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Just incase anyone or everyone wants to make the president of Lithuania aware of the gorgie thieving beasts attempt at getting the club at a knockdown price thus making the court decision that bit easier they can do so here http://www.president.lt/prezidentas/en/letter_to_the_president2.html
She is big on getting Lithuania through the downturn so the more people that make her aware of the tramps spending 85 million pound of Lithuanian people's money the better. I have PLEASING
It will be a sad day when/if this thread reaches the end because every day it gives great entertainment.
.....and more disgruntled yams please. :Awright!:
Sorry, i meant to cut & paste that bit as well, my techy skills are on a par with Hamill's penalty skills! You are of course quite correct, that's hurdle 1, then followed by creditors' approval at a meeting to be tentatively held sometime before end of March. Lots more fun still to come.Quote:
Originally Posted by greenginger
ok doke.:aok:Quote:
Originally Posted by HNA2
100% correct also sure i heard at the end the report on forth 1 that the begging bowl needs another (final ) pushQuote:
Originally Posted by Waxy
Sorted :greengrinQuote:
Originally Posted by EastCalderHibby
Hats off to Bryan Jackson if he has got an agreement to take Hearts out of admin. He was dealt an absolutely shocking hand and played it very well.
But yes, worth remembering that even if Hearts do avoid liquidation, their troubles aren't even close to being over. If they are celebrating some kind of victory over the road they are going to have an awful hangover.
Hopefully a VERRY VERRY VERRY HIGH CLIFF :greengrinQuote:
Originally Posted by jacomoseven
Priming the Jambos for another cash hit. Far from being wide off the mark Bajillions guzumped Jackson and BDO with the non-news. Until the shares are unfrozen and in their hands they are pretty much done.
Neither UBIG nor UKIOS have the power to tell the Lith courts to release those shares. The unspecified meeting date 'in March' -whether it happens or not- will be instructive.
The hilarious thing is that they think that FOH will be the white knight and all will be ok if they are in control - in the next couple of years. Far from the truth!
Even the few decent yams know the FOH plan is a massive risk and it's going to be far from easy.
When FOH fails or they struggle with the lack of DD or repayments of their new loans do they have a plan B ?
That's on the playing / operations side - not even including the urgent stadium upgrade needed.
They are / were never going to die as a club but serious cut backs are still to take place and still several twists and turns ahead as Lithuania are still firmly in control. The timing of this story was deliberate straight after the shocking result yesterday!
:top marksOnly just begining , they know that a DD is not just for ChristmasQuote:
Originally Posted by jacomoseven
What about a share certificate?Quote:
Originally Posted by hibees 7062
THE deluded ones are already over yesterdays result due to todays non story MY ARSE that story come about so the begging bowl can get back outQuote:
Originally Posted by Dashing Bob S
so come on you daft bassas give what you can you know it makes sense DIPSTICKS Attachment 11954
The PR guys must have rolled in to action as soon as the winning penalty went in,they really are running on fumes now,totally bricking it that the fans will stop going,plus rekon a few direct debits were cancelled this morning,Tick Tock
Sidney is that you? Absolute desperation, embarrassing.Quote:
Originally Posted by kev1875
That's a bit OTT, is it not?Quote:
Originally Posted by QMU-1875
to the yams looking in night night i am going tae ma bed ( thats where normal folk go ) to sleep but will be back the mornQuote:
Originally Posted by leggeto
HAVE ANOTHER ***** NIGHT AND HOPE YOU'RE PAIN IS STILL WITH YOU WHEN YOU WAKE UP 9 MAN I C T
Take the difference between final and semi final income; divide it by two and we will know roughly how much they're spending a month.Quote:
Originally Posted by Col2
Well at least more accurately than before :-)
Hoboconomics at its very best.
If they can just get hold of the shares I think they might get through this. FOH have the benefit of experienced politicians like Ian Murray and Lord Foulkes who will be able to use their track record managing public funds in the running of the club. The FOH expense sheets will be of particular interest in the coming years not just for these politicians claims, but for more rudimentary individuals such as ex-players.
WOW, that is some deal that BDO have worked with UKOI BANKAS and UBIG. Looks like they have managed to get their mits (an agreement to!) on all 108.87% of the shares. That Jackson is a magician.
http://www.scotsman.com/sport/footba...-out-1-3293216
The transfer of fallen Lithuanian investment company Ubig’s 78.97 per cent stake for a five-figure fee is regarded as the last major hurdle in a complex process to save the 140-year-old institution. Would-be owners the Foundation, who are backed by over 7,600 fans making monthly donations, had already agreed to buy secured creditor Ukio Bankas’ 29.9 per cent shareholding for £2.5 million
BBC are no better
http://www.bbc.co.uk/sport/0/football/26015862
UBIG agreed to transfer its 78.97% stake in the club to fans.
FoH and its financial backers are offering about £2.5m for the club, with the majority going to Ukio Bankas, which has a 28.79% stake in the club
All big businesses do maths this way :agree:Quote:
Originally Posted by Golden Fleece
Hearts ****Quote:
Originally Posted by QMU-1875
So what happens , foh get control. No debt and back to square one? Buying players they can't afford?
They will immediately have debt, if and when, FOH get control.Quote:
Originally Posted by EdinAyr
They must pay all their outstanding football debts, plus they will owe their backers the best part of £3m for the shares.
What will they use to buy players?
FOF take control and the Circus just keeps rolling along. DD will slowly dwindle and doubt they have a plan B.Quote:
Originally Posted by EdinAyr
As for buy players they cannot afford. Doubt that will happen, but if they want to DAD on. 2nd administration will not be far away.
The arrogance of the roaster fans on the other hand want the likes of May and Mackay. Really!!
No I was just asking what would happen next. I've not been paying attention to the situation much and just get the feeling they think that they will be able to sign players as normal again and not face consequences for the clubs actions.Quote:
Originally Posted by Hibbyradge
They'll still have debt which has to be repaid asap. Nowhere near as much debt as the 20 odd million that's been with them for 10+ years though. Going into admin has allowed them to bump a lot of creditors out of a lot of money which is why they'll always be branded cheats.Quote:
Originally Posted by EdinAyr
And Don't forget Big Olga's 15%. That makes them an even bigger team.Quote:
Originally Posted by Golden Fleece
They think they're saved but the best analogy I can think of is walking into a car showroom and striking a deal with the cleaner. The cleaner has no authority to sell the car.
Jackson in today's metro saying they have money to last 8 weeks!? C'Mon the weeks