudiboy Posted June 17, 2013 Share Posted June 17, 2013 Just been told we have started the legal proceedings to put us into administration. Strap in guys and girls here we go. It's got that bad, that this is good news IMHO. Link to comment Share on other sites More sharing options...
Sarah O Posted June 17, 2013 Share Posted June 17, 2013 You're a genious. Link to comment Share on other sites More sharing options...
Das Root Posted June 17, 2013 Share Posted June 17, 2013 Shit just got real. Link to comment Share on other sites More sharing options...
JyTees Posted June 17, 2013 Share Posted June 17, 2013 You're a genious. You're clearly not. Link to comment Share on other sites More sharing options...
davie1980 Posted June 17, 2013 Share Posted June 17, 2013 should I buy my season ticket now then? Link to comment Share on other sites More sharing options...
Sarah O Posted June 17, 2013 Share Posted June 17, 2013 You're clearly not. Link to comment Share on other sites More sharing options...
LeylandJambo Posted June 17, 2013 Share Posted June 17, 2013 should I buy my season ticket now then? No Link to comment Share on other sites More sharing options...
Fermit the Krog Posted June 17, 2013 Share Posted June 17, 2013 Just got a random text saying almost word for word exact same. Either he reads JKB (doubtful) or is Hibs haters source also. Link to comment Share on other sites More sharing options...
Matthew Le Tissier Posted June 17, 2013 Share Posted June 17, 2013 This is surprising news Link to comment Share on other sites More sharing options...
jambodeek Posted June 17, 2013 Share Posted June 17, 2013 Where did you get the scoop hibshater ??? Link to comment Share on other sites More sharing options...
rudi Posted June 17, 2013 Share Posted June 17, 2013 should I buy my season ticket now then? Get four, or ten I always like multiples of ten makes it easier. Link to comment Share on other sites More sharing options...
Dazo Posted June 17, 2013 Share Posted June 17, 2013 Where did you get the scoop hibshater ??? Probably on the thread where it was posted first. Link to comment Share on other sites More sharing options...
Fermit the Krog Posted June 17, 2013 Share Posted June 17, 2013 :mcgee: Link to comment Share on other sites More sharing options...
jambodeek Posted June 17, 2013 Share Posted June 17, 2013 Probably on the thread where it was posted first. Link to comment Share on other sites More sharing options...
Mr Romanov Saviour of HMFC Posted June 17, 2013 Share Posted June 17, 2013 Foh about to start converting pledges as well. They weren't waiting for admin though. Honest. Link to comment Share on other sites More sharing options...
jambodeek Posted June 17, 2013 Share Posted June 17, 2013 what thread was that dazo ? Link to comment Share on other sites More sharing options...
Dazzle Posted June 17, 2013 Share Posted June 17, 2013 Shouldn't there be a tweet somewhere about this to make it official ? Link to comment Share on other sites More sharing options...
davieholt Posted June 17, 2013 Share Posted June 17, 2013 No doubt the headlines won't be about Hearts entering administration. They'll be plunging into admin no doubt Link to comment Share on other sites More sharing options...
ritchies75 Posted June 17, 2013 Share Posted June 17, 2013 http://www.dailyreco...n-today-1958653 HEARTS are on the verge of being plunged into administration this afternoon.[/font] Record Sport can reveal that crisis-ravaged Edinburgh club are to announce at the court of session in Edinburgh later today that they intend to appoint accountancy firm KPMG as administrators.[/font] Chief executive David Southern will also brief staff at Tynecastle over the development which will leave their jobs in jeopardy.[/font] Hearts will now face starting next season in the SPL with a 15 point deduction for breaching the top flight?s new insolvency rules.[/font] Link to comment Share on other sites More sharing options...
Mysterion Posted June 17, 2013 Share Posted June 17, 2013 Daily Record has announced it.... http://www.dailyrecord.co.uk/sport/football/football-news/hearts-set-go-administration-today-1958653 Link to comment Share on other sites More sharing options...
