Share Transfers Agreed/Cooling off period

[Hibby Kay-Yay]

The only domino I have interest in is the 6-2 one!just wish it would happen sooner...

[tamig]

Let me get this right


50,000 a week over a year = 2.6 million (just to survive) minimum.
Money due to HMRC
Money to buy the club
12 million ish to build a new super duper stand
Debt 25 million plus
O forgot to add the 3 million quid budget suggested by WFR
Stadium is only worth 5.5 million

They've admitted that bigger monthly pledges of money are doubtful.

No bank willing to lend anyone any money that involves HOMFC

Tell you what after reading that all I can say is

#yourheedsinthesand
#wearegoingtosurvive

But best if all

#allisbarrybarry
Worse than that bud - 50k a month!

[NeilT]

And another domino falls:

President of Belarus Alexander Lukashenko signed a decree terminating the investment contract with Vladimir Romanov controlled economic investment banking group (ŪBIG) on a $ 250 million. euro multi-building complex in Minsk.

http://www.balsas.lt/naujiena/727416/v-romanovas-is-a-lukasenkos-isgirdo-ne

[Aldo]

Worse than that bud - 50k a month!

Should of read it properly. Cheers

[blackpoolhibs]

Worse than that bud - 50k a month!

FFS, does that mean i have to pledge even more? :wink:

[Aldo]

FFS, does that mean i have to pledge even more? :wink:

One pledge and one only Michael Hunt ;-)
I wonder how many genuine pledges they have had farf

[Gus Fring]

I believe messrs D. Duck, B. Bunny, E.Presley, H. Simpson et al have been most generous.

[Col2]

Christ I hope they take my committed pledge seriously..

[Jack Hackett]

Christ I hope they take my committed pledge seriously..

If it looks like a straw, they'll clutch it with both hands :lolyam:

[Ozyhibby]

It's really quite amazing that UBIG has not went into admin yet. Just have to be patient I suppose. Would be nice if before the end of the season so they are relegated.

[greenginger]

It's really quite amazing that UBIG has not went into admin yet. Just have to be patient I suppose. Would be nice if before the end of the season so they are relegated.


http://verslas.delfi.lt/ukiobankas/aiskeja-kas-vromanovui-padovanojo-220-mln-litu.d?id=61109509


I can't get this article to translate ,but the English headline seemed to say Vlad had donated 220 million Litas of the banks money to his son Roman.

Anyone got a good translating program. :confused:

[Bostonhibby]

FFS, does that mean i have to pledge even more? :wink:

:agree: I am thinking about doubling mine, Never felt richer. Nae idea what the mechanism for collecting is but it should be interesting when they come a calling on the various "pledgers" for the figures they are talking about rely on. :greengrin

[EdinMike]

http://verslas.delfi.lt/ukiobankas/aiskeja-kas-vromanovui-padovanojo-220-mln-litu.d?id=61109509


I can't get this article to translate ,but the English headline seemed to say Vlad had donated 220 million Litas of the banks money to his son Roman.

Anyone got a good translating program. :confused:


Showed it to a Lithuanian friend she said yes, basically Vlad has "Gifted" his son that sum and Vlad said "one pocket money went to another" They are investigating but haven't said anything about it yet.

Hmm

[Dalkeith]

http://verslas.delfi.lt/ukiobankas/aiskeja-kas-vromanovui-padovanojo-220-mln-litu.d?id=61109509


I can't get this article to translate ,but the English headline seemed to say Vlad had donated 220 million Litas of the banks money to his son Roman.

Anyone got a good translating program. :confused:

It appears that the banker Vladimir Romanovo dosnusis sponsor, last year padovanojęs him a few hundred million dollars. Undeclared, EUR 220 million. molded him transferred to the son of the novel,
The amount was divided into dozens of bank transfers, allegedly has cells form immediately for the whole amount of the transfers. "Nonsense. Gift: from one of the pockets of the money has gone to the next, the knowledge said v. Romanov.
V. Romanov says that his son works In the aluminum business, but where exactly does. The novel's name sounded his father Romanovo courts conflicting with Russian aluminum plants oligarchu Olegu Deripaska on Bosnia and Herzegovina. The owner of the activity of the Bank is investigating, and the Prosecutor General's Office. So what about the results of the investigation, prosecutors are silent. "We are talking about a very complex investigations of the Bank's business research ikiteisminius, it takes time, so to talk about the prospect of the end of the case is too early," said Attorney General Darius Valys
When asked whether or not the allegations made on the assets of the Bank v. Romanovui, d. Akshay said: "on this subject so far, we have reason to consider about allegations v. Romanovui do not have." Prosecutors had previously argued that overcoming the Economic activities of the Bank on the first allegation to be presented to the heads of the Bank, rather than shareholder

[degenerated]

It appears that the banker Vladimir Romanovo dosnusis sponsor, last year padovanojęs him a few hundred million dollars. Undeclared, EUR 220 million. molded him transferred to the son of the novel,
The amount was divided into dozens of bank transfers, allegedly has cells form immediately for the whole amount of the transfers. "Nonsense. Gift: from one of the pockets of the money has gone to the next, the knowledge said v. Romanov.
V. Romanov says that his son works In the aluminum business, but where exactly does. The novel's name sounded his father Romanovo courts conflicting with Russian aluminum plants oligarchu Olegu Deripaska on Bosnia and Herzegovina. The owner of the activity of the Bank is investigating, and the Prosecutor General's Office. So what about the results of the investigation, prosecutors are silent. "We are talking about a very complex investigations of the Bank's business research ikiteisminius, it takes time, so to talk about the prospect of the end of the case is too early," said Attorney General Darius Valys
When asked whether or not the allegations made on the assets of the Bank v. Romanovui, d. Akshay said: "on this subject so far, we have reason to consider about allegations v. Romanovui do not have." Prosecutors had previously argued that overcoming the Economic activities of the Bank on the first allegation to be presented to the heads of the Bank, rather than shareholder

Has anyone got an enigma machine we could run that through :greengrin

[Ozyhibby]

It appears that the banker Vladimir Romanovo dosnusis sponsor, last year padovanojęs him a few hundred million dollars. Undeclared, EUR 220 million. molded him transferred to the son of the novel,
The amount was divided into dozens of bank transfers, allegedly has cells form immediately for the whole amount of the transfers. "Nonsense. Gift: from one of the pockets of the money has gone to the next, the knowledge said v. Romanov.
V. Romanov says that his son works In the aluminum business, but where exactly does. The novel's name sounded his father Romanovo courts conflicting with Russian aluminum plants oligarchu Olegu Deripaska on Bosnia and Herzegovina. The owner of the activity of the Bank is investigating, and the Prosecutor General's Office. So what about the results of the investigation, prosecutors are silent. "We are talking about a very complex investigations of the Bank's business research ikiteisminius, it takes time, so to talk about the prospect of the end of the case is too early," said Attorney General Darius Valys
When asked whether or not the allegations made on the assets of the Bank v. Romanovui, d. Akshay said: "on this subject so far, we have reason to consider about allegations v. Romanovui do not have." Prosecutors had previously argued that overcoming the Economic activities of the Bank on the first allegation to be presented to the heads of the Bank, rather than shareholder

Barry was right. All is very complex.

[blackpoolhibs]

It appears that the banker Vladimir Romanovo dosnusis sponsor, last year padovanojęs him a few hundred million dollars. Undeclared, EUR 220 million. molded him transferred to the son of the novel,
The amount was divided into dozens of bank transfers, allegedly has cells form immediately for the whole amount of the transfers. "Nonsense. Gift: from one of the pockets of the money has gone to the next, the knowledge said v. Romanov.
V. Romanov says that his son works In the aluminum business, but where exactly does. The novel's name sounded his father Romanovo courts conflicting with Russian aluminum plants oligarchu Olegu Deripaska on Bosnia and Herzegovina. The owner of the activity of the Bank is investigating, and the Prosecutor General's Office. So what about the results of the investigation, prosecutors are silent. "We are talking about a very complex investigations of the Bank's business research ikiteisminius, it takes time, so to talk about the prospect of the end of the case is too early," said Attorney General Darius Valys
When asked whether or not the allegations made on the assets of the Bank v. Romanovui, d. Akshay said: "on this subject so far, we have reason to consider about allegations v. Romanovui do not have." Prosecutors had previously argued that overcoming the Economic activities of the Bank on the first allegation to be presented to the heads of the Bank, rather than shareholder

Well that clears that up. :greengrin

[Dalkeith]

Barry was right. All is very complex.

I wasn't top of class for Lithuanian at school:greengrin

think it all means

heres some money for you son as he hands over a brown envelope and there will be a good few more, you know where to hide them don't you

[Geo_1875]

I wasn't top of class for Lithuanian at school:greengrin

think it all means

heres some money for you son as he hands over a brown envelope and there will be a good few more, you know where to hide them don't you

Sounds like Del Boy asked Rodders to stash a bit of bunce for him. No income tax, no VAT,

[greenginger]

http://uk.reuters.com/article/2013/04/02/bosnia-birac-idUKL5N0CP2G120130402


More on Vlad's Balkan bother ! I do think some people will be going to jail. :greengrin

[JimBHibees]

http://uk.reuters.com/article/2013/04/02/bosnia-birac-idUKL5N0CP2G120130402


More on Vlad's Balkan bother ! I do think some people will be going to jail. :greengrin

Bosnia's main gas distributor, BH Gas, cut gas supplies to Birac two weeks ago over a 5 million euro ($6.42 million) debt.

Wow, how could that level of debt be allowed to be racked up.

[Dashing Bob S]

Have always said that the REAL problems for Hearts will begin when law enforcement agencies start investigating individuals and following the money that is being moved around those companies, and of course, financing Hearts outrageous wage bill. If it's revealed that money is/has come from illegal and immoral sources, the Scottish Footballing authorites will be compelled to act, as in the case of Rangers ETB. The ETB's are relatively untainted, compared to where these Hearts monies may have originated.

Such investigations and the prosecution of individuals and the likely lengthy appeals could lead to Hearts being unsellable and licensable as a football club for years, thus precipitating a modern day Third Lanark scenario.

[CropleyWasGod]

Have always said that the REAL problems for Hearts will begin when law enforcement agencies start investigating individuals and following the money that is being moved around those companies, and of course, financing Hearts outrageous wage bill. If it's revealed that money is/has come from illegal and immoral sources, the Scottish Footballing authorites will be compelled to act, as in the case of Rangers ETB. The ETB's are relatively untainted, compared to where these Hearts monies may have originated.

Such investigations and the prosecution of individuals and the likely lengthy appeals could lead to Hearts being unsellable and licensable as a football club for years, thus precipitating a modern day Third Lanark scenario.

The company's auditors have a duty under the Proceeds of Crime Act to report (to SOCA) any suspicions they have that the company has profited from illegal activities.

Not to do so carries a potential jail sentence of 7 years. To do so, and disclose it to a third party (eg the company itself), carries a sentence of (I think) 3 years.

All of that is the background to the possibility that, for all we know, HMFC's financing may already be under scrutiny here in the UK. We can't know that, though.

[greenginger]

The company's auditors have a duty under the Proceeds of Crime Act to report (to SOCA) any suspicions they have that the company has profited from illegal activities.

Not to do so carries a potential jail sentence of 7 years. To do so, and disclose it to a third party (eg the company itself), carries a sentence of (I think) 3 years.

All of that is the background to the possibility that, for all we know, HMFC's financing may already be under scrutiny here in the UK. We can't know that, though.

Hearts funded the best part of £ 70 million these past 6 years by UBIG.

Criminal investigations in Lithuania and Bosnia into fraud involving UBIG and Vlad.

Can sombody let Johnston Carmichael know in case they missed it.

May'be Barry could break the story.

[flash]

I notice wee fat Blobbo claiming there are 200,000 to 250,000 hertz fans out there.

A tad worrying as they seem to have mislaid 150,000 somewhere.

Deluded plums.

[Dashing Bob S]

The company's auditors have a duty under the Proceeds of Crime Act to report (to SOCA) any suspicions they have that the company has profited from illegal activities.

Not to do so carries a potential jail sentence of 7 years. To do so, and disclose it to a third party (eg the company itself), carries a sentence of (I think) 3 years.

All of that is the background to the possibility that, for all we know, HMFC's financing may already be under scrutiny here in the UK. We can't know that, though.

All these people who had token boardroom seats at Tynecastle over the last seven years (and, to be fair them, probably did know absolutely zero) might be twitching a little at the moment.

