They out buying cigars and putting bubbly in the fridge.
Some reckon this place will be a hoot and we've back-pedalled and are happy with CVA.
They all think everything will be fine and debt free
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They out buying cigars and putting bubbly in the fridge.
Some reckon this place will be a hoot and we've back-pedalled and are happy with CVA.
They all think everything will be fine and debt free
Hey thanks for this. You're a star man. OopsQuote:
Originally Posted by Dunderhall
Let them think that. They can't be debt free.Quote:
Originally Posted by Aldo
We know that. Funny thing if they agree the CVA but don't give them the stadium and sell it to a property developer. (Can this be done??)Quote:
Originally Posted by Hermit Crab
No.Quote:
Originally Posted by Aldo
If there is a CVA, FOH own the company and hence its assets.
No.Quote:
Originally Posted by Aldo
If they get the CVA through, irrespective of any debt they still have to pay to pay off, they will have shed approximately £25m in debt. Not a bad day in anyones book.
CWG cheers didn't think they could but got confused.... Shame really.Quote:
Originally Posted by CropleyWasGod
When you think of it though the Liths aren't getting much after BDO takes their fees.
(Really hoping it's pull the plug time- thee best Xmas present ever)
Thanksgiving here today in the USA. Hoping for a Christmas Day day feeling tomorrow. Dare to dream........
That's the most annoying thing bout it all. £25 million dodging their dues and fleecing the taxman.Quote:
Originally Posted by Spike Mandela
Club with no shame right enough.
Cheers for that guys
BDO hadn't heard if the meeting was going ahead as of lunchtime today. They tried to find out this morning and got no reply. UKIOs admin is cooperating but contact with UBIGS admin has been very minimal.
PS. This "debt free" rubbish shows just how thick their support is. There is currently no outcome that leaves Hearts "debt free". They'll still have football debt to pay and then they have to pay back the loans that are allowing FOH to buy them in the first place.
Heh heh!
Breaking news from the Beeb
:thumbsup:
is what?Quote:
Originally Posted by Golden Bear
Ah right, nothing we didn't know already ...
Quote:
BBCBMcLauchlin @BBCBMcLauchlin 2m
Hearts will NOT be in a position to exit administration until at least February next year. More soon on BBC Scotland#newsdrive
Listening to that also, admin til february at least as UBIG shares can't be sold till after they have their own creditors meeting. Hardy-******g-har, GIRFUY!:greengrinQuote:
Originally Posted by Golden Bear
I am past caring. Either outcome looks like it'll provide hilarity for us so I'm just going to roll with it and enjoy the show.
I missed the start of the news snippet but the jist of it is that nothing can possibly happen until the end of February.Quote:
Originally Posted by JeMeSouviens
@BBCBMcLauchlin: Hearts will NOT be in a position to exit administration until at least February next year. More soon on BBC Scotland#newsdrive
Hahaha....so the shares were 'frozen'? Maybe not frozen due to investigation but they are still unable to be moved on!
What will the kickback reaction be to this? They dismissed Sergeys claim that this would happen quite strongly!
What will they say now? :greengrin
@BBCBMcLauchlin: Hearts parent company UBIG hold 50% share in club and these cannot be assigned or sold until creditors meeting in Lithuania#bbcsportscot
Yams better get their aprons on to bake their way till February (at least). I'm assuming that no-one is going to put any working capital in until there's more certainty.Quote:
Originally Posted by portycabbage
No sure what will happen with the BDO fees either.
http://www.bbc.co.uk/sport/0/football/25144366
Sorry if that's not a link, computer numpty alert!
Still a bit of arrogance amongst them...Quote:
Originally Posted by the_ginger_hibee
And, lest we forget, it's not in the UBIG admin's power to unfreeze them. That remains with the Lithuanian Government.Quote:
Originally Posted by Winston Ingram
I don't like the sound of , " Ukio admin. is cooperating "............... that sounds like he has accepted the FoH offer. :confused:Quote:
Originally Posted by Bajillions
He has.Quote:
Originally Posted by greenginger
If I was a jambo I would prefer liquidation as it's as it's probably the only honourable outcome. By starting again I could at least hold my head high.
Administration and a CVA is the ultimate embarrassment and I certainly wouldn't be celebrating.
Don't pray for an easy life, pray for the strength to endure a difficult one - Bruce Lee.
Shock.Quote:
Originally Posted by Aldo
What a(nother) twist this is! How long can the comedy train churn for?
I want 'I'm an MPs' thoughts on this and how FoH, BDO etc. didn't at least forecast this and more importantly how they will continue from here?
Pass the popcorn...
For sure?Quote:
Originally Posted by Bajillions
I quite like the sound of them putting it to a Lithuanian Creditors' Meeting. Sounds like fun. :greengrin
Nothings official until the meeting obviously but they've indicated to BDO they plan to accept.Quote:
Originally Posted by CropleyWasGod
Its also in the CVA proposal doc that Ukio will accept the CVA - (according to Kickback though :greengrin)Quote:
Originally Posted by CropleyWasGod