#allisbarry at it again - Yams accounts

[GreenLake]

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Here ye go.......

Attachment 13860

This would be nice printed on a T-Shirt.

[Ronniekirk]

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As long as FOH keep chucking £120k their way every month, they're fine.

And as expected Budge was on the telly tonight telling journalists how well they are doing ,and Robbie Nielson has exceeded her expectations and there is money to bring in players and All Is Barry basically .

[greenginger]

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As long as FOH keep chucking £120k their way every month, they're fine.

Well thats their 10 new signings at £ 3000 per week spoken for.

Anyone have a clue what the new Yam wage level is at ? Did Wilson not take some sort of restricted wage in their hour of need but expected it to be raised when money flowed again.

[silverhibee]

http://sport.stv.tv/football/clubs/h...at-tynecastle/

[blindsummit]

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And as expected Budge was on the telly tonight telling journalists how well they are doing ,and Robbie Nielson has exceeded her expectations and there is money to bring in players and All Is Barry basically .

They should be spending that money on their infrastructure needs. Cheats, plain and simple.

[Waxy]

Neilson is just a puppet. Levein will be picking the players coming in.

[hibees 7062]

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This would be nice printed on a T-Shirt.

Christ even ma T-Shirts no big enough for that lot

[hibees 7062]

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Neilson is just a puppet. Levein will be picking the players coming in.

[Sergio sledge]

Does Vlads niece still own some of Hearts? 15% or something like that?

[greenginger]

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Does Vlads niece still own some of Hearts? 15% or something like that?

Yes in some Swiss company called Quantum Holdings. Never understood why they never why the Liths never transferred the other 49% of shares before they abandoned ship.

Of course they may have done. I think there were reports of all UBIG documents having disappeared when their admin. team and fraud squad went looking for them.

[CropleyWasGod]

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Yes in some Swiss company called Quantum Holdings. Never understood why they never why the Liths never transferred the other 49% of shares before they abandoned ship.

Of course they may have done. I think there were reports of all UBIG documents having disappeared when their admin. team and fraud squad went looking for them.

Bidco own about 74%, so Quantums 15% accounts for some of the rest. Presumably the rest are fan owned?

[Bostonhibby]

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Yes in some Swiss company called Quantum Holdings. Never understood why they never why the Liths never transferred the other 49% of shares before they abandoned ship.

Of course they may have done. I think there were reports of all UBIG documents having disappeared when their admin. team and fraud squad went looking for them.

Does the permanent presence of a Romanov in their "fan owned" football model mean that the Champions league win and the megasuperhotelstadium is still a target?

[greenginger]

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Bidco own about 74%, so Quantums 15% accounts for some of the rest. Presumably the rest are fan owned?

Heart of Midlothian 2005 Ltd own 4.45 % of the shares.

This was Vlad's original purchase vehicle and were all the original Yam shares before the debt for equity began.

No accounts or returns for this company were made for a couple of years so it has been struck-off.

Her Majesty, or the QLTR Office, are the proud owners of nearly 5% of crooked club.

I offered the QLTR a few quid for the shares when they first fell to the Crown. Unfortunately they said they are not minded to deal with the issue at the time, but said they would contact me if things changed.

[CropleyWasGod]

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Heart of Midlothian 2005 Ltd own 4.45 % of the shares.

This was Vlad's original purchase vehicle and were all the original Yam shares before the debt for equity began.

No accounts or returns for this company were made for a couple of years so it has been struck-off.

Her Majesty, or the QLTR Office, are the proud owners of nearly 5% of crooked club.

I offered the QLTR a few quid for the shares when they first fell to the Crown. Unfortunately they said they are not minded to deal with the issue at the time, but said they would contact me if things changed.

Quick look at Companies House tells me that the last Annual Return (which would/may list the shareholders) was dated August 2012. In other words, there are 2 now overdue.

In other cases, I have seen companies threatened with striking-off for less. Just saying.

[greenginger]

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Quick look at Companies House tells me that the last Annual Return (which would/may list the shareholders) was dated August 2012. In other words, there are 2 now overdue.

In other cases, I have seen companies threatened with striking-off for less. Just saying.

Its been puzzling me for a while. Doing an annual return on line takes about 5 minutes and costs £ 13 so why the delay. They have a Tenon/Mazars Accountant on the Board, and DLA Piper working for the club, surely enough expertise there.

Unless , the 49% of Yam share certificates they bought from UBIG have yet to be located or sent to Switzerland.

Now that would be interesting.

[jacomo]

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They should be spending that money on their infrastructure needs. Cheats, plain and simple.

Budge reckons promotion will be worth another £1m to the club. So, rightly, she's prioritising that over everything else, because if Hearts increase their income all other decisions become a little bit easier.

For good and bad reasons, Hibs were all over the place in the summer and our season didn't really get going until October. We've been playing catch up since.

I hope we've learned from this as I think some of these problems could have been avoided.

Unlike some on here.

[IWasThere2016]

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Budge reckons promotion will be worth another £1m to the club. So, rightly, she's prioritising that over everything else, because if Hearts increase their income all other decisions become a little bit easier.

For good and bad reasons, Hibs were all over the place in the summer and our season didn't really get going until October. We've been playing catch up since.

I hope we've learned from this as I think some of these problems could have been avoided.

Unlike some on here.

Yup - we are NEVER ready.

[Deansy]

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Budge reckons promotion will be worth another £1m to the club. So, rightly, she's prioritising that over everything else, because if Hearts increase their income all other decisions become a little bit easier.

For good and bad reasons, Hibs were all over the place in the summer and our season didn't really get going until October. We've been playing catch up since.

I hope we've learned from this as I think some of these problems could have been avoided.

Unlike some on here.

'Business 1st - Football 2nd' prevents ANY chance of that happening !

[greenginger]

Foundation of Yams accounts to 30/6/2014 now on line.


ftp://wck2.companieshouse.gov.uk/ima...6-11575427.pdf

[CropleyWasGod]

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Foundation of Yams accounts to 30/6/2014 now on line.


ftp://wck2.companieshouse.gov.uk/ima...6-11575427.pdf

What? No provision for Bad Debts?

[Geo_1875]

I notice they held their AGM in a closet under the stairs.

[Andy74]

So when they start having to divert the money from pledges into paying back the owner they will be losing £1.4 million or so from the budget?

They expect to make some more by being in the top league but you'd expect that they would also have to up their budget to make any impact there.

They still also have to do something in relation to their stadium. They sound a fair bit away from being in any way financially sound.

They do have a habit of none of that making any odds but even now with the pledge money being used to fund budget its hard to tell when they have ever been operating within their means.

[jacomo]

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Yup - we are NEVER ready.

TBF, Butcher dropped us in the **** and then Petrie dropped the **** onto LD's in tray for her first week in the job. Getting rid and bringing in AS was the right decision but set us back at least a month. I can forgive all that.

Now though, the club has scheduled an AGM for 28 Jan, just a few days before the end of the January transfer window. This is bound to distract key execs from the business of doing all we can to strengthen the squad for the 2nd half of the season.

Why do we do this to ourselves?

[Geo_1875]

Which key execs do want to be out finding new players?

[Andy74]

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TBF, Butcher dropped us in the **** and then Petrie dropped the **** onto LD's in tray for her first week in the job. Getting rid and bringing in AS was the right decision but set us back at least a month. I can forgive all that.

Now though, the club has scheduled an AGM for 28 Jan, just a few days before the end of the January transfer window. This is bound to distract key execs from the business of doing all we can to strengthen the squad for the 2nd half of the season.

Why do we do this to ourselves?

Is this serious?

[CropleyWasGod]

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TBF, Butcher dropped us in the **** and then Petrie dropped the **** onto LD's in tray for her first week in the job. Getting rid and bringing in AS was the right decision but set us back at least a month. I can forgive all that.

Now though, the club has scheduled an AGM for 28 Jan, just a few days before the end of the January transfer window. This is bound to distract key execs from the business of doing all we can to strengthen the squad for the 2nd half of the season.

Why do we do this to ourselves?

You saying that the AGM distracts the football staff? Or have I misunderstood?

[green day]

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So when they start having to divert the money from pledges into paying back the owner they will be losing £1.4 million or so from the budget?

They expect to make some more by being in the top league but you'd expect that they would also have to up their budget to make any impact there.

They still also have to do something in relation to their stadium. They sound a fair bit away from being in any way financially sound.

They do have a habit of none of that making any odds but even now with the pledge money being used to fund budget its hard to tell when they have ever been operating within their means.

Bit in bold - also calls into question the 3 year (?) plan of buying out Queen Budgie unless they are squirrelling money away to repay her.

[CropleyWasGod]

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Bit in bold - also calls into question the 3 year (?) plan of buying out Queen Budgie unless they are squirrelling money away to repay her.

It's a 5-6 year plan IIRC. Once the pledges have topped 6.3m, the buyout can start.

[jacomo]

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You saying that the AGM distracts the football staff? Or have I misunderstood?

I am saying that the AGM will take focus away from transfer business. We already know that LD signs off on deals. I think it's a potential risk.

[jacomo]

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Is this serious?

Please stop with the unnecessary aggro. Been through this yesterday.

Yes, it is a serious point. I've explained my thoughts above. It's an opinion. Either engage constructively or don't bother, please.