What are the chances of the Dons and Celtic fans boycotting Tynie so that their dream of full houses is just that, a dream, and their demise is quick and extremely painful?
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What are the chances of the Dons and Celtic fans boycotting Tynie so that their dream of full houses is just that, a dream, and their demise is quick and extremely painful?
Think this deserves a post in here aswell'
http://www.youtube.com/watch?v=-48S1...ature=youtu.be
Alex O'Henley from BBC Alba was tweeting the exact opposite.Quote:
Originally Posted by essexhibee
That is excellent!!!!:greengrinQuote:
Originally Posted by Meeko
Amazing!!!!Quote:
Originally Posted by Meeko
They remembered their names!!!!!:not worth
Excellent :wink: Now everyone is on "tender hooks" ..... :greengrinQuote:
Originally Posted by green glory
What did he tweet?Quote:
Originally Posted by green glory
Quote:
Originally Posted by matty_f
Hearts shareholders join board in plea for fans to bail them out. As suspected Vladimir Romanov is not going to pick up the tab this time
:thumbsup::thumbsup:Quote:
Originally Posted by Dalkeith
:aok: Braw!Quote:
Originally Posted by Dalkeith
@BBCchrismclaug: Very worrying times for #Hearts. Just spoke to someone close to the situation. Says if HMRC money is paid it would be a 'minor miracle.'
Glad to hear it, but I won't be convinced until I hear something from the Russian Brigade. Keechback rumours are thatQuote:
Originally Posted by carnoustiehibee
Vlad is going to speak today about it all, hope he does, should at the very least be a laugh. :aok:
With his track record, I think Hearts can breathe easy now.Quote:
Originally Posted by carnoustiehibee
:rolleyes:
@BBCchrismclaug: Remember #Hearts director Sergejus Fedotovas speaking to media at 0930. Some big questions to answer. #BBCSport for the latest.
Even if Hearts manage to survive until next summer, the SPL are bound to investigate them regarding dual contracts. Apparently, they've been at it for years.
Well if that's the case then the games up and it's over. All there fundraising efforts and share buying isn't going to raise 450k by the deadline. Or am I missing something?Quote:
Originally Posted by Dalkeith
More good news then if true :thumbsup:Quote:
Originally Posted by Amit
Any chance of an update thread from this press release so we don't have to pick through this one for the details , kinda one poster posting with no reply. Or can we hear it on the radio
Quote:
Originally Posted by Desperate Dan
Cup stripping :greengrin
Pile it on, pile it on :thumbsup:Quote:
Originally Posted by FalkirkHibby
Source? :cbQuote:
Originally Posted by Amit
Quote:
Originally Posted by heidtheba
Someone mentioned that to me the other day about the players buying shares in the club.
1. Are current players allowed to buy shares in the club that they play for.
2. If so will they have to sell them in January if they move to another club, are you allowed to hold shares in a club if you have signed for another club.?
Just asking if any one knows the answers to this. :aok:
Alex Thomson and Rangerstaxcase.Quote:
Originally Posted by CropleyWasGod
Campbell Ogilvie is supposed to have introduced HOMFC to the Hun EBT scheme. It's been covered briefly in both their blogs.
There is no reference in their accounts to EBT's.Quote:
Originally Posted by green glory
However, it's the double contracts that I was asking about; that is a different thing.
The two suitcases that were taken in to the PBS yesterday. :dunno: :greengrinQuote:
Originally Posted by matty_f
BBC Sport Football @BBCFootball1
Hearts set '£2m survival' target: Hearts supporters need to generate £2million to help the Edinburgh club surviv... http://bbc.in/WJyKqP
What's the differenceQuote:
Originally Posted by CropleyWasGod
Can we merge all the Jambo threads into one big super thread? It's awfy hard having to navigate through several different threads when your eyes are welling up with tears of hysterical laughter, I'm struggling to keep up here :faf:
surely that **** has tae get the bullet now if he's been involved in that at another club but it wouldnae surprise me if he remains untouched with the twisted shower of ***** that run the game in this country.Quote:
Originally Posted by green glory
Is Ogilvie not just an administrator, just doing the paperwork that the Directors/owners told him to do?Quote:
Originally Posted by Desperate Dan
we should try sort this out with are own scarves obv
http://twitpic.com/show/large/85qxgj
Contributions to EBT's were legitimate. It was the way that RFC ran their scheme that got them into difficulties.Quote:
Originally Posted by goldenhibby
Double contracts, ie not disclosing all payments to players to the SPL, are not.