Dazo Posted June 17, 2013 Share Posted June 17, 2013 what thread was that dazo ? Scandinavian thread. I'm hearing that the legal process of administration has begun. Link to comment Share on other sites More sharing options...
Koolkeith Posted June 17, 2013 Share Posted June 17, 2013 I love how they're still using the term plunged. It's been on the cards for quite a while. Link to comment Share on other sites More sharing options...
Dazzle Posted June 17, 2013 Share Posted June 17, 2013 No doubt the headlines won't be about Hearts entering administration. They'll be plunging into admin no doubt You must have seen the headline before you posted. Link to comment Share on other sites More sharing options...
davieholt Posted June 17, 2013 Share Posted June 17, 2013 Daily Record has announced it.... http://www.dailyreco...n-today-1958653 Yup. We plunged Link to comment Share on other sites More sharing options...
Deevers Posted June 17, 2013 Share Posted June 17, 2013 A bit of a KB frenzy going on here. No announcement - no administration - I'd be shocked if given the present hapless state of the club if there had not been some preliminary work done on smoothing the way for this to happen if needed. Not saying that this is not going to happen in the near future - I'd be surprised though if word of it leaked out before an official announcement was made. Link to comment Share on other sites More sharing options...
davieholt Posted June 17, 2013 Share Posted June 17, 2013 You must have seen the headline before you posted. Honest injun I didn't Link to comment Share on other sites More sharing options...
davie1980 Posted June 17, 2013 Share Posted June 17, 2013 http://www.dailyreco...n-today-1958653 HEARTS are on the verge of being plunged into administration this afternoon. Record Sport can reveal that crisis-ravaged Edinburgh club are to announce at the court of session in Edinburgh later today that they intend to appoint accountancy firm KPMG as administrators. Chief executive David Southern will also brief staff at Tynecastle over the development which will leave their jobs in jeopardy. Hearts will now face starting next season in the SPL with a 15 point deduction for breaching the top flight?s new insolvency rules. right after the story broke on JKB Link to comment Share on other sites More sharing options...
Der Kaiser Posted June 17, 2013 Share Posted June 17, 2013 5-1........(can we still say this?) Link to comment Share on other sites More sharing options...
Deevers Posted June 17, 2013 Share Posted June 17, 2013 A bit of a KB frenzy going on here. No announcement - no administration - I'd be shocked if given the present hapless state of the club if there had not been some preliminary work done on smoothing the way for this to happen if needed. Not saying that this is not going to happen in the near future - I'd be surprised though if word of it leaked out before an official announcement was made. Ah well given the stuff posted now - it looks like it is about to happen. Link to comment Share on other sites More sharing options...
davie1980 Posted June 17, 2013 Share Posted June 17, 2013 "on the verge of financial oblivion" nice and dramatic! Link to comment Share on other sites More sharing options...
hibshater Posted June 17, 2013 Author Share Posted June 17, 2013 Genuinely not picked it from any thread or paper dazo. Just passing the info from someone I have no reason to disbelieve. Link to comment Share on other sites More sharing options...
Rods Posted June 17, 2013 Share Posted June 17, 2013 This is surely part of the end game Link to comment Share on other sites More sharing options...
swavkav Posted June 17, 2013 Share Posted June 17, 2013 Clean bill of health when we come out of it!! Link to comment Share on other sites More sharing options...
Francis Albert Posted June 17, 2013 Share Posted June 17, 2013 No doubt the headlines won't be about Hearts entering administration. They'll be plunging into admin no doubt The Record manages both "on the verge of financial oblivion" and "plunge into administration". Let's hope its as cosy an experience as some on here think. I am guessing 75 of 150 staff sacked within a week and cancellation of the Riccarton lease within a similar timescale. And months of uncertainty about who exactly the creditors are and who the administrator can sell the assets to, with a fair chance no-one will be in a position to agree a CVA any time soon. Reasonable chance of failing to fulfil fixtures and dismissal from the SPL with no re-entry at any level in the short to medium term. I've never seen admin a soft option. Hope I'm wrong of course. Link to comment Share on other sites More sharing options...
