Share Transfers Agreed/Cooling off period

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Originally Posted by Hot Shot Hamish

When Romanov was looking to take over a Scottish club his "people" made contact with a few clubs one of them being Hibs. One of the Hibs board approached my source and asked him if he could make a few enquiries into Romanov. The result of his enquiry was DO NOT TOUCH HIM WITH A BARGE POLE.

Lo and behold a few months later the Mad One was in the hot seat at Tynie. :lolyam:

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I remember a story at some point confirming that Romanov had also approached Dunfermline and a few other clubs in the scottish leagues at the same time with an offer to get Lithuanian players in from Kaunas to get exposure in british football and sell them on for profits which would be split between him and the club and everyone, apart from the yams, told him to bolt. :faf:

The three other clubs were, Dundee, Dundee Utd and Dunfermline.

Didn't realise Caversham had already outlined a similar scenario, so credit where it's due.

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Originally Posted by Jack

I think folk are deluding themselves :D :D :D if they think Massone will sell anything for a nominal amount. The guys a proven shyster and will cream* them for all he can, in a blackmail sort of way. See selling Livvy as an example.

* Should of course be milk but we all know they are considerably thicker than that :)

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It's a different situation this time because at Livingston the value was all in the club as Almondvale is owned by West Lothian Council.

Now the money is to be made on selling the PBS for housing, and the sooner the better for Massone because he'll have to borrow the money to acquire the site. If he attempts to screw Save Hearts In Trouble for £500k then they will lead the objections to planning consent which will draw out the process and result in various appeals before Massone finally gets his way. But if he gifts them the hoofball club for a nominal quid in exchange for their support, it undermines any individual objections when the club owners are supportive of the change. It also makes it harder for the fans opposed to the move to raise funds for the legal costs involved in any objection.

This would also suit the property developers as they can be seen to only get involved once planning permission has been given and so can avoid any negative publicity associated with being the ones applying for the change of use.

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Originally Posted by poolman

Yams thread on this boakingly cringeworthy

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This is my favourite, so far-

Jam Tarts 1874

• Reserve Team
  

Posted Today, 07:40
Romanov's only crime as far as Hearts is concerned is not having his businesses sufficiently diversified to cope with the credit crunch in 2008 and subsequent economic downturn.

He may well be guilty of mis-appropriating Lithuanian tax payer's money, only time will tell on that one.

Way back to when Csaba was manager, Romanov was already warning about having to cut costs. No-one was listening it seems.

Romanov did not put Hearts into administration, those fans who stopped supporting Hearts last season, did not buy shares in favour of pledging to FoH and did not buy season tickets if favour of pledging to FoH are who put us into administration. The full houses that Fedotovas pleaded for, 1,000 more shares sold and 1,500 more season tickets sold would have seen us survive into the new season with many players off the wage bill and an opportunity to have an orderly takeover of the club.

Robinson killed Hearts, Romanov gave us an extra 8 years, no-one should forget that.

:jamboak:

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Originally Posted by Dirkster23

This is my favourite, so far-

Jam Tarts 1874

• Reserve Team
  

Posted Today, 07:40
Romanov's only crime as far as Hearts is concerned is not having his businesses sufficiently diversified to cope with the credit crunch in 2008 and subsequent economic downturn.

He may well be guilty of mis-appropriating Lithuanian tax payer's money, only time will tell on that one.

Way back to when Csaba was manager, Romanov was already warning about having to cut costs. No-one was listening it seems.

Romanov did not put Hearts into administration, those fans who stopped supporting Hearts last season, did not buy shares in favour of pledging to FoH and did not buy season tickets if favour of pledging to FoH are who put us into administration. The full houses that Fedotovas pleaded for, 1,000 more shares sold and 1,500 more season tickets sold would have seen us survive into the new season with many players off the wage bill and an opportunity to have an orderly takeover of the club.

Robinson killed Hearts, Romanov gave us an extra 8 years, no-one should forget that.

:jamboak:

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Wind up, Stockholm syndrome or weirdo. You decide

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Originally Posted by Dirkster23

This is my favourite, so far-

Jam Tarts 1874

• Reserve Team

Posted Today, 07:40
Romanov's only crime as far as Hearts is concerned is not having his businesses sufficiently diversified to cope with the credit crunch in 2008 and subsequent economic downturn.

He may well be guilty of mis-appropriating Lithuanian tax payer's money, only time will tell on that one.

Way back to when Csaba was manager, Romanov was already warning about having to cut costs. No-one was listening it seems.

Romanov did not put Hearts into administration, those fans who stopped supporting Hearts last season, did not buy shares in favour of pledging to FoH and did not buy season tickets if favour of pledging to FoH are who put us into administration. The full houses that Fedotovas pleaded for, 1,000 more shares sold and 1,500 more season tickets sold would have seen us survive into the new season with many players off the wage bill and an opportunity to have an orderly takeover of the club.

Robinson killed Hearts, Romanov gave us an extra 8 years, no-one should forget that.

:jamboak:

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That is staggering in its delusion and sheer stupidity. I cant get over the fact that so many of them believe this sort of ill-informed pish......' if we`d just baked a few more flapjacks and cherry bakewells then we`d have avoided admin and all would have been barry '...........truly astonishing.

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Originally Posted by Dirkster23

This is my favourite, so far-

Jam Tarts 1874

• Reserve Team

Posted Today, 07:40
Romanov's only crime as far as Hearts is concerned is not having his businesses sufficiently diversified to cope with the credit crunch in 2008 and subsequent economic downturn.

He may well be guilty of mis-appropriating Lithuanian tax payer's money, only time will tell on that one.

Way back to when Csaba was manager, Romanov was already warning about having to cut costs. No-one was listening it seems.

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That bit beggars belief.

The worrying thing is, given the crippling ignorance of the Hearts fans, I think that guy is being serious.

Apparently the £50m was actually 50m Lita and refers to an amount he's accused of embezzling. (about £12m).

The mad one also approached Celtic, was told straight away to beat it.

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Originally Posted by Newry Hibs

Had a look at this and agree.

There are a few that recognise him as bad for Hearts, but they are soon reminded of the glory days etc and that actually they are Hobos anyway.

One comment, though, was about Burley and THAT night in Diggers. Any ideas?

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I drink in the Diggers

I'll do some fishing

They really are the **** of the earth. Check this quote from I.J.

"Mr Romanov has probably never even heard of this.

I've spent the last 8 years hearing from the kind of people to whom tying shoelaces is a degree that "LIFFUANYA" is a backwards country with no law.

The man who saved Tynecastle - "Mr Hearts" as he will always be known - is gonna be just fine.

Just fine".

Is this guy for real??

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Originally Posted by SurferRosa

This is a big part of the story that the MSM seem to be ignoring. The lives ruined and the trail of misery left by Vlad right across Europe. Misery caused by Romanovs greed and which the Hearts board colluded with. Who gives a monkeys about people losing their jobs, their savings and businesses and charities not getting paid........" we won two cups and finished second once.........1902, wee team, 5-1 etc...".

If Hearts survive in their present form ( and by that i mean if they dont reform as a NewCo ), they will, as far as i`m concerned, be known forever as a tainted disgrace.......cheats, swindlers and liars.......the club who didn`t pay the Red Cross and the Poppy Factory.

( and they can harp on forever more about the poppy wreaths being paid for.............Hearts FC, the club, NEVER paid that money back )

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:agree:

They are behaving like naughty kindergarten kids who have been found out and who are being told off but who think if they stand long enough with their eyes shut tight and their fingers in their ears singing "la, la, la, la, la" at the tops of their voices, it will all just go away.

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Originally Posted by poolman

I drink in the Diggers

I'll do some fishing

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Anyone drink in somewhere call Fisher's?

They could do some digging. :greengrin

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Originally Posted by Ozyhibby

Let's hope he's good at hiding. The longer he's on the run, the less chance the shares will be unfrozen.

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I hope they've checked the loft at the Ann Franks Museum!

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Originally Posted by Spike Mandela

Probably run with the 'Hearts as victims of a con man' angle.:rolleyes:

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:agree: Everything about this sordid affair is about self-interest. The Yams are only interested in saving their ***** and getting Tynecastle for the lowest price possible. The Edinburgh politicians are only interested in not upsetting voters or better still being party to "saving" the club. The press are only interested in circulation and will not - when push comes to shove - upset the Yams who might buy their scrawny rags. The SFA/SPL are only interested in sponsorship money and not upsetting the OF.

Romanov, UBIG and the creditors are not UK consumers or voters and so are fair game UK politicians and the press. Why would they go out of their way to side with them or even attempt to get to the sordid truth ?

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Originally Posted by Sergey

<cough> I posted this on the PM forum a month ago.

He (VR) was last seen in Grozny - Roman is in London and Fedotovas is 'missing in action'.

In Lithuania I Trust.

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For a measly £10 you too could have known about this on 26th June when Sergey broke the news. :wink:

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Originally Posted by Onion

:agree: Everything about this sordid affair is about self-interest. The Yams are only interested in saving their ***** and getting Tynecastle for the lowest price possible. The Edinburgh politicians are only interested in not upsetting voters or better still being party to "saving" the club. The press are only interested in circulation and will not - when push comes to shove - upset the Yams who might buy their scrawny rags. The SFA/SPL are only interested in sponsorship money and not upsetting the OF.

Romanov, UBIG and the creditors are not UK consumers or voters and so are fair game UK politicians and the press. Why would they go out of their way to side with them or even attempt to get to the sordid truth ?

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HMRC?

The Police?

Big Hearts Trust?

The hundreds of local small local businesses?

There's probably £3-5m worth of UK cash there.

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Originally Posted by jgl07

Where is the SPFL money to come from as they currently do not have a sponsor.


Massone seems to be the only show in town.

I still think that liquidation is a more likely outcome.

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Particularly with the Hootsman campaign to get Massone out.........it leaves only FOH, who with the funding that they have almost makes the UBIG administrators choice an easy one, liquidation looms ;-)))

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Originally Posted by Hot Shot Hamish

The three other clubs were, Dundee, Dundee Utd and Dunfermline.

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Im pretty sure Thompson at Dundee United informed him to " go chase yer sel"

Apologies for the poor grammar in the following. It wasn't my doing, honestly. This just popped up on my Facebook newsfeed from a page called "Hearts Volunteer Fans", as a friend had commented on it. It is, quite frankly, bizarre, although does fit with the typical yam premise of arranging meetings to discuss meetings and planning for further meetings etc, etc, etc. Here goes:

Hi,
Just to let everyone know, we were approached by Hearts this week seeking direct aid, with two matters. While I understood the basic premise of the sort of aid they are seeking, I simply needed a little more detail, before I could fairly request that specific help from here, or from our database. Our contact at Hearts fully agreed that we did indeed more detail, and between us, we spent ALL of yesterday trying to secure the details required. This was not possible, as the person we both needed to have a dialogue with, was simply not contactable, all of yesterday, albeit we did try, from the hours of 1pm to 6pm, we kept trying, as I wanted to put it out prior to the big kick off, and catch the momentum.
However, I have been assured that on Monday, the dialogue will happen, at which point we will be able to give you the full and complete picture, rather than bits of a story, and the inevitable questions, which, at this moment, we do not know the answers to.
Thanks

Anyone shed any light?

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Originally Posted by SmashinGlass

Apologies for the poor grammar in the following. It wasn't my doing, honestly. This just popped up on my Facebook newsfeed from a page called "Hearts Volunteer Fans", as a friend had commented on it. It is, quite frankly, bizarre, although does fit with the typical yam premise of arranging meetings to discuss meetings and planning for further meetings etc, etc, etc. Here goes:

Hi,
Just to let everyone know, we were approached by Hearts this week seeking direct aid, with two matters. While I understood the basic premise of the sort of aid they are seeking, I simply needed a little more detail, before I could fairly request that specific help from here, or from our database. Our contact at Hearts fully agreed that we did indeed more detail, and between us, we spent ALL of yesterday trying to secure the details required. This was not possible, as the person we both needed to have a dialogue with, was simply not contactable, all of yesterday, albeit we did try, from the hours of 1pm to 6pm, we kept trying, as I wanted to put it out prior to the big kick off, and catch the momentum.
However, I have been assured that on Monday, the dialogue will happen, at which point we will be able to give you the full and complete picture, rather than bits of a story, and the inevitable questions, which, at this moment, we do not know the answers to.
Thanks

Anyone shed any light?

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Let me just run it through a Google translator, see if it makes any sense in another language...

Quote:

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Originally Posted by SmashinGlass

Apologies for the poor grammar in the following. It wasn't my doing, honestly. This just popped up on my Facebook newsfeed from a page called "Hearts Volunteer Fans", as a friend had commented on it. It is, quite frankly, bizarre, although does fit with the typical yam premise of arranging meetings to discuss meetings and planning for further meetings etc, etc, etc. Here goes:

Hi,
Just to let everyone know, we were approached by Hearts this week seeking direct aid, with two matters. While I understood the basic premise of the sort of aid they are seeking, I simply needed a little more detail, before I could fairly request that specific help from here, or from our database. Our contact at Hearts fully agreed that we did indeed more detail, and between us, we spent ALL of yesterday trying to secure the details required. This was not possible, as the person we both needed to have a dialogue with, was simply not contactable, all of yesterday, albeit we did try, from the hours of 1pm to 6pm, we kept trying, as I wanted to put it out prior to the big kick off, and catch the momentum.
However, I have been assured that on Monday, the dialogue will happen, at which point we will be able to give you the full and complete picture, rather than bits of a story, and the inevitable questions, which, at this moment, we do not know the answers to.
Thanks

Anyone shed any light?

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So many words yet so little information

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Originally Posted by SmashinGlass

.............
blah, blah, blah
.............

Anyone shed any light?

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Yep, it's Wee Fordy/TOTT from the Scotsman forums. He hasn't yet grasped the English Language.

Quote:

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Originally Posted by SmashinGlass

Apologies for the poor grammar in the following. It wasn't my doing, honestly. This just popped up on my Facebook newsfeed from a page called "Hearts Volunteer Fans", as a friend had commented on it. It is, quite frankly, bizarre, although does fit with the typical yam premise of arranging meetings to discuss meetings and planning for further meetings etc, etc, etc. Here goes:

Hi,
Just to let everyone know, we were approached by Hearts this week seeking direct aid, with two matters. While I understood the basic premise of the sort of aid they are seeking, I simply needed a little more detail, before I could fairly request that specific help from here, or from our database. Our contact at Hearts fully agreed that we did indeed more detail, and between us, we spent ALL of yesterday trying to secure the details required. This was not possible, as the person we both needed to have a dialogue with, was simply not contactable, all of yesterday, albeit we did try, from the hours of 1pm to 6pm, we kept trying, as I wanted to put it out prior to the big kick off, and catch the momentum.
However, I have been assured that on Monday, the dialogue will happen, at which point we will be able to give you the full and complete picture, rather than bits of a story, and the inevitable questions, which, at this moment, we do not know the answers to.
Thanks

Anyone shed any light?

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It's how fans of big clubs organize meetings. Small jealous hobos like ourselves would never understand. #itsallverycomplex

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Originally Posted by keekaboo

Yep, it's Wee Fordy/TOTT from the Scotsman forums. He hasn't yet grasped the English Language.

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That guy must be the biggest welt ever to grace any forum, spends all day correcting everybody when they post something that he doesn't agree with.

Nobody else gets a point of view unless it's the same as his, total roaster. :jamboak::yw:

Quote:

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Originally Posted by keekaboo

Yep, it's Wee Fordy/TOTT from the Scotsman forums. He hasn't yet grasped the English Language.

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Aah yes, Wee Fordy.....the wee tosser fae the hootsmon forum who was proclaiming that Hearts will remain in the top league, debt free and that a wealthy consortium riding to the rescue was imminent...

Though it`s hard to decipher from that slavering drivel he doesnae appear to be so sure of his predictions now......

:faf: :faf:

Quote:

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Originally Posted by SmashinGlass

Apologies for the poor grammar in the following. It wasn't my doing, honestly. This just popped up on my Facebook newsfeed from a page called "Hearts Volunteer Fans", as a friend had commented on it. It is, quite frankly, bizarre, although does fit with the typical yam premise of arranging meetings to discuss meetings and planning for further meetings etc, etc, etc. Here goes:

Hi,
Just to let everyone know, we were approached by Hearts this week seeking direct aid, with two matters. While I understood the basic premise of the sort of aid they are seeking, I simply needed a little more detail, before I could fairly request that specific help from here, or from our database. Our contact at Hearts fully agreed that we did indeed more detail, and between us, we spent ALL of yesterday trying to secure the details required. This was not possible, as the person we both needed to have a dialogue with, was simply not contactable, all of yesterday, albeit we did try, from the hours of 1pm to 6pm, we kept trying, as I wanted to put it out prior to the big kick off, and catch the momentum.
However, I have been assured that on Monday, the dialogue will happen, at which point we will be able to give you the full and complete picture, rather than bits of a story, and the inevitable questions, which, at this moment, we do not know the answers to.
Thanks

Anyone shed any light?

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Red leader flies tonight.
Meet at the station and await big Roger.
Over and out.

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Hearts Volunteer Fans Look, let's nail this here and right now, and after which we will all know where we stand, okay?
We are not here to be called 'c***s'(as per last night), we are not here to be called 'w***s', as we were last night, nor are we here so that total strangers on the internet can abuse us, as they see fit.
To that end, all such comments will be removed as of now, because we are just not tolerating it. Or any debate about it.
End of story

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.

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Hearts Volunteer Fans We were ASKED to mention it, so that people would remember to look on Monday, esp as one of the things involves something they feel people may really want to do. The next time we are ASKED, we will just go against what we are asked. But we will be sure to run it through a spellcheck, an hour after getting out of bed, because that is the MAIN THING.

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:greengrin

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Originally Posted by keekaboo

Yep, it's Wee Fordy/TOTT from the Scotsman forums. He hasn't yet grasped the English Language.

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He REALLY likes commas, though. :greengrin

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Originally Posted by VivaPalmeiras

Red leader flies tonight.
Meet at the station and await big Roger.
Over and out.

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Broadsword calling Danny Boy ... Broadsword calling Danny Boy ...

I have worked it out. They are going to have a meeting on Monday when thingy answers the phone, the meeting was scheduled for saturday but no one could make it. We are having the meeting in a secret location in Gorgie, there is a good chance the meeting could get cancelled as we have not actually told anyone about the meeting but I can confirm we are in dialogue about it. Once we find out the right information we will tell everyone involved about the meeting. The only problem is the info is very difficult to source and me not even exist.

Makes sense if you ask me lol.

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Originally Posted by CropleyWasGod

HMRC?

The Police?

Big Hearts Trust?

The hundreds of local small local businesses?

There's probably £3-5m worth of UK cash there.

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the Lithuanuan people who have been saddled with a £200 million bill to bail out Ukio's depositors - £65.2 of losses are attributable to debts that Hearts run up over the Mercer, Robinson & Romanov years. It is Hearts that have caused an international incident not the Lithuanians!

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Originally Posted by nribs

How the **** do you hide a £50m property anyway???

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Easy if it is a submarine

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Originally Posted by desantos0773

the Lithuanuan people who have been saddled with a £200 million bill to bail out Ukio's depositors - £65.2 of losses are attributable to debts that Hearts run up over the Mercer, Robinson & Romanov years. It is Hearts that have caused an international incident not the Lithuanians!

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The current Lithuanian government recently came to power campaigning about cleaning up their banking sector, highlighting the previous governments shambolic handling of the collapse of Bankas Snoras, a case which still rumbles on after some 2 or so years. This was an important factor in their campaign prior to the elections, which they obviously won.

There is little chance that the current incumbents are going to back-pedal and let Ukio/UBIG/Yams off lightly. They're under the microscope to do what's right for the people of Lithuania, not some two-bob, bigoted, football club.

Quote:

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Originally Posted by Sergey

The current Lithuanian government recently came to power campaigning about cleaning up their banking sector, highlighting the previous governments shambolic handling of the collapse of Bankas Snoras, a case which still rumbles on after some 2 or so years. This was an important factor in their campaign prior to the elections, which they obviously won.

There is little chance that the current incumbents are going to back-pedal and let Ukio/UBIG/Yams off lightly. They're under the microscope to do what's right for the people of Lithuania, not some two-bob, bigoted, football club.

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Music to my ears!

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Originally Posted by Sergey

The current Lithuanian government recently came to power campaigning about cleaning up their banking sector, highlighting the previous governments shambolic handling of the collapse of Bankas Snoras, a case which still rumbles on after some 2 or so years. This was an important factor in their campaign prior to the elections, which they obviously won.

There is little chance that the current incumbents are going to back-pedal and let Ukio/UBIG/Yams off lightly. They're under the microscope to do what's right for the people of Lithuania, not some two-bob, bigoted, football club.

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:thumbsup:

Hawrts the BIGot Team

Quote:

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Originally Posted by Sergey

The current Lithuanian government recently came to power campaigning about cleaning up their banking sector, highlighting the previous governments shambolic handling of the collapse of Bankas Snoras, a case which still rumbles on after some 2 or so years. This was an important factor in their campaign prior to the elections, which they obviously won.

There is little chance that the current incumbents are going to back-pedal and let Ukio/UBIG/Yams off lightly. They're under the microscope to do what's right for the people of Lithuania, not some two-bob, bigoted, football club.

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Can you maybe get your wee reporter pal to remind them of this regularly. Please.

And hopefully the Lithuanian people will feel better, having lost all that money, if there is a carcass to drag through the streets,

belt and braces and all that...........

I wonder how much has been skimmed from charities before they even got to the level of debts they owe them now, despicable club, have always thought so but even more do now, best word I use to describe them is DETESTIBLE.


Sent from my iPhone using Tapatalk

Quote:

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Originally Posted by VivaPalmeiras

Red leader flies tonight.
Meet at the station and await big Roger.
Over and out.

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Over and out!

The paradox of that phrase always makes me cringe, don't know why it just does.

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Originally Posted by Sergey

The current Lithuanian government recently came to power campaigning about cleaning up their banking sector, highlighting the previous governments shambolic handling of the collapse of Bankas Snoras, a case which still rumbles on after some 2 or so years. This was an important factor in their campaign prior to the elections, which they obviously won.

There is little chance that the current incumbents are going to back-pedal and let Ukio/UBIG/Yams off lightly. They're under the microscope to do what's right for the people of Lithuania, not some two-bob, bigoted, football club.

---

This :thumbsup:

Quote:

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Originally Posted by Sergey

The current Lithuanian government recently came to power campaigning about cleaning up their banking sector, highlighting the previous governments shambolic handling of the collapse of Bankas Snoras, a case which still rumbles on after some 2 or so years. This was an important factor in their campaign prior to the elections, which they obviously won.

There is little chance that the current incumbents are going to back-pedal and let Ukio/UBIG/Yams off lightly. They're under the microscope to do what's right for the people of Lithuania, not some two-bob, bigoted, football club.

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Cruel Sergey. You're forgetting about the groundswell of popular support and love the Lithuanians have for this great club, which has its genesis in WW1 & WW2, cemented this millennium by the Lithuanian world cup stars who have graced Hearts CL winning teams.

They won't see this global institution brought to it's knees for the sake of a few million quid here or there on the balance sheet, which in any case would only have been frittered away on schools and hospitals etc. In fact, I'm betting that their parliament is actively considering a levy to help Hearts get out of their financial difficulties. The 'Yamtax' would be a popular measure and sure-fire vote winner over there, as it would be here.

Quote:

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Originally Posted by PapillonVert

:agree:

They are behaving like naughty kindergarten kids who have been found out and who are being told off but who think if they stand long enough with their eyes shut tight and their fingers in their ears singing "la, la, la, la, la" at the tops of their voices, it will all just go away.



Anyone drink in somewhere call Fisher's?

They could do some digging. :greengrin

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Must be a catch somewhere there :-)

Quote:

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Originally Posted by Sergey

The current Lithuanian government recently came to power campaigning about cleaning up their banking sector, highlighting the previous governments shambolic handling of the collapse of Bankas Snoras, a case which still rumbles on after some 2 or so years. This was an important factor in their campaign prior to the elections, which they obviously won.

There is little chance that the current incumbents are going to back-pedal and let Ukio/UBIG/Yams off lightly. They're under the microscope to do what's right for the people of Lithuania, not some two-bob, bigoted, football club.

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Sergey in your opinion does this arrest warrant make any difference to the assets being unfrozen?

Quote:

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Originally Posted by Sergey

The current Lithuanian government recently came to power campaigning about cleaning up their banking sector, highlighting the previous governments shambolic handling of the collapse of Bankas Snoras, a case which still rumbles on after some 2 or so years. This was an important factor in their campaign prior to the elections, which they obviously won.

There is little chance that the current incumbents are going to back-pedal and let Ukio/UBIG/Yams off lightly. They're under the microscope to do what's right for the people of Lithuania, not some two-bob, bigoted, football club.

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This is good news my campaign for justice will continue and news like this fuels my goal which is the downfall of the currupt yam empire built on lies fraud and injustice however i am on holiday shortly going to seaton sands caravan park so to all my followers and the guys who have pm me with support thanks guys fear not i will carry on the fight after my well earned break



:hnet:Sidney:not worth

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Originally Posted by BH Hibs

Sergey in your opinion does this arrest warrant make any difference to the assets being unfrozen?

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In my opinion (that's the disclaimer) this arrest warrant wasn't issued yesterday - it's been in place for the last 5 or 6 weeks. Cohorts of Vlad have already been pulled by the authorities, in particular, Ugianskis, former board chairman of Ukio who is in it up to his neck. The authorities are loathed to comment on their investigations, but I have it on good authority that those involved in the embezzlement are being brought to book, passports removed and placed under house arrest until formal charges are brought.

With the Lithuanian Financial Crimes Investigation Unit officially placing UBIG & Ukio under investigation (they are the equivalent of our SFO) I'd be extremely surprised if assets were unfrozen any time soon, if indeed at all. As I understand it, all cash is also frozen. I don't expect this to change in the foreseeable, and BDO's comments that administration could drag on until 2014 sort of cements this - they must have been advised of this situation, too. They have an office in Kaunas that must be in the loop and they are the chosen appointee of Ukio's admin. As I mentioned in a previous post, this is a political issue and bears sod-all to football.

There will be no 'quick-fix', I'm certain of that, and I don't think there will be a fix at all.

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Originally Posted by sidneyhibbie

This is good news my campaign for justice will continue and news like this fuels my goal which is the downfall of the currupt yam empire built on lies fraud and injustice however i am on holiday shortly going to seaton sands caravan park so to all my followers and the guys who have pm me with support thanks guys fear not i will carry on the fight after my well earned break



:hnet:Sidney:not worth

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Have they not got pens and writing paper there? :grr:

Quote:

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Originally Posted by Sergey

In my opinion (that's the disclaimer) this arrest warrant wasn't issued yesterday - it's been in place for the last 5 or 6 weeks. Cohorts of Vlad have already been pulled by the authorities, in particular, Ugianskis, former board chairman of Ukio who is in it up to his neck. The authorities are loathed to comment on their investigations, but I have it on good authority that those involved in the embezzlement are being brought to book, passports removed and placed under house arrest until formal charges are brought.

With the Lithuanian Financial Crimes Investigation Unit officially placing UBIG & Ukio under investigation (they are the equivalent of our SFO) I'd be extremely surprised if assets were unfrozen any time soon, if indeed at all. As I understand it, all cash is also frozen. I don't expect this to change in the foreseeable, and BDO's comments that administration could drag on until 2014 sort of cements this - they must have been advised of this situation, too. They have an office in Kaunas that must be in the loop and they are the chosen appointee of Ukio's admin. As I mentioned in a previous post, this is a political issue and bears sod-all to football.

There will be no 'quick-fix', I'm certain of that, and I don't think there will be a fix at all.

---

Given this has now started in Lithuania - at some point, a corresponding UK investigation will have to be commenced on what was going on at homfc?

Quote:

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Originally Posted by clerriehibs

Given this has now started in Lithuania - at some point, a corresponding UK investigation will have to be commenced on what was going on at homfc?

---

Letter to SFO Will be posted tomorrow

Sidney :hnet:
:not worth

Quote:

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Originally Posted by sidneyhibbie

This is good news my campaign for justice will continue and news like this fuels my goal which is the downfall of the currupt yam empire built on lies fraud and injustice however i am on holiday shortly going to seaton sands caravan park so to all my followers and the guys who have pm me with support thanks guys fear not i will carry on the fight after my well earned break

---

Happy holidays Sid, stay out the sea down there, but if you do go in watch out for the submariner,an anti Yam like yourself must be in his sights, and if he's not there stay away from the very small submarine shaped yam strip coloured ones that proliferate there. They are not cigars!.

Quote:

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Originally Posted by Sergey

In my opinion (that's the disclaimer) this arrest warrant wasn't issued yesterday - it's been in place for the last 5 or 6 weeks. Cohorts of Vlad have already been pulled by the authorities, in particular, Ugianskis, former board chairman of Ukio who is in it up to his neck. The authorities are loathed to comment on their investigations, but I have it on good authority that those involved in the embezzlement are being brought to book, passports removed and placed under house arrest until formal charges are brought.

With the Lithuanian Financial Crimes Investigation Unit officially placing UBIG & Ukio under investigation (they are the equivalent of our SFO) I'd be extremely surprised if assets were unfrozen any time soon, if indeed at all. As I understand it, all cash is also frozen. I don't expect this to change in the foreseeable, and BDO's comments that administration could drag on until 2014 sort of cements this - they must have been advised of this situation, too. They have an office in Kaunas that must be in the loop and they are the chosen appointee of Ukio's admin. As I mentioned in a previous post, this is a political issue and bears sod-all to football.

There will be no 'quick-fix', I'm certain of that, and I don't think there will be a fix at all.

---

Attachment 10785

Although it was always obvious Sidney was a Yam, it was entertaining up til now. Bye Sidney.

If the shares are frozen does that mean they can't be liquidated or am I taking the states of water analogy too seriously?

Quote:

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Originally Posted by Cabbage East

Although it was always obvious Sidney was a Yam, it was entertaining up til now. Bye Sidney.

---

Shows how worried he is about his club if he's been on here acting the clown the last few weeks while hearts are on their knees. Strange mentality altogether, maybe he's actually Barry Anderson.

Quote:

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Originally Posted by South Sub

Shows how worried he is about his club if he's been on here acting the clown the last few weeks while hearts are on their knees. Strange mentality altogether, maybe he's actually Barry Anderson.

---

Delusional in many ways even to the point of assuming alter egos

Walter Mitty's no got a look in

Quote:

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Originally Posted by Dashing Bob S

Cruel Sergey. You're forgetting about the groundswell of popular support and love the Lithuanians have for this great club, which has its genesis in WW1 & WW2, cemented this millennium by the Lithuanian world cup stars who have graced Hearts CL winning teams.

They won't see this global institution brought to it's knees for the sake of a few million quid here or there on the balance sheet, which in any case would only have been frittered away on schools and hospitals etc. In fact, I'm betting that their parliament is actively considering a levy to help Hearts get out of their financial difficulties. The 'Yamtax' would be a popular measure and sure-fire vote winner over there, as it would be here.

---

We've already been paying yamtax here. The council give them money and we pick up the bill.

Quote:

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Originally Posted by South Sub

Shows how worried he is about his club if he's been on here acting the clown the last few weeks while hearts are on their knees. Strange mentality altogether, maybe he's actually Barry Anderson.

---

Now that is a clown. :aok:

Quote:

---

Originally Posted by Sergey

In my opinion (that's the disclaimer) this arrest warrant wasn't issued yesterday - it's been in place for the last 5 or 6 weeks. Cohorts of Vlad have already been pulled by the authorities, in particular, Ugianskis, former board chairman of Ukio who is in it up to his neck. The authorities are loathed to comment on their investigations, but I have it on good authority that those involved in the embezzlement are being brought to book, passports removed and placed under house arrest until formal charges are brought.

With the Lithuanian Financial Crimes Investigation Unit officially placing UBIG & Ukio under investigation (they are the equivalent of our SFO) I'd be extremely surprised if assets were unfrozen any time soon, if indeed at all. As I understand it, all cash is also frozen. I don't expect this to change in the foreseeable, and BDO's comments that administration could drag on until 2014 sort of cements this - they must have been advised of this situation, too. They have an office in Kaunas that must be in the loop and they are the chosen appointee of Ukio's admin. As I mentioned in a previous post, this is a political issue and bears sod-all to football.

There will be no 'quick-fix', I'm certain of that, and I don't think there will be a fix at all.

---

i still believe given that Lith state are controlling the admin process on Ukio and UBIG and could decide liquidation is the cheaper option than ruining club till Feb 2014 given there are no bids approaching their estimation of Tynie's land value. They sell up and put the proceeds in trust until the fraud investigations/"trials are concluded. The freeze on assets is to stop the mad one runing off with them or their proceeds from a sale. He can't do that with Tynie which is essentially now under Lith state ownership and controlled.

Quote:

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Originally Posted by desantos0773

i still believe given that Lith state are controlling the admin process on Ukio and UBIG and could decide liquidation is the cheaper option than ruining club till Feb 2014 given there are no bids approaching their estimation of Tynie's land value. They sell up and put the proceeds in trust until the fraud investigations/"trials are concluded. The freeze on assets is stop the mad one runing off with them or their proceeds from a sale. He can't do that with Tynie which is essentially now under Lith state ownership and controlled.

---

He could never have done that regardless. The minute BDO were appointed, no assets could be transferred without their authorisation. Regardless, even if asset swindling could have taken place prior to admin, BDO have powers to reduce such transfers. Insolvency legislation is pretty watertight with stuff like this.

Quote:

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Originally Posted by sidneyhibbie

This is good news my campaign for justice will continue and news like this fuels my goal which is the downfall of the currupt yam empire built on lies fraud and injustice however i am on holiday shortly going to seaton sands caravan park so to all my followers and the guys who have pm me with support thanks guys fear not i will carry on the fight after my well earned break



:hnet:Sidney:not worth

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What a berserker!

Quote:

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Originally Posted by Hibercelona

We've already been paying yamtax here. The council give them money and we pick up the bill.

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Maybe those that live in Edinburgh and pay council tax there should be asking their local councillor what steps they are taking to recover this debt

Quote:

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Originally Posted by whiskyhibby

Maybe those that live in Edinburgh and pay council tax there should be asking their local councillor what steps they are taking to recover this debt

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Unfortunately, due to the administration, there are no steps which can be taken to recover the debt.

Quote:

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Originally Posted by desantos0773

i still believe given that Lith state are controlling the admin process on Ukio and UBIG and could decide liquidation is the cheaper option than ruining club till Feb 2014 given there are no bids approaching their estimation of Tynie's land value. They sell up and put the proceeds in trust until the fraud investigations/"trials are concluded. The freeze on assets is stop the mad one runing off with them or their proceeds from a sale. He can't do that with Tynie which is essentially now under Lith state ownership and controlled.

---

Is there a concept of trust in lithuania? Trust (or was it the lack of it) arose from the crusades (along with I understand chastity belts :wink:) - the knights heading off to the middle east wanted to make sure their property was safe and could not be seized so left it in the control of others to look after (probably not the key). So it has its roots in english law and not all countries recognise trusts or have the same concept ... now where did I put that damn key

Quote:

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Originally Posted by Sergey

In my opinion (that's the disclaimer) this arrest warrant wasn't issued yesterday - it's been in place for the last 5 or 6 weeks. Cohorts of Vlad have already been pulled by the authorities, in particular, Ugianskis, former board chairman of Ukio who is in it up to his neck. The authorities are loathed to comment on their investigations, but I have it on good authority that those involved in the embezzlement are being brought to book, passports removed and placed under house arrest until formal charges are brought.

With the Lithuanian Financial Crimes Investigation Unit officially placing UBIG & Ukio under investigation (they are the equivalent of our SFO) I'd be extremely surprised if assets were unfrozen any time soon, if indeed at all. As I understand it, all cash is also frozen. I don't expect this to change in the foreseeable, and BDO's comments that administration could drag on until 2014 sort of cements this - they must have been advised of this situation, too. They have an office in Kaunas that must be in the loop and they are the chosen appointee of Ukio's admin. As I mentioned in a previous post, this is a political issue and bears sod-all to football.

There will be no 'quick-fix', I'm certain of that, and I don't think there will be a fix at all.

---

thanks Sergey. you have confirmed my thoughts (and previous posts) that BDO were selected by the Lith. admins, who were appointed by the Lithuanian Government. the government, are not gonnae let anybody off the hook, and one of the main perpetraters is HMFC, costing the Lithuanian citizens £65 mil. at least. they are spinnin roond,on one of the biggest hooks in the abbatoir!:cb

Quote:

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Originally Posted by malcolm

Is there a concept of trust in lithuania? Trust (or was it the lack of it) arose from the crusades (along with I understand chastity belts :wink:) - the knights heading off to the middle east wanted to make sure their property was safe and could not be seized so left it in the control of others to look after (probably not the key). So it has its roots in english law and not all countries recognise trusts or have the same concept ... now where did I put that damn key

---

Well ring fence the proceeds of the Tynie sale is the same as freezing the sale. I'll work with Liths to find a structured financial transaction that can bury the Yams as quickly as possible!

Quote:

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Originally Posted by FranckSuzy

Have they not got pens and writing paper there? :grr:

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Complaint letter to the manager of Seton Sands caravan park on the way if not, I'm sure.

Quick question ...

If BDO have enough cash in the bank to run the team until December (£900k??), would this money be added to the pot for the secured creditor if the club were to be liquidated this month?

Quote:

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Originally Posted by StevieC

Quick question ...

If BDO have enough cash in the bank to run the team until December (£900k??), would this money be added to the pot for the secured creditor if the club were to be liquidated this month?

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Yes.

http://www.15min.lt/en/article/busin...ius-527-358598

Don't know if this matters a jot.

The good part of the bank are having problems.

Quote:

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Originally Posted by sidneyhibbie

This is good news my campaign for justice will continue and news like this fuels my goal which is the downfall of the currupt yam empire built on lies fraud and injustice however i am on holiday shortly going to seaton sands caravan park so to all my followers and the guys who have pm me with support thanks guys fear not i will carry on the fight after my well earned break



:hnet:Sidney:not worth

---

Are you visiting GOC while you are there Sidney. :greengrin

Quote:

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Originally Posted by Part/Time Supporter

Yes.

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Hmmm :hmmm:

So the Lituanians are missing out on a couple of hundred thousand a month, for each month that BDO stave off liquidation?

Could they possibly hanging off long enough for additional income? Say perhaps league money, or a reasonably sized transfer fee?

Quote:

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Originally Posted by StevieC

Hmmm :hmmm:

So the Lituanians are missing out on a couple of hundred thousand a month, for each month that BDO stave off liquidation?

Could they possibly hanging off long enough for additional income? Say perhaps league money, or a reasonably sized transfer fee?

---

Possibly, but at this stage it's only likely to contribute towards BDO's fee

What are the chances of Vlad being arrested while he is in Russia and remains there.?

Quote:

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Originally Posted by SmashinGlass

Possibly, but at this stage it's only likely to contribute towards BDO's fee

---

I think it only right that the support who closed their eyes to reality for so long, should now be suffering financially. The same fiscal shenanigans which gave them an edge over the last 8 years and longer and fueled their BIG team delusions, has turned around and bitten them on their collective bums. It is both ironic and pleasing that their efforts at raising cash may well help fund the expenses of their executioners

:lolyam:

Quote:

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Originally Posted by Sergey

The current Lithuanian government recently came to power campaigning about cleaning up their banking sector, highlighting the previous governments shambolic handling of the collapse of Bankas Snoras, a case which still rumbles on after some 2 or so years. This was an important factor in their campaign prior to the elections, which they obviously won.

There is little chance that the current incumbents are going to back-pedal and let Ukio/UBIG/Yams off lightly. They're under the microscope to do what's right for the people of Lithuania, not some two-bob, bigoted, football club.

---

Sergey, dear boy, don' t you know that old Lord Pishstainedbreeks is a personal acquaintance of the Lithuanian ambassador? And that means that the Lithuanians MUST put the interests of HMFC at the top of their agenda? How could you be so silly?:wink:

Quote:

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Originally Posted by Jack Hackett

I think it only right that the support who closed their eyes to reality for so long, should now be suffering financially. The same fiscal shenanigans which gave them an edge over the last 8 years and longer and fueled their BIG team delusions, has turned around and bitten them on their collective bums. It is both ironic and pleasing that their efforts at raising cash may well help fund the expenses of their executioners

:lolyam:

---

I couldn't agree more :greengrin

Quote:

---

Originally Posted by Sergey

In my opinion (that's the disclaimer) this arrest warrant wasn't issued yesterday - it's been in place for the last 5 or 6 weeks. Cohorts of Vlad have already been pulled by the authorities, in particular, Ugianskis, former board chairman of Ukio who is in it up to his neck. The authorities are loathed to comment on their investigations, but I have it on good authority that those involved in the embezzlement are being brought to book, passports removed and placed under house arrest until formal charges are brought.

With the Lithuanian Financial Crimes Investigation Unit officially placing UBIG & Ukio under investigation (they are the equivalent of our SFO) I'd be extremely surprised if assets were unfrozen any time soon, if indeed at all. As I understand it, all cash is also frozen. I don't expect this to change in the foreseeable, and BDO's comments that administration could drag on until 2014 sort of cements this - they must have been advised of this situation, too. They have an office in Kaunas that must be in the loop and they are the chosen appointee of Ukio's admin. As I mentioned in a previous post, this is a political issue and bears sod-all to football.

There will be no 'quick-fix', I'm certain of that, and I don't think there will be a fix at all.

---

Cheers bud :thumbsup:

Quote:

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Originally Posted by SloopJB

http://www.15min.lt/en/article/busin...ius-527-358598

Don't know if this matters a jot.

The good part of the bank are having problems.

---

this is only an opinion, without having any real knowledge of these things I suppose, but this seems to have a lot of similarities with the football stadium in west Edin. strange arrangements re-planning, unable to get proper details in order to raise a bid etc, and to cap it all, the disgraced company Ukio are/were involved.It was also named as a multi-million complex? assume they mean Litas? or do stadiums go for a lot more millions, than some like to suggest?:wink:

Quote:

---

Originally Posted by Sergey

In my opinion (that's the disclaimer) this arrest warrant wasn't issued yesterday - it's been in place for the last 5 or 6 weeks. Cohorts of Vlad have already been pulled by the authorities, in particular, Ugianskis, former board chairman of Ukio who is in it up to his neck. The authorities are loathed to comment on their investigations, but I have it on good authority that those involved in the embezzlement are being brought to book, passports removed and placed under house arrest until formal charges are brought.

With the Lithuanian Financial Crimes Investigation Unit officially placing UBIG & Ukio under investigation (they are the equivalent of our SFO) I'd be extremely surprised if assets were unfrozen any time soon, if indeed at all. As I understand it, all cash is also frozen. I don't expect this to change in the foreseeable, and BDO's comments that administration could drag on until 2014 sort of cements this - they must have been advised of this situation, too. They have an office in Kaunas that must be in the loop and they are the chosen appointee of Ukio's admin. As I mentioned in a previous post, this is a political issue and bears sod-all to football.

There will be no 'quick-fix', I'm certain of that, and I don't think there will be a fix at all.

---

But but but......FOH an that, 5-1 an that, establishment team an that, must mean something?!?!?!?

Quote:

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Originally Posted by PapillonVert

Sergey, dear boy, don' t you know that old Lord Pishstainedbreeks is a personal acquaintance of the Lithuanian ambassador? And that means that the Lithuanians MUST put the interests of HMFC at the top of their agenda? How could you be so silly?:wink:

---

I concur. However, the mad one did have quite a high profile in Lithuania, but with the arrest warrant out, the worm has turned. This case may get a fair amount of publicity, and nothing and no-one will be getting off lightly.

Quote:

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Originally Posted by clerriehibs

I concur. However, the mad one did have quite a high profile in Lithuania, but with the arrest warrant out, the worm has turned. This case may get a fair amount of publicity, and nothing and no-one will be getting off lightly.

---

Even if yhey do get romanov it will still drag on for ages.fraud etc takes a long time to deal with through the courts and he will plead not guilty therefore you have a wait agin till the lengthy court case

Quote:

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Originally Posted by weonlywon6-2

Even if yhey do get romanov it will still drag on for ages.fraud etc takes a long time to deal with through the courts and he will plead not guilty therefore you have a wait agin till the lengthy court case

---

And then there is a further two levels of Court in Lithuania he can appeal to When he is found guilty.

Full steam ahead after tomorrow if no appeal from UBIG which is unlikely as they have no directors and any significant office bearers gone to ground to avoid prosecution. Maybe things will come to head this week. No new meaningful money or proof of funds from the two joke bids. Would people prefer liquidation proceedings to start before it after next Sunday's derby?

Quote:

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Originally Posted by desantos0773

Full steam ahead after tomorrow if no appeal from UBIG which is unlikely as they have no directors and any significant office bearers gone to ground to avoid prosecution. Maybe things will come to head this week. No new meaningful money or proof of funds from the two joke bids. Would people prefer liquidation proceedings to start before it after next Sunday's derby?

---

As soon as possible for me, I want them wiped of the face of the earth

Don't suppose there is any chance for the debt for equity swaps being challenged and reversed by the Lithuanian administrator of UKIO,UBIG ? .....?or am I just being greedy !

Quote:

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Originally Posted by silverhibee

What are the chances of Vlad being arrested while he is in Russia and remains there.?

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It's hard to imagine the Russians spending a lot of time looking for Vlad, especially if he's in Chechnya.

Quote:

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Originally Posted by ...WentToMowAnSPL

Don't suppose there is any chance for the debt for equity swaps being challenged and reversed by the Lithuanian administrator of UKIO,UBIG ? .....?or am I just being greedy !

---

Debt for equity swaps, Debt forgiveness & payments from Kaunas FC are part of the Romanov fraud in my opinion. In reality Hearts owe this money and have been accomplices to the fraud. But it will not increase the money Lithuania can get back. They are maxed out by the value of land that Tynie sits on. We could ask Hearts 400,000 fans to pay the £60m balance back to Lithuania. It is only £150 a fan. Quite a reasonable price for all the success that debt has brought over the last 15 years.

i want them gone now,we have been waiting long enough,their greed ,arrogance,stupidity,we are too big a club,world wars,big team.lord weak bladder foulkes talking to the media about saving hearts when he and others brought romanov in to start with.the debt to the council is taking money out my pocket,the thought of me subsidising those clowns really does annoy me.they were told about romanov at the time ,but they hated robinson so much,they sold their soul to the devil.god knows i feel better now.off to easter road soon.

this has probably been said a shed load of times on this thread over the 1 million pages but it completely baffles me that the sfa/spfl have let them start the season when its as plain as the p*sh on gary lockes heed that they aint gna make it past the 4th or 5th game at best.

yet again makes a complete mockery of the scottish game.

Guys guys calm down.
They are self sufficient and have positive funding facilities in place.

Quote:

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Originally Posted by desantos0773

Full steam ahead after tomorrow if no appeal from UBIG which is unlikely as they have no directors and any significant office bearers gone to ground to avoid prosecution. Maybe things will come to head this week. No new meaningful money or proof of funds from the two joke bids. Would people prefer liquidation proceedings to start before it after next Sunday's derby?

---

Given your firm predictions about the timing of a liquidation have come to nothing so far, maybe time to cut down on wild speculation dressed up as informed opinion?

Quote:

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Originally Posted by Green&White

this has probably been said a shed load of times on this thread over the 1 million pages but it completely baffles me that the sfa/spfl have let them start the season when its as plain as the p*sh on gary lockes heed that they aint gna make it past the 4th or 5th game at best.

---

Quote:

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Originally Posted by Green&White

yet again makes a complete mockery of the scottish game.

---

yes the chief operating officer declaring UBIG I solvent through the Lithuanian insolvency service - part of their Treasury depot - and putting them on an official list of insolvent companies was not sufficient proof of an insolvency event for SPL. Clowns!

At the risk of REALLY sounding like Sidney, has anyone written to anyone at Edinburgh City Council to express their disgust at what's been allowed to happen with, at the end of the day, money that we all contribute towards? £90,000 is a lot of money. If I was owe them £1,000 they would be on my tail quick enough. Who might one write to in such a case?

Reading through the Administrator's Statement in detail for the first time, I see the 'Prescribed Part' provisions apply (para#4).

This means that a part of administration funds is set aside for distribution to unsecured creditors - broadly 20% up to a maximum of £600k. However, the third bullet point in para 4 says:

Quote:

---

Please note that should the Club exit Administration via a Company Voluntary Arrangement ("CVA"), then the above would not apply.

---

I take that to mean that unsecured creditors voting for a CVA would be doing themselves out of a share of £600k. Given that the administrators of UBIG will hold the balance of power in a CVA vote and it is their duty to realise as much as they can, it seems highly unlikely they would vote in favour of a CVA.

I know they won't do it, but the SFA should strip them off the cups they "won" during romanovs period in control.....it's obvious to every man and his dog they've cheated....I want them wiped off the face of this earth.....after Sunday.

Quote:

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Originally Posted by desantos0773

[INDENT]

yes the chief operating officer declaring UBIG I solvent through the Lithuanian insolvency service - part of their Treasury depot - and putting them on an official list of insolvent companies was not sufficient proof of an insolvency event for SPL. Clowns!

---

We have been over this. The "insolvency event" had a significant amount of doubt so that neither the SPL, their Lawyers or the Lawyers they specifically hired in Lithuania to deal with this felt that there was enough to do anything about it under the rules of the SPL. Moving Hearts to the Scottish Championship would have done nothing to resolve any of this situation, they would still be in the mess they are in and it would still be the SPFL who would have to deal with it. All that would be different is us Hibs fans would be able to say "Haha you got relegated" and I'm sorry to break it to you but the SPFL doesn't give a crap about Hibs fans wanting to see Hearts suffer.

Quote:

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Originally Posted by lord bunberry

As soon as possible for me, I want them wiped of the face of the earth

---

Agreed. Vile, corrupt, scabby little joke of a club.

Quote:

---

Originally Posted by Caversham Green

Reading through the Administrator's Statement in detail for the first time, I see the 'Prescribed Part' provisions apply (para#4).

This means that a part of administration funds is set aside for distribution to unsecured creditors - broadly 20% up to a maximum of £600k. However, the third bullet point in para 4 says:



I take that to mean that unsecured creditors voting for a CVA would be doing themselves out of a share of £600k. Given that the administrators of UBIG will hold the balance of power in a CVA vote and it is their duty to realise as much as they can, it seems highly unlikely they would vote in favour of a CVA.

---

Maybe the Evening News will run a piece on the forgotten creditors next week and highlight that liquidation looks best for the unsecured creditors. Unlikely but you never know - a balanced viewpoint would be nice a newspaper now and again.

Quote:

---

Originally Posted by Bajillions

We have been over this. The "insolvency event" had a significant amount of doubt so that neither the SPL, their Lawyers or the Lawyers they specifically hired in Lithuania to deal with this felt that there was enough to do anything about it under the rules of the SPL. Moving Hearts to the Scottish Championship would have done nothing to resolve any of this situation, they would still be in the mess they are in and it would still be the SPFL who would have to deal with it. All that would be different is us Hibs fans would be able to say "Haha you got relegated" and I'm sorry to break it to you but the SPFL doesn't give a crap about Hibs fans wanting to see Hearts suffer.

---

You're correct of course but regardless of the UBIG situation there's no doubt in my mind that Yams should have been in Admin long before season end, suffered an 18 point penalty & been relegated. The fact that a number of their creditors have been outstanding over a year confirms Southern lied when he said they were self sufficient. We also know that Yams had administrators lined up long before May.
I think the consequences of that relegation however go far beyond Hibs fans having laughter rights over Yams plight. Yams sold about 7,000 seasons prior to admin, would they have sold as many for Div 1? They would receive less TV money, about £150,000, they would probably not be seeded for the League Cup, wouldn't sell as much hospitality, sponsorship & ticket prices would be reduced etc etc. In other words relegation would have had a catastrophic effect on a club already on its financial knees. It was for those reasons they lied & its for those reasons they should be further punished. There are plenty of options with SPFL rules ( assuming SPL rules continue ), including termination of membership. That would do me!

Quote:

---

Originally Posted by brog

You're correct of course but regardless of the UBIG situation there's no doubt in my mind that Yams should have been in Admin long before season end, suffered an 18 point penalty & been relegated. The fact that a number of their creditors have been outstanding over a year confirms Southern lied when he said they were self sufficient. We also know that Yams had administrators lined up long before May.
I think the consequences of that relegation however go far beyond Hibs fans having laughter rights over Yams plight. Yams sold about 7,000 seasons prior to admin, would they have sold as many for Div 1? They would receive less TV money, about £150,000, they would probably not be seeded for the League Cup, wouldn't sell as much hospitality, sponsorship & ticket prices would be reduced etc etc. In other words relegation would have had a catastrophic effect on a club already on its financial knees. It was for those reasons they lied & its for those reasons they should be further punished. There are plenty of options with SPFL rules ( assuming SPL rules continue ), including termination of membership. That would do me!

---

There's nothing in the rules that states you can't line up an administrator in advance nor is there one that says you can't lie to the press about being self sufficient. Again, it's important to remember that the SPFL is the clubs not some mythical unbiased group who will rule with an iron fist.

The simple fact is Hearts didn't go into admin before the end of last season and UBIG's situation was significantly vague enough to warrant caution. The SPFL can't act on ifs ands buts or maybes.

Quote:

---

Originally Posted by Bajillions

We have been over this. The "insolvency event" had a significant amount of doubt so that neither the SPL, their Lawyers or the Lawyers they specifically hired in Lithuania to deal with this felt that there was enough to do anything about it under the rules of the SPL. Moving Hearts to the Scottish Championship would have done nothing to resolve any of this situation, they would still be in the mess they are in and it would still be the SPFL who would have to deal with it. All that would be different is us Hibs fans would be able to say "Haha you got relegated" and I'm sorry to break it to you but the SPFL doesn't give a crap about Hibs fans wanting to see Hearts suffer.

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But not in the top league which is league mist under the spotlight outside Scotland. The SPL clearly some to anybody who understood the I solvency process in Lithuania. It was a complete copout and typical of their head in the sand approach to the moment Romanov started to get involved I. hearts. A little due dilligence is beyo d the SPL S we have seen with Gers and Hearts.

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Originally Posted by jacomoseven

Given your firm predictions about the timing of a liquidation have come to nothing so far, maybe time to cut down on wild speculation dressed up as informed opinion?

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Liquidation after a short admin still on cards. What's a week or two out in this saga. Or just take the SPfL approach and just wait until it hits you in the face like a mouldy old fish. BDO need to look as if they have tried every avenue plus they can milk a bit extra in the fees. It won't be long now.

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Originally Posted by desantos0773

Liquidation after a short admin still on cards. What's a week or two out in this saga. Or just take the SPfL approach and just wait until it hits you in the face like a mouldy old fish. BDO need to look as if they have tried every avenue plus they can milk a bit extra in the fees. It won't be long now.

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Others have made it clear that the SPFL were not in a position to do anything because they might have faced a legal challenge.

So I have a question for you, Desantos.

I've been following this thread from the start, and the most knowledgeable folks have been Caversham Green, Cropleywasgod and Sergey. You appeared late in the day with, what appeared to be new knowledge at around the time UBIG or Ukio Bankas were going into administration (I can't remember which) however, and it is just my opinion, since then you have not contributed anything new. Mostly regurgitating the same things worded differently, so, can you clear up for me, and anybody else with similar thoughts, where do you get you information and what contacts and qualification you have to give your opinions?