Definitely, and agreed, they wouldn't give a *****, to turn a profit. Their online portfolio is quite impressive too.
GGTTH
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Apologies if the answer to this question has been posted previously (believe me - I do try to keep up, but this story is the gift that is too generous!);
what mileage is there in the stories which went about recently about planning permission on Tynecastle? Can the land be sold on the open market or are there 'restrictions'?
It's ok, this keeps coming up.
In the sales particulars for the old school (which is right next door to the ethanol tanks) The council have stated
McFarlan Smith are no longer an issue (due to changes in use etc within the plant)
The ethanol tanks from british distillers do still come into play, although this impact may be reduced ( last I heard from an employee only one of the tanks are in use.)
For the school, the development can be offices (max 3 floors and something like 200 staff), retail outlets or storage.... This is more strict than the stadium which is further away. The plans showing the zoning impact on the stadium indicate it just the north west corner that's actually impacted.
On iPad so don't have it to hand but I have a map which I'll post later that shows the current position.
One other thing to add is that BD actively want to move their operation out to the site at Addiewell so all the above could disappear as an issue... That's why BD had agreed to move and finance half the costs when the yams were talking about redevelopment.... If the buyers of the school and the stadium were to share costs (unless they end up being the same company :D ) then they could relatively easily make all this go away!
Thanks for that. If I can paraphrase, what you are saying is that worst case scenario, the NW corner (of the land at Tynecastle) could be used for storage, retail, office etc while the remaining land could be used for anything (say, housing :wink:)?
mmmm..... A new flat/housing development plus a Tesco Express? :hilarious
This is gold dust. A typically deluded and verbally incontinent Yam I occasionally speak to is spouting loads of pish about the land not being available for development. This should shut his coupon up for a while...
Consequently, this means that the Lith admin would be mad (and/or criminally negligent) to refuse the market value (or £6.8M min) as a deal for CVA?
Check mate.
:thumbsup:
here's the plan which shows current impacted area (the Yams have this info, they just keep brushing it under the carpet)
Attachment 10748
Bathgate at it again http://www.scotsman.com/sport/footba...eded-1-3022590
He has become the mouthpiece for the yams, he should stick to his beloved rugby as he knows nowt.
I would have thought that that would be the minimum price they should be looking for.
And then of course there's the question (which the administrators as far as I'm aware should definitely address) of how much more the buyer has in his kitty to actually run the club after he buys it?
Or am I wrong?
So. In order to get the Plummets onside any developer should do the following.
Name the new development Tyncastle Park Estate. Roads should John Robertson Avenue, Inoorshadow Lane and so on. Number them all 15 (A, B and so on) Then they can start a Freedom of Housing group and can continue to sqaubble and waffle about taking it all over. A wee memorial to our great war saviours would be a nice touch. Maybe a giant poppy. Where they can reflect on past glories. Hubris come to mind and the fact that is is an anagram of Ur Hibis is a nice touch.
Just a thought:flag:
Its not really hard to get round it. If you bought the land, flatten the ground and tar mac it and run it as a private car park for a few years. Wait 3 or 4 years till land and house prices increase then build on it. By that time the council would all but grant you planning permission as they would rather have trendy flats on it rather than an ugly car park.
Any reason why BDO have not published a report on all the debts Hearts had at the point they went into admin or is it too soon?
Also, have they given a guide as to who exactly gets to vote on the CVA proposal?
There is...
The position is that the distillery WANT to move the function/tanks to Addiewell but can't afford to do it on their own.... the original agreement was for the Yams to pick up half the cost. They'd still keep the rest in place (no more moving ethanol in tankers through the streets of Gorgie tho!).
And just to be clear the separate issue with McFarlane Smith no longer exists.
Personally i've nae problem wi Bathgate, Anderson, Fatty Foulkes, Cardownie et al trying to save their club. So long as its not out the public purse or that they are getting preferential treatment compared to us.
Its funny that the hahahawrts support have 'played possum' for years only to wait for the ship to sink to start desperately thrashing about in the water. Cause that only attracts the sharks! :-)
Me neither. However the abuse of their positions and lies is not on.
Foulkes : "I will be speaking to the Lithuanian ambassador".
Banderson : Too many but the "Wonga million" is the cherry on the cake.
Bathgate : Thinks he is is editing a fanzine in his last two columns.
I'm sure the joint cost was £2M for the move.
£1M for a big increase in land value, and it would remove the hazard on the old school which is currently for sale. £500K each seems a decent option.
Just to be clear Sidney, the SAE goes inside the letter.
Although the other option might be the only way to get a reply.
Meeting of creditors to be held on 12 August.
Just been advised, and have BDO's report.
More anon.
Question... how does one attach a PDF here?
Mail it to [email protected] if you can't.......... erm.......... get it up :greengrin
Attachment 10751
Here you go. Knock yourselves out.
Anyone willing to summarise? Can't see it on my phone.
Cant on my phone either. Much frustrations. Missing much juicyness. Spill please.
They're due money to Lady Haig's Poppy Factory :Ummm:
EDIT - And McCrae's Battalion Trust.
Tynecastle valued at £13m?
Interesting.
If Tynecastle has a book price of £13,750,000 how much is the land really worth?
Owe Heriot watt £145k.
Also stiffed the red cross. Shameless.
Some interesting stuff in the creditors list.
£146k to Heriot Watt
£46 to Liverpool
£5k to Musselburgh Atheltic
£18k to the Police
£12k to Stenhousemuir
£90k to the Council
they owe the SFA ? lol
Lady haigs poppy factory in there as well.
90.7k due to the council plus another 2.6k for flats
Only £56 for TNT though - must have been that planning application.
They have been collecting money for their big hearts charity and spending it on players wages, what a disgusting shameless bunch of cretins they are.
Because if you want the truth you know where to come :wink:Quote:
Originally Posted by Some Dick On Kickback
So they owe just short of £28.5m in total
Money owed to The Rangers Football Club (c/o BDO) £1,410
Well they owe that one to themselves!
By the way, guys, somewhere in there, BDO say that more creditors are expected to be added.
Stenhousemuir F.C. £12k
I wonder if the Scott Wilson owed £1000 is the same roaster who announces to everyone that it's another sold out Tynecastle (when you can clearly see lots of empty seats).
Always pretty disgusting when you see these lists and they have been trying to sign players.
So the 'Big Hearts community trust' was actually collecting money for the club to spend on players?
Bit naughty.
So included amongst the creditors are; various NHS boards, Edinburgh City Council, Police Scotland, Heriot Watt university, various charities including those affiliated to themselves, lower division football clubs, ordinary supporters. And all this while attempting to sign more players and actively increase their wage bill.
They are a vile, disgusting club and I hope that they die soon.
Also worth noting a couple of creditors on the last page there - Savills and one Scott Wilson :greengrin
Disgraceful.
Maybe I Murray MP and Lord FFSake can be prevailed upon to start a campaign to ensure that charities are refunded 100p in the £.
BTW, is there a figure for what is owed to HMRC? Looks like they have stiffed us taxpayers for £18k (polis), £90k (Cooncil) and £145k (HWU - an organisation that relies on public funding for a high amount of its annual income, so we'll end up picking up this one way or another).
Cooncillors also need to be questioned about why the Yams have been allowed to run up debts of £90k, when their credit rating must have been negative for quite some time now.
the issued share cap is £146 million???? Is this the true value of the amount the Liths have been stiffed for?
Total debt = £28.99 million.
Nothing left for the unsecured creditors after secured creditors (Ukio) taken care of.
As others have said, totally shameless depriving the public purse, other clubs, charities and small businesses of literally millions.
But, hey ho, 1-5, 1902, "it's all been worth it" and all that. Big team?
Edinburgh's Big Disgrace more like.
Think I saw £1.8 million mentioned somewhere.
Noticeable that they owe UBIG £8m - down from the £10m that it was earlier in the year. So while they were stiffing charities and community football clubs and selling non-existent shares, Vlad and Sergey were raking back as much as they could. And UBIG are now insolvent, so there's no chance of raking it back as a preferential payment.
Shred-It (East Of Scotland) Ltd - £457.20
Who are these guys that hearts are due over a half mil to? Ensco 396.
http://www.companieslist.co.uk/SC444...co-396-limited
Football debt £535k. There's a nice little hole in a newco balance sheet there.
There was another document lodged at Companies House that day titled;
"NOTICE OF INSUFFICIENT PROPERTY FOR DISTRIBUTION TO UNSECURED CREDITORS OTHER THAN BY VIRTUE OF S176A(2)A"
Do any of our insolvency experts know why such a document would be lodged?
There's a number of individuals named as owed £100.
Looks like they asked for their share money back too late.
Think how old some of these debts must be as surely very few would've given them credit in the past couple years.
BTW, if folk are wondering why this document was released now, it was prepared in case Ukio had accepted any of the bids made last week (26 July). If they had accepted then they would have proceeded to a CVA vote within 14 to 28 days.
As it is, the meeting on 12 August will now just decide whether to appoint a creditors' committee, as the administrator doesn't yet have an agreed proposal for the creditors to consider.