Alot of Paparazzi and media with both TV and Radio waiting at tynecastle this morning when i parked my car.
Always wish they would give me a wee interview on the situation.
If they were operating a similar scheme as the Huns then it's quite possible dual contracts were involved.Quote:
Originally Posted by CropleyWasGod
I'm sure the 400,000 Hearts fans can afford a fiver!:vladsheep:Quote:
Originally Posted by FFupper
Is this the reason for the £1.7m HMRC claim?Quote:
Originally Posted by green glory
Lovin the avatars lol ! :greengrin
Quote:
Originally Posted by Desperate Dan
Match Fixing. Allegedly. :cb
Better still he could plunder some Nazi gold.Quote:
Originally Posted by cabbageandribs1875
Not sure anyone really knows but I'm speculating lots.Quote:
Originally Posted by goldenhibby
You'd think he'd have plenty of that.Quote:
Originally Posted by hibs0666
But that's my point. There is no reference to EBT's in their accounts. If they had been operating them, there should have been, just as there was in the Rangers' accounts. In turn, the auditors would have made reference to any omission.Quote:
Originally Posted by green glory
(disclaimer... that's not to say that EBT's weren't operated. I just think it hightly unlikely).
sat here patiently waiting for the updates, have the countdown tune in my head haha
Is the hope/belief in this not based on Satchel's court claim that his contract was for £150k pa? :dunno:Quote:
Originally Posted by CropleyWasGod
Ask them, tell them you are a supporter of the great HFC and you would like to put your we side of the story to them, ask them to blank out your face and dub your voice, due to fear of reprisals from mafia.Quote:
Originally Posted by DarrenSQH
That charge appears to be related to moving tax liabilities from the UK to Lithuania where the rates are lower. They appear to have done that by paying Hearts players through bogus loan deals with Kaunas.Quote:
Originally Posted by goldenhibby
Allegedly.
http://rangerstaxcase.wordpress.com/...pbell-ogilvie/
From a while ago. Not saying he's definitely implicated but there is at least some suspicion.
Got to be worth looking at more closely I would have thought.
Sorry if already mentioned, but it now seems to be apparent that Hearts weren't paying tax (as well as their wages) earlier this year when they were on their cup run and signing Craig Beattie - when the SFA gave their verdict on Rangers' tax evasion they said that the only thing more serious would have been them being found guilty of match fixing. Now that day in May will never change, it will always be an horrendous one for us and a memory that they'll always have, and I certainly wouldn't want any retrospective awarding of trophies, nor do I see much point in them having it taken off them - however, they are still guilty of the same crime now, so should they be allowed to defend a tainted trophy? The SFA considered a Scottish Cup ban for Rangers, I don't see how Hearts can be allowed in this year's competition really.
That doesn't say EBTs were operated at Hearts. It talks about half the wages being paid from Lithuania, which was confirmed in the Evening News a couple of weeks ago.Quote:
Originally Posted by green glory
With all the shinnanigans have the Polis been paid I wonder... ? Or are they still up to their old tricks?
If the players are de facto employed in the UK, doesn't that mean that Hearts are acting as agents and are required to pay HMRC, regardless of where the salary comes from? Isn't it up to Hearts to get the money from Kaunas to cover the players tax liability, rather than have it essentially waived by Hector?Quote:
Originally Posted by Part/Time Supporter
Just read this on twitter also said 'by the summer to save club' is this an extra £2mill on top of the £1.7 for tax and the £450k winding up order?Quote:
Originally Posted by FFupper
I reckon the two suitcases taken into the PBS were full of emptyness, but they'll have anything of value in them when they leave.
