Share Transfers Agreed/Cooling off period

Quote:

---

Originally Posted by Liberal Hibby

Banderson's response was interesting. Normally his tweets have a degree of certainty missing from this one.

Just wondering if it might have anything to do with the switch to real-time PAYE - if Hearts payrole is being run from Lithuania - they may have paid their players and staff - but not the taxman (who now has to be paid at exactly the same time).

---

Not quite. There is no change in when HMRC are paid, which is by the 19th (or 22nd if on-line) of the following month.

Where you are confused is that a declaration has to be made to HMRC every time a payroll is paid.

Quote:

---

Originally Posted by CropleyWasGod

Not so. There is no change in when HMRC are paid, which is by the 19th (or 22nd if on-line) of the following month.

Where you are confused is that a declaration has to be made to HMRC every time a payroll is paid.

---

Thanks - very helpful. I will now go and pay myself!

Are they favourites with the bookies to go down yet, they'll be the first to react in the event this latest story has any foundation.

Any chance of a quick 3 liner of where they are and why they got there?Please and Thank you

http://scotslawthoughts.wordpress.co...ect-on-hearts/


Interesting article, useful as a reminder of how big the hole is they find themselves in! Sorry if this been posted already. IMO its only a matter of weeks before the man from UBIG comes knocking, their demise will be sudden as whilst they have formed various support groups, they have no capital/cash raised in readiness. Tick Tock Tick Tock!!!!

After the surprise sacking of Burley, it would not be out of character for them to pop when we're so close to the end of the season.

Quote:

---

Originally Posted by Hibby Kay-Yay

After the surprise sacking of Burley, it would not be out of character for them to pop when we're so close to the end of the season.

---

Put it this way if there is a chance they do go into admin they would be daft not to do it now as they could start next season in minus ... Whatever it is.

Quote:

---

Originally Posted by Aldo

Put it this way if there is a chance they do go into admin they would be daft not to do it now as they could start next season in minus ... Whatever it is.

---

They could potentially get relegated if they do it now.

Quote:

---

Originally Posted by Hibercelona

They could potentially get relegated if they do it now.

---

They sure could. But they might think its better to stay in top div with minus than in Div one with a bunch if bairns. Better income and all that??

Quote:

---

Originally Posted by Aldo

They sure could. But they might think its better to stay in top div with minus than in Div one with a bunch if bairns. Better income and all that??

---

But you just said it would be daft NOT to do it now. :greengrin

If they did it now, they would face potential relegation.

There's some twitter thing going on just now about Hearts officially gone into Administration, can anyone confirm if this is just a load of pants or not?

Quote:

---

Originally Posted by Hibercelona

But you just said it would be daft NOT to do it now. :greengrin

If they did it now, they would face potential relegation.

---

I knew what I meant to say but yes and yes ( is that daft enough) at the end of the day do t care how just want it to happen.

Sorry man

Without doing the sums, is there a chance they go into admin and are deducted points we could relegate them in the Derby?

Quote:

---

Originally Posted by .Sean.

Without doing the sums, is there a chance they go into admin and are deducted points we could relegate them in the Derby?

---

Yes

Quote:

---

Originally Posted by .Sean.

Without doing the sums, is there a chance they go into admin and are deducted points we could relegate them in the Derby?

---

Yes if hearts won their next game and Dundee lost theirs

Quote:

---

Originally Posted by #FromTheCapital

Yes if hearts won their next game and Dundee lost theirs

---

Are they not due to pay 1.5 million to HMRC in three equal instalments starting May 2013? If so, does anyone know the due date?

Why does some random tweeting something count as a rumour?

Watching beeb news and heehaw mentioned about the yams load of push as usual

Quote:

---

Originally Posted by .Sean.

Without doing the sums, is there a chance they go into admin and are deducted points we could relegate them in the Derby?

---

http://www.youtube.com/watch?v=mOl2eoMrvq8

Quote:

---

Originally Posted by Barrabus

Are they not due to pay 1.5 million to HMRC in three equal instalments starting May 2013? If so, does anyone know the due date?

---

Yes they're due to start paying it next month but nobody knows for certain what date and what the arrangement is. They will either be paying 500k next month and every following may until 2015 or in monthly instalments of 40k

Anybody can write anything online. Nobody should take any notice of the cr*p people put on Twitter.

so they're no deid yet :grr:

Quote:

---

Originally Posted by keekaboo

Anybody can write anything online. Nobody should take any notice of the cr*p people put on Twitter.