Mr Romanov Saviour of HMFC Posted June 17, 2013 Share Posted June 17, 2013 -15 points, transfer ban, team of bairns, Shan manager What a disaster Link to comment Share on other sites More sharing options...
Alwaysinourshadows Posted June 17, 2013 Share Posted June 17, 2013 Good and bad news. Good news as potential buyers were always going to wait for this too happen and bad news for obvious reasons Link to comment Share on other sites More sharing options...
Jezza Posted June 17, 2013 Share Posted June 17, 2013 About ******* time too. Now get they ***** out our club and put it in black and white what is needed to get us back on track. Link to comment Share on other sites More sharing options...
rudi Posted June 17, 2013 Share Posted June 17, 2013 5-1........(can we still say this?) Aye if it makes you happy, I suppose some can still say "worth it" and "wouldn't change a thing" if that helps them. Link to comment Share on other sites More sharing options...
tynierebel Posted June 17, 2013 Share Posted June 17, 2013 Where did you get the scoop hibshater ??? Surely from his uncles best friends dog? Link to comment Share on other sites More sharing options...
Gregory House M.D. Posted June 17, 2013 Share Posted June 17, 2013 Thank ****. Staves off the immediate threat of being wound up and liquidated. Link to comment Share on other sites More sharing options...
Fermit the Krog Posted June 17, 2013 Share Posted June 17, 2013 This is surely part of the end game You think? Link to comment Share on other sites More sharing options...
ricartonboy Posted June 17, 2013 Share Posted June 17, 2013 This is surely part of the end game For Romanvos tenure yes but never end game for Hearts Link to comment Share on other sites More sharing options...
Toxteth O'Grady Posted June 17, 2013 Share Posted June 17, 2013 Relieved really, it was inevitable and the sooner the better. It will be a race against time now to get things sorted for the new season. We Still need the UBIG position to become clear though Link to comment Share on other sites More sharing options...
Gregory House M.D. Posted June 17, 2013 Share Posted June 17, 2013 Oh aye, BAAAIII FED. Link to comment Share on other sites More sharing options...
davie1980 Posted June 17, 2013 Share Posted June 17, 2013 The Record manages both "on the verge of financial oblivion" and "plunge into administration". Let's hope its as cosy an experience as some on here think. I am guessing 75 of 150 staff sacked within a week and cancellation of the Riccarton lease within a similar timescale. And months of uncertainty about who exactly the creditors are and who the administrator can sell the assets to, with a fair chance no-one will be in a position to agree a CVA any time soon. Reasonable chance of failing to fulfil fixtures and dismissal from the SPL with no re-entry at any level in the short to medium term. I've never seen admin a soft option. Hope I'm wrong of course. well aren't you just a little ray of ******* sunshine Link to comment Share on other sites More sharing options...
graygo Posted June 17, 2013 Share Posted June 17, 2013 Coming up on Sky Sports news next. Link to comment Share on other sites More sharing options...
jambali Posted June 17, 2013 Share Posted June 17, 2013 A bit of a KB frenzy going on here. No announcement - no administration - I'd be shocked if given the present hapless state of the club if there had not been some preliminary work done on smoothing the way for this to happen if needed. Not saying that this is not going to happen in the near future - I'd be surprised though if word of it leaked out before an official announcement was made. Preliminary work was done a long time ago. In preparation for the Rangers situation. wasn't KPMG then though... May well be now. Link to comment Share on other sites More sharing options...
hughesie27 Posted June 17, 2013 Share Posted June 17, 2013 On sky sports ticker now. Sources say we signal intent to go into admin. Link to comment Share on other sites More sharing options...
tyniearrms Posted June 17, 2013 Share Posted June 17, 2013 its on the banner on sky sports news now Link to comment Share on other sites More sharing options...
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