With regards to them still wanting to be a 'big club' and still wanting a team capable of competing in Europe. Tom English summed it up perfectly in the Scotland on Sunday.Quote:
Originally Posted by WindyMiller
"Enough"!
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With regards to them still wanting to be a 'big club' and still wanting a team capable of competing in Europe. Tom English summed it up perfectly in the Scotland on Sunday.Quote:
Originally Posted by WindyMiller
"Enough"!
"many have moved quickly to ensure they do not miss out." :greengrinQuote:
Originally Posted by EskbankHibby
They've had their fingers burnt with the ST sale - they'll be moving quickly on this one :greengrinQuote:
Originally Posted by ballengeich
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Originally Posted by Pedantic_Hibee
Agree, but I want it out in the open if they did have improperly registered players, if only to shut-up some Yam fuds down the pub when they start their Big Club boasts.
If what we’re getting told is 100 per cent true, which I tend to believe it is, then I think the club has been as transparent as they can be. If you’re honest with the fans, the fans will back you. That’s what we’ve always said. It’s like any walk of life, if people feel they’re getting duped they will walk away.
:faf:
How many times can one man bugger a yam? Gullible needs a new entry into the dictionary. :greengrin
The word "gullible" isn't in my copy of the Yamathaurus.Quote:
Originally Posted by blackpoolhibs
I think within the first year we will be completely out of debt - Vladimir Romanov ~ Oct 2005Quote:
Originally Posted by blackpoolhibs
At first I thought 'no way', and how hollow and pathetic it would be.Quote:
Originally Posted by jacomoseven
Then I started to look at it through their eyes and think how outraged they would be...
Won't matter, FR. If they get liquidated we'll have won more trophies than them.
Hearts would no longer be Hearts. That would be funny. Very funny.
2004 :wink:Quote:
Originally Posted by Pedantic_Hibee
http://news.bbc.co.uk/sport1/hi/foot...an/3710698.stm
I knew Vlad was at it even back then when he came out with this.Quote:
Originally Posted by Mikey
:hilariousQuote:
Lithuania-based Romanov, who described Hearts fans as "the best in the world"
Indeed, however if the yams do go bust, and lose the SC title, would we be recompensed for missing out on a European spot....Probably not, however, I would love to seek clarification from our governing body....Quote:
Originally Posted by Pedantic_Hibee
You have to take into account all the others teams that they cheated on the way to the final. Would be have beaten Celtic at Hampden ?Quote:
Originally Posted by Baldy Foghorn
p
I think the whole reprimanding Cup trophies and handing them to the other finalists wouldn't work.
It would probably just be a null and void line in the History books, but we would know. :wink:
I agree and not winning it on the day wouldn't be the same. However that wouldn't diminish my enthusiasm of it being cruelly taken from them.Quote:
Originally Posted by EdinMike
Quote:
Originally Posted by EdinMike
how can you reprimand a cup :confused:
Sternly!Quote:
Originally Posted by cabbageandribs1875
Naughty cup don't do that againQuote:
Originally Posted by cabbageandribs1875
Me neither, when we win it and we will we will win it fair and square and with flair!!Quote:
Originally Posted by Pedantic_Hibee
Let's get real here. I don't think any Hertz fan would contemplate buying any of these shares looking for a return on their investment. They all know the score. They know they are pishing in the sea.Quote:
Originally Posted by hoxtonhibby
A bit of a leap at the moment to suggest Hearts get stripped of any cups . Although hopefully it does come around . One of the Scottish cup years that really bugs me is 2007/2008 . Rangers won the cup after beating us in a quarter final replay . This is one of the cups they would be likely stripped of .
http://www.dailyrecord.co.uk/news/sc...t-plan-1167046
After they beat us in a replay the rest of the semi line-up was Queen of the South , Aberdeen and St Johnstone .
http://en.wikipedia.org/wiki/2007%E2...8_Scottish_Cup
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Originally Posted by BSEJVT
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Originally Posted by lord bunberry
:greengrin he's obviously not taking the cups feelings into account
Does paying staff other than players have to be reported to the SPL under the new rules?
If it is, I wonder if they've told them that some of the coaches haven't been paid for three months......
I heard that hearts staff have all been called in for a meeting later today. Not sure what its about or how true.
Just playing staff?Quote:
Originally Posted by DarrenSQH
non playing staff.Quote:
Originally Posted by green glory
I've just tweeted Barry Anderson the Yam reporter at the Evening News to see what he knows.Quote:
Originally Posted by DarrenSQH
First team, youth coaches?Quote:
Originally Posted by Barney McGrew
Did Harry Potter not say last night that Uncle Fester the bus driver hasn't been paid for 3 months?Quote:
Originally Posted by JimBHibees
He'll only say what he's been told to say.Quote:
Originally Posted by green glory
You're probably right. The Yam's very own Traynor.Quote:
Originally Posted by Mikey
Hearts are away to Dundee this weekend. Is this the first time they've ever played at Dens Park?
No. They've played there often enough before. 1986 was very special for them there.Quote:
Originally Posted by Pedantic_Hibee
I think they may have played there in 1986, can't remember the score though...maybe someone else can?Quote:
Originally Posted by Pedantic_Hibee
Levein's just stirring up trouble for his old club. He said last night that the non-payment of staff was not on and that he felt sorry for the state of affairs at Tynie. Has he not heard McGlib and some of the players saying that they were comfortable with the way they were being sh@t upon and didn't know what all the fuss was about.Quote:
Originally Posted by green glory
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Originally Posted by surreyhibbie
You're KIDDin right ? :greengrin
I just asked Siri about Heart of Midlothian Football Club . . . his response "I couldnt find any football clubs"
I find it stunning the numbers of Hibs fans who forget what happened on this day.Quote:
Originally Posted by surreyhibbie
Hearts needed a point to win the league after a long unbeaten run.
They were up against a Dundee team with nothing to play for on the last day of the season.
A previously unheralded player called Albert Kidd scored twice to allow Celtic to pip Hearts at the post.
Some Hearts fans cried, apparently.
I hope this refreshes everyones mind.
It was one of the funniest single events in the history of word football.
Pictures or it didn't happen. I refuse to believe this.Quote:
Originally Posted by Twa Cairpets
I prefer to remember the fact that the one point we took off them that season denied them the league. :greengrin:Quote:
Originally Posted by Twa Cairpets
You're making that up. No way could something like that happen, unless it was in a comic book :wink:Quote:
Originally Posted by Twa Cairpets
Al bert you it did happen. Remember it well.
Did they get a chance to redeem themselves in any of the domestic cups later that year?
A club that size couldn't go thirty six years without winning a trophy, so I'm sure they did. Unless anyone can prove otherwise.Quote:
Originally Posted by Pedantic_Hibee
Again, the memory of people here is quite shocking.Quote:
Originally Posted by Pedantic_Hibee
Aberdeen took on Hearts a mere few days after the exciting denoument to the league season.
Having been red hot favourites for an unprecdented double to the extent t-shirts had been printed, Hearts were defeated 3-0
Walter Kidd got a red card
Apparently Hearts fans cried. Again
Really, some people should get memory tests.
This was a close runner up to the comedy majesty of the league.
Wow. Can't believe I was not aware of this. Were the local press in attendance in so much as so that they may have taken pictures of either event?
That's amazing. You have done us a great service by researching and telling this long forgotten story.Quote:
Originally Posted by Twa Cairpets
We not not allow this to happen again and I suggest that we put up a granite plaque in the East Stand in honour of this man Kidd.
Quote:
Originally Posted by Pedantic_Hibee
Is this one :confused: :greengrin
http://i45.tinypic.com/9sdn61.jpg
like these for instanceQuote:
Originally Posted by Pedantic_Hibee
Attachment 8788
Help ma boab did this really happen? :coffee:
You learn something new every day.
Or to give it its full and proper name, word association football.Quote:
Originally Posted by Twa Cairpets
Quote:
Originally Posted by degenerated
Is that a Yam trying to impale himself on railings ?
It's actually even more improbable: Hearts could afford to lose to Dundee and still win the league unless Celtic managed to beat a stuffy, fired up St Mirren side at Love Street by 5 clear goals. And, by jove, that's just what they did.Quote:
Originally Posted by MB62
Really? I didn't know that. Says a lot for the yams that they've taken that in good part, and not expressed any sort of grudge against St Mirren over the years. I suppose that winning the World Wars has stiffened their upper lips.Quote:
Originally Posted by ehf
Quote:
Originally Posted by Twa Cairpets
You report these events giving the air of such confidence, people might actually start believing you they did in fact happen. In such an unlikely scenario that they DID take place, it would would be a huge HEARTbreaking event for the club and it's followers. However, the consoling factor in this truly unbelievable situation must come in the shape of, despite having lost both trophies in devasting circumstances, the money made from both competitions would at least mean their club was financially secure for ever and a day, a god send under the world's present financial hardships.Quote:
Originally Posted by Twa Cairpets
Reading this thread meant I just had to dig this one out again, you just never tire of watching it.