---

:agree:

Especially when this person supports the team who would benefit the most if the rumour was actually true.

Quote:

---

Originally Posted by #FromTheCapital

:agree:

Especially when this person supports the team who would benefit the most if the rumour was actually true.

---

Lithuanian central bank starts official bankruptcy proceedings against UB after administrator determines $463 million hole in balance sheet. Means they will start selling assets against unrecoverable loans (Hearts whose loan expires in the summer). May not be unlinked to the Twitter rumour as administration would give some protection or rather time against seizure of Tynecastle and Romanov's shares for sale and give time to find buyer or somewhere else to play.

Quote:

---

Originally Posted by #FromTheCapital

:agree:

Especially when this person supports the team who would benefit the most if the rumour was actually true.

---

Hard to think of anyone gaining any more benefit than the boost in happiness I'll get when it happens.

So another non story?

Quote:

---

Originally Posted by Hiberlin

So another non story?

---

There is always Panorama BBC 1 tonight at 8.30. Having an in depth look at what Russian criminal gangs are doing in the U K.

May'be Vlad and the Gorgie Laundrette, sorry Ukio Bankas, will get a mention in dispatches. :greengrin

Quote:

---

Originally Posted by desantos0773

Lithuanian central bank starts official bankruptcy proceedings against UB after administrator determines $463 million hole in balance sheet. Means they will start selling assets against unrecoverable loans (Hearts whose loan expires in the summer). May not be unlinked to the Twitter rumour as administration would give some protection or rather time against seizure of Tynecastle and Romanov's shares for sale and give time to find buyer or somewhere else to play.

---

This makes some sense to me, if it is a move to prevent the assets (well the pink bus shelter really, it's the only asset) being swiftly sold out from under them. However I expect they'll blindly stumble on in hope of a miracle rather than face up to the fact they are insolvent and daffy ducked.

Below is a series of tweets posted this evening by Ewan Murray, which I've made a complete dog's breakfast of trying to copy and paste. Does anyone know what he's on about ?



"Ewan Murray‏@mrewanmurray1h


@StewartGilmour1 Stewart, is it not odd that Richard Atkinson, a director of SMFC, can be Supporters Direct's man "inside" Hearts talks?


Richard Atkinson's group failed with a takeover bid at St Mirren, as per here http://www.bbc.co.uk/sport/0/football/19595121 … ... is a director of St Mirren...


Yet can turn up at meetings such as last Friday with Hearts supporters bodies as Supporters Direct's man related to a Hearts takeover?


In short, Hearts' attempted moulding of a supporter, ahem, "buy out" is spurious. As I reckon will be proven pretty soon."

Quote:

---

Originally Posted by s.a.m

Below is a series of tweets posted this evening by Ewan Murray, which I've made a complete dog's breakfast of trying to copy and paste. Does anyone know what he's on about ?



"Ewan Murray‏@mrewanmurray1h


@StewartGilmour1 Stewart, is it not odd that Richard Atkinson, a director of SMFC, can be Supporters Direct's man "inside" Hearts talks?


Richard Atkinson's group failed with a takeover bid at St Mirren, as per here http://www.bbc.co.uk/sport/0/football/19595121 … ... is a director of St Mirren...


Yet can turn up at meetings such as last Friday with Hearts supporters bodies as Supporters Direct's man related to a Hearts takeover?


In short, Hearts' attempted moulding of a supporter, ahem, "buy out" is spurious. As I reckon will be proven pretty soon."

---

Perhaps suggesting that Atkinson is also in for Hearts?

Or, rather, in for those shares that can't be sold.

Quote:

---

Originally Posted by CropleyWasGod

Perhaps suggesting that Atkinson is also in for Hearts?

Or, rather, in for those shares that can't be sold.

---

CWG. They probably don't even realise this.
#headinthesand

Let me get this right, if Hearts accounts are signed off on the basis that Ukio Bankas support them financially and then Ukio Bankas go bankrupt then Hearts should be in no condition to survive/trade/be solvent?

Quote:

---

Originally Posted by Centre Hawf

Let me get this right, if Hearts accounts are signed off on the basis that Ukio Bankas support them financially and then Ukio Bankas go bankrupt then Hearts should be in no condition to survive/trade/be solvent?

---

It was support from UBIG not UKIO.

