Hearts charity thieves

[DarlingtonHibee]

Did they ever pay back what they owed? I'm not sure they did, especially charities.

[Bostonhibby]

No. They published the list of shame that was their creditors list themselves. I think they tried to, and may have succeeded, transfer the money they stole from Big Hearts into rent they were owed by the creditor in an attempt to annul the debt but that's it. Someone paid the poppy fund debt. Not HOMFC.

[CropleyWasGod]

Did they ever pay back what they owed? I'm not sure they did, especially charities.
They paid some of what they owed to the secured creditor.

Nowt to the rest.

Sent from my SM-A510F using Tapatalk

[Itsnoteasy]

No. They published the list of shame that was their creditors list themselves. I think they tried to, and may have succeeded, transfer the money they stole from Big Hearts into rent they were owed by the creditor in an attempt to annul the debt but that's it. Someone paid the poppy fund debt. Not HOMFC.

I was told it was Tom Farmer that paid the poppy debt

[Danderhall Hibs]

I was told it was Tom Farmer that paid the poppy debt

Heard the same.

[lapsedhibee]

Did they ever pay back what they owed? I'm not sure they did, especially charities.

Shirley The Conk will divert some of his gains from last night's extravagonzo?

[Bostonhibby]

I was told it was Tom Farmer that paid the poppy debt
It's certainly been suggested

[brog]

They paid some of what they owed to the secured creditor.

Nowt to the rest.

Sent from my SM-A510F using Tapatalk

They also of course had to pay their football debts in order to maintain their membership of the SFA/SPFL. Not that incurring football debts was anything unusual for that lot. We remember Arbroath taking legal action to get payment of £13k for Andy Webster's transfer. A real classy outfit!

[CropleyWasGod]

They also of course had to pay their football debts in order to maintain their membership of the SFA/SPFL. Not that incurring football debts was anything unusual for that lot. We remember Arbroath taking legal action to get payment of £13k for Andy Webster's transfer. A real class,outfit!
Yeah you're right.

Sent from my SM-A510F using Tapatalk

[DarlingtonHibee]

Yeah you're right.

Sent from my SM-A510F using Tapatalk

Cwg you are the expert, did the get away with much?

[CropleyWasGod]

Cwg you are the expert, did the get away with much?
Someone on here has the final creditors list........😉

Sent from my SM-A510F using Tapatalk

[Bostonhibby]

Someone on here has the final creditors list........😉

Sent from my SM-A510F using Tapatalk

Here you go

2 Sports Marketing Ltd £5,153
A1 Minibus & Coaches £100
ADT Fire£1,033
Ayr United FC£1,750
Arnold Clark Finance£6,764
Allan Dick£50
Alasdair Fraser£528
Ardue House Hotel£180
AllStar Business Solutions£100
Alexander Szaorari£9,100
AB Ukio Bankas£15,488,290
Baltic Clipper£497
Bank of Scotland (Merchant Services)£100
Bank of Scotland (Equipment Finance)£970
Beswicks Sports Ltd£3,000
BOC Gases£490
British Red Cross£76
BT£3,024
British Gas£580
BIG Hearts Community Trust£589
Bruce Rae Property Management£34,048
Business Line UAB£204,143
Cable & Wireless£2,198
James Calcer£1,411
Cameron Presentations£5,406
Campbell Medical Supplies£100
Janette Campbell£100
Cardiac Services£152
Charlie Irons Coaches£100
Chamic£100
Childcare Vouchers£100
B Ciocco£11,469
Citroen£5,232
Clearwater Technology£5,156
Clouds£6,870
Coerver Coaching Scotland£949
Concept Group£841
Copymade Ltd£100
Corona Energy Retail£29,729
The Insolvency Service£0
DJ Alexander£6,323
David Cameron£110
Miss Amal Daher£120
Dataserve UK£160
DC Lighting Services£652
DJB Fire & Safety Training£48
Outfield Harrison£1,816
Daisy Communications£1,474
Ensco 165 £509,464
Eamonn Collins£5,000
Edinburgh Chamber of Commerce£674
Elite Medicale£222
Ermington Associates£100
Egkijius Valiauga£863
Fife Imaging Associates£903
Fountain Court Apartments£100
Football Safety Officers£230
GF Capital Solutions£337
John Gibson£2,520
Glenham Property£100
Graeme Rankin Sports Mgmt.£12,000
Green Star Media£77
Greentech Sportsturf£1,056
G4S£12,057
GroupCall Ltd.£210
HM Revenue - VAT£0
HM Revenue£1,881,068
Hamilton & Brydie£144
Hectic Life£52
HBJ Gateley Wareing£100
Herriot Watt£145,655
Highlander Kilt Hire£430
Hitachi Capital£7
Holiday Inn Aberdeen£58
Homespring Ltd£499
Sven Housten£40
HoMFC Shareholder Association£5,030
Impact Signs£6,499
InterLax£234
Interface En£100
James Armstrong & Co£1,520
Johnston Carmichael£100
Jane Lofthouse Johnson£410
James Sandison£680
J Thomson Colour Printers£100
Kauno Futbolo£13,431
Key Sports Management£23,049
Korelita£52,610
KPMG Hungary£1,190
Lady Haigs Poppy Fund£185
Lietuvos Rytas£37
Livingston FC£282
Liverpool FC£46,625
Llyods TSB£17,165
Lex Autolease£1,159
Lochgreen Hotel£510
Lyco Direct Ltd.£1,822
Milson Capital Corp£1,223,989
Ian Maclennan£335
McCraes Battalion Trust£100
Dr Carrie McCrea£760
Tony McGill£19,625
Dr Scott McKie£700
McRae of Gorgie£560
Meridan Hospital£790
Dr Andrew Murray£250
Musselburgh Athletic FC£5,790
Michael Page International£100
NHS Lothian£75
NHS Fife £739
North Lanarkshire Council£100
Northgate Vechile Hire£100
Nuffield Health£4,645
OG Lawfirm£5,000
Orange£5,896
PHS Group£1,110
Pulsant Scotland£240
Paton Plant Ltd£3,290
Pendrich Height Services£6,552
Performing Right Society£13,995
Pitch International£4,746
PPL Sport & Leisure£1,325
PPL£4,133
Premier Sports£4,836
ProKit£100
ProAmica£34,899
Professor Ernest Schiders£2,410
Rapide Communication£176
Respublikos Investicija£62
Runos Vertimal£43
RWN Orthopaedics£100
Ryden Lettings£100
Rigby Taylor Ltd.£1,564
Robert Graeme Wilson£150
Spie Matthew£2,436
Spire Healthcare£3,118
Scottish Water£100
Steve Hutchison£3,430
Scottish Police Authority£18,585
Savills£20,602
Scottish Ambulance Services£2,454
Scomac Catering Equip.£100
Scottish Power (Stadium)£9,544
Scottish Power (Ticket Office)£5,467
Scottish Power (Admin Block)£1,254
Scottish Gas Business£347
Scrubbers Laundry£162
SDMS£411
Securevent Security£12,309
SFA£5,011
Shanks Waste Mgmt.£1,211
Scottish Hydro Electric£139
Jordan Shearer£90
Shred-it£457
Sky Business£100
Slaters£100
SNS Group£1,281
Spectator Seating£13,005
Speedy Power£100
Sportsmasters£1,648
Sporting ID£100
Sports Medicine Uraea AB£2,700
SRM Hearts£19,853
Scottish Power£100
St Andrews First Aid£364
Stenhousemuir FC£12,900
Stellar Football Ltd£5,750
Streamline Print Mgmt.£418
Superturas£26,636
Scottish Youth Football Assoc.£1,700
T.G Baker Sound£2,656
ThyssenKnapp Elevator£3,378
City of Edinburgh Council£90,715
City of Edinburgh Council (for flats)£2,631
The Edinburgh Clinic£557
Newspaper Licensing Agency£1,428
Talk Talk£5,548
The Rangers FC£1,410
Ticketmaster£33,112
TNT UK£8
TNT Post£56
Trichem£1,380
Technology Services Group£1,967
Turnstile Systems£810
UAB litcargus£1,166
UK Football Academy£228
Unum£2,300
UAB Ukio£8,151,497
Veecom Systems£3,525
Viola£290
Vodafone Connect£343
Wallace Brown/Langstane£956
Weatherseal£42
Western Saab£500
Dr David Whitaker£500
Scott Wilson£1,000
Yorkshire Clinic£2,562

