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Thread: Yam accounts
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14-11-2018 07:22 PM #91
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14-11-2018 07:29 PM #92
So does this mean that they are not financially bankrupt, only morally bankrupt?
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14-11-2018 08:03 PM #93
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How come the liquidators didn't sell the stadium to pay the creditors? Never understood that.
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14-11-2018 08:08 PM #94This quote is hidden because you are ignoring this member. Show Quote
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14-11-2018 08:17 PM #95
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14-11-2018 08:33 PM #96This quote is hidden because you are ignoring this member. Show Quote
The deal that was made, which IMO was not what it should have been, is still being investigated by the liquidators.
As for Hearts, they wouldn't have raised enough to make much of a dent in the ordinary creditors.
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14-11-2018 08:37 PM #97
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14-11-2018 08:40 PM #98This quote is hidden because you are ignoring this member. Show Quote
The stadium and assets were sold for £5.5m by the administrators. The liquidators are suing the administrators for £28.9m, on the grounds that the sale was undervalued.
Total debts were over £130m.
Sent from my SM-A520F using TapatalkLast edited by CropleyWasGod; 14-11-2018 at 08:44 PM.
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14-11-2018 09:15 PM #99
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14-11-2018 09:50 PM #100This quote is hidden because you are ignoring this member. Show QuoteThere's only one thing better than a Hibs calendar and that's two Hibs calendars
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14-11-2018 10:04 PM #101
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14-11-2018 11:03 PM #102
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They might glory in their "5-1" but we have never scuttled into a shameful administration deceit and welched on millions of debt.
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15-11-2018 01:29 AM #104
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15-11-2018 01:34 AM #105
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15-11-2018 06:40 AM #106
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Not saying there's any suggestion of financial impropriety but one idea that's been twirling round my head like a camp/fey maroon and white stripe scarf is the suggested family connection to the stadium construction and the amount paid for that. If the final headline cost is coming in at £18m and more, but the real cost is, say £14m, then there's a £4m family "profit" stripped out by that method. This would priobably be most of what Budge has put in to the project, so she could then waive the loan and come out smelling of roses and a true HMFC hero, without anyone knowing they stripped out some profits by overcharging for a tinpot stadium.
Mere speculation and I don't even know if it's true that there's a Budge family connection, but it is a bit weird that they decided to take on the project themselves without a main contractor. If no-one is there to oversee the project but themselves then there's no-one there to call out any over charging for the stadium. Hmmmmm. Does it smell fishy to you?
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15-11-2018 06:47 AM #107This quote is hidden because you are ignoring this member. Show Quote
Sent from my SM-A520F using TapatalkLast edited by CropleyWasGod; 15-11-2018 at 06:52 AM.
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15-11-2018 06:50 AM #108
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Liquidation and administration are two completely different things.
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15-11-2018 07:00 AM #109
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15-11-2018 07:07 AM #110
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This quote is hidden because you are ignoring this member. Show QuoteLast edited by cocteautwin; 15-11-2018 at 07:10 AM.
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15-11-2018 07:20 AM #111This quote is hidden because you are ignoring this member. Show Quote
They don't just have an audit responsibility, they also have an anti- money laundering responsibility.
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15-11-2018 07:25 AM #112
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Are Hibs financial statements for 2018 available online anywhere?
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15-11-2018 07:33 AM #113This quote is hidden because you are ignoring this member. Show Quote
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15-11-2018 07:37 AM #114This quote is hidden because you are ignoring this member. Show Quote
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15-11-2018 07:47 AM #115
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15-11-2018 07:47 AM #116
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15-11-2018 07:49 AM #117This quote is hidden because you are ignoring this member. Show Quote
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15-11-2018 07:57 AM #118
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15-11-2018 07:59 AM #119This quote is hidden because you are ignoring this member. Show Quote
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15-11-2018 08:05 AM #120
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