Quote:

---

Originally Posted by Centre Hawf

Let me get this right, if Hearts accounts are signed off on the basis that Ukio Bankas support them financially and then Ukio Bankas go bankrupt then Hearts should be in no condition to survive/trade/be solvent?

---

Accounts were signed off on the basis that UBIG, not Ukio Bankas, would continue to support them. No doubt the auditors will come out with some weasly words, rather than saying that the club is a financial basket case, in order to get paid for the audit.

Quote:

---

Originally Posted by Centre Hawf

Let me get this right, if Hearts accounts are signed off on the basis that Ukio Bankas support them financially and then Ukio Bankas go bankrupt then Hearts should be in no condition to survive/trade/be solvent?

---

UKIO Bankas are already in administration.

Assuming you mean UBIG, though, they have already said they wouldn't support Hearts financially.

The silence from journalists on this matter is deafening. You would expect, given how much it's been discussed on Twitter that at least one would say "No truth in that rumour" or similar. My guess is that they know what's coming but don't want to jump the gun for fear of getting the same treatment as STV.

Tomorrow could be very interesting

Not sure but rumour has it Hearts have asked the question about administration due to being safer with UK based administrators than what would happen should UBIG go down, it would be dangerous should they be under Lithuanian control.

2nd point is the massively reduced ticket prices, it screams desperately needing any cash whatsoever, when have they ever reduced ticket prices to such an extent, they normally ask top
Dollar.

Quote:

---

Originally Posted by Mac

Not sure but rumour has it Hearts have asked the question about administration due to being safer with UK based administrators than what would happen should UBIG go down, it would be dangerous should they be under Lithuanian control.

2nd point is the massively reduced ticket prices, it screams desperately needing any cash whatsoever, when have they ever reduced ticket prices to such an extent, they normally ask top
Dollar.

---

Any administration of HMFC would have to be done in accordance with UK law. Accordingly, pretty sure it would have to be a UK-based Insolvency Administrator.

The administrator would, of course, still have to deal with the administrator(s) of UKIO and, presumably, UBIG.

The amount of detail in this rumour suggests there's something brewing. To have a name for the Administrator makes me think that things are moving.

If an administrator has been appointed then I would expect something imminently, purely for logistical reasons.

No smoke without fire. They are up to something over there. Think the Dundee result put a bit of a spanner in the works imo

Suppose they might've been hoping to be clear enough of Dundee by now to safely take the hit. Maybe the plan has always been to shaft HMRC before the May instalment and they've just waited hoping Dundee would have given up by now?

Quote:

---

Originally Posted by s.a.m

Below is a series of tweets posted this evening by Ewan Murray, which I've made a complete dog's breakfast of trying to copy and paste.

---

He's asking whether there is a conflict of interest in a director (Atkinson) of another SPL club (St Mirren) trying to arrange a takeover of HMFC. He doesn't think it will go anywhere though.

So if Barrys to be trusted its AGM in the morning and share certificates posted oot in the afternoon!

Little look over at Kickback to see what their views are and the thread of most concern is... "5-1 around the world" with the rumours not getting any airtime at all. I know all is Barry but you would expect some kind of acknowledgement. Ostriches are beginning to get a bad name.

:ostrich:

Quote:

---

Originally Posted by highland_hibbee

Little look over at Kickback to see what their views are and the thread of most concern is... "5-1 around the world" with the rumours not getting any airtime at all. I know all is Barry but you would expect some kind of acknowledgement. Ostriches are beginning to get a bad name.

:ostrich:

---

Think they censor all admin talk over there now. There was a thread their this afternoon but it was taken down quick sharp.

Can someone spill the beans on the specifics of this rumour? Who are the admins said to be appointed?

Quote:

---

Originally Posted by highland_hibbee

Little look over at Kickback to see what their views are and the thread of most concern is... "5-1 around the world" with the rumours not getting any airtime at all. I know all is Barry but you would expect some kind of acknowledgement. Ostriches are beginning to get a bad name.

:ostrich:

---

They had an entire thread on it this afternoon but it was deleted

Quote:

---

Originally Posted by Bajillions

They had an entire thread on it this afternoon but it was deleted

---

Ahh that explains it. Ostriches recover their name slightly.:aok:

Quote:

---

Originally Posted by Bajillions

They had an entire thread on it this afternoon but it was deleted

---

#allisbarry

Quote:

---

Originally Posted by matty_f

#allisbarry

---

#allisnotbarry

FEARS were growing last night that Hearts are set to plunge into administration.

The Jambos owe Vladimir Romanov’s crippled Ukio Bankas and its parent company UBIG £25MILLION.
SunSport understands a Glasgow-based auditing firm is on standby to act if the worst nightmare of Tynecastle staff and fans is realised — possibly even as soon as the next week.
And that scenario would hand current SPL bottom side Dundee a potential reprieve from relegation.
Second bottom St Mirren, still chasing the win to secure their top-flight status, would also be cheered.
Hearts, presently 10th and 11 points clear of John Brown’s men, would be hit with a 17-point deduction going into the last fortnight of the season.
Depending on this weekend’s results it could instantly relegate Gary Locke’s side.
It is believed that the February crash of Ukio Bankas — owed £15m by the Scottish Cup holders — immediately left Hearts in a precarious position.
Supremo Romanov and right-hand man Sergejus Fedotovas, also a Jambos director, quit the board of Kaunas-based parent company and effective club owners UBIG soon after.
Hearts — who late last year rushed out a share issue to raise £1m-plus to cover an HMRC bill plus running costs which threatened to kill them off — are also in debt to UBIG to the tune of £10m.
UBIG have a 79 per cent stakeholding in Hearts, who are desperate to stave off any possible administration until at least June 1 when it’s understood their ‘golden’ SPL share would be formally confirmed again for 2013-14.
In that event they would not be relegated but would start the new season with a minimum minus 12 points.
Last night a Tynecastle source insisted: “As far as we’re concerned it’s business as usual.”

Read more: http://www.thesun.co.uk/scotsol/home...#ixzz2RtlVcS1I

Isn't it 18 points? Not 17...

:partyhibb


:lolyam:

Quote:

---

Originally Posted by The Green Goblin

Isn't it 18 points? Not 17...

---

But hey....who's counting? :greengrin

Quote:

---

Originally Posted by SteveHFC

FEARS were growing last night that Hearts are set to plunge into administration.

The Jambos owe Vladimir Romanov’s crippled Ukio Bankas and its parent company UBIG £25MILLION.
SunSport understands a Glasgow-based auditing firm is on standby to act if the worst nightmare of Tynecastle staff and fans is realised — possibly even as soon as the next week.
And that scenario would hand current SPL bottom side Dundee a potential reprieve from relegation.
Second bottom St Mirren, still chasing the win to secure their top-flight status, would also be cheered.
Hearts, presently 10th and 11 points clear of John Brown’s men, would be hit with a 17-point deduction going into the last fortnight of the season.
Depending on this weekend’s results it could instantly relegate Gary Locke’s side.
It is believed that the February crash of Ukio Bankas — owed £15m by the Scottish Cup holders — immediately left Hearts in a precarious position.
Supremo Romanov and right-hand man Sergejus Fedotovas, also a Jambos director, quit the board of Kaunas-based parent company and effective club owners UBIG soon after.
Hearts — who late last year rushed out a share issue to raise £1m-plus to cover an HMRC bill plus running costs which threatened to kill them off — are also in debt to UBIG to the tune of £10m.
UBIG have a 79 per cent stakeholding in Hearts, who are desperate to stave off any possible administration until at least June 1 when it’s understood their ‘golden’ SPL share would be formally confirmed again for 2013-14.
In that event they would not be relegated but would start the new season with a minimum minus 12 points.
Last night a Tynecastle source insisted: “As far as we’re concerned it’s business as usual.”

Read more: http://www.thesun.co.uk/scotsol/home...#ixzz2RtlVcS1I

---

I thought it was 18, every point counts :greengrin

The Sun obviously read Hibs.net

i hope its true but that article is just a fleshed out version of what's on here, fingers crossed

Here we go !!! :aok:
:greengrin:greengrin:greengrin:greengrin:greengrin :greengrin:greengrin:greengrin

Is it okay admins if i post a few Daffy Duck gifs? :greengrin

http://i19.photobucket.com/albums/b1...971/doomed.jpg



http://i19.photobucket.com/albums/b1...ps6d6ab127.gifhttp://i19.photobucket.com/albums/b1...ps6d6ab127.gifhttp://i19.photobucket.com/albums/b1...ps6d6ab127.gifhttp://i19.photobucket.com/albums/b1...ps6d6ab127.gif

Quote:

---

Originally Posted by silverhibee

#allisnotbarry

---

Depends on your point of view!! :thumbsup:

:fenlon :hahaha: :pray: :cheers: :partyhibb :rotflmao: :woohoo: :smokin :brokenyam: :titanic:

http://www.celticminded.com/forums/i...ies/frozen.gif:thumbsup:

Quote:

---

Originally Posted by SteveHFC

http://www.celticminded.com/forums/i...ies/frozen.gif:thumbsup:

---

:faf:

Nowt sums up the nonsense at the PBS better than a dancing zebra. :not worth

Quote:

---

http://www.hmfckickback.co.uk/public...0/snapback.pngMcGlynn Style Advisor, on 29 April 2013 - 11:34 PM, said:
Seems to be a strong rumour.