:yw::fenlon:jamboak::giruy::brokenyam::yamlaugh:
http://www.youtube.com/watch?v=UCjEsN4E85s
So do I have this right, Hearts won the league on the last day of the season with a 5-0 win over Dundee in front of a packed Tynecastle?
:faf:Quote:
Originally Posted by Cabbage East
It just never, ever gets tiring. Ever.
http://www.heartsfc.co.uk/articles/2...241384_2966692
Good to see Hertz ramping up the emotional blackmail by emplying wee Blobbo.
Paying him in bevvy no doubt.
Or king rib suppers.Quote:
Originally Posted by flash
Is it just me, or is there supreme irony in the advert on that page.... "I sit at home and earn £437 every day".Quote:
Originally Posted by flash
Would that be UKIO Bankas, then? :greengrin
Just heard that Gary Mckay is going to auction off his medal collection to help raise funds for his beloved Hearts!
Ok who wants to tell him!! :greengrin
Apologies of the below has been covered already!
While I'm not an expert on insolvency, I've got a couple of scenarios here:
Share issue raises (generous estimate) £1m. Hearts lose the tax case and face a final bill of say £3m. What is to stop UBIG crystalising the charge over Tynecastle, cash in bank (to the tune of the £1m raised by the rights issue less costs) plus any other assets (if there are any) and letting HMRC join the other unsecured creditors? Obviously in this case any unsecured creditors wouldn't even get a pence in the pound deal, they would get absolutely nothing. If Hearts started to pay the HMRC bill, any money paid is money that would therefore not be covered by the charge and would not go to UBIG. At that point UBIG would save £3m by not having the HMRC bill to pay, could sell Tynecastle for say £10m, close the doors on the club and cut their losses there?
The only other scenario I could see (if Hearts lose the tax case) is that all players are put up for sale, money raised is used to pay back the HMRC bill and Hearts play youths on <£500 a week. All savings are then used on the payment plan to HMRC and to UBIG. The problem (from Hearts' point of view) of this is that with the debt so high, UBIG don't have any real prospect of getting the £22m (plus interest accuring at £1m+ per year) back. Presumably further lending (which has been said wouldn't come from UBIG) would be required to pay off HMRC, so with all of that money going out the club, it further reduces the prospect of UBIG getting their money back, making (in my eyes at least) the above scenario the only option. Even if UBIG did not resort to the above scenario, the team would most likely be extremely weakened, probably relegated and would probably see reduced attendances (depending on fan loyalty of course).
With the second of these scenarios being the better of the two, I'd say it makes for a pretty grim reading for those down Gorgie way...
Any expert (and non-expert!) opinions would be most welcome on the above!
Interestingly if only 150 Yams did that for a year all the debt to Vlad would be paid off.Quote:
Originally Posted by CropleyWasGod
I think Hearts are playing what an old boss of mine used to call French Cricket.Quote:
Originally Posted by grammyb111
Whilst, on one hand, UBIG will get more of their cash back if they DON'T pay HMRC... they seem to be wanting to keep HMRC sweet, thereby ensuring short-term survival. They know that, if they don't pay them, then winding-up orders will follow.
So why are they keeping things going, and potentially reducing the amount recoverable for themselves? I am not sure about that... perhaps they are waiting on property values going up again (fat chance, says I), or discovering another Craig Gordon situation, or a white knight with more money than sense riding up?
That's a dangerous game, IMO. Not only are they jeopardising the recoverability of their cash, they (the directors of HMFC here) are also laying themselves open to prosecution for trading whilst insolvent.
I know I haven't answered your question, by the way. I'm paid to body swerve the difficult ones. :greengrin
And you were one of the great white hopes I had of answering them! :greengrinQuote:
Originally Posted by CropleyWasGod
The thing is, in the second scenario a Craig Gordon situation (to anything like that scale) would be impossible. Hearts wouldn't be in the position to turn down any real offers for their players, let alone the player himself putting up with a team offering more than £500 a week having their bid rejected. Other teams would know exactly the situation Hearts were in and could exploit that to their extreme advantage.
