Share Transfers Agreed/Cooling off period

[magpie1892]

Magpie, you're alive. How are you?

Just struggling along. You?

[coco22]

Haters is an anagram of Hearts.

[supershotmo]

Haters is an anagram of Hearts.

So is Trashe

[greenginger]

Sergey's post on the p m board that UBIG never submitted any accounts to the Lith. authorities since 2006 must bring into question Hearts accountants , Johnston Carmichael.

Since UBIG support was the sole reason for Hearts accounts being signed, I don't think the little footnote by J C to their Audit Report that they had'nt obtained " All " the information necessary.

If they knew there were no accounts being submitted by UBIG , I would have thought this should have been made clear in the Audit.

[NorthNorfolkHFC]

If proved to be true, would this criminal activity have a direct bearing on SPL rules on financial integrity and conduct of ownership etc. If it did, I suppose it could take yonks to establish by which time the Jambos will no doubt have performed a Houdiniesque escape from consequences and punishment.

That's my worry, Hearts escape. Debt written off if the lunatic goes to jail with operating costs lowered but no debts. I can just see it happening.

Personally, my guess over best case scenario is they drop to the 3rd. That's still pretty good though.

[mjhibby]

Article in The Times today (sorry no link) says that Romanov is to face charges in Lithuania over his mismanagement of Ukio Bankas.
The article makes the valid point that in their last published accounts, back in 2011, Hearts turnover was £7m and their expenditure was £13m. Romanov "forgave" about £8m of debt so they could report a "profit". It remains to be seen if he pulled the same stunt for the 2012 accounts, which have not been released yet. The Times article includes the comment, "to trade in profit it [Hearts] either had to double its income or halve its costs". I would guess that if Hearts auditors have not already signed off their audit report, recent events in Lithuania will be causing them to think hard about how to word their report.

When i explained that their expenditure was £6m less than their income to my jambo mate he said they made a profit.in fairness to him he is one of the decent jambos(yes there are some) and i put it down to being in denial.I suppose if we were in their position we would try and put as rosy a picture as possible on things.He realises that if they come out of this still playing at the pbs but probably with a team full of youngsters he would look upon this as a result.You never know whats round the corner for that circus but as tom english said on sportsound last night the end game at the pbs is one of the few interesting things left of the season given top and bottom are sorted.
I think they will hoblle through the season and crunch time will come in the close season when no money is coming in and if(as in all probability)they have spent a good chunk of season ticket money to get through the season.One thing the maroon hordes have overlooked is that for a club still spending way over anybody outside celtic on wages how come they are 10th in the league.

[CropleyWasGod]

Sergey's post on the p m board that UBIG never submitted any accounts to the Lith. authorities since 2006 must bring into question Hearts accountants , Johnston Carmichael.

Since UBIG support was the sole reason for Hearts accounts being signed, I don't think the little footnote by J C to their Audit Report that they had'nt obtained " All " the information necessary.

If they knew there were no accounts being submitted by UBIG , I would have thought this should have been made clear in the Audit.

Have to stick up for JC here. It's not their job to comment on UBIG's compliance with the law. They are acting as HMFC's auditors and, in that respect, their report is understandable.

I am not sure what difference a reference to UBIG's non-compliance would have made.

[Jack Hackett]

Article in The Times today (sorry no link) says that Romanov is to face charges in Lithuania over his mismanagement of Ukio Bankas.
The article makes the valid point that in their last published accounts, back in 2011, Hearts turnover was £7m and their expenditure was £13m. Romanov "forgave" about £8m of debt so they could report a "profit". It remains to be seen if he pulled the same stunt for the 2012 accounts, which have not been released yet. The Times article includes the comment, "to trade in profit it [Hearts] either had to double its income or halve its costs". I would guess that if Hearts auditors have not already signed off their audit report, recent events in Lithuania will be causing them to think hard about how to word their report.

One for CG or CWG... Does this increase the odds of UBIG going into administration, and could the Lithuania authorities reverse the 'forgiveness' and dump the debt back onto hertz debt?

[Leithenhibby]

Get your gums round this one. :-)

http://www.thetimes.co.uk/tto/news/uk/scotland/article3694668.ece

[Spike Mandela]

Get your gums round this one. :-)

http://www.thetimes.co.uk/tto/news/uk/scotland/article3694668.ece


And this one........


http://www.heraldscotland.com/mobile/sport/football/floating-charge-of-68m-could-weigh-heavily-on-hearts.20290717

More slaverings of wishful thinking from Lord pishybreeks...........

The former chairman George Foulkes, however, believes the uncertainty surrounding the charge could be "a good thing".

"It's now another bank that are making the decisions and they will do it on the basis of logic and what's in the best interest of their shareholders. That means they will want to see Hearts as a going concern. The ideal solution would be to find a new owner or owners for the club that are able to lease the stadium and pay the bank some reasonable rental for it. That would seem to me to be the way forward."

[Part/Time Supporter]

Have to stick up for JC here. It's not their job to comment on UBIG's compliance with the law. They are acting as HMFC's auditors and, in that respect, their report is understandable.

I am not sure what difference a reference to UBIG's non-compliance would have made.

It explains why their audit has never been signed off until very late in the following financial year (usually early May). UBIG has evidently never provided them with any certainty that HMFC could make it through the following financial year, so they don't sign it off until it is apparent that they will. By early May each year the season tickets are on sale and it is self-evident that the company will survive until its year end. Whereas they couldn't say that with any certainty earlier in the financial year, when most clubs publish their accounts.


One for CG or CWG... Does this increase the odds of UBIG going into administration, and could the Lithuania authorities reverse the 'forgiveness' and dump the debt back onto hertz debt?

No to both. UBIG will most likely become insolvent when the Lithuanian government demands repayment of the bad loans made by Ukio. The debt for equity swaps were voted through by the shareholders of both companies and can't be unwound. It just means that UBIG has a lot of worthless shares in HMFC.

[Jones28]

And this one........


http://www.heraldscotland.com/mobile/sport/football/floating-charge-of-68m-could-weigh-heavily-on-hearts.20290717 (http://www.heraldscotland.com/mobile/sport/football/floating-charge-of-68m-could-weigh-heavily-on-hearts.<strong><em>20290717</em></strong>)

More slaverings of wishful thinking from Lord pishybreeks...........

The former chairman George Foulkes, however, believes the uncertainty surrounding the charge could be "a good thing".

"It's now another bank that are making the decisions and they will do it on the basis of logic and what's in the best interest of their shareholders. That means they will want to see Hearts as a going concern. The ideal solution would be to find a new owner or owners for the club that are able to lease the stadium and pay the bank some reasonable rental for it. That would seem to me to be the way forward."



So according to Foulkes, this other bank want to find Hearts new owners rather than disown them? Seems wishful thinking to me. Why would they care?

[Jack Hackett]

No to both.

Boooo! :greengrin

[Bostonhibby]

So according to Foulkes, this other bank want to find Hearts new owners rather than disown them? Seems wishful thinking to me. Why would they care?

Leave the old twat alone, after all this is the man that helped usher the Dear Leader in and spent far too much time ass kissing until the penny finally dropped.

[Kato]

It just means that UBIG has a lot of worthless shares in HMFC.

Unlike those Jambos who bought "shares" last year. They don't own any, worthless or otherwise.

[hibs0666]

Have to stick up for JC here. It's not their job to comment on UBIG's compliance with the law. They are acting as HMFC's auditors and, in that respect, their report is understandable.

I am not sure what difference a reference to UBIG's non-compliance would have made.

Surely if they had said that they had not received 'any' financial information from UBIG rather than 'all' information then it would have put the yams accounts in a totally different light.

[lord bunberry]

Unlike those Jambos who bought "shares" last year. They don't own any, worthless or otherwise.

The shares are not worth the paper there not yet written on

[jgl07]

Have to stick up for JC here. It's not their job to comment on UBIG's compliance with the law. They are acting as HMFC's auditors and, in that respect, their report is understandable.

I am not sure what difference a reference to UBIG's non-compliance would have made.

The point is that Hearts as a stand-alone company were effectively insolvent and had been for some years. The auditors signed off the accounts on the basis that Hearts were backed by UBIG and implicitly that UBIG were good for the money. If not then presumably Hearts were trading while insolvent. They even signed off the last set of accounts after Romanov had publicly declared that Hearts were 'on there own'. A mealy mouthed correction by UBIG was put out at the last minute to enable the accounts to be signed off.

I understand that no accounts for UBIG have been seen for years so how could the auditors form the opinion that they would (or rather could) continue to back Hearts financially?

They clearly followed the instructions of their paymasters rather than attempting to protect the interests of creditors and others who would act on the information in the accounts.

Your defence of JC sounds rather like the 'accountants old pals act' in operation.

[Part/Time Supporter]

I understand that no accounts for UBIG have been seen for years so how could the auditors form the opinion that they would (or rather could) continue to back Hearts financially?

They clearly followed the instructions of their paymasters rather than attempting to protect the interests of creditors and others who would act on the information in the accounts.

The audit opinion only provides assurance for the following accounting year, not beyond. Hearts' last set of accounts was to 30 June 2011 and it was signed off in May 2012. All the opinion is effectively saying is that they are assured that UBIG would continue to support HMFC until 30 June 2012.

The very fact that the (heavily qualified) audit opinion is signed and accounts are filed so late should be a warning sign to suppliers and would be buyers. Indeed, the FOH statement issued the other day complained about the lack of assistance from the HMFC board on this point, that the accounts are now 20 months behind.

[Hermit Crab]

At the end of the day we all want to know the same thing - are hearts thucked or will they come out of this squeaky clean??

[CropleyWasGod]

The point is that Hearts as a stand-alone company were effectively insolvent and had been for some years. The auditors signed off the accounts on the basis that Hearts were backed by UBIG and implicitly that UBIG were good for the money. If not then presumably Hearts were trading while insolvent. They even signed off the last set of accounts after Romanov had publicly declared that Hearts were 'on there own'. A mealy mouthed correction by UBIG was put out at the last minute to enable the accounts to be signed off.

I understand that no accounts for UBIG have been seen for years so how could the auditors form the opinion that they would (or rather could) continue to back Hearts financially?

They clearly followed the instructions of their paymasters rather than attempting to protect the interests of creditors and others who would act on the information in the accounts.

Your defence of JC sounds rather like the 'accountants old pals act' in operation.

They didn't.

Their AR said "information that would have enabled us to conclude as to whether UBIG is able to meet its commitment to provide sufficient funding to enable the company to meet its liabilities as they fall due for the foreseeable future was not made available to us. Had this information been made available to us, we might have formed a different opinion on the financial statements."

There is no statement that UBIG were "good for the money". For me, and for anybody who might have been making decisions based on those accounts, that is not expressed or implied.

[EskbankHibby]

Haters is an anagram of Hearts.

So is Sheart.

This is very close to shart which is, ironically, what many jambos are also close to.

Even the most obsequious, forelock tugging carsdigan wearers seem to have woken to the overwhelming aroma of coffee over the last week or so. That the forelock tugger-in-chief Lord Foulkes sees developments as an opportunity rather than a threat tells you all you need to know about that slavering old drunken walrus.

[Treadstone]

Just out of interest to the guys with an understanding of the financial aspects, on UKIO is this good old fashioned casino banking or somewhat murkier and dare I say bordering on pre-meditated criminality.

I remember seeing something once on Oligarchs and there fascination with political office, on which an informed analyst said that the reason was that it is very hard to prosecute an elected official.

[Bostonhibby]

Unlike those Jambos who bought "shares" last year. They don't own any, worthless or otherwise.

What? Not even a bit of paper? Surely not, they are a savvy bunch and they are owned by a mega rich compliant bank, no way will they fail to get valid registered certificates or at least their cash back.

[Kojock]

Cash Fret is an anagram of Hearts FC. How appropriate. :agree:

[Mikey]

If George Foulkes keeps banging on about how Hearts are self sustaining and have no financial problems, it's just going to result in the small businesses around Edinburgh and the Lothians who are repeatedly told by Hearts that "the cheque's in the post" losing patience and calling on Blacklocks' services.

[Hiber-nation]

Cash Fret is an anagram of Hearts FC. How appropriate. :agree:

:agree:

There are a couple of decent anagrams of Heart of Midlothian FC:

Chairman Offed To Lith

Lith Mafia Fetch Donor

[#FromTheCapital]

If George Foulkes keeps banging on about how Hearts are self sustaining and have no financial problems, it's just going to result in the small businesses around Edinburgh and the Lothians who are repeatedly told by Hearts that "the cheque's in the post" losing patience and calling on Blacklocks' services.


:agree:


Auld pishy breeks should be more concerned that he himself is self staining....

http://img580.imageshack.us/img580/9600/pishy2.jpg (http://www.hibs.net/showthread.php?222942-Council-pull-out-of-joint-stadium-plan/page3)

[sauzee1966]

If the parent company is in Admin.. then surely the same rules should apply to Hearts....or are the SFA rules different?

Surely if the parent company is in administration then so is the club....ie portsmouth...livi...dundee?


When i explained that their expenditure was £6m less than their income to my jambo mate he said they made a profit.in fairness to him he is one of the decent jambos(yes there are some) and i put it down to being in denial.I suppose if we were in their position we would try and put as rosy a picture as possible on things.He realises that if they come out of this still playing at the pbs but probably with a team full of youngsters he would look upon this as a result.You never know whats round the corner for that circus but as tom english said on sportsound last night the end game at the pbs is one of the few interesting things left of the season given top and bottom are sorted.
I think they will hoblle through the season and crunch time will come in the close season when no money is coming in and if(as in all probability)they have spent a good chunk of season ticket money to get through the season.One thing the maroon hordes have overlooked is that for a club still spending way over anybody outside celtic on wages how come they are 10th in the league.

[Danderhall Hibs]

If George Foulkes keeps banging on about how Hearts are self sustaining and have no financial problems, it's just going to result in the small businesses around Edinburgh and the Lothians who are repeatedly told by Hearts that "the cheque's in the post" losing patience and calling on Blacklocks' services.

How many time have you posted this now?! Maybe one of these days someone will reads it and do as you want them to!

[Danderhall Hibs]

Surely if the parent company is in administration then so is the clun....ie portsmouth...livi...dundee?

Ukio aren't the parent company.

[Andy74]

Unlike those Jambos who bought "shares" last year. They don't own any, worthless or otherwise.

Okay, I'm lost - I thought UBIG were the owners of Hearts so they must hold shares.

[Caversham Green]

The audit opinion only provides assurance for the following accounting year, not beyond. Hearts' last set of accounts was to 30 June 2011 and it was signed off in May 2012. All the opinion is effectively saying is that they are assured that UBIG would continue to support HMFC until 30 June 2012.

The very fact that the (heavily qualified) audit opinion is signed and accounts are filed so late should be a warning sign to suppliers and would be buyers. Indeed, the FOH statement issued the other day complained about the lack of assistance from the HMFC board on this point, that the accounts are now 20 months behind.

Not exactly, the audit opinion covers the foreseeable future, which is generally accepted to be a year from the date of signing the audit report but can extend further in some circumstances. That gives them a new problem for this year because it has been stated that UBIG would be reviewing the debt position at 30 June 2013, therefore they are unable to assess whether HoMFC is a going concern or not.

On the debate re last year's report, the gist of what they said was that HoMFC were dependent on the continuing support of UBIG for survival but they were unable to assess whether UBIG were capable of providing that support because they had not seen the information they considered necessary to arrive at a conclusion. These qualifications are intentionally bland but that gives all the necessary information and is pretty much all they could say without a risk of litigation.

[clerriehibs]

Not exactly, the audit opinion covers the foreseeable future, which is generally accepted to be a year from the date of signing the audit report but can extend further in some circumstances. That gives them a new problem for this year because it has been stated y UBIG would be reviewing the debt position at 30 June 2013, therefore they are unable to assess whether HoMFC is a going concern or not.

On the debate re last year's report, the gist of what they said was that HoMFC were dependent on the continuing support of UBIG for survival but they were unable to assess whether UBIG were capable of providing that support because they had not seen the information they considered necessary to arrive at a conclusion. These qualifications are intentionally bland but that gives all the necessary information and is pretty much all they could say without a risk of litigation.

Which all begs the question - what exactly do auditors do, if the can only ever comment on the evidence offered to them? No crook is going to let an auditor have free rein on the books, and if the auditor can't enforce divulgence ... what a waste of time and money.

[Moulin Yarns]

http://www.bbc.co.uk/sport/0/football/21534145

Maybe we should offer him Private Membership of Hibs.net, he would learn all he needs to know from CG, CWG and Sergey, as well as other posters.

[Treadstone]

George Foulkes - Gofer Keg Louse


Vladimir Romanov -Naval Door Rim Vim


http://www.bbc.co.uk/sport/0/football/21534145

Maybe we should offer him Private Membership of Hibs.net, he would learn all he needs to know from CG, CWG and Sergey, as well as other posters.

From the non-business EEN reporter:

Barry Anderson ‏@BarryAnderson_8 (https://twitter.com/BarryAnderson_8)
@jj_bruce (https://twitter.com/jj_bruce) My take: Tynecastle owned by #Hearts (https://twitter.com/search?q=%23Hearts&src=hash) /UBIG. Floating charge (£6.8m) will switch from Ukio to Siauliu Bankas. Siauliu plans unclear

Cheers Barry.:aok:

[Spike Mandela]

George Foulkes - Gofer Keg Louse


Vladimir Romanov -Naval Door Rim Vim

George Foulkes - Ego Flukes Ogre

Vladimir Romanov - Alarm Vivid Moron

And my favourite.........

Steve Cardownie - Now Eviscerated

[green glory]

From the non-business EEN reporter:

Barry Anderson &rlm;@BarryAnderson_8 (https://twitter.com/BarryAnderson_8)
@jj_bruce (https://twitter.com/jj_bruce) My take: Tynecastle owned by #Hearts (https://twitter.com/search?q=%23Hearts&src=hash) /UBIG. Floating charge (£6.8m) will switch from Ukio to Siauliu Bankas. Siauliu plans unclear

Cheers Barry.:aok:

That was me teasing him. The fact he says the floating charge WILL transfer is a bit of an assumption. They have to decide if it's a good or bad asset first. Remember though #allisbarry

[Caversham Green]

Which all begs the question - what exactly do auditors do, if the can only ever comment on the evidence offered to them? No crook is going to let an auditor have free rein on the books, and if the auditor can't enforce divulgence ... what a waste of time and money.

Johnston Carmichael were auditing the books of HoMFC plc and will have seen all of that company's records - if they didn't they would have said as much in their report or, if they considered the breach serious enough they would have resigned and reported the company to the appropriate authority. They were not appointed to comment in any way on the accounts of UBIG and had no direct right of access to that company's books. What they can do (and did) is request sufficient information from UBIG to satisfy themselves that a) future support would be forthcoming and b) UBIG were capable of providing that support. They got a) but didn't get b) and that's exactly what they said in their report. As a result they have expressed uncertainty as to whether the accounts show a true and fair view in this respect only - they are satisfied that every other aspect of the accounts is correct.

Seasoned users of these accounts (i.e. those who would make financial decisions based on their contents) would know that this qualification throws a huge amount of doubt over the company's ability to continue trading and would make their decisions accordingly.

[greenginger]

Johnston Carmichael were auditing the books of HoMFC plc and will have seen all of that company's records -

Seasoned users of these accounts (i.e. those who would make financial decisions based on their contents) would know that this qualification throws a huge amount of doubt over the company's ability to continue trading and would make their decisions accordingly.


Do you consider Edinburgh Council as "seasoned users" and capable of understanding these qualifications and accepting the £ 100,000 plus of late payments an acceptable risk ?

Most people here know, nobody at Edinburgh Council Knows what day of the week it is, never mind the nuances of accounting terminology. :wink:

[CropleyWasGod]

Do you consider Edinburgh Council as "seasoned users" and capable of understanding these qualifications and accepting the £ 100,000 plus of late payments an acceptable risk ?

Most people here know, nobody at Edinburgh Council Knows what day of the week it is, never mind the nuances of accounting terminology. :wink:

To be honest, if I thought they were relying on accounts that are almost 2 years out-of-date, no matter what the audit report said, for their credit-control procedures, I would be livid.

[MB62]

George Foulkes - Ego Flukes Ogre

Vladimir Romanov - Alarm Vivid Moron

And my favourite.........

Steve Cardownie - Now Eviscerated

Hearts - Rats Eh

[Caversham Green]

Do you consider Edinburgh Council as "seasoned users" and capable of understanding these qualifications and accepting the £ 100,000 plus of late payments an acceptable risk ?

Most people here know, nobody at Edinburgh Council Knows what day of the week it is, never mind the nuances of accounting terminology. :wink:

The Cooncil are a bit of a special case - they can't actually refuse to provide their services to HoMFC. They should however be monitoring the arrears and taking action to recover them if complete default seems likely. In the case of the yams they should be pursuing the debts far more vigorously than they are IMo.

[EdinMike]

Uncle Fester


"I don't really know anything about that. It's way, way above the level that I'm working at," McGlynn admitted.
"I don't have anything to do with any of the financial situation to be honest.



Wow, he surely should be aware of the financial situation ! Have they promoted a Groundsman or something ?!

[NeilT]

I might regret this but the Gorgie "Opportunity Site" has limited value. Tesco are not buying sites and will not be buying sites for the forseeable future. Asda will not be interested due to the store at Chesser. (They just dont do canibilisation), Sainsburys have a Gorgie store which leaves Morrisons. They have/had a requirement for the west of Edinburgh and have looked at the BT building on Gorgie Road. But they need a site of around 6 acres with FRONTAGE... ie you can see the front of the shop. Not the PBS. They did the hidden one in Granton which is their worst trading shop in Scotland. They are also concentrating on the SE of England. Aldi would pay about £1M for a bit of the site but they might already be next to Mcdonalds (cannot remember) and Lidl are on Dalry Road. Its not a great place for another Waitrose which leaves the Co-op who mght just take an acre with frontage (Thats worth about £0.5M).

South Murayfield is not prime resi land and the housebulders are not buying dog sites to land bank unless they are owned by companies controlled by the banks who need to transfer ownership from one part of the bank to another. Thats what Cala and Miller are doing just now. Buying sites from HBOS basket cases funded by Lloyds/HBOS. Its got something to do with where the money comes from in HBOS and what account it ends up in.

You sound like you know what you are talking about and what you say worries me. There must be a scenario (after UBIG have also gone bust which seems inevitable) where the money Hearts owe UBIG and the £6.8M security UKIO hold are not worth the paper they are written on. The administrator (or whoever is picking up the pieces) may well decide to just sell whatever is left of the Romanov empire for whatever they can get. And, if the Tynecastle site is not going to attract a supermarket or housebuilder, then someone steps in and picks up Hearts (with Tynecastle) for a couple of million.

And it would be excruciating to see them escape what they are due in such a manner.

[Golden Bear]

http://www.bbc.co.uk/sport/0/football/21534145

Maybe we should offer him Private Membership of Hibs.net, he would learn all he needs to know from CG, CWG and Sergey, as well as other posters.



"But people have got to realise there's still a sort of serious issue here."

:tee hee:

[MrSmith]

George Foulkes - Twat!

Vladimir Romanov - Skint Knob! (could that be construed as being Jewish?)

And my favourite.........

Steve Cardownie - Another Twat!

As above!

[Treadstone]

That was me teasing him. The fact he says the floating charge WILL transfer is a bit of an assumption. They have to decide if it's a good or bad asset first. Remember though #allisbarry

Just started following him after @radge tore him a new one last week. He is like one of these guys that has to say something even when the situation doesn't demand it. Whether he knows anything or not.

He is full of the broon stuff.

[Kato]

http://www.15min.lt/en/article/business/lithuanian-government-may-have-to-lend-deposit-insurer-up-to-174-million-euros-527-308747

"The bad part (of UKIO BANKAS) will go bankrupt, and the bankruptcy procedure involves finding all those assets that are located in several countries of the world. (These assets) are sold at the best prices and the money is returned to the Deposit Insurance Fund. In a sense, the fund is investing in salvaging the deposits, expecting to get some return by selling that bad part," he said.

[jgl07]

You sound like you know what you are talking about and what you say worries me. There must be a scenario (after UBIG have also gone bust which seems inevitable) where the money Hearts owe UBIG and the £6.8M security UKIO hold are not worth the paper they are written on. The administrator (or whoever is picking up the pieces) may well decide to just sell whatever is left of the Romanov empire for whatever they can get. And, if the Tynecastle site is not going to attract a supermarket or housebuilder, then someone steps in and picks up Hearts (with Tynecastle) for a couple of million.

And it would be excruciating to see them escape what they are due in such a manner.

When this has happened in the past (Leeds, Portsmouth), with the exception of the stitch up over Rangers, the club and the ground have been sold separately. The land occupied by Tynecastle is not of great value at the moment but remember what CALA were prepared to pay for it less than ten years ago. It is surely worth a few million as a long term investment for when the city economy fully recovers.

Sell the club to the supporters and the ground to a speculator who could probably rent in to the club in the meantime.

[monktonharp]

Nicest thing you have ever said about me though.

oh Pat, too kind, too kind:wink:

[jacomo]

When this has happened in the past (Leeds, Portsmouth), with the exception of the stitch up over Rangers, the club and the ground have been sold separately. The land occupied by Tynecastle is not of great value at the moment but remember what CALA were prepared to pay for it less than ten years ago. It is surely worth a few million as a long term investment for when the city economy fully recovers.

Sell the club to the supporters and the ground to a speculator who could probably rent in to the club in the meantime.

Well at least Hearts have a buyer for the club in waiting:

http://www.foundationofhearts.org/statement-from-alex-mackie-chairman-of-the-foundation-of-hearts/

Is it just me, or does this statement boil down to: "We've got nothing. Absolutely nothing. We're hoping the club somehow ends up in our hands but frankly we've no idea how this might happen. Apparently some guys abroad might have something to offer so no harm in meeting them, eh?"

[bingo70]

http://www.15min.lt/en/article/business/lithuanian-government-may-have-to-lend-deposit-insurer-up-to-174-million-euros-527-308747

"The bad part (of UKIO BANKAS) will go bankrupt, and the bankruptcy procedure involves finding all those assets that are located in several countries of the world. (These assets) are sold at the best prices and the money is returned to the Deposit Insurance Fund. In a sense, the fund is investing in salvaging the deposits, expecting to get some return by selling that bad part," he said.

Is this not pretty big news or was this common knowledge to everyone?

[hibs0666]

Combining the cost of the club/land, working capital and the ability to fund a new stand a new owner will have to be good for £10-15 million to give them a fighting chance. There's not going to be many punters floating around with that kind of dough.

[Hibee87]

Is this not pretty big news or was this common knowledge to everyone?

Lets but this into a bit of prepective. Who is going to buy tyncastle with a view of renting it back to hearts??? the main stand is falling down around them, how muhc would it cost to maintain? how long does the current H&S licence certifcate last? imo the only thing that will happen to tynie is someone (dont know who) whether it be houses, deveolpment compnay, tesco morrisons etc is to crush the place and build somthing new. which leads me to think what will happen is what WOULD have happend 10 year ago is sell the place - they get none of the money!! and rent murryfield. someone will buy the club for next to nothing, maybe even foh but they wont have any money to rub together. hearts will be playing youngsters, selling them and bring more throug for the forseeable....maybe not even staying in the SPL/new SPL.

[clerriehibs]

Lets but this into a bit of prepective. Who is going to buy tyncastle with a view of renting it back to hearts??? the main stand is falling down around them, how muhc would it cost to maintain? how long does the current H&S licence certifcate last? imo the only thing that will happen to tynie is someone (dont know who) whether it be houses, deveolpment compnay, tesco morrisons etc is to crush the place and build somthing new. which leads me to think what will happen is what WOULD have happend 10 year ago is sell the place - they get none of the money!! and rent murryfield. someone will buy the club for next to nothing, maybe even foh but they wont have any money to rub together. hearts will be playing youngsters, selling them and bring more throug for the forseeable....maybe not even staying in the SPL/new SPL.

there has to be some trading whilst insolvent punishment.

[Hibee87]

there has to be some trading whilst insolvent punishment.

I dont know what that means but im no expert on these things so I trust your judgement :thumbsup:

[GreenCastle]

The health and safety certification for the main old stand - can this info be found anywhere ?

I remember a few years ago this being said -

"The McLeod Street Stand is rapidly approaching a position where its Safety Certificate is under threat. Structural Engineers are concerned about the integrity due to corrosion of the internal steel beams.


The Stand itself does not conform with the Green Guide in terms of exit widths and evacuation times. The roof of the Stand, which is asbestos, has become very brittle and breaks and fragments on the rare occasions that balls land on the roof. Netting has been placed underneath this to protect spectators. The main seating deck is timber and therefore a higher risk for fire."

Taken from the below -

http://www.zinescene.pwp.blueyonder.co.uk/MOBpurpose.htm

Can someone do some digging ?

[jonty]

The health and safety certification for the main old stand - can this info be found anywhere ?

I remember a few years ago this being said -

"The McLeod Street Stand is rapidly approaching a position where its Safety Certificate is under threat. Structural Engineers are concerned about the integrity due to corrosion of the internal steel beams.


The Stand itself does not conform with the Green Guide in terms of exit widths and evacuation times. The roof of the Stand, which is asbestos, has become very brittle and breaks and fragments on the rare occasions that balls land on the roof. Netting has been placed underneath this to protect spectators. The main seating deck is timber and therefore a higher risk for fire."

Taken from the below -

http://www.zinescene.pwp.blueyonder.co.uk/MOBpurpose.htm

Can someone do some digging ?

http://www.edinburgh.gov.uk/directory_record/12447/safety_certificates_for_sports_grounds

Can someone do some walking :greengrin

[HibeeMG]

So.... when do we find out if the new bank take on Hearts as a "good asset" or whether they're dumped by the wayside as a "bad asset"?


'Mon the Bad Assets!!

[Sergey]

@BBCBMcLauchlin
Hearts have agreed to accept £400,000 from Rangers as final payment for Lee Wallace. £500,000 was due to be paid in the summer#BBCSPORTSCOT

That doesn't even cover their tax liability that's due.

[mad giraffe]

The audit opinion only provides assurance for the following accounting year, not beyond. Hearts' last set of accounts was to 30 June 2011 and it was signed off in May 2012. All the opinion is effectively saying is that they are assured that UBIG would continue to support HMFC until 30 June 2012.

The very fact that the (heavily qualified) audit opinion is signed and accounts are filed so late should be a warning sign to suppliers and would be buyers. Indeed, the FOH statement issued the other day complained about the lack of assistance from the HMFC board on this point, that the accounts are now 20 months behind.

I would have said 12 months from date of signature


Which all begs the question - what exactly do auditors do, if the can only ever comment on the evidence offered to them? No crook is going to let an auditor have free rein on the books, and if the auditor can't enforce divulgence ... what a waste of time and money.

I think here the auditors did state they never had any info. The spl / uefa should have had rules in place to say this is unacceptable and insisted on the info.

[jacomo]

That doesn't even cover their tax liability that's due.

Having been through their own financial crisis last year, it's touching to know that in times of need, the Huns will lend a hand to their fellow Diet Huns, doing all they can to help a fellow club who have fallen on hard times... Oh hang on, they've shafted them!

:greengrin

[Hermit Crab]

@BBCBMcLauchlin
Hearts have agreed to accept £400,000 from Rangers as final payment for Lee Wallace. £500,000 was due to be paid in the summer.


@BBCBMcLauchlin
Lithuanian Bank Ukio Bankas owned by Hearts majority shareholder collapsed with debts of around £376 million#bbcsportscot
...

[#FromTheCapital]

Hmm I wonder why they're so desperate to get the money now rather than wait a couple of months for an extra 100k.

Did hearts not turn down a similar offer from rangers not so long ago?

There could be trouble ahead (or fun for us hibees!) anyone seen any submarines getting loaded with cash recently???

[greenginger]

Does Hector know ? That half million was ring fenced to pay the first installment of the Yams tax dodging agreement. I think the time table of payments was so the first installment would be met.

Close them down now, its being merciful, don't you know.


Hmm I wonder why they're so desperate to get the money now rather than wait a couple of months for an extra 100k.
Did hearts not turn down a similar offer from rangers not so long ago?
There could be trouble ahead (or fun for us hibees!) anyone seen any submarines getting loaded with cash recently???


Or, could this be how the wages were paid on Friday, just be being revealed now ?

[jgl07]

Does Hector know ? That half million was ring fenced to pay the first installment of the Yams tax dodging agreement. I think the time table of payments was so the first installment would be met.

Close them down now, its being merciful, don't you know.

Can Hector not freeze Hearts banking facilities as appears to have happened to Coventry City?

They probably need the cash to pay the March wage bill. Next years season ticket money should deal with April and May but beyond that, no-one knows. I suspect that even the gullible Yams will keep hold of their season ticket money at this stage.

[EH6 Hibby]

Hmm I wonder why they're so desperate to get the money now rather than wait a couple of months for an extra 100k.
Did hearts not turn down a similar offer from rangers not so long ago?
There could be trouble ahead (or fun for us hibees!) anyone seen any submarines getting loaded with cash recently???

They've got their normal tax bill due in a few days I think.

[DaveF]

@BBCBMcLauchlin
Hearts have agreed to accept £400,000 from Rangers as final payment for Lee Wallace. £500,000 was due to be paid in the summer.

Excellent - That £400,000 will hopefully be straight into Vlad and co's back pocket. Surely it won't stay on these shores where Hearts can use it?


They've got their normal tax bill due in a few days I think.

Tomorrow (22nd)

[Hibby Kay-Yay]

Where will they find x million due to UBIG at the end of the season?

[Mikey]

They've got their normal tax bill due in a few days I think.

They do indeed. And courtesy of Rangers they can now pay it.

I wonder which rabbit they'll pull out of the hat to cover the next big bill?

[NOLA]

Ha! Brings back memories, was at St Tams 87-93 and there was one Hearts fan in the whole school. Was a Hibs area that's for sure.

was it Johnny Doig :greengrin his maither looked like his faither and his faither looked like a morlock.

[Spike Mandela]

@BBCBMcLauchlin
Lithuanian Bank Ukio Bankas owned by Hearts majority shareholder collapsed with debts of around £376 million#bbcsportscot

woah, if you say it quick it doesn't sound like much.:shocked::rolleyes:

[#FromTheCapital]

They do indeed. And courtesy of Rangers they can now pay it.

I wonder which rabbit they'll pull out of the hat to cover the next big bill?

They must be running out of rabbits. The Wallace money and season ticket sales will be lucky to see them till the start of next season. What are they going to do then if they haven't already vanished?

[bingo70]

They do indeed. And courtesy of Rangers they can now pay it.

I wonder which rabbit they'll pull out of the hat to cover the next big bill?

Driver says hertz will always be here so pressumably he knows?
Foulkes says hearts are self sufficient now so he's bound to know?

Either that or they're both a couple of slavering ****wits who still have no idea the **** they're in?

[Ozyhibby]

So 10% of the money the Hearts fans raised for the fake share issue went on giving a discount to the new Rangers?

[HibeeMG]

So 10% of the money the Hearts fans raised for the fake share issue went on giving a discount to the new Rangers?

A fair and valid (unlike the share "issue") point. :aok:

[CropleyWasGod]

They've got their normal tax bill due in a few days I think.

Tomorrow.

[Spike Mandela]

They must be running out of rabbits. The Wallace money and season ticket sales will be lucky to see them till the start of next season. What are they going to do then if they haven't already vanished?

Haven't they still got Templeton money to come?

[johnbc70]

was it Johnny Doig :greengrin his maither looked like his faither and his faither looked like a morlock.

It was indeed! :greengrin The only Hearts fan in the whole school!

[Treadstone]

So 10% of the money the Hearts fans raised for the fake share issue went on giving a discount to the new Rangers?

Spot on.

Gies yer money cause we are going to fart away £100k for the sake of a few weeks.:spammy:

#allisbarry

[Part/Time Supporter]

Haven't they still got Templeton money to come?

No. Paid half in August and second half in November.

[Leithenhibby]

No. Paid half in August and second half in November.

Yaasss. :na na:

Nae rabbits left, Shirley!!..........

http://www.youtube.com/watch?v=rCZO9xeYA8g

[crash]

Excellent - That £400,000 will hopefully be straight into Vlad and co's back pocket. Surely it won't stay on these shores where Hearts can use it?

Coincidentally £400K is the figure I heard mentioned by someone with connections to Heriot Watt with respect to the rent owed to them by Hearts,although they havent till now wanted to rock the boat with their bedfellows at Riccarton,this news may well waken them from their slumber:wink:

[PatHead]

Hearts board recently attended a training course.


http://www.youtube.com/watch?v=LS70x-bQRWI

[Seveno]

Can Hector not freeze Hearts banking facilities as appears to have happened to Coventry City?

They probably need the cash to pay the March wage bill. Next years season ticket money should deal with April and May but beyond that, no-one knows. I suspect that even the gullible Yams will keep hold of their season ticket money at this stage.

Which banking facilities would those be ? The Bank of Vlad's Back Pocket ?

[Hibernia Na Eir]

They do indeed. And courtesy of Rangers they can now pay it.

I wonder which rabbit they'll pull out of the hat to cover the next big bill?

they'll stagger/lurch from week to week, month to month and no doubt finish up coming out a bucket of 5hite but smelling of roses....

That's the Hearts Way.

[Baldy Foghorn]

The merrick's Business Acumen knows no bounds......They really are desperate, and struggling to scrape money on a daily basis....How long can this charade be sustained?

[greenginger]

http://www.bbc.co.uk/sport/0/football/21539704



Looks like the Yams got the money last week and thats what paid Friday's wage bill. Tax and N I. due tomorrow if there is anything left in the kitty.

I take it , it was Chuckie Green who spilled the beans on this story. McGoo says he is in the dark !

[Saorsa]

http://www.bbc.co.uk/sport/0/football/21539704



Looks like the Yams got the money last week and thats what paid Friday's wage bill. Tax and N I. due tomorrow if there is anything left in the kitty.

I take it , it was Chuckie Green who spilled the beans on this story. McGoo says he is in the dark !He should take of those daft goggles then when the sun isnae oot :greengrin

[FranckSuzy]

He should take of those daft goggles then when the sun isnae oot :greengrin


:tee hee:

[southern hibby]

Had a preminition (Well i hope it was a preminition and not just a dream) last night that the powers that be in Scottish football were thrown into disaray because the **** got liquidated and there was nothing in the rule books to who took the cup final place. The Yams were blaming everyone except their ******ed little self's for allowing this to get so bad without addressing it sooner. GGTTH

[Ozyhibby]

Had a preminition (Well i hope it was a preminition and not just a dream) last night that the powers that be in Scottish football were thrown into disaray because the **** got liquidated and there was nothing in the rule books to who took the cup final place. The Yams were blaming everyone except their ******ed little self's for allowing this to get so bad without addressing it sooner. GGTTH

I have the same recurring premonition every night.
Wonder if the rule book will say anything about a team pumped out by 2nd Div opposition because they did not take the tournament seriously taking their place?

[southern hibby]

I have the same recurring premonition every night. Wonder if the rule book will say anything about a team pumped out by 2nd Div opposition because they did not take the tournament seriously taking their place?Not sure it will. However wonder if we could get to vote it in.We could always claim it's the end of Scottish football as we know it. Pure armegeddon like. GGTTH

[ACLeith]

Had a preminition (Well i hope it was a preminition and not just a dream) last night that the powers that be in Scottish football were thrown into disaray because the **** got liquidated and there was nothing in the rule books to who took the cup final place. The Yams were blaming everyone except their ******ed little self's for allowing this to get so bad without addressing it sooner. GGTTH

Strangely, I also had a dream the other night.

Hearts managed to struggle through to the end of the season, but were in the bottom 6

They were deducted 18 points because of UBIG/Ukio and were in a relegation dogfight

The post-split fixtures threw up the final match at Dens

They were 1 point ahead going into this match, needing a draw to survive

They lost the match 2-0

Grown men were pictured weeping openly in the stands

The SFA had appointed Craig Thomson as the ref, as they wanted Hearts to survive

The first Dundee goal was offside, but the linesman never flagged. CT therefore had to give the goal, but was so apoplectic he swallowed his whistle and had to be rushed to Ninewells. They managed to save his life but he was so traumatised by what had happened he retired as a ref. (He did renew his Hearts ST though, but lost it when they fully imploded over the summer).

PS The 2 goals were scored by good Hibbies – Nicky Riley and Colin Nish.

Sadly, as with all dreams I then wakened up. I am not one for believing dreams foretell the future, but am prepared to make an exception in this case.:greengrin

[Pete]

No more dream related posts please. They're very misleading. I had a dream we would beat hearts 3-1 in the cup final.


At least Hector is back!

[EdinMike]

No more dream related posts please. They're very misleading. I had a dream we would beat hearts 3-1 in the cup final.


At least Hector is back!

No word of a lie, but I woke myself up with a dream of Hibs playing Celtic this morning. In it Deegan went on a mazey run and smacked in from outside the box. only for it the hit the post and bounce out to Claros.

He calmly slotted it away for his first ever Hibs goal and I think I woke myself up by cheering.

...What were we talking about ?! Are they dead yet !?

[mjhibby]

Does Hector know ? That half million was ring fenced to pay the first installment of the Yams tax dodging agreement. I think the time table of payments was so the first installment would be met.

Close them down now, its being merciful, don't you know.

They really are in the stinkiest of the brown stuff if they used that money to pay wages etc.They now have that first £500,000 to pay in may and presumably they will use a good chunk of next seasons season ticket money to get through this season.If they dont make the top six then they will also lose around another half a million on what im sure they budgeted for.They are just trying to get through each month and it does now look,divine interception of some mad billionare not withstanding,on the verge of a very serious capitulation.Getting to the wee team cup final has merely stalled what now looks to be armageddon for them.Shame really that this is happening to such a fine upstanding institution. Giruy.

[greenginger]

I think they are relying on winning the Euro Millions now.

Entries with 1 and 5 featured heavily no doubt !

[JeMeSouviens]

They really are in the stinkiest of the brown stuff if they used that money to pay wages etc.They now have that first £500,000 to pay in may and presumably they will use a good chunk of next seasons season ticket money to get through this season.If they dont make the top six then they will also lose around another half a million on what im sure they budgeted for.They are just trying to get through each month and it does now look,divine interception of some mad billionare not withstanding,on the verge of a very serious capitulation.Getting to the wee team cup final has merely stalled what now looks to be armageddon for them.Shame really that this is happening to such a fine upstanding institution. Giruy.

I think they know that administration (at least) is inevitable. I may have spotted their cunning plan ...

Limp to the end of this season with as low a points total as possible. That way they start next season with only 10 points or so of a penalty. Fiendish. :wink:

[Stevie Reid]

No more dream related posts please. They're very misleading. I had a dream we would beat hearts 3-1 in the cup final.


At least Hector is back!

I had several cup final dreams in the fortnight leading up to that final. We didn't win a single one of them:boo hoo:

[Hermit Crab]

http://www.bbc.co.uk/sport/0/football/21539704



Looks like the Yams got the money last week and thats what paid Friday's wage bill. Tax and N I. due tomorrow if there is anything left in the kitty.

I take it , it was Chuckie Green who spilled the beans on this story. McGoo says he is in the dark !

According to my rangers source it was hearts that went to the rangers and asked for that amount.

[Hibernia&Alba]

I think they know that administration (at least) is inevitable. I may have spotted their cunning plan ...

Limp to the end of this season with as low a points total as possible. That way they start next season with only 10 points or so of a penalty. Fiendish. :wink:


It's like waiting for Christmas as a kid. How many more sleeps until Hearts join Rangers - if they survive at all? :greengrin

[MB62]

This all smells of total desperation from the Yams.
IMO, and that's all it is, NO INSIDE INFO, they are in a panic because, whilst the collapse of Ukio Bankas doesn't affect them, or so they claim, they see a possibility of any monies due to them e.g. the Wallace money, being nabbed in the summer by UBIG when they go bust and then have to start looking at what they can get from the Yams. If the Yams can spend any monies due now, to pay off some bills, it puts them on a slightly better footing in the summer as UBIG cannot grab the dosh if it is already spent.
They might end up without a stadium but they might have just done enough to keep their club afloat for a while longer.

[greenginger]

According to my rangers source it was hearts that went to the rangers and asked for that amount.


I can certainly believe that. However, I am also sure that the Yams would rather it had been kept quiet.


Funny how not one Media source has mentioned the £ 500,000 due to HMRC and asked how it was going to be settled.


Scotsman also says today the deal was done at the beginning of this month.

[Hermit Crab]

I can certainly believe that. However, I am also sure that the Yams would rather it had been kept quiet.


Funny how not one Media source has mentioned the £ 500,000 due to HMRC and asked how it was going to be settled.


Scotsman also says today the deal was done at the beginning of this month.

He said it was a great bit business by rangers. Not surprisingly they bit hearts hand off at the proposal.

[Sergey]

I was flabbergasted that the wages got paid this month, as by Southern's own admission, there was going to be a shortfall. I smelled a rat then and this payment by the Huns just reeks of utter desperation. It also cements the fact that their £1M share money has been *****ed.

The forthcoming season ticket revenue will probably see them until the seasons end...unless something happens that's out-with their control :aok:

There's still numerous bills outstanding and this £400k was already budgeted for in the £2M shortfall figure that was banded about back in Oct/Nov.

[clerriehibs]

I was flabbergasted that the wages got paid this month, as by Southern's own admission, there was going to be a shortfall. I smelled a rat ythen and this payment by the Huns just reeks of utter desperation. It also cements the fact that their £1M share money has been *****ed.

The forthcoming season ticket revenue will probably see them until the seasons end...unless something happens that's out-with their control :aok:

There's still numerous bills outstanding and this £400k was already budgeted for in the £2M shortfall figure that was banded about back in Oct/Nov.

Why so desperate though? What's the SPL going to do - another feeble signing ban?

[PatHead]

Think you would have to be an idiot to buy a season ticket for Hearts just now. It is obvious that this injection of funds will keep them going until the end of May but what happens then?

Any Hearts supporter with 2 brain cells should clearly see that any money raised from season tickets will be well spent before next season and for once should let their heads rule their hearts.

So much for the board being transparent when the early payment of a fee was leaked and not announced by the board.

Wonder when they shall switch off the life support machine?

[Broken Gnome]

Today's Evening News...


‘Tainted trophy’ gives Hibs hope

IT is a game that Hearts fan will remember forever – and Hibs fans just want to forget.

Last year’s Scottish Cup final between the two city rivals saw Hearts lift the trophy with a crushing 5-1 victory. Far from feeling defeated, however, Hibs fans have started dreaming of an unlikely comeback. The current financial situation of Hearts and the collapse of Vladimir Romanov’s Ukio Bankas, has a led to excitable Hibees claiming the SFA are set to overturn the cup final result and gift the trophy to the team from Leith.

It’s amazing what not winning the cup for more than 100 years will do to a support, but sadly, sporting experts have assured Talk of the Town that this will never happen.

Eh, are we really???? :confused:

[DaveF]

Today's Evening News...



Eh, are we really???? :confused:

I'm assuming that's from a fanzine type comment section rather than actual EEN 'journalism'.

[Saorsa]

Today's Evening News...



Eh, are we really???? :confused:Where the **** did they get that bull**** fae? Even if they were stripped for cheating, I wouldnae want the ****in' thing. I wonder if they've been speaking tae a 'fans representative' again? Wherever it came fae it certainly disnae represent me.

[Broken Gnome]

I'm assuming that's from a fanzine type comment section rather than actual EEN 'journalism'.

Aye it's their wee diary column. Still doesn't excuse it from being utter nonsense.

[PatHead]

Aye it's their wee diary column. Still doesn't excuse it from being utter nonsense.

I have never read any post or heard any Hibs supporter say that. The EEN gets worse.

[DaveF]

Aye it's their wee diary column. Still doesn't excuse it from being utter nonsense.

It was written by a Hearts fan. Did you expect anything else? :greengrin

[Judas Iscariot]

It was written by a Hearts fan. Did you expect anything else? :greengrin

Impossible...

[clerriehibs]

Aye it's their wee diary column. Still doesn't excuse it from being utter nonsense.

Whoever puts that *****y column together regularly has a dig at hibs; it's just bog-standard yam bitterness. His so-called humour doesn't compare to boyle the cartoonist, who is fairly even-handed.

[Broken Gnome]

It was written by a Hearts fan. Did you expect anything else? :greengrin

I expect things printed with the sole intention to wind us up to be grudingly accepeted as witty, timely and accurate - this is none of the above :greengrin

[#FromTheCapital]

Today's Evening News...



Eh, are we really???? :confused:

What a load eh pish. Everyone knows that their cup win was bought with money they didn't have and it looks like it could cost them dearly. That's enough for me, wouldn't want it overturned and I don't know of any hibbies who've said anything of the sort

[jacomo]

Where the **** did they get that bull**** fae? Even if they were stripped for cheating, I wouldnae want the ****in' thing. I wonder if they've been speaking tae a 'fans representative' again? Wherever it came fae it certainly disnae represent me.

Even if it did happen (which it won't), no Hibby would seriously consider that 2012 was the year we finally ended the long wait.

It would be funny though. :greengrin

[Russell The Dug]

Even if it did happen (which it won't), no Hibby would seriously consider that 2012 was the year we finally ended the long wait.

It would be funny though. :greengrin

Be ***** to be honest.

When hibs win the cup I want to be there and saviour the moment forever and think of it on my deathbed.

No a cup given to us after what happened last year.

**** that for a laugh.

[Seveno]

I wonder who The Rangers paid the Wallace money to ? It surely would not have gone direct to Hearts and I doubt that UBIG would have paid it into their Ukio Bankas account or the Administrator would have grabbed it to clear some of the debt.

A Swiss bank account would be my guess. :cb

[marti1875]

Wow...The EEN's shoddy stories fail me at the best of times but that one's almost left me speechless!! I've not heard of anyone, not even one Hibs fan saying this whatsoever and i know plenty and see/read plenty on here??

Now it just goes to prove they just make up whatever they want to get a reaction, that's it...anything to get a reaction and i suppose it's worked but only because it's just so ridiculous, it's actually laughable!
I just told my old boy who's 78yr old and he burst oot laughing and just shook his heid, that sums it up i think... :faf:

[Hibee87]

:faf::faf:Brilliant, and know listen to them tell us hibs fan that we want the cup stripped from them and givin to us as FACT!

[Jim44]

What a load eh pish. Everyone knows that their cup win was bought with money they didn't have and it looks like it could cost them dearly. That's enough for me, wouldn't want it overturned and I don't know of any hibbies who've said anything of the sort

To be honest I remember recently reading a couple of references to this on this forum but I think the comments were tongue n cheek and more designed to annoy Jambo visitors as opposed to a serious notion by the poster.

[Hermit Crab]

To be honest I remember recently reading a couple of references to this on this forum but I think the comments were tongue n cheek and more designed to annoy Jambo visitors as opposed to a serious notion by the poster.

Kickback will run this story, it will be in meltdown. (Again).

[Broken Gnome]

To be honest I remember recently reading a couple of references to this on this forum but I think the comments were tongue n cheek and more designed to annoy Jambo visitors as opposed to a serious notion by the poster.

This. Be a lie to say it hasn't been mentioned, but more in a 'that's what they deserve/wouldn't it be a hoot if.....' scenario rather than a realistic possibility.

Winning a cup goes hand in hand with enjoying the moment itself and taking the financial benefits after. As unique as it would be to take a cup off Hearts like that, couldn't think of any more of a worthless token gesture.

[greenginger]

Hearts should definitly be stripped of the 2012 cup winners title. There is no way Skacel came back to Hearts to play for £ 3000/week, when guys like Driver were getting £ 10,000/week.

The Evening News reported on Skacel doing a private deal with Vlad back in July 2011 to bring him back to the club and not break Hearts new wage cap. I'll bet if an examination was made of UBIG's accounts it would turn up payments to a certain Mr Rudi Skacel.

That doe not mean Hibs should get the Cup. We do not deserve it any more than any other club Hearts cheated on the way to the final.


They should be stripped of the Cup and heavily fined !........on second thoughts forget the second bit.

[Dashing Bob S]

All for the cheats being stripped of the cup, but as has been said, Hibs certainly don't deserve it. It's a Mickey Mouse competition which the Jambo's only get excited about because of our sad, jinxed record in it. If we ever prevail in this shabby wee tournament, it should be on our merits, and not because some deluded clowns have wrecked their club in the long run by cheating in the short term.

[WestEndHibee]

This. Be a lie to say it hasn't been mentioned, but more in a 'that's what they deserve/wouldn't it be a hoot if.....' scenario rather than a realistic possibility.

Winning a cup goes hand in hand with enjoying the moment itself and taking the financial benefits after. As unique as it would be to take a cup off Hearts like that, couldn't think of any more of a worthless token gesture.

When the final whistle went on that terrible day, I thought I would never forget that gut wrenching feeling that had taken over me and to be fair the whole summer I was feeling bitter and hurting. However with every passing day I am more and more grateful that I was in the Green and White end that day. The Yams have led a merry dance lapping it up while their owner was completely destroying 140 years of their beloved club.

However bad the 5-1 was, It won't hurt anywhere near a hundredth of the hurt that will come from seeing your team going down the drain. I can't believe they haven't all realised yet but soon it will dawn on them that their football team (the one thing in life that never changes) is very possibly never going to be the same again. However much I get frustrated with Hibs, I would never change them for another club and to know for sure that we will be around for a very long time is certainly worth that loss in May. I'd rather never see Hibs lift the scottish cup than see them going bust by overspending to win it.

[Treadstone]

If you are looking in EEN. How about asking a few questions on things that don't seem right to the untrained eye never mind a journalists natural inquisitive nature.

http://local.stv.tv/edinburgh/301232-footballer-rudi-skacel-taken-to-court-over-unpaid-fee-to-agent/

€190k Aye Right.:fibber:

Especially as:

http://www.bbc.co.uk/sport/0/football/18079732:I'm waiti

And I don't want the Scottish Cup handed over just natural justice.

[Cabbage East]

I don't know a single Hibby who would want the cup awarded to us. What a load of utter fiction.

[Pete]

As far as I'm concerned their 2012 cup win was already tainted and worthless because of Thomsons bias. The financial doping should confirm it for everyone.

As for getting it stripped from them...too right

Awarded to us? No thanks. Our trophies and 5-1's come fair and square.

[truehibernian]

As wee Gordon would say, I'm more concerned that I have a rather nice Yeo Valley yoghurt in my fridge about to go past its use by date, than I am about a Scottish Cup 'win' v Hearts.

Comedy gold whoever wrote it though :agree:

I was over the final the very next day and the Monday, after me and the missus booked a little getaway just in case the worst happened - had my own wee cup final win over those two days too :greengrin and my decisions, unlike Thomson's, were very much not outside the box :wink: (sorry admins)

[Treadstone]

#allisbarry

http://www.15min.lt/en/article/business/bank-of-lithuania-suspects-insider-trading-in-ukio-bankas-stocks-527-309638

[jgl07]

Have to stick up for JC here. It's not their job to comment on UBIG's compliance with the law. They are acting as HMFC's auditors and, in that respect, their report is understandable.

I am not sure what difference a reference to UBIG's non-compliance would have made.

It seems that JC are not the only auditors who appear to be too close to their clients:

http://www.guardian.co.uk/business/2013/feb/22/big-four-accountancy-competition-commission-audits

[jacomo]

To be honest I remember recently reading a couple of references to this on this forum but I think the comments were tongue n cheek and more designed to annoy Jambo visitors as opposed to a serious notion by the poster.


Kickback will run this story, it will be in meltdown. (Again).

:agree:

[bingo70]

Did I just hear mcglynns interview right? "Hammill, Grainger, zaliukas and Paterson out injured....right they're that's 5 or 6 players out and that's half a team".......erm is that not 4? 2 of which are long term injuries! In fairness he may have said other names as well but I have real difficulties making out what he says!

He was also waffling on about how good a season Paterson was having, he was playing as a striker that scored about 4 goals all season, hate to see the boy on a bad run

[GoldenEagle]

​Just released on their Facebook page.


The Foundation of Hearts today (Friday 22 February) urged Hearts supporters worldwide to get behind its scheme to bring fan ownership to the club as what it sees as some of the most crucial days in Hearts’ history are entered.

“Without doubt, the recent developments around the Lithuanian companies involved with Hearts, including the demise of Ukio Bankas, have moved things onto a different footing which brings new ownership of our club very much nearer,” said Foundation chairman Alex Mackie.

“We are therefore asking fans to go onto our website (www.foundationofhearts.org) as soon as possible and make a pledge of support.

“This is not the time for recriminations or to create division among the Hearts community but rather a unique opportunity for Hearts fans to create history by throwing their weight behind a scheme which brings meaningful responsibility to the supporters, efficient and transparent management, strong governance, control of football matters handed to the right people, an emphasis on youth development, financial growth, and real Hearts people leading the way.

“The Foundation has been working diligently for this moment and has brought together a skilled team of business and financial experts – all Hearts supporters – as well as the two largest fans groups, the Federation of Hearts Supporters Clubs and the Heart of Midlothian Shareholders Association.

“This is a great team which has the interests of the club and the supporters at its heart, can deliver on behalf of the fans, and will provide the platform for a strong future for our club. We have already had great backing from fans. Now, as we move into this crucial final period, we need others to look closely at what we are proposing (the details are on our website) and hopefully give us their backing.

“This really is the time for Hearts fans to make history and open a magnificent new chapter in the story of our club.”

[SmashinGlass]

​Just released on their Facebook page.


The Foundation of Hearts today (Friday 22 February) urged Hearts supporters worldwide to get behind its scheme to bring fan ownership to the club as what it sees as some of the most crucial days in Hearts’ history are entered.

“Without doubt, the recent developments around the Lithuanian companies involved with Hearts, including the demise of Ukio Bankas, have moved things onto a different footing which brings new ownership of our club very much nearer,” said Foundation chairman Alex Mackie.

“We are therefore asking fans to go onto our website (www.foundationofhearts.org) as soon as possible and make a pledge of support.

“This is not the time for recriminations or to create division among the Hearts community but rather a unique opportunity for Hearts fans to create history by throwing their weight behind a scheme which brings meaningful responsibility to the supporters, efficient and transparent management, strong governance, control of football matters handed to the right people, an emphasis on youth development, financial growth, and real Hearts people leading the way.

“The Foundation has been working diligently for this moment and has brought together a skilled team of business and financial experts – all Hearts supporters – as well as the two largest fans groups, the Federation of Hearts Supporters Clubs and the Heart of Midlothian Shareholders Association.

“This is a great team which has the interests of the club and the supporters at its heart, can deliver on behalf of the fans, and will provide the platform for a strong future for our club. We have already had great backing from fans. Now, as we move into this crucial final period, we need others to look closely at what we are proposing (the details are on our website) and hopefully give us their backing.

“This really is the time for Hearts fans to make history and open a magnificent new chapter in the story of our club.”

So, in other words, this meeting with the Scandinavian "investors" either (a) Never happened; or (b) Did not go well :greengrin :confused:

[green glory]

​Just released on their Facebook page.

The Foundation of Hearts today (Friday 22 February) urged Hearts supporters worldwide to get behind its scheme to bring fan ownership to the club as what it sees as some of the most crucial days in Hearts’ history are entered.

“Without doubt, the recent developments around the Lithuanian companies involved with Hearts, including the demise of Ukio Bankas, have moved things onto a different footing which brings new ownership of our club very much nearer,” said Foundation chairman Alex Mackie.

“We are therefore asking fans to go onto our website (www.foundationofhearts.org) as soon as possible and make a pledge of support.

“This is not the time for recriminations or to create division among the Hearts community but rather a unique opportunity for Hearts fans to create history by throwing their weight behind a scheme which brings meaningful responsibility to the supporters, efficient and transparent management, strong governance, control of football matters handed to the right people, an emphasis on youth development, financial growth, and real Hearts people leading the way.

“The Foundation has been working diligently for this moment and has brought together a skilled team of business and financial experts – all Hearts supporters – as well as the two largest fans groups, the Federation of Hearts Supporters Clubs and the Heart of Midlothian Shareholders Association.

“This is a great team which has the interests of the club and the supporters at its heart, can deliver on behalf of the fans, and will provide the platform for a strong future for our club. We have already had great backing from fans. Now, as we move into this crucial final period, we need others to look closely at what we are proposing (the details are on our website) and hopefully give us their backing.

“This really is the time for Hearts fans to make history and open a magnificent new chapter in the story of our club.”

'Final Period'.

That's giving me a feathery feeling at the base of my stomach.

[bingo70]

So, in other words, this meeting with the Scandinavian "investors" either (a) Never happened; or (b) Did not go well :greengrin

I "almost" feel sorry for Foh, they mean well and I'm sure they're really keen to run hearts properly and within their means they've just absolutely nae cash!

They'll get there wish eventually though when they start again in the 3rd division next year.

[Top Pans Hibby]

Wonder how much Cash Converters would give them for the Scottish?

[Hibeesforever]

'Final Period'.

That's giving me a feathery feeling at the base of my stomach.

If these jokers are so committed to fan ownership, should their routine not be boycott Tynecastle, let the club go into liquidation and then re-form ?
Certianly not fall for the Scotsman, Evening News and official Heart of Midlothian F.C. propaganda by buying season tickets.

Their supporters are so confused, they always seem to follow the guidance from Hibs.net. I am now going to contribute to their website and commit myself to helping their cause and desire for fan ownership by boycotting Tynecastle myself.

:flag:

[Ozyhibby]

There's a hint of panic about that statement. Their talking of days now instead of weeks and months.
I think they are just setting themselves up main contenders to start a new club.

[SmashinGlass]

I "almost" feel sorry for Foh, they mean well and I'm sure they're really keen to run hearts properly and within their means they've just absolutely nae cash!

They'll get there wish eventually though when they start again in the 3rd division next year.

Ha, I like it! Almost feel sorry for them. If it wasn't for the fact that it is a vile, disgusting institution they were trying to save, I might feel sorry for them too. However, I don't :greengrin

[Ozyhibby]

If these jokers are so committed to fan ownership, should their routine not be boycott Tynecastle, let the club go into liquidation and then re-form ?
Certianly not fall for the Scotsman, Evening News and official Heart of Midlothian F.C. propaganda by buying season tickets.

Their supporters are so confused, they always seem to follow the guidance from Hibs.net. I am now going to contribute to their website and commit myself to helping their cause and desire for fan ownership by boycotting Tynecastle myself.

:flag:

I wouldn't do that. They will be using those pledges as a way of sourcing some start up capital. No point in helping them out.

[DC_Hibs]

Aaah, (Without) Foundation. Been going 2 years apparently and they have achieved the square root of fek all.

Without desire to invest a penny it seems.

More hot air with still no substance then.

[Sergey]

I've just agreed to pledge another £100 per month to their cause. :aok:

[DC_Hibs]

sourcing some start up capital.

Aye, coz it will come rolling in right enough.

[Kato]

​Just released on their Facebook page.


The Foundation of Hearts today (Friday 22 February) urged Hearts supporters worldwide to get behind its scheme to bring fan ownership to the club as what it sees as some of the most crucial days in Hearts’ history are entered.

“Without doubt, the recent developments around the Lithuanian companies involved with Hearts, including the demise of Ukio Bankas, have moved things onto a different footing which brings new ownership of our club very much nearer,” said Foundation chairman Alex Mackie.

“We are therefore asking fans to go onto our website (www.foundationofhearts.org) as soon as possible and make a pledge of support.

“This is not the time for recriminations or to create division among the Hearts community but rather a unique opportunity for Hearts fans to create history by throwing their weight behind a scheme which brings meaningful responsibility to the supporters, efficient and transparent management, strong governance, control of football matters handed to the right people, an emphasis on youth development, financial growth, and real Hearts people leading the way.

“The Foundation has been working diligently for this moment and has brought together a skilled team of business and financial experts – all Hearts supporters – as well as the two largest fans groups, the Federation of Hearts Supporters Clubs and the Heart of Midlothian Shareholders Association.

“This is a great team which has the interests of the club and the supporters at its heart, can deliver on behalf of the fans, and will provide the platform for a strong future for our club. We have already had great backing from fans. Now, as we move into this crucial final period, we need others to look closely at what we are proposing (the details are on our website) and hopefully give us their backing.

“This really is the time for Hearts fans to make history and open a magnificent new chapter in the story of our club.”

LET THE BAKING COMMENCE!!

Tho' something tells me they're not going to fairy cake their way out of this one.

[hibs0666]

​Just released on their Facebook page.


The Foundation of Hearts today (Friday 22 February) urged Hearts supporters worldwide to get behind its scheme to bring fan ownership to the club as what it sees as some of the most crucial days in Hearts’ history are entered.



I find this group quite creepy. These guys are looking at the yaks to pledge their money, yet the only individuals that prepared to be named and shamed are the frontman, Ford and Medals. :confused:

[jodjam]

LET THE BAKING COMMENCE!!

Tho' something tells me they're not going to fairy cake their way out of this one.

Gentlemen. Start your ovens!

[ronaldo7]

​Just released on their Facebook page.


The Foundation of Hearts today (Friday 22 February) urged Hearts supporters worldwide to get behind its scheme to bring fan ownership to the club as what it sees as some of the most crucial days in Hearts’ history are entered.

“Without doubt, the recent developments around the Lithuanian companies involved with Hearts, including the demise of Ukio Bankas, have moved things onto a different footing which brings new ownership of our club very much nearer,” said Foundation chairman Alex Mackie.

“We are therefore asking fans to go onto our website (www.foundationofhearts.org) as soon as possible and make a pledge of support.

“This is not the time for recriminations or to create division among the Hearts community but rather a unique opportunity for Hearts fans to create history by throwing their weight behind a scheme which brings meaningful responsibility to the supporters, efficient and transparent management, strong governance, control of football matters handed to the right people, an emphasis on youth development, financial growth, and real Hearts people leading the way.

“The Foundation has been working diligently for this moment and has brought together a skilled team of business and financial experts – all Hearts supporters – as well as the two largest fans groups, the Federation of Hearts Supporters Clubs and the Heart of Midlothian Shareholders Association.

“This is a great team which has the interests of the club and the supporters at its heart, can deliver on behalf of the fans, and will provide the platform for a strong future for our club. We have already had great backing from fans. Now, as we move into this crucial final period, we need others to look closely at what we are proposing (the details are on our website) and hopefully give us their backing.

“This really is the time for Hearts fans to make history and open a magnificent new chapter in the story of our club.”


Fester's wife will have to take a second job:wink:

[jgl07]

I wonder who The Rangers paid the Wallace money to ? It surely would not have gone direct to Hearts and I doubt that UBIG would have paid it into their Ukio Bankas account or the Administrator would have grabbed it to clear some of the debt.

A Swiss bank account would be my guess. :cb

Used fivers in a suitcase at Harthill Services?

[livi hibs 1875]

Gentlemen. Start your ovens!

That is brilliant :thumbsup:
Ggtth . New poster on the block here .usually just read but loving the read and thought id say hi :pfgwa

[Mikey]

I've just agreed to pledge another £100 per month to their cause. :aok:

We all should. The more they think they're getting the better :greengrin

[fat freddy]

hearts to be stripped of cup and the old lump of silver awarded to hibs???..no thanks, i'd rather we won it on merit

hearts remind me of a chavvy family from wester hailles...they have a 4x4 sitting outside their rented flat and they're dripping with bling...they have no insurance policy or pension and they're in arrears on their rent.. they spend their days living it up with no worries about the future...they borrow vast sums every year to take the family on holiday to florida which they enjoy boasting about to their mates in the pub...they spend everything they get and totally live for the day but their future is sure to be rocky unless they win the lottery for which they buy 5 tickets every week

hibs are close to completing their mortgage payments on their bungalow in craigentinny and they have a wee stash set aside for their kids future...they drive an economic car but often use public transport...they have no outward signs of wealth and no status symbol items to show for their hard work...they are comfortable, content and their future is assured through good housekeeping and hard work..they holiday in their small cottage in the highlands which they rent out for the rest of the year which has helped to pay it off completely...they dont gamble as they dont have to and they think it would be foolhardy to take risks with their childrens inheritance.

[Hibeesforever]

I wouldn't do that. They will be using those pledges as a way of sourcing some start up capital. No point in helping them out.

I can't stop laughing......have you ever tried to go and borrow money by placing an internet electronic pledge down as collateral!!!!

This football club are an embarrassment to themselves and the financial credibility of the good Scottish Capital city of Edinburgh.

Can someone ask the City of Edinburgh councillors when they are going to ask Mr Romanov to sell one of the St. Andrews square properties that he owns ?

My understanding is that there are council rates outstanding and his game of Mafia monopoly has worn tiresome and the city's residents patience is wearing thin.

When the Business rates money comes in, Leith Walk can afford to get a makeover. I sense there is going to be a lot of extra demand in that area of town in future years from fans who wish to watch top flight and European football.

Only demand in Gorgie will be for bulldozers to rid the locality of early twentieth century asbestos and return the site to parkland.

[#FromTheCapital]

I wonder how well their bake sales will fare this time around when they have Krispy Kreme donuts to compete with. Everyone seems to be splashing their hard earned on the donuts these days.

[Ozyhibby]

I can't stop laughing......have you ever tried to go and borrow money by placing an internet electronic pledge down as collateral!!!!

This football club are an embarrassment to themselves and the financial credibility of the good Scottish Capital city of Edinburgh.

Can someone ask the City of Edinburgh councillors when they are going to ask Mr Romanov to sell one of the St. Andrews square properties that he owns ?

My understanding is that there are council rates outstanding and his game of Mafia monopoly has worn tiresome and the city's residents patience is wearing thin.

When the Business rates money comes in, Leith Walk can afford to get a makeover. I sense there is going to be a lot of extra demand in that area of town in future years from fans who wish to watch top flight and European football.

Only demand in Gorgie will be for bulldozers to rid the locality of early twentieth century asbestos and return the site to parkland.

Aken, as soon as it sent it I knew it was stupid. I just hate the thought of even giving them some hope.

[Hibeesforever]

No. 42 To Let
Ukio Bankas Investment Group to try and rent out former RBS headquarters at 42 St Andrew Square and its old offices at 38-52 West Register Street as offices while he waits for planning permission to transform them. Purchased by the Hearts owner Vladimir Romanov for around £20m in 2007 the intention is for a mix of hotel and retail. Certainly a hotel makes sense for the imposing No.42.

A spokesman stated "We are working with top hotel brands, architects and consultants and all involved are determined to deliver a project which will maintain the strategic importance of 42 St Andrew Square. This is a massive project for us and we want to ensure we get it right."

Old news, although one of the other assets that Mr Romanov did or does own in the city.

I don't know how business or politics work but it is not unreasonable to think that if one of his other projects is losing a lot of money and owes funds to tax authorities and city residents then the proceeds from this, or another asset in the city, could be realised to clear his liabilities.

I welcome foreign investment to Scotland's capital city. However, I am displeased when it appears that councillors are complicit in financing some suspicious mafia monopoly scheme of ownership to enable an overseas entrepreneur take possession of a real national building treasure.

Quite simple for the councillors (and members of the Scottish Parliament) to work out. I am expecting that all business rates are fully up to date on this and other buildings owned by Mr Vladimir Romanov in the city?

Is this information publicly available ?

:cb

[Hibeesforever]

Aken, as soon as it sent it I knew it was stupid. I just hate the thought of even giving them some hope.

Puff them up even more, the fall will be even bigger and the Leith party longer.
On every front time is running out. Politically and economically I sense that severe negative damage is being done to the city's economic and governance credibility. Their local Edinburgh auditors are now being slammed for being complicit as well.
The fact that the country's First Minister allegedly supports Heart of Midlothian means that there will be a very real desire to end the inference of mutual interest between Mr Romanov and Mr Salmond. Edinburgh's City Councillors are beyond salvation. Doubt that there would be anything untoward but it does not sit well for our fledgling Scottish parliament.
The more revelations that come out of Lithuania, the more potential there is for questions to be asked why nobody seemed to do anything to prevent another venerable Scottish institution from going bankrupt.
As is evident from what has been going on in the financial world of UBIG and Ukios Bankas, there is a lot more to it than just football........ prior to the cowboys taking control, our banking was the best in the world. Hence buildings like 42 St. Andrews Square being built.
I do hope that this tiresome Heart of Midlothian supporting Lithuanian man is sent packing from the streets of Edinburgh soon.

Son of Hearts can then re-form in the bottom tier of Scottish football and our game can move forward. There could be long wait for meaningful derbies but you reap what you sow and Heart of Midlothian have only brought it upon themselves.

Spartans vs Son of Hearts in the East of Scotland league would draw a big crowd.

[Bostonhibby]

So, in other words, this meeting with the Scandinavian "investors" either (a) Never happened; or (b) Did not go well :greengrin :confused:

To be fair on these "investors" it is perfectly possible they fell into the same trap as the much revered "Mr" Romanov and they were somehow misled about what they thought they were getting involved in and how it all worked. Here's a quote from the Dear Leader in the Daily Mash just around the time various believers were swallowing the pill.

Home Sport 'I THOUGHT I'D BOUGHT A CHAIN OF GARDEN CENTRES' - ROMANOV 'I THOUGHT I'D BOUGHT A CHAIN OF GARDEN CENTRES' - ROMANOV

HEART of Midlothian chairman Vladimir Romanov has admitted that he bought the club after a "catastrophic mistranslation" during a meeting in Edinburgh two years ago.

After parting with a fiver The Lithuanian tycoon is now in discussions with his legal team and is certain to sell his majority shareholding.

Mr Romanov said: "I employed Graham Rix because, as far as I was aware, he had been assistant manager of Dobbies in Kinross."
"Then he starts phoning me up telling me that 'training had gone well' but that we 'needed a new playmaker, someone who could put their foot on the ball and control the pace of the game'. I thought he was a nutter so I sacked him.

"I then brought in one of my own people but within a fortnight he was sending me emails about an argument he was having with someone called Walter Smith over the availability of someone called Paul Hartley. I told everyone he had pneumonia and then shipped him off to a mental hospital near Vilnius.

"Now it turns out that Heart of Midlothian is not a medium sized chain of garden centres with branches in Bathgate, Dalkeith, Musselburgh and Galashiels, but is in fact a football club - one of the biggest in Scotland, if not the world.

"Well that's no use to me. I know nothing about football. But when it comes to running garden centres I'm a bloody genius. Organic, peat-free compost - two bags for a fiver. Freshly cut turf at three-fifty a square yard. That'll shift it."

[hibee_nation]

I have done my bit, £100 a month they will never get pledged. Hope this helps to ease their pain. :spammy::angeldevi

[Bostonhibby]

I have done my bit, £100 a month they will never get pledged. Hope this helps to ease their pain. :spammy::angeldevi

Me too, and there's many just like us, but surely we cannot just keep on giving :greengrin. Can't wait till they add it all up, mind you there's yamanomics to factor in, and they are(or is it were) owned by a big bank you know, so everything should be barry....... my representative is thinking of pledging another couple of million on my behalf tomorrow.

[jabis]

hearts to be stripped of cup and the old lump of silver awarded to hibs???..no thanks, i'd rather we won it on merit

hearts remind me of a chavvy family from wester hailles...they have a 4x4 sitting outside their rented flat and they're dripping with bling...they have no insurance policy or pension and they're in arrears on their rent.. they spend their days living it up with no worries about the future...they borrow vast sums every year to take the family on holiday to florida which they enjoy boasting about to their mates in the pub...they spend everything they get and totally live for the day but their future is sure to be rocky unless they win the lottery for which they buy 5 tickets every week

hibs are close to completing their mortgage payments on their bungalow in craigentinny and they have a wee stash set aside for their kids future...they drive an economic car but often use public transport...they have no outward signs of wealth and no status symbol items to show for their hard work...they are comfortable, content and their future is assured through good housekeeping and hard work..they holiday in their small cottage in the highlands which they rent out for the rest of the year which has helped to pay it off completely...they dont gamble as they dont have to and they think it would be foolhardy to take risks with their childrens inheritance.

:applause:

[The Green Goblin]

Maybe their plan to get money from their recently dead fans (remember that?) might also help out. Bake sales and virtual pledges only go so far...it seems that Hearts fans really are quite literally the life blood of the club.

[itslegaltender]

Puff them up even more, the fall will be even bigger and the Leith party longer.
On every front time is running out. Politically and economically I sense that severe negative damage is being done to the city's economic and governance credibility. Their local Edinburgh auditors are now being slammed for being complicit as well.
The fact that the country's First Minister allegedly supports Heart of Midlothian means that there will be a very real desire to end the inference of mutual interest between Mr Romanov and Mr Salmond. Edinburgh's City Councillors are beyond salvation. Doubt that there would be anything untoward but it does not sit well for our fledgling Scottish parliament.
The more revelations that come out of Lithuania, the more potential there is for questions to be asked why nobody seemed to do anything to prevent another venerable Scottish institution from going bankrupt.
As is evident from what has been going on in the financial world of UBIG and Ukios Bankas, there is a lot more to it than just football........ prior to the cowboys taking control, our banking was the best in the world. Hence buildings like 42 St. Andrews Square being built.
I do hope that this tiresome Heart of Midlothian supporting Lithuanian man is sent packing from the streets of Edinburgh soon.

Son of Hearts can then re-form in the bottom tier of Scottish football and our game can move forward. There could be long wait for meaningful derbies but you reap what you sow and Heart of Midlothian have only brought it upon themselves.

Spartans vs Son of Hearts in the East of Scotland league would draw a big crowd.

Wouldn't happen.


Spartans are in the top tier of East of Scotland!

[HUTCHYHIBBY]

:applause:

The analogy is all very good in the real world, but, football is all about winning although they've obviously pushed the boat out way too far in an effort to do so.

[Dashing Bob S]

A Hearts spokesman said: "we're looking to model ourselves on a business that provides a desirable product that the people want, and at a reasonable cost. A place where real football folk with a genuine knowledge of the game can gather to discuss with passion the issues that effect us all. This business, is of course, Greggs. We'll be looking closely at their product range over the next few weeks."

[M6hibee]

So, for us people scratching our heads wondering what is happening, can anyone summarise what the current state of play is in language that is idiot proof for people like me?

[Sergey]

A Hearts spokesman said: "we're looking to model ourselves on a business that provides a desirable product that the people want, and at a reasonable cost. A place where real football folk with a genuine knowledge of the game can gather to discuss with passion the issues that effect us all. This business, is of course, Greggs. We'll be looking closely at their product range over the next few weeks."

Very good, Bob...but this really isn't the time to be cracking unsympathetic jokes :fibber:

[magpie1892]

Can someone ask the City of Edinburgh councillors when they are going to ask Mr Romanov to sell one of the St. Andrews square properties that he owns ?



Sure, they can ask, but:


Are they even his to sell any more
Comm. prop is through the floor at the moment. Virtually the whole of St Andrew Sq is up for grabs - the Scottish Provident building is enormous, the East side basically has RBoS, who are desperate to offload, the West side has pop-up offices starting at £45/wk for a 'cubicle' with Internet access.


You can't sell if no-one's buying.

EDIT: meanwhile.... http://www.heraldscotland.com/news/home-news/hearts-owner-embroiled-in-bank-payroll-scandal.20310267

[poolman]

I have done my bit, £100 a month they will never get pledged. Hope this helps to ease their pain. :spammy::angeldevi


Just another begging letter to go with the rest :agree:

£100 pledged by me as well :greengrin

Cant wait for my e-mail updates :greengrin

[Bostonhibby]

Just another begging letter to go with the rest :agree:

£100 pledged by me as well :greengrin

Cant wait for my e-mail updates :greengrin

Come on, surely we can manage more than this, its not as if we are a shower of cake bakers who don't pay our way, we have to give them hope. I am aware of several much larger pledges from their friends in the south :greengrin Mind you I don't think they have heard anything yet either.

[WestEndHibee]

The analogy is all very good in the real world, but, football is all about winning although they've obviously pushed the boat out way too far in an effort to do so.

I don't think football is ALL about winning. It is a goal in football but I certainly don't support Hibs because they win! I support them because my Dad did and he brought me up to. There's heritage and community in football. I'd rather be able to support my team for the rest of my days than see them win big for 10 then collapse.

[macca70]

So, for us people scratching our heads wondering what is happening, can anyone summarise what the current state of play is in language that is idiot proof for people like me?

UKIO are bust and going doon the pan as we speak/type, Romanov doesnae have a pot to pee in, Hearts raking in as much as they can now, including trying to sell season ticks for next year so they can send it back to Lithuania before the Jamboids go moobs up.

[Spike Mandela]

http://www.heraldscotland.com/news/home-news/hearts-owner-embroiled-in-bank-payroll-scandal.20310267

VLADIMIR Romanov is at the centre of a new scandal in Lithuania after it emerged his sister was given a large salary at his insolvent bank as it slid into financial meltdown.

VLADIMIR Romanov is at the centre of a new scandal in Lithuania after it emerged his sister was given a large salary at his insolvent bank as it slid into financial meltdown.
Custom byline text: brian donnelly
Hearts are in a dire financial position and the collapse of owner Romanov's Ukio Bankas in his homeland has led to renewed fears over the football club's future.

After details emerged of the payroll at Romanov's bank, the controversial businessman is under further pressure.

Contextual targeting label: Finance

A Lithuanian TV documentary uncovered evidence that Tynecastle chief Romanov paid his sister Olga Gonaruk a monthly salary of £11,275 – enormous by Lithuanian standards – for being "head of administration".

It also emerged that Romanov's bank paid for her exotic holidays over the years to places including Brazil to watch the World Basketball Championships.

However, his sister had her assets seized last month, which included an enormous house and vast amounts of land, along with two properties in Vilnius.

The documentary revealed that several other Romanov family members and friends were paid vast sums from his Ukio bank, before it finally hit the rocks this week.

When questioned about the payments, the Hearts chief snapped: "Listen, you can go to hell."

Ukio Bankas administrator Adam Audickas said: "I can't confirm the actual wage figures to the people concerned, but it is in the region that has been mentioned.

"I don't want to comment any further."

Mr Audickas also declined to reveal details of the relationship between Ukio Bankas and sister company UBIG, owner of Hearts.

[#FromTheCapital]

So basically he was paying the likes of David obua, Christian Nade and Laryea Kingston more than he was paying his own sister. For shame vlad for shame

[Dashing Bob S]

http://www.heraldscotland.com/news/home-news/hearts-owner-embroiled-in-bank-payroll-scandal.20310267

VLADIMIR Romanov is at the centre of a new scandal in Lithuania after it emerged his sister was given a large salary at his insolvent bank as it slid into financial meltdown.

VLADIMIR Romanov is at the centre of a new scandal in Lithuania after it emerged his sister was given a large salary at his insolvent bank as it slid into financial meltdown.
Custom byline text: brian donnelly
Hearts are in a dire financial position and the collapse of owner Romanov's Ukio Bankas in his homeland has led to renewed fears over the football club's future.

After details emerged of the payroll at Romanov's bank, the controversial businessman is under further pressure.

Contextual targeting label: Finance

A Lithuanian TV documentary uncovered evidence that Tynecastle chief Romanov paid his sister Olga Gonaruk a monthly salary of £11,275 – enormous by Lithuanian standards – for being "head of administration".

It also emerged that Romanov's bank paid for her exotic holidays over the years to places including Brazil to watch the World Basketball Championships.

However, his sister had her assets seized last month, which included an enormous house and vast amounts of land, along with two properties in Vilnius.

The documentary revealed that several other Romanov family members and friends were paid vast sums from his Ukio bank, before it finally hit the rocks this week.

When questioned about the payments, the Hearts chief snapped: "Listen, you can go to hell."

Ukio Bankas administrator Adam Audickas said: "I can't confirm the actual wage figures to the people concerned, but it is in the region that has been mentioned.

"I don't want to comment any further."

Mr Audickas also declined to reveal details of the relationship between Ukio Bankas and sister company UBIG, owner of Hearts.

This article for me is the game-changer. It 'heralds' (pun intended) the start of journalists changing their approach to reporting on Hearts/Romanov from sympathetic/neutral to really scenting blood. I'm sure that a lot more investigation is going to be taking place and a lot of awkward questions will be asked. This is turn, puts pressure on authorties both here and in Lithuania to reveal exactly how Hearts have been financed over the Romanov era.

I suspect this will get more and more messy, and it won't be good for Hearts. The Rangers precedent will then surely force the footballing authorities to take punitive action against the club.

There are two big obstacles for Hearts to overcome; 1) retain some sort of asset base (stadium, contracts) in any sale of the club as a set of assets, and 2) avoid Rangers-level sanctions, which are much more serious for Hearts, who won't walk through the leagues in the same way, particularly if they don't retain the assets as Rangers did.

If I was a Hearts fan, I'd be worried.

[TowerHibs]

I know for a fact that,David Obua was paid between £32k and £51k a month depending on appearances and win bonuses etc.

No idea how they are in the mess they're in

[macca70]

Thought the SFA rules stated that club owners should be 'Fit and Proper', this is clear evidence Romanov is far from being 'Fit and Proper'.

Or does that rule only apply to buying a club then you can be as corrupt as you want?

[Hibernia&Alba]

I just had a quick look at the Hunchback forum for the first time in months, and it makes for beautiful reading. Bottom lips are wobbling all over the place :fenlon

[bingo70]

I just had a quick look at the Hunchback forum for the first time in months, and it makes for beautiful reading. Bottom lips are wobbling all over the place :fenlon

Really? They must be in the **** if even those clowns are realising it!

[Www1875hfc]

9394

[Hibernia&Alba]

Really? They must be in the **** if even those clowns are realising it!


Aye, it looks like the penny has finally dropped with the maroon masterminds. In fairness, some of them are pledging to help out the club on giro day.

[Hermit Crab]

I just had a quick look at the Hunchback forum for the first time in months, and it makes for beautiful reading. Bottom lips are wobbling all over the place :fenlon

#allisbarry surely??

[cocopops1875]

Dunno if this little gem has been mentioned on here :greengrin

Some Jambo Roasters rallying call to fill out the dump ends with this interesting wee snippet,

"Last point, we accepted a settlement from Rangers this week that saw us write off £100k and yet we couldn't afford a grand for Stevos appeal. Our cashflow must be at an all time low, and that's saying something. Now, a chunk of income that would undoubtedly have been used after the season ended to help us get through the lean off season months has been used early. Would this have been necessary if we had been filling Tynie? I don't know for sure but the chances would have been largely reduced. We're well and truly in the ****, and we need to do something. Let's start by getting the Old lady rocking today"

Didnt Know this :thumbsup:

[Hermit Crab]

Dunno if this little gem has been mentioned on here :greengrin

Some Jambo Roasters rallying call to fill out the dump ends with this interesting wee snippet,

"Last point, we accepted a settlement from Rangers this week that saw us write off £100k and yet we couldn't afford a grand for Stevos appeal. Our cashflow must be at an all time low, and that's saying something. Now, a chunk of income that would undoubtedly have been used after the season ended to help us get through the lean off season months has been used early. Would this have been necessary if we had been filling Tynie? I don't know for sure but the chances would have been largely reduced. We're well and truly in the ****, and we need to do something. Let's start by getting the Old lady rocking today"

Didnt Know this :thumbsup:

Well they better not rock her too much or that main stand will come down.

[rcarter1]

Well they better not rock her too much or that main stand will come down.

:tee hee:

[cocopops1875]

Well they better not rock her too much or that main stand will come down.

That Would be A Shame HC :faf: and then they would have to get hold of :nade: to help clear up :greengrin

[Bostonhibby]

Dunno if this little gem has been mentioned on here :greengrin

Some Jambo Roasters rallying call to fill out the dump ends with this interesting wee snippet,

"Last point, we accepted a settlement from Rangers this week that saw us write off £100k and yet we couldn't afford a grand for Stevos appeal. Our cashflow must be at an all time low, and that's saying something. Now, a chunk of income that would undoubtedly have been used after the season ended to help us get through the lean off season months has been used early. Would this have been necessary if we had been filling Tynie? I don't know for sure but the chances would have been largely reduced. We're well and truly in the ****, and we need to do something. Let's start by getting the Old lady rocking today"

Didnt Know this :thumbsup:

Pleasing that one or two are beginning to realise far too late but a bit concerning that they have now turned their attentions to old ladies as well, whatever next.

I don't think they have cashflow its more of a diverted stream, some certainly comes in and weighed against all that isn't being paid they should probably be showing a healthy profit but we all know where thats going, at least until after the wee cup final.

[Geo_1875]

Dunno if this little gem has been mentioned on here :greengrin

Some Jambo Roasters rallying call to fill out the dump ends with this interesting wee snippet,

"Last point, we accepted a settlement from Rangers this week that saw us write off £100k and yet we couldn't afford a grand for Stevos appeal. Our cashflow must be at an all time low, and that's saying something. Now, a chunk of income that would undoubtedly have been used after the season ended to help us get through the lean off season months has been used early. Would this have been necessary if we had been filling Tynie? I don't know for sure but the chances would have been largely reduced. We're well and truly in the ****, and we need to do something. Let's start by getting the Old lady rocking today"

Didnt Know this :thumbsup:

Their world is falling down around their ears and they still have delusions of grandeur. They just can't help themselves.

[Golden Bear]

Dunno if this little gem has been mentioned on here :greengrin

Some Jambo Roasters rallying call to fill out the dump ends with this interesting wee snippet,

"Last point, we accepted a settlement from Rangers this week that saw us write off £100k and yet we couldn't afford a grand for Stevos appeal. Our cashflow must be at an all time low, and that's saying something. Now, a chunk of income that would undoubtedly have been used after the season ended to help us get through the lean off season months has been used early. Would this have been necessary if we had been filling Tynie? I don't know for sure but the chances would have been largely reduced. We're well and truly in the ****, and we need to do something. Let's start by getting the Old lady rocking today"

Didnt Know this :thumbsup:

Ah well I suppose granny molesting will be a change from their normal standards.

[Sweet Left Peg]

I know for a fact that,David Obua was paid between £32k and £51k a month depending on appearances and win bonuses etc.

No idea how they are in the mess they're in

Staggering. And he wouldn't have been the only one either.

[HUTCHYHIBBY]

I don't think football is ALL about winning. It is a goal in football but I certainly don't support Hibs because they win! I support them because my Dad did and he brought me up to. There's heritage and community in football. I'd rather be able to support my team for the rest of my days than see them win big for 10 then collapse.

I'm a Hibs man for the same reason as you, still think winning is THE goal of the sport though.

[The_Todd]

Oh come on, everyone. We all know "The Scandinavians" are going to fix it all.

[Alex Trager]

Oh come on, everyone. We all know "The Scandinavians" are going to fix it all.

Hahaha apparently some consortium is coming in. Sorry boys, no no.

YOURE GOING,
THE HEARTS ARE GOING BUST, YOURE GOING BUST, YOURE GOING!

[HiBremian]

Bit of a laugh on Radio Scotland right now.

Jambo Martin Geysler (?): "We've been a condemned man for a while now".

Reply: "When you did go to the electric chair, when could Scottish Power expect to be paid?"

:greengrin

[M6hibee]

UKIO are bust and going doon the pan as we speak/type, Romanov doesnae have a pot to pee in, Hearts raking in as much as they can now, including trying to sell season ticks for next year so they can send it back to Lithuania before the Jamboids go moobs up.

That does for me, much obliged

[marti1875]

Oh come on, everyone. We all know "The Scandinavians" are going to fix it all.

:greengrin Is this the same bunch of guys who happened to study here in Edinburgh and now just seem to fancy owning/running a foottie club?? Basically not got a pot to piss in either, just like this FOH crowd...in fact i'm sure FOH completely dismissed them at the time and said they would not be looking to talk to them....now suddenly they seem like they're falling over themselves to get them "on board"...weird bunch they are...:greengrin

[greenginger]

:greengrin Is this the same bunch of guys who happened to study here in Edinburgh and now just seem to fancy owning/running a foottie club?? Basically not got a pot to piss in either, just like this FOH crowd...in fact i'm sure FOH completely dismissed them at the time and said they would not be looking to talk to them....now suddenly they seem like they're falling over themselves to get them "on board"...weird bunch they are...:greengrin


No, no, no, you've got it all wrong. These guys own Ikea, Tetra Pack , and they've got a Finn pal owns Nokia.

You've got to read Kickback to get the real story.

[marti1875]

No, no, no, you've got it all wrong. These guys own Ikea, Tetra Pack , and they've got a Finn pal owns Nokia.

You've got to read Kickback to get the real story.

Oh it's THEM...please excuse my ignorance :greengrin

Right enough as there's no way they'd ever be talking to people who had no clue or no real money and would just be wanting to use their club as some sort of toy or hobby is there?...i'm so stupid...:wink: :greengrin

[Off the bar]

No, no, no, you've got it all wrong. These guys own Ikea, Tetra Pack , and they've got a Finn pal owns Nokia.

You've got to read Kickback to get the real story.

if it was the Tetra pack guy he has the sort of drug habit that buying hearts might make sense to him!

[Hal Jordan]

Oh come on, everyone. We all know "The Scandinavians" are going to fix it all.

It's quite touching, really, but I'd say about 99% of Danes and about 50% of Danish football fans have no idea who Hearts even are. :agree:

[Just Alf]

Sounds like they're already breaking........

From the Savile's brokeback





Managed to persuade my brother in law to return for 1st time in over a year... He took my niece and nephew as well (9 & 11)


Apparently there was a fight or summat near them in the Gorgie and guess what?

The kids have no desire to come back ...... Ever......

:-(



If the amount of infighting in Kickback this week and the fighting/scarf throwing shenanigans of last week is anything to go by, sitting in the stands at Tynecastle will be brutal this afternoon. The atmosphere is going to be poisonous.


:D

[Phil D. Rolls]

Dunno if this little gem has been mentioned on here :greengrin

Some Jambo Roasters rallying call to fill out the dump ends with this interesting wee snippet,

"Last point, we accepted a settlement from Rangers this week that saw us write off £100k and yet we couldn't afford a grand for Stevos appeal. Our cashflow must be at an all time low, and that's saying something. Now, a chunk of income that would undoubtedly have been used after the season ended to help us get through the lean off season months has been used early. Would this have been necessary if we had been filling Tynie? I don't know for sure but the chances would have been largely reduced. We're well and truly in the ****, and we need to do something. Let's start by getting the Old lady rocking today"

Didnt Know this :thumbsup:

Is there no end to their depravity?


It's quite touching, really, but I'd say about 99% of Danes and about 50% of Danish football fans have no idea who Hearts even are. :agree:

Says it all about their wartime performance.:greengrin

[Keith_M]

"Let's start by getting the Old lady rocking today"


I now can't get the scene from Doc Martin, where his Aunty has sex on the kitchen table, out of my mind.


Thanks for that!!!!!!


:jamboak:

[Bostonhibby]

It's quite touching, really, but I'd say about 99% of Danes and about 50% of Danish football fans have no idea who Hearts even are. :agree:

Very poor show, I thought I read somwhere that they they single handedly drove the Germans out of Daneland during the war, thats gratitude for you. I really don't see the Danes getting a Yam war memorial or a flag ceremony now.

[hibsmad]

Sounds like they're already breaking........

From the Savile's brokeback





Managed to persuade my brother in law to return for 1st time in over a year... He took my niece and nephew as well (9 & 11)


Apparently there was a fight or summat near them in the Gorgie and guess what?

The kids have no desire to come back ...... Ever......

:-(



If the amount of infighting in Kickback this week and the fighting/scarf throwing shenanigans of last week is anything to go by, sitting in the stands at Tynecastle will be brutal this afternoon. The atmosphere is going to be poisonous.


:D

They really are imploding now.

Knowing that the majority of their fans now realise just how grave things are for them makes me feel happy.

I will also take great comfort in knowing that the atmosphere at Tynecastle today is "poisonous".

GET IT RIGHT ****ING ROUND YEEZ!!!

[Jack Hackett]

It's quite touching, really, but I'd say about 99% of Danes and about 50% of Danish football fans have no idea who Hearts even are. :agree:


Yeah but, no but, yeah but, with 400,000 fans worldwide, surely at least one of them lives in Denmark and is spreading the gospel? Or maybe the Danes just cross the road when they see a jakey in a maroon shellsuit shouting the odds about how they're going to dominate Europe and win the Champions League aaaany day now :greengrin

[Broken Gnome]

Staggering. And he wouldn't have been the only one either.

Getting the Big Red Book out for a comeback special of This Is Your Life is made for Hearts if they should fall. Wheel out all our favourite big earners over the last half decade - Tall, Obua, Kingston, Beslija.... Pinilla's the big finale when the music hits and everyone meets on stage, hugging with joy at how much money they've swindled out of them.

Must be a Hibby in high-level TV roles willing to pitch this.

[Phil D. Rolls]

They really are imploding now.

Knowing that the majority of their fans now realise just how grave things are for them makes me feel happy.

I will also take great comfort in knowing that the atmosphere at Tynecastle today is "poisonous".

GET IT RIGHT ****ING ROUND YEEZ!!!

How can we tell? :dunno:

[Hal Jordan]

Funnily enough, the one time I've seen a Hearts top, I shouted "Hibees ya bass!" at the laddie, who said to me he didn't really know about the club, he just bought it because he was on holiday in Edinburgh and it looked a little bit like a Burnley strip :thumbsup:

[hibsmad]

How can we tell? :dunno:

:confused:

Sir Alf R quoted someone from Kickback saying that the atmosphere would be poisonous.

That's good enough for me!

Don't try to spoil my enjoyment by suggesting we need proof! :greengrin

[Jack Hackett]

:confused:

Sir Alf R quoted someone from Kickback saying that the atmosphere would be poisonous.

That's good enough for me!

Don't try to spoil my enjoyment by suggesting we need proof! :greengrin

I think the point Filled Rolls was making, is that the atmosphere is always poisonous, so how could you tell the difference?

Edit.....but it is the best atmosphere in Scotland, dontcha know :greengrin

[cocopops1875]

"Let's start by getting the Old lady rocking today"


I now can't get the scene from Doc Martin, where his Aunty has sex on the kitchen table, out of my mind.


Thanks for that!!!!!!


:jamboak:

Lock up Your Daughters and well your Grandma's too :greengrin

[hibsmad]

I think the point Filled Rolls was making, is that the atmosphere is always poisonous, so how could you tell the difference?

Edit.....but it is the best atmosphere in Scotland, dontcha know :greengrin

Ah I see. Sorry FR - I'm a bit slow.

[Seveno]

From Yackback :

' If Hearts had waited until the summer for the 500K they wouldnt have been able to add it to this set of financial results, get 400K now add it to results and Hearts make a bigger profit end of financial year. Hearts then look more appealing to potential buyers. '

So there. Lord Pishybreeks was right ! :cb

[Hibeesforever]

They really are imploding now.

Knowing that the majority of their fans now realise just how grave things are for them makes me feel happy.

I will also take great comfort in knowing that the atmosphere at Tynecastle today is "poisonous".

GET IT RIGHT ****ING ROUND YEEZ!!!

Fantastic, the end in near.
Especially if the muppets start a boycott ie. by attending the games Hearts supporters are 100% in agreement with all the actions of their owner.
An Edinburgh institution with no shame.
Sadly, when young Gorgie kids grow up and ask their Hearts parents why they didn't do anything to remove Romanov, they will be met with silence.
Hibernian Football Club, each day I thank my blessings that I was introduced to the righteous path.

