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If Vlad stole this money to spend on Hearts then Hearts stole this money. Romanov is Hearts. He is the controlling mind of the club. Legally that puts the club in the frame.
How will the Scottish football authorities deal with a club stealing money to buy players they would not be able to fund themselves?
We are not there yet but we may well be soon.
That whole thread is a fairly amusing read actually. There's a combination of those who are fully aware of the dire situation they're in, and a sprinkling of dafties who reckon they'll be ok simply because they're the famous Heart of Midlothian football club.
Just thinking seeing as Hector may no longer be the cause of their downfall can the avatars be replaced with something more appropriate? Any suggestions. A coffin perhaps?
How about an open grave with a tombstone reading 1874 - 2013?Quote:
Originally Posted by PatHead
Romanov :greengrinQuote:
Originally Posted by PatHead
Vlad-notes.Quote:
Originally Posted by PatHead
Preferably with a bowler hat on.Quote:
Originally Posted by PatHead
I wonder if it was the one hanging the Vlad banner out her windae?Quote:
Originally Posted by Bighoose
Some interesting stuff there if it's true, does sound that way.Quote:
Originally Posted by Mikey
1. They had budgeted to sell McGowan this season regardless.
2. The Wallace/Templeton fees were already included in their budget therefore projected loss was over & above that income!
3. The big team expected to finish 6th!
4. If they don't make top 6 they expect another £500k loss!
5. Looks like they were expecting/projecting crowds of around 15/16 k for rest of season. That's already gone oot the windae so losses could be even higher.
in summary, even withou the UKIO shenanigans they're insolvent. The UKIO/UBIG'S deal just means they'll be homeless as well! Shame :wink:
Lets not forget that Fester is just another puppet in the line of other puppets brought to the forefront by the Mad One.
Fester does not have a clue about any of the finances at tip castle or so he says and knows even less about being a manager.
Aka. YESMAN
and if he says anything against the club or its ongoings then he's oot.
My good lady works in finance and she has asked some of her colleagues about the current state of affairs at the PBS.
They are if the opinion that if it anything bar a football club then the administrators would of been in a long long time ago.
We already know this but the waiting game continues.
I actually agree with that; it IS the fans' fault, every festering one of them who's reached adulthood.Quote:
Originally Posted by Hibee Ryan
Suspect they had also expected to sell Zalukus/Driver/both as well and factored that in. You have to ask why they signed 2 more players though?Quote:
Originally Posted by brog
If its true they are not paying for the 2 players I don't see the issue, they needed a striker badly and it appears they got one for free who has done no badQuote:
Originally Posted by PatHead
It's ok, some genius has come up with doubling ST prices. And he assumes that if they do that they'll still have 10,000 ST holders.
Barking, completely barking.Quote:
Double the prices for season tickets with the extra money being exchanged for enough of Ubig's shares to move control from Vlad to the fans. 10,000 season tickets at £700 average price
As we're voicing suspicions, I strongly suspect the rumours that they're not contributing anything, or very little, to their wages. Given the 'goodwill' from their meeting in the Europa, I also suspect that a fair amount of begging went into the request for the players from Liverpool, in the hope it would return some modicum of success from what was proving to be a disastrous season on the pitch as well as on the financial front. It would also give some return to the fans who dug deep over Christmas, with no additional cash outlay.Quote:
Originally Posted by PatHead
Completely ludicrous. Even, as you say, they persuaded 10k of them to part with £700 :faf:, season tickets are to watch football, not take control of a club.....that was what the share issue :faf: was about....well, 10% if you believe the 'Glorious Leader'Quote:
Originally Posted by The_Todd
The desperation is oozing out of Keekbroke
This is my kind of humour, what a description of the largely windowless hovels these fat cretins quaff inQuote:
Originally Posted by cocopops1875
Some geezer has came up with the perfect solution to their problems:
"Still think we should have a survival match at Murrayfield. 67000 fans at £40-50 each with the proceeds to be held in a trust and used to pay running costs. 06 v 12 with Paulo and Hartley etc. The money should go nowhere near Romanov."
£40-50 EACH and he expects 67000 people to go to this game?! Hahahaha, they're off their rockets
ftfyQuote:
Originally Posted by jack hackett
Quote:
Originally Posted by The_Todd
:confused:It just defies belief, if I wasn't completely blocked from there I was going to go on and ask if anyone fancied just clubbing together to buy the whole shooting match for £51m and be done with it. Could borrow the money against the club itself.........
ty :greengrinQuote:
Originally Posted by Ryan91
edit
anyone else having a hard time browsing the site tonight?
So that amounts to Hearts again publicly stating they don't have the money to complete the season.
How is this not trading while insolvent? Aren't they admitting as much by putting out statements / emails / faxes saying they are on the verge of running out of money?
I just cant get my head round the need for a survival match, Are they in bother :confused::greengrinQuote:
Originally Posted by Hibee Ryan
It's normally a liquidator who makes the case for "insolvent trading". I can't think of any situation where directors have been charged with that whilst the company is still trading.Quote:
Originally Posted by ScottB
When they presumably eventually do go mammaries skyward, would these sort of statements be used as evidence to charge them with that after the event?Quote:
Originally Posted by CropleyWasGod
Should the Directors not be calling in Administrators now? There is obviously no way they can trade out of their present state into profit.
So for the non-financial whizz-kids among us, can you give us the idiots guide summary of where it all stands at this point please?Quote:
Originally Posted by CropleyWasGod
Certainly looks like it. I do not understand why creditors other than the Edinburgh council (via Hibs.net pressure) or HMRC have not challenged Hearts over their average 90 day payment terms. I find it hard to believe that all bills like electricity, water, police, training ground, hotels and stadium management fees are fully up to date. Importantly, I would think that all transactions have to go through the books of Heart of Midlothian. If any Lords or ladies are paying these sorts of liabilities personally "off balance sheet" then this would be a very very serious offence.Quote:
Originally Posted by ScottB
Directors would have to answer all questions like the above honestly. The SPL have very strict rules for non-compliance. The club formally known as Rangers can testify to this.
Still predicting administration before their cup final.
TBH, if some of the rumours about UBIG are true, I think that would be the least of their worries.Quote:
Originally Posted by ScottB
The implications of "wrongful trading" convictions are that all debts incurred after insolvency is established are deemed to be those of the directors personally. The phrase "blood out of a stone" is a continuing theme on this thread. :rolleyes:
Not sure I understand you. It's quite common (and legal) for directors to pick up company bills in difficult times... or is that not what you mean?Quote:
Originally Posted by Hibeesforever
Yep, the Hearts Chairman, Roman Romanov will answer all these questions next time he is at Tynecastle.Quote:
Originally Posted by Hibeesforever
I don't think he has been seen for over 5 years ! :greengrin