As was mentioned in the thread on the PM board he could be here for the big tax case. Other than him, their directors have been noticably absent.
I'd agree with this. The mention in the RTC blog of the player who could only demonstrate a near minimum wage salary, but explained he was also paid from overseas should raise some suspicion. This very same incident was discussed on the Sevco thread here.Quote:
Originally Posted by Twa Cairpets
Question is.... Is this a PR ploy.... Do we think they'll get off with it??
Quote:
Originally Posted by Aldo
That's what I reckon.
I did think about that to Mikey, they were either full of money when they arrived.Quote:
Originally Posted by Mikey
Or empty, and full of share/shop/ticket money when they leave. :greengrin
Just listened to BBC Scotland there and it would appear that the suitcases were empty when they arrived and no doubt be full of anything that is of value(the SFA should ask for the cup back just in case it ends up in Lith land) when they leave.
BBC saying it is down to the fans to save there club. :lolyam:
:agree:Quote:
Originally Posted by Aldo
That crossed my mind as well.
It's been at the back of my mind that this is just another case of brinkmanship to boost attendance and the share issue. If it works, he's quids in as far as filling his pockets go. He's certainly got nowt to lose by it.Quote:
Originally Posted by Aldo
So, no press statement from Hearts so far (thought there was mean't to be one at 9.30am?), no expression of whether Mad Vlad is going to stump up the for tax bill or not and nothing else from Hearts....so is it fair to say still that the 17th is still D-Day?
From kickback regarding the whole situation. Seems a sensible post tbfQuote:
What will happen to Hearts?
Friday 9th November 2012.
Romanov/UBIG have decided that they have had enough and are getting out… probably haven’t got any access to money.
Lately, they have taken in monies from Season tickets, TV and Gate re Liverpool, SPL, SFA , and some transfer fees from TRFC?… probably around £6M - £7M in total
They are trying to claw back some more with the Share Issue but HMRC won’t wait.
I cannot see that Romanov will pay the PAYE/NICs bill of £450K
However, Romanov/UBIG will not allow Hearts to be wound up/liquidated (same thing)
It’s odds on that Romanov/UBIG will put Hearts into Administration in the next few days or so… to protect Hearts from winding up/liquidation.
Despite what some people will say, Romanov/UBIG will still keep control of Tynecastle in an administration event… as they are, by far, the biggest Creditors (much more than HMRC or anybody else)
The Share Sale will go ahead and any monies coming in will be used to pay the fees of the Administration.
The Administrators will offer a ‘’pence in the pound’’ CVA and this will be accepted by over 75% (by value) of the Creditors … ie, it will be accepted by Romanov/UBIG as they hold more than 75% of the debt
Hearts will come out of Administration quickly ‘’debt free’’ but will have lost Tynecastle, their only real asset, as it will be covered by a fixed or floating charge in favour of Romanov/UBIG.
Hearts will remain in the SPL, albeit, fighting relegation because of the points deduction as a consequence of administration and the downsizing of the squad. In addition, they will have to pay rent to Romanov/UBIG as long as they stay at Tynecastle.
So although I’m sure Hearts will survive (unlike TRFC who are dead) the future for a competitive Hearts team looks very, very bleak… but not a bad way to ditch your debts eh?
http://www.sheffieldunited-mad.co.uk...e_351568/index
http://news.bbc.co.uk/sport1/hi/foot...an/6203035.stm
Why pay your tax when you can have these two class acts. The amount of cash they have wasted is mad. Chucking 10k a week at guys like Nade, Obua, Goncalves, Kingston, Zaliukas.
Pretty sure the list goes on and on. It makes me laugh. Well good luck to the hearts fans finding 2 million between them. Not.
Not sure what you mean by 'get off with it'. They have no chance of escaping the £450k tax bill, and very little chance of getting time to pay IMO. If they get off with the bigger tax bill it's because they were able to present a good defence to the tribunal.Quote:
Originally Posted by Aldo
If you mean will they escape liquidation/administration, well yes, they might but only through scraping together everything they've got and that means they have nothing in the tank for the future. At the very least they are going to be massively damaged after this little episode.
