It would be sold to the highest bidder, and UKIO (not UBIG) would get the first £6.8m after the liquidator's fees.Quote:
Originally Posted by SiMar
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It would be sold to the highest bidder, and UKIO (not UBIG) would get the first £6.8m after the liquidator's fees.Quote:
Originally Posted by SiMar
But dont you know that in 5 years they`ll be fan-owned which`ll easily give them the cash they need to take on the Old Firm, win Scottish Cups every year and tussle with the might of Europe in the Champions League. They`re going to need that new stand if their going to try and squeeze some of the 400 000 in.Quote:
Originally Posted by Ozyhibby
Dont dare think for a moment they`ll go the way of Dundee, another big club who cheated, who now dont have a pot to pish in and who`s fans said that.......(what`s happened to them).......wouldn`t happen to them.
I've not had a look over there for a while, does the question of how they're going to pay for a new main stand ever come up?Quote:
Originally Posted by Ozyhibby
And who's fans never miss an opportunity to tell people they are the BIG club in Dundee despite all the evidence to the contrary.Quote:
Originally Posted by SurferRosa
Just on my way back from Weegieland where I caught with a friend who is unfortunately a fan of The Rangers and as sensible a person as you would expect to meet.
He genuinely believes that that Championship will be a better league than the SPFL next season with them, Hearts, Dunfermline, Falkirk and Hamilton. He no doubt recalls those days of yesteryear when a match between Rangers and Hamilton was an eagerly awaited fixture.
Football fans in denial are a curious beast are they not ?
Their scouts will be watching the summer World Cup games in Brazil to line up transfer targets for the team next year. It will soon be forgotten that hearts stiffed players for their wages or docked them by half in "voluntary" agreements with the big team. As for the new stand, the pencils will be lined up for sharpening at the top architecture firms in Vienna, Shanghai and Singapore.Quote:
Originally Posted by SurferRosa
Pretty much. But the question that could then be asked would be that were Pompey liquidated simply because it had no effect on their league position? Whereas Hearts, under current rules, could find themselves at the bottom of the pyramid structure despite being in a near identical situation to Portsmouth. If I was at all cynical it would appear from this that the difference in league rules is their main motivation to get the shares unfrozen, and trying that bit harder this time.Quote:
Originally Posted by Weststandwanab
Just throwing it out there. :cb
There is no doubt in my mind that they (BDO, at least, and probably the UBIG admins as well) will be trying their best to have the shares unfrozen. Perhaps, as you say, those efforts will be greater than they were at Portsmouth. However, Bryan Jackson has consistently said that getting the shares will be his toughest job. Given BDO's previous with Lithuania, he'll know how hard that is.Quote:
Originally Posted by Kaiser1962
Try harder , how ? say please, please, please let us have our shares instead of just please can we have our shares like Pompey must have done.Quote:
Originally Posted by Kaiser1962
Does anyone have a link to the Chris Robinson report on the state of the PBS that was being quoted on here a couple of days ago.
There is someone I know who should be given a copy . :wink:
http://www.zinescene.pwp.blueyonder....MOBpurpose.htmQuote:
Originally Posted by greenginger
A valid point and I would suggest had the position in Scotland been the same as in Englandshire then we would be in a different place by now.Quote:
Originally Posted by Kaiser1962
absolutely and . I still think he could run out of cash before the freezer opens.Quote:
Originally Posted by CropleyWasGod
Tell your friend that Admin 2 is just round the corner.Quote:
Originally Posted by Seveno
Typical bowling club officiousness in that. No doubt they had a point to make, but the mangled English makes it eye bleedingly difficult to read.Quote:
Originally Posted by Brummie_Hibs
In fairness its not BJ or BDO who are saying that this is a done deal. Its others who seem to conveniently forget the shares are frozen and disregard the similarities with the Portsmouth situation because it suits then to do so.Quote:
Originally Posted by CropleyWasGod
They might add another please. That could clinch it. :greengrinQuote:
Originally Posted by greenginger
It's fair to say that Chris Robinson overplayed his hand.Quote:
Originally Posted by Filled Rolls
His document kicked off a long running debate about UEFA compliance for football pitches, yet in recent seasons Tynecastle has hosted Europa Cup ties against both Liverpool and Spurs. FWIW they lost a row of seating or two but no great hardship.
The Potsmouth shares are still in the freezer. A Newco was used.Quote:
Originally Posted by Kaiser1962
Quote:
Originally Posted by Weststandwanab
:agree: Well and truly.......
Attachment 12040
Oi! Some of us "guests" are just too lazy to log in (until 2 mins ago so I could reply to this!):greengrinQuote:
Originally Posted by Mikey09
Ps just noticed you said "some", so I'm withdrawing my mock indignation!
If Hearts end up liquidated and the PBS land is sold off separately, would Iceland be considered preferred bidders on account of the frozen shares?
The LT court has already set a precedent as far as frozen assets are concerned. I fail to see why they would do an about face for hertz when the circumstances are virtually identical to Portsmouth's.
Any yams looking in really need to consider this and start preparing for a massive let-down in 6-8 weeks....or whenever the timescale is extended to, as it inevitably will be.
That so deserves a face palm smileyQuote:
Originally Posted by Dashing Bob S
If the meeting to decide this is 'scheduled' for some time in March (though I've always thought that scheduling meant putting in a specific date, and they don't seem to have the courts agreeing to any meeting), it gives them a maximum of just under six weeks for this to take place.Quote:
Originally Posted by Jack Hackett
I reckon there will be all sorts of panic and the sound of **** hitting fans as we get into the second week in March and there's still no date announced.
Interesting report..."length is a problem"
LOL!
Tam might fancy a bid, Farmerfoods mibbes?Quote:
Originally Posted by Dashing Bob S
And every night, just before drifting off to the land of nod, a little smile appears on my face reassured in the knowledge that this is so.Quote:
Originally Posted by Weststandwanab
That's how I see it. I cant see how they could reasonably justify unfreezing Hearts having already refused Portsmouth allowing them to be liquidated.Quote:
Originally Posted by Jack Hackett
Thanks. Now you say it I actually knew that ;-)Quote:
Originally Posted by CropleyWasGod
Was just the Budge will pick it up on the cheap when the big L hits posts that got me confused.
I would suggest the big L would do the opposite...for anyone wanting to buy the PBS for footballing purposes would have to fight for it on the open market. Surely that would be far higher than the £2.5m suggested so far.
I think they had to get dispensation to play their Euro ties at the PBS. It was all right for the wee cup but when they are in the league sections and knock-out stages of the Champions League they will need a compliant ground. :greengrinQuote:
Originally Posted by jacomoseven
The financial detectives are digging.
http://translate.googleusercontent.c...D-A-9PdFCiolqw
For Economy Bank read UKIO.
" Currently all the bankrupt bank's economic data is in the hands of the State "