I did say when we were ******* about with McGlynn we had to get much more points because relegation was still possible.

---

http://itspronouncedlajaway.com/wp-c...r-who-rain.gif

Quote:

---

Originally Posted by SteveHFC

http://www.celticminded.com/forums/i...ies/frozen.gif:thumbsup:

---

That's class.Pure class.......This is the thread that keeps on giving :thumbsup:

Scotland needs a Strong Hearts

Is Santa really coming tomorrow? How am I meant to sleep tonight?

Quote:

---

Originally Posted by SteveHFC

http://www.celticminded.com/forums/i...ies/frozen.gif:thumbsup:

---

that's the one Steve.! that's the one . keep on dancin':thumbsup:

Quote:

---

Originally Posted by PatHead

Is Santa really coming tomorrow? How am I meant to sleep tonight?

---

I'm sure I heard sleigh bells ringing tonight :-)

Quote:

---

Originally Posted by SteveHFC

http://www.celticminded.com/forums/i...ies/frozen.gif:thumbsup:

---

I love you man! :faf:

The story in the Sun looks as reliable as Graeme Smith in goal.
If it does miraculously happen in the next 2/3 years, it will come with reports that it was due to Rangers' demise.
It will also come with a statement of foulplay and mafia-assassin-gangsters stealing money and laundering it for evil kingpins. :wink:

Lets look at this rationally please before we crack open the champagne. So far all we have us a rumour started by a random Dundee fan on twitter and a story by the sun newspaper which has no quotes and looks like it could of taken all it's information from this thread. As usual they have at least one fact wrong as it would be an 18 point deduction. Think il just sit tight until something a bit more concrete comes to light.
I do think they will go into admin but for it to have the desired effect it really needs to happen in the next 2-3 weeks which I'm not so sure about.

Quote:

---

Originally Posted by #FromTheCapital

Lets look at this rationally please before we crack open the champagne. So far all we have us a rumour started by a random Dundee fan on twitter and a story by the sun newspaper which has no quotes and looks like it could of taken all it's information from this thread. As usual they have at least one fact wrong as it would be an 18 point deduction. Think il just sit tight until something a bit more concrete comes to light.
I do think they will go into admin but for it to have the desired effect it really needs to happen in the next 2-3 weeks which I'm not so sure about.

---

Howehhhhhhhhhhhver......at the very least, all this chat can't be making their creditors any more confident.
Hopefully :aok:


Edit: I'm liking your David Tennent work, Steve!

Quote:

---

Originally Posted by #FromTheCapital

Lets look at this rationally please before we crack open the champagne. So far all we have us a rumour started by a random Dundee fan on twitter and a story by the sun newspaper which has no quotes and looks like it could of taken all it's information from this thread. As usual they have at least one fact wrong as it would be an 18 point deduction. Think il just sit tight until something a bit more concrete comes to light.
I do think they will go into admin but for it to have the desired effect it really needs to happen in the next 2-3 weeks which I'm not so sure about.

---

Nah, **** it I'm going to get excited. (You're probably right but the day I don't enjoy a story like this about hearts is the day I give up!)

This thread has been nothing but a tease, flirting with a promise of the grand prize. When that day arrives there will be a lot of laundry done, that's for sure.

Evening News‏@edinburghpaper4mHearts in battle for survival. The latest from Tynecastle on http://edinburghnews.com shortly

...according to the Evening News twitter feed a few moments ago.

Good luck Hearts but ultimately get it right ****in up you.

Edit - read that back. Don't wish any luck but the rest of the sentence applies.

Quote:

---

Originally Posted by 3pm

...according to the Evening News twitter feed a few moments ago.

Good luck Hearts but ultimately get it right ****in up you.

---

**** h****s

**** the ****** ********

We are all assuming because of the LC Final and reports of 5k ST's already sold that they should have funds to see them safely through the season and that is a reasonable assumption to make.

However.....we have no idea what they are doing with any money they take in. UBIG's trading has been severly limited by actions in Lith and it is not unfeasible that the money raised by HMFC is actually being used to fund UBIG at this time. UBIG are entitled to do so as Hearts are certainly owe UBIG plenty.

We have not seen any actuals produced since June 2011 and the last few sets of accounts have stated that the Yams were entirely dependant on UBIG support, which has been withdrawn. HMFC also brought in £1m from a share issue which has not yet been registered getting on for five months after the share issue closed. No one who made the purchase in good faith has recieved what they paid for, to date at least.

A lot of assumptions I know but in the absence of facts I do not think any of the above is unrealistic, and I beleive that this is ceratinly more probable that the #allisbarry nonsense spouted by "the succulent yam"

I do not know if admin looms or not but there is no doubt they are not in a good position.

Keep this gifs handy Steve :greengrin

Quote:

---

Originally Posted by Desperate Dan

**** h****s

---

Yep. Sorry about that DD.

Quote:

---

Originally Posted by Kaiser1962

We are all assuming because of the LC Final and reports of 5k ST's already sold that they should have funds to see them safely through the season and that is a reasonable assumption to make.

However.....we have no idea what they are doing with any monet they take in. UBIG's trading has been severly limited by actions in Lith and it is not unfeasible that the money raised by HMFC is actually being used to fund UBIG at this time. UBIG are entitled to do so as Hearts are certainly owe UBIG plenty.

We have not seen any actuals produced since June 2011 and the last few sets of accounts have stated that the Yams were entirely dependant on UBIG support, which has been withdrawn. HMFC also brought in £1m from a share issue which has not yet been registered getting on for five months after the share issue closed. No one who made the purchase in good faith has recieved what they paid for.

A lot of assumptions I know but in the absence of facts I do not think any of the above is unrealistic, and I beleive taht this is ceratinly wore probable that the #allisbarry nonsemse spouted by "the succulent yam"

I do not know if admin looms or not but there is no doubt they are not in a good position.

Keep this gifs handy Steve :greengrin

---

Pitty that animal Black is not still with them. He appreciated a nice painting job I believe. :wink:

Quote:

---

Originally Posted by SteveHFC

FEARS were growing last night that Hearts are set to plunge into administration.

.....
UBIG have a 79 per cent stakeholding in Hearts, who are desperate to stave off any possible administration until at least June 1 when it’s understood their ‘golden’ SPL share would be formally confirmed again for 2013-14.
......

---

That's interesting, that the season ends on June 1st and not May 18th at 4:45pm. So they could be 16 points clear on May18th, but still go into admin and relegated.

Incidentally, does anyone else notice that the jambo-minded journalists' tone has changed, or is that just wishful thinking colouring my judgement?

Quote:

---

Originally Posted by SteveHFC

http://www.celticminded.com/forums/i...ies/frozen.gif:thumbsup:

---

:faf::faf:

Evening News Sport ‏@edinburghsport 9m
#HMFC Hearts in battle for survival. The latest from Tynecastle on http://edinburghnews.com shortly



And in typical yam fasion, one of the pink mutants replied with "5-1 haha". Aye hide behind your 5-1 all you want but 5-1 can't save you now ya clown :bye::fenlon:faf::jamboclow:ostrich:

Only been checking on my phone but it looks as though #allisbarry has deleted his Yams admin tweets from yesterday , anyone confirm ?

Quote:

---

Originally Posted by s.a.m

Incidentally, does anyone else notice that the jambo-minded journalists' tone has changed, or is that just wishful thinking colouring my judgement?

---

He's no journalist, he hadn't heard anything until someone from here told him on Twitter. I've been asking him repeatedly when the EEN will cover the fact that the shares haven't been registered. He won't reply to that one.

IMO withholding information Sevco style. If it's bad news don't report it.

If it happens tomorrow it would be Yaministration on 1/5. If only somebody could think of some kind of hand gesture to go with that ...

http://www.scotsman.com/sport/footba...club-1-2913567


The Hootsman still going with the Allisbarry line this morning and judging by the comments the believers still believe.

Out of interest what happens to a believer when reality slaps them in the face ? :confused:

Quote:

---

Originally Posted by Treadstone

Only been checking on my phone but it looks as though #allisbarry has deleted his Yams admin tweets from yesterday , anyone confirm ?

