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Did anyone else expect them to react any differently? You only need to look at the lack of apologies from Sevco for a precedent. Loads of backslapping about how they dodged a bullet and stiffed the creditors . However let's see if their self owned club ever materialises or if a couple of years in the Championship kills their appetites for that. How long before they are screaming for Budge or someone else to pump millions into their club as per Sevco. ****ersQuote:
Originally Posted by gr72867
Apart from when he said there was no way whatsoever, that UKIO/UBIG would accept the CVA. Never ever ever ever. Which is the main crux of the whole matter, and although he was right about there not being a creidtors meeting, it didn't really matter in the end did it?Quote:
Originally Posted by brog
Spot on sir.Quote:
Originally Posted by Ozyhibby
Wouldn't expect any more from Millipede, that's what he does - smiles, grits his shiny gnashers and lets the manure squirt through.Quote:
Originally Posted by greenpaper55
Mmm, Joan of Arc. Like Mercer she had "visions" and things didn't exactly turn out great for her.
Burned at the stake at the age of 19. Not a good comparison really as I doubt the jambos will immolate her, even when they rage at her thrifty budgeting, and she hardly looks a teenager.Quote:
Originally Posted by Kato
How would you like your stake, Joan....I mean, Anne?
http://www.edinburghnews.scotsman.co...aved-1-3379492
Councillor Milligan also states........."this is just start of the process of rebuilding Hearts, we need to look at the stadium and what the realistic *ambitions are for the club.” Who is WE?
Also check out comment 3, apparently nobody was cheted out of money it's just normal business losses in administration.
You and me. We'll help pay for it.Quote:
Originally Posted by Spike Mandela
It's for the good of the community ye know :wink:
More from the EN or should it be called the evening jambo ?
http://www.edinburghnews.scotsman.co...saga-1-3379498
It would seem they only got this through by telling the Liths that this was the best deal also Salmonds murky hand in the matter.
I'm just waiting on the "we'll win the champions league within 10 years" story.
Whats the odds on admin2 coming soon?
This prick ought to know that WE as in hibs.net and UEFA will be watching to make sure that NO local government money is used to subsidize a cheating football club like Hearts. Platini will be watching like a hawk after he reads this thread. :greengrinQuote:
Originally Posted by Spike Mandela
Us, the common or garden Council Tax payer - AKA "The Ordinary People", AKA "The Mugs."Quote:
Originally Posted by Spike Mandela
The good news is Neil Patey doesn't expect any problems with the deal being concluded............he is ALWAYS wrong.:cbQuote:
Originally Posted by greenpaper55
“Hearts will become the biggest fan-owned club in the country which I think is a great step forward and other clubs like Kilmarnock and Rangers are looking at us with envy."
Did Kilmarnock not just come to some deal to help clear their debt?
:top marksQuote:
Originally Posted by Ozyhibby
If they don't increase their squad budget and they waste any of what they do spend on the Nose, they won't be coming up any time soon either.
****in' fat pishy prickQuote:
Originally Posted by EdinMike
By stealing tens of millions of other peoples money and paying for a team they couldnae afford with it. Still nae remorse or contrition from any of these ****bags, just gloating about what they've done while shafting others.Quote:
"We won the Scottish Cup twice,
I notice the thread title has been changed to remove chat about frozen shares, why? Does this not apply anymore?
I noticed that as well, i wouldnae let him find house insurance for me !.Quote:
Originally Posted by Spike Mandela
the deal is done; Fat Salmond intervened and saved them.Quote:
Originally Posted by Cabbage East
Sergey was right all along that UKIO/UBIG were not really happy and willing to accept; Clearly they've been forced too. (which ties in with the sudden acceptance and no apparent meetings).
Politics and Football eh ?
By the by... I would advise not even looking at an "Evening Jambo" tonight..
Attachment 12441
Spot on.Wouldn't have been done if it was us. We are looked down upon by the establishment, who will pay any price to have us defeated, usually unfairly.Quote:
Originally Posted by Craig_in_Prague
What's all this? I just logged on and swallowed hard when I saw the thread title! Have those ***** received a last minute pardon from execution?
Don't tell me they're going to escape with just a relegation. Please don't!
I too am concerned that this potential Titanic sinking iceberg seems to have melted to a pile of slush. Was very much looking forward to the frozen shares test. Like the CVA creditors meeting, it seems to have been circumvented by deals struck behind closed doors. Perhaps it was always thus, and this is the sad lesson of this sordid little affair.Quote:
Originally Posted by Cabbage East
Still:
-relegation
-working within a reduced budget
-more farce ahead as FOH try to get the club from BIDCO
-more farce as FOH try to run it
-and still having them around for a derby
-potential for club to further discredited as case against UBIG unravels
Is not a bad haul.
Some astonishing quotes on there!Quote:
Originally Posted by greenpaper55
1. They believed a deal with the Lithuanians was all but dead as late as last week; This 100% confirms Bajillions information was accurate.
2. BDO go-betweens were tasked with persuading creditors that the deal was “best value” and a fair price for the club and assets. Uncertainty tainted the negotiations right up until the deal was signed and it is believed “rogue Hibs fans” had been “a distracting” influence by “writing directly” to the Lithuanians accusing BDO of fraud and suggesting assets had been heavily undervalued.A source said: “That was difficult because, unfortunately, it was taken seriously. It was a nuisance value because BDO had to answer those things and even had to find out who were writing them.”
This last statement is incredible & if true could land BDO in trouble.
3. But the News has been told UBIG’s main creditor had flatly refused the deal initially and had to be persuaded with pressure from UK Ambassador to Lithuania David Hunt.
Hopefully that creditor, presumably Siaulius, may still query the deal before April 27.
When PBS is sold for £10m in a few years I hope the Liths declare war on Gorgie! :greengrin
Through the heart :rolleyes:Quote:
Originally Posted by CropleyWasGod
Dundee United and Aberdeen didn't 'wildly overspend' - their debts are/were a small fraction of the amount HoMFC (IA&R) failed to pay back to their creditors over the years. In stark contrast to Hearts and Rangers, United and Aberdeen have managed their finances responsibly and honourably - that includes negotiating an early settlement discount with their banks when they were able to make better financing arrangements.Quote:
Originally Posted by southsider
As far as the banks are concerned they've got money in now instead of possibly years hence and possibly never. No doubt Rangers and Hearts disgracing themselves had an influence on the deals since they made Scottish football in general look higher risk meaning the arabs and the dons probably got a better deal. This sort of arrangement is made every day and there will be absolutely no effect on anybody's bank charges. Both clubs can be proud of their actions and deserve all the congratulations they got - I would love to see Hibs do something similar.
'Championship' more like.Quote:
Originally Posted by Waxy
No where near the levels Hearts did. They were able to re-finance because paying it off was possible.Quote:
Originally Posted by southsider
No financial instituation would have advanced Hearts the £30m they needed to pay there's off
But I can't hear what you're saying :whistle:Quote:
Originally Posted by Kato
I wonder if BJ is looking smug because BDO now look likely to get a sizeable wedge of money or is he just comfortably numb :wink:
Lots of money for him, his firm and carefree coz despite him/BDO telling lies and being unethical during this whole process - When you have the support of Scottish government, then no wonder he is smug.Quote:
Originally Posted by dangermouse
This CVA would have failed if it were any other club.
We laugh at them for calling themselves a big club, but I'm afraid we'd never have gotten the same political support.