[Waxy]

Shred it £457? How much bigger would the list have been if they didn't use £457 worth of shred it services.

[iwasthere1972]

Scott Wilson £1000. Good. :greengrin

[Mikers110]

Lady Haigs Poppy Fund. £185

Given the history of the club, and notwithstanding all the other creditors they shafted, this one will forever remain a dark stain.

[Eyrie]

Lady Haigs Poppy Fund. £185

Given the history of the club, and notwithstanding all the other creditors they shafted, this one will forever remain a dark stain.

Don't forget that the list was of money due to creditors in May. The poppy money should have paid in November, so it was resting in their account for a deliberately long time.

[Waxy]

Lady Haigs Poppy Fund. £185

Given the history of the club, and notwithstanding all the other creditors they shafted, this one will forever remain a dark stain.

A dark stain that even vanish can't remove.Even when used in conjuntion with swarfega.

[Betty Boop]

Bumping Ambulance Service and the Police ? Classy? :rolleyes:

[matty_f]

Heard the same.

Me too.

[Kato]

Here you go

2 Sports Marketing Ltd £5,153
A1 Minibus & Coaches £100
ADT Fire£1,033
Ayr United FC.................


Is that the first list which showed they owed circa£28M or the second one which showed they owed £35M?

[Bostonhibby]

Is that the first list which showed they owed circa£28M or the second one which showed they owed £35M?
First I think. Never seen the other one

[Phil MaGlass]

When do the creditors list tshirts come out with an added bit saying we paid the poppy fund debt?

[delbert]

Here you go

2 Sports Marketing Ltd £5,153
A1 Minibus & Coaches £100
ADT Fire£1,033
Ayr United FC£1,750
Arnold Clark Finance£6,764
Allan Dick£50
Alasdair Fraser£528
Ardue House Hotel£180
AllStar Business Solutions£100
Alexander Szaorari£9,100
AB Ukio Bankas£15,488,290
Baltic Clipper£497
Bank of Scotland (Merchant Services)£100
Bank of Scotland (Equipment Finance)£970
Beswicks Sports Ltd£3,000
BOC Gases£490
British Red Cross£76
BT£3,024
British Gas£580
BIG Hearts Community Trust£589
Bruce Rae Property Management£34,048
Business Line UAB£204,143
Cable & Wireless£2,198
James Calcer£1,411
Cameron Presentations£5,406
Campbell Medical Supplies£100
Janette Campbell£100
Cardiac Services£152
Charlie Irons Coaches£100
Chamic£100
Childcare Vouchers£100
B Ciocco£11,469
Citroen£5,232
Clearwater Technology£5,156
Clouds£6,870
Coerver Coaching Scotland£949
Concept Group£841
Copymade Ltd£100
Corona Energy Retail£29,729
The Insolvency Service£0
DJ Alexander£6,323
David Cameron£110
Miss Amal Daher£120
Dataserve UK£160
DC Lighting Services£652
DJB Fire & Safety Training£48
Outfield Harrison£1,816
Daisy Communications£1,474
Ensco 165 £509,464
Eamonn Collins£5,000
Edinburgh Chamber of Commerce£674
Elite Medicale£222
Ermington Associates£100
Egkijius Valiauga£863
Fife Imaging Associates£903
Fountain Court Apartments£100
Football Safety Officers£230
GF Capital Solutions£337
John Gibson£2,520
Glenham Property£100
Graeme Rankin Sports Mgmt.£12,000
Green Star Media£77
Greentech Sportsturf£1,056
G4S£12,057
GroupCall Ltd.£210
HM Revenue - VAT£0
HM Revenue£1,881,068
Hamilton & Brydie£144
Hectic Life£52
HBJ Gateley Wareing£100
Herriot Watt£145,655
Highlander Kilt Hire£430
Hitachi Capital£7
Holiday Inn Aberdeen£58
Homespring Ltd£499
Sven Housten£40
HoMFC Shareholder Association£5,030
Impact Signs£6,499
InterLax£234
Interface En£100
James Armstrong & Co£1,520
Johnston Carmichael£100
Jane Lofthouse Johnson£410
James Sandison£680
J Thomson Colour Printers£100
Kauno Futbolo£13,431
Key Sports Management£23,049
Korelita£52,610
KPMG Hungary£1,190
Lady Haigs Poppy Fund£185
Lietuvos Rytas£37
Livingston FC£282
Liverpool FC£46,625
Llyods TSB£17,165
Lex Autolease£1,159
Lochgreen Hotel£510
Lyco Direct Ltd.£1,822
Milson Capital Corp£1,223,989
Ian Maclennan£335
McCraes Battalion Trust£100
Dr Carrie McCrea£760
Tony McGill£19,625
Dr Scott McKie£700
McRae of Gorgie£560
Meridan Hospital£790
Dr Andrew Murray£250
Musselburgh Athletic FC£5,790
Michael Page International£100
NHS Lothian£75
NHS Fife £739
North Lanarkshire Council£100
Northgate Vechile Hire£100
Nuffield Health£4,645
OG Lawfirm£5,000
Orange£5,896
PHS Group£1,110
Pulsant Scotland£240
Paton Plant Ltd£3,290
Pendrich Height Services£6,552
Performing Right Society£13,995
Pitch International£4,746
PPL Sport & Leisure£1,325
PPL£4,133
Premier Sports£4,836
ProKit£100
ProAmica£34,899
Professor Ernest Schiders£2,410
Rapide Communication£176
Respublikos Investicija£62
Runos Vertimal£43
RWN Orthopaedics£100
Ryden Lettings£100
Rigby Taylor Ltd.£1,564
Robert Graeme Wilson£150
Spie Matthew£2,436
Spire Healthcare£3,118
Scottish Water£100
Steve Hutchison£3,430
Scottish Police Authority£18,585
Savills£20,602
Scottish Ambulance Services£2,454
Scomac Catering Equip.£100
Scottish Power (Stadium)£9,544
Scottish Power (Ticket Office)£5,467
Scottish Power (Admin Block)£1,254
Scottish Gas Business£347
Scrubbers Laundry£162
SDMS£411
Securevent Security£12,309
SFA£5,011
Shanks Waste Mgmt.£1,211
Scottish Hydro Electric£139
Jordan Shearer£90
Shred-it£457
Sky Business£100
Slaters£100
SNS Group£1,281
Spectator Seating£13,005
Speedy Power£100
Sportsmasters£1,648
Sporting ID£100
Sports Medicine Uraea AB£2,700
SRM Hearts£19,853
Scottish Power£100
St Andrews First Aid£364
Stenhousemuir FC£12,900
Stellar Football Ltd£5,750
Streamline Print Mgmt.£418
Superturas£26,636
Scottish Youth Football Assoc.£1,700
T.G Baker Sound£2,656
ThyssenKnapp Elevator£3,378
City of Edinburgh Council£90,715
City of Edinburgh Council (for flats)£2,631
The Edinburgh Clinic£557
Newspaper Licensing Agency£1,428
Talk Talk£5,548
The Rangers FC£1,410
Ticketmaster£33,112
TNT UK£8
TNT Post£56
Trichem£1,380
Technology Services Group£1,967
Turnstile Systems£810
UAB litcargus£1,166
UK Football Academy£228
Unum£2,300
UAB Ukio£8,151,497
Veecom Systems£3,525
Viola£290
Vodafone Connect£343
Wallace Brown/Langstane£956
Weatherseal£42
Western Saab£500
Dr David Whitaker£500
Scott Wilson£1,000
Yorkshire Clinic£2,562

Surely the one stand out in that list is a debt of £20,602 to Savills which does at least prove what they always said i.e. That they owed it to themselves !!

[SirDavidsNapper]

Here you go

2 Sports Marketing Ltd £5,153
A1 Minibus & Coaches £100
ADT Fire£1,033
Ayr United FC£1,750
Arnold Clark Finance£6,764
Allan Dick£50
Alasdair Fraser£528
Ardue House Hotel£180
AllStar Business Solutions£100
Alexander Szaorari£9,100
AB Ukio Bankas£15,488,290
Baltic Clipper£497
Bank of Scotland (Merchant Services)£100
Bank of Scotland (Equipment Finance)£970
Beswicks Sports Ltd£3,000
BOC Gases£490
British Red Cross£76
BT£3,024
British Gas£580
BIG Hearts Community Trust£589
Bruce Rae Property Management£34,048
Business Line UAB£204,143
Cable & Wireless£2,198
James Calcer£1,411
Cameron Presentations£5,406
Campbell Medical Supplies£100
Janette Campbell£100
Cardiac Services£152
Charlie Irons Coaches£100
Chamic£100
Childcare Vouchers£100
B Ciocco£11,469
Citroen£5,232
Clearwater Technology£5,156
Clouds£6,870
Coerver Coaching Scotland£949
Concept Group£841
Copymade Ltd£100
Corona Energy Retail£29,729
The Insolvency Service£0
DJ Alexander£6,323
David Cameron£110
Miss Amal Daher£120
Dataserve UK£160
DC Lighting Services£652
DJB Fire & Safety Training£48
Outfield Harrison£1,816
Daisy Communications£1,474
Ensco 165 £509,464
Eamonn Collins£5,000
Edinburgh Chamber of Commerce£674
Elite Medicale£222
Ermington Associates£100
Egkijius Valiauga£863
Fife Imaging Associates£903
Fountain Court Apartments£100
Football Safety Officers£230
GF Capital Solutions£337
John Gibson£2,520
Glenham Property£100
Graeme Rankin Sports Mgmt.£12,000
Green Star Media£77
Greentech Sportsturf£1,056
G4S£12,057
GroupCall Ltd.£210
HM Revenue - VAT£0
HM Revenue£1,881,068
Hamilton & Brydie£144
Hectic Life£52
HBJ Gateley Wareing£100
Herriot Watt£145,655
Highlander Kilt Hire£430
Hitachi Capital£7
Holiday Inn Aberdeen£58
Homespring Ltd£499
Sven Housten£40
HoMFC Shareholder Association£5,030
Impact Signs£6,499
InterLax£234
Interface En£100
James Armstrong & Co£1,520
Johnston Carmichael£100
Jane Lofthouse Johnson£410
James Sandison£680
J Thomson Colour Printers£100
Kauno Futbolo£13,431
Key Sports Management£23,049
Korelita£52,610
KPMG Hungary£1,190
Lady Haigs Poppy Fund£185
Lietuvos Rytas£37
Livingston FC£282
Liverpool FC£46,625
Llyods TSB£17,165
Lex Autolease£1,159
Lochgreen Hotel£510
Lyco Direct Ltd.£1,822
Milson Capital Corp£1,223,989
Ian Maclennan£335
McCraes Battalion Trust£100
Dr Carrie McCrea£760
Tony McGill£19,625
Dr Scott McKie£700
McRae of Gorgie£560
Meridan Hospital£790
Dr Andrew Murray£250
Musselburgh Athletic FC£5,790
Michael Page International£100
NHS Lothian£75
NHS Fife £739
North Lanarkshire Council£100
Northgate Vechile Hire£100
Nuffield Health£4,645
OG Lawfirm£5,000
Orange£5,896
PHS Group£1,110
Pulsant Scotland£240
Paton Plant Ltd£3,290
Pendrich Height Services£6,552
Performing Right Society£13,995
Pitch International£4,746
PPL Sport & Leisure£1,325
PPL£4,133
Premier Sports£4,836
ProKit£100
ProAmica£34,899
Professor Ernest Schiders£2,410
Rapide Communication£176
Respublikos Investicija£62
Runos Vertimal£43
RWN Orthopaedics£100
Ryden Lettings£100
Rigby Taylor Ltd.£1,564
Robert Graeme Wilson£150
Spie Matthew£2,436
Spire Healthcare£3,118
Scottish Water£100
Steve Hutchison£3,430
Scottish Police Authority£18,585
Savills£20,602
Scottish Ambulance Services£2,454
Scomac Catering Equip.£100
Scottish Power (Stadium)£9,544
Scottish Power (Ticket Office)£5,467
Scottish Power (Admin Block)£1,254
Scottish Gas Business£347
Scrubbers Laundry£162
SDMS£411
Securevent Security£12,309
SFA£5,011
Shanks Waste Mgmt.£1,211
Scottish Hydro Electric£139
Jordan Shearer£90
Shred-it£457
Sky Business£100
Slaters£100
SNS Group£1,281
Spectator Seating£13,005
Speedy Power£100
Sportsmasters£1,648
Sporting ID£100
Sports Medicine Uraea AB£2,700
SRM Hearts£19,853
Scottish Power£100
St Andrews First Aid£364
Stenhousemuir FC£12,900
Stellar Football Ltd£5,750
Streamline Print Mgmt.£418
Superturas£26,636
Scottish Youth Football Assoc.£1,700
T.G Baker Sound£2,656
ThyssenKnapp Elevator£3,378
City of Edinburgh Council£90,715
City of Edinburgh Council (for flats)£2,631
The Edinburgh Clinic£557
Newspaper Licensing Agency£1,428
Talk Talk£5,548
The Rangers FC£1,410
Ticketmaster£33,112
TNT UK£8
TNT Post£56
Trichem£1,380
Technology Services Group£1,967
Turnstile Systems£810
UAB litcargus£1,166
UK Football Academy£228
Unum£2,300
UAB Ukio£8,151,497
Veecom Systems£3,525
Viola£290
Vodafone Connect£343
Wallace Brown/Langstane£956
Weatherseal£42
Western Saab£500
Dr David Whitaker£500
Scott Wilson£1,000
Yorkshire Clinic£2,562