---

:agree: looks like it

Quote:

---

Originally Posted by 3pm

Yep. Sorry about that DD.

---

:thumbsup:


GIRFU the banjo playin' http://i19.photobucket.com/albums/b1...ps6d6ab127.gif six toed, inbred, windae lickin' ****in' mutants.

Evening News reports this as "temporary" whn the Lithuanian central bank is going to make them bankrupt on Thursday! That is why all these administration rumours are coming out.

The Succulent Yam just tweeted a link to this.


http://m.scotsman.com/sport/football...ce=twitterfeed

Quote:

---

Originally Posted by green glory

The Succulent Yam just tweeted a link to this.


http://m.scotsman.com/sport/football...ce=twitterfeed

---

They tell him, he prints it. :agree:


B Anderson, journalist :faf:

Quote:

---

Originally Posted by green glory

The Succulent Yam just tweeted a link to this.


http://m.scotsman.com/sport/football...ce=twitterfeed

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That's a rehash of the Sun story, repeating the 17 points nonsense.

I'm also curious how the Sun got hold of the "£15m due to UKIO Bankas." They can't be reading Hibs.net properly.

Quote:

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Originally Posted by Desperate Dan

They tell him, he prints it. :agree:

B Anderson, journalist :faf:

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Might take up the profession myself. Only requires switching a tape recorder on and transcribing the contents.

Below is th article linked above. Is Barry not missing the point? (Although, equally, I might be....) Surely the immediate risk is not a potential £15 million debt recall by UBIG, but UBIG themselves being placed in administration?



By BARRY ANDERSON
Published on 30/04/2013 08:36
HEARTS today responded to reports of imminent administration at Tynecastle by claiming their finances are under control.
Club officials did not deny administration is a possibility amid suggestions that Ukio Bankas administrators in Lithuania are about to call in up to £15million of debt. However, Hearts expect finance agreements with Ukio Bankas Investment Group (UBIG) and Ukio Bankas to continue.
The Edinburgh club are in debt to the tune of around £25million, £15m of which is owed to Ukio Bankas, the Lithuanian bank which is itself in temporary administration. All debt had been held by UBIG until late last year when £15m was transferred to Ukio Bankas.
Vladimir Romanov, the club’s majority shareholder, claims to be bankrupt and has been powerless to stop Lithuanian authorities shutting down his bank and splitting up its assets. The future of Hearts is at stake as any major recall of debt would force the Edinburgh club into administration, with the knock-on effects including a points deduction and possible relegation from the Scottish Premier League.
A Hearts spokesperson said today: “We are aware of rumours that surface every few months but the club has a firm
agreement in place with both UBIG and Ukio Bankas regarding debt arrangement.
“The club’s debt has reduced in recent years as it continues on its path to self-sustainability. Operationally, the club is working well and we expect to see more progress during the summer months as the squad is refreshed. It remains very much business as usual.”
Hearts confirmed that all players are currently fully paid to date, with suppliers and bills also being paid on time. UBIG had been helping to fund the club until January 2012, however, since then Tynecastle officials have been forced to work purely on whatever income the club generates by itself.
They will fight to avoid being placed in administration but the situation will be taken out of their hands if Ukio Bankas administrators recall the £15m.
That would trigger an automatic deduction of 17 points as per SPL rules regarding insolvency at clubs, which could be enough to relegate Hearts depending on results between now and the end of the season.
Were they to suffer administration after June 1 – the date that the new season officially starts – Hearts would remain in the SPL, although they could be deducted 12 points for the new campaign starting as a
percentage of their total from this season.

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Originally Posted by green glory

The Succulent Yam just tweeted a link to this.


http://m.scotsman.com/sport/football...ce=twitterfeed

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Sometimes it's difficult to know where to start with his utter and total incompetence but ...

Bazza, if you're looking in:

1. It was the security that transferred, not the debt, and it wasn't a security for £15M.
2. Penalty this season is 18 not 17.
3. Penalty next season would be 14 (assuming no more HMFC points) not 12.
4. UKIO bank bankruptcy hearing is tomorrow, not worth a mention? You didn't know, did you ...


“The club’s debt has reduced in recent years as it continues on its path to self-sustainability. Operationally, the club is working well and we expect to see more progress during the summer months as the squad is refreshed. It remains very much business as usual.”

No tanks in Baghdad! :rolleyes: