:)Quote:
Originally Posted by blackpoolhibs
Printable View
:)Quote:
Originally Posted by blackpoolhibs
I am on the precipice of retracting previous comments regarding my thoughts that they would remain unharmed.
Vajazzle time, chaps :greengrin
That bit was a formality, wasn't it? It's the debt recovery strategy that's the interesting bit.Quote:
Originally Posted by green glory
Paging desantos! :greengrin
Which doesn't take them past the safety point of 1st June.Quote:
Originally Posted by green glory
That's very good news for Dundee :agree:
So I take it that nothing can be done in terms of dismantling UBIG until after these 10 days?Quote:
Originally Posted by green glory
I wouldn't have thought there would be any appeal, they know they are Donald Ducked this time. :greengrinQuote:
Originally Posted by Mikey
If admin happens in the next few days, depending on this weeks results it's entirely possible we'll relegate them next week.Quote:
Originally Posted by Mikey
:agree: Pleasing.Quote:
Originally Posted by blackpoolhibs
I hope they die on May 19th!!
10 days time we are at the PBS.
:flag::flag::flag:
Meanwhile, "Scoop" Anderson is on the ball as always ...
:rolleyes:Quote:
Barry Anderson @BarryAnderson_8 59m
Verdict on whether Ukio Bankas will be liquidated not likely to be made public till next week at the earliest. #Hearts owe Ukio £15m. #HMFC
#allisbarry
They aren't the big team. They are the UBIG team.
All is Barry I SAY ALL IS BARRY :-)
Dundee have 2 home before we go to the PBS and will be safe by then. We'd be going there for a party :wink:Quote:
Originally Posted by green glory
All gone very quiet over on KeekCack :thumbsup:
"But, but, but 5-1 blah, blah, blah!"
"If only we knew we could've done something about it"
Twats!
if they have not got a football team to discuss i suggest that the polis shutdown Kickback as it will just be used for grooming, fraud and racism
http://m.youtube.com/watch?v=w7RIgs3eygo
Posted over there quality :-)
YAMOCALYPSE!!!!!
And it was good.
So is this really the end then ?.
They better no squirm there way out this time!!!
It aint quiet here. Guests have been booted to stop the place falling over :greengrinQuote:
Originally Posted by kdhibees1
Not yet. The foreplay is increasing in intensity, but the climax has yet to be attained.Quote:
Originally Posted by HibbyAndy
Roll with it.
I away to login.Quote:
Originally Posted by Mikey
A Lithuanian court began bankruptcy proceedings against Ukio Bankas AB at the request of the central bank, which shut the Kaunas-based lender in February because of risky loans to related parties.Quote:
Originally Posted by Green Blood
Kaunas District Court today also issued a decree naming the firm Valnetas UAB as Ukio’s bankruptcy administrator, the court said on its website. The decisions may be appealed within 10 days, according to the statement.
Ukio was Lithuania’s fourth-largest bank by deposits when it was closed. The lender’s liabilities exceeded its assets by 1.2 billion litai ($463 million) as of March 18, the Bank of Lithuania in Vilnius, Lithuania’s capital, said last month, citing financial statements prepared by Ukio’s temporary administrator, Adomas Audickas, and auditor KPMG Baltic.
The permanent bankruptcy administrator will determine how and when to seek recovery of Ukio’s assets, which include claims on a majority stake in Scottish premier-league soccer club Heart of Midlothian as well as the team’s stadium in Edinburgh, Audickas said in a phone interview on April 30.
Valnetas, which like Ukio is based in the central Lithuanian city of Kaunas, specializes in corporate bankruptcy and restructuring, according to its website.
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]
A majority stake? That's a new one, no?Quote:
Originally Posted by Mikey
If that's the case, which I have doubts about, then the "owner in insolvency" provision kicks in.
the good bits (ie not Hearts or UBIG) have been transferred to the other bank.
http://news.cision.com/siauliu-banka...as-sig,e372744
Most over there still think this is a good thing. They will get a buyer and they will still be at Tynnie. Surely these folk can't be serious?
Who'd have thought you could get Ibrox, Murray Park and the football club for £4million?Quote:
Originally Posted by Thecat23
Quote:
Originally Posted by CropleyWasGod
It's a claim on the majority stake, not the majority stake itself. This would suggest that UBIG have put Hearts up as security for borrowing from Ukio.
Apparently, it would be total and utter madness to sell off Tiny as it's only valued at around £5M. Far better to keep the now-highly-profitable club together with its ground in the hope of striking a less than £2M deal on the never-never backed with fantasy pledges.Quote:
Originally Posted by Thecat23
Obviously. :rolleyes:
There was no major security in that case.Quote:
Originally Posted by Andy74
1st target for the administrator must be UBIG :agree:
how long? I would assume not long due to
the fact they have had time to plan a strategy :wink:
:thumbsup::thumbsup::thumbsup::thumbsup::thumbsup: :thumbsup:
Okay. But that means, if they go after UBIG and take ownership of the shares, they are the owner and, being insolvent, the points penalty kicks in.Quote:
Originally Posted by MacBean
That said, if they go down that route, it will probably be next season.
:tee hee::tee hee:Quote:
Originally Posted by #FromTheCapital
Can you imagine trying to sell a development of new flats at Ibrox? :faf:Quote:
Originally Posted by Andy74
UB assets include not only Tynecastle by Romanov shares which have been seized. Under European law they can extend the bankruptcy proceedings to UK to recover assets. HMFC essentially bankrupt. Any buyers of club and stadium will buy from administrator as part of lquidation sale. HMFC should be booted out the SPL and SFL and any buyer would hav e to seek re-entry.
Looking forward to the vinegar strokes.Quote:
Originally Posted by CropleyWasGod
you should hand out boxes of kleenex with your postsQuote:
Originally Posted by desantos0773
Tynecastle is not a UB asset, though. It's HMFC's, albeit secured to UB.Quote:
Originally Posted by desantos0773
The complacency over there is breathtaking. Can you imagine what would happen if Rod and STF had got our club into the state HoMFC are in?Quote:
Originally Posted by Thecat23
Wonder if the Jambos will be singing this by the end of the day in defiance. http://www.youtube.com/watch?v=6E2hYDIFDIU
:giruy:
SPOT ON SIR!!!!Quote:
Originally Posted by desantos0773
GAME OVER :greengrin
Vinegar!!!!!!!!!
There were suggestions that Tynecastle could have been transferred as part of the debt for equity switches.Quote:
Originally Posted by CropleyWasGod
Absolutely no sign of anyone worrying about this on keekback? Are they deaf dumb and blind? :confused:
The claims on Tynecastle and Romanov's shares are. They effectively become assets as UB are bankrupt and can't pay back the loans.Quote:
Originally Posted by CropleyWasGod
Yesterday, all my troubles seemed so far away
So is it still a case of #allisbarry?
If UBIG have provided Hearts FC as security over their debt (As the bloomberg article would suggest), and UBGI can't repay their debt, then the security for said debt would be transferred to UB administrators. In this instance, that is Hearts FC and all of it's assets, i.e. Tynecastle, name rights, SPL rights, players, staff, etc...Quote:
Originally Posted by CropleyWasGod
Then UB administrator could asset strip HMFC
No.Quote:
Originally Posted by essexhibee
Just thick as ****
I wasn't going to get up that early to attend the derby but I might now :giruy:
:top marksQuote:
Originally Posted by Pames McJake
And maybe a cigarette and the local dominoes number for after.....:wink:
Presumably meaning that Hearts are owned by a bankrupt outfit?Quote:
Originally Posted by MacBean
Therefore meaning an immediate 18 point deduction??
Not according to BarryQuote:
Originally Posted by M17
Barry Anderson @BarryAnderson_8 16m Confirmed, Ukio declared bankrupt RT @edinburghpaper Hearts in crisis: Ukio Bankas goes bankrupt http://bit.ly/120Yr4e
I've always hated this gif, but I knew I'd find a use for it one day.
Attachment 9730
Hopefully it's as straight forward as that.Quote:
Originally Posted by Mikey
So 'allisnotbarry' then?Quote:
Originally Posted by M17
UBIG still "own" HMFC, and until UBIG are declared in Admin/Bankrupt then there will be no 18 point deduction. Only when UB admin calls in UBIG debt will we know of the next steps. If UBIG can't pay, HMFC and it's assets will be offered.Quote:
Originally Posted by Mikey
Tha pink hoose must stay open
What's the ispy link, I can't keep up.
Effectively, but not legally.Quote:
Originally Posted by desantos0773
It's a pedantic point, but as of this moment HMFC still have ownership of Tynie. They could sell it tomorrow, as long as they satisfied the fixed charge on it.
http://www.hibs.net/vaispy.phpQuote:
Originally Posted by Hibby70
More like a tin shed than a hoose my Lord.Quote:
Originally Posted by lord bunberry
http://i976.photobucket.com/albums/a...g/av-34052.pnghttp://i976.photobucket.com/albums/a...g/av-34052.pngQuote:
Originally Posted by steakbake
I thought UBIG assets were frozen?Quote:
Originally Posted by CropleyWasGod
I'm sitting with goosebumps, Ooh to, Ooh to be.. :flag:
@Sir_RodPetrie: PLEDGE ON, PLEDGE ON!
WITH MONEY, FROM YOUR BANKS!
AND YOU'LL NEVER SAVE YOUR HEARTS!
YOU'LL NEVVVVVER SAVE, YOUR HEARTS!
UBIG's are, but not HMFC's.Quote:
Originally Posted by hibs0666
HMFC own Tynie.
Yeah, but swept away when UKIO took a security of £6.8m over it in (?) December.Quote:
Originally Posted by jgl07
Kickback Lurkers ken whit's goin oan...Quote:
Originally Posted by SteveHFC
This has to be sung next sunday :thumbsup:Quote:
Originally Posted by Leishy1995
I will happily start itQuote:
Originally Posted by SteveHFC
Oh what a day!
I've always hated this one to be honest. However, upon reflection, I can see the enjoyment in itQuote:
Originally Posted by Green Man
http://www.hmfckickback.co.uk/public...jjpleasing.gif
Cheers, have a Karma Kreme doughnut on me.Quote:
Originally Posted by Mikey
:top marksQuote:
Originally Posted by Glorious
Sums it up for me perfectly.
http://www.hmfckickback.co.uk/public...jjpleasing.gifQuote:
Originally Posted by highland_hibbee
Yam mates starting with the '5-1' patter already, incredible.
I hope you chaps don't think those appalling Kickback gifs will be a long term addition :wink:
I'm not on twitter, but would somebody mind sending him a tweet asking why he's been telling bare faced lies for months, rather than doing the job he is paid (no doubt handsomely) to do.Quote:
Originally Posted by littleplum
Just hit them with a 2-5 gesture instead.Quote:
Originally Posted by Sean1875
http://i976.photobucket.com/albums/a...ntitled-11.gif:greengrinQuote:
Originally Posted by Mikey
HaHaHa, Genius from you.Quote:
Originally Posted by Glorious
I took the 'oh you mean the 15 million debt being called in?' approach :agree:Quote:
Originally Posted by Hibs07p
Do they not realise that it doesnt bother any hibs fans? Not me anyway not even since the game itself.Quote:
Originally Posted by Sean1875
I seen a FB pic of friends on their hols in Portugal and barman doing the sign. Come back from hols - nae club. Lol
Oi, I was just going to post that.Quote:
Originally Posted by Hibs07p
2/5 around the world. Get the 2 the right way round mind.
It is still possible that hearts could gamble to be in a mathematically uncatchable position (ie relegation impossible) then stuck themselves in admin
:aok:Quote:
Originally Posted by Sean1875