195 in a row? Sorry wrong thread

[rcarter1]

Shred it £457? How much bigger would the list have been if they didn't use £457 worth of shred it services.

Good spot! :agree:

[Fife-Hibee]

When do the creditors list tshirts come out with an added bit saying we paid the poppy fund debt?

Can you get t-shirts that size ! :)

[EdinMike]

Someone should design a shirt like they did with there DD loonies but with these creditors instead...

[bawheid]

STF definitely paid the poppy debt. The Jambos would have made sure Rudi was kept in Kleenex before going anywhere near paying Lady Haig back.

[Jack Hackett]

Doesn't matter how much they attempt to deny and deflect. The truth is there for all to see.

They'd like to forget. We shouldn't let them


EVER!

:yw:

[Craigmount Hibs]

Poppy thieves.

[pacorosssco]

Debt must be removed modern game. Make football responsible and as fair as possible. Real madrid run a huge debt. Control needed.

[greenlex]

Scrubbers Laundry is my favourite

[southern hibby]

Childcare vouchers £100, i could laugh but it's not even funny it's beyond humour.

GGTTH

[Monktonhall 7]

I'm sure it's been posted before, but why, with all these creditors were they not liquidated?

[Jack Hackett]

I'm sure it's been posted before, but why, with all these creditors were they not liquidated?

Because the administrators were more concerned with saving hertz than they were with getting a good deal for the creditors...which is only fair because hertz are 'the famous'....Apparently

[Waxy]

I'm sure it's been posted before, but why, with all these creditors were they not liquidated?
Remember Our first Minister at the time taking a trip to Lithuania just When it seemed they were about to be liquidated.

[marinello59]

Remember Our first Minister at the time taking a trip to Lithuania just When it seemed they were about to be liquidated.

Did he? I thought he just made a phone call.

[Monktonhall 7]

Because the administrators were more concerned with saving hertz than they were with getting a good deal for the creditors...which is only fair because hertz are 'the famous'....Apparently

Maybe CWG will be able to answer this, (you've probably done it a dozen times already, sorry), but isn't the objective of the appointed Administrators to get as good a deal as possible for creditors?

[CropleyWasGod]

Maybe CWG will be able to answer this, (you've probably done it a dozen times already, sorry), but isn't the objective of the appointed Administrators to get as good a deal as possible for creditors?
The administrator's primary function is to attempt to maintain the business as a going concern.

It's only if that fails that s/he has to get the highest return for creditors.

Sent from my SM-A510F using Tapatalk

[Monktonhall 7]

The administrator's primary function is to attempt to maintain the business as a going concern.

It's only if that fails that s/he has to get the highest return for creditors.

Sent from my SM-A510F using Tapatalk

Cheers for that. I guess they did what they were meant to do then. Who looks after the interests of the creditors?

[CropleyWasGod]

Did he? I thought he just made a phone call.
Yep, after which he was straight on the phone to his bookie.

😉

Sent from my SM-A510F using Tapatalk

[CropleyWasGod]

Cheers for that. I guess they did what they were meant to do then. Who looks after the interests of the creditors?
They can attend meetings and make their case themselves. Most don't, but many (such as HMRC and the banks) take that function very seriously. The larger ones may use legal advice.

Sent from my SM-A510F using Tapatalk

[NORTHERNHIBBY]

Scrubbers Laundry is my favourite

WAGS dry cleaning bill

[O'Rourke3]

Remember Our first Minister at the time taking a trip to Lithuania just When it seemed they were about to be liquidated.
Alex Salmond made a call. Fatty Foulkes was the politician who had someone else pay for the trip to Lithuania Possibly us - as he was an MSP and/or a Lord. I know he wouldnt...

Sent from my SM-G901F using Tapatalk

[FilipinoHibs]

Here you go

2 Sports Marketing Ltd £5,153
A1 Minibus & Coaches £100
ADT Fire£1,033
Ayr United FC£1,750
Arnold Clark Finance£6,764
Allan Dick£50
Alasdair Fraser£528
Ardue House Hotel£180
AllStar Business Solutions£100
Alexander Szaorari£9,100
AB Ukio Bankas£15,488,290
Baltic Clipper£497
Bank of Scotland (Merchant Services)£100
Bank of Scotland (Equipment Finance)£970
Beswicks Sports Ltd£3,000
BOC Gases£490
British Red Cross£76
BT£3,024
British Gas£580
BIG Hearts Community Trust£589
Bruce Rae Property Management£34,048
Business Line UAB£204,143
Cable & Wireless£2,198
James Calcer£1,411
Cameron Presentations£5,406
Campbell Medical Supplies£100
Janette Campbell£100
Cardiac Services£152
Charlie Irons Coaches£100
Chamic£100
Childcare Vouchers£100
B Ciocco£11,469
Citroen£5,232
Clearwater Technology£5,156
Clouds£6,870
Coerver Coaching Scotland£949
Concept Group£841
Copymade Ltd£100
Corona Energy Retail£29,729
The Insolvency Service£0
DJ Alexander£6,323
David Cameron£110
Miss Amal Daher£120
Dataserve UK£160
DC Lighting Services£652
DJB Fire & Safety Training£48
Outfield Harrison£1,816
Daisy Communications£1,474
Ensco 165 £509,464
Eamonn Collins£5,000
Edinburgh Chamber of Commerce£674
Elite Medicale£222
Ermington Associates£100
Egkijius Valiauga£863
Fife Imaging Associates£903
Fountain Court Apartments£100
Football Safety Officers£230
GF Capital Solutions£337
John Gibson£2,520
Glenham Property£100
Graeme Rankin Sports Mgmt.£12,000
Green Star Media£77
Greentech Sportsturf£1,056
G4S£12,057
GroupCall Ltd.£210
HM Revenue - VAT£0
HM Revenue£1,881,068
Hamilton & Brydie£144
Hectic Life£52
HBJ Gateley Wareing£100
Herriot Watt£145,655
Highlander Kilt Hire£430
Hitachi Capital£7
Holiday Inn Aberdeen£58
Homespring Ltd£499
Sven Housten£40
HoMFC Shareholder Association£5,030
Impact Signs£6,499
InterLax£234
Interface En£100
James Armstrong & Co£1,520
Johnston Carmichael£100
Jane Lofthouse Johnson£410
James Sandison£680
J Thomson Colour Printers£100
Kauno Futbolo£13,431
Key Sports Management£23,049
Korelita£52,610
KPMG Hungary£1,190
Lady Haigs Poppy Fund£185
Lietuvos Rytas£37
Livingston FC£282
Liverpool FC£46,625
Llyods TSB£17,165
Lex Autolease£1,159
Lochgreen Hotel£510
Lyco Direct Ltd.£1,822
Milson Capital Corp£1,223,989
Ian Maclennan£335
McCraes Battalion Trust£100
Dr Carrie McCrea£760
Tony McGill£19,625
Dr Scott McKie£700
McRae of Gorgie£560
Meridan Hospital£790
Dr Andrew Murray£250
Musselburgh Athletic FC£5,790
Michael Page International£100
NHS Lothian£75
NHS Fife £739
North Lanarkshire Council£100
Northgate Vechile Hire£100
Nuffield Health£4,645
OG Lawfirm£5,000
Orange£5,896
PHS Group£1,110
Pulsant Scotland£240
Paton Plant Ltd£3,290
Pendrich Height Services£6,552
Performing Right Society£13,995
Pitch International£4,746
PPL Sport & Leisure£1,325
PPL£4,133
Premier Sports£4,836
ProKit£100
ProAmica£34,899
Professor Ernest Schiders£2,410
Rapide Communication£176
Respublikos Investicija£62
Runos Vertimal£43
RWN Orthopaedics£100
Ryden Lettings£100
Rigby Taylor Ltd.£1,564
Robert Graeme Wilson£150
Spie Matthew£2,436
Spire Healthcare£3,118
Scottish Water£100
Steve Hutchison£3,430
Scottish Police Authority£18,585
Savills£20,602
Scottish Ambulance Services£2,454
Scomac Catering Equip.£100
Scottish Power (Stadium)£9,544
Scottish Power (Ticket Office)£5,467
Scottish Power (Admin Block)£1,254
Scottish Gas Business£347
Scrubbers Laundry£162
SDMS£411
Securevent Security£12,309
SFA£5,011
Shanks Waste Mgmt.£1,211
Scottish Hydro Electric£139
Jordan Shearer£90
Shred-it£457
Sky Business£100
Slaters£100
SNS Group£1,281
Spectator Seating£13,005
Speedy Power£100
Sportsmasters£1,648
Sporting ID£100
Sports Medicine Uraea AB£2,700
SRM Hearts£19,853
Scottish Power£100
St Andrews First Aid£364
Stenhousemuir FC£12,900
Stellar Football Ltd£5,750
Streamline Print Mgmt.£418
Superturas£26,636
Scottish Youth Football Assoc.£1,700
T.G Baker Sound£2,656
ThyssenKnapp Elevator£3,378
City of Edinburgh Council£90,715
City of Edinburgh Council (for flats)£2,631
The Edinburgh Clinic£557
Newspaper Licensing Agency£1,428
Talk Talk£5,548
The Rangers FC£1,410
Ticketmaster£33,112
TNT UK£8
TNT Post£56
Trichem£1,380
Technology Services Group£1,967
Turnstile Systems£810
UAB litcargus£1,166
UK Football Academy£228
Unum£2,300
UAB Ukio£8,151,497
Veecom Systems£3,525
Viola£290
Vodafone Connect£343
Wallace Brown/Langstane£956
Weatherseal£42
Western Saab£500
Dr David Whitaker£500
Scott Wilson£1,000
Yorkshire Clinic£2,562

And of course the £70m they bumped the Lithuanians for if you count all the debt for equity and debt forgiveness schemes Romanov came up with. The money came from the investment company who borrowed from Ukio Bankas bank who were bailed out by the Lithuanian state or in other words the Lithuanian people.

[The Falcon]

Because the administrators were more concerned with saving hertz than they were with getting a good deal for the creditors...which is only fair because hertz are 'the famous'....Apparently

And the administrators allowing the parent company to vote in the CVA was instrumantal in avoiding the same fate as the BigHun.

Edinburgh's Disgrace

[Pedantic_Hibee]

They should never ever be allowed to forget.

If the shoe was on the other foot...

[Biggie]

They should never ever be allowed to forget.

If the shoe was on the other foot...

if the shoe was on the other foot mate, we'd have been shut down

[Craig_in_Prague]

And of course the £70m they bumped the Lithuanians for if you count all the debt for equity and debt forgiveness schemes Romanov came up with. The money came from the investment company who borrowed from Ukio Bankas bank who were bailed out by the Lithuanian state or in other words the Lithuanian people.

Yep, and they got away with what, a circa 2M settlement to the creditor/bank, a total joke really - irks me to this day.
Other than small footballing debts, the rest were just rogered in the process.

Still, only hearts would happily almost die, just to see them kill off Hibs via that cup final....

[HIBERNIAN-0762]

if the shoe was on the other foot mate, we'd have been shut down

This..

To my mind they used political and no doubt masonic influence to get away with it.

**** of the earth.

[Deansy]

And of course the £70m they bumped the Lithuanians for if you count all the debt for equity and debt forgiveness schemes Romanov came up with. The money came from the investment company who borrowed from Ukio Bankas bank who were bailed out by the Lithuanian state or in other words the Lithuanian people.

If you go back to when Wallet Merger took them over (he was THE one who started off their 'Finance Football' business-plan) the amount of 'Other people's money' they 'used' (stole/cheated/swindled etc) over the 30+ years, is more like £115-120m ! Over a hundred million pounds to win what - 3 cups in 30+ years - bargain, eh !?.

[where'stheslope]

Much as I love to read these threads, people in glass houses should not throw stones!

If I remember correctly STF baled us out at the bank for £8 million not so very long ago with a deal to make us debt free with the Bank of Scotland.

Similar deals were done with Kilmarnock and others.

At least now most teams are having to live within their own means as banks will not fund football again.

This should make it more viable to sustain a good challenge to all but Celtic in the top league!!!

[Bostonhibby]

Much as I love to read these threads, people in glass houses should not throw stones!

If I remember correctly STF baled us out at the bank for £8 million not so very long ago with a deal to make us debt free with the Bank of Scotland.

Similar deals were done with Kilmarnock and others.

At least now most teams are having to live within their own means as banks will not fund football again.

This should make it more viable to sustain a good challenge to all but Celtic in the top league!!!

No creditors were harmed in the making of the deal that Hibs / STF did on a commercial basis with the banks.

We didn't have to do it, were paying all our bills and weren't faced with administration or bankruptcy. Ain't glass houses:aok:

[Mr White]

No creditors were harmed in the making of the deal that Hibs / STF did on a commercial basis with the banks.

We didn't have to do it, were paying all our bills and weren't faced with administration or bankruptcy. Ain't glass houses:aok:

Indeed. To paraphrase Jules from Pulp Fiction- it ain't the same ball park, it ain't even the same sport.

[HibbiesandtheBaddies]

Absolute skanks.

You know, (*deliberate Budge affectation), when a murderer displays remorse you might feel a bit of human compassion toward him.

However, these oxygen thieves (club and fans) have never shown a morsel of contrition to the pensioner, the shop-keeper, the charity.

Never let them forget.

[HibbiesandtheBaddies]

Much as I love to read these threads, people in glass houses should not throw stones!

If I remember correctly STF baled us out at the bank for £8 million not so very long ago with a deal to make us debt free with the Bank of Scotland.

Similar deals were done with Kilmarnock and others.

At least now most teams are having to live within their own means as banks will not fund football again.

This should make it more viable to sustain a good challenge to all but Celtic in the top league!!!



can't compare apples with oranges.

[jacomo]

can't compare apples with oranges.


:agree:

Absolutely no comparison.

Where are the creditors banging down our door? Who was due money from Hibs but didn't get it? When did we spend cash we didn't have and deliberately avoid our bills?

HMFC is tarnished and will be for a long time. They were on their knees before Vlad because of reckless overspending.

[Kato]

Much as I love to read these threads, people in glass houses should not throw stones!

If I remember correctly STF baled us out at the bank for £8 million not so very long ago with a deal to make us debt free with the Bank of Scotland.

Similar deals were done with Kilmarnock and others.

At least now most teams are having to live within their own means as banks will not fund football again.

This should make it more viable to sustain a good challenge to all but Celtic in the top league!!!

Interesting angle.

Could you expand on the glass house, thing, as in how our situation compares with them? ...and how STF "baled" (sic) us out.

[FilipinoHibs]

The Lithuanian state were the effective creditor. If Hearts were wound up only real asset was the ground. The ground would be pretty worthless without building permission. Edinburgh establishment had closed ranks to make that building permission difficult to obtain. The Lithuanians would rather take 4 million than gamble on getting the ground and not being able to sell it because of a lack of building permission.

[The Falcon]

Much as I love to read these threads, people in glass houses should not throw stones!

If I remember correctly STF baled us out at the bank for £8 million not so very long ago with a deal to make us debt free with the Bank of Scotland.

Similar deals were done with Kilmarnock and others.

At least now most teams are having to live within their own means as banks will not fund football again.

This should make it more viable to sustain a good challenge to all but Celtic in the top league!!!

No bailing out involved.

I suspect these "deals" are along the lines of paying of a loan (mortgage, car loan etc) early in that the money that the bank would recieve if they allowed the loan to run it's course is the total amount with the "deal" being made for the amount of interest the bank will lose for the loan being paid of early.

As it's a Yam thread and someone mentioned a second creditors list, I recall that the debt to heriot watt had increased from £145k in the first list to around £5m in the second one, which would have been the total income if the Yam deal had completed the agreed contract, not the actual amount the Yam was hiding from them for.

The Lady Haig Poppy Fund debt, however, was an actual debt that the Scaff's just refused to pay because it was more important to pay Rudi's wages and win things than to assist soldiers who had been injured in the service of their country. For his part Rudi appears none to bothered either. They deserve each other.

[Craig_in_Prague]

The Lithuanian state were the effective creditor. If Hearts were wound up only real asset was the ground. The ground would be pretty worthless without building permission. Edinburgh establishment had closed ranks to make that building permission difficult to obtain. The Lithuanians would rather take 4 million than gamble on getting the ground and not being able to sell it because of a lack of building permission.

you sure it was 4M ? could be right, I always thought it was more like 1.5 - 2M.

Shame they never had the balls to fight the process and take the risk of the asset (ground) instead.

[Deansy]

:agree:

Absolutely no comparison.

Where are the creditors banging down our door? Who was due money from Hibs but didn't get it? When did we spend cash we didn't have and deliberately avoid our bills?

HMFC is tarnished and will be for a long time. They were on their knees before Vlad because of reckless overspending.

And when did we use that cash to field players that were way, way above our historic level ?. I also don't recall us calling ourselves a 'Big team' or us suddenly becoming 'Famous' ??

[jacomo]

And when did we use that cash to field players that were way, way above our historic level ?. I also don't recall us calling ourselves a 'Big team' or us suddenly becoming 'Famous' ??


I've no problem with any club having ambition. I don't think we should all just know our place and never aim higher.

But - here's the crucial bit - don't make anyone else pay for it. Hibs got into massive debt around 2002/2003, up to c.£18m, just like Hearts. But we cut our cloth and suffered, while they carried on as if the world owed them something.

They can stick their 5-1. Our cup wins aren't tainted by cheating.

[sleeping giant]

They also signed Beattie on the Friday , he scored in the semi and they couldn't pay the players wages the following week.

Brutal club.
They know it too.

[since90plustwo]

Interesting they owed key sports management £23,000. This is the football agency John Colquhoun founded and had a number of players on his books from hearts.

[DarlingtonHibee]

Interesting they owed key sports management £23,000. This is the football agency John Colquhoun founded and had a number of players on his books from hearts.

He's getting his money back now.!

[Craig_in_Prague]

They also signed Beattie on the Friday , he scored in the semi and they couldn't pay the players wages the following week.

Brutal club.
They know it too.

Would have to disagree.

Spoke to many Yams over the last few years; they don't get it, at all (even the more intelligent ones - and yes, they exist).

[Danderhall Hibs]

Would have to disagree.

Spoke to many Yams over the last few years; they don't get it, at all (even the more intelligent ones - and yes, they exist).

I work beside a very intelligent hearts fan - he claims Budge repaid all the debt.

[Jack Hackett]

They also signed Beattie on the Friday , he scored in the semi and they couldn't pay the players wages the following week.

Brutal club.
They know it too.

I'm of the opinion that they paid Beattie his whole contract up-front in readies. Anyone with half a brain would have insisted on that, considering how widely known their financial problems were at that time.

[Craig_in_Prague]

I work beside a very intelligent hearts fan - he claims Budge repaid all the debt.

"all the debt" lol
ask him to elaborate!

they had to pay their footballing debts as part of the process, but that was rather small compared to the overall debt they had.

HMRC - 1.9M - shafted
Heriot Watt - probably shafted for 150k
Council, 91k
their OWN charities, shafted

and well, 1.5/2m settlement of huge debts to Lithuania - they should be humbled and ashamed, forever.

yet they still pipe up every time hibs loan a player! as if that's cheating! paying a club for a player as per agreed terms!!

[EastCalderHibby]

And when did we use that cash to field players that were way, way above our historic level ?. I also don't recall us calling ourselves a 'Big team' or us suddenly becoming 'Famous' ??

but they are famous........................ just not anything yuo would want to shout about.............**** OF THE EARTH

[GreenLake]

you sure it was 4M ? could be right, I always thought it was more like 1.5 - 2M.

Shame they never had the balls to fight the process and take the risk of the asset (ground) instead.

I thought that too, where did this 4m figure come from?

[Mellow Hibee]

After it was pointed out to Hearts fans that as far as the creditors were concerned, there was no difference between Hearts and Rangers (i.e. they got screwed) a thread was started on Kickback in which it was agreed that as soon as the dust settled, the fans would all get together and pay off the smaller creditors. This, they explained, was what set them apart from rangers fans. There were pats on the back all round, the word integrity was was overused and the thread quietly died away.

Since they are now handing over cash for the new stand, players wages, etc. I can only assume that they have already paid off the creditors. Probably don't like to boast about it.

[Kato]

After it was pointed out to Hearts fans that as far as the creditors were concerned, there was no difference between Hearts and Rangers (i.e. they got screwed) a thread was started on Kickback in which it was agreed that as soon as the dust settled, the fans would all get together and pay off the smaller creditors. This, they explained, was what set them apart from rangers fans. There were pats on the back all round, the word integrity was was overused and the thread quietly died away.

Since they are now handing over cash for the new stand, players wages, etc. I can only assume that they have already paid off the creditors. Probably don't like to boast about it.

Can the thread be bumped?

[where'stheslope]

And of course the £70m they bumped the Lithuanians for if you count all the debt for equity and debt forgiveness schemes Romanov came up with. The money came from the investment company who borrowed from Ukio Bankas bank who were bailed out by the Lithuanian state or in other words the Lithuanian people.

This reply was the reason for my:

People in Glass Houses Quote.

If it is terrible to rip off Lithuanian people, surely it is worse to be ripping off Scottish people.

The Bank of Scotland is a Scottish Bank therefore the Scottish people?????

If I'm wrong I apologise unreservedly!

[Mr White]

This reply was the reason for my:

People in Glass Houses Quote.

If it is terrible to rip off Lithuanian people, surely it is worse to be ripping off Scottish people.

The Bank of Scotland is a Scottish Bank therefore the Scottish people?????

If I'm wrong I apologise unreservedly!

Ok then I'll bite. How much did HBoS lose from hibs and in what way were any people ripped off, regardless of their nationality?

My answer would be nothing as they agreed to a modest discount on a long term mortgage in return for early re-payment.

In hearts situation, their debt to Lithuanian institutions was left unpaid save for £2.5m in the CVA (so after default on the outstanding amount) out of more than £60m if my understanding is correct (£28m debt at time of administration plus the debt forgiveness and equity swaps)

To attempt to compare the 2 situations is frankly laughable.

[Bostonhibby]

Ok then I'll bite. How much did HBoS lose from hibs and in what way were any people ripped off, regardless of their nationality?

My answer would be nothing as they agreed to a modest discount on a long term mortgage in return for early re-payment.

In hearts situation, their debt to Lithuanian institutions was left unpaid save for £2.5m in the CVA (so after default on the outstanding amount) out of more than £60m if my understanding is correct (£28m debt at time of administration plus the debt forgiveness and equity swaps)

To attempt to compare the 2 situations is frankly laughable.
Oh the irony, mercer's takeover attempts were substantially backed by bank of Scotland money.

Was never going to be his own and hearts only had debts themselves in those days.

[CentreLine]

This reply was the reason for my:

People in Glass Houses Quote.

If it is terrible to rip off Lithuanian people, surely it is worse to be ripping off Scottish people.

The Bank of Scotland is a Scottish Bank therefore the Scottish people?????

If I'm wrong I apologise unreservedly!

I think you need to be specific about what it is you think Hibs did wrong. I think you are speculating and stirring an empty pot. There is so much wrong with your argument it is impossible to know where to start. But you go on believing that Hibs did something underhanded, you're entitled.

[Kato]

This reply was the reason for my:

People in Glass Houses Quote.

If it is terrible to rip off Lithuanian people, surely it is worse to be ripping off Scottish people.

The Bank of Scotland is a Scottish Bank therefore the Scottish people?????

If I'm wrong I apologise unreservedly!

Surely it's just poor to rip people off? Their were plenty Scottish people ripped off, knowingly, by Hearts and Bosnian people and Lithuanian people and more nationalities to boot.

Hibs had debt mostly in the form of mortgages. Do you have a mortgage? If so and you want to strike a deal with your lender go along and ask them what lump sum they'd be willing to accept. They will strike a deal with you and you'd end up paying less than you would have if you'd allowed the mortgage to run it's full term. The Bank of Scotland is owned by the Lloyds Group btw and is as Scottish as Scotch Tape.

Your attitude smells btw, like this http://ask.metafilter.com/83906/Brewing-up-a-stink

[CropleyWasGod]

This reply was the reason for my:

People in Glass Houses Quote.

If it is terrible to rip off Lithuanian people, surely it is worse to be ripping off Scottish people.

The Bank of Scotland is a Scottish Bank therefore the Scottish people?????

If I'm wrong I apologise unreservedly!
The Bank of Scotland is hardly owned by the Scottish people.

The bank made a conscious commercial decision to come to an arrangement with Hibs and STF. That's no rip off in my book.

Sent from my SM-A510F using Tapatalk

[jacomo]

This reply was the reason for my:

People in Glass Houses Quote.

If it is terrible to rip off Lithuanian people, surely it is worse to be ripping off Scottish people.

The Bank of Scotland is a Scottish Bank therefore the Scottish people?????

If I'm wrong I apologise unreservedly!


You are talking absolute pony, I'm afraid.

[where'stheslope]

Ok then I'll bite. How much did HBoS lose from hibs and in what way were any people ripped off, regardless of their nationality?

My answer would be nothing as they agreed to a modest discount on a long term mortgage in return for early re-payment.

In hearts situation, their debt to Lithuanian institutions was left unpaid save for £2.5m in the CVA (so after default on the outstanding amount) out of more than £60m if my understanding is correct (£28m debt at time of administration plus the debt forgiveness and equity swaps)

To attempt to compare the 2 situations is frankly laughable.

Did the Lithuanians not agree to the CVA?

Plus my only gripe with the statement was the fact it was bad for Lithuanians to lose money, but OK for Scots!

I was not in any way comparing one against the other it was based on Nationality!

[Mr White]

Did the Lithuanians not agree to the CVA?

Plus my only gripe with the statement was the fact it was bad for Lithuanians to lose money, but OK for Scots!

I was not in any way comparing one against the other it was based on Nationality!

They agreed to a CVA yes: so pennies in the pound after default. Nobody suggested their nationality made it better or worse, just that the bulk of the bumped debt was theirs to live with.

You're at it if you're now trying to claim you weren't comparing the situations. Glass houses?

Mind you having read through some of your other posts both tonight and in recent times, you're quite clearly at it.

[CropleyWasGod]

Did the Lithuanians not agree to the CVA?

Plus my only gripe with the statement was the fact it was bad for Lithuanians to lose money, but OK for Scots!

I was not in any way comparing one against the other it was based on Nationality!
Again.

The Bank of Scotland is not "the Scottish people".

Sent from my SM-A510F using Tapatalk

[Kato]

Did the Lithuanians not agree to the CVA?

Plus my only gripe with the statement was the fact it was bad for Lithuanians to lose money, but OK for Scots!

I was not in any way comparing one against the other it was based on Nationality!


Did Scots not lose out via Hearts tax scam when they were "loaning" players via Kaunas?

Anyway which Scots lost out from the deal Hibs did with the Bank of Scotland?

[where'stheslope]

They agreed to a CVA yes: so pennies in the pound after default. Nobody suggested their nationality made it better or worse, just that the bulk of the bumped debt was theirs to live with.

You're at it if you're now trying to claim you weren't comparing the situations. Glass houses?

Mind you having read through some of your other posts both tonight and in recent times, you're quite clearly at it.

Not quite sure what your trying to say?

I was only expressing an opinion!

[CropleyWasGod]

Not quite sure what your trying to say?

I was only expressing an opinion!
Opinions should be based on facts and evidence.

The facts of the 2 situations are very different.

Sent from my SM-A510F using Tapatalk

[Mr White]

Not quite sure what your trying to say?

I was only expressing an opinion!

I'm saying you're trolling this site for a reaction. I'm not saying you're not a hibs fan, but your original point coupled with the subsequent back-tracking tells it's own story.

[Kato]

Not quite sure what your trying to say?


Seems like you're not sure what you are trying to say.

[The Falcon]

This reply was the reason for my:

People in Glass Houses Quote.

If it is terrible to rip off Lithuanian people, surely it is worse to be ripping off Scottish people.

The Bank of Scotland is a Scottish Bank therefore the Scottish people?????

If I'm wrong I apologise unreservedly!

You're wrong. Nobody was ripped off. All money that Hibs/STF owed the BoS was paid back. The bit where the "deal" was done was on the interest payments that BoS could have expected to recieve as income had the contracts run their full term. By paying the loans of early BoS were potentially losing out on the interest they would have made, but balaced by the fact they have their money back.

Like others, I don't know where you are going with this?

[CropleyWasGod]

You're wrong. Nobody was ripped off. All money that Hibs/STF owed the BoS was paid back. The bit where the "deal" was done was on the interest payments that BoS could have expected to recieve as income had the contracts run their full term. By paying the loans of early BoS were potentially losing out on the interest they would have made, but balaced by the fact they have their money back.

Like others, I don't know where you are going with this?
Only those who work for STF or HBOS know the extent of the write-off.
There was a whole thread on it when it happened. My best guess was that it was around 2m.

That's not the point, of course. What HBOS did was with their consent. What HMFC did to their creditors, Scottish and otherwise, was not.

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[Ozyhibby]

The way I see it is HBOS have been in a bit of trouble recently and needed cash quickly and Hibs being the community club we are offered them a deal for early repayment which they jumped at. Very public spirited of us.


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