That's a dangerous game, IMO. Not only are they jeopardising the recoverability of their cash, they (the directors of HMFC here) are also laying themselves open to prosecution for trading whilst insolvent.
What directors ? they have still not submitted their annual return yet. All the directors may have resigned and left Uncle Fester in charge.
I can just imagine him with his abacus trying to sort out the mess.Quote:
Originally Posted by greenginger
When all these poor sods inevitably lose their money I very much hope that the wee fat wrist slasher will be able to sleep at night after his part in promoting it.Quote:
Originally Posted by flash
The link also says the share brochure is being distributed to "up to 50,000 supporters".Quote:
Originally Posted by flash
Really?
50,000?
:faf::faf:
I suppose it's more realistic than 400,000, but only just.
I think the logic behind it is that they don't want to cripple the entire postal service hence only sending to 50,000 of the 400,000. Which is what would happen. They're actually doing us all a favour.Quote:
Originally Posted by Twa Cairpets
I for one am very grateful.
Not ignoring the rest of your post, just picking up on the above.Quote:
Originally Posted by grammyb111
I was speaking to someone that was heavily involved in the "Save Our Hearts" campaign when they needed to dig deep to save Tynecastle. He stated that they were given £800k in pledges (not even hard cash) and that a lot of that was from local businesses that were worried about loss of trade if Tynecastle was sold off. He reckons that they'd be lucky to get £300k in a proper share issue, and actually thought that supporters would be daft to give anything at all.
I know loads of folk who will buy these "shares".Quote:
Originally Posted by StevieC
I'd call them moonbeams.Quote:
Originally Posted by Hibbyradge
Definitely, there is bound to be loads. You won't get many parting with more than the basic £110 though and that would mean that pretty much all of them, rather than loads, would need to part with their hard earned cash for it to be a success.Quote:
Originally Posted by Hibbyradge
And imagine the divide it will cause between those that buy shares and those that don't if it doesn't succeed and the club goes under. The "loads" that you mention will be spitting nails at the rest, when Romanov pockets their cash and liquidates the club.
Oh you silver tongued devil, you.Quote:
Originally Posted by StevieC
:faf: One of my favourite photos from the day, I especially like the one right next to him who appears not to have a face, presumably he has has the badge and everything else tattooed over it just for the big day.Quote:
Originally Posted by Seveno
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Originally Posted by YehButNo But
thats the first time i've watched that match and i cant help but be amazed with the similarity of the 2nd goal by the dundee player, kidd i think his name is, and a goal scored in another match featuring edinburgh's biggest club when they were unlucky to not win an eight goal thriller because of some player called latapy scoring the final goal which swung the match in the favour of a wee team whose name escapes me at the moment...the kidd and latapy goals are identical.
Quote:
Originally Posted by green glory
http://t1.gstatic.com/images?q=tbn:A...U94VQDTdaTv1JA
It's fitting that Albert scores after around 6.55 of that video cos that's exactly how long the Yams had left to avoid conceding a goal. :faf:Quote:
Originally Posted by YehButNo But
I wish someone had footage from Easter Road when those goals went in. :wink:
Quote:
Originally Posted by fat freddy
It's worth noting that in that Dundee side was one Jim Duffy, wearing 6.
Last man to touch the ball.
I was hoping that would be a video of Pat Nevin playing Clarke Carlisle at Scrabble.Quote:
Originally Posted by reallapsedhibee
Right, I'll say to start with that this is food for thought rather what I think is going to happen, but...Quote:
Originally Posted by grammyb111
The key is the rule about directors personal liability for trading while insolvent. The rule is that the directors could become personally liable for any costs incurred when they knew the company to be insolvent. The tax case would would fall outside that rule because it's not a cost that was incurred during the insolvent period and the proceeds of the share issue would also escape because it's not a cost, it's an attempt to raise capital. Hold those thoughts.
Fuddytoerag said in an interview that the share proceeds would not be used to pay the tax bill and that they would seek alternative funding. It has also been said (I think in the share brochure) that all other attempts to find alternative funding have been exhausted. So, if they lose the tax case they can claim to have no option but to effect an insolvency event - they can't continue to trade because they would be incurring extra costs and the funding they were previously depending on has been stopped.
That means UBIG stand to take everything that can be raised from a liquidation because their debt is greater than the total liquidation value. However, that value will have been increased by whatever the share issue raises so UBIG gain slightly more than they would have done previously. The timing fits almost perfectly and I can't see that any fraud could be proven - whether the share proceeds would be worth it is debatable.
As I say, food for thought.
Quote:
Originally Posted by Caversham Green
Fedo is talking single fish - Hearts have had approaches to buy the club for certain but they aren't interested in selling although partners would be welcome.
They want to hold on to the club for the foreseeable future - the tax bill will be paid as several others have. Understand you are more of an expert in certain areas than most - so given the info above what do you think is the plan?
I honestly can't fathom why they'd want to keep the club in its current condition, nor can I see why anyone would want to buy it unless they were a rich fan. Maybe they think the council-funded stadium will eventually happen and the value of the club will increase as a result, but as it stands the club is a basket case and the debt in excess of the asset value is just lost money - there's no realistic chance of them recovering it.Quote:
Originally Posted by alexedwards
Quote:
Originally Posted by alexedwards
Plan ! there is no plan, the whole of Romanov's business empire ( used in jest ) is teetering on the brink.
The Alumina smelter AKA the jewel in the crown is loosing money, wages not paid ,massive utility bills.
High exposure to the Lithuanian property market which is at rock bottom.
His Ukio Bankas,loosing money for the 4th year in a row will probably need re-financed again in a couple of months time. Already given up any hope of an Edinburgh branch and still got a very expensive, totally useless monolith in St Andrew Square that you could not give away.
Got a Football club which devours money no matter how often they claim to be making it self sustainable with a fan base who will either walk away or turn very nasty in the near future.
He has an HMRC bill for £ 1.75 million which will increase to £ 3 million + with interest and penalties and he is having to employ tax lawyers and all the rest to try and offer some sort of defence. ( 3 - 5 hundred K for that )
And you ask what is the plan.
Adolf had more wriggle room in his bunker !
This is what he looked like the last time they employed him :faf:Quote:
Originally Posted by flash
http://s3d2.turboimagehost.com/t1/13822958_poface.jpg
Never mind, he can still help by handing out the prospectuses, he has previous experience :agree:Quote:
Originally Posted by Born Leader
http://s3d4.turboimagehost.com/t1/13823210_erse1.jpg
You would think he would at least have all his winners medals round his neck eh ..?...:greengrinQuote:
Originally Posted by Desperate Dan
maybe he didnae want tae show off :hilariousQuote:
Originally Posted by happyhibbie
If he sold them all, including his VC the Yams would be sorted.Quote:
Originally Posted by happyhibbie
I find it morronic that vlad suggest's they are debt free in 2005, when just the year before, Robinson wanted to sell, tynie for about £20 mill and move to murrayfield, because that was a real opportunity to start servicing the debt and become debt free, but he got hounded out.
Then the real debt mounted up, the only way Vlad will get his money back now is to sell tynie, and I can't see him getting more than £17 mill now that the housing prices have went down.
At least when Rangers went pop they could still be called the Ibrox club, it's looking potentially a lot worse for our ugly neighbours in my eyes, because without a stadium etc they are truly rodgered
Mair like £7 Million.Quote:
Originally Posted by 147lothian
I think vlad will sell to a consortium of local croo ..eh businessmen ..it will consist of odd bods ..Jimmy the one armed bandit ..bob the builder & Ralph the roofer ..once they have emptied their piggy banks ..screwed their customers & sold their Grannie's vlad will allot them a controlling stake in the club ..then in turn he will screw them by renting the pink cludgie back to them at an exhorbitant rate ..Quote:
Originally Posted by 147lothian
Then they die ..:bye:
Simple really ..
I wouldnt mind his Tennents Sixes medal ..:greengrinQuote:
Originally Posted by green glory
Wouldn't mind that being revived. Great for kids.Quote:
Originally Posted by happyhibbie
They probably wouldnae mind that either then. :wink:Quote:
Originally Posted by green glory
:shocked: .....:greengrinQuote:
Originally Posted by Desperate Dan
whatever they get will be in the coffers of Vlad/UBIG so from a hertz point of view it's not looking good for them as a club. Poetic Justice for the (big club)!
From what I am hearing coming from the PBS this post is very accurate.Quote:
Originally Posted by happyhibbie
Watch this space on this one.