Fair point.Quote:
Originally Posted by Mikey
Can they get Legal Aid? :greengrin
Printable View
Fair point.Quote:
Originally Posted by Mikey
Can they get Legal Aid? :greengrin
No, I've already told you. They can get to **** :greengrinQuote:
Originally Posted by CropleyWasGod
Thank you, Rumpole. :greengrinQuote:
Originally Posted by Mikey
The sobering fact is that we've had our best season in living memory, beyond anything the Famous Five or the 7-0 or 6-2 teams could have dreamed off, and we're still only only TWO measly points of the biggest club in the world who are having financial/operational issues, bur with their 400,000 fanbase will easily resolve them. They cast such a BIG shadow over us. I'm so depressed.
Yet why do my sides ache every time I go on this thread?
that's no very nice :top marks :greengrin :thumbsup:Quote:
Originally Posted by Mikey
Are we likely to see some action and decisions made tomorrow, or is this just the start of something that will take weeks?Quote:
Originally Posted by desantos0773
In terms of Hearts, which is mainly what we're all thinking about, I am guessing the latter. The Lith authorities will have higher priorities.Quote:
Originally Posted by EH6 Hibby
The best I think we can expect is that UKIO's administration will be confirmed, and (perhaps) UBIG will be put into the "bad debt" bag. The problem with that is that (AFAIK) UBIG still have no Board, so there is no-one there to push their insolvency button. It may be left to UKIO's administrator to take that action, and that could take a while.
Now that it seems a certainty that they're going to get f***ed eventually, some extended foreplay sounds like fun.Quote:
Originally Posted by EH6 Hibby
I could do that :agree:Quote:
Originally Posted by CropleyWasGod
Will the court session be sorted in 1 hearing or could it drag with appel,If the mad 1 has the cash ?
Yam poster called PTBCAL who has a reputation for being ITK, apparently, just posted that administration is imminent, although he seems unsure as to who is entering administration although it is presumed to be Hearts. If accurate it probably means that the ST money is, as others suspect, already gone
Lets all cross our fingers.
Yep, he's very much on the ball.Quote:
Originally Posted by The Falcon
Have you set up an NLRT as well?! I'm glad I'm not the only saddo!Quote:
Originally Posted by desantos0773
How many STs do they think they shifted?Quote:
Originally Posted by The Falcon
Quote:
Originally Posted by The Falcon
:pray::pray::pray::pray::pray::pray::pray::pray::p ray:
Hopefully plenty, will serve the idiots right for handing over their cash!Quote:
Originally Posted by clerriehibs
Apologies. It's administrators in Lithuania that have been appt - cue deserved flak for ME!!!
What does this mean from PTBCAL?
Quote:
Originally Posted by clerriehibs
Claiming 5000 on 20th April.
http://www.heartsfc.co.uk/articles/2...241384_3150122
Along with their "shares" - that would be hilarious. A couple of Jambo acquaintances have already bought theirs and in truth I'd feel (a bit*) sorry for them but then again one of them has acted like billy big baws for years, especially after they financially doped their way to beating us last year.Quote:
Originally Posted by The Falcon
*teensy
I'm sure they were saying 5000 so that probably means 1000-2000Quote:
Originally Posted by clerriehibs
Still can't understand why this thread hasn't been renamed Jambogeddon.
No idea but it appears to have a few of their ringpieces going.Quote:
Originally Posted by blackpoolhibs
Shaun William Ryder ...
"Guess we just have to wait and see, and be ready to mobilise, when needed. We will all have a part to play before the end."
:faf:
How could they possibly be going into Admin?
Every Jambo is telling us they are self sufficient!
They're that self sufficient they have already *****ed the money from the last 2 Cup Finals, next seasons season ticket money, recent share issue, cake bake and face painting cash!!
That sounds like self sufficient right enough .
In sure they an quite capably mobilise into Div 3Quote:
Originally Posted by clerriehibs
Shaun Ryder is twisting my melon man
Is he Tolkien in disguise?Quote:
Originally Posted by clerriehibs
Lord of the Ringpiece.Quote:
Originally Posted by Prof. ****gy
Asda have twelve packs of Brothers Toffee Apple or 7% festival pear cider on sale for seven quid.Quote:
Originally Posted by The Falcon
I have a load of the stuff in the fridge ready to crack open.
Assuming Dundee lose their next game and that lot get a point from their next game, that could mean we have two opportunities to relegate that lot. Then win the Scottish cup.
Relegate Hearts, win the Scottish Cup.
