Romanov to stand trial

[Weegreenman]

ago

https://www.dailyrecord.co.uk/news/s...manov-13530163


Sadly he’ll only get tried in his absence

[G B Young]

Stay safe sweet prince (to coin a phrase from kickback, used even as the yams teetered on the brink of liquidation).

[H18 SFR]

Does he still have plenty of money in Russia?

[NORTHERNHIBBY]

Huge fine, borrow the cash and then owe it to himself.

[Bostonhibby]

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Huge fine, borrow the cash and then owe it to himself.

Beat me to it

He should probably just do a share issue or tell them he owns a bank so it's all good. Worked a treat in Scotland.

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[Hibs4185]

‘he owns a bank’ was absolute nonsense-he was the largest shareholder with about 40%.

I knew he didn’t have much personal wealth when I seen him leave riccarton in a 2 year old Volkswagen phaeton. The Bentley of the Volkswagen range that depreciated quicker than it accelerated. Nae multi millionaire gets chauffeured in a phaeton.

[CropleyWasGod]

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‘he owns a bank’ was absolute nonsense-he was the largest shareholder with about 40%.

I knew he didn’t have much personal wealth when I seen him leave riccarton in a 2 year old Volkswagen phaeton. The Bentley of the Volkswagen range that depreciated quicker than it accelerated. Nae multi millionaire gets chauffeured in a phaeton.

He piloted a submarine through the Baltic, though.

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[SeanWilson]

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‘he owns a bank’ was absolute nonsense-he was the largest shareholder with about 40%.

I knew he didn’t have much personal wealth when I seen him leave riccarton in a 2 year old Volkswagen phaeton. The Bentley of the Volkswagen range that depreciated quicker than it accelerated. Nae multi millionaire gets chauffeured in a phaeton.

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[Famous Fiver]

What he did and the millions he squandered on the Jambos are as nothing compared to the £185 Lady Haig Poppy Fund was stiffed for.

[007]

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ago

https://www.dailyrecord.co.uk/news/s...manov-13530163


Sadly he’ll only get tried in his absence

Will be confirmation 2 cup wins were funded by illegal means. Strip them of the wins or at the very least put an asterisk next to them with a note below "Funded by Fraud".

He'll probably get off on a technicality.

[Kato]

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Will be confirmation 2 cup wins were funded by illegal means. Strip them of the wins or at the very least put an asterisk next to them with a note below "Funded by Fraud".

He'll probably get off on a technicality.

Is it correct that wins funded by the proceeds of criminal activity are void? Seem to remember there was chat about this a while back.

Should be an interesting trial, the devil is in the detail and a clear account of how Hearts were funded during those years might educate a few Hearts fans, who are sure it was the big, bad global financial crisis what done it and that Vlad was a victim of circumstance.

[Billy Whizz]

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What he did and the millions he squandered on the Jambos are as nothing compared to the £185 Lady Haig Poppy Fund was stiffed for.

On kickback they are saying he didn’t add to Hearts debt, which he inherited from Robinson
I find that hard to believe

[Hibs4185]

My uncle was a shareholder. He went to the AGM and voted to increase the debt to £40 million as they were going for the champions league.

Told me proudly a couple of weeks later about increasing the debt and champions league blah blah blah. I asked him why they were increasing Hearts debt instead of spending Romanov’s own money. I used the example of abramovich who used to write a cheque to cover chelsea’s losses and leave them debt free but I was told I was a jealous hobo 😂😂😂

[Hi Heid Yin]

Romanov stands for everything that is financially corrupt.

He "Gangstered" it over The Jambos and bought them tainted silverware.

Let's not ever forget how the maroon masses lapped it up and turned a blind eye to the financial doctoring and seedy goings on within the Tynecastle corridors.

And let's also never forget that infamous statement on Sickback by one of their more demented followers: "Hibs are no longer our rivals!

The voices of dozens of shafted businesses and charities can still be heard above the roar of their "selective memories" hordes.

To this day the shame and stench of that era hangs over their Pink bus shelter.

[CropleyWasGod]

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On kickback they are saying he didn’t add to Hearts debt, which he inherited from Robinson
I find that hard to believe

The debt at administration was over 50% more than the one inherited from Robinson, which was £19.5m. And that was after the various debt for equity swaps, which totalled £22m.



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[Bostonhibby]

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The debt at administration was over 50% more than the one inherited from Robinson. And that was after the various debt for equity swaps.

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Trust you and your numerical facts, all based on their very own numbers which they had to disclose themselves pre and post administration no doubt

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[CropleyWasGod]

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Trust you and your numerical facts, all based on their very own numbers which they had to disclose themselves pre and post administration no doubt

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To be fair, you have to allow for the fact that they couldn't afford batteries for their calculator.

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[eastmainsmsh]

Vlad shafted the jambos remember medals mackay and the yams welcoming him on TV wearing cossack hats comedy 🥇

[Billy Whizz]

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The debt at administration was over 50% more than the one inherited from Robinson, which was £19.5m. And that was after the various debt for equity swaps, which totalled £22m.



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Ta, Thought as much. Some comments over the road seem to think it’s ok to have run up his debt, as they got 2 Cup wins from it

[Bostonhibby]

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To be fair, you have to allow for the fact that they couldn't afford batteries for their calculator.

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Even during the time when they declared themselves "self sufficient "?

Surely not, even the relatively small amount they bumped from the lady Haig Poppy Fund would have covered the cost of a few batteries.

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[CropleyWasGod]

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Even during the time when they declared themselves "self sufficient "?

Surely not, even the relatively small amount they bumped from the lady Haig Poppy Fund would have covered the cost of a few batteries.

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That was ring-fenced for fax rolls.

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[Billy Whizz]

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That was ring-fenced for fax rolls.

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You’re not suggesting he picked the team, are you Crops

[PatHead]

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You’re not suggesting he picked the team, are you Crops

But was there any witnesses?

[Bostonhibby]

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But was there any witnesses?

Lee Wallace and Alan Preston witnessed the whole thing. Said nothing this time though

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[Ryan69]

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‘he owns a bank’ was absolute nonsense-he was the largest shareholder with about 40%.

I knew he didn’t have much personal wealth when I seen him leave riccarton in a 2 year old Volkswagen phaeton. The Bentley of the Volkswagen range that depreciated quicker than it accelerated. Nae multi millionaire gets chauffeured in a phaeton.

If you had 40% in a countries biggest bank...he must of had some wealth at some point surely?

[cocteautwin]

I wonder if any of the Scottish Directors of the time could be held complicit in this? Hope so, but I suppose turning a blind eye isn't so much of an extraditable International crime.

Maybe Ewan Murray the Hearts journalist who still lists " . . . . . Vladimir Romanov's stewardship of Heart of Midlothian" as one of his areas of interest in the Guardian can be called as a witness after his amazing investigative journalist skills during that period revealed . . . . . . absolutely f&$k all.

[Baader]

Work with a Lithuanian girl whose Dad lost his job in Kaunas because of Romanov's swindling. Many there did and it's why they moved here as he couldn't support his family. He's really Russian though isn't he? Hopefully falls foul of Putin. But probably checks all the boxes for the bigger Vlad... Unhinged, dodgy and a crook.

[Famous Fiver]

Anyone ever connected with Hearts could claim Insanity or acting while the balance of their mind was disturbed.

No jury in the land could convict him.

Sorted. Off scot free.

[Geo_1875]

Wonder if he'll call Lord Foulkesake as a character witness? He investigated Vlad before declaring him as the new Messiah.

[FitzAlan]

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The debt at administration was over 50% more than the one inherited from Robinson, which was £19.5m. And that was after the various debt for equity swaps, which totalled £22m.



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The net deficiency of assets per BDO's Statement of Liabilities in Administration lodged at Companies House 2 December 2013 was £43,684,551, which will include losses brought forward accumulated under previous regimes. The revised list of known creditors was finally confirmed as being £33,920,645.30 on 29 November 2015. The revised total was caused by Heriot Watt University having amended their claim, presumably for the full term of the lease agreement rather than merely the arrears.

The debt for equity swaps should be taken together with the inter-company write offs characterised in the accounts in certain other years as "forgiveness of debt" by the parent entity, as both were mechanisms by which debt was transferred to the parent's balance sheet. Taken together, these total £40.7m, so it can be fairly stated that Hearts contributed £84m of losses to the group insolvency which precipitated their administration. This is approximately a quarter of the overall group debt for which Romanov is finally being prosecuted.

This can be corroborated by adding up the net losses before debt restructuring and disposals of intangible assets (i.e. player sales) in the statutory accounts from 31 July 2006 to 30 June 2013, each of the full accounting periods during Romanov's tenure as a shadow director, which total £75.7m. There is a cumulative loss of £1.9m on intangibles in the same period.