[greenginger]

All these people who had token boardroom seats at Tynecastle over the last seven years (and, to be fair them, probably did know absolutely zero) might be twitching a little at the moment.

All the directors have been Vlad's Lith. associates and family. I don't think Ogilvy or Southern were Company Directors and the the fat slug from the House of Lords did'nt last long enough to be caught up in the ***** storm. Mores the pity.

[Seveno]

The company's auditors have a duty under the Proceeds of Crime Act to report (to SOCA) any suspicions they have that the company has profited from illegal activities.

Not to do so carries a potential jail sentence of 7 years. To do so, and disclose it to a third party (eg the company itself), carries a sentence of (I think) 3 years.

All of that is the background to the possibility that, for all we know, HMFC's financing may already be under scrutiny here in the UK. We can't know that, though.

Does Hibs.net have a similar duty to report such suspicions bearing in mind it is the only depository for all such knowledge ?

[Ozyhibby]

Is the aluminium plant owned by UBIG?

[ancient hibee]

UBIG pays Hearts large sums of money.

Hearts return it either in the form of interest or in large payments to players who pay an arrangement fee to UBIG


So money does a round trip.

[weonlywon6-2]

UBIG pays Hearts large sums of money.

Hearts return it either in the form of interest or in large payments to players who pay an arrangement fee to UBIG


So money does a round trip.

Really??,oh dear.deep doo doo for them if this is the case

:aok:

[21.05.2016]

I notice wee fat Blobbo claiming there are 200,000 to 250,000 hertz fans out there.

A tad worrying as they seem to have mislaid 150,000 somewhere.

Deluded plums.

Robbo is just as deluded as the rest of them, absolute clown :jamboclow

Quarter of a million fans yet they can't sell out a cup semi final in their own city and their cup final attendance was the lowest for years. hmmmm

[lapsedhibee]

Such investigations and the prosecution of individuals and the likely lengthy appeals could lead to Hearts being unsellable and licensable as a football club for years, thus precipitating a modern day Third Lanark scenario.

Would weeds be able to grow in an environment as toxic as the PBS? :dunno:

[RickyS]

Would weeds be able to grow in an environment as toxic as the PBS? :dunno:

there's an ungly pink one that would thrive in there:greengrin

[CropleyWasGod]

Does Hibs.net have a similar duty to report such suspicions bearing in mind it is the only depository for all such knowledge ?

:greengrin

[greenginger]

http://verslas.delfi.lt/ukiobankas/teismas-arestavo-55-mln-litu-vertes-vromanovo-ir-jo-sesers-turto.d?id=61127847


Stuck for a translation again, but this article seems to say Vlad and his sister have been arrested or it may mean their property has been seized. :confused:


Free the Kaunus Two ! :greengrin

[Ozyhibby]

http://verslas.delfi.lt/ukiobankas/teismas-arestavo-55-mln-litu-vertes-vromanovo-ir-jo-sesers-turto.d?id=61127847


Stuck for a translation again, but this article seems to say Vlad and his sister have been arrested or it may mean their property has been seized. :confused:


Free the Kaunus Two ! :greengrin

The pic seems to indicate that Vlad is not sure either. We better wait on a proper translation.

[Denverhibby]

ran it thru a couple of translation programes and got the same thing.


The pic seems to indicate that Vlad is not sure either. We better wait on a proper translation.Farm failed bank lost money the company has achieved to date law enforcement averted a bank owner Vladimir Romanov. The court arrested him and his sister property, the value of which - almost 55 million. LTL. If the property is not found, will be seized and the money, reported LNK show "Good evening, Lithuania.Company Baltic glass "and" What BOSLITA and applied to the court and the arrested V. Romanov and his sister Olga Gončaruk "An investment banking group and Birač Europe's assets, the value of which - almost 55 million. LTL.
"Arrest defendants owned real and movable property, such property is seized without cash," - said the lawyer Ramunas Audzevičius.
The court forbade V. Romanov and the other defendants to transfer property to other persons, to pledge, but left the property to store and use it. Companies' economic investment banking group and Birač Europe permit the payment of salaries to employees, pay taxes to the state and social security contributions.


V. Romanov of the judgment is not inclined to talk.
"Well, what to do, now everyone will give up on me. I do not know anything, you know, then Available for all ", - said V. Romanov.
Standing as a candidate to the parliament, he stated with 2 million. -worth of assets, 176 million. -worth of securities, works of art and jewelry, more than 2 million. thousand cash. True, stated that the borrower is more than 238 million. LTL.




DELFI you produce high-quality free content. You atsidėkotumėte us if dalintumėtės following his sending a link instead of copying and pasting text.

[Ozyhibby]

ran it thru a couple of translation programes and got the same thing.

Farm failed bank lost money the company has achieved to date law enforcement averted a bank owner Vladimir Romanov. The court arrested him and his sister property, the value of which - almost 55 million. LTL. If the property is not found, will be seized and the money, reported LNK show "Good evening, Lithuania.Company Baltic glass "and" What BOSLITA and applied to the court and the arrested V. Romanov and his sister Olga Gončaruk "An investment banking group and Birač Europe's assets, the value of which - almost 55 million. LTL.
"Arrest defendants owned real and movable property, such property is seized without cash," - said the lawyer Ramunas Audzevičius.
The court forbade V. Romanov and the other defendants to transfer property to other persons, to pledge, but left the property to store and use it. Companies' economic investment banking group and Birač Europe permit the payment of salaries to employees, pay taxes to the state and social security contributions.


V. Romanov of the judgment is not inclined to talk.
"Well, what to do, now everyone will give up on me. I do not know anything, you know, then Available for all ", - said V. Romanov.
Standing as a candidate to the parliament, he stated with 2 million. -worth of assets, 176 million. -worth of securities, works of art and jewelry, more than 2 million. thousand cash. True, stated that the borrower is more than 238 million. LTL.




DELFI you produce high-quality free content. You atsidėkotumėte us if dalintumėtės following his sending a link instead of copying and pasting text.

Looks like an insolvency event to me. 18 point deduction. Best chance we have of staying above them.

[Spike Mandela]

Looks like an insolvency event to me. 18 point deduction. Best chance we have of staying above them.

Meanwhile, back in la la land...............

“@BarryAnderson_8: #Hearts' player budget next year will be over £3m. Manager Gary Locke says wages will be "sensible": http://t.co/eS46rDiGa2 #HMFC #SPL”

[Jack Hackett]

Meanwhile, back in la la land...............

“@BarryAnderson_8: #Hearts' player budget next year will be over £3m. Manager Gary Locke says wages will be "sensible": http://t.co/eS46rDiGa2 #HMFC #SPL”

£3M budget for a 25 man squad equates to an average wage of about £2,300 a week. World Cup stars will be kicking lumps out of each other to be first to sign up :greengrin

[Dr Jimmy]

Meanwhile, back in la la land...............

“@BarryAnderson_8: #Hearts' player budget next year will be over £3m. Manager Gary Locke says wages will be "sensible": http://t.co/eS46rDiGa2 #HMFC #SPL”

Still seems a lot (if true :-))considering the "eartha kitt" they are in.
Anyone know what our player budget usually is?

[Andy74]

Meanwhile, back in la la land...............

“@BarryAnderson_8: #Hearts' player budget next year will be over £3m. Manager Gary Locke says wages will be "sensible": http://t.co/eS46rDiGa2 #HMFC #SPL”

Has the shortfall that they didn't get close to meeting just gone away?

[GreenCastle]

Why would he come out and announce this? :confused: Have they ever previously done this?

Gives an mixed message to their fans...we have money...you don't have to invest any more :confused::confused:

[RickyS]

Still seems a lot (if true :-))considering the "eartha kitt" they are in.
Anyone know what our player budget usually is?

a couple of years back we were just under 4 million and the sheep around the same
the down to Utd about 3.5m but theres been cutbacks since.
i'm sure these figures appeared on here at some point

[Caversham Green]

£3M budget for a 25 man squad equates to an average wage of about £2,300 a week. World Cup stars will be kicking lumps out of each other to be first to sign up :greengrin

Depends if the budget is purely for the first team squad or for all players plus coaches etc - they had 110 players and coaching staff according to their last accounts. I doubt if they can set a meaningful budget at this stage anyway with season tickets only just on sale and a proposed change of ownership in the offing. This looks like another #allisbarry article to me in an attempt to shift the STs. I notice he doesn't actually mention the £3m in the article itself though.

[truehibernian]

The pic seems to indicate that Vlad is not sure either. We better wait on a proper translation.

C'mon Ozy mate, surely you know by now - the 'BBC guy in Lithuania' will be right on the case as we speak :faf:

Assuming they've managed to prize Brian from thae cakes at Tynie :greengrin

[Treadstone]

Just reading that 2nd part of the wee fat strikers PR piece. Funny as.

Banderson starts
Despite his reservations, Robertson is a realist.

Then Robertson goes on
“If there was a perfect wish-list, I’d love to see Hearts debt free,”

:hilarious

[Springbank]

Here it is in English, from Bloomberg (note to Banderson, Bloomberg is a journalistic outlet with global reputation for good reporting)

http://www.bloomberg.com/news/2013-04-12/hearts-sale-plan-derailed-as-lithuania-freezes-romanov-s-assets.html

[Emerald]

Here it is in English, from Bloomberg (note to Banderson, Bloomberg is a journalistic outlet with global reputation for good reporting)

http://www.bloomberg.com/news/2013-04-12/hearts-sale-plan-derailed-as-lithuania-freezes-romanov-s-assets.html

The chickens are coming home to roost. :aok:

[Prof. Shaggy]

Here it is in English, from Bloomberg (note to Banderson, Bloomberg is a journalistic outlet with global reputation for good reporting)

http://www.bloomberg.com/news/2013-04-12/hearts-sale-plan-derailed-as-lithuania-freezes-romanov-s-assets.html

Do I detect the noose tightening?:cb

[PatHead]

Had a wee look on keekback and was amazed that they no longer deride the Hobonomics or the Hibs experts when talking about their finances. Surely can't be sinking in can it?

[Prof. Shaggy]

The chickens are coming home to roost. :aok:


Do I detect the noose tightening?:cb

Nothing wrong with a good cliche.

[Duffys13]

Had a wee look on keekback and was amazed that they no longer deride the Hobonomics or the Hibs experts when talking about their finances. Surely can't be sinking in can it?

Great choice of word, most appropriate.

[Haymaker]

Im getting that wonderful optimistic feeling again..!

[Andy74]

Here it is in English, from Bloomberg (note to Banderson, Bloomberg is a journalistic outlet with global reputation for good reporting)

http://www.bloomberg.com/news/2013-04-12/hearts-sale-plan-derailed-as-lithuania-freezes-romanov-s-assets.html

Surely pretty straightforward now that the only way of recouping anything from this asset is to sell the stadium and any other 'assets' and walk away?

[Treadstone]

Several companies are suing Romanov and Goncaruk to recover “large debts” the two jointly undertook

Teasers.

[Spike Mandela]

Where's Sergey?

[Sergey]

Where's Sergey?

I'm on the case :agree:

[Dashing Bob S]

The financial threat is obviously gravely serious as it will probably lead to the loss of playing staff and the PBS. However, clubs, using a range of measures and employing administration strategically, have been able to weasel out of debts and limit the damage.

The legal investigations are far more serious and threaten the existence of the club. The cardigan brigade will proceed towards any rescue plan with extreme caution now. Nobody in their right mind (and obviously we are talking Yams here, so that doesn't necessarily apply) will want to get caught up in this mess.

I predict a lot of entertainment for us over the close season. I feel that the club and football authorities will try to stumble on till the end of the season, club spokespersons trying to dupe the gullible into parting with cash, but then there will be serious blood-letting.

[green glory]

Hold on! The succulent yam told us Gary Locke said they'd have a budget of over £3m for players next season.

Are you telling me that might not be true?

[Andy74]

The financial threat is obviously gravely serious as it will probably lead to the loss of playing staff and the PBS. However, clubs, using a range of measures and employing administration strategically, have been able to weasel out of debts and limit the damage.

The legal investigations are far more serious and threaten the existence of the club. The cardigan brigade will proceed towards any rescue plan with extreme caution now. Nobody in their right mind (and obviously we are talking Yams here, so that doesn't necessarily apply) will want to get caught up in this mess.

I predict a lot of entertainment for us over the close season. I feel that the club and football authorities will try to stumble on till the end of the season, club spokespersons trying to dupe the gullible into parting with cash, but then there will be serious blood-letting.

Keep talking Robert.

[Caversham Green]

The financial threat is obviously gravely serious as it will probably lead to the loss of playing staff and the PBS. However, clubs, using a range of measures and employing administration strategically, have been able to weasel out of debts and limit the damage.

The legal investigations are far more serious and threaten the existence of the club. The cardigan brigade will proceed towards any rescue plan with extreme caution now. Nobody in their right mind (and obviously we are talking Yams here, so that doesn't necessarily apply) will want to get caught up in this mess.

I predict a lot of entertainment for us over the close season. I feel that the club and football authorities will try to stumble on till the end of the season, club spokespersons trying to dupe the gullible into parting with cash, but then there will be serious blood-letting.

In the short term though, Vlad's frozen assets scuppers any chance of a change of ownership going through (not that it looked as if that was going to happen any time soon) and now the prospective buyers have to wait for him to be cleared of any wrong-doing so that he can thaw his assets out again and hope that it happens before the creditors of Ukio and UBIG start to chase their money. Could be a long wait.

[Ozyhibby]

Does having your assets frozen count as an insolvency event. I want them relegated.

[CropleyWasGod]

Does having your assets frozen count as an insolvency event. I want them relegated.

Probably not of itself.

But it may tempt a creditor of HMFC to push them over the edge.

[Dashing Bob S]

In the short term though, Vlad's frozen assets scuppers any chance of a change of ownership going through (not that it looked as if that was going to happen any time soon) and now the prospective buyers have to wait for him to be cleared of any wrong-doing so that he can thaw his assets out again and hope that it happens before the creditors of Ukio and UBIG start to chase their money. Could be a long wait.

Yes, it's getting closer to the kind of perfect storm I was hoping for; can't finance the club through the existing structure, can't move on to a new set of financial arrangements. It's looking increasingly difficult to envision Hearts playing in any footballing structure next season.

[Prof. Shaggy]

Probably not of itself.

But it may tempt a creditor of HMFC to push them over the edge.

Or, indeed, of UBIG...?

[Caversham Green]

Yes, it's getting closer to the kind of perfect storm I was hoping for; can't finance the club through the existing structure, can't move on to a new set of financial arrangements. It's looking increasingly difficult to envision Hearts playing in any footballing structure next season.

Yep, it does feels like another cog in a vast slow-moving machine has just clicked neatly into place.

[CropleyWasGod]

Or, indeed, of UBIG...?

Not sure about that. Something niggling at me saying that asset-freezing might protect them from insolvency.

Would be nice, though.

[hibs0666]

Yes, it's getting closer to the kind of perfect storm I was hoping for; can't finance the club through the existing structure, can't move on to a new set of financial arrangements. It's looking increasingly difficult to envision Hearts playing in any footballing structure next season.

Keep talking dirty big boy :thumbsup:

[brog]

I genuinely believe that if Yams were offered a Sevco type deal now, ie relegation to lowest tier & start again they would jump at the offer. Unfortunately for them that is now starting to look like their dream scenario. I posted on here, what seems an eternity ago, that I could never really work out Vlad's intentions, if they were legal. It seems increasingly likely there was financial illegality in transactions concerning Yams & I believe it's through this route that we'll see the first major penalties applied by the football authorities. They have to be seen to be taking action sooner rather than later.
It gives me a warm fuzzy feeling but strangely also some disquiet that we could be looking at a 3rd Lanark rather than a Sevco conclusion to this saga.

[CropleyWasGod]

I genuinely believe that if Yams were offered a Sevco type deal now, ie relegation to lowest tier & start again they would jump at the offer. Unfortunately for them that is now starting to look like their dream scenario. I posted on here, what seems an eternity ago, that I could never really work out Vlad's intentions, if they were legal. It seems increasingly likely there was financial illegality in transactions concerning Yams & I believe it's through this route that we'll see the first major penalties applied by the football authorities. They have to be seen to be taking action sooner rather than later.
It gives me a warm fuzzy feeling but strangely also some disquiet that we could be looking at a 3rd Lanark rather than a Sevco conclusion to this saga.

I can't see how they could take action on "illegality" until that has been proven.

[Craig_in_Prague]

them going pop and hibs winning the SC in same year.

hmmm..........

[Andy74]

I genuinely believe that if Yams were offered a Sevco type deal now, ie relegation to lowest tier & start again they would jump at the offer. Unfortunately for them that is now starting to look like their dream scenario. I posted on here, what seems an eternity ago, that I could never really work out Vlad's intentions, if they were legal. It seems increasingly likely there was financial illegality in transactions concerning Yams & I believe it's through this route that we'll see the first major penalties applied by the football authorities. They have to be seen to be taking action sooner rather than later.
It gives me a warm fuzzy feeling but strangely also some disquiet that we could be looking at a 3rd Lanark rather than a Sevco conclusion to this saga.

There's no disquiet about that.

[StevieC]

them going pop and hibs winning the SC in same year.

hmmm..........

I would hope they go pop sooner than that, I want to be around when it happens!

[Andy74]

I would hope they go pop sooner than that, I want to be around when it happens!

:greengrin

[Ross4356]

@BBCBMcLauchlin 3m Vladimir Romanov has assets, including Hearts, frozen by Lithuanian bank. Transfer or sales of Ubigs shares has been blocked#bbcsportscot

[Springbank]

@BBCBMcLauchlin 3m Vladimir Romanov has assets, including Hearts, frozen by Lithuanian bank. Transfer or sales of Ubigs shares has been blocked#bbcsportscot

Yet again you heard it here first

[brog]

I can't see how they could take action on "illegality" until that has been proven.

I didn't phrase it very well. I think the first actions will be taken with regard to Yams non compliance with SFA financial regulations. I believe however that eventually fraud will be proven with regard to UBIG & Yams may find they're wrapped up in an international investigation & effectively out of business for a lengthy period, possibly terminal.
.

[PatHead]

If the Lith authories have frozen all Vlad's assets in Lithuania does that mean that any Hearts assets (such as the share issue resting in his account in a Father Ted sort of a way) could be frozen as well? That would really get me excited.

[Emerald]

If the Lith authories have frozen all Vlad's assets in Lithuania does that mean that any Hearts assets (such as the share issue resting in his account in a Father Ted sort of a way) could be frozen as well? That would really get me excited.

What share issue would that be then? What money, what certificate? :lolyam:

[greenginger]

@BBCBMcLauchlin 3m Vladimir Romanov has assets, including Hearts, frozen by Lithuanian bank. Transfer or sales of Ubigs shares has been blocked#bbcsportscot

would somebody like to tweet McLauchlin that that information was on Hibs.net 16 hours ago ! :greengrin

[SteveHFC]

@BBCBMcLauchlin 3m Vladimir Romanov has assets, including Hearts, frozen by Lithuanian bank. Transfer or sales of Ubigs shares has been blocked#bbcsportscot

http://www.oesquema.com.br/trabalhosujo/wp-content/uploads/2011/09/lunatic-tunes-02.gif

[Ozyhibby]

Yet again you heard it here first

I but in Lithuanian. Need to work on delivery. :-)

[CropleyWasGod]

I didn't phrase it very well. I think the first actions will be taken with regard to Yams non compliance with SFA financial regulations. I believe however that eventually fraud will be proven with regard to UBIG & Yams may find they're wrapped up in an international investigation & effectively out of business for a lengthy period, possibly terminal.
.

Ah okay.

I agree with you on the accounts and stuff.

However, I still think that the commercial (ie insolvency) aspects will overtake HMFC long before it gets to Court. For one thing, the shares are now frozen and can't be transferred. The more I think about it, that is a nasty blow.

[Hibbylad86]

Yep, it does feels like another cog in a vast slow-moving machine has just clicked neatly into place.

Where is Steve with the duck GIF?? Come on Steve get it oot

[SteveHFC]

Where is Steve with the duck GIF?? Come on Steve get it oot

http://24.media.tumblr.com/tumblr_mac3x3mzkj1ruj2iwo1_400.gif :thumbsup:

[Hibbylad86]

http://www.oesquema.com.br/trabalhosujo/wp-content/uploads/2011/09/lunatic-tunes-02.gif



hahahahahahahahahahaha!!! A new GIF? This just made my weekend.

[SteveHFC]

hahahahahahahahahahaha!!! A new GIF? This just made my weekend.

:agree::greengrin

[greenginger]

Ah okay.

I agree with you on the accounts and stuff.

However, I still think that the commercial (ie insolvency) aspects will overtake HMFC long before it gets to Court. For one thing, the shares are now frozen and can't be transferred. The more I think about it, that is a nasty blow.


How does that affect the paid for but still un-issued shares the Yams bought with their kiddies piggy bank money. ?

[green glory]

How does that affect the paid for but still un-issued shares the Yams bought with their kiddies piggy bank money. ?

Funny I just asked #allisbarry about that, and Urine Locke's claims of a £3m budget for next season.

Silence.

[brog]

Ah okay.

I agree with you on the accounts and stuff.

However, I still think that the commercial (ie insolvency) aspects will overtake HMFC long before it gets to Court. For one thing, the shares are now frozen and can't be transferred. The more I think about it, that is a nasty blow.

I wouldn't disagree with that. I do believe however that the focus of this story will soon move in the direction of fraud & criminal charges & that Yams, in common with Vlad's other non Lithuanian assets will be seen to have played a part in the great game. One problem then is that Vlad will make Craig Whyte look like a fit & proper owner & all at the SFA will be playing pass the blame parcel once again. Still, it continues to entertain & the Yams continue to give! Love it!

[greenginger]

I wouldn't disagree with that. I do believe however that the focus of this story will soon move in the direction of fraud & criminal charges & that Yams, in common with Vlad's other non Lithuanian assets will be seen to have played a part in the great game. One problem then is that Vlad will make Craig Whyte look like a fit & proper owner & all at the SFA will be playing pass the blame parcel once again. Still, it continues to entertain & the Yams continue to give! Love it!


Its the money laundering for the Russian Mafia I want to see linked to the Yams. They are seriously nasty people making money out of extremely vile practices.

To think the skim off the top went to fund the success of the "Heart and Soul of Edinburgh" for the past 6 years.

[CropleyWasGod]

How does that affect the paid for but still un-issued shares the Yams bought with their kiddies piggy bank money. ?

The new shares aren't anything to do with UBIG, so they aren't frozen.

Where the Share Certificates are (indeed, where the cash is) , however, is a different story

[Treadstone]

The new shares aren't anything to do with UBIG, so they aren't frozen.

Where the Share Certificates are (indeed, where the cash is) , however, is a different story

Apparently getting sent out after AGM according to #allisbarry

[CropleyWasGod]

Apparently getting sent out after AGM according to #allisbarry

Has notice been given of the AGM?

[Mikey]

Apparently getting sent out after AGM according to #allisbarry

He's already told us that they would be sent out in mid March.

You would think that, when David Southern calls him up and tells him what to say, that in instances like this he would actually have the balls to question it.

And do we have a date for the AGM, or is that just a moving target?

[Mikey]

And while we're on the subject of complete and utter buffoons (well we might not have been, but we certainly are now :greengrin) I see that monumental roaster Craigyboy from over the road is poking his nose into the Kickback/FOH thing. This is the same guy who repeatedly says that there's nothing for them to be worried about.

If there's nowt to worry about sonny then why are you rubbing shoulders with the blazer wearing, badge polishing, "I know something you don't know and I'm not telling" brigade?

This is one sticky without bus fares that should stick to stickers :greengrin

[Treadstone]

Has notice been given of the AGM?


He's already told us that they would be sent out in mid March.

And do we have a date for the AGM, or is that just a moving target?

http://www.scotsman.com/edinburgh-evening-news/football/hearts/hearts-share-certificates-to-be-issued-after-agm-1-2849430

To be fair to Barry, he has been a bit busy this week with the HBOS goings on and two puff pieces with Blobbo and Golden Shower Gary.

[Mikey]

http://www.scotsman.com/edinburgh-evening-news/football/hearts/hearts-share-certificates-to-be-issued-after-agm-1-2849430

To be fair to Barry, he has been a bit busy this week with the HBOS goings on and two scoops with Blobbo and Golden Shower Gary.

Barry really could do with checking the stuff that David Southern sends him before he puts it up..........


Hearts fans who bought shares in the club will get their certificatse after the AGM

[Eric]

He's already told us that they would be sent out in mid March.

You would think that, when David Southern calls him up and tells him what to say, that in instances like this he would actually have the balls to question it.

And do we have a date for the AGM, or is that just a moving target?

I believe it was planned that the AGM would be held in April. With 21 days notice required they are cutting it rather fine.:wink:

[Mikey]

I believe it was planned that the AGM would be held in April. With 21 days notice required they are cutting it rather fine.:wink:

I heard they were going to hold it on the 47th of April :greengrin

[Jack Hackett]

As far as the cash for the 'share' issue goes, wouldn't that have been spent as soon as it came in, given that they had a separate tax bill outstanding on top of the 'wee' tax case at that time? Not to mention their sudden ability to pay wages regularly. Wouldn't be at all like vlad to use hertz/his money to pay bills when other peoples was available

[Mikey]

As far as the cash for the 'share' issue goes, wouldn't that have been spent as soon as it came in, given that they had a separate tax bill outstanding on top of the 'wee' tax case at that time? Not to mention their sudden ability to pay wages regularly. Wouldn't be at all like vlad to use hertz/his money to pay bills when other peoples was available

Yep, it's long gone.

[scoopyboy]

http://www.scotsman.com/edinburgh-evening-news/football/hearts/hearts-share-certificates-to-be-issued-after-agm-1-2849430

To be fair to Barry, he has been a bit busy this week with the HBOS goings on and two scoops with Blobbo and Golden Shower Gary.

Two points guv;

1. There is only one of me
2. I never wish to see my name in the same sentence as those two puddle drinking deviants again.

:greengrin:greengrin:greengrin:

flag::flag::flag::flag:

ggtth

[Aldo]

What share issue would that be then? What money, what certificate? :lolyam:

Quality

But mon let's get serious for a minute. The wee fat jaikey one has said they would have a budget of 3 million quid????? PMSL at this

However remember
#allisNOTbarry

Bunch of heed in the sand muppets

[Phil D. Rolls]

Its the money laundering for the Russian Mafia I want to see linked to the Yams. They are seriously nasty people making money out of extremely vile practices.

To think the skim off the top went to fund the success of the "Heart and Soul of Edinburgh" for the past 6 years.

I wonder how long ago this was first mentioned on here - I'm guessing Summer 2005.

[Treadstone]

Two points guv;

1. There is only one of me
2. I never wish to see my name in the same sentence as those two puddle drinking deviants again.

:greengrin:greengrin:greengrin

Edited. Apologies.:aok:

[Golden Bear]

More potential financial worries for Hearts. Radio Scotland 810 medium wave, 6:10pm, all will be revealed.

That sounds like promising news to me on the eve of the semi final.

[Mikey]

More potential financial worries for Hearts. Radio Scotland 810 medium wave, 6:10pm, all will be revealed.

That sounds like promising news to me on the eve of the semi final.

Or they've been reading hibs.net :greengrin

[SteveHFC]

More potential financial worries for Hearts. Radio Scotland 810 medium wave, 6:10pm, all will be revealed.

That sounds like promising news to me on the eve of the semi final.

http://www.oesquema.com.br/trabalhosujo/wp-content/uploads/2011/09/lunatic-tunes-02.gif

http://24.media.tumblr.com/tumblr_mac3x3mzkj1ruj2iwo1_400.gif

http://freeemoticonsandsmileys.com/animated%20emoticons/Cartoon%20Animated%20Emoticons/donald%20duck%20dance.gif

[Jack Hackett]

More potential financial worries for Hearts. Radio Scotland 810 medium wave, 6:10pm, all will be revealed.

That sounds like promising news to me on the eve of the semi final.

Is there an internet link for this?

[Treadstone]

More potential financial worries for Hearts. Radio Scotland 810 medium wave, 6:10pm, all will be revealed.

That sounds like promising news to me on the eve of the semi final.

Getting the hopes up here. BBC have form for this and probably rehashing the morning story freezing Vlads assets and severed heads.

[LancsHibs]

Right it's 18:10, make my day:greengrin:greengrin

[Hibs07p]

Apparently also discussing tomorrows SC game.

http://www.bbc.co.uk/sport/0/scotland/21267690

[Golden Bear]

Getting the hopes up here. BBC have form for this and probably rehashing the morning story freezing Vlads assets and severed heads.

:agree:

Absolutely correct ---------- poor Vlad has had his assets frozen and there are possible implications for the sale of Tynie. My heart bleeds, it really does.

:cb

[Jack Hackett]

Apparently also discussing tomorrows SC game.

http://www.bbc.co.uk/sport/0/scotland/21267690

Cheers :aok:

[CyberSauzee]

Anything new from the Beeb?

[Jack Hackett]

Anything new from the Beeb?

Nope. Just a re-hash of info on here

[Mikey]

Nope. Just a re-hash of info on here

We really do need to start billing them :greengrin

[CyberSauzee]

Nope. Just a re-hash of info on here

Ta.

[Jack Hackett]

We really do need to start billing them :greengrin

Maybe they'll nominate us for the 'Investigative Journalist of the Year Award' :greengrin

[Dashing Bob S]

We really do need to start billing them :greengrin

Sometimes a consolidation of good news is better than new good news. Gives you time to savour it a bit more.

It ain't looking good for them.

Can't wait to see their response, how difficult and increasingly ludicrous it must be to continually do the 'irresponsible journalism, everything's okay' bit, when you have no money and the prospect of none, other than some buttons you can extract from a rapidly dwindling band of gullible clowns.

[Jack Hackett]

Sometimes a consolidation of good news is better than new good news. Gives you time to savour it a bit more.

It ain't looking good for them.

Can't wait to see their response, how difficult and increasingly ludicrous it must be to continually do the 'irresponsible journalism, everything's okay' bit, when you have no money and the prospect of none, other than some buttons you can extract from a rapidly dwindling band of gullible clowns.

Latest ploy is to only charge a fiver for the St Mirren game.

[Springbank]

I but in Lithuanian. Need to work on delivery. :-)

Haha it wasn't meant to mean me, meant it as "you heard it on Hibs.net first, yet again"

:flag::flag:

[Kato]

They owe it to themselves, so now's the time to take the cash in question out of Pocket A, and place it in Pocket B. (3D instructions available at the Hearts shop for the hard of thinking, only £15.)


Anything new from the Beeb?

Yeah. Some bird called Thatcher died apparently.

[Eyrie]

Not sure how the Yams can have an AGM when the accounts still aren't available. I wonder if the auditors are stalling on signing anything in the hope that that they go bust first?

[green glory]

Yeah. Some bird called Thatcher died apparently.

Some **** called Thatcher you mean?

[Kato]

Some **** called Thatcher you mean?

That's what I said, I think.

[nonshinyfinish]

http://www.oesquema.com.br/trabalhosujo/wp-content/uploads/2011/09/lunatic-tunes-02.gif

:faf:

[Denverhibby]

That's what I said, I think.

Talking about thatcher. What a year it could be,
Thatcher gone
Sevco back into admin
Yams heading to Sunday league
And Hibs winning the cup
Any bets on that

[CropleyWasGod]

Talking about thatcher. What a year it could be,
Thatcher gone
Sevco back into admin
Yams heading to Sunday league
And Hibs winning the cup
Any bets on that

And Judy Garland at Number 1 where she belongs. :not worth

[Chibs]

And Judy Garland at Number 1 where she belongs. :not worth
Got told today that thatcher ***d more miners than jimmy saville

[clerriehibs]

And Judy Garland at Number 1 where she belongs. :not worth


Ding dong! :music:

[Caversham Green]

Not sure how the Yams can have an AGM when the accounts still aren't available. I wonder if the auditors are stalling on signing anything in the hope that that they go bust first?

Theoretically they can have the AGM without the accounts - they would defer adoption of the accounts to a later EGM, but it's very bad form (as is a share offer without up do date financial information) and would only be done in exceptional circumstances. If I was the auditor what you suggest is pretty much what I would be doing. Something has to happen now, and I'd be waiting to see what that something was before committing my opinion to paper.

[greenginger]

How close to an " insolvency event " of a parent company does the Lithuanian Court's action in freezing all UBIG's assets come ?

What is the most likely next move /? Can we do anything to help ( not Them of course ) ?

[Caversham Green]

How close to an " insolvency event " of a parent company does the Lithuanian Court's action in freezing all UBIG's assets come ?

What is the most likely next move /? Can we do anything to help ( not Them of course ) ?

The action of freezing the assets is not in itself an insolvency event - it appears to have come about because of a suspicion of malpractice rather than insolvency - but if UBIG's bank accounts are among the assets that have been frozen (and I see no reason why they wouldn't be) then UBIG are effectively paralysed as far as trading goes and insolvency is likely to follow very quickly.

I reckon this is looking more serious for them than I initially thought - I can't really see a way out for them.

[Jack Hackett]

The action of freezing the assets is not in itself an insolvency event - it appears to have come about because of a suspicion of malpractice rather than insolvency - but if UBIG's bank accounts are among the assets that have been frozen (and I see no reason why they wouldn't be) then UBIG are effectively paralysed as far as trading goes and insolvency is likely to follow very quickly.

I reckon this is looking more serious for them than I initially thought - I can't really see a way out for them.

Don't knock yourself out :greengrin

[Dashing Bob S]

One of the ongoing conceits of fools who land themselves in big trouble, is 'it doesn't matter where the money comes from." On the contrary, it does, and after seven years of hubris, they are about to find this out.

I'm anticipating a really terrible week ahead for Hearts.

Late last week's news was a game changer in my book, and it'll be interesting to see how they try to assimilate the ramifications of it.

More revelations to come over the next few days I should imagine.

[jgl07]

How are Hearts going to get a license to compete next season if they cannot publish audited accounts. Surely not even the most trusting Auditor can sign off their accounts on the basis on ongoing support from UBIG?

Without the implied support, Hearts with £32 million in debt and money owing to HMRC must be seen as insolvent? The authorities may not be as lenient this time as last year.

Of course if they had not them in to the SFA before UKIO went bust it may have been different. They couldn't have could they?

[CropleyWasGod]

How are Hearts going to get a license to compete next season if they cannot publish audited accounts. Surely not even the most trusting Auditor can sign off their accounts on the basis on ongoing support from UBIG?

Without the implied support, Hearts with £32 million in debt and money owing to HMRC must be seen as insolvent? The authorities may not be as lenient this time as last year.

Of course if they had not them in to the SFA before UKIO went bust it may have been different. They couldn't have could they?

They could have had them into the SFA before the deadline. We can't know that, although I think it unlikely.

However:-

1. UKIO going bust is neither here nor there for the auditors, of itself. It doesn't help the going-concern judgement, of course, but it's not as important as, for example, UBIG going into administration. See Cav's earlier posts for his view on the auditors' difficulties.

2. the licensing requirements don't actually say that a club can't play if they fail to meet them. There are a number of sanctions available, ranging from fines through to expulsion.

[s.a.m]

Graham Stack‏@GrahamStack11h (http://www.hibs.net/GrahamStack1/status/323701750089535488)Can all cash converters, trade & exchange outlets and car boot sales keep an eye out for the Scottish cup & a Lithuanian trying to sell it!

[Treadstone]

I haven't heard of any appeal concerning the freezing of the mad ones assets. I know he had 7 days. Is this the usual practice ? Or is he using the time to get all his ducks in a row etc ? Would the financial guys expect an appeal ?

[Malthibby]

Graham Stack‏@GrahamStack11h (http://www.hibs.net/GrahamStack1/status/323701750089535488)Can all cash converters, trade & exchange outlets and car boot sales keep an eye out for the Scottish cup & a Lithuanian trying to sell it!

:thumbsup:He's the man.
GG

[21.05.2016]

Graham Stack‏@GrahamStack11h (http://www.hibs.net/GrahamStack1/status/323701750089535488)Can all cash converters, trade & exchange outlets and car boot sales keep an eye out for the Scottish cup & a Lithuanian trying to sell it!

:thumbsup: nice one Stacky!

[justlikebrazil]

Graham Stack‏@GrahamStack11h (http://www.hibs.net/GrahamStack1/status/323701750089535488)Can all cash converters, trade & exchange outlets and car boot sales keep an eye out for the Scottish cup & a Lithuanian trying to sell it!
Stacky knows its pay day tomorrow :greengrin

[Andy74]

Graham Stack‏@GrahamStack11h (http://www.hibs.net/GrahamStack1/status/323701750089535488)Can all cash converters, trade & exchange outlets and car boot sales keep an eye out for the Scottish cup & a Lithuanian trying to sell it!

If he means Romanov, he's Russian!

[ballengeich]

If he means Romanov, he's Russian!

Born in Russia, but he's a Lithuanian citizen now.

[Dashing Bob S]

I haven't heard of any appeal concerning the freezing of the mad ones assets. I know he had 7 days. Is this the usual practice ? Or is he using the time to get all his ducks in a row etc ? Would the financial guys expect an appeal ?

It unclear to me whether the freezing of the assets is to do with financial procedures, regarding the non-viability of his enterprises, or, as seems more likely and is potentially far, far, more damaging to Hearts, the result of a legal investigation concerning where the money that was being passed around those businesses in the UBIG group came from. Hearts, of course, as part of this group, will be very much involved in any such inquiry.

They used to say -they don't anymore- that they only owe the debt to themselves. We may soon see exactly just what they've been owing to themselves for the last seven years, where it came from, and who are those other 'selves' their club has been associated with.

[CropleyWasGod]

It unclear to me whether the freezing of the assets is to do with financial procedures, regarding the non-viability of his enterprises, or, as seems more likely and is potentially far, far, more damaging to Hearts, the result of a legal investigation concerning where the money that was being passed around those businesses in the UBIG group came from. Hearts, of course, as part of this group, will be very much involved in any such inquiry.

They used to say -they don't anymore- that they only owe the debt to themselves. We may soon see exactly just what they've been owing to themselves for the last seven years, where it came from, and who are those other 'selves' their club has been associated with.

Much as I love the prospect of a Grisham-type saga, I am not sure it will play out like this. These types of investigations are normally slow and tortuous; by the time there is any resolution, the commercial world will have caught up with HMFC. If the freezing of the assets becomes permanent, I'm struggling to see how they can get out of this.

[Dashing Bob S]

Much as I love the prospect of a Grisham-type saga, I am not sure it will play out like this. These types of investigations are normally slow and tortuous; by the time there is any resolution, the commercial world will have caught up with HMFC. If the freezing of the assets becomes permanent, I'm struggling to see how they can get out of this.

Don't think we're necessarily at odds here; I'm struggling to see how the frozen assets can be be unfrozen while any legal investigations are ongoing. Which, as you suggest, will likely take some time, particularly if there's any indication that there will be prosecutions. That would doubtlessly mean appeals and counter appeals, and the result might be a dormant Hearts for the duration, possibly years. It's becoming increasingly difficult to conceive of how they can put a team out, in any league, next year.

[ScottB]

Don't think we're necessarily at odds here; I'm struggling to see how the frozen assets can be be unfrozen while any legal investigations are ongoing. Which, as you suggest, will likely take some time, particularly if there's any indication that there will be prosecutions. That would doubtlessly mean appeals and counter appeals, and the result might be a dormant Hearts for the duration, possibly years. It's becoming increasingly difficult to conceive of how they can put a team out, in any league, next year.

I'd take it to mean that they'll have to become a 'full' newco, unlike Rangers they won't be able to even pretend to be a continuation, because of the old club and its assets being tied up in criminal investigations. Some group of Yams will create a Hearts AFC or some such, set up shop elsewhere and hope to buy the original club's name / ground / whatever in the future. See how newco Fiorentina where called Florentina Viola for a few years till the liquidation of the original club was complete and they could then buy the rights to the name.

[CropleyWasGod]

I'd take it to mean that they'll have to become a 'full' newco, unlike Rangers they won't be able to even pretend to be a continuation, because of the old club and its assets being tied up in criminal investigations. Some group of Yams will create a Hearts AFC or somesuch and set up shop elsewhere and hope to buy the original club's name / ground / whatever in the future. See how newco Fiorentina where called Florentina Viola for a few years till the liquidation of the original club was complete and they could then buy the rights to the name.

... all of which will be so much cheaper and cleaner for them, and which I have been suggesting to Yam mates for a few years.

[greenginger]

http://verslas.delfi.lt/ukiobankas/


Vlad's making a fight of it. He is suing the Lithuanian State for stealing his money. :greengrin


* translator problems with that site !

[CropleyWasGod]

http://verslas.delfi.lt/ukiobankas/


Vlad's making a fight of it. He is suing the Lithuanian State for stealing his money. :greengrin


* translator problems with that site !

That'll keep things frozen. :greengrin

[ScottB]

... all of which will be so much cheaper and cleaner for them, and which I have been suggesting to Yam mates for a few years.

Yeah definitely, might be harder for them to try and parachute into SFL3 though than it was for Rangers.

I can't see why anyone would consider trying to keep the club going in its current state, even given emotional considerations, it just doesn't seem sensible.


I guess the other option would be to buy another club, Airdrie style. I was surprised Rangers didn't go that route, but then they got all obsessed with pretending to still be the same club I suppose...

[grunt]

http://verslas.delfi.lt/ukiobankas/
Not very clear, but ...


Vladimir Romanov gives Lithuania and Lithuanian bank to court and seek compensation in damages (129)

April 2013. 15 d. 19:01

Failed "Farm bank owner Vladimir Romanov gives the court the State of Lithuania and Lithuanian bank. Application, the former banker says that the state and Lithuanian bank cheated it and requires an order damages. Required may amount to 70 million litas, announces LNK "Knowledge."

Informal knowledge, V. Romanov application states that all economic difficulties of the bank, for which the Bank of Lithuania to shut down the central bank has been known for several years ago. After the bank "Snoras collapse themselves with the Bank of Lithuania has agreed an action plan. It provides what you need to do Economy Bank, to avoid Snoras fortune. They say that 90 per cent. these actions Economy Bank fulfilled, and only his condition has improved, the Bank of Lithuania to shut down.

"Attorneys ask, I do not know anything. I could not find anything, just signed, the lawyer prepared. I know nothing. I'm not a businessman. I am an athlete. Goodbye, I do not want anything to calculate and know - LNK told V. Romanov.

His lawsuit against the state, and served on the Bank of Lithuania Vilnius Regional Court, and paid 50 thousand. LTL stamp duty. Its application to revoke Lithuanian bank's decision to limit economic activities of the Bank, appointed him an administrator, and then to the bank to transfer balances Siauliai Bank. It also requires the state to order on the Lithuanian bank decisions V. Romanov suffered financial harm. Amount of the claim does not request that the court calculated lost V. Romanov asset.

Day before the economic collapse of the bank, V. Romanov held bank holding exchange was worth about 70 million. LTL. Experts question whether an entrepreneur really such a sum would have received if they tried to sell. For exchange of such shares by the purchaser, is unlikely to occur. In addition, the audit disclosed to the bank's financial problems.

[CropleyWasGod]

Not very clear, but ...

I know nothing. I'm not a businessman. I am an athlete.

Classic.

[Hibby70]

I know nothing. I'm not a businessman. I am an athlete.

Classic.
I'm getting that on a tshirt.

[JeMeSouviens]

Yeah definitely, might be harder for them to try and parachute into SFL3 though than it was for Rangers.

I can't see why anyone would consider trying to keep the club going in its current state, even given emotional considerations, it just doesn't seem sensible.


I guess the other option would be to buy another club, Airdrie style. I was surprised Rangers didn't go that route, but then they got all obsessed with pretending to still be the same club I suppose...

Think the rules were changed after Clydebank/Airdrie so that's not an option any more.

[lapsedhibee]

Some group of Yams will create a Hearts AFC or some such, set up shop elsewhere and hope to buy the original club's name / ground / whatever in the future. See how newco Fiorentina where called Florentina Viola for a few years till the liquidation of the original club was complete and they could then buy the rights to the name.

Maybe "Hearts Trumpets" in the interim then?

[Prof. Shaggy]

Maybe "Hearts Trumpets" in the interim then?

Brilliant!

[Mikey]

I know nothing. I'm not a businessman. I am an athlete.

Classic.

Sounds very similar to the recent....

I know nothing. I'm not a businessman. I am a jounalist.

#allisathletic

[Dashing Bob S]

I'd take it to mean that they'll have to become a 'full' newco, unlike Rangers they won't be able to even pretend to be a continuation, because of the old club and its assets being tied up in criminal investigations. Some group of Yams will create a Hearts AFC or some such, set up shop elsewhere and hope to buy the original club's name / ground / whatever in the future. See how newco Fiorentina where called Florentina Viola for a few years till the liquidation of the original club was complete and they could then buy the rights to the name.

Those assets that are frozen for the duration of the investigation, they must surely include the PBS and player contracts?

[CropleyWasGod]

Those assets that are frozen for the duration of the investigation, they must surely include the PBS and player contracts?

Don't think so. They, as far as we know, are still owned by HMFC.

It's UBIG's assets that are frozen, ie its shares in HMFC. I know it's a pedantic distinction, but in theory they are still HMFC's to sell.

[Dashing Bob S]

Don't think so. They, as far as we know, are still owned by HMFC.

It's UBIG's assets that are frozen, ie its shares in HMFC. I know it's a pedantic distinction, but in theory they are still HMFC's to sell.

So the ownership of the club is effectively frozen, unless they can find somebody would be stupid enough to buy those shares.

The only people in the known universe, and even this is now an outside possibility, would be Hearts fans themselves.

They have to try it on; surely there's going to be one last, massive, departing sting!

[CropleyWasGod]

So the ownership of the club is effectively frozen, unless they can find somebody would be stupid enough to buy those shares.

The only people in the known universe, and even this is now an outside possibility, would be Hearts fans themselves.

They have to try it on; surely there's going to be one last, massive, departing sting!

Even stupid people aren't allowed to buy them :greengrin

That said, UBIG don't own all the shares. Stupid people might want to buy the ones they don't own. :cb

[Kato]

I know nothing. I'm not a businessman. I am an athlete.

Classic.

Was going to pick out the exact same bit on reading it.

Top quality Vladness from the man himself.

[Springbank]

http://verslas.delfi.lt/ukiobankas/

Third picture down - is that the Lithuanian Rod Petrie or what?

[greenginger]

http://www.delfi.lt/news/daily/lithuania/kaip-vromanovo-ukio-bankas-padejo-pralobti-buvusio-fntt-vado-seimai.d?id=61153405


A new article on Vlad , his bank, UBIG and his associates but all in Lithuanian :confused:

Over to the Hibs.net Enigma operators. :greengrin

[CropleyWasGod]

http://www.delfi.lt/news/daily/lithuania/kaip-vromanovo-ukio-bankas-padejo-pralobti-buvusio-fntt-vado-seimai.d?id=61153405


A new article on Vlad , his bank, UBIG and his associates but all in Lithuanian :confused:

Over to the Hibs.net Enigma operators. :greengrin

Vladimir, he say "I am not an athlete, I am a dancer."

[MrSmith]

Vladimir, he say "I am not an athlete, I am a dancer."

Maybe he say: I not a thief, I is a chancer!

[#FromTheCapital]

16th today which means its supposed to be payday, although to be honest I can't see why wages would be a problem for the rest of the season.

However, if they weren't to be paid today..... :thumbsup::nanafunk::partyhibb

[Treadstone]

http://www.delfi.lt/news/daily/lithuania/kaip-vromanovo-ukio-bankas-padejo-pralobti-buvusio-fntt-vado-seimai.d?id=61153405
A new article on Vlad , his bank, UBIG and his associates but all in Lithuanian :confused:

Over to the Hibs.net Enigma operators. :greengrin

Ran it through Babelfish here is the result. Bit long winded so I have put it in four parts.


Regis, an inconspicuous building in the old town of Kaunas,krūvonsuvedėbig money and law enforcement, political and business elite still owned by it recently.These individuals are in fact eksparlamentarė, socialdemokratė S Boreikienė, her husband, former head of financial crime investigation service (FCIS) Guide to Joe Boreika and the Bank's Empire developer Vladimir Romanov.
DELFI, v.Boreikienėsand r.Boreikos, carried out the pre-trial investigation has revealed not only the Boreikųlinks with The Bank.Also revealed is not less interesting background, how to flourish started now property for a few million dollars with v.Boreikienė. Turns out, a large investment it has received interest-free loans from her former husband and her own subjects, but many of the alleged lender prisiekinėj one pamenantysinvestigators, that would be something of a former Commander of the FCIS skolinę wife.Although the ruins of the prosecutors late last year, reported a study on the Boreikų activity of the subject cut off, for now, this decision by the Prosecutor General's Office again. It is not excluded that the investigation can be upgraded.

