...since you couch it in those terms... :top marks
Printable View
That's a top fact!
If they weasel their way out of relegation then the game truly is a bogey.Quote:
keith jackson @tedermeatballs 30m
Imagine if hearts weren't the only top flight club to be deducted points? How would that impact on the relegation issue? Just a thought.
Woops, that's embarrassing. Not even a typo, just a complete brain fart.
I'm not going to pretend to be an expert on the subject but I like to think I have a ok idea of what happened. I'm more than happy to be put right though, everyday's a school day. :greengrin
A quick Google search informs me that I really didn't (and still don't really) know what receivership is but it will suffice to say I thought it to be a lot more like administration than it actually is. Hence the scenario I outlined. I now realise why that might have come across as nonsense.Quote:
Pray tell, oh wise one, WHY would Hibs have received the penalties you mentioned above for an Administration event if they did not even go into Administration? You seem to be perpetuating Yam fantasies of the events of the time, things that never happened.
That said, surely if the SFA are going to be tough on clubs that aren't careful financially Hibs would have been disciplined in some way, if we're going down that route? What about entering receivership? Although an act of necessity, the SFA can't be seen to let clubs get themselves into that sort of situation unpunished.
Perhaps the Hibs example was ill-thought, I was trying to frame the debate in a manner that would get people to see things a bit differently.
We're going off the original point though; I agree with NandoTM that clubs need to be strongly disincentivised from being financially reckless and there have to be strong penalties for teams that attempt to shed debt in the way Hearts have done. However, the potential for destroying any club's chance at finding new investment as well as essentially punishing supporters that may (not in Hearts' case I realise) be totally blameless is not, in my view, the way to do things.
Financial Fair Play was never designed to stop teams from going bust. It was worked out by the former G14 clubs to protect their cartel and avoid any challenges from upstarts.
It would do very little about a club such as Hearts. The Yams would probably pass the FFP regulations over the past three years. You are allowed to lose 45 million Euros over three years study period. Plus all wages on pre-2010 player contracts can be disrearded for the 2010-2011 season. All spending on infrastructure and player development is also disregarded. Hearts have been losing around £7 million a year so would pass FFPR rather easily (if they had stayed out of administration.
Man United and Arsenal are up to their neck in debts but pass easily. Meanwhile Man City are totally debt free and are heading for prifitability in the current financial year but are under threat of sanctions. Also Liverpool, who failed FFPR are not being investigated because they were not competing in Europe this current season. Go figure!
Chat doing the rounds is killie have had an improperly registered player and games involving him may suffer points deductions. Started with keith Jackson though so not convinced but others picking it up now too. Could get messy considering the danny wilson registration fudge at start of the season.
Dailly record back page tomorrow apparently.
Sent from my GT-I8190 using Tapatalk
Barry doesn`t seem to think the shares need released by a court. Done and dusted by the end of next week apparently... :coffee:
http://www.edinburghnews.scotsman.co...over-1-3386835
Whats the odds on a Hibs derby win and opposition against the share transfer both on the same day?
See this Hearts supporting fanny still implying Vlad was only criticised because he was foreign, doesn't actually mention what happened to Hearts 'share issue'.
Ewan Murray (@mrewanmurray)
24/04/2014 16:58
I see headlines of Aberdeen planning a share issue to help with a £16m debt and stadium plans. Just as well their owner isn't foreign...
The EEN article has my head spinning.
Were FoH not named preferred bidders in the CVA? How come there is no mention of them except as potential recipients of Budgie's shareholding at some point in the future?
How does the transfer of UBIG/Ukio shareholding to BIDCO sever all ties with eastern Europe when Vlad's relative still holds 15% of the shares?
Why do BDO simply disappear to allow Budgie a free rein? Surely as administrators they will be involved (and paid) until they have been rubber stamped by the Court of Session?
If Bawwy was looking for a good news story he could have done a lot better.
Tell prick Ewan Murray that his hero Vlad has shafted Edinburgh Council for a confirmed £ 33,484.14 for unpaid business rates at their Ukio Bankas office in Castle Street. If the Bank had got a decent price for its security over the PBS our council might have seen some of the cash.
Now we are all a little bit poorer thanks to the Gorgie thieves and their accomplices.
[QUOTE=Weststandwanab;3981773]My question was tounge in cheek but thank you.
is your tounge inside your moungth?