I've just seen my pal posting on their site, he seems quite worried, now that its going to effect someone close to me i feel really bad for them
hahahahahahahahahahaha GIRUY
Don't know any figure but I do know a hearts shareholder (a proper one, not a guy who handed over the bairns crimbo fund) who has not renewed. Reason being he has been told to 'wait and see what happens'. he was told this from someone he fully trusts within the club. His words not mine :wink: oh and he told me this about 4-5 weeks ago.Quote:
Originally Posted by macca70
Might be a daft question, but I'll ask anyway. There's been a lot of chat about what affect it would have in terms of point deduction in relation to when (not if) they go into admin.
Point deductions and timing aside, how goosed would they be in terms of the team they could put on the park? Would it be a case of all players being put up for sale/released? (If, hypothetically, they weren't liquidated.)
Quote:
Originally Posted by clerriehibs
He thinks "mobilise" means getting ready to talk about Jambogeddon on his phone.
At least he knows the end is nigh. The part he'll play is sitting around open mouthed praying "Mr Romanov" sails up the Forth and tells them "it's ok, we owe to ourselves".
It's not a daft question.Quote:
Originally Posted by 7062
In reality, if they go into administration (as opposed to liquidation), it will probably be a very short one, and liquidation would follow.
However, in the hypothetical situation that administration lasts any length of time,.... the administrator would strike a balance between selling off those players that could get some money in, whilst retaining a core squad that would be attractive to a new owner. The Rangers' administrators favoured the latter, but they were in a different (and relatively healthier) situation.
:faf: shame for them they didnae mobilise a few years ago instead of bending over, sticking their heids in the sand and being rogered by Vlad.Quote:
Originally Posted by clerriehibs
plums
http://www.youtube.com/watch?v=djIZyGPZ4rM
:faf::faf::faf::faf::faf::faf:
Aye, they were only completely ****ed :hilariousQuote:
Originally Posted by CropleyWasGod
Ha ha I knew what that video was going to be before I even clicked on it but I still watched it and it still makes me laugh as much as the first time I saw it. What a bunch of thick mutant hearts ********Quote:
Originally Posted by Desperate Dan
:faf: :faf: :faf: :faf:Quote:
Originally Posted by Desperate Dan
The guy smiling at the end because his shirt is signed :faf:
I think it would be down to the administrator what staff they kept on or made redundant.Quote:
Originally Posted by 7062
All the high earners would be out the door pretty quickly.
Good point... Bottom line the blue nose route isn't open to them, it's going to be more like Dunfermline... They off loaded 7 players as soon as they went into admin? ....... To be fair that's the BEST they can hope for, pretty sure CWG and CG etc are on the money when they're saying everything points to a quick road into liquidation as soon as the admin door opens.Quote:
Originally Posted by 7062
Probably got it framed and still has it hanging on the wall, fud. :agree:Quote:
Originally Posted by SteveHFC
http://i19.photobucket.com/albums/b1...ps6d6ab127.gif
Brilliant post. I confess, you had me.Quote:
Originally Posted by Mon Dieu4
Looks like the big issues are: 1) will they be able to stagger on to the end of the season, and 2) will they be able to play in any competition at any level, next season?
I'd settle for a 1) yes and 2) no, though a double no would also be acceptable.
Bob, the Big Issue will be HMFC's main source of income next season.Quote:
Originally Posted by Dashing Bob S
Trough-Snouted parasitic professional Con-Artist/MP sticks his oar in.
http://www.scotsman.com/sport/footba...arts-1-2916555
Quote:
Originally Posted by Kato
Yep, looks like the Yams have got an Allisbarry Mark 2.
The article kicks off stating this court case won't affect Hearts but then the article goes onto state how the situation is cloudy, this might give an insight into how they will treat foreign debt and basically how they have no idea how this court case will affect Hearts.Quote:
Originally Posted by Kato
Desperation or what, it's like he's trying to convince himself that hearts won't be affected by the court case, as the reality is that he doesnae have a clue.
Allisbarry!!
What a load of pish. Does he really think that theLithuanian central bank will give a monkeys about the fate of homfc just because they are chairing the european council in october, I can't believe the scotsman are printing that drivelQuote:
Originally Posted by Kato
This guy Murray has not got a clue and he is an MP !
One example.
" The £15 million that Hearts owe to Ukio ( Bankas ) , the Bank in turn owes this money to UBIG. :confused:
Its late, but if my brain is still working it is UBIG that owes a sh*tload of dosh to the Bank.
I canQuote:
Originally Posted by lord bunberry
Every angle of the reporting from that organ is designed to calm the nerves of the jamboroids, piles of pressure on The Scotsman to keep them from slitting their wrists.Quote:
Originally Posted by lord bunberry
Won't affect Hearts.
Nothing to worry about.
Self-sufficient now.
Why would they shut down little old us.
Bag of sh***
I can see the situation now, the central bank decides to call in the hearts debt only to be vetoed by the Lithuanian goverment because they are worried what the germans might thinkQuote:
Originally Posted by Desperate Dan
Translation: I have not got a scooby what's going on but let's assume the best because that has worked out great for us so far.Quote:
Originally Posted by greenginger
Quote:
Originally Posted by greenginger
Why the exclamation mark?
These guys open their gobs and let their over-filled, expense stuffed stomachs rumble. Waffle is their currency.
Nobody in Lithland batted an eyelid when Vlad closed down Kaunas F C and they had a bit of Champions League exposure.
Its because they weren't chairing the european council that yearQuote:
Originally Posted by greenginger
A bit! The yams won that did they no? cannae shut them doon thenQuote:
Originally Posted by greenginger
And another...Lithuania actually takes over the Presidency of the Council of Ministers of the European Union in July and not "in October"...not that it is relevant anyway as the Bank of Lithuania is independent of the Lithuanian Government.Quote:
Originally Posted by greenginger
And to think our taxes pay this guy's salary...and allowances !
Have you seen his constituency office at the top of Minto Street, Its painted Green top to bottom. :confused:Quote:
Originally Posted by Kato
First of all Der Hun turned to Green & Whyte to save them when it went teets up and now the Yams are pinning their hopes on someone called Ian Murray... Am I the only one who thinks that's a bit weird?!Quote:
Originally Posted by Kato
...whereas us peg selling hobos only had a knighted captain of industry to turn to in our hour of need.
So they wont go under for political reasons?Quote:
Originally Posted by Kato
And its best for Lithuanians to wait for 10p in the pound bid from a fans group then follow through on insolvency procedures?
And this approach will only happen for Hearts where as the rest of the UKIO debt will be called in through liquidation (I.e Hearts will be ring fenced and treated as a special case)?
Is that about the sum of it?
Me? I'm convinced.
May they should run as a special Yam edition - the (U)Big Issue?Quote:
Originally Posted by Peevemor
So this genius mp reckons nobody else will offer more than 2million for hearts assets so best to take the foundations offer. I hope no hibees vote for this plum of a man as he is clearly a bit dim
Sent from my LT30p using Tapatalk 2
Shirley Germans aren't going to be very sympathetic towards the yams, after losing two world wars to them.Quote:
Originally Posted by lord bunberry
254 people viewing this thread and it isn't even 8.00 am yet.
80 members and 174 guests.
I wonder what team the 174 guests follow..............
John brown in the Scotsman
“It has been disgusting,” he says. “I go back to the Italians, and the money they spent – how the hell could they afford what they were doing on the back of crowds of 5,600? Well, the answer is they could not afford it.
“It’s a bit like Hearts’ cup final when they beat Hibs, and they had boys on eight or ten grand, they could not afford that. Is that them cheating to win a cup final?
“Look at the state they are in, they could be going into administration themselves. The responsibility is on the owners for the management of the clubs, whether that’s Dunfermline or, in the past, Dundee, or what’s happened at Rangers, too.”
I don't blame the guests any dissent on Brokeback and the Stasi shut them down.Quote:
Originally Posted by Joy Zipper
Quote:
Originally Posted by carnoustiehibee
I agree on those points, should stir a few of the Yams who normally post on the Scotsman up...............
just about choked on my cornflakes :faf:Quote:
Originally Posted by lapsedhibee
John Brown speaking sense again. He's beginning to make a habit of that.Quote:
Originally Posted by carnoustiehibee
Indeed! Didn't they win the European Council as well? Sure that was one of the targets on the Dear Leaders believe list.Quote:
Originally Posted by Desperate Dan
Oh, I suddenly like John Brown again, always said he spoke sense :greengrin:Quote:
Originally Posted by carnoustiehibee
Where did this £15M to UKIO come from? Thought almost all their debt was to UBIG?
I'm still a little bit shocked that a member of parliament has come out and backed a football club to be able to walk away from it's debts, does this mean he is saying it's ok for businesses to tade in such a manner. I wonder if this is labour policy now:hmmm:
Maybe we should ask his party.
And if that fails, try to intimidate the Lithuanian Govt. by making vague threats against their presidency of the Council of the European Union.Quote:
Originally Posted by bighairyfaeleith
BBCBMcLauchlin@BBCBMcLauchlin1mHearts owe Ukio Bankas around £15 million. Debt likely to be recalled if bankruptcy approved #bbcsportscot
And they're going to take notice of a member of the UK opposition party.Quote:
Originally Posted by Part/Time Supporter
Today, could be oh so nice.Quote:
Originally Posted by s.a.m
Which would presumably prompt Hearts to go into administration immediately..............................Quote:
Originally Posted by s.a.m
that's more like itQuote:
Originally Posted by Mikey
Well that's just put a spring in my stepQuote:
Originally Posted by s.a.m
What time is the decision? I have to go to a meeting and would hate to miss the fun and games.
Not sure his figures are 100%, however I think any attempt to recover any debt in the millions can only spell one thing.Quote:
Originally Posted by s.a.m
Yes you guessed it.
JAMBOGEDDON !!!
Got tickets for the derby next week. Wonder who the money will go too, Oldco, Newco, or Noco!!!!
months after a more detailed assessment, in which case the
liabilities of the parties to the contract will also be revised,
the central bank said.
Bankruptcy proceedings are planned to recover remaining
assets of Ukio, including property in Scotland and elsewhere,
for creditors, among whom the deposit-insurance fund will be the
largest, according to the Bank of Lithuania.
The EBRD owns 19.6 percent of Siauliu, which after Ukio’s
collapse is Lithuania’s only publicly traded bank. Siauliu
shares rose 10 percent to 0.267 euro in Vilnius on Feb. 13, when
the lender announced plans to negotiate for Ukio’s assets, and
closed at that same level on Feb. 22.
For Related News and Information:
Lithuania company news TNI LITH COS <GO>
Top Stories: TOP <GO>
--Editors: Kristen Hallam, John Deane
To contact the reporter on this story:
Bryan Bradley in Vilnius at +44-20-7330-7500 or
What's your take on it? In a language the rest of us can understand :greengrinQuote:
Originally Posted by desantos0773
Could this be where the Administration rumours have come from this time?
Hearts know it's out of their hands and so they have put the pieces in place so that if the news in Lithuania doesn't go their way they can pull the trigger themselves in an attempt to gain some protection? It would certainly explain why there is apparently an administrator already lined up and why they have statements saying #AllIsBarry so they can cover all the options.
This is a report from end February. The temporary administrator has carried out a thorough analysis of the assets and liabilities. They know exactly what they can and can’t recover. Loans to Hearts and UBIG (Romanov) have been classified as “bad” and part of the gap in £300 million gap in assets and liabilities. The Lithuanian state has filled the hole by issuing debt to the bank taking over the good assets and with the proceeds given a loan to the State insurance company who made good the £300 million hole. They will now attempt to recover as much of value of these assets as possible by selling them. I think they have already had discussions with Hearts who know what is coming – hence their talks with the council and having Tynecastle valued and administration to buy time.Quote:
Originally Posted by Mikey
Would UBIG as present owners not need to be involved in HoMFC entering Admin? Can the club directors do that on their own?Quote:
Originally Posted by Bajillions
It's a directors' decision, normally, rather than owners.Quote:
Originally Posted by Geo_1875
Unless, of course, an external party does it.
So is it that today's events are a forgone conclusion or that the outcome is irrelevant?Quote:
Originally Posted by desantos0773
is this it? is today the day? It seams like all the stars have alligned and somewhere in Lith there is a man with his finger on the trigger, I have high hopes that today will be a bad bad day for our pink chums
I think that it is only the club directors, or a UK court, that can hit the insolvency button.Quote:
Originally Posted by Geo_1875
Thought UBIG didn't have any Directors...?Quote:
Originally Posted by CropleyWasGod
Hearts directors.Quote:
Originally Posted by grunt
I think I'll just assume everything is still fine as I don't understand any of the above.
If it works for the yams, then it works for me :ostrich:
Yup, the Lithuanian court can't order HMFC into administration, but they can start a chain of events which would lead to that.Quote:
Originally Posted by hibs0666
ie if the Lithuanian court declares Ukio bankrupt, that gives the Lithuanian Govt authority to demand their money back. HMFC (or some other third party, such as FOH) has to make an offer to them in repayment.
If they can't make a satisfactory offer, then HMFC has to apply for administration to protect itself from the Lithuanian demand. Administration would also give them more time for a third party offer to come forward.
Oh yeah, duh!Quote:
Originally Posted by CropleyWasGod
Are they dead yet !? Are they dead yet !? Are they dead yet !? Are they dead yet !?!!
This is killing me ! I want to know If I should go out and celebrate.. :greengrin