Share Transfers Agreed/Cooling off period

[Mango Man]

http://i.imgur.com/xilCM.gif

hahahaha. :greengrin

[Mikey]

And just to add a big dollop of cream on top of that........ it's pay day in a fortnight :greengrin

:lurksub:

[Liberal Hibby]

Yeah, but swept away when UKIO took a security of £6.8m over it in (?) December.

So essentially if Hearts are to avoid liquidation they have to find £6.8 million in the next 10 days - before UKIO's liquidators start coming for their recoverable assets?

[Cameron1875]

http://i.imgur.com/Ay29K.jpg

[SmashinGlass]

It is still possible that hearts could gamble to be in a mathematically uncatchable position (ie relegation impossible) then stuck themselves in admin

Yes, but they would require Dundee to lose every remaining game

[Purehibee_MYB]

http://i.imgur.com/xilCM.gif


:top marks Summed up perfectly

[SteveHFC]

http://i.imgur.com/xilCM.gif

:thumbsup:

[Waxy]

Surely every Hibbys reply to the 1-5 gesture is "Aye thats right, 15 million debt killed yous off"

[WestEndHibee]

I hope you chaps don't think those appalling Kickback gifs will be a long term addition :wink:

http://www.hmfckickback.co.uk/public/style_emoticons/default/yas!.gif

[lord bunberry]

Yes, but they would require Dundee to lose every remaining game

I can think of at least one game Dundee might win

[Bostonhibby]

Yes, but they would require Dundee to lose every remaining game

:agree: Cannae see us beating Dundee too, shame :faf:

[Gus Fring]

Yes, but they would require Dundee to lose every remaining game

What a bizarre game that would be against Dundee. Might be the first time we cheer a Hibs loss.

[Green Blood]

Foundation of Hearts reveal their kitty prior to making bid to buy HMFC

http://i599.photobucket.com/albums/tt80/russkay/images-6_zps8c0f0fc2.jpg (http://s599.photobucket.com/user/russkay/media/images-6_zps8c0f0fc2.jpg.html)

[Lee Marvin]

http://i.imgur.com/xilCM.gif

Phenomenal find.

[WestEndHibee]

Foundation of Hearts reveal their kitty prior to making bid to buy HMFC

http://i599.photobucket.com/albums/tt80/russkay/images-6_zps8c0f0fc2.jpg (http://s599.photobucket.com/user/russkay/media/images-6_zps8c0f0fc2.jpg.html)

:thumbsup:

[Viva_Palmeiras]

A long, long time ago
I can still remember how their football used to make me smile
And I knew if I had my chance
That vlad could make those People dance
And maybe they'd be happy for a while


But February made them shiver
With every paper Would deliver
Bad news on the doorstep
They couldn't take one more step


I can't remember if I cried
When I read about the weakened side
But something touched me deep inside
The day the jambos died


[Chorus]
So bye-bye, vladimir say goobye
Drank my Bevy all of heavy, then the heavy ran dry
And them good old boys were thinkin big cups well buy
Singin' "This'll be the day that We die
This'll be the day that We die"

[darwenhibby]

Big Nishy to score the goal to Keep Dundee in the SPL.

I would be merely applauding the efforts of an ex Hibernian player.

C'mon "Make it Happen"

[Phil D. Rolls]

Surely the Yam in the street is not going to take this lying down? You have to wonder where all the protests and open letters have gone. Maybe my memory is playing tricks, but IIRC they were going to kill the previous owner because he wanted them to leave Tynecastle.

Now there is not a peep.

[Gatecrasher]

:partyhibb

[Green Blood]

Dad, I want a Hibs top for Christmas!!

http://i599.photobucket.com/albums/tt80/russkay/images-7_zps8ee0a9e8.jpg (http://s599.photobucket.com/user/russkay/media/images-7_zps8ee0a9e8.jpg.html)

[cabbageandribs1875]

http://designspiration.net/data/l/1730931181282_9EbPIKEv_l.jpg

[Denverhibby]

Took this from kick back- Thy seem a bit worried about trees

Jumpers for goal posts up the Meadows ... where it all began.

I'd happily ask the council to build us a stadia somewhere, we lease it back and let the Administrators have Tynie.


Only thing I'd take is the Scottish Cups and that huge tree at the nursery ... I like looking at the top of that when things are going bad and think how tall can a tree get ...

I think you better get a few trees cause things are about to get bad

[Waxy]

I'll start with me.
I know what date they died.

[Bostonhibby]

Surely the Yam in the street is not going to take this lying down? You have to wonder where all the protests and open letters have gone. Maybe my memory is playing tricks, but IIRC they were going to kill the previous owner because he wanted them to leave Tynecastle.

Now there is not a peep.

They are planning a strongly worded letter, hopefully in time for next Sundays Sunday Post, and this is only the beginning, by August (holidays allowing) there will be another letter to Dave Cameron telling him who they are and how unfair it all is and he better do something about it because they won a war.

By August or maybe September if their wives agree, the activists numbers will have risen from the original hard core of 4 to as many as 7 and they will have moved from the golf club snug to protesting outside the parliament building, so long as they get back from Asda in time. Even as we speak they are looking at material samples so they can have matching yellow shirts and some casual slacks knocked up so as to make the right impression. The pressure is mounting, can you hear them mobilising? :trumpet:

[Off the bar]

say they do struggle on till after June 1st then go straight into admin on the second. 6-2 has a nice ring to it! harder to do on your hands mind.

[Green Blood]

Hearts fans' group chairman Ian Murray insists a hearing in Lithuania over the future of parent company Ukio Bankas is unlikely to damage the club.


What a useless roaster these boys have as their head honcho!! Hope he's involved in all the negotiations, should accelerate their demise

[Springbank]

May I recommend the Springbank 15yo malt, green and black box, available in villeneuve wines on Broughton st...

[Ringothedog]

say they do struggle on till after June 1st then go straight into admin on the second. 6-2 has a nice ring to it! harder to do on your hands mind.

Not for yams it isn't

[kdhibees1]

http://www.freefoto.com/images/2000/02/2000_02_53---Number-Two_web.jpghttp://stuartfrew.files.wordpress.com/2009/11/dscn20472.jpg

[Aldo]

When this is indeed confirmed I will be collating all those photos, Sergio, bale etc and posting them in FB. This will be for the benefit of a yam I know and she hates Hibs. She thinks
#allisbarry and always will be and that we're just jealous of them. Farf!!

[Ringothedog]

Hearts fans' group chairman Ian Murray insists a hearing in Lithuania over the future of parent company Ukio Bankas is unlikely to damage the club.


What a useless roaster these boys have as their head honcho!! Hope he's involved in all the negotiations, should accelerate their demise

He is a Labour MP .....says it all really

[hibeeleicester]

They are planning a strongly worded letter, hopefully in time for next Sundays Sunday Post, and this is only the beginning, by August (holidays allowing) there will be another letter to Dave Cameron telling him who they are and how unfair it all is and he better do something about it because they won a war.

By August or maybe September if their wives agree, the activists numbers will have risen from the original hard core of 4 to as many as 7 and they will have moved from the golf club snug to protesting outside the parliament building, so long as they get back from Asda in time. Even as we speak they are looking at material samples so they can have matching yellow shirts and some casual slacks knocked up so as to make the right impression. The pressure is mounting, can you hear them mobilising? :trumpet:
Lets not get them riled up Kev!

They might just chuck a Russian hat about!

[Thecat23]

Mark Donaldson ‏@Donaldson00735m
Despite bankruptcy proceedings against UKIO Bankas, I’m led to believe the chance of Hearts going into administration remains slim.

No idea who he's speaking to, but not the same folk I Am!!!

[bingo70]

Mark Donaldson ‏@Donaldson00735m
Despite bankruptcy proceedings against UKIO Bankas, I’m led to believe the chance of Hearts going into administration remains slim.

No idea who he's speaking to, but not the same folk I Am!!!

has it not been said that admin could be skipped and straight to liquidation, don't even know if that's possible but thats maybe what he means? :wink: :greengrin

[matty_f]

Mark Donaldson ‏@Donaldson00735m
Despite bankruptcy proceedings against UKIO Bankas, I’m led to believe the chance of Hearts going into administration remains slim.

No idea who he's speaking to, but not the same folk I Am!!!

#allisbarry

[Dashing Bob S]

Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha hearts...:LOL::LOL::LOL::LOL::LOL::LOL::LOL::LOL:: LOL::LOL:

[Mikey]

Mark Donaldson ‏@Donaldson00735m
Despite bankruptcy proceedings against UKIO Bankas, I’m led to believe the chance of Hearts going into administration remains slim.

No idea who he's speaking to, but not the same folk I Am!!!

David Southern will have been on to him.

[robinp]

David Southern will have been on to him.

They have season tickets to sell in order to pay Southern's wages, of course he has!

[Off the bar]

Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha hearts...:LOL::LOL::LOL::LOL::LOL::LOL::LOL::LOL:: LOL:

this. great post. totally worth the effort :thumbsup:

[WestEndHibee]

I'll start with me.
I know what date they died.


http://i43.tinypic.com/21ae6m9.jpg


Holly has seen the light.

[Kenny1875]

http://www.hmfckickback.co.uk/index.php?/topic/127526-may-2nd-nothing-that-much-happened-historically/#entry3566371

[Green Blood]

http://i599.photobucket.com/albums/tt80/russkay/Grim-Reaper_zps7daa2b36.jpg (http://s599.photobucket.com/user/russkay/media/Grim-Reaper_zps7daa2b36.jpg.html)

[cam75]

Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha hearts...:LOL::LOL::LOL::LOL::LOL::LOL::LOL::LOL:: LOL::LOL:

Or watch this lol
http://m.youtube.com/watch?v=gFhrMiEvwYA

[HUTCHYHIBBY]

Took this from kick back- Thy seem a bit worried about trees

Jumpers for goal posts up the Meadows ... where it all began.

I'd happily ask the council to build us a stadia somewhere, we lease it back and let the Administrators have Tynie.


Only thing I'd take is the Scottish Cups and that huge tree at the nursery ... I like looking at the top of that when things are going bad and think how tall can a tree get ...

I think you better get a few trees cause things are about to get bad

The only things in nurseries those roasters are interested in are the bairns.

[Hibrandenburg]

Oi, I was just going to post that.

2/5 around the world. Get the 2 the right way round mind.

And you can even interpret it as a seven, me likey!

[#FromTheCapital]

Mark Donaldson ‏@Donaldson00735m
Despite bankruptcy proceedings against UKIO Bankas, I’m led to believe the chance of Hearts going into administration remains slim.

No idea who he's speaking to, but not the same folk I Am!!!

Sounds like he's been speaking to the Samaritans :wink:

[Thecat23]

David Southern will have been on to him.

Yeah he's just another puppet Mikey. Anyone connected don't want hearts to lose money. Season ticket sales etc.. Would take a hit if fans knew what was about to happen.

[Bostonhibby]

Lets not get them riled up Kev!

They might just chuck a Russian hat about!

:greengrin Ah yes, the hat, that'll do it, might just save them, erses! see you Saturday............

[Just Alf]

In a yam pub ( to watch footy later ) and 2 of the Yammish persuasion are actually quite tearful !


Shame :D

[Gus Fring]

http://i.imgur.com/ctyXFUs.gif

[Treadstone]

Mark Donaldson ‏@Donaldson00735m
Despite bankruptcy proceedings against UKIO Bankas, I’m led to believe the chance of Hearts going into administration remains slim.

No idea who he's speaking to, but not the same folk I Am!!!

And here is the man who wrote it, based in USA. Finger on the pulse ?

https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-prn1/942421_10151890825666562_1442427759_n.jpg

[Barney McGrew]

And here is the man who wrote it, based in USA. Finger on the pulse ?

https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-prn1/942421_10151890825666562_1442427759_n.jpg

Bloody hell, he's aged and added about three stone very quickly.

Must be all the cakes he bought at the bake sale.

[Sean1875]

http://i.imgur.com/ctyXFUs.gif

:faf:

[theonlywayisup]

No need to worry, according to Murray!

http://www.scotsman.com/sport/football/top-football-stories/ian-murray-confident-hearing-won-t-threaten-hearts-1-2916555

"There’s a political issue as well. Lithuania takes chairmanship of the European Council in October for six months. It’s the first time they’ve done it. and they want to be seen as a mature democracy and economy. The last thing the Lithuanian authorities want to do is bring down a football club in another capital city. I wouldn’t see how that’s in the interests of the creditors either."

Clutching at straws!!!!

A differing view from a Football finance expert:


I think it would be fair to assume that the administrator will not have any strong loyalty to Scottish football

http://www.bbc.co.uk/sport/0/football/22382617

[Thecat23]

And here is the man who wrote it, based in USA. Finger on the pulse ?

https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-prn1/942421_10151890825666562_1442427759_n.jpg

I didn't even know that was him at first mate. That's a beauty!

[Treadstone]

Sportsound link here (http://www.bbc.co.uk/sport/0/scotland/17325775)

[JohnStephens91]

Ian Murray is my MP and is a total roaster, wouldn't trust him with one of my jobbies let alone representing my constituency and representing a group of fans.

[KeithTheHibby]

New hashtag just provided by wee fat Robbo. On asked about today's developments he stated #statusquo


What a deluded arsepipe he is an all. **** em.

[tamig]

Sportsound link here (http://www.bbc.co.uk/sport/0/scotland/17325775)

Gary Cocke. "the threat of admin won't affect me talking to potential targets and bringing them to the club."
What a cock.

[Pretty Boy]

The complete lack of genuine concern on Kickback is startling.

Honestly seems like some of them don't care.

[Vini1875]

Surely hearts will resist any attempt at administration until the season is done. Relegation would be a double whammy. They pay whatever money they have from season tickets etc to avoid going down.

[Frazerbob]

Sportsound link here (http://www.bbc.co.uk/sport/0/scotland/17325775)

Gary Cock banging on about 14000 tickets being sold for Saturday.......aye at £5 a pop ya tube!

[hibee92]

http://media.tumblr.com/tumblr_m7y72pQHhF1r6p48c.gif

[Sir David Gray]

Surely hearts will resist any attempt at administration until the season is done. Relegation would be a double whammy. They pay whatever money they have from season tickets etc to avoid going down.

If the £15 million debt is called in, I don't think they'll have any option. :bye:

[Phil D. Rolls]

They are planning a strongly worded letter, hopefully in time for next Sundays Sunday Post, and this is only the beginning, by August (holidays allowing) there will be another letter to Dave Cameron telling him who they are and how unfair it all is and he better do something about it because they won a war.

By August or maybe September if their wives agree, the activists numbers will have risen from the original hard core of 4 to as many as 7 and they will have moved from the golf club snug to protesting outside the parliament building, so long as they get back from Asda in time. Even as we speak they are looking at material samples so they can have matching yellow shirts and some casual slacks knocked up so as to make the right impression. The pressure is mounting, can you hear them mobilising? :trumpet:

The 29 bus has been parked at Silverknowes a bit longer than usual, and the driver has been on his mobile phone for ages. I also saw a couple of furtive looks from a crowd assembled outside Tanfield bowling club.

Can I suggest that all Hibs fans keep their eyes open for any suspicous movements in their area, and keep us all up to date. We have to protect the Yams from themselves now.

[Hibs90]

Let's be honest here, its not going to happen lads.




















...

[LeighLoyal]

Gary Cocke. "the threat of admin won't affect me talking to potential targets and bringing them to the club."
What a cock.


To be fair they might need a few players to win the first divi

[.Sean.]

New hashtag just provided by wee fat Robbo. On asked about today's developments he stated #statusquo


What a deluded arsepipe he is an all. **** em.Aye well that mob are certainly going 'Down Down'

[InterviewLoI]

http://www.youtube.com/watch?v=fNqoLRy4VHw

Is this big Vlad by any chance?

[Glesgahibby]

New hashtag just provided by wee fat Robbo. On asked about today's developments he stated #statusquo


What a deluded arsepipe he is an all. **** em.
He said "the bank?" may look at it and say we're still making money:confused:
which "bank" is this,there is no "bank"
Why are people allowed to air views when they Realy
do not have a scooby.
he like the 400000 faithfull have had there head in the sand for so long
they Realy should by now have a grasp.

[WestEndHibee]

http://www.youtube.com/watch?v=fNqoLRy4VHw

Is this big Vlad by any chance?

:thumbsup:

[Treadstone]

Ian Murray is my MP and is a total roaster, wouldn't trust him with one of my jobbies let alone representing my constituency and representing a group of fans.

Jumped up councillor, neither talented or smart enough to go much further in politics. Probably try and hang on as MP for twenty years.

Won with 300+ majority although was to Lib Dems and they've soiled themselves as far as Scotland is concerned.

[mjhibby]

Mark Donaldson ‏@Donaldson00735m
Despite bankruptcy proceedings against UKIO Bankas, I’m led to believe the chance of Hearts going into administration remains slim.

No idea who he's speaking to, but not the same folk I Am!!!

Led to believe by whom.He is a typical jambo who just spouts absolute nonsense to convince himself and his fellow jambos that all is barry. Even john robertson admitted that administration is almost inevitable.The truth is nobody knows what will happen and they wont go into admin for at least ten days with the bankruptcy appeal timescale.They will probably make it to the end of the season but with a deBt repayment of over £1m to pay next year plus another £.5m to the taxman means they start the season minus £1.5m before they start paying the players etc.Even the most fervent hertz fan can see that they are royally screwed and can only hope they somehow come out of it in the spl and playing at the pbs. Most likely they will go into administration on june the 2nd and start next season minus 12 points
The fact that they are so deluded on sickbag that they cant see this will make all the funnier when it does happen.A most enjoyable soap opera with im sure a very happy ending(for hibs fans that is)

[Bostonhibby]

The 29 bus has been parked at Silverknowes a bit longer than usual, and the driver has been on his mobile phone for ages. I also saw a couple of furtive looks from a crowd assembled outside Tanfield bowling club.

Can I suggest that all Hibs fans keep their eyes open for any suspicous movements in their area, and keep us all up to date. We have to protect the Yams from themselves now.

Ha ha :thumbsup: do you think they are going to go for a high profile big bang approach and sit upstairs on the bus and complain loudly or just sit mumbling quietly to themselves downstairs? both strategies will be highly effective in yam terms and would definitely be a marked escalation to their previous efforts.

This bowling angle is a new and altogether more sinister development. I imagine the guy that sits at the door collecting names and 20p from non members will have to move to red alert and actually stand up.

Dangerous time to be in Edinburgh it seems, you have no way of telling when you might be confronted by a mob of 3 slightly perturbed but contemplative yams killing a bit of time before they get shouted in for their tea.

Wee Shaun Lawson is apparently crocheting a tea cosy in protest. It will be out in time for christmas.

[Macaroon]

http://i.minus.com/ibt9KV0pOZZpVx.gif

[Phil D. Rolls]

Ha ha :thumbsup: do you think they are going to go for a high profile big bang approach and sit upstairs on the bus and complain loudly or just sit mumbling quietly to themselves downstairs? both strategies will be highly effective in yam terms and would definitely be a marked escalation to their previous efforts.

This bowling angle is a new and altogether more sinister development. I imagine the guy that sits at the door collecting names and 20p from non members will have to move to red alert and actually stand up.

Dangerous time to be in Edinburgh it seems, you have no way of telling when you might be confronted by a mob of 3 slightly perturbed but contemplative yams killing a bit of time before they get shouted in for their tea.

Wee Shaun Lawson is apparently crocheting a tea cosy in protest. It will be out in time for christmas.

Just heard that it is kicking off at BHS, Ocean Terminal. Other danger points appear to be Waverley Station - large crowd milling around aimlessly; Morningside Library looking settled just now. We await the LRT back shift clocking off nervously.

Nasty scenes at Haymarket, as a crowd set to gather round the clock have been told it is "at the menders". Reinforcements arriving from Dickens bar, Dalry Road. No Russian hats visible at this point, but a couple of oversized Nisa carrier bags may point to sinister intents.

Leith polis have crushed rumours that a cruiser parked at the docks is "The Battleship Potemkin". One thing is certain, uncertainty reigns in the Capital, and most certainly will continue to do so.

More follows.......

[hibbypostie]

Nice of the BBC sport guy to wear his green suit & tie

[MoscowHibs]

Aye well that mob are certainly going 'Down Down'

Yip, they have listened to all those "Lies, Again and Again" so they get what they get when they "break the rules".

[Gus Fring]

Brian Mclauchlin live on BBC One just now.

He say's their are 3 possible outcomes.

1) Allow Hearts to keep servicing the debt as its interest only but that would leave the capital to be paid in 2 years

2) Find a buyer for the club

3) Put them into "the dreaded" administration.

[Bostonhibby]

Just heard that it is kicking off at BHS, Ocean Terminal. Other danger points appear to be Waverley Station - large crowd milling around aimlessly; Morningside Library looking settled just now. We await the LRT back shift clocking off nervously.

Nasty scenes at Haymarket, as a crowd set to gather round the clock have been told it is "at the menders". Reinforcements arriving from Dickens bar, Dalry Road. No Russian hats visible at this point, but a couple of oversized Nisa carrier bags may point to sinister intents.

Leith polis have crushed rumours that a cruiser parked at the docks is "The Battleship Potemkin". One thing is certain, uncertainty reigns in the Capital, and most certainly will continue to do so.

More follows.......

Yep, had a feeling it was the wrong time to offer big reductions on wool style cardigans and garishly bright pullovers, winter might well be finally over but mixing cheap man made fibres and the rebellious Gorgie hordes is just asking for trouble.

[Bostonhibby]

Yip, they have listened to all those "Lies, Again and Again" so they get what they get when they "break the rules".

:agree: Going down the dustpipe :greengrin

[Spike Mandela]

LateSt long tweet from Mark Donaldson.........


There's been plenty talk about the possibility of Hearts going into administration becasue of the financial problems with UKIO Bankas, but let's put aside the 'sensationalistic' journalism of some and take a moment to examine sensibly what could happen next.

The liquidation process against UKIO Bankas can be appealed, and even then any process for full liquidation could take months to carry out. Heart of Midlothian, of course, is just one of many businesses that banked with Ukio.

It's also important to think of the political angle here. Just how keen would the Lithuanian government be to close down a major Scottish institution? The country is set to take on EU presidency from 01 July 2013 for six months, therefore inter-country relations are very important to them right now.

By the way this isn't some sort of Pravda-esque diatribe, there are of course two sides to every story and Heart of Midlothian Football club is still liable for a very large amount of debt.

The Lithuanian government, or those working on their behalf with the UKIO Bankas case, will very quickly realise the club owes them a lot of money. However they will also realise there is next to no chance they will be able to recoup every last penny of that money.

That is where Supporter's Groups come in, or anyone else with cash who is keen to invest in our football club. If a realistic bid can be made to the Lithuanian government to take over the running of Hearts - just my opinion but I reckon circa 5 million - then there's more than a decent chance of the govt accepting the offer thinking 'xx million is better than 0 million'.

Should an offer for the football club not be forthcoming then we cannot forget there is also, of course, the chance the debt could be recalled, which Hearts would not be able to fulfil and administration would therefore likely follow - although this is something that, if it does happen, will not take place in the short term so there's practically no threat of relegation to Division One for Hearts next season.

To conclude, it's my belief that a reasonable seven figure offer for the football club - preferably sooner rather than later - would be entertained by the Lithuanian authorities as it would be one less thing for them to worry about when it comes to recouping as much money as possible.
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[Mikey]

LateSt long tweet from Mark Donaldson.........


There's been plenty talk about the possibility of Hearts going into administration becasue of the financial problems with UKIO Bankas, but let's put aside the 'sensationalistic' journalism of some and take a moment to examine sensibly what could happen next.

The liquidation process against UKIO Bankas can be appealed, and even then any process for full liquidation could take months to carry out. Heart of Midlothian, of course, is just one of many businesses that banked with Ukio.

It's also important to think of the political angle here. Just how keen would the Lithuanian government be to close down a major Scottish institution? The country is set to take on EU presidency from 01 July 2013 for six months, therefore inter-country relations are very important to them right now.

By the way this isn't some sort of Pravda-esque diatribe, there are of course two sides to every story and Heart of Midlothian Football club is still liable for a very large amount of debt.

The Lithuanian government, or those working on their behalf with the UKIO Bankas case, will very quickly realise the club owes them a lot of money. However they will also realise there is next to no chance they will be able to recoup every last penny of that money.

That is where Supporter's Groups come in, or anyone else with cash who is keen to invest in our football club. If a realistic bid can be made to the Lithuanian government to take over the running of Hearts - just my opinion but I reckon circa 5 million - then there's more than a decent chance of the govt accepting the offer thinking 'xx million is better than 0 million'.

Should an offer for the football club not be forthcoming then we cannot forget there is also, of course, the chance the debt could be recalled, which Hearts would not be able to fulfil and administration would therefore likely follow - although this is something that, if it does happen, will not take place in the short term so there's practically no threat of relegation to Division One for Hearts next season.

To conclude, it's my belief that a reasonable seven figure offer for the football club - preferably sooner rather than later - would be entertained by the Lithuanian authorities as it would be one less thing for them to worry about when it comes to recouping as much money as possible.
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They're certainly pushing the political side of things now. Interesting tactic!

[blindsummit]

Yip, they have listened to all those "Lies, Again and Again" so they get what they get when they "break the rules".

And we must have told them at least "forty five hundred times" that they were in trouble :greengrin

[Pretty Boy]

LateSt long tweet from Mark Donaldson.........


There's been plenty talk about the possibility of Hearts going into administration becasue of the financial problems with UKIO Bankas, but let's put aside the 'sensationalistic' journalism of some and take a moment to examine sensibly what could happen next.

The liquidation process against UKIO Bankas can be appealed, and even then any process for full liquidation could take months to carry out. Heart of Midlothian, of course, is just one of many businesses that banked with Ukio.

It's also important to think of the political angle here. Just how keen would the Lithuanian government be to close down a major Scottish institution? The country is set to take on EU presidency from 01 July 2013 for six months, therefore inter-country relations are very important to them right now.

By the way this isn't some sort of Pravda-esque diatribe, there are of course two sides to every story and Heart of Midlothian Football club is still liable for a very large amount of debt.

The Lithuanian government, or those working on their behalf with the UKIO Bankas case, will very quickly realise the club owes them a lot of money. However they will also realise there is next to no chance they will be able to recoup every last penny of that money.

That is where Supporter's Groups come in, or anyone else with cash who is keen to invest in our football club. If a realistic bid can be made to the Lithuanian government to take over the running of Hearts - just my opinion but I reckon circa 5 million - then there's more than a decent chance of the govt accepting the offer thinking 'xx million is better than 0 million'.

Should an offer for the football club not be forthcoming then we cannot forget there is also, of course, the chance the debt could be recalled, which Hearts would not be able to fulfil and administration would therefore likely follow - although this is something that, if it does happen, will not take place in the short term so there's practically no threat of relegation to Division One for Hearts next season.

To conclude, it's my belief that a reasonable seven figure offer for the football club - preferably sooner rather than later - would be entertained by the Lithuanian authorities as it would be one less thing for them to worry about when it comes to recouping as much money as possible.
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Surely that completely ignores the very real threat of administration faced by UBIG?

[lord bunberry]

LateSt long tweet from Mark Donaldson.........


There's been plenty talk about the possibility of Hearts going into administration becasue of the financial problems with UKIO Bankas, but let's put aside the 'sensationalistic' journalism of some and take a moment to examine sensibly what could happen next.

The liquidation process against UKIO Bankas can be appealed, and even then any process for full liquidation could take months to carry out. Heart of Midlothian, of course, is just one of many businesses that banked with Ukio.

It's also important to think of the political angle here. Just how keen would the Lithuanian government be to close down a major Scottish institution? The country is set to take on EU presidency from 01 July 2013 for six months, therefore inter-country relations are very important to them right now.

By the way this isn't some sort of Pravda-esque diatribe, there are of course two sides to every story and Heart of Midlothian Football club is still liable for a very large amount of debt.

The Lithuanian government, or those working on their behalf with the UKIO Bankas case, will very quickly realise the club owes them a lot of money. However they will also realise there is next to no chance they will be able to recoup every last penny of that money.

That is where Supporter's Groups come in, or anyone else with cash who is keen to invest in our football club. If a realistic bid can be made to the Lithuanian government to take over the running of Hearts - just my opinion but I reckon circa 5 million - then there's more than a decent chance of the govt accepting the offer thinking 'xx million is better than 0 million'.

Should an offer for the football club not be forthcoming then we cannot forget there is also, of course, the chance the debt could be recalled, which Hearts would not be able to fulfil and administration would therefore likely follow - although this is something that, if it does happen, will not take place in the short term so there's practically no threat of relegation to Division One for Hearts next season.

To conclude, it's my belief that a reasonable seven figure offer for the football club - preferably sooner rather than later - would be entertained by the Lithuanian authorities as it would be one less thing for them to worry about when it comes to recouping as much money as possible.
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The phrase clutching at straws comes to mind

[Craig_in_Prague]

The phrase clutching at straws comes to mind

"one less thing for them to worry about"
LOL

[carnoustiehibee]

@WelshIrvine: @Donaldson007 Never happen. Way too big a club.

[Pedantic_Hibee]

It would appear Donkey's pulsating dish-towel holder is twitching like a sh*tting dug....

[Gus Fring]

LateSt long tweet from Mark Donaldson.........


There's been plenty talk about the possibility of Hearts going into administration becasue of the financial problems with UKIO Bankas, but let's put aside the 'sensationalistic' journalism of some and take a moment to examine sensibly what could happen next.

The liquidation process against UKIO Bankas can be appealed, and even then any process for full liquidation could take months to carry out. Heart of Midlothian, of course, is just one of many businesses that banked with Ukio.

It's also important to think of the political angle here. Just how keen would the Lithuanian government be to close down a major Scottish institution? The country is set to take on EU presidency from 01 July 2013 for six months, therefore inter-country relations are very important to them right now.

By the way this isn't some sort of Pravda-esque diatribe, there are of course two sides to every story and Heart of Midlothian Football club is still liable for a very large amount of debt.

The Lithuanian government, or those working on their behalf with the UKIO Bankas case, will very quickly realise the club owes them a lot of money. However they will also realise there is next to no chance they will be able to recoup every last penny of that money.

That is where Supporter's Groups come in, or anyone else with cash who is keen to invest in our football club. If a realistic bid can be made to the Lithuanian government to take over the running of Hearts - just my opinion but I reckon circa 5 million - then there's more than a decent chance of the govt accepting the offer thinking 'xx million is better than 0 million'.

Should an offer for the football club not be forthcoming then we cannot forget there is also, of course, the chance the debt could be recalled, which Hearts would not be able to fulfil and administration would therefore likely follow - although this is something that, if it does happen, will not take place in the short term so there's practically no threat of relegation to Division One for Hearts next season.

To conclude, it's my belief that a reasonable seven figure offer for the football club - preferably sooner rather than later - would be entertained by the Lithuanian authorities as it would be one less thing for them to worry about when it comes to recouping as much money as possible.
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https://i.chzbgr.com/maxW500/5719392512/h060634D7/

[Sir David Gray]

Why would the Lithuanian government give two hoots about shutting down a Scottish football club? :confused:

[rcarter1]

I wouldnt be surprised if Hearts get out of this pretty much scot free. It seems that the liquidators of UKIO will take a while to get moving, and will - as is usually the case in these matters be forced to accept much less than the full debt. Politics aside, how do they expect to recoup £15million?

Ill predict that:

1. Hearts will not get relegated

2. Might start the next season with a 12 pt penalty for possibly going into administration at the end of the season (which by the way is a hideously paltry penalty for 10+ years of massive over spending).

3. Jambos in your neighbourhood will start gloating about their great escape

SO.

Lets start beating them on the pitch, its the only way to shut them up!!

[Pretty Boy]

Why would the Lithuanian government give two hoots about shutting down a Scottish football club? :confused:

One of the biggest clubs in world football though.

5-1, only team with proper songs, 1902, big team, giant among minnows etc etc

[Hibs90]

Donaldson just spraffing garbage to appeal to the yams. He must love taking a roasting from shaun lawson and co.

[Spike Mandela]

They're certainly pushing the political side of things now. Interesting tactic!

I'm sure there are many machiavellian moves in the background from the usual suspects (fatty Foulkes et al) but I am sure the these will be rebuffed as were any moves from Salmond during the Rangers fiasco.

I am sure the Lithuaian public might have something to say about cutting deals with a Scottish football club(not an institution) as might workers at a certain Bosnian Serb smelting plant.

[JeMeSouviens]

Just in case anyone feels they'd like to sympathise with the position the government of Lithuania has been put in with regards to the UKIO bank crisis and reassure them that the people of Scotland are fully behind all measures necessary to recover the money Vladimir Romanov stole from the people of Lithuania to use on his ego trip into Scottish football ...

http://www.lithuanianembassy.co.uk/index.php?757349056

[Andy74]

LateSt long tweet from Mark Donaldson.........


There's been plenty talk about the possibility of Hearts going into administration becasue of the financial problems with UKIO Bankas, but let's put aside the 'sensationalistic' journalism of some and take a moment to examine sensibly what could happen next.

The liquidation process against UKIO Bankas can be appealed, and even then any process for full liquidation could take months to carry out. Heart of Midlothian, of course, is just one of many businesses that banked with Ukio.

It's also important to think of the political angle here. Just how keen would the Lithuanian government be to close down a major Scottish institution? The country is set to take on EU presidency from 01 July 2013 for six months, therefore inter-country relations are very important to them right now.

By the way this isn't some sort of Pravda-esque diatribe, there are of course two sides to every story and Heart of Midlothian Football club is still liable for a very large amount of debt.

The Lithuanian government, or those working on their behalf with the UKIO Bankas case, will very quickly realise the club owes them a lot of money. However they will also realise there is next to no chance they will be able to recoup every last penny of that money.

That is where Supporter's Groups come in, or anyone else with cash who is keen to invest in our football club. If a realistic bid can be made to the Lithuanian government to take over the running of Hearts - just my opinion but I reckon circa 5 million - then there's more than a decent chance of the govt accepting the offer thinking 'xx million is better than 0 million'.

Should an offer for the football club not be forthcoming then we cannot forget there is also, of course, the chance the debt could be recalled, which Hearts would not be able to fulfil and administration would therefore likely follow - although this is something that, if it does happen, will not take place in the short term so there's practically no threat of relegation to Division One for Hearts next season.

To conclude, it's my belief that a reasonable seven figure offer for the football club - preferably sooner rather than later - would be entertained by the Lithuanian authorities as it would be one less thing for them to worry about when it comes to recouping as much money as possible.
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Who's he trying to convince?!

[Eyrie]

It's also important to think of the political angle here. Just how keen would the Lithuanian government be to close down a major Scottish institution? The country is set to take on EU presidency from 01 July 2013 for six months, therefore inter-country relations are very important to them right now.
Actually he is right.

In a time when the Germans dictate Greek economic strategy, Spanish unemployment is 28% and Cyprus is raiding every piggy bank it can find, the political angle is clear. A loss making business in a foreign country will not be given any favours and its assets will be sold for what they're worth.

It wasn't a pleasure knowing you, Yams :aok:

[JoeTortolanoFanClub]

Why would the Lithuanian government give two hoots about shutting down a Scottish football club? :confused:

The Bank of Lithuania is independent from the Lithuanian Government, so whatever the Lithuanian Government thinks about this is totally irrelevant.

[Treadstone]

Donaldson just spraffing garbage to appeal to the yams. He must love taking a roasting from shaun lawson and co.

Total fantasy guesswork written to appeal to his demographic. Mentioning the political angle like anyone in Lithland gives a f***.

[JohnStephens91]

Why would Lithuania care a jot about Hearts and why would this affect their relationship with the British government? I'm pretty sure David Cameron and co. really don't care a jot about a debt-ridden football club in Edinburgh. Hearts fans and sympathisers have got addled brains through years of delusion. Time to face the facts and pull your head out of the sand - nobody in Lithuania cares, nobody at Westminster cares and most of Scotland doesn't want you to squirm off the hook.

Can you imagine President Dalia Grybauskaite and Prime Minister Algirdas Butkevicius sitting round a table with head honchos of administrators in Vilnius discussing how to keep Britain happy? They don't care and the £25m that Hearts owe is not going to be palmed off with a seven figure sum that they probably can't even afford anyway.

:ostrich:

[Broken Gnome]

Total fantasy guesswork written to appeal to his demographic. Mentioning the political angle like anyone in Lithland gives a f***.

Peddled out as if he's the first one to identify such a notion.

Mark Donaldson. Prominent analyst of European economics.

[clerriehibs]

LateSt long tweet from Mark Donaldson.........


There's been plenty talk about the possibility of Hearts going into administration becasue of the financial problems with UKIO Bankas, but let's put aside the 'sensationalistic' journalism of some and take a moment to examine sensibly what could happen next.

The liquidation process against UKIO Bankas can be appealed, and even then any process for full liquidation could take months to carry out. Heart of Midlothian, of course, is just one of many businesses that banked with Ukio.

It's also important to think of the political angle here. Just how keen would the Lithuanian government be to close down a major Scottish institution? The country is set to take on EU presidency from 01 July 2013 for six months, therefore inter-country relations are very important to them right now.

By the way this isn't some sort of Pravda-esque diatribe, there are of course two sides to every story and Heart of Midlothian Football club is still liable for a very large amount of debt.

The Lithuanian government, or those working on their behalf with the UKIO Bankas case, will very quickly realise the club owes them a lot of money. However they will also realise there is next to no chance they will be able to recoup every last penny of that money.

That is where Supporter's Groups come in, or anyone else with cash who is keen to invest in our football club. If a realistic bid can be made to the Lithuanian government to take over the running of Hearts - just my opinion but I reckon circa 5 million - then there's more than a decent chance of the govt accepting the offer thinking 'xx million is better than 0 million'.

Should an offer for the football club not be forthcoming then we cannot forget there is also, of course, the chance the debt could be recalled, which Hearts would not be able to fulfil and administration would therefore likely follow - although this is something that, if it does happen, will not take place in the short term so there's practically no threat of relegation to Division One for Hearts next season.

To conclude, it's my belief that a reasonable seven figure offer for the football club - preferably sooner rather than later - would be entertained by the Lithuanian authorities as it would be one less thing for them to worry about when it comes to recouping as much money as possible.
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Is this clown tweeting this off his own back, or in some media employment capacity? "our football club" .... chump. Regardless of that, he's obviously a yam, but what is it that makes these yams think that "their club" is major in the context of european relations? The only yams under discussion during inter-country relations will be the importing thereof.

Idiots, the lot of them.

[Gus Fring]

I wouldnt be surprised if Hearts get out of this pretty much scot free. It seems that the liquidators of UKIO will take a while to get moving, and will - as is usually the case in these matters be forced to accept much less than the full debt. Politics aside, how do they expect to recoup £15million?

Ill predict that:

1. Hearts will not get relegated

2. Might start the next season with a 12 pt penalty for possibly going into administration at the end of the season (which by the way is a hideously paltry penalty for 10+ years of massive over spending).

3. Jambos in your neighbourhood will start gloating about their great escape

SO.

Lets start beating them on the pitch, its the only way to shut them up!!


They could sell the stadium. Even getting £2m for the land makes it worth it. Also, the point deduction would be at least 14 points

[JeMeSouviens]

They could sell the stadium. Even getting £2m for the land makes it worth it. Also, the point deduction would be at least 14 points

15. :wink:

(The rule is 15 or 1/3 last season's total, whichever is bigger.)

[Part/Time Supporter]

Who's he trying to convince?!

Himself

McLauchlin's reporting of the situation is pretty straight. The Lithuanians could accept paying the debt on an interest only basis for two years, but that leaves them in the same (or possibly worse) position after the two years. They could find a buyer in the short term with an acceptable offer, which is very unlikely (too complex and expensive). Or they could go into administration.

The long and short of it is that they are hoping the thing drags out long enough that the points penalty applies next season rather than this.

[Gus Fring]

15. :wink:

(The rule is 15 or 1/3 last season's total, whichever is bigger.)

Ah, I didn't know about the 15 point minimum. Even better!

[proud_and_green]

:agree: Going down the dustpipe :greengrin

Aye but the guy in that song had a ten dollar bill in his jeans - I suspect that the Jambos would kill for those jeans

[clerriehibs]

Himself

McLauchlin's reporting of the situation is pretty straight. The Lithuanians could accept paying the debt on an interest only basis for two years, but that leaves them in the same (or possibly worse) position after the two years. They could find a buyer in the short term with an acceptable offer, which is very unlikely (too complex and expensive). Or they could go into administration.

The long and short of it is that they are hoping the thing drags out long enough that the points penalty applies next season rather than this.

Might not be such a bad thing for us, actually. They'll be extremely weak; they'll be grubbing about in the basement for a whole season; they'd most likely end up relegated anyway; and the taxman cometh ... they surely can't service a £25m debt for 2 years and keep up Hector's payments?

[Mon Dieu4]

with the price gold is going for im surprised they haven't thought about selling the stockpiles of German gold they must have seized after winning two world wars!

[Green Blood]

Hearts Bell End John Blobertson gets ready to depart for Lithuania with all the cash FOH have raised.


http://i599.photobucket.com/albums/tt80/russkay/images-8_zpsd01b0357.jpg (http://s599.photobucket.com/user/russkay/media/images-8_zpsd01b0357.jpg.html)

[JeMeSouviens]

Might not be such a bad thing for us, actually. They'll be extremely weak; they'll be grubbing about in the basement for a whole season; they'd most likely end up relegated anyway; and the taxman cometh ... they surely can't service a £25m debt for 2 years and keep up Hector's payments?

Yep, they're going to lose most of their experienced players and in administration wouldn't be allowed any new signings, they'd have the loan to service and rent for Riccarton. Might just be worth keeping them around for a season. :wink:

[Treadstone]

Is this clown tweeting this off his own back, or in some media employment capacity? "our football club" .... chump. Regardless of that, he's obviously a yam, but what is it that makes these yams think that "their club" is major in the context of european relations? The only yams under discussion during inter-country relations will be the importing thereof.

Idiots, the lot of them.

Yams are thinking his take is legit and likely.
eg

Stuart Mclean ‏@smclean1986 (https://twitter.com/smclean1986)7m (https://twitter.com/smclean1986/status/330025929453731841)
"@Donaldson007 (https://twitter.com/Donaldson007): http://tl.gd/n_1rk36lt (http://t.co/yorgb2sMbE)" this is the type of research our so called media should be achieving

Although one of our boys has tweeted Donaldson and told him to google 'Portsmouth Snoras' to see how the Yams would get treated.

Here is one of the many results.

http://www.guardian.co.uk/football/2011/nov/23/lithuanian-arrest-warrant-portsmouth-owner

[Centre Hawf]

Surprised after services to Britain including single handily winning two world wars, the country hasn't presented Hearts with 50 million tax free cash and the keys to Leith Primary every Tuesday for the next 20 years.

[greengnome]

Hearts Bell End John Blobertson gets ready to depart for Lithuania with all the cash FOH have raised.


http://i599.photobucket.com/albums/tt80/russkay/images-8_zpsd01b0357.jpg (http://s599.photobucket.com/user/russkay/media/images-8_zpsd01b0357.jpg.html) Pure class.............!! Plus they could ask Wonga for a few quid!!!!

[Sir David Gray]

The Bank of Lithuania is independent from the Lithuanian Government, so whatever the Lithuanian Government thinks about this is totally irrelevant.

I was thinking that but just going on what was written in that article.

[Northernhibee]

LateSt long tweet from Mark Donaldson.........


There's been plenty talk about the possibility of Hearts going into administration becasue of the financial problems with UKIO Bankas, but let's put aside the 'sensationalistic' journalism of some and take a moment to examine sensibly what could happen next.

The liquidation process against UKIO Bankas can be appealed, and even then any process for full liquidation could take months to carry out. Heart of Midlothian, of course, is just one of many businesses that banked with Ukio.

It's also important to think of the political angle here. Just how keen would the Lithuanian government be to close down a major Scottish institution? The country is set to take on EU presidency from 01 July 2013 for six months, therefore inter-country relations are very important to them right now.

By the way this isn't some sort of Pravda-esque diatribe, there are of course two sides to every story and Heart of Midlothian Football club is still liable for a very large amount of debt.

The Lithuanian government, or those working on their behalf with the UKIO Bankas case, will very quickly realise the club owes them a lot of money. However they will also realise there is next to no chance they will be able to recoup every last penny of that money.

That is where Supporter's Groups come in, or anyone else with cash who is keen to invest in our football club. If a realistic bid can be made to the Lithuanian government to take over the running of Hearts - just my opinion but I reckon circa 5 million - then there's more than a decent chance of the govt accepting the offer thinking 'xx million is better than 0 million'.

Should an offer for the football club not be forthcoming then we cannot forget there is also, of course, the chance the debt could be recalled, which Hearts would not be able to fulfil and administration would therefore likely follow - although this is something that, if it does happen, will not take place in the short term so there's practically no threat of relegation to Division One for Hearts next season.

To conclude, it's my belief that a reasonable seven figure offer for the football club - preferably sooner rather than later - would be entertained by the Lithuanian authorities as it would be one less thing for them to worry about when it comes to recouping as much money as possible.
http://tl.gd/n_1rk36lt · Reply
Report post (?)

:lolyam:

[rcarter1]

They could sell the stadium. Even getting £2m for the land makes it worth it. Also, the point deduction would be at least 14 points

Fair enough but its all still ifs and buts. I reckon if they sell the stadium they will sell it to Hearts - ie they will take a few pennies in the pound and leave it at that. Very few people would spend money on land that will be considered 'hallowed ground' by the local community.

Hearts could do an administration in the summer, ditch a few more contracts, weadle some loan deals, and attract the kind of braindead roasters that Rangers did, and come out the traps with a cause to rally round.

Hearts are on a shoogly peg, but they are very very far from 'dead'. It seems that we keep preparing for a party that isnt going to happen. And the annoying element of their support will grow even stronger as a result.

Hence. Beat them. On the Pitch. As soon and as heavily as possible.

[Col2]

Hearts Bell End John Blobertson gets ready to depart for Lithuania with all the cash FOH have raised.


http://i599.photobucket.com/albums/tt80/russkay/images-8_zpsd01b0357.jpg (http://s599.photobucket.com/user/russkay/media/images-8_zpsd01b0357.jpg.html)


Brilliant!

[clerriehibs]

Fair enough but its all still ifs and buts. I reckon if they sell the stadium they will sell it to Hearts - ie they will take a few pennies in the pound and leave it at that. Very few people would spend money on land that will be considered 'hallowed ground' by the local community.

Hearts could do an administration in the summer, ditch a few more contracts, weadle some loan deals, and attract the kind of braindead roasters that Rangers did, and come out the traps with a cause to rally round.

Hearts are on a shoogly peg, but they are very very far from 'dead'. It seems that we keep preparing for a party that isnt going to happen. And the annoying element of their support will grow even stronger as a result.

Hence. Beat them. On the Pitch. As soon and as heavily as possible.

I think not.

[God Petrie]

Why would the Lithuanians take a few million when they could just sit on the debt for years and let them ***** every possible spare penny on paying them the full amount back.

Also, why would any potential owner pay a few million and suffer years of paying back the criminal debts of the previous owners when they could pick up the same club after their bust for pennies and start again. That also applies to the HMRC debt. £1.5m for absolutely nothing.

There seems to be a lot of logical leaps being made by the more simple and optimistic element of the hearts support. They are dead - they are just trying to save face while they splutter their last toxic breath.

[Beefster]

http://i.minus.com/ibt9KV0pOZZpVx.gif

This was the funniest thing I'd seen on here for a while until I saw this two minutes later....


Hearts Bell End John Blobertson gets ready to depart for Lithuania with all the cash FOH have raised.


http://i599.photobucket.com/albums/tt80/russkay/images-8_zpsd01b0357.jpg (http://s599.photobucket.com/user/russkay/media/images-8_zpsd01b0357.jpg.html)

[Aldo]

LateSt long tweet from Mark Donaldson.........

There's been plenty talk about the possibility of Hearts going into administration becasue of the financial problems with UKIO Bankas, but let's put aside the 'sensationalistic' journalism of some and take a moment to examine sensibly what could happen next.

The liquidation process against UKIO Bankas can be appealed, and even then any process for full liquidation could take months to carry out. Heart of Midlothian, of course, is just one of many businesses that banked with Ukio.

It's also important to think of the political angle here. Just how keen would the Lithuanian government be to close down a major Scottish institution? The country is set to take on EU presidency from 01 July 2013 for six months, therefore inter-country relations are very important to them right now.

By the way this isn't some sort of Pravda-esque diatribe, there are of course two sides to every story and Heart of Midlothian Football club is still liable for a very large amount of debt.

The Lithuanian government, or those working on their behalf with the UKIO Bankas case, will very quickly realise the club owes them a lot of money. However they will also realise there is next to no chance they will be able to recoup every last penny of that money.

That is where Supporter's Groups come in, or anyone else with cash who is keen to invest in our football club. If a realistic bid can be made to the Lithuanian government to take over the running of Hearts - just my opinion but I reckon circa 5 million - then there's more than a decent chance of the govt accepting the offer thinking 'xx million is better than 0 million'.

Should an offer for the football club not be forthcoming then we cannot forget there is also, of course, the chance the debt could be recalled, which Hearts would not be able to fulfil and administration would therefore likely follow - although this is something that, if it does happen, will not take place in the short term so there's practically no threat of relegation to Division One for Hearts next season.

To conclude, it's my belief that a reasonable seven figure offer for the football club - preferably sooner rather than later - would be entertained by the Lithuanian authorities as it would be one less thing for them to worry about when it comes to recouping as much money as possible.
http://tl.gd/n_1rk36lt · Reply
Report post (?)

Blah blah blah head in the sand Donaldson. Take yur heed oot of Southerns ass for a second and have a proper look without your maroon tinted specks.

Regardless of what country you are in your beloved yams are owned by a foreign company who have are about to go tits up.

They will want to recoup and this means selling assets for as much as they can get.

So get a grip you total and utter yammish clown

Nuff said

[Col2]

Fair enough but its all still ifs and buts. I reckon if they sell the stadium they will sell it to Hearts - ie they will take a few pennies in the pound and leave it at that. Very few people would spend money on land that will be considered 'hallowed ground' by the local community.

Hearts could do an administration in the summer, ditch a few more contracts, weadle some loan deals, and attract the kind of braindead roasters that Rangers did, and come out the traps with a cause to rally round.

Hearts are on a shoogly peg, but they are very very far from 'dead'. It seems that we keep preparing for a party that isnt going to happen. And the annoying element of their support will grow even stronger as a result.

Hence. Beat them. On the Pitch. As soon and as heavily as possible.

I am all for beating them on the pitch especially when they spend the same amount of money as we do not 3 times it.

Administration is not just a few penalty points and all is Barry. They would need to come out of admin and evening they did and convinced creditor to accept pence in pound, nobody would touch them with credit, all players could walk, they would most lose the pink bus shelter and they would need a fair amount of capital to get going again. This of course discounts the fact that season ticket money say 8000@ £300 = £2.4 would be lost and they would have to rely on supporters to make up the shortfall.

A summer administration would be a disaster for them and with a 14 point penalty at least and no Dundee late to the SPL scenario, they would be odds on for relegation and another administration on the cards say in a year or two.

[CropleyWasGod]

Fair enough but its all still ifs and buts. I reckon if they sell the stadium they will sell it to Hearts - ie they will take a few pennies in the pound and leave it at that. Very few people would spend money on land that will be considered 'hallowed ground' by the local community.

Hearts could do an administration in the summer, ditch a few more contracts, weadle some loan deals, and attract the kind of braindead roasters that Rangers did, and come out the traps with a cause to rally round.

Hearts are on a shoogly peg, but they are very very far from 'dead'. It seems that we keep preparing for a party that isnt going to happen. And the annoying element of their support will grow even stronger as a result.

Hence. Beat them. On the Pitch. As soon and as heavily as possible.

Can't see your administration model working here. It needs the consent of the unsecured creditors (a CVA), and HMRC won't agree to it.

[Virginia Hibs]

Can I just say thank you to the people and the country of Lithuania for the lovely wedding anniversary present. Very much appreciated! We'll remember it for yonks and will have Hibs fans signing our special date for years!

[Gus Fring]

Fair enough but its all still ifs and buts. I reckon if they sell the stadium they will sell it to Hearts - ie they will take a few pennies in the pound and leave it at that. Very few people would spend money on land that will be considered 'hallowed ground' by the local community.

Hearts could do an administration in the summer, ditch a few more contracts, weadle some loan deals, and attract the kind of braindead roasters that Rangers did, and come out the traps with a cause to rally round.

Hearts are on a shoogly peg, but they are very very far from 'dead'. It seems that we keep preparing for a party that isnt going to happen. And the annoying element of their support will grow even stronger as a result.

Hence. Beat them. On the Pitch. As soon and as heavily as possible.

What are Hearts going to buy the stadium with? Pies? Cakes? Because they don't have any money! "Hallowed Ground" is nonsense. A property developer or a supermarket is unlikely to care what was there before, neither would the people shopping/buying the flats.

There is no way they will be able to "do a Rangers" as even Rangers haven't managed that! They're still losing £1m a month in the 3rd division!

Beating them won't shut them up. You're living in a fantasy land if you think that'll happen. Let me ask you something, do you shut up when they beat us? I hope not.

[JeMeSouviens]

btw, don't know if it was mentioned above ... but according to Brian McLaughlin they've paid the first 500K to HMRC.

[weonlywon6-2]

Fair enough but its all still ifs and buts. I reckon if they sell the stadium they will sell it to Hearts - ie they will take a few pennies in the pound and leave it at that. Very few people would spend money on land that will be considered 'hallowed ground' by the local community.

Hearts could do an administration in the summer, ditch a few more contracts, weadle some loan deals, and attract the kind of braindead roasters that Rangers did, and come out the traps with a cause to rally round.

Hearts are on a shoogly peg, but they are very very far from 'dead'. It seems that we keep preparing for a party that isnt going to happen. And the annoying element of their support will grow even stronger as a result.

Hence. Beat them. On the Pitch. As soon and as heavily as possible.

I have no idea how you can come out with that quote.Somebody somewhere wants a lot of money out of them and they just dont have it.

Yes they will survive in some shape or form but very very far from dead,nah dont think so

[Aldo]

Yam is biting on a FB post, saying that he's not a financial expert but we're obsessed with them and as far as we are concerned they have been going bust since 2005.

#deludedasevereithheadinthesand

Will wait and reply. Why are they all like this

[bighairyfaeleith]

Surprised after services to Britain including single handily winning two world wars, the country hasn't presented Hearts with 50 million tax free cash and the keys to Leith Primary every Tuesday for the next 20 years.

I sincerely hope nobody associated with hearts is ever given the keys to a school, world war champions or not!!

[greenginger]

What are Hearts going to buy the stadium with? Pies? Cakes? Because they don't have any money! "Hallowed Ground" is nonsense. A property developer or a supermarket is unlikely to care what was there before, neither would the people shopping/buying the flats.

There is no way they will be able to "do a Rangers" as even Rangers haven't managed that! They're still losing £1m a month in the 3rd division!

Beating them won't shut them up. You're living in a fantasy land if you think that'll happen. Let me ask you something, do you shut up when they beat us? I hope not.


Cala Developments did'nt care about hallowed ground a few years back. Come to think about it, would it not be a good idea to dig out a few of the headlines from back then about the £ 20 million deal for the land.

Fire a few copies over to the Lith. administrator to make sure he is aware what could be achieved for a cleared site sale. :greengrin

[cam75]

Friend at work from Lithuania,says his aunt will have to wait up to 5 years to get her savings held by the bank back,yes I'm sure Lithuania government have a heavy heart when dealing with hmfc.

[Dashing Bob S]

In some ways, it's much better for Hearts to face the medicine right now, if possible, and take admin/relegation, lose the PBS, and play in a lower league. Even penniless and groundless, they at least have their fanbase.

If they do this, they might be able to disassociate themselves from the car cash of UKIOS/UBIG.

They do not want to be around this when criminal investigations into where the monies those companies (and therefore Hearts) have been funded with have come from. This could stop them playing in any league for some time, making it hard for them to retain a support.

[God Petrie]

Check out my conversation with @TheReal_Romanov on twitter for some laughs. I feel like I have lost a part of my life I will never get back with that conversation. Truly dismally stupid.

[Green Blood]

HMFC Deny rumours that their groundstaff have resigned due to non payment of salaries!

http://i599.photobucket.com/albums/tt80/russkay/542669479_1bc8ac60a9_o_zpsd206b7ed.jpg (http://s599.photobucket.com/user/russkay/media/542669479_1bc8ac60a9_o_zpsd206b7ed.jpg.html)

[rcarter1]

Can't see your administration model working here. It needs the consent of the unsecured creditors (a CVA), and HMRC won't agree to it.

This I wasnt aware of, so fair play. Other points have also been put forward to support the case that the Yams are up the creek. I do happily concede they are in a tricky spot, however I see a lot of escape routes for them.

My point is that any shaudenfreude over this situation for me is far better realised on the pitch.

[StevieC]

If it were me, from a purely business aspect, I would (assuming I could) take control of the stadium and rent it back to whatever football team emerged from administration/liquidation.

Whilst it's true that the football stadium is only of any use to The HoMFC, by the same token The HoMFC needs the football stadium.

A exorbitant high rent (just enough to allow them to keep trading) would be a much better way to claw back a substantial amount of the debt than selling it "on the cheap" to some supporters group.

The ball would then be in the court of the football club to pay the required rent or move out, and if it were the latter .. leaving an empty stadium with a nice chunk of land ready to sell on the open market.

We all know (deep down) that Hearts aren't going to disappear, and the share issues simply proves to the Lith's that they have a large group of people willing to throw money at football team, and they could potentially use it to their advantage.

[poolman]

May I recommend the Springbank 15yo malt, green and black box, available in villeneuve wines on Broughton st...

I have a special bottle of glenmorangie quinta ruban that I was keeping for a trip to Whitby for my 60th birthday in July with a crowd of buddies

I'm very tempted to open it now

[Gus Fring]

Check out my conversation with @TheReal_Romanov on twitter for some laughs. I feel like I have lost a part of my life I will never get back with that conversation. Truly dismally stupid.

That conversation sums up the majority of Yams. He's not got a very good grasp on what's happening. The administrator doesn't have to take the best offer if liquidating the company will raise more money than the offer to buy. Looking at some of his other tweets he seems to just make up any crap just to win an arguement, regardless of whether its true or not.

[rcarter1]

If it were me, from a purely business aspect, I would (assuming I could) take control of the stadium and rent it back to whatever football team emerged from administration/liquidation.

Whilst it's true that the football stadium is only of any use to The HoMFC, by the same token The HoMFC needs the football stadium.

A exornitant high rent (just enough to allow them to keep trading) would be a much better way to claw back a substantial amount of the debt than selling it "on the cheap" to some supporters group.

The ball would then be in the court of the football club to pay the required rent or move out, and if it were the latter .. leaving an empty stadium with a nice chunk of land ready to sell on the open market.

We all know (deep down) that Hearts aren't going to disappear, and the share issues simply proves to the Lith's that they have a large group of people willing to throw money at football team, and they could potentially use it to their advantage.

this

[Gus Fring]

If it were me, from a purely business aspect, I would (assuming I could) take control of the stadium and rent it back to whatever football team emerged from administration/liquidation.

Whilst it's true that the football stadium is only of any use to The HoMFC, by the same token The HoMFC needs the football stadium.

A exornitant high rent (just enough to allow them to keep trading) would be a much better way to claw back a substantial amount of the debt than selling it "on the cheap" to some supporters group.

The ball would then be in the court of the football club to pay the required rent or move out, and if it were the latter .. leaving an empty stadium with a nice chunk of land ready to sell on the open market.

We all know (deep down) that Hearts aren't going to disappear, and the share issues simply proves to the Lith's that they have a large group of people willing to throw money at football team, and they could potentially use it to their advantage.

Sorry, but their share issue shows nothing of the sort. They only met half their target despite painting the potential scenario in very blunt terms. There's only so much money Hearts fans will have to keep giving the club and it seems they've already exhausted it

[Kato]

this

That's not what you said would happen further up.

[Gus Fring]

this

I'm starting to get a whiff of Yam now. There survival in their current guise is VERY unlikely, you need to accept that. They can't be sold and they're up to their eyes in debt.

[Hibee87]

so im being told that the 15 mill debt still has 2 years of paying 'interest only' so the the 15 mill aint going to be called in.... im no financial whizz but does this not mean **** all now? As far as I am aware the liquidators want to retrieve as much money as possible as quickly as possible.

Also, I thought the stadium was collateral from UBIG to UKIO for 15 mil, and vlad used to the stadium as a bargaining tool to take the 15 mill out the bank..........fluck me im totally confused now like.


wake me up again when jambogeddon happens :cb

[JeMeSouviens]

That conversation sums up the majority of Yams. He's not got a very good grasp on what's happening. The administrator doesn't have to take the best offer if liquidating the company will raise more money than the offer to buy. Looking at some of his other tweets he seems to just make up any crap just to win an arguement, regardless of whether its true or not.

http://rationalwiki.org/w/images/7/70/Kingme.png

[greenginger]

If it were me, from a purely business aspect, I would (assuming I could) take control of the stadium and rent it back to whatever football team emerged from administration/liquidation.

Whilst it's true that the football stadium is only of any use to The HoMFC, by the same token The HoMFC needs the football stadium.

A exornitant high rent (just enough to allow them to keep trading) would be a much better way to claw back a substantial amount of the debt than selling it "on the cheap" to some supporters group.

The ball would then be in the court of the football club to pay the required rent or move out, and if it were the latter .. leaving an empty stadium with a nice chunk of land ready to sell on the open market.

We all know (deep down) that Hearts aren't going to disappear, and the share issues simply proves to the Lith's that they have a large group of people willing to throw money at football team, and they could potentially use it to their advantage.

Good idea about squeezing the Yams but first you have got to collect the rent. Problems with that down at the Riocho Arena.

Secondly, who would pay to make the place habitable for next season ? In all today's excitement I forgot I was told yesterday the safety certificate for the PBS was not going to be re-newed without major alterations to the old stand. Can't vouch for the info. as it was second hand but not unexpected.

[Disc O'Dave]

That conversation sums up the majority of Yams. He's not got a very good grasp on what's happening. The administrator doesn't have to take the best offer if liquidating the company will raise more money than the offer to buy. Looking at some of his other tweets he seems to just make up any crap just to win an arguement, regardless of whether its true or not.

And the bit in bold hits the nail firmly on its head when it comes to discussing football with anyone of a Yam persuasion......it gets so frustrating when you realise they have no principled stance on anything.....they just agree with whatever they think is best for Hearts at that given point in time, even if they argued the exact opposite the day before. That's why it was so easy for Vlad to piss them about without question.....Muppets deserve to have their club die, quite frankly....

[rcarter1]

That's not what you said would happen further up.

No it isnt, but Im happy to accept that I dont know what is going to happen. The post I was agreeing to seemed to capture a lot of common sense regarding the situation and is seems as plausible as any scenario described elsewhere.

[Liberal Hibby]

Yams are thinking his take is legit and likely.
eg


Although one of our boys has tweeted Donaldson and told him to google 'Portsmouth Snoras' to see how the Yams would get treated.

Here is one of the many results.

http://www.guardian.co.uk/football/2011/nov/23/lithuanian-arrest-warrant-portsmouth-owner

Interesting quote:

"CSI said: "In the light of the recent events at Snoras Bank, Convers Sports Initiatives would like to reassure its companies, staff, and the fans of its teams and events, that it remains very much business as usual. We are operationally unaffected by Snoras Bank entering temporary administration."

Looks like the same PR person is now writing the Hearts media statements...

[Gus Fring]

http://rationalwiki.org/w/images/7/70/Kingme.png

:agree:

[Mon Dieu4]

so im being told that the 15 mill debt still has 2 years of paying 'interest only' so the the 15 mill aint going to be called in.... im no financial whizz but does this not mean **** all now? As far as I am aware the liquidators want to retrieve as much money as possible as quickly as possible.

Also, I thought the stadium was collateral from UBIG to UKIO for 15 mil, and vlad used to the stadium as a bargaining tool to take the 15 mill out the bank..........fluck me im totally confused now like.


wake me up again when jambogeddon happens :cb

i think the £15m is a loan with Ukio Bankas but some time this summer they are due UBIG £8m or so

[Aldo]

Check out my conversation with @TheReal_Romanov on twitter for some laughs. I feel like I have lost a part of my life I will never get back with that conversation. Truly dismally stupid.

Just had an interesting conversation myself with a deluded Yam. Said I was old and should get to bed.

Couldn't handle the truth tbh

[Saorsa]

http://i1175.photobucket.com/albums/r623/JDPH1875/Misc/unclealbert_zps24373060.gif (http://s1175.photobucket.com/user/JDPH1875/media/Misc/unclealbert_zps24373060.gif.html)

[rcarter1]

I'm starting to get a whiff of Yam now. There survival in their current guise is VERY unlikely, you need to accept that. They can't be sold and they're up to their eyes in debt.

NOT this.

I disagree that they cant be sold. If in the grab for cash, some investment group comes in with 4-5million, to placate the lithuanian creditors and clear debts (HMRC etc etc), and then look to get their money back at say £250,000+ per year, then theyve got a steady earner with a possibility of a sale in future to recoup the rest of their investment (and a bit of profit).

I agree that its going to be very hard for Hearts to continue without some form of financial handicap, but they have a turnover of around at least 7 million (it was 7 million in 2003/4 and a lot more in 2008). They can soak up some form of repayment plan - to whomever - and still operate as a football club.

Id be delighted to see them go the way of Rangers, and would be just desserts, but I just dont buy into the certainty that some have.

[Hibee87]

i think the £15m is a loan with Ukio Bankas but some time this summer they are due UBIG £8m

So they owe Ukio 15 mill from a loan, and UBIG 8 mill of which the stadium is secured for......so really even after todays news its no difference from any other day until we know / hear what happens to UBIG? ............................

unless UKIO ask for the 15 mill tomorrow, and hearts say we 'huvnae got it' what action would the liquidator then take :confused:

[Aldo]

Check out my conversation with @TheReal_Romanov on twitter for some laughs. I feel like I have lost a part of my life I will never get back with that conversation. Truly dismally stupid.

@thereal_romanov = total deluded roaster.

Can I ask when it all goes tits up can I join in with the fun on twitter??

[Mon Dieu4]

So they owe Ukio 15 mill from a loan, and UBIG 8 mill of which the stadium is secured for......so really even after todays news its no difference from any other day until we know / hear what happens to UBIG? ............................

unless UKIO ask for the 15 mill tomorrow, and hearts say we 'huvnae got it' what action would the liquidator then take :confused:

one of the clever folk on here could answer better than me.mate, i think today just confirmed what we all knew was coming, the big news will be when UBIG go tits up as they are the parent company

[TrinityHibs]

If it were me, from a purely business aspect, I would (assuming I could) take control of the stadium and rent it back to whatever football team emerged from administration/liquidation.

Whilst it's true that the football stadium is only of any use to The HoMFC, by the same token The HoMFC needs the football stadium.

A exorbitant high rent (just enough to allow them to keep trading) would be a much better way to claw back a substantial amount of the debt than selling it "on the cheap" to some supporters group.

The ball would then be in the court of the football club to pay the required rent or move out, and if it were the latter .. leaving an empty stadium with a nice chunk of land ready to sell on the open market.

We all know (deep down) that Hearts aren't going to disappear, and the share issues simply proves to the Lith's that they have a large group of people willing to throw money at football team, and they could potentially use it to their advantage.

Not a bad shout Stevie but what happens to your financial model if they don't lodge accounts. I dont know but thought it was worth asking

[Hibee87]

one of the clever folk on here could answer better than me.mate, i think today just confirmed what we all knew was coming, the big news will be when UBIG go tits up as they are the parent company

Nae worries mate :aok: part of me hopes this whole saga continues through the summer.......its awfy boring when the season finshes :agree:

[mca]

Cant Help but thinking - Just somehow the jambos will come out of this totally debt free and still have the stadium...

It just seems me that club - could fall in a barrell of elbows and still come out sucking abbey crouchs tits.. :greengrin

[Gus Fring]

NOT this.

I disagree that they cant be sold. If in the grab for cash, some investment group comes in with 4-5million, to placate the lithuanian creditors and clear debts (HMRC etc etc), and then look to get their money back at say £250,000+ per year, then theyve got a steady earner with a possibility of a sale in future to recoup the rest of their investment (and a bit of profit).

I agree that its going to be very hard for Hearts to continue without some form of financial handicap, but they have a turnover of around at least 7 million (it was 7 million in 2003/4 and a lot more in 2008). They can soak up some form of repayment plan - to whomever - and still operate as a football club.

Id be delighted to see them go the way of Rangers, and would be just desserts, but I just dont buy into the certainty that some have.

As has been discussed several times on this thread, all of UBIG's assets have been frozen. UBIG are Hearts' Majority shareholder, therefore, Hearts cannot be sold.

[blackpoolhibs]

Cant Help but thinking - Just somehow the jambos will come out of this totally debt free and still have the stadium...

It just seems me that club - could fall in a barrell of elbows and still come out sucking abbey crouchs tits.. :greengrin

Can you explain how? :faf:

[StevieC]

So they owe Ukio 15 mill from a loan, and UBIG 8 mill of which the stadium is secured for......

My understanding was that they don't owe UKIO anything.

They owe UBIG an "undisclosed" amount (estimated to be anything between £25m-£40m).

UBIG at some point in the not too distant past used Tynecastle as a £15m security on loans from UKIO to UBIG.

Beyond that I have to admit that I am lost as to the implications of what is getting played out in Lithuania and how things directly affect Hearts ability to continue in their current form.

I kinda get the impression though, that if administration kicks in it is down to their own inability to pay their bills, rather than getting taken down by anything that is currently going on in Lithuania. :dunno:

[TrinityHibs]

NOT this.

I disagree that they cant be sold. If in the grab for cash, some investment group comes in with 4-5million, to placate the lithuanian creditors and clear debts (HMRC etc etc), and then look to get their money back at say £250,000+ per year, then theyve got a steady earner with a possibility of a sale in future to recoup the rest of their investment (and a bit of profit).

I agree that its going to be very hard for Hearts to continue without some form of financial handicap, but they have a turnover of around at least 7 million (it was 7 million in 2003/4 and a lot more in 2008). They can soak up some form of repayment plan - to whomever - and still operate as a football club.

Id be delighted to see them go the way of Rangers, and would be just desserts, but I just dont buy into the certainty that some have.

Who in what universe would give up £4-5 million for the basket case that is Hertz? FOH who seem to be the liveliest group of dafties have got the square root of nowt. Is it going to be the Queen of Hearts Anne (Gloag) that wee Eck sends in or just some random cardigan wearing mouthpiece from Corstorphine?

[7062]

Do UBIG owe anything to UKIO?

[grunt]

btw, don't know if it was mentioned above ... but according to Brian McLaughlin they've paid the first 500K to HMRC.Where does he say this? It would be quite something if this were true - a statement that they mean to carry on if at all possible, is how I see it. If it's been paid.

[CropleyWasGod]

So they owe Ukio 15 mill from a loan, and UBIG 8 mill of which the stadium is secured for......so really even after todays news its no difference from any other day until we know / hear what happens to UBIG? ............................

unless UKIO ask for the 15 mill tomorrow, and hearts say we 'huvnae got it' what action would the liquidator then take :confused:

The UKIO money isn't a loan, AFAIK. £15m has been mentioned, as has £10m. However, UKIO have a security over Tynie for £6.8m, which was taken out a few months ago. My understanding is that that is the amount owed to UKIO, either by them or UBIG. The £15m is probably the "facility", ie the maximum HMFC could go to on their overdraft.

The UBIG debt is secured by a charge over all of the assets. These, of course, are diddley-squat. How much is that debt? Pick a number..... but I wouldn't be surprised at £20m.

What today has cleared up is the confirmation of UKIO's administration. That means that their administrator will come for Tynie.

Other than that, you're right, not much has changed.... except that sphincters are moving much more quickly than they were yesterday.


Cant Help but thinking - Just somehow the jambos will come out of this totally debt free and still have the stadium...

It just seems me that club - could fall in a barrell of elbows and still come out sucking abbey crouchs tits.. :greengrin

Okay, humour me.

How?

[Hibee87]

As has been discussed several times on this thread, all of UBIG's assets have been frozen. UBIG are Hearts' Majority shareholder, therefore, Hearts cannot be sold.

Are you sure that statement is correct? Is it not VLADS assests that has been frozen? The shares are with UBIG, who, as far as I know are still a normal active trading company (for the moment any way) so one of 2 things could happen:

1) new board member(s) are appointed at UBIG who on vlads say so sell the shares to highest bidder or,

2) UKIO call in debt owed by UBIG in the not to distant future, and without explaining things for the millionth time ripples through to hearts being put in admin should UBIB be unable to pay said debt.

[Kato]

Secondly, who would pay to make the place habitable for next season ? In all today's excitement I forgot I was told yesterday the safety certificate for the PBS was not going to be re-newed without major alterations to the old stand. Can't vouch for the info. as it was second hand but not unexpected.


That is the main argument against the Lithuanian Administration People (hope we get to hear who they are soon so we can start calling them by their names, lovely guys btw) renting that tip back to the club and hoping to see cash back before eventually offloading onto, say FoH. As owners they would be responsible for the upkeep of said khasi - they would have to deal with the safety aspect and safety upkeep, the asbestos management complete with regular health and safety inspections, the Council tax complete with arrears etc etc.

They would be doing Hearts a huuuuuuge favour by agreeing to taking that lot on.

A further aspect is that Hearts, along with paying the rent would also be expected to service the debt (which seems to be split between both UBIG and UB(r.i.p.). No this is heresay but I've heard from several sources that Hearts have never once paid any interest on the debts accrued during Mr Romanov's tenure, he merely added onto the debt thereby increasing said debt and ironically making the interest higher. There's no doubt that if the nice Lithuanian Administration People :not worth were kindly enough to allow that rape clan to continue living in their lean-to at a set rent they would also want their pound of flesh re the set interest payments.

Add in the HMRC debt and the normal running costs of just merely being a Football Club they just wouldn't be able to cut.

No way are the going to bend over for HMFC like that - admin, liquidised, sell off the **** that isn't nailed down and some that is - HMFC kaput.

[CropleyWasGod]

Are you sure that statement is correct? Is it not VLADS assests that has been frozen? The shares are with UBIG, who, as far as I know are still a normal active trading company (for the moment any way) so one of 2 things could happen:

1) new board member(s) are appointed at UBIG who on vlads say so sell the shares to highest bidder or,

2) UKIO call in debt owed by UBIG in the not to distant future, and without explaining things for the millionth time ripples through to hearts being put in admin should UBIB be unable to pay said debt.

yes.

[rcarter1]

As has been discussed several times on this thread, all of UBIG's assets have been frozen. UBIG are Hearts' Majority shareholder, therefore, Hearts cannot be sold.

OK, but at some point when creditors come looking for cash, they will then presumably be up for sale in some form or another. Ach anyway, I just dont want to see Yams walking around with stupid grins on their faces because they slivered out from yet another rock.

Unless we start beating them badly for the foreseeable future - in which case they will wish they had gone pop!

[steviehibsleith]

Cant Help but thinking - Just somehow the jambos will come out of this totally debt free and still have the stadium...

It just seems me that club - could fall in a barrell of elbows and still come out sucking abbey crouchs tits.. :greengrin

Cant see that happening and the stadium is a liability anyway. 1 stand is ready to be condemned therefore anyone wanting to keep the Stadium as a ongoing issue will also need to invest £6 million to replace it - Better off as new affordable housing :greengrin:greengrin

[Kato]

I disagree that they cant be sold.


I suggest you tell Gintare Putnikiene of Kaunas District Court this, who on freezing Vladimir Romanov's assets, and therefore his shares in UBIG and thus HMFC, said - “Any sale or transfer” of UBIG’s shares in Hearts or its other property “is forbidden”.

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

[CropleyWasGod]

OK, but at some point when creditors come looking for cash, they will then presumably be up for sale in some form or another. Ach anyway, I just dont want to see Yams walking around with stupid grins on their faces because they slivered out from yet another rock.

Unless we start beating them badly for the foreseeable future - in which case they will wish they had gone pop!

Not necessarily.

If the Lith Courts decide to keep them frozen, there is nothing anyone in the UK (creditor or otherwise) can do.

[Part/Time Supporter]

I suggest you tell Gintare Putnikiene of Kaunas District Court this, who on freezing Vladimir Romanov's assets, and therefore his shares in UBIG and thus HMFC, said - “Any sale or transfer” of UBIG’s shares in Hearts or its other property “is forbidden”.

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

Brian McLauchlin said on Radio Scotland earlier today that this ruling (freezing UBIG assets) has been appealed. As the article says, they had 7 days from the date of ruling (12 April) to appeal.

[mca]

Okay, humour me.

How?



Look at the Taxman saga.. one minute they were chasing it .. next minute they get yonks to pay it off !!! and poor dunfermline had to pay theirs.. :wink:



It just seems that everytime something goes against them.. they come out the other end better off !!!! im sick of it :agree:



i would even go as far as reckon that if hearts did fold. they would magically find an ancient Gold burial ground below the stadium !! and that after paying off the debts and buliding a new stadium.. they would still end up having 50million or so to spend whilst working their way up from the bottom.. :cb


bit much i know.. but :greengrin

[CropleyWasGod]

Brian McLauchlin said on Radio Scotland earlier today that this ruling (freezing UBIG assets) has been appealed. As the article says, they had 7 days from the date of ruling (23 April) to appeal.

Did he say by whom?


Look at the Taxman saga.. one minute they were chasing it .. next minute they get yonks to pay it off !!! and poor dunfermline had to pay theirs.. :wink:





HMRC played a good game with that. And with Dunfermline. They are much more commercially savvy than many organisations out there.

[21.05.2016]

Yam mates starting with the '5-1' patter already, incredible.

Hahaha had the same from them. Let them hide behind their 5-1 pish and their pathetic wee 5-1 hand gestures, all that can't save them!

[bighairyfaeleith]

Do UBIG owe anything to UKIO?

only 400 million or so, nowt to worry about really

[carnoustiehibee]

That @TheReal_Romanov sums up a Jambo, no substance to his tweets just mild,watery, school kid insults.

[Springbank]

Just in case anyone feels they'd like to sympathise with the position the government of Lithuania has been put in with regards to the UKIO bank crisis and reassure them that the people of Scotland are fully behind all measures necessary to recover the money Vladimir Romanov stole from the people of Lithuania to use on his ego trip into Scottish football ...

http://www.lithuanianembassy.co.uk/index.php?757349056

Thanks for the link
I emailed them this...
Sir/Madam, I am a taxpayer and I am appalled that a small football club called Hearts of Mid Lothian has laundered £25m of money from the Lithuanian people, just to entertain a paltry 8,000 soccer supporters in Scotland. How many teachers or nurses or police officers or schools or basketball courts or prisons in Lithuania would that £25m have paid for? This money must be recouped for the Lithuanian people and state. Kind regards etc etc

[tamig]

Did he say by whom?

Im sure he said Vlad had appealed the freezing of HIS assets.

[bighairyfaeleith]

The UKIO money isn't a loan, AFAIK. £15m has been mentioned, as has £10m. However, UKIO have a security over Tynie for £6.8m, which was taken out a few months ago. My understanding is that that is the amount owed to UKIO, either by them or UBIG. The £15m is probably the "facility", ie the maximum HMFC could go to on their overdraft.

The UBIG debt is secured by a charge over all of the assets. These, of course, are diddley-squat. How much is that debt? Pick a number..... but I wouldn't be surprised at £20m.

What today has cleared up is the confirmation of UKIO's administration. That means that their administrator will come for Tynie.

Other than that, you're right, not much has changed.... except that sphincters are moving much more quickly than they were yesterday.

This would confirm my suspicions, no way is there debt at 25 million, I reckon it sits about 32 million but the known loans etc are what is being discussed in the press as though that's all there debt. Wonder how much they ow in total to HMRC, local government, local businesses, Heriot Watt etc? All that will add up as well.

[grunt]

Thanks for the link
I emailed them this...
Sir/Madam, I am a taxpayer and I am appalled that a small football club called Hearts of Mid Lothian has laundered £25m of money from the Lithuanian people, just to entertain a paltry 8,000 soccer supporters in Scotland. How many teachers or nurses or police officers or schools or basketball courts or prisons in Lithuania would that £25m have paid for? This money must be recouped for the Lithuanian people and state. Kind regards etc etc
Very public spirited of you. Except it's nearer £60m that he's spent, I think. £25m is just what's outstanding - he's written off nearly £40m.

[bighairyfaeleith]

This would confirm my suspicions, no way is there debt at 25 million, I reckon it sits about 32 million but the known loans etc are what is being discussed in the press as though that's all there debt. Wonder how much they ow in total to HMRC, local government, local businesses, Heriot Watt etc? All that will add up as well.

Further to this, if there accounts where finally announced and the debt sits way higher than the previous figure, which it must, surely creditors would get even more twitchy, and very quickly?

[Kato]

Brian McLauchlin said on Radio Scotland earlier today that this ruling (freezing UBIG assets) has been appealed. As the article says, they had 7 days from the date of ruling (12 April) to appeal.


...and has the appeal been upheld? If not then they remain frozen.

Saying that I'll wait on confirmation of the an appeal even existing once I've seen it in the online Lithuanian press - the Scottish reporting of the "facts" in this story is absymal, rumours based on supposition mostly.

[Part/Time Supporter]

Did he say by whom?

He didn't say. Presumably it would be Romanov or UBIG itself who would appeal that ruling.

http://www.bbc.co.uk/podcasts/series/scotfoot

First 5 minutes of tonight's podcast.
...

New argument from the Hearts end here:

https://twitter.com/BBCBMcLauchlin/status/330055792914993152

"According to their rule book the SPL season ends after completion of all the league fixtures." (which is 19 May).

As I said earlier, this is all about stalling until they can claim that the points penalty should not apply this season.


...and has the appeal been upheld? If not then they remain frozen.

Saying that I'll wait on confirmation of the an appeal even existing once I've seen it in the online Lithuanian press - the Scottish reporting of the "facts" in this story is absymal, rumours based on supposition mostly.

No, he said that the appeal hearing against the freezing of UBIG assets hasn't been scheduled yet.

[jonty]

Cala Developments did'nt care about hallowed ground a few years back. Come to think about it, would it not be a good idea to dig out a few of the headlines from back then about the £ 20 million deal for the land.

Fire a few copies over to the Lith. administrator to make sure he is aware what could be achieved for a cleared site sale. :greengrin

http://www.heraldscotland.com/sport/spl/aberdeen/tynecastle-awaits-the-bulldozers-anger-as-hearts-agree-pounds-22m-deal-with-house-builders-cala-1.77698

Knocked back £24 million. HaHaHaHearts

[CropleyWasGod]

He didn't say. Presumably it would be Romanov or UBIG itself who would appeal that ruling.



Do UBIG have a new Board yet? If not, then it could only be VR, I suppose.

[Billy Whizz]

http://www.heraldscotland.com/sport/spl/aberdeen/tynecastle-awaits-the-bulldozers-anger-as-hearts-agree-pounds-22m-deal-with-house-builders-cala-1.77698

Knocked back £24 million. HaHaHaHearts

Someone used to have the moving picture of Tynie, with the bulldozer knocking it down?

[Part/Time Supporter]

New argument from the Hearts end here:

https://twitter.com/BBCBMcLauchlin/status/330055792914993152

"According to their rule book the SPL season ends after completion of all the league fixtures." (which is 19 May).

As I said earlier, this is all about stalling until they can claim that the points penalty should not apply this season.

Page 88 of the SPL rulebook defines a "season" as:

"the period of the year commencing on the date of the first league match and ending on the date of the last league match or otherwise as determined by the Board".

http://www.scotprem.com/content/mediaassets/doc/RULES%20EFFECTIVE%203%20DECEMBER%202012.pdf

Rule A4 (relating to league membership) states that:


The owner and operator of a Club participating in the League shall become a member of the Company by acquiring one Ordinary Share therein at par for cash, such Ordinary Share to be acquired, through the Secretary, in accordance with the provisions of the Articles of Association. The owner and operator of a Club ceasing to be entitled to play in the League shall cease to be a member of the Company and shall relinquish its Ordinary Share at the end of the relevant Season in accordance with the Articles of Association.

ie Dundee should return their SPL share ASAP after 19 May, assuming that they don't climb above St. Mirren or Hearts are docked points before then.

[CropleyWasGod]

Page 88 of the SPL rulebook defines a "season" as:

"the period of the year commencing on the date of the first league match and ending on the date of the last league match or otherwise as determined by the Board".

http://www.scotprem.com/content/mediaassets/doc/RULES%20EFFECTIVE%203%20DECEMBER%202012.pdf

That's a blow.

Still, there's enough time for UBIG to play their own card.

Or for ER to be flooded for a couple of weeks, thus necessitating the continued postponement of the Dundee match.

[FranckSuzy]

9735





















I think we should all have this as our avatar now :agree::greengrin

[Ryan91]

Page 88 of the SPL rulebook defines a "season" as:

"the period of the year commencing on the date of the first league match and ending on the date of the last league match or otherwise as determined by the Board".

http://www.scotprem.com/content/mediaassets/doc/RULES%20EFFECTIVE%203%20DECEMBER%202012.pdf

So really the season ends when the Board says it ends, not necessarily after the last fixture is completed.

:pray: for the board making the season last just that little bit longer.

[Kato]

http://www.heraldscotland.com/sport/spl/aberdeen/tynecastle-awaits-the-bulldozers-anger-as-hearts-agree-pounds-22m-deal-with-house-builders-cala-1.77698

Knocked back £24 million. HaHaHaHearts

There were nine bids put in for the Tynecastle site and the highest came from the Stewart Milne Group who had bid (pounds) 24m but the Hearts board felt the Cala bid was ''the best all-round offer'' on the table.

No shortage of bidders for "hallowed ground" back then. Honestly you'd think it was a Cherokee Burial Site and everyone had to take their horses over the mountains and through the pass in order to avoid their wrath. It's a few acres of mediocre real-estate in a grubby, industrial/post-industrial area of town. A few miles further North or South and it be worth triple but it ain't, most business minded people will see it as another land commodity to be invested in or not depending on what they can make from it or what that can do with it.

Unless Salmond/The National Trust tip up and turn into a National Park or Weirdo Sanctuary or something.

[Part/Time Supporter]

So really the season ends when the Board says it ends, not necessarily after the last fixture is completed.

:pray: for the board making the season last just that little bit longer.

Roddy Forsyth (Telegraph journo) was talking about this the other night on Sportsound. It's more likely that the SPL board will play it by the book, because they will not want Hearts out of the league unless it is forced upon them. Losing the Edinburgh derby on top of no Rangers = not good for ratings.

[Mikey]

New argument from the Hearts end here:

https://twitter.com/BBCBMcLauchlin/status/330055792914993152

"According to their rule book the SPL season ends after completion of all the league fixtures." (which is 19 May).

As I said earlier, this is all about stalling until they can claim that the points penalty should not apply this season.

That's the clearest sign yet that they're planning on going into administration as soon as possible after they're safe from relegation. That's got to raise a big red flag for HMRC and any business they're due money to.

[CropleyWasGod]

That's the clearest sign yet that they're planning on going into administration as soon as possible after they're safe from relegation. That's got to raise a big red flag for HMRC and any business they're due money to.

Only a mean-spirited lowlife would drop HMRC a hint.

Oh, wait, we've been here before.....:greengrin

Actually, I'm sure HMRC are well aware of the tactics.

[Part/Time Supporter]

That's the clearest sign yet that they're planning on going into administration as soon as possible after they're safe from relegation. That's got to raise a big red flag for HMRC and any business they're due money to.

There's nothing HMRC can do about it. They are owed the second and third lots of £500,000, but those aren't due for payment until next year and the year after. HMFC are up to date with their normal payments, according to McLauchlin in the podcast linked above. If they weren't, there would already be a petition in the court.

[DaveF]

So its possible that Hearts put themselves into admin, thereby stuffing HMRC for the 1 million outstanding?

[CropleyWasGod]

There's nothing HMRC can do about it. They are owed the second and third lots of £500,000, but those aren't due for payment until six months and 12 months from now respectively. HMFC are up to date with their normal payments, according to McLauchlin in the podcast linked above. If they weren't, there would already be a petition in the court.

I reckon they could, although it would be nasty of them to do it.

The remaining £1m was due the day the assessments were raised. HMRC have given them time to pay it, that is all. They could go by the letter of the law and demand immediate payment.

That said, I don't think that they will. They have played Hearts well thus far, and their tactic of getting cash from ST sales has worked. They will be quite happy to let the agreement continue.

Edit:- I have just noticed that you say the next instalment is due in 6 months. I thought it was 3 annual payments.

[Mikey]

So its possible that Hearts put themselves into admin, thereby stuffing HMRC for the 1 million outstanding?

They're hoping to go into admin and stuff everyone.

[hibbypostie]

9735





















I think we should all have this as our avatar now :agree::greengrin Erm no thanks couldn't handle all those badges on here :greengrin

[FranckSuzy]

Erm no thanks couldn't handle all those badges on here :greengrin

True :greengrin

[greenginger]

So its possible that Hearts put themselves into admin, thereby stuffing HMRC for the 1 million outstanding?

The £ 1 million outstanding :confused: . Are you saying the first installment of £ 500,000 has been paid to Hector ?

[CropleyWasGod]

The £ 1 million outstanding :confused: . Are you saying the first installment of £ 500,000 has been paid to Hector ?

According to Brian McLaughlin, it has.

If he has been told that by HMFC, and it's crap, one might expect a rebuttal from HMRC. However, they don't often comment on specific tax cases.

[greenginger]

According to Brian McLaughlin, it has.

If he has been told that by HMFC, and it's crap, one might expect a rebuttal from HMRC. However, they don't often comment on specific tax cases.


Was that the Hearts statement that they were up to date with their taxes ? We don't know when the first installment was due in May, it might be with their monthly tax and N I. payments on the 22nd.

* Sorry, just read his article and see it in last paragraph.

Mind you his article also states UBIG is the parent company of Ukio bankas and we know that is Keek.

[CropleyWasGod]

Was that the Hearts statement that they were up to date with their taxes ? We don't know when the first installment was due in May, it might be with their monthly tax and N I. payments on the 22nd.

He definitely said that the first £500k had been paid "within the last few days".

[Col2]

He definitely said that the first £500k had been paid "within the last few days".

What he said was first installment was paid now. This could be £40k or £500k.

[CropleyWasGod]

What he said was first installment was paid now. This could be £40k or £500k.

The instalments are £500k, no?

[Col2]

The instalments are £500k, no?

Did allisBarry not suggest it was split over 12 months?

[CropleyWasGod]

Did allisBarry not suggest it was split over 12 months?

Your point being? :greengrin

I have always understood it to be 3 at £500k, in May, because that's when the Season Tickets are due. If HMRC were getting £40k per month, why would they start in May, and not back in December when the settlement was made?

[Spike Mandela]

15. :wink:

(The rule is 15 or 1/3 last season's total, whichever is bigger.)

Are you sure?

http://www.scotprem.com/content/default.asp?page=s2&newsid=11407

[SteveHFC]

HEARTS are poised to AVOID SPL relegation this season — even if they enter administration before the end of May. The cash worries of Vladimir Romanov got worse yesterday as UKIO Bankas were declared bankrupt in a Kaunas court.
That means the administrators for the Bank of Lithuania have the power to call in £15million debt owed by the Tynecastle club.
By doing so immediately they would trigger a 17-point deduction that would instantly put Hearts six points behind current bottom club Dundee.
However, SunSport understands that’s unlikely to happen while the case is still being debated in the Lithuanian courts.
Any party wishing to appeal against the decision of the Kaunas court has ten days to do so.
Last night it emerged the transfer of the league’s golden share between the promoted and relegated sides will take place on May 20 — NOT June 1 as has traditionally been the case before.
That means Hearts will remain an SPL club next season provided they do not enter administration in the next three weeks.
Such an outcome looks increasingly likely with the process of sorting out UKIO’s affairs expected to take several weeks.
That would lead to Hearts instead kicking off the 2013/14 SPL season with a points deduction if they were to enter administration during the close season.
Jambos manager Gary Locke has revealed he was trained to deal with administration when he sat his SFA coaching badge earlier this year.
He said: “I did my Pro Licence with Jim Fleeting and Donald Park and to be fair to them they covered absolutely everything, including administration.
“On the course they put you through everything you might have to deal with as a manager.
“It covers the finance side as much as the coaching and deals with things people don’t see.
“It’s a learning process for everyone, especially me, but I can only concentrate on the football.
“It might be turmoil off the park, I don’t know, but it’s not turmoil on the training pitch.
“My sole focus is on the football, other questions are for the directors.
“I’m here as first-team manager and all I can concentrate on is football.
“What happens off the pitch is in the hands of the directors. I’m trying to deal with the players and getting on with the job.”


Read more: http://www.thesun.co.uk/sol/homepage/feeds/smartphone/scotland/4913090/Jambos-to-avoid-the-drop.html#ixzz2SBKrjsCd

[The Green Goblin]

When was the very first time this news broke? Was it still 1/5 anywhere in the world? Australia? New York? Anywhere? :greengrin

[Treadstone]

HEARTS are poised to AVOID SPL relegation this season — even if they enter administration before the end of May.

The cash worries of Vladimir Romanov got worse yesterday as UKIO Bankas were declared bankrupt in a Kaunas court.
That means the administrators for the Bank of Lithuania have the power to call in £15million debt owed by the Tynecastle club.
By doing so immediately they would trigger a 17-point deduction that would instantly put Hearts six points behind current bottom club Dundee.





How many media outlets are going to keep on WRONGLY saying that the deduction is 17pts. Lazy.

[Pete]

How many media outlets are going to keep on WRONGLY saying that the deduction is 17pts. Lazy.

If they can't even get that right then what else are they reporting that is totally untrue?

A lot judging by all the mince I hear from hearts fans who think everything is OK. It's like the sevco situation all over again with joe public repeating garbage that the media have spouted: Sevco were "punished", "voted out" and "relegated"...all garbage.

I appreciate that being a journalist is probably quite a hard job but the facts aren't hard to find.

[neilmartinrocks]

If they can't even get that right then what else are they reporting that is totally untrue?

A lot judging by all the mince I hear from hearts fans who think everything is OK. It's like the sevco situation all over again with joe public repeating garbage that the media have spouted: Sevco were "punished", "voted out" and "relegated"...all garbage.

I appreciate that being a journalist is probably quite a hard job but the facts aren't hard to find.


There's no many sports journalist's in scotland wuild ken a fact if it bit them on the arse :greengrin

oooooh!! just noticed ARSE isnae censored.

[Hibercelona]

I appreciate that being a journalist is probably quite a hard job but the facts aren't hard to find.

Totally agree.

They should come on Hibs.net, that'll help clear up any confusion and set the facts straight. :wink:

[lord bunberry]

There's no many sports journalist's in scotland wuild ken a fact if it bit them on the arse :greengrin

oooooh!! just noticed ARSE isnae censored.

Cock isnae censored either

[Matty_Jack04]

There's a few rumours and rumblings on Facebook amongst my yam aquaintences this morning....is he jig up?

[green glory]

There's a few rumours and rumblings on Facebook amongst my yam aquaintences this morning....is he jig up?

What are they saying?

[bingo70]

There's a few rumours and rumblings on Facebook amongst my yam aquaintences this morning....is he jig up?

Depends how reliable you're friends are on facebook, facebook itself isn't a source, your pals are!

(Don't take that the wrong way, not intended as a dig, I just find it funny when people use facebook or 'a text' as a source)

[Matty_Jack04]

What are they saying?

They seem to think its admin over the weekend, it's all in what seems like yam code not got the reason behind why it's no longer a June 1st waiting game yet or where the story is coming from

[SHODAN]

I'll admit it - after all the false starts and "it'll happen soon guys, honest" posts from a large number of people on here for the last six years, I'm finally starting to get excited. Here's hoping. :aok:

[Benny Brazil]

According to Brian McLaughlin, it has.

If he has been told that by HMFC, and it's crap, one might expect a rebuttal from HMRC. However, they don't often comment on specific tax cases.

This is the bit I dont get - why pay the £500k and then go into admin?

[matty_f]

This is the bit I dont get - why pay the £500k and then go into admin?

Might be so they can go into admin on their terms (if that makes a difference?).

Missing the hmrc payment would have brought a winding up order against them which could have killed them off.

[Bostonhibby]

There's no many sports journalist's in scotland wuild ken a fact if it bit them on the arse :greengrin

oooooh!! just noticed ARSE isnae censored.

Neither is erse which I was using thinking arse was banned, cheers for the info! ******** is banned so you can't say yam ********. ***** is also banned so you can't call them that either, you can still think it though.

[Benny Brazil]

Might be so they can go into admin on their terms (if that makes a difference?).

Missing the hmrc payment would have brought a winding up order against them which could have killed them off.

Ok - but did Sevco not manage to go into admin on their terms (and appoint their favoured Administrators) - despite HMRC attempting to force the issue, why would the Yams be any different - if the rumours are true they already have Administrators lined up so could do the deed before HMRC have time to act - maybe its just my lack of knowledge on these sort of financial issues.

[Hibee87]

Might be so they can go into admin on their terms (if that makes a difference?).

Missing the hmrc payment would have brought a winding up order against them which could have killed them off.

Yip tats what my take on it would be. They know if they miss any payment to HMRC its straigt to winding up order. however I dont see what putting themselves in Admin would achieve? Admitadly im no expert but i belive to get out of admin they would need to aggree a CVA of a pence to the pound on all creditors which HMRC would reject. So would vaualantery admin even be worth it/an option
:confused:


Ok - but did Sevco not manage to go into admin on their terms (and appoint their favoured Administrators) - despite HMRC attempting to force the issue, why would the Yams be any different - if the rumours are true they already have Administrators lined up so could do the deed before HMRC have time to act - maybe its just my lack of knowledge on these sort of financial issues.

I think the hearts situ is pretty different in the fact they would not be able to sell/transfer the assests of the stadium or the shares at the moment.

[StevieC]

That's the clearest sign yet that they're planning on going into administration as soon as possible after they're safe from relegation. That's got to raise a big red flag for HMRC and any business they're due money to.

I don't really get the "they'll wait till they're safe" argument.
Surely this would be dependent on creditors agreeing a CVA and as Ukio have security over all assets there is zero chance of this happening?

Liquidation and Division 3 will soon follow regardless of whether they avoid relegation?

[matty_f]

Ok - but did Sevco not manage to go into admin on their terms (and appoint their favoured Administrators) - despite HMRC attempting to force the issue, why would the Yams be any different - if the rumours are true they already have Administrators lined up so could do the deed before HMRC have time to act - maybe its just my lack of knowledge on these sort of financial issues.

Sevco got their own administrator but hmrc forced them into administration iirc.

[CB_NO3]

Yeah the CVA would have to be agreed by the Lithuanian authorities as they are the main creditor with the bulk of the debt. It would make no sense for them to accept a 20p in the £1 deal as they will end up owning the stadium (which was valued at 6.8m as security on the 15m debt to Ukio). I think it will take someone to offer 6.8 million in order for the Liths to talk, if they dont they could eventually liquidate the company and sell the stadium anyway.

[StevieC]

Ok - but did Sevco not manage to go into admin on their terms (and appoint their favoured Administrators) - despite HMRC attempting to force the issue, why would the Yams be any different - if the rumours are true they already have Administrators lined up so could do the deed before HMRC have time to act - maybe its just my lack of knowledge on these sort of financial issues.

Sevco, or rather CW, I reckon already had a good relationship with Duff and Phelps due to previous business dealings and would have known that they would have been (to a certain extent) "sympathetic" to CW's requirements. For example, the sale of assets for £5.5m.

In not sure that anyone at Hearts will have anyone on board with the same type of relationship with an administrator that CW had with Duff and Phelps.

[jodjam]

I don't really get the "they'll wait till they're safe" argument.
Surely this would be dependent on creditors agreeing a CVA and as Ukio have security over all assets there is zero chance of this happening?

Liquidation and Division 3 will soon follow regardless of whether they avoid relegation?

Not sure div 3 would automatically follow. If they don't have the PBS this could work against them.

Plus the Spartans and other sides would surely mount a challenge if teams like them and pars were shoe horned into div 3

[Part/Time Supporter]

Today's bit of Yam propaganda in the Scotsman is pushing a line I predicted a couple of months back: that UBIG being pushed into administration should not automatically result in a points deduction for HMFC.

http://www.scotsman.com/news/hearts-fans-to-prepare-bid-as-ukio-bankas-goes-bust-1-2918028


Should there be a ruling that Ukio do in fact own 79 per cent of the shares in Hearts, the board of the Scottish Premier League would then have to take a closer interest. At present, as neither Hearts nor Ubig have suffered an insolvency event, the SPL will not take action against the club.

There are no hard-and-fast rules to define what happens if a club’s parent company suffers an insolvency event. Indeed, there are no hard-and-fast rules about how a parent company should be defined. Even if a parent company of Hearts or any other member club did suffer an insolvency event, the SPL board would have to assess various factors before deeming that the club itself should have a points penalty imposed. One of those factors is the club’s current ability to carry on normal daily operations without need of continued financial support from the parent company. Hearts insist that they have been doing this since early last year.

[StevieC]

Yeah the CVA would have to be agreed by the Lithuanian authorities as they are the main creditor with the bulk of the debt. It would make no sense for them to accept a 20p in the £1 deal as they will end up owning the stadium (which was valued at 6.8m as security on the 15m debt to Ukio). I think it will take someone to offer 6.8 million in order for the Liths to talk, if they dont they could eventually liquidate the company and sell the stadium anyway.

No, the Liths would not be involved in a CVA as they are secured creditors.
I reckon that HMRC would be the main creditors in a CVA, although they're not known for accepting CVAs so the outcome would be the same .. rejected.

[Mon Dieu4]

Today's bit of Yam propaganda in the Scotsman is pushing a line I predicted a couple of months back: that UBIG being pushed into administration should not automatically result in a points deduction for HMFC.

http://www.scotsman.com/news/hearts-fans-to-prepare-bid-as-ukio-bankas-goes-bust-1-2918028

i would define a parent company is the company you.plaster all over your website saying they are your parent company!!

http://www.heartsfc.co.uk/articles/20110512/hearts-back-in-profit_2241384_2358272

NEXT

[Part/Time Supporter]

This is the bit I dont get - why pay the £500k and then go into admin?

It's all about timing. If they had missed the £500K payment, then HMRC would have filed a winding up petition against HMFC immediately. That would have gone through within two weeks, meaning HMFC would have entered insolvency (in this case liquidation) before the end of the season.

[matty_f]

I don't see how the Yams can legitimately say they are self sufficient when they've had to restructure debt to hmrc, have missed players' wages on numerous occasions this season, and have had the begging bowl out just to see out the season.

That's just about as far removed from self-sufficiency as you can get without actually being deid.

[Green Blood]

I suspect HMFC will have consulted with their lawyers and I think they will take the club into a Voluntary Administration........

1) Does this buy them time/protection from being liquidated by Valnetas UAB the Lithuanian appointed administrator.

2) By going into Voluntary Admin gives them greater control on their own destiny.

3) They want to control the process rather than being pressured/dominated by Valnetas

Whatever outcome is, Liquidation is an inevitable consequence. FOH offer of say £2 million will be kicked into touch, there are many property developers/speculators that see more worth in *********** than that being offered by FOH

[Part/Time Supporter]

i would define a parent company is the company you.plaster all over your website saying they are your parent company!!

http://www.heartsfc.co.uk/articles/20110512/hearts-back-in-profit_2241384_2358272

NEXT

The rules are not as simple as that. Rule A6.12 talks about the penalty only applying after the Board has considered the integrity of the league, the reputation of the league and the relationship between the [parent company] and the [club]. The club can then also appeal on the grounds that the parent company insolvency is a force majeure event (ie out of their control).

http://www.scotprem.com/content/mediaassets/doc/RULES%20EFFECTIVE%203%20DECEMBER%202012.pdf

[StevieC]

I don't see how the Yams can legitimately say they are self sufficient when they've had to restructure debt to hmrc, have missed players' wages on numerous occasions this season, and have had the begging bowl out just to see out the season.

That's just about as far removed from self-sufficiency as you can get without actually being deid.

The problem for the SPL is proving it.

We all know that without repayment plans and share issues (where are those shares BTW?) then they would not have managed to limp over the finishing line. However, the SPL would need hard proof that they were unable to trade within their projected turnover for them to force the issue, which I suspect they would not really want to do anyway.

[Boyle89]

Best birthday ever :). I'm LOVING this. A huge thanks to folk like CWG for keeping us less informed up to speed.

[CB_NO3]

Slightly off topic but my mate is a car salesman with Volkswagen on Gorgie Road. They store about 10 to 15 cars in the car park at the main stand at Tynecastle, something they have done for years with the club, they have some sort of agreement. Anyway they got told yesterday to have all the cars moved from the car park as soon as possible. Bit strange considering they have been there for about 4 years.

[greenginger]

I am sure the overspending by HOMFC which in turn forced UBIG into approx. £ 50 million of bail outs in the way of debt for equity and forgiveness debt scams played a part in any insolvency process of Heart's parent company.

The problem will be getting the blazers and media to accept it. There are none as blind as those who don't want to see !

[Hibby Kay-Yay]

Im sure he said Vlad had appealed the freezing of HIS assets.


I don't see how the Yams can legitimately say they are self sufficient when they've had to restructure debt to hmrc, have missed players' wages on numerous occasions this season, and have had the begging bowl out just to see out the season.

That's just about as far removed from self-sufficiency as you can get without actually being deid.

I agree Matty and further to the point, why has no-one asked about the accounts? If they say they are self sufficient then show the evidence in your accounts!! Simples

[Caversham Green]

Today's bit of Yam propaganda in the Scotsman is pushing a line I predicted a couple of months back: that UBIG being pushed into administration should not automatically result in a points deduction for HMFC.

http://www.scotsman.com/news/hearts-fans-to-prepare-bid-as-ukio-bankas-goes-bust-1-2918028

Two points on the bit you quoted.


Hearts are not self-sufficient. The amounts owed to UBIG were due for repayment by December 2011 HoMFC have been unable to make that repayment for over a year, therefore they can't pay their debts as they fall due, therefore they are insolvent.
'Mr Romanov' has often boasted about putting £60m into HoMFC since he bought them. That money has (or should have) contributed massively to the club's performance over those years and has also contributed to UBIG's downfall. No club in Scotland has benefitted more from having a parent company and no club is more deserving of the penalties for failure of their group.

[Part/Time Supporter]

BTW, some folk here have incorrectly stated that HMFC would be deducted a minimum of 15 points next season. That isn't correct.

Rule A6.8 states that the minimum deduction is 10 points. As HMFC already have more than 30 points this season, the deduction would be one third (rounded up) of their final total this season. As it stands that would be 14 (40/3 = 13.333).