The Bank's business logic: the 55,000, it returns
In the center of this story in one building, located in the old town of Kaunas, Vilnius g. 39. This building helped Boreikoms get rich, while researchers led to say the least, strange Bank Holding companies and related financial transactions.That the pre-trial investigation hit this building and the same Bank Holding, DELFI confirmed to the Prosecutor General added organised crime and corruption investigation department Prosecutor James V Anderson.
"Yes, there's not everything revolves (around premises in Vilnius (g) 39 – DELFI"), but this was one of the episodes, "said s. V Anand.
premises in Vilnius 2008 g. 39 of Boreikų bought the company "Sinvita", atseikėjusi them more than 3.36 million. molded. For this amount, the company acquired the 139-square-foot catering premises and 216,42 sq.m. (m) commercial facilities. The real deal was funded by The Bank, "Sinvitai" paskolinęs for the purchase of the premises necessary for the money, and then on the hard grounds of perceived himself to have been the real grąžintoju of the loan.
In the course of the investigation, the data available for DELPHI, it was found that the Bank "Sinvitai" lent 993 thousand. million (almost EUR 3,43. Lt), for a loan by the pledge of the premises referred to in Kaunas, Vilnius has been g. 39.
The first interesting fact is that almost a million euros to a loss of agricultural Bank of skolino operating company, which shortly after receiving this loan forgave nearly all the employees: DELFI available data, in July 2008 by "Sinvitoje" left workers 74 6.
But even more interesting is the fact that close to a million euros for the Bank Holding Company paskolinęs immediately undertook to pay close to the company as much as lent. DELFI, immediately after the "Sinvitos" with the Boreikomis of the transaction, in June 2008, the Bank became a leaseholder, incurring all of these premises, the monthly pay after 35,442 thous. Lt rental – or $ 100 per square meter. This, according to the study, more than two times higher than the average cost of rent in the old town of Kaunas. Under these conditions, The Bank undertook to rent premises for 10 years – exactly as long as the loan amounted to "Sinvitai" the term. During the 10 years of the Bank "Sinvitai" would be paid nearly 3.29 million. Lt rental is just less than the same bank has lent for the purchase of those premises.
Another stranger seems to be the fact that, according to the study, pay a lot of rent of premises used Farm committed to the Bank. DELFI available material indicates that the location of the offices of the investigators have found establish "Athlete" and "Steak House" and locked the door of the Bank activity in the premises of išsinuomojusio signs.
Just last April, when investigators have also explored what v. Bank of Romanovo requires such transaction with the "Sinvita" Vilniaus g. 35 opened The Bank's Customer Service Department – this was one of the last steps in the development of the Bank.
Whether the new Department was indeed needed, or that only the Bank was trying to justify the deal with "Sinvita" – it remains anyone's guess. Although all the constructions of Kaunas branch of the Agricultural Bank operated, located in Liberty Avenue, just a few hundred yards away.
in July 2008 the "Sinvitai" in the lead, a former Agricultural Bank and started An investment group (ŪBIG) of the bank employee Hassan Vaičiulytė. It is already becoming "Sinvitos" Director, in August 2009, the company Boreikų bought the premises in Vilnius still g. 39-76,6 sq. (m) not fitted with a loft. For this property, DELPHI knowledge, "Sinvita", atseikėjo 99 Boreikoms thous. Lt. Last deal was funded by the Office of the President of the Board at the time of ŪBIG Deputy Boris Dementavičiūtė. By the way, they borrowed the funds and interest (for a total of more than 100 thousand. Lt) ŪBIG Manager returned within about three months.

[Treadstone]

It continues.


V.Boreikienės: thegenerouslendersandnepamenantysthatsomeoneskolin o


​On the activities of the law enforcement Boreikų a few years ago approached the Prime Minister's Office held at that time Andrius Kubilius. The Conservative leader first premises in Vilnius užkliuvo g. 39 fluctuations in the value of V Boreikienė those premises that sold septynissyk more expensive than those purchased. The truth is, there's a. Kubilius to it or not, as far as the sutirštino colors. Mat V Boreikienė this property purchased in 1996, when its market price could really achieve about 480 thousand. Lt."There is no there is no contradictory information. Investigation: was paid (for accommodation in DELFI) as much as you deserve. Was the only version of the form letter to the Prime Minister, that sold out seven times more expensive than those purchased. But it was incorrectly stated that the purchased in 2004, and sold in 2008 was actually purchased in 1996, the tax office has carried out an inspection, carried out an assessment. And found that the price at which you sold, basically in line with the market price of tuometę, DELFI said attorney s. V Anand.
But investigators on the other užkliuvo building tour from hand to hand.
The data available for DELPHI, the purchase of premises in Vilnius, g. Boreikienė, v. 39, pointed out that the money received by one of the politician and real estate marketing network "to" the founders George Emmanuel Ortizui a ui for an "Supervisata" shares of the company for the above 480 thousand. Lt. However, the researchers are interested in at this deal, and it's what the money itself v. Boreikienė bought "Supervisatos" shares. The main source of income, knowledge of DELPHI, the politician has made loans of the thirteen individuals, but none questioned the lender was unable to confirm the money V skolinęs. Boreikienei.
That such circumstances there have been endorsed and s. V Anand. "It was such a contradictory impressions. Some of the skolinę, the other neskolino neatsiminė "-nesileisdamas into the details, said the Prosecutor.
DELPHI knowledge, v. Boreikienė has declared a total borrowing of 331,89 thous. Lt. politikės to specify All lenders have had to be very well-meaning – because in each case, pointed out that the lender money politikei lends at no interest. The good lenders, DELFI, also did not require no deposit. But perhaps what's more interesting is the fact that the study interviewed 9 persons referred to recompense and none of them was able to confirm the funds skolinęs V Boreikienei.
The data available for DELPHI 7, respondents claimed the money politikei neskolinę, including former V. Boreikienės man Bo Ivanauskas, from which the socdemė has more than 49 thousand borrowing. Lt Still two persons investigators testified differently. Witness K V prisimenanti, said that investigators at the time someone skolino money, but neither of whom, nor how many at skolino. And witness William Swede confirmed speaking to v. Boreikiene on the loan. He, DELFI, did not have to sign the loan at a glance, but claimed the money neskolinęs.
The investigation revealed that v. skolinusis Boreikienė declared by persons whose details she was able to easily find out: was it for her relatives, ex-husband, "Supervisatos", which at the time was led by a woman, the staff.
DELPHI knowledge, the researchers reached a simple conclusion: v. Boreikienė, "Supervisatos" shares gained for the funds, the sources of which are unknown. However, the investigation has been suspended for a long time barred – responsibility for a dozen years before potentially committed deeds can no longer be applied.
In addition, according to s. Versecko, v. Boreikienės the lending transactions concerned referred to important documents have been destroyed.

"in 1995, the purchase of shares, v. Boreikienė they have declared to the tax authorities. The following declaration was adopted by the Inspectorate. The Declaration was adopted at the same time with all the supporting documents. Means, it was added to the total loan contracts. But after the expiration of the ten-year maximum period of storage, everything is destroyed. So someone out there to verify there is no chance, "commented one wave after the investigation the Prosecutor.

[Treadstone]

And...


Soldon the premises,with a clearloss
Well, and the premises in Vilnius (g) 39 traveled from hand to hand. DELFI knowledge from one bank of the associated with the Holding Company to another.During the investigation, several premises to check the purchase-sale transactions, at the time of the transactions at the time of the former subject to market prices. in 2008, the purchase of facilities from Boreikų, "Sinvita" paid after 9.5 thous. Lt per square metre. Meanwhile, the real estate company "Inreal", while the old building in the old town of Kaunas in the first floor rooms costing between 5 – 6.5 thous. Com for "square". As far as the higher price for the same period refers to the "Ober-Haus": according to the statistics, in May 2008, the shopping area in the old town of Kaunas has cost from 4,5 to 8 thousand. Lt per square metre.
Shortly after the acquisition of the premises of the Boreikų, "Sinvita" has apparently loss-making sale of the premises in the bargain. The Bank expects the Economy to "Optimal asset management" in August 2010, the premises on the first floor of the same building sold for EUR 3 million. Lt – after about 8,46 thous. Lt per square metre.
Although smaller than in the case of a transaction with the Boreikomis, and this price significantly by market averages. The Mat at the time had already been įsibėgėjęs property prices fall. "Ober-Haus, the premises of the old town of Kaunas, then, for the commercial was paid for from 3.6 up to 5,5 thous. Lt.
The company "Optimal asset management" in October 2010 and sold by Boreikų purchased the eaves. For this deal, "Sinvita" got even a little more than a paid Boreikoms per 100 thous. Lt.

The Centre of registers of data supplied by DELFI, "Sinvita" has changed many times shareholders. For some time the largest shareholder was the already mentioned "optimal asset management company", and now is mainly "Sinvitos" owned by another company, closely related to the ŪBIG ŪBIG akcininkei, "the associated asset management". This company registered in Kaunas, k. Donelaičio g. 60 – at the same address as ŪBIG.
(Not)died
Kaunas public prosecutors have decided to terminate the proceeding in respect of the Boreikų. Some epizoduose the investigation stated that responsibility cannot be applied due to a statute of limitations, the other would not (A) the offences referred to in the complaint ... affordable web hosting features.
However, the Prosecutor General's Office has decided to view the ruins of the prosecutors gathered the material and assess whether justifiably interrupted this pretrial investigation. This was confirmed by the General Prosecutor's Office of DELFI organised crime and corruption investigation Department Chief Prosecutor Lawrence Arun.
"So, the pre-trial investigationmaterial is taken. However,we are notyetmadea decision(whetherto update thestudyinDELPHI). You reallycan'tpredict, "saidArunI..

[Treadstone]

Finally


V.Boreikienė: it'sa politicalcrackdown on
V. Boreikienė argued only by DELFI is aware that her and her husband, interrupted pretrial investigation again found themselves in the hands of prosecutors. DELFI has a politician thinks it would be a political crackdown in consequence of the investigation update.
"Appreciate as a political crackdown. There is no such thing, where would be a violation of the laws of the Republic of Lithuania. And that, I guarantee. If such things happen, it is above the law ",-said v. Boreikienė.
"Only of you have learned. And that's going to some secret actions, this užkulisiniai is a fact of life, "added the interviewed person.
Asked to comment on his relationship with The Bank, the politician said that coming down to the details.
"Ican guaranteeto you, as a journalist, that everything isbluff. The studies areinterrupted.The Prosecutor's Officetwiceinvestigated, nothing isfound, the case isterminated. Moredo not haveanythingto comment on, "saidv.Boreikienė.
Preparinga warmplace?
In the elections to the Sejm V Pernykščiuose. Boreikienė was recorded in the number of socdemų in the list of 32. Such a position, it would be the location of the Parliament (Seimas) garantavusi, but the politician has received relatively little priority votes and swept through about two dozen positions down, as on the side of the Parliament. But DELPHI knowledge, it may soon lay claim to a new high. True, farm Minister Lucien Vėsaitė and her team still tentatively accepted on completion of these duties.
Unofficial data from the Ministry of Agriculture, DELPHI is considering merging the two business support agencies, disponuojančias in European Union funds: "Invest in Lithuania" and "Versli" in Lithuania. After joining, according to the sources, the new institution of DELPHI Executive Chair can hit the former wife of the Commander of the FCIS.
Minister of economy b. Vėsaitė DELFI claimed that the ongoing audit, after which it is decided what to do with those two agencies. "Now there are carried out the audit. When I will have the results of the audit, in fact we are then we will take a decision, "the Minister explained.
Currently,there are no plansto combinethe agenciesthemselves. "So far,there is nosuch plans," saidb.Vėsaitė.

[Geo_1875]

Maybe he say: I not a thief, I is a chancer!

Or more likely "I'm not the Messiah, I'm just a very naughty boy."

[Dashing Bob S]

A lot to get through there, and I confess I gave up- it would have been easier to read in Lithuanian. Through my rose-tinted specs, I prefer to think of it as more bad news for Hearts.

[greenginger]

A lot to get through there, and I confess I gave up- it would have been easier to read in Lithuanian. Through my rose-tinted specs, I prefer to think of it as more bad news for Hearts.


Just for you Bob, the Russian/English version.

http://rapsinews.com/judicial_news/20130416/267043588.html


If Vlad is serious, this could tie the Yams up in knots for years, if not decades. :greengrin

[Dashing Bob S]

Just for you Bob, the Russian/English version.

http://rapsinews.com/judicial_news/20130416/267043588.html


If Vlad is serious, this could tie the Yams up in knots for years, if not decades. :greengrin

Thank you my friend!

This stinks of one of those high-handed counter-attacks to throw the authorities off the scent/make them back down/come to the table to negotiate, but I suspect its the start of a process to keep him at liberty for as long as possible.

Agree, it doesn't look good for the Yams. A shame.

[theonlywayisup]

Thank you my friend!

This stinks of one of those high-handed counter-attacks to throw the authorities off the scent/make them back down/come to the table to negotiate, but I suspect its the start of a process to keep him at liberty for as long as possible.

Agree, it doesn't look good for the Yams. A shame.

Does anyone know what the natives across the road are saying in Kickback?

[CropleyWasGod]

Does anyone know what the natives across the road are saying in Kickback?

5-1

[Treadstone]

A lot to get through there, and I confess I gave up- it would have been easier to read in Lithuanian. Through my rose-tinted specs, I prefer to think of it as more bad news for Hearts.


Just for you Bob, the Russian/English version.
http://rapsinews.com/judicial_news/20130416/267043588.html
If Vlad is serious, this could tie the Yams up in knots for years, if not decades. :greengrin

Two different stories here, the one I got from greengingers earlier link and ran through babelfish for a rough translation looks like a corruption investigation by 'Delfi' a newspaper I think.

Ran it again through google translate (http://translate.google.com/#lt/en/) and it seems a particularly dirty story. A politician and her husband, an FCIS officer (financial crime lackey) and the mad one.

The smelling of rat was apparent when a loan was paid back almost right away after 'sinvita' purchased a building. The bank moved in and paid double what the place was worth in rent over a 10 year period paying almost the same as the original loan. I am guessing but i think the gist is the loan never existed.

The stench of rodents was further evident as the bank that moved in already had premises a couple of hundred yards away.

It looks like the politician got this at a discount price, paid with money 'loaned' from Vlad, let him move in and recouped (and more) the near genuine sale price from exorbitant rent.

Documents are destroyed after ten years, the maximum period of storage, so it is difficult to prove this and statute of limitations may be applied. The Organised Crime and Corruption Investigation Department chief prosecutor is on the case and may re-open the investigation. The politician seems quite relaxed about it.

Whenever I see a wee picture like the one below it usually is a tangled and dirty web.

http://g3.delfi.lt/images/pix/530x0/1e1ca2d0/boreiku-rysiai-su-ukio-banku-61160913.jpg

[clerriehibs]

5-1



:not worth

[Spike Mandela]

Well, did they get paid yesterday?

[CraigHibee]

Well, did they get paid yesterday?

i heard they got part payment by being given surplus stock of "believe" t-shirts, balloons, keys rings and pens

[Treadstone]

i heard they got part payment by being given surplus stock of "believe" t-shirts, balloons, keys rings and pens

There is 500,000 of them.:aok:

[green glory]

i heard they got part payment by being given surplus stock of "believe" t-shirts, balloons, keys rings and pens

And a month's supply of fairy cakes. At least they won't go hungry.

[Hermit Crab]

Well, did they get paid yesterday?

Think they've got the cash to pay their players until the end of the season due to the cup final they lost.

[Aldo]

Think they've got the cash to pay their players until the end of the season due to the cup final they lost.

Did /or has that money not been withheld??

[CropleyWasGod]

Did /or has that money not been withheld??

Was a Hibs.net murmur, IIRC.

[Aldo]

Was a Hibs.net murmur, IIRC.

Thought I'd read it somewhere. So if it appears in here it must be more than a murmur?? ;-)

[CropleyWasGod]

Thought I'd read it somewhere. So if it appears in here it must be more than a murmur?? ;-)

Think it has to be independently verified by at least 3 posters, overheard in Greggs, scribbled on the lavvy wall at ER, and accompanied by the word "fact" in capitals.

FACT.

[Aldo]

Think it has to be independently verified by at least 3 posters, overheard in Greggs, scribbled on the lavvy wall at ER, and accompanied by the word "fact" in capitals.

FACT.

Does hearing it on a no 26 bus count?? Obviously with the word "FACT" added somewhere??

[green glory]

Does hearing it on a no 26 bus count?? Obviously with the word "FACT" added somewhere??

If only it was accompanied with 'END OF', then and only then would I give it the time of day.

[Aldo]

If only it was accompanied with 'END OF', then and only then would I give it the time of day.

So "ENDOF" & "FACT" then it may be believed. Noted!!

[HUTCHYHIBBY]

Sounds very similar to the recent....

I know nothing. I'm not a businessman. I am a jounalist.

#allisathletic

I'm not an elephant I'm an human being - Steve Fulton

[Phil D. Rolls]

Does hearing it on a no 26 bus count?? Obviously with the word "FACT" added somewhere??

Official Statement

Only if the bus is parked at the Clermiston terminus. Anything heard east of Joppa is guaranteed gobtripe.

FACT

[MrSmith]

I asked @allisbarry yesterday and as yet, no reply!

[EdinMike]

I think now I've come to terms with the fact they'll be here till the summer.

That's when it'll all get a bit interesting... sorry complex ?! Or what every Barry said !

[Newry Hibs]

I think the BBC Sports web site people are just practising for next season .....

http://www.bbc.co.uk/sport/football/scottish-third-division

Hearts are the first team mentioned under the headlines ....:greengrin

[Hermit Crab]

Did /or has that money not been withheld??

I'm really not sure. Kind of lost touch with it all recently.

[soda70]

2 interesting reads about Mad Vlad, pmsl, apologies if already been posted, but just catching up:) just copy and paste the links enjoy

http://m.15min.lt/en/article/business/two-ways-of-killing-a-bank-cases-of-vladimir-romanov-and-vladimir-antonov-527-308654

http://m.15min.lt/en/article/business/owner-of-collapsed-ukio-bankas-vladimir-romanov-sues-lithuania-and-central-bank-527-326362

[Moon unit]

Maybe due to its state of the art Asbestos lining, excellant use of Lagging and keeps all the Hot Air in!..

[Treadstone]

2 interesting reads about Mad Vlad, pmsl, apologies if already been posted, but just catching up:) just copy and paste the links enjoy

http://m.15min.lt/en/article/business/two-ways-of-killing-a-bank-cases-of-vladimir-romanov-and-vladimir-antonov-527-308654


"It is therefore doubtful if administrators will be able to sell Ūkio Bankas' assets for the price they were valued at in its balance sheets.

For example, a piece of forest land was valued at 60 million litas, whereas its actual market price is closer to one million."

Wow. Just wow.

[soda70]

Its only a matter of time surely when someone from Eastern Europe want their money back. I wonder how much the PBS is actually worth?

[Hibercelona]

Its only a matter of time surely when someone from Eastern Europe want their money back. I wonder how much the PBS is actually worth?

Nowt. Asbesto's is vastly outdated and is also very toxic.

No wonder they all have brain damage.

[hibbypostie]

it does not even metion the yams never mind the stadium being valued at 100m bit of a let down with that thread headline:greengrin

[greenginger]

http://vz.lt/article/2013/4/18/lietuvos-bankas-kreipsis-i-teisma-del-bankroto-bylos-iskelimo-ukio-bankui


The Lithuanian administrator has ordered the bankruptcy of the remainder of Ukio Bankas.

BDO being brought in as auditors. Hopefully some debts due being called in from a Pink Palace not far from here. :greengrin

[PatHead]

I know they are on a different scale but the fan ownership at Ebbsfleet is struggling. Hearts surely come somewhere closer to that than Barcelona. http://www.bbc.co.uk/sport/0/football/22190256

[hibs0666]

http://vz.lt/article/2013/4/18/lietuvos-bankas-kreipsis-i-teisma-del-bankroto-bylos-iskelimo-ukio-bankui


The Lithuanian administrator has ordered the bankruptcy of the remainder of Ukio Bankas.

BDO being brought in as auditors. Hopefully some debts due being called in from a Pink Palace not far from here. :greengrin

Does this mean that UBIG will not have to make any debt repayments to Ukio Bankas, but that all the UBIG-related securities will now be called in?

Assuming that UBIG does not have a pot to piss in the liquidation of UBIG, due to a failure to repay its debts to Ukio Bankas, cannot be far away. :thumbsup:

May and June just got much more interesting. :flag: :thumbsup: :thumbsup:

[Ozyhibby]

http://vz.lt/article/2013/4/18/lietuvos-bankas-kreipsis-i-teisma-del-bankroto-bylos-iskelimo-ukio-bankui


The Lithuanian administrator has ordered the bankruptcy of the remainder of Ukio Bankas.

BDO being brought in as auditors. Hopefully some debts due being called in from a Pink Palace not far from here. :greengrin

At the very least from Ubig.

[ancient hibee]

Romanov sues Lithuania-that's the way to do it.

[#FromTheCapital]

Romanov talking more pish for anyone who fancies a laugh.... http://www.heartsfc.co.uk/articles/20130418/vr-no-regrets_2241384_3148767

[Treadstone]

Romanov talking more pish for anyone who fancies a laugh.... http://www.heartsfc.co.uk/articles/20130418/vr-no-regrets_2241384_3148767


Vladimir Romanov today spoke of his pleasure at being part of "destiny" during his time with Hearts.
Mr Romanov was also unequivocal in stating he had no regrets about his £60 million investment in Hearts and the resultant on-field success the club (http://www.heartsfc.co.uk/articles/20130418/vr-no-regrets_2241384_3148767#) enjoyed in the last eight years.
​Mr Romanov stated: "I have no regrets. I have memories for a lifetime. Destiny has rewarded me for the money I have spent. It rewarded me for what I can be proud of. If I would have another £60m, I would invest another £60m (in the club)."You need to live this life and appreciate what is happening. You are investing in the culture of the country, where support plays a very important role in this country. And show me one more country in the world like this. Maybe Brazil or Argentina can compare."People are happy in this culture, they are developing, growing up, trying to improve the culture and they are fighting for that."To date, during his involvement with the club, he has overseen two Scottish Cup wins, five European campaigns including a Champions League qualification, one of the greatest European nights in Hearts' history with the 1-1 result against Liverpool at Anfield and a record-equalling SPL opening game win sequence.Without hesitation he confirmed his highlights were those shared by many Hearts fans. Smiling, he said: "The two Scottish Cups. It is very important. I don't know if the fans will remember me or not. But I think they will remember these moments that if you believe, if you go for it, everything is possible. You can win the Scottish Cup. You can be champions but you have to go for it."And commenting on his strategy while at Hearts, he was adamant: "Sometimes it is very difficult to fight some people but you understand at this moment if you don't do it then you can't improve and do better for your own club. I was fighting for the spirit of the team to remain in the club and not go away - it was quite hard."I think it is better to be a fan rather than the owner!"And on the point of possible supporter ownership, Mr Romanov confirmed that he was open to a realistic and viable offer for the club from its supporters (http://www.heartsfc.co.uk/articles/20130418/vr-no-regrets_2241384_3148767#)."We have a plan basically to sell 51% to fans. We agree that. Maybe we won't realise that straight away but we would like to realise that. I don't know how fast it will happen but our aim is to make it happen."The club is surviving on its own. It's covering its own expenses. It's working. Before the club had losses but now the club is making a tiny profit."And asked about the price that the club might be sold for, he stated: "To give it as a gift maybe not. When you buy something, when you put some effort in, you value it more, you appreciate it more. I don't care about the price. It is the club that will advise the price per share. It has to make sense according to the club's situation."And finally after being asked if he would return to Tynecastle soon, he beamed: "I would like one more time to swim in Loch Ness and also to see the moment when Hearts become champions!"

zzzzzzz

[Prof. Shaggy]

zzzzzzz

"I would like one more time to swim in Loch Ness and also ......!"

Why not open your mouth and make yourself a hostage to fortune, Vladimir?

[clerriehibs]

Romanov talking more pish for anyone who fancies a laugh.... http://www.heartsfc.co.uk/articles/20130418/vr-no-regrets_2241384_3148767

Wasnae his money to spend, the yam fud!!

[hibs0666]

"I would like one more time to swim in Loch Ness and also ......!"

Why not open your mouth and make yourself a hostage to fortune, Vladimir?

He'll be opening his mouth plenty when Mr Bigski gets him in Kaunas jail.

[Treadstone]

As someone on here stated before his assets were frozen, if he wants to sell to the fans what is stopping him ?:blah:

[JeMeSouviens]

Aye, I'll bet he has no regrets. Turns out it wasn't his money!!! :rolleyes:

[greenginger]

£ 60 million spent over and above the income the club produced and he thinks 2 Cup wins and a few European humpings are a fantastic return ! :confused:

Chucking money at football never fails to bring short term success, and I bet with that kind of money a Hibs.net Committee would have more success running Spartans than that imbecile was able to manage at the Yamteam. :greengrin

[Treadstone]

£ 60 million spent over and above the income the club produced and he thinks 2 Cup wins and a few European humpings are a fantastic return ! :confused:

Chucking money at football never fails to bring short term success, and I bet with that kind of money a Hibs.net Committee would have more success running Spartans than that imbecile was able to manage at the Yamteam. :greengrin

For £60m - debt could have been cleared , new or re-developed stadium and own training ground purchased. Bit hard for us the last few years . We have played the long game.

http://en.cigar-wiki.com/images/6/6c/Cigar_lighting2.jpg

[Gus Fring]

Lets see here


Vladimir Romanov today spoke of his pleasure at being part of "destiny" during his time with Hearts.Mr Romanov was also unequivocal in stating he had no regrets about his £60 million investment in Hearts and the resultant on-field success the club enjoyed in the last eight years.

2 Scottish Cup wins? So that's 6 seasons of nowt



​Mr Romanov stated: "I have no regrets. I have memories for a lifetime. Destiny has rewarded me for the money I have spent. It rewarded me for what I can be proud of. If I would have another £60m, I would invest another £60m (in the club).

it wasn't your money in the first place though was it Vlad? The reason you don't have "another" 60m is that the authorities are in to you. Is Destiny a stripper that helped run the club or something?


"You need to live this life and appreciate what is happening. You are investing in the culture of the country, where support plays a very important role in this country. And show me one more country in the world like this. Maybe Brazil or Argentina can compare."People are happy in this culture, they are developing, growing up, trying to improve the culture and they are fighting for that."

Changed his tune now. Previously he's done nothing but lay into the culture in this country. Mafia, monkeys, Mowgli etc...


To date, during his involvement with the club, he has overseen two Scottish Cup wins, five European campaigns including a Champions League qualification, one of the greatest European nights in Hearts' history with the 1-1 result against Liverpool at Anfield and a record-equalling SPL opening game win sequence.

A draw against Liverpool reserves. Seriously?


Without hesitation he confirmed his highlights were those shared by many Hearts fans. Smiling, he said: "The two Scottish Cups. It is very important. I don't know if the fans will remember me or not. But I think they will remember these moments that if you believe, if you go for it, everything is possible. You can win the Scottish Cup. You can be champions but you have to go for it."

If you believe, or if you spend money you don't have. Trust me Vlad, the yams will remember you. You'll be up there with other remembered football chairman such as Craig Whyte, Derek Masterton and Ken Bates



And commenting on his strategy while at Hearts, he was adamant: "Sometimes it is very difficult to fight some people but you understand at this moment if you don't do it then you can't improve and do better for your own club. I was fighting for the spirit of the team to remain in the club and not go away - it was quite hard."I think it is better to be a fan rather than the owner!"

This has given us some of the funniest statements in footballing history, see the aforementioned mafia etc


And on the point of possible supporter ownership, Mr Romanov confirmed that he was open to a realistic and viable offer for the club from its supporters."We have a plan basically to sell 51% to fans. We agree that. Maybe we won't realise that straight away but we would like to realise that. I don't know how fast it will happen but our aim is to make it happen.

You can't do anything you moron, your assets are frozen! If you had wanted it done it would have happened by now.


"The club is surviving on its own. It's covering its own expenses. It's working. Before the club had losses but now the club is making a tiny profit."

In a year with a Scottish Cup win, A euro tie against Liverpool a deferred tax bill, a "last game", numerous donations from School kids giving up Xmas, bake sales and the estates of dead hearts fans, a share (non) issue, player sales and releases and a league cup final. Hardly a replicable business model.


And asked about the price that the club might be sold for, he stated: "To give it as a gift maybe not. When you buy something, when you put some effort in, you value it more, you appreciate it more. I don't care about the price. It is the club that will advise the price per share. It has to make sense according to the club's situation

"I'm not selling for buttons (or cakes)"


"And finally after being asked if he would return to Tynecastle soon, he beamed: "I would like one more time to swim in Loch Ness and also to see the moment when Hearts become champions!"

More chance of seeing Nessie!

[s.a.m]

Radio Forth News‏@RadioForthNews7m (http://www.hibs.net/RadioForthNews/status/324948793307062273)Hearts have announced Darren Barr and Gordon Smith will not have their contracts renewed at the end of the season

[GreenCastle]

Lets see here



2 Scottish Cup wins? So that's 6 seasons of nowt




it wasn't your money in the first place though was it Vlad? The reason you don't have "another" 60m is that the authorities are in to you. Is Destiny a stripper that helped run the club or something?



Changed his tune now. Previously he's done nothing but lay into the culture in this country. Mafia, monkeys, Mowgli etc...



A draw against Liverpool reserves. Seriously?



If you believe, or if you spend money you don't have. Trust me Vlad, the yams will remember you. You'll be up there with other remembered football chairman such as Craig Whyte, Derek Masterton and Ken Bates




This has given us some of the funniest statements in footballing history, see the aforementioned mafia etc



You can't do anything you moron, your assets are frozen! If you had wanted it done it would have happened by now.



In a year with a Scottish Cup win, A euro tie against Liverpool a deferred tax bill, a "last game", numerous donations from School kids giving up Xmas, bake sales and the estates of dead hearts fans, a share (non) issue, player sales and releases and a league cup final. Hardly a replicable business model.



"I'm not selling for buttons (or cakes)"



More chance of seeing Nessie!

:top marks

[grunt]

Romanov talking more pish for anyone who fancies a laugh.... http://www.heartsfc.co.uk/articles/20130418/vr-no-regrets_2241384_3148767
Looks like Hearts have just repackaged the BBC story from 2 April.
Contains same words.

http://www.bbc.co.uk/sport/0/football/21997929

[Gus Fring]

Looks like Hearts have just repackaged the BBC story from 2 April.
Contains same words.

http://www.bbc.co.uk/sport/0/football/21997929

Well Spotted! I wonder why they would do this now? Another story to keep the Yams happy? Or to keep up the pretence that they are still in touch with him?

[robinp]

Well Spotted! I wonder why they would do this now? Another story to keep the Yams happy? Or to keep up the pretence that they are still in touch with him?

I wonder if #allisbarry writes for their site. Copying other peoples stories is his MO after all!

[proud_and_green]

Romanov talking more pish for anyone who fancies a laugh.... http://www.heartsfc.co.uk/articles/20130418/vr-no-regrets_2241384_3148767

Some cracking comments on keechbag, like this:

Beats



1st Team Squad Member

Paid Member

17,374 posts

Donator



Posted Yesterday, 16:06

What a wonderful read. I genuinely love that man and ill be eternally thankful for everything he has done for our club.

God bless you Mr Romanov.

[Phil D. Rolls]

it does not even metion the yams never mind the stadium being valued at 100m bit of a let down with that thread headline:greengrin

I think it is mostly Yamfuds that have been repeating that figure. You know what they are like, don't you? :hmmm:

[Bill Milne]

I think it is mostly Yamfuds that have been repeating that figure. You know what they are like, don't you? :hmmm:

I think this arose from Romanov vastly overvaluing assets to make Ukio Bankas' balance sheet look better.

[#FromTheCapital]

Some cracking comments on keechbag, like this:

Beats



1st Team Squad Member

Paid Member

17,374 posts

Donator



Posted Yesterday, 16:06

What a wonderful read. I genuinely love that man and ill be eternally thankful for everything he has done for our club.

God bless you Mr Romanov.

In the not too distant future it will be us that are eternally thankful for everything he has done for their club.

[worcesterhibby]

Not so much about what he has "done for the club"

more that thanks to him the "Club are done for"

[Malthibby]

Some cracking comments on keechbag, like this:

Beats



1st Team Squad Member

Paid Member

17,374 posts

Donator



Posted Yesterday, 16:06

What a wonderful read. I genuinely love that man and ill be eternally thankful for everything he has done for our club.

God bless you Mr Romanov.

:greengrinThat has be an undercover Hibee, shurely?

[Sioux]

Here's a beauty from overby:

"He has made many mistakes but we have always paid our tax bills, paid our players and paid the local small family run shops."

Couldnae be hibby wi 1,600 posts surely?

[lord bunberry]

Here's a beauty from overby:

"He has made many mistakes but we have always paid our tax bills, paid our players and paid the local small family run shops."

Couldnae be hibby wi 1,600 posts surely?

With delusion on that scale he could be anything

[HIBERNIAN-0762]

I really think they know there time is up and just putting a brave face (a stupid one of course) and they just don't get the fact he has (like the previous owner) shafted them big time, hopefully it won't be long now before they are out of sight and out of mind...:agree:

[cocopops1875]

Here's a beauty from overby:

"He has made many mistakes but we have always paid our tax bills, paid our players and paid the local small family run shops."

Couldnae be hibby wi 1,600 posts surely?

Weirdly that's a low post count over there, seems to be some frightening numbers on some of those roasters

[Peevemor]

Weirdly that's a low post count over there, seems to be some frightening numbers on some of those roasters

Probably due to many of them being restricted as to when they can leave their house (during school hours for example).

[cocopops1875]

Probably due to many of them being restricted as to when they can leave their house (during school hours for example).

Could very well be the case 😉, I know there are a few guys on here who have massive post counts but was honestly shocked at the number over there with 10k 20k and even 30k posts

[Gus Fring]

These repeated statements do have a large whiff of them trying to tell everyone that #AllIsBarry. They know they're snookered. Everything is clicking in to place nicely, Vlads assets are frozen preventing a sale, Tynecastle is still tied up in the mess of Ukio Bankas, there's a good chance accounts haven't been submitted yet.

Also, the striking off proposal is still active and I believe it was filed on the 25th of January which means 25th of April is when the 90 days are up. I may be wrong though.

[NeilT]

Bankruptcy proceedings starting against Ukio Bank. The next phase begins.

http://www.lb.lt/the_bank_of_lithuania_will_apply_to_court_on_initi ation_of_bankruptcy_proceedings_against_ukio_banka s

[Geo_1875]

Bankruptcy proceedings starting against Ukio Bank. The next phase begins.

http://www.lb.lt/the_bank_of_lithuania_will_apply_to_court_on_initi ation_of_bankruptcy_proceedings_against_ukio_banka s

But surely once Vlad's legal proceedings against Lithuania and the State Bank are complete and he is totally vindicated and suitably recompensed all will be well in their world and they will return to their path to Universal domination? Or not....

[CropleyWasGod]

Also, the striking off proposal is still active and I believe it was filed on the 25th of January which means 25th of April is when the 90 days are up. I may be wrong though.

Are you sure about that?

[grunt]

It looks like Vlad has delayed Lithuania's entry to the Euro

http://www.15min.lt/en/article/business/prime-minister-ukio-bankas-bankruptcy-may-get-in-lithuania-s-way-towards-euro-adoption-527-327527

[theonlywayisup]

Weirdly that's a low post count over there, seems to be some frightening numbers on some of those roasters


Probably due to many of them being restricted as to when they can leave their house (during school hours for example).

What are you saying? Mikey has over 40,000 posts on here.

:take that

:cb

[Gus Fring]

Are you sure about that?

Admittedly no. The info came from a friend who works in finance who said that was the date the proposal was published in the London Gazette. That may mean more to you than it does to me.

[JeMeSouviens]

The temporary administrator of Ūkio bankas submitted to the Bank of Lithuania the interim report on the Bank’s financial standing as of 18 March 2013, prepared jointly with the audit firm KPMG Baltics. According to the report, the net value of the assets of Ūkio bankas, after the transfer of its assets and liabilities, is LTL 356.300 million, liabilities—LTL 1,583.14 million, i.e. the net value of the assets is by LTL 1,226.82 million less than its liabilities and, therefore, the Bank was and remains insolvent.

Out of total assets of LTL 356.3M, ie. approx. £90M, the value of the bus shelter is not insignificant. :wink: Can't see them giving it away a la Yam fantasies. :na na:

[cocopops1875]

What are you saying? Mikey has over 40,000 posts on here.

:take that

:cb
Lol it's more the amount of very high post count folk on there there are always gonna be a few but they seem to have loads