Confident the future is a successful colour of Edinburgh green.

[CallumLaidlaw]

Was in the car for a couple of minutes just now and heard them talking about bids coming in and a debt free hearts being available for £10m. What's that all about?

[lord bunberry]

Was in the car for a couple of minutes just now and heard them talking about bids coming in and a debt free hearts being available for £10m. What's that all about?

Its about £10m more than foh have got

[s.a.m]

Was in the car for a couple of minutes just now and heard them talking about bids coming in and a debt free hearts being available for £10m. What's that all about?

Also heard him saying that Ukio's demise was a complete surprise to everyone.:rolleyes:

[Geo_1875]

From Yackback :

' If Hearts had waited until the summer for the 500K they wouldnt have been able to add it to this set of financial results, get 400K now add it to results and Hearts make a bigger profit end of financial year. Hearts then look more appealing to potential buyers. '

So there. Lord Pishybreeks was right ! :cb

Do these ***** really believe that pish.

[Hibeesforever]

Its about £10m more than foh have got

Speak to the bank. £10 million sounds like an affordable number.
Tradgedy, for a Heart of Midlothian supporter is that the cash bank debt is at a minimum sitting at £25 million.
It would need a pretty alturistic banker to waive the difference out of benevolence.
When British banks went bust, your mortgage didn't reduce.
Consult the big Huns, it probably is possible but the club would need to go bust first and then start back at the third tier.
I can't stop laughing. Just a feel good yamanomics story for your typical Jambo.

[clerriehibs]

Was in the car for a couple of minutes just now and heard them talking about bids coming in and a debt free hearts being available for £10m. What's that all about?

Who are "them"? Folk with something to do with the merricks or the sportsound pundits?


Speak to the bank. £10 million sounds like an affordable number. Tradgedy, for a Heart of Midlothian supporter is that the cash bank debt is at a minimum sitting at £25 million. It would need a pretty alturistic banker to waive the difference out of benevolence. When British banks went bust, your mortgage didn't reduce. Consult the big Huns, it probably is possible but the club would need to go bust first and then start back at the third tier. I can't stop laughing. Just a feel good yamanomics story for your typical Jambo.

They will lose tincastle - that was already transferred out of their hands. But the cash debt is at the bust lith bank isn't it? They have no assets of their own for the replacement to pursue, so it's a ppssibility they may be sold as a going concern for the new liths to recpver some money. The scottish football authorities have no appetite to punish them for their CHEATING CHEATING CHEATING. The council are going to build them a stadium ... Bloody hell, just WTF IS GOING ON!?!!

[s.a.m]

I think it was one of the McLauchlans speaking. Pundit. Possibly also merrick.

[SmashinGlass]

From Yackback :

' If Hearts had waited until the summer for the 500K they wouldnt have been able to add it to this set of financial results, get 400K now add it to results and Hearts make a bigger profit end of financial year. Hearts then look more appealing to potential buyers. '

So there. Lord Pishybreeks was right ! :cb

So, absolutely nothing to do with the fact that there was bills/wages needing paid then? Will need to edit this properly when back home on pc and not phone

[Hibeesforever]

They will lose tincastle - that was already transferred out of their hands. But the cash debt is at the bust lith bank isn't it? They have no assets of their own for the replacement to pursue, so it's a ppssibility they may be sold as a going concern for the new liths to recpver some money. The scottish football authorities have no appetite to punish them for their CHEATING CHEATING CHEATING. The council are going to build them a stadium ... Bloody hell, just WTF IS GOING ON!?!!

I think my fact has stronger credence than yours!
Heart of Midlothian, visit the Royal Mile to see the badge because it ain't going to be in Gorgie ffor much longer!
Parkland sanctuary the preferred planning use after the bulldozers have had their pound of flesh.
Hibernian F.C 0-7 tomorrow

[Moulin Yarns]

Another sellout at the pink palace. 11325 in total. So much for turning out to save your xlub.

Xlub?? Freudian slip should have been ex-club!!!

[ginger_rice]

Another sellout at the pink palace. 11325 in total. So much for turning out to save your xlub.

Xlub?? Freudian slip should have been ex-club!!!

no you were right first time kinda suits them "xlub"

[Iggy Pope]

Speak to the bank. £10 million sounds like an affordable number.
Tradgedy, for a Heart of Midlothian supporter is that the cash bank debt is at a minimum sitting at £25 million.
It would need a pretty alturistic banker to waive the difference out of benevolence.
When British banks went bust, your mortgage didn't reduce.
Consult the big Huns, it probably is possible but the club would need to go bust first and then start back at the third tier.
I can't stop laughing. Just a feel good yamanomics story for your typical Jambo.

That would be altruistic. An interest in the 'welfare' of 'others'......
:hmmm:

[degenerated]

Getting the Big Red Book out for a comeback special of This Is Your Life is made for Hearts if they should fall. Wheel out all our favourite big earners over the last half decade - Tall, Obua, Kingston, Beslija.... Pinilla's the big finale when the music hits and everyone meets on stage, hugging with joy at how much money they've swindled out of them.

Must be a Hibby in high-level TV roles willing to pitch this.

With vlad to walk out get down on one knee in front of them and utter the immortal line "ever get the feeling you've been cheated"
http://youtu.be/QjgE4kNSU74

[Ozyhibby]

11k at the PBS today. Well short of where they need to be to finish the season. Events in Lithuania will overtake things here anyway but still nice to know they are not going to make under their own steam anyway.

[weonlywon6-2]

Cant be long now surely:greengrin

[Dibben]

Cant be long now surely:greengrin

We can only hope!!!

:greengrin

I thought I'd take a wee peek at Yamback, seen these 2 cracking quotes with regards to the Lee Wallace 'deal'...


Do these guys pay any of their debts? Absolute disgrace.

Then from the same guy...

We are another SPL club. There is a rule against this. Regardless of whether Hearts and Rangers want to cut a deal - Rangers must pay their debts in full or the SPL should pick up the rest as they have a pot available.
We should take the £400,000 then the new owners should challenge the legality of the deal struck between the two clubs and chase the remainder.


Oh the irony!!!

:cb

[Kaiser1962]

Its about £10m more than foh have got

And the guy that pays it will be £10m poorer (at least) in a couple of years as well as £10m being double what the corpse of Old Rangers was worth.

[blackpoolhibs]

Who actually owns hearts now?

[Ozyhibby]

Who actually owns hearts now?

Still Ubig until they go into admin.

[bingo70]

Still Ubig until they go into admin.

Once they go into admin who will own hearts, the new bank?

[AndyM_1875]

I thought I'd take a wee peek at Yamback, seen these 2 cracking quotes with regards to the Lee Wallace 'deal'...


Do these guys pay any of their debts? Absolute disgrace.

Then from the same guy...

We are another SPL club. There is a rule against this. Regardless of whether Hearts and Rangers want to cut a deal - Rangers must pay their debts in full or the SPL should pick up the rest as they have a pot available.
We should take the £400,000 then the new owners should challenge the legality of the deal struck between the two clubs and chase the remainder.


Oh the irony!!!

:cb

Jesus wept:rolleyes: these clowns have no idea how business works do they??

Whatever we think of Charlie Green he's done nothing wrong here. They're rooked, he offered them a deal. They took it so that is that.

Stupid Hearts fuds.
:yamlaugh:

[H18sry]

Senior News Reporter
Saturday 23 February 2013

VLADIMIR Romanov is at the centre of a new scandal in Lithuania after it emerged his sister was given a large salary at his insolvent bank as it slid into financial meltdown.
VLADIMIR Romanov is at the centre of a new scandal in Lithuania after it emerged his sister was given a large salary at his insolvent bank as it slid into financial meltdown.


Custom byline text:
brian donnelly
Hearts are in a dire financial position and the collapse of owner Romanov's Ukio Bankas in his homeland has led to renewed fears over the football club's future.
After details emerged of the payroll at Romanov's bank, the controversial businessman is under further pressure.
<p>A Lithuanian TV documentary uncovered evidence that Tynecastle chief Romanov paid his sister Olga Gonaruk a monthly salary of £11,275 – enormous by Lithuanian standards – for being "head of administration".</p>< p>It also emerged that Romanov's bank paid for her exotic holidays over the years to places including Brazil to watch the World Basketball Championships.</p>< p>However, his sister had her assets seized last month, which included an enormous house and vast amounts of land, along with two properties in Vilnius.</p>< p>The documentary revealed that several other Romanov family members and friends were paid vast sums from his Ukio bank, before it finally hit the rocks this week.</p>< p>When questioned about the payments, the Hearts chief snapped: "Listen, you can go to hell."</p>< p>Ukio Bankas administrator Adam Audickas said: "I can't confirm the actual wage figures to the people concerned, but it is in the region that has been mentioned.</p>< p>"I don't want to comment any further."</p>< p>Mr Audickas also declined to reveal details of the relationship between Ukio Bankas and sister company UBIG, owner of Hearts.</p>
Contextual targeting label:
Finance
A Lithuanian TV documentary uncovered evidence that Tynecastle chief Romanov paid his sister Olga Gonaruk a monthly salary of £11,275 – enormous by Lithuanian standards – for being "head of administration".
It also emerged that Romanov's bank paid for her exotic holidays over the years to places including Brazil to watch the World Basketball Championships.
However, his sister had her assets seized last month, which included an enormous house and vast amounts of land, along with two properties in Vilnius.
The documentary revealed that several other Romanov family members and friends were paid vast sums from his Ukio bank, before it finally hit the rocks this week.
When questioned about the payments, the Hearts chief snapped: "Listen, you can go to hell."
Ukio Bankas administrator Adam Audickas said: "I can't confirm the actual wage figures to the people concerned, but it is in the region that has been mentioned.
"I don't want to comment any further."
Mr Audickas also declined to reveal details of the relationship between Ukio Bankas and sister company UBIG, owner of Hearts.

[shagpile]

Senior News Reporter
Saturday 23 February 2013

VLADIMIR Romanov is at the centre of a new scandal in Lithuania after it emerged his sister was given a large salary at his insolvent bank as it slid into financial meltdown.
VLADIMIR Romanov is at the centre of a new scandal in Lithuania after it emerged his sister was given a large salary at his insolvent bank as it slid into financial meltdown.


Custom byline text:
brian donnelly
Hearts are in a dire financial position and the collapse of owner Romanov's Ukio Bankas in his homeland has led to renewed fears over the football club's future.
After details emerged of the payroll at Romanov's bank, the controversial businessman is under further pressure.
<p>A Lithuanian TV documentary uncovered evidence that Tynecastle chief Romanov paid his sister Olga Gonaruk a monthly salary of £11,275 – enormous by Lithuanian standards – for being "head of administration".</p>< p>It also emerged that Romanov's bank paid for her exotic holidays over the years to places including Brazil to watch the World Basketball Championships.</p>< p>However, his sister had her assets seized last month, which included an enormous house and vast amounts of land, along with two properties in Vilnius.</p>< p>The documentary revealed that several other Romanov family members and friends were paid vast sums from his Ukio bank, before it finally hit the rocks this week.</p>< p>When questioned about the payments, the Hearts chief snapped: "Listen, you can go to hell."</p>< p>Ukio Bankas administrator Adam Audickas said: "I can't confirm the actual wage figures to the people concerned, but it is in the region that has been mentioned.</p>< p>"I don't want to comment any further."</p>< p>Mr Audickas also declined to reveal details of the relationship between Ukio Bankas and sister company UBIG, owner of Hearts.</p>
Contextual targeting label:
Finance
A Lithuanian TV documentary uncovered evidence that Tynecastle chief Romanov paid his sister Olga Gonaruk a monthly salary of £11,275 – enormous by Lithuanian standards – for being "head of administration".
It also emerged that Romanov's bank paid for her exotic holidays over the years to places including Brazil to watch the World Basketball Championships.
However, his sister had her assets seized last month, which included an enormous house and vast amounts of land, along with two properties in Vilnius.
The documentary revealed that several other Romanov family members and friends were paid vast sums from his Ukio bank, before it finally hit the rocks this week.
When questioned about the payments, the Hearts chief snapped: "Listen, you can go to hell."
Ukio Bankas administrator Adam Audickas said: "I can't confirm the actual wage figures to the people concerned, but it is in the region that has been mentioned.
"I don't want to comment any further."
Mr Audickas also declined to reveal details of the relationship between Ukio Bankas and sister company UBIG, owner of Hearts.


So Vlads sister was 'head of administration'? Quite apt i would say.:greengrin

[Hibby Kay-Yay]

So Vlads sister was 'head of administration'? Quite apt i would say.:greengrin

Or was 'giving head'...

[MB62]

Senior News Reporter
Saturday 23 February 2013


VLADIMIR Romanov is at the centre of a new scandal in Lithuania after it emerged his sister was given a large salary at his insolvent bank as it slid into financial meltdown.


Custom byline text:
brian donnelly
However, his sister had her assets seized last month,

That must have been painful for her. I wonder who the lucky person was? :wink: :greengrin

[brog]

From Yackback :

' If Hearts had waited until the summer for the 500K they wouldnt have been able to add it to this set of financial results, get 400K now add it to results and Hearts make a bigger profit end of financial year. Hearts then look more appealing to potential buyers. '

So there. Lord Pishybreeks was right ! :cb

Em, what set of financial results would those be? 20 months behind & counting!!! when will we see their likes again!
These guys are tools of the first order!!

[The Green Goblin]

Had to wonder at the reference to Vlad's sister's 11k+ monthly wage being "enormous by Lithuanian standards". I would have thought it was inflated by most people's standards....

[CropleyWasGod]

Once they go into admin who will own hearts, the new bank?

UBIG will still own them.

I am not sure of Lith insolvency law, but if it is similar to UK law, Hearts will be seen as an asset of UBIG. (I know, I know :greengrin). Those assets will come under the control of the administrator, whose job it is to manage the business and assets to the benefit of UBIG's creditors.

[lord bunberry]

UBIG will still own them.

I am not sure of Lith insolvency law, but if it is similar to UK law, Hearts will be seen as an asset of UBIG. (I know, I know :greengrin). Those assets will come under the control of the administrator, whose job it is to manage the business and assets to the benefit of UBIG's creditors.

Did ubig ever have any money or did they just receive loans from ukio which they in turn loaned to vlads other businesses. If this is the case then surely they only possible outcome for ubig is liquidation.