I really hope the CVA is 51p in the £Quote:
Originally Posted by essexhibee
Interesting post.Quote:
Originally Posted by essexhibee
If they are relegated, which would be likely with a 17 point deduction and a slashed playing squad, they'll have trouble coming right back up. Romanov will take a huge skelp in rent.
One flaw in his thinking is that the UBIG debt is already covered by fixed and floating charges which means that it's taken out of the CVA vote. The debt is greater than the value of the assets it's secured on, but that can only be proved by selling the assets and settling as much of the debt as they raise - the balance would then go to the unsecured creditors list and they would have a vote, but by that time it's a liquidation because all the assets are gone.Quote:
Originally Posted by essexhibee
They did move some debts over to other companies though, so they might be unsecured and therefore stand to vote in a CVA proposal. If so this would appear to be the culmination of two year-long strategy rather than the emergency it's being presented as.
The Londis incident is beginning to make sense...Quote:
Originally Posted by hibs0666
I wonder if there will be a secondary points deduction if the wages are not paid on time again.Quote:
Originally Posted by Mikey
Campbell Ogilvie would definitely have questions to answer.Quote:
Originally Posted by green glory
Here's an article from 2008 where he's spraffing off about making Hearts self-sufficient:
http://www.scotsman.com/sport/ogilvi...-sfa-1-1148749
"We are trying to create a solid foundation here," he said. "We realise that only actions, not words, will work now.
"In the short term we have had and will have a situation where we receive funding from our parent company (UBIG] and we are fortunate to have that. The aim, though, is to make the club totally self-sufficient. It is good to have a parent company but we accept here that we have to stand on our own two feet. We cannot rely on outside funding, we must create a model."
Four years on, and they are still spending way beyond their means... including on the team that won the Scottish Cup, and seemingly cheating the tax man to help them do so.
It's all coming home to roost...
:******:
Sorry, this should have been in the 'lets all laugh at Hearts' thread.Quote:
Originally Posted by CB_NO3
18 points.Quote:
Originally Posted by Mikey
They got 52 last year and the rules say it is one third of the total rounded up.
So... maybe after this week, the Hearts fans will accept administration (and no doubt praise Vlad for doing it) because they've been forced to look into the abyss and anything is better than that.Quote:
Originally Posted by essexhibee
Division One beckons.
Even better.Quote:
Originally Posted by Part/Time Supporter
Maybe they'll catch up Dundee and find themselves at Dens on the last day, just needing to avoid defeat...................
Why do I get the feeling the squad will announce that they are deferring their wages...
I can just about see them scraping together the £450k in time, but then where do the wages come from? Then the big tax bill looms.
Personally I think they'll stagger on until the big tax case hits (assuming it does), there's no way they'll be able to raise the money for that one.
That's what I said yesterday. Boost the shares sale, full house for the next home game and Vlad comes up with the tax cash. No doubt they will knock up out the cup next month and every thing will be rosey again at Tynie, till the next crisis.Quote:
Originally Posted by Aldo
Cav sorry. Get off with Administration/liquidation.Quote:
Originally Posted by Caversham Green
Should if made it clearer mate.
That's assuming that Vlad has the cash to hand.Quote:
Originally Posted by malcolm-bogie
Given that UBIG haven't paid the 1200 workers at their bauxite plant for over 3 months. There's also been a run on the Ukio shares and the bank have had to take control of the Zalgiris basketball arena, for a sum that was over 3 times the cost of construction, I don't honestly think that UBIG/Vlad have money at their disposal.
Some of them are pretty convinced over the road that this bill will be paid by Vlad. Not quite sure what they base it on though :greengrin
No problem Aldo - I didn't mean my post to be snippy.Quote:
Originally Posted by Aldo
Anyway, FWIW I don't think it is a PR ploy, I think they've taken it too far to be that. I can't see even the yams thanking Vlad for taking their club to the brink, taking all their money and then bailing them out anyway. As I say they might actually escape administration/liquidation but it will cost them very dear.
If Hearts do die, then at this time of the year, and for every year onwards, Hibs fans should wear green poppies, to respect the memory and traditionals of that previously great club.
Note: Of course all profits made from the sale of aforementioned poppies should be donated to the proper poppy appeal.
Seemingly Fedatovs said last night at the meeting with the fans group that Vlad will be paying off the bill.Quote:
Originally Posted by Mikey
Not convinced. I think they've turned it into that.Quote:
Originally Posted by robinp
If he's paying off the bill, why not do it right now?
Speaking of which have hahaHearts confirmed a donation from sales of their Poppy Day shirt to The Poppy Appeal yet ? Last I was aware there is a LTD Edition shirt with a £12 mark up but no suggestion of where the money was goingQuote:
Originally Posted by Brummie_Hibs
BBCBMcLauchlin @BBCBMcLauchlin
Hearts director Sergejus Fedotovas tells BBC Scotland a deal with HMRC is unlikely over the £450,000 bill for PAYE and VAT.@bbcsportsound
If that's all the info that he got since 9.30, it looks grim for the Yams.
Also says they have raised 100k in the last 48 hours. Just 350k more to find.
No mate don't worry didn't think it was snippy at all. I think all we want is a definite answer as we all sit and watch their demise.Quote:
Originally Posted by Caversham Green
I want them to be totally and utterly ****ed if I'm being honest and hopefully wiped out totally
Quite right too. They've taken that money from their employees and paying customers and deprived the tax payer of it to chase a pipe dream.Quote:
Originally Posted by Stevie Reid
Does anyone know if they'll incur penalties and interest on this amount?
Actually just £1.9m to find...Quote:
Originally Posted by CB_NO3
Thats a real shame, so they have collected the money and spent it on players they couldn't afford. Start taking the first 18 points of please. :thumbsup:Quote:
Originally Posted by green glory
I think the Bank got some development plots in Vilnius as well as the basketball arena, in fact probably the whole UBIG property portfolio (Except the PBS ). Whether it was a fair price,well the bank shares continue to plummet suggests the Market does not think so. The deal might just give Vlad a little room to borrow from the bank to bail out HOMFC if he is so inclined.Quote:
Originally Posted by Sergey
However if the Tubes over at Tynecastle do raise the £ 2 million to bail the club out, leaving Vlad still in charge with a majority share holding, then they even more stupid than I could ever imagine. Vlad will just hold them to ransom again, its the way loan sharks work.
They would be far better in the long term letting the Club crash and build from a fresh Vlad free start.
But why am I telling Yams this, get your money out now boys and girls, Robbo and Foulkes say its all Kosher. :greengrin
Absolutely. Got an unbelievable cheek even asking for another payment plan.Quote:
Originally Posted by matty_f
It will be more than that of they loose the other tax case. Its £1.7m but penalties, interest and court fees could take it upto £3m. Wages are due soon aswell.Quote:
Originally Posted by matty_f
https://twitter.com/bbcchrismclaug/s...63344198234112
Looking like the fans are going to have to find the 450k.
Quote:
Originally Posted by matty_f
Just 84,444 tickets at £22.50 then.
:aok:
Quote:
Originally Posted by CB_NO3
Wages ? Thursday 15TH ? , Tax deductions, N I payments for October wages due 22nd of the month following.
It is also time our council was hitting them with a final demand for business rates and rent.
Or, do people think they have been punished enough !
I thought the share issue was for running costs and youth team funding, not paying off debts? :confused:Quote:
Originally Posted by HibeeSince82
:thumbsup:
100k? They sure :cb
They are forgetting the match day costs of policing and stewarding as well as catering to take out of that for tomorrows game. Once again, only Vlad looks to be able to save them before the 8 day period ends.
Is there any feasible way they could raise the other 350k?
+ the other court case over unpaid bills to Rydens and Arthur Mckays.Quote:
Originally Posted by greenginger
Now I think of it, could admins add a Debt clock to the page. One like the countdown one we've already got but the debt one just keeps rising as the wages, tax bills, interest and penalties keep increasing?
:devil: