Hmmm. Endgame approaches perhaps? I wont be surprised if the Yams get their big debt cleared. But with Tynie they have a dead weight, and if they move it wont be ideal for them.
Printable View
Hmmm. Endgame approaches perhaps? I wont be surprised if the Yams get their big debt cleared. But with Tynie they have a dead weight, and if they move it wont be ideal for them.
Coincidence this story gets leaked on day Vlad is due to attend his first game in months?
Very poor reporting, not so much that research hasn't been done, a short term memory would be enough to confirm that Vlad is not in hte game any more! maybe the BBC even reported how it came about! The other organisations don't ahve a pot to piss in unless they have a friendly bank or other lender!Quote:
Originally Posted by s.a.m
There's been a million potential end games and I have been wrong before but I am starting to think that in the absence of someone wealthy wanting to spend a fortune on them as a plaything the end game will arrive very quickly after the Cup final cash is in the relevant bank account, I do not see it reaching any creditors or paying any real debts to the mugs that haven't sued for their money.Quote:
Originally Posted by rcarter1
This is the last big chunk of cash for a while and it will be hoovered up to make a small dent in the toxic debt pile by the people who are managing it now in Lithuania.
There are very few weeks coming up now where income exceeds expenditure/liabilities and their remit can't be to subsidise a loss making entity or prop up an owners ego by writing off any more debt or providing any new money. Evidence of this was the recent managerial appointment - nothing more than cutting out the cost of McGlynn from the projected liabilities and covering it with a cheaper version that was already on the books and dealt with the problem short term - as short as till after the Cup final is the question?
Are you surprised - it is tweeted by a Hearts supporting 'journalist' after all. Big Brian needs to lay off the haribo, he's clearly sugar rushing - Hearts are going to the wall and he's not got the guts to really investigate it.Quote:
Originally Posted by Bostonhibby
:greengrin Maybe Big Brian is actually Wee Shaun Lawsons stage name!Quote:
Originally Posted by truehibernian
Hardly anything imminent then.............:confused:Quote:
Originally Posted by s.a.m
This strikes me as just a well timed "leak" to placate the potential angry masses before they get humped by St Mirren in the wee cup. Vlad isn't in a position to make these decisions now. Even if the new board at UBIG do decide to forgive the debt and give hearts away to the fans on Vlad's orders (why would they?) then that doesn't do anything about the Bus Shelter.
Vlad's just buying himself some time here. That is, of course, if he's even involved in any of this at all. It looks and sounds to me like it's just been plucked out of thin air.
This is the leak for the masses not to turn on the team after the **** get walloped to-day. I did mention in previous posts this week that F.O.H allegedly had a meeting planned with the Scandinavian lot but the scandies pulled the plug. I also mentioned that the **** hordes believe they will escape debt free as clad will clear this IF they win to-day. I think after next week when they lose to-day and their league game the plug will be pulled and admin beckons.
Am I right in thinking that even if Vlad sells his shares in the club the debt will remain? I thought the debt is now with another party as his bank has went bust?
Quote:
Originally Posted by s.a.m
Aye mind and cover yersel Brian just in case you have been fed a lot of garbage.:lips sealQuote:
Originally Posted by The Falcon
The debt is with UBIG, Vlad is no longer on the board there so isn't in a position to make direct decisions on what happens with it.Quote:
Originally Posted by TheReg!
Tynecastle was "owned" by Ukio Bankas and will be dealt with by the administrator.
Quote:
Originally Posted by Bajillions
"representatives of Vladimir Romanov" Are in advanced talks!..
Could this be the administrator? It won't be anything to do with him though, surely :confused:
Vlad doesn't own the shares. UBIG do.Quote:
Originally Posted by TheReg!
So given that he no longer runs ubig, he can't actually be selling hearts.Quote:
Originally Posted by CropleyWasGod
It's a shame he wasted his hard earned cash flying in to watch the club he previously owned get turned over. He can't pick the team any more. What else does he expect? :greengrin
He could, conceivably, be authorised by the UBIG Board to negotiate with a potential buyer. After all, he has a better knowledge of the issues than the new Board.Quote:
Originally Posted by jonty
However, given the suspicions about his dealings, I would be surprised if that's the case.
Does UBIG have a new Board yet ?Quote:
Originally Posted by CropleyWasGod
If he was to off-load them (and their debt obligations, and their stadium), would the Lithuanian authorities (or whoever is charged with pursuing funds for UKIO depositers) not take a dim view of the fact he's given away a potential source of revenue? I know UBIG aren't done yet, but presumably the Liths have their eye on their comings and goings?Quote:
Originally Posted by CropleyWasGod
I presume so. If Lith law is the same as UK law in that respect, they need to have at least 1 director at any one time.Quote:
Originally Posted by Seveno
If he is acting on behalf of the UBIG Board, he may also have been authorised to do so by the UKIO administrator.Quote:
Originally Posted by s.a.m
All for a "registration fee" of course.
What's that?Quote:
Originally Posted by CropleyWasGod
I have no doubt whatsoever this is all just more wind and piss from whatever 'source' was instructed to give the media a positive story before the final. Terms used like 'due diligence' and 'before the start of next season' just make me crease up :faf:
Are the 'share' certificates still 'in the post' btw?
Otherwise known as a 'Backhander' or 'Kickback'....at least where vlad is concernedQuote:
Originally Posted by s.a.m
Sorry, I was being facetious. There has often been talk of HMFC paying Vlad registration fees for some of the Lith and other foreign-based players.Quote:
Originally Posted by s.a.m
However, if he is fulfilling the role that we are talking about (and, as I say, I would be very surprised if he is), he would be entitled to be paid for it.
:greengrinQuote:
Originally Posted by CropleyWasGod
The 'share' word seems to have disappeared from the Yam vocabulary. The money fans paid out was apparently to keep the club going with nothing expected in return. More fiction than the local library.
So that's a 'Dinnae ken' then ?Quote:
Originally Posted by CropleyWasGod
Clearly aimed/timed to increase season ticket renewals. Keep the yams thinking there's light at the end of the tunnel with this crock!
Here is the original news bulletin fom 4/3 ........ Doesn't look like they were in too much of a rush to get things in motion . . .Quote:
Originally Posted by CropleyWasGod
"The entire board of directors of Ukio Banko Investicine Grupe, a Lithuanian company that owns Scotland’s Heart of Midlothian soccer club, resigned last week, Baltic News Service reported.
Vladimir Romanov, who was majority owner of lender Ukio Bankas (UKB1L) AB, which Lithuania’s central bank declared insolvent last month, resigned as chairman of the board of UBIG on Feb. 27, the newswire said, citing the company registry in Vilnius.
Hearts’ Director Sergejus Fedotovas also resigned from the board of UBIG, as did Rita Matuziene, BNS reported.
A new board will be elected at the next meeting of shareholders of UBIG, the date for which hasn’t been fixed, according to Matuziene, who said she remains in her post as chief executive officer at UBIG, according to BNS.
To contact the reporter on this story: Bryan Bradley in Vilnius at [email protected]
To contact the editor responsible for this story: Balazs Penz at [email protected]"
Of course big companies like UBIG maybe don't need a board of directors to keep such a huge profit making business going :greengrin
I am guessing that either (a) Lith and UK law are different or that (b) the resignations aren't ratified until the shareholders' meeting. The latter is common in UK law... directors can be "co-opted" in between shareholders' meetings but they aren't actually "elected" until then.Quote:
Originally Posted by Wee Scottie Dug
What makes you think that UBIG are doing anything according to Lithuanian, UK or Trumpton law ?Quote:
Originally Posted by CropleyWasGod
A classic case of repentance when death is nigh, perhaps ?
:greengrinQuote:
Originally Posted by Seveno
More a case of "let's head for the hills, boys, and don't forget to take the safe..."
IMHO UBIG is just a front for all the shady dealings that the mad one does, it seems to have shareholders but no sign of a share price listed anywhere ! It's web page is so amateur it makes me laugh, and it appears to have started life as the mad ones private investment group. I had hoped to see this in administration by now but it appears that no external pressures are being applied to this rudderless company! Tick tock tick tock ...... :cbQuote:
Originally Posted by Seveno
So Vlad is in talks to sell his share holding back to the supporters, so this should work as follows:
Vlad : I want x million
Clowns : we will give you Y million
Vlad: Deal, PS you have three weeks to pay 28 million back, oh aye and HMRC might be in touch. Cheers
Off topic - but did Vlad attend today's Cup Final?
They were rumoured to be belting out the old Vladimir Romanov ditty.
He was there :agree:Quote:
Originally Posted by Sergey
Would be interesting to see any pics of him there. See what kind of mental/physical state he's in.Quote:
Originally Posted by hibee_girl
Just concerned for his welfare after all he's doing for us.
What is the league cup prize money they failed to win today?
He was only there because City Cabs told him there'd be 25,000 glum chumps looking for a ride back to Queen St.Quote:
Originally Posted by green glory
Looking a bit portly!!Quote:
Originally Posted by green glory
He was only there because City Cabs told him there'd be 25,000 glum chumps looking for a ride to Queen St at ten to five.Quote:
Originally Posted by green glory
Yeah, BBC zoomed in on him sitting in the Stand.Quote:
Originally Posted by Sergey
The commentator spoke about how "colourful" a character he is and how hearts have won 2 Scottish cups since his arrival. However, no mention of losses roughly equal to their turnover in the same period!Quote:
Originally Posted by macca70
Now if we finish in the top six they are Donald ducked. Beat Inverness at home and we should be there
Quote:
Originally Posted by Willis1875
Looks like he's been nicking all the cakes as well as the cash
Probably a body double, they used to do it all the time in Stalin's day. The real Vlad was over to sort out Fatty Foulkes for getting him into this mess in the first place. By the time the game finished they were already half way over the North sea in his Bathysphere.Quote:
Originally Posted by Willis1875
Now there's a rogues gallery. One dodgy bad start dipping another one's pockets...nae broon envelopes droppin' through the Provost's mail box this year eh no?
http://www.hibs.net/attachment.php?a...6&d=1363552055
I thought vlad was totally broke just weeks ago, down to the cash he had in his pocket. Either he had a load of cash in his pocket or he was speaking out his erse. I know which one I believe...
Appears to be dating Steven Fry in drag going by that photo.Quote:
Originally Posted by Willis1875
Looking a bit rough in this picture taken before the game today.Quote:
Originally Posted by green glory
Would've hated to see a pic of him after the game
That's not Stephen Fry in drag,that's just Stephen Fry in his everyday attire.Quote:
Originally Posted by robinp
He has some balls for attending, I'll give him that.... How did the moronic masses react, did they all hail their hero??Quote:
Originally Posted by macca70
How fitting if that was his last match.....A perfect ending to his charade....
Have they been paid this month yet??
Quote:
Originally Posted by SmashinGlass
All his expenses, cabs included, will go through Hearts books.
Ha! In other words, his trip is on tick and those who will ultimately finance it will be the creditors of Hmfc/ubig. (Delete as appropriate)Quote:
Originally Posted by Kato
No need for that Vlad says he is going to start a new Bank.Quote:
Originally Posted by Kato
http://www.lithuaniatribune.com/3180...ank-201331809/
All will be Barry again ! :greengrin
Quote:
Originally Posted by greenginger
He might be an arse, but he makes me laugh he really does. Maybe he should give up finance and go into Stand up !Quote:
“I live like a Jew under the German occupation, Romanov said. “Only I’m not Jewish and the Germans are nowhere to be seen.”
A fringe festival show with him would be a sell out. :greengrin
Seemingly Vlad left the ground after 68 minutes when they went 3-1 down..... We'll support you ever more (but not financially).
usually paid wages is big news. So were they paid on time?
We have to assume so on this occasion with the monies they had going into the 'club' of late, right?
Norrmally it's "business as usual" when they shout from the rooftops that they have paid. I've seen no announcement as of yet ! Are they now soooo self-sufficient that they don't have to declare such normalities !?Quote:
Originally Posted by Craig_in_Prague
Few mins later. I ken the lad who was his driver and he got the call on 73 mins that vlad was going.Quote:
Originally Posted by 1875er
Did he take him straight to the airport? Or is Vlad hanging about to take part in these 'talks' with fan groups re parting with his shares?Quote:
Originally Posted by jodjam
Back to the Waverley train stationQuote:
Originally Posted by green glory
Press conference at Tynecastle this afternoon apparently.
Impending Jambogeddon hopefully.Quote:
Originally Posted by Pretty Boy
Foooommm!
A statement is expected to be released with regards to transfer of Ownership of HeartsQuote:
Originally Posted by Pretty Boy
www.bbc.co.uk/sport/0/football/21820730
So basically Vlad hands over his shares to 'Supporters Direct', not only do they get these wonderful shares but also £24 million debt and UBIG will continue to have 1st charge on Tynecastle should they fall behind in repayments.
If it goes through, its just delaying the inevitible.
Romanovs parting gift of the league cup and handing over the club.
Oh wait
Quote:
Originally Posted by macca70
Isn't it the case that UKIO Bankas now have the security over Tynecastle?
As far as I understood it, UBIG owe money to UKIO and UKIO have the security against Tynecastle, which they invoke in the case of a re-payment default.
Could one of our resident financial geniuses confirm/deny this?
Again. :wink:Quote:
Originally Posted by macca70
Vlad doesn't have any shares in HMFC. UBIG do, and Vlad isn't on their Board.
Its amazing how so many folk still think Romanov is pulling the strings at tynecastle? :confused:Quote:
Originally Posted by CropleyWasGod
So how can BBC publish this headline yesterday:Quote:
Originally Posted by CropleyWasGod
Hearts: Talks over fans' takeover of Vladimir Romanov's shares
I get the impression that even Vlad doesn't know what he owns or is allowed to own these days. The waters have been murkied even further.
That's pretty much how I understand it - Ukio definitely held a security over HoMFC's assets to the extent of £6.8m plus interest and charges while UBIG hold full security over anything above that. The security appears to cover a debt owed by UBIG rather than HoMFC although another poster on this thread has quoted a communication from Ukio that said they had a claim against HoMFC - that could be read as suggesting that HoMFC owe Ukio direct, so it's not entirely clear.Quote:
Originally Posted by keekaboo
Now that Ukio has been broken up the debt/security apperars to be in the hands of the Lithuanian state bank who will presumably seek to recoup as much of the debt as possible from whichever source is appropriate.
Because, not for the first time, they don't know what they're talking about. As has been the case throughout the Sevco/Jambo saga, we have sports journalists talking about issues they don't understand.Quote:
Originally Posted by macca70
I would prefer to get my facts from Companies House and, indeed, Hibs.net :greengrin
He looks like he's 'aged' too an awful lot in that BBC picture.Quote:
Originally Posted by Golden Bear
Nae wonder. His dodgy businesses have caught up with him.
Another good point for Dundee yesterday. Yaministration now puts the Yams 4 points behind with 7 games to go. :wink:
I remember the Succulent Yam tweeted last month the share certificates would be sent out mid-March. Seems there's no news on this.
CWG and Cav, have the shares been lodged with Companies House yet?
Just to confirm that even after yesterday's poor result...allisbarryQuote:
Originally Posted by Pretty Boy
Now, grab yourself a slice of the white hot atmosphere of tynecastle by getting a season ticket for 2013/14. All your money will not go to Gary's fund but you can be reassured it is going somewhere. Just sit back, relax and order a pie online whilst watching the best youngsters EVER, fact, ENDOF.
No, they haven't. It's three months tomorrow since the share offer closed and they're supposed to be registered within one month of allotment.Quote:
Originally Posted by green glory
So we can take it from that they've been royally fleeced? Probably premeditated too?Quote:
Originally Posted by Caversham Green
They've certainly been fleeced, the question is whether they'll ever get bits of paper to prove it.Quote:
Originally Posted by green glory
My gut feeling is it's just administrative incompetence, but the longer the delay goes on, and with some of the stories coming out of Lithuania, an out and out scam is starting to look more believeable.
On a slightly separate note my local Jambo received his season ticket renewal on Saturday. They are offering a ticket for £300 (by the end of March rising to £340 in April then £360 after that) in the "Main" stand. Interest free credit for 4 months but you have to pay a fee of £20.00 to qualify for this so it isn't really free or 10 months 19%. Finally no credit cards accepted, wonder why?.............................................. ...............The fool is renewing as he isn't willing to pay an extra £60 later in the year and run the risk of losing his seat he has had for umpteen years.
Got a letter on sat am from a scott findlay of edc informing me that hertz aim to be the proud holders of both the sc and the lc at the same time. Then all about their victory parade route. Replied to him personally today......GIRUY ya hertz fud..Why have you not closed that death trap of a stand ?
It seems to be practically impossible, even for people within the club, to work out exactly who is in charge. This state of confusion will only intensify until somebody in Lithuania comes out with a procedure for the disposal of the assets.Quote:
Originally Posted by Caversham Green
In the meantime, Hearts will try and stagger on towards the end-of-season finishing line.
The big worry for them must be any criminal investigations into money laundering and illegal activities within the (former) Romanov empire, of which the club is a part. This has the potential, surely, to hold up any future restructuring of the club and disposal of its assets. To my mind, this is the nightmare scenario, a potential transnational 'Third Lanark' situation, where the (groundless) club are de facto frozen out of the game indefinitely as a series of legal proceedings, appeals and counterclaims run on, with the sole objective of keeping main players out of prison for as long as possible.
He only Tweeted that because he was told to by David Southern. If he was a proper journalist he wouldn't just be chasing that up, he'd be asking the awkward questions that their fans are too scared to ask.Quote:
Originally Posted by green glory
At the moment he's just being used to peddle Hearts' propaganda.
It's maybe hard to compare because there was no interweb when they were in their prime, but were John Fairgrieve and Stewart Brown this useless, or is it a modern thing? :dunno:Quote:
Originally Posted by Mikey
I can remember people talking badly of Stewart Brown because of his Hearts bias - even though he was a Hibs man.Quote:
Originally Posted by lapsedhibee
Was he not the guy that wrote Tiny should be pulled down and replaced by a car park? Blue sky thinking ... :wink:Quote:
Originally Posted by lapsedhibee
Agree with all of that. HoMFC's company secretarial work is mostly done by UBIG (despite HoMFC having more admin staff than Hibs and Aberdeen combined) and the share issue would likely need a director to sign it off - as we know UBIG doesn't actually have any directors at the moment so there's a degree of paralysis now that will only get worse until the situation is rectified, regardless of the criminal implications you suggest.Quote:
Originally Posted by Dashing Bob S
Quote:
Originally Posted by Mikey
I have asked him three times if Hearts have been paid this month?? No reply! So, using fuzzy logic, I'll just assume they haven't been paid and thier ass is in a slingshot!
You know if they had any baws about them they would just take over! There is nothing Romanov nor his flunkies can do at the moment because they have no shares nor remit to be there!Quote:
http://www.hibs.net/images/hibsnet/misc/quote_icon.png Originally Posted by Dashing Bob S http://www.hibs.net/images/hibsnet/b...post-right.png
It seems to be practically impossible, even for people within the club, to work out exactly who is in charge. This state of confusion will only intensify until somebody in Lithuania comes out with a procedure for the disposal of the assets.
FOH should do a hostile takeover and simply run the club! What legally, could Vlad or Fed do?? Be better for FOH to take over and do the right thing rather than the scenario of the season ticket money going walkies! And, I would expect, the Lithuanian bank and authorities would be OK with it - to a degree!
Anybody and idea if Hibs have been paid the ticket money from the last derby by the cheats and stealers
Sure I read they had until Wednesday?Quote:
Originally Posted by Desperate Dan
Is that not a sign he is look for a job as Media Manager? A bit like a certain James Traynor.Quote:
Originally Posted by Mikey
But business as usual would mean they have been paid !? :confused:Quote:
Originally Posted by MrSmith
Seriously have they been paid yet though ?! Wouldn't be surprised if they haven't, and our ticket money is due on Wednesday at the very latest too !
Anyone know what hibs would do in the event of non-payment? I assume go through the spl/sfa rather than the courts?Quote:
Originally Posted by Desperate Dan
Is there not meant to be a press conference at the Asbesto-dome this afternoon?Quote:
Originally Posted by EdinMike
Wages paid?
Share certificates issued?
All is barry?
Have a feeling about this presser. Don't want to get my hopes up though.
Merchandise from a cup victory would have been huge to them as would another derby, Hibs really have to focus on getting that top six place.Quote:
Originally Posted by EdinMike
I think so. There's provision in the rules for the SPL to pay on behalf of a defaulting club and deduct it from their prize money. There's also the good faith aspect - serving a winding up petition is probably not acting in good faith towards another club. Nor is withholding ticket money of course.Quote:
Originally Posted by South Sub
I'd be interested tae ken why Hibs even let those shysters get their hands on the dosh at all and didnae sell the tickets themselves. Surely that would have been the best way of making sure they got the dosh.Quote:
Originally Posted by MrSmith
Cheers :aok:Quote:
Originally Posted by Caversham Green