#allisbarry at it again - Yams accounts

**Hexham Hibee** · 15-12-2014 03:31 PM

EEN report by Bando "The accounts show more than £27 million of debt was written off as a result of the CVA. It was primarily bank debt and debt to companies owned and controlled by Romanov."

Not a mention of the £millions the Yams owed HMRC (ie you and me) that was also written off. Selective amnesia, re-writing history? Blame Johnny foreigner, it was nothing to do with us.

***Radium*** · 15-12-2014 03:34 PM

Originally Posted by Hexham Hibee

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EEN report by Bando "The accounts show more than £27 million of debt was written off as a result of the CVA. It was primarily bank debt and debt to companies owned and controlled by Romanov."

Not a mention of the £millions the Yams owed HMRC (ie you and me) that was also written off. Selective amnesia, re-writing history? Blame Johnny foreigner, it was nothing to do with us.

http://www.scotsman.com/sport/footba...full-1-3024802

***greenginger*** · 15-12-2014 03:45 PM

Originally Posted by Hexham Hibee

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EEN report by Bando "The accounts show more than £27 million of debt was written off as a result of the CVA. It was primarily bank debt and debt to companies owned and controlled by Romanov."

Not a mention of the £millions the Yams owed HMRC (ie you and me) that was also written off. Selective amnesia, re-writing history? Blame Johnny foreigner, it was nothing to do with us.

And the £ 100,000 due to our Council who are making people redundant.

***Billy Whizz*** · 15-12-2014 03:50 PM

Originally Posted by greenginger

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And the £ 100,000 due to our Council who are making people redundant.

And the £145,000 not paid to Heriot Watt

***Aldo*** · 15-12-2014 03:56 PM

I've been trying to find it but can't at moment but I'm sure someone on here had a breakdown of all the debt??

Hopefully I can find it and if I do I will tweet that twat Banderson and see what he has to say bout it all (again)

***Mikey*** · 15-12-2014 03:59 PM

Originally Posted by Aldo

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I've been trying to find it but can't at moment but I'm sure someone on here had a breakdown of all the debt??

Hopefully I can find it and if I do I will tweet that twat Banderson and see what he has to say bout it all (again)

Here ye go.......

Creditors List 1.pdf

***CropleyWasGod*** · 15-12-2014 03:59 PM

Haven't seen the accounts, so I'm not going to rely on Bazza's ramblings.

However, this stuck out :-

"In total, Hearts’ net debt currently sits at £3,166,000, which is owed to Budge’s BIDCO 1874 and Foundation of Hearts."

Debt-free, yeah?

***Aldo*** · 15-12-2014 04:01 PM

Originally Posted by Mikey

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Here ye go....... <img src="http://www.hibs.net/attachment.php?attachmentid=13860"/>

Cheers Mikey!!

***KdyHby*** · 15-12-2014 04:03 PM

Originally Posted by CropleyWasGod

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Haven't seen the accounts, so I'm not going to rely on Bazza's ramblings.

However, this stuck out :-

"In total, Hearts’ net debt currently sits at £3,166,000, which is owed to Budge’s BIDCO 1874 and Foundation of Hearts."

Debt-free, yeah?

They owe it to themselves.......

***CropleyWasGod*** · 15-12-2014 04:04 PM

Originally Posted by EdinCapitals

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They owe it to themselves.......

They owe it to themselves..... never to use that line again.

***Bostonhibby*** · 15-12-2014 04:29 PM

Originally Posted by Hexham Hibee

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EEN report by Bando "The accounts show more than £27 million of debt was written off as a result of the CVA. It was primarily bank debt and debt to companies owned and controlled by Romanov."

Not a mention of the £millions the Yams owed HMRC (ie you and me) that was also written off. Selective amnesia, re-writing history? Blame Johnny foreigner, it was nothing to do with us.

Couple of million to the taxman and NI that the rest of us pay,

and I see the Lady Haig Poppy Factory and Macrae Battalion Trust on the creditor list - must be a story for a journo in there? - if only allisbarry wasn't just a "reporter" and not a very good one either.

***Aldo*** · 15-12-2014 04:33 PM

Originally Posted by Bostonhibby

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Couple of million to the taxman and NI that the rest of us pay,

and I see the Lady Haig Poppy Factory and Macrae Battalion Trust on the creditor list - must be a story for a journo in there? - if only allisbarry wasn't just a "reporter" and not a very good one either.

BH it's in black and white and for all of us to see yet the yams will still deny they owed any money to charities and local businesses .

***Jack*** · 15-12-2014 04:38 PM

Originally Posted by CropleyWasGod

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Haven't seen the accounts, so I'm not going to rely on Bazza's ramblings.

However, this stuck out :-

"In total, Hearts’ net debt currently sits at £3,166,000, which is owed to Budge’s BIDCO 1874 and Foundation of Hearts."

Debt-free, yeah?

How much was she reported to pay for them from the administrator ... and not a penny more?

£500,000 extra if I'm not mistaken and that's only half a season in!

***CropleyWasGod*** · 15-12-2014 04:41 PM

Originally Posted by Jack

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How much was she reported to pay for them from the administrator ... and not a penny more?

£500,000 extra if I'm not mistaken and that's only half a season in!

The accounts are up to 30 June 2014, so this season's trading won't be included.

***bod*** · 15-12-2014 04:50 PM

Originally Posted by Billy Whizz

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And the £145,000 not paid to Heriot Watt

and the £1000 to scott Wilson wonder why he doesn't " makes sum noise " about it

***greenginger*** · 15-12-2014 04:53 PM

Originally Posted by CropleyWasGod

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The accounts are up to 30 June 2014, so this season's trading won't be included.

Are they self -sufficient in the Yam meaning of the term ?

I know Budge said last week the would be running at a loss if it were not for FoH and their pledgers. But when could anything connected with finance coming from the PBS be taken as fact.

**KingFranck** · 15-12-2014 05:00 PM

Originally Posted by bod

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and the £1000 to scott Wilson wonder why he doesn't " makes sum noise " about it

Or the cash they owe Jimmy Sandison the club with no shame !

***Jack*** · 15-12-2014 05:03 PM

Originally Posted by CropleyWasGod

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The accounts are up to 30 June 2014, so this season's trading won't be included.

Sounds like the extra could be football debt then, IIRC that was around the figure totted up for that.

***Bostonhibby*** · 15-12-2014 05:04 PM

Originally Posted by Aldo

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BH it's in black and white and for all of us to see yet the yams will still deny they owed any money to charities and local businesses .

It's their own list published by their friends at BDO - the irony is they had to put it together and publish it as part of their salvation - nae class, nae conscience, delighted not to be one of them.

***CropleyWasGod*** · 15-12-2014 05:19 PM

Originally Posted by Jack

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Sounds like the extra could be football debt then, IIRC that was around the figure totted up for that.

I'm only guessing, but I'm thinking 2.5m to AB, 1m to FOH, and 500k football debt. Total 4m, less what cash they had, to equal what Bazza did call "net debt".

***Aldo*** · 15-12-2014 05:33 PM

Originally Posted by Bostonhibby

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It's their own list published by their friends at BDO - the irony is they had to put it together and publish it as part of their salvation - nae class, nae conscience, delighted not to be one of them.

They never had, don't have and never will have any of those things you've mentioned IMHO.

And yes I'm glad I'm not one of those Yam roasters.

***Bostonhibby*** · 15-12-2014 05:57 PM

Originally Posted by Aldo

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They never had, don't have and never will have any of those things you've mentioned IMHO.

And yes I'm glad I'm not one of those Yam roasters.

Did I, or allisbarry forget to mention Big hearts got bumped for a five figure sum as well? if not, I have now.

***Aldo*** · 15-12-2014 06:02 PM

Originally Posted by Bostonhibby

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Did I, or allisbarry forget to mention Big hearts got bumped for a five figure sum as well? if not, I have now.

Nah it's in his report/story. Just over £34,000. Wow. Fleecing yur own BIG style.

It's all there tbf.

**The Falcon** · 15-12-2014 06:11 PM

Originally Posted by Hexham Hibee

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EEN report by Bando "The accounts show more than £27 million of debt was written off as a result of the CVA. It was primarily bank debt and debt to companies owned and controlled by Romanov."

And it included £34,048.43 to the Big Hearts Community trust.

But it was "primarily" the Bank or Romanov, so that's fine then Baz. All is well.

***EskbankHibby*** · 15-12-2014 06:16 PM

Lot of creditors under £1000 there including -

British Red Cross
Lady Haig's Poppy Factory
McCraes Battalion Trust
Meriden Hospital
NHS Lothian
NHS Fife
St Andrews First Aid

Scottish Ambulance Service and Scottish Police a bit more than £1000.

If I'm honest I'm a bit surprised that such a newly righteous club or group of fans like HMFC have chosen not to reimburse all of these organisations.

Of course I do wonder why any reasonable and decent organisation would owe ANY money to these types of creditors. Especially when paying enormous wages to footballers at the same time to try and gain a sporting advantage.

Lest they forget - breathtaking hypocrisy.

***HibbyAndy*** · 15-12-2014 06:27 PM

Always have been and always will be cheating barstewards !!

**Waxy** · 15-12-2014 06:49 PM

Its Hearts payday tomorrow.Or is it?

***Bostonhibby*** · 15-12-2014 06:53 PM

Originally Posted by Waxy

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Its Hearts payday tomorrow.Or is it?

It is now thanks to all those creditors who haven't been paid, the small creditors on the other hand, who knows................If the council had vigorously pursued their debts early who knows maybe a redundancy or two could have been deferred?

**Waxy** · 15-12-2014 06:57 PM

Originally Posted by Bostonhibby

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It is now thanks to all those creditors who haven't been paid, the small creditors on the other hand, who knows................If the council had vigorously pursued their debts early who knows maybe a redundancy or two could have been deferred?

Yes they got away with it, but what a rollercoaster of a thread that was.great laugh though it ended quite horrific.

**weonlywon6-2** · 15-12-2014 07:22 PM

I noticed Ann budge saying that they need the fans money from direct debits or they would be making a loss,is that not worrying ????

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