Michty, that`s brilliant. :faf:
The level of delusion in the minds of these idiots is utterly staggering. I bet they think the Earth is flat.
67000 morons at 50 quid a head....:faf:
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Or even better, they make 400,000 scones and sell them for a tenner each to each of their fans, or as a job lot to Christian Nade for his lunch.
Got a few ideas for that lot to raise funds.
- A John McGlynn organised fashion show
- A Marius Zaliukas keep-fit video
- A DVD of all of the great goals Zaliukas has scored or created for Hibs in the Edinburgh derbies
- Strictly Come Dancing with Callum Elliot
- Proposing an imaginary "pump all yer cash into these suitcases" 'share' issue idea on Dragon's Den
Any other suggestions to help out our neighbours? :lolyam:
A Mr "Good looking Hearts" competition with Stevie Fulton and thousands of supporters.
Acknowledge that there are all sorts of bills being settled with all sorts of money from all sorts of sources. This is not illegal. However, provided that all these donations went through the main accounts, then there is no breach.
If on the other hand bills are being settled directly, then these are off balance sheet transactions and could be subject to all kinds of potential VAT and tax issues.
Here is an extract that the Heart of Midlothian Directors would have had to have taken very close note of when they undertook their bake sales, their auditors and risk advisors would have had to convey:
"Deliberately under-reporting or omitting income. This is self-explanatory: concealing income is fraudulent. Examples include a business owner's failure to report a portion of the day's receipts or a landlord failing to report rent payments.
Keeping two sets of books and making false entries in books and records. Engaging in accounting irregularities, such as a business's failure to keep adequate records, or a discrepancy between amounts reported on a corporation's return and amounts reported on its financial statements, generally demonstrates fraudulent intent. "
The fact that the Hearts supporters group are not able to see a valid set of accounts should prompt the SPL and SFA to investigate the trading arrangements put in place by Heart of Midlothian Football club. If they do nothing, then why would they not be implicated in a potential money laundering case against them.
I am sure there are a lot of very unhappy bankers in Lithuania and would see the conditions allowing such poor financial governance to be fostered in Edinburgh as scandalous.
Edinburgh was once looked to across the world as a shining example of Banking excellence and upstanding husbandry. The clowns and associates, who call themselves the current board of Heart of Midlothian have massively besmirched this reputation.
The scottish auditors for a start and sponsors of the share issue can hardly dodge their professional obligations when it is clear that they have been selling a dog of a company to the unsuspecting Hearts punter. John Robertson, that great Hibs supporter, did all he could to ask the right questions but was clearly lied to about their financial health or lack of.
As always, these entrepreneurs and hangers on, seem to think that they are immune from all the corporate laws that are in place.
What is the point of Scotland having any corporate lawyers at all if they are incapable or unwilling to take appropriate action.
At this moment in time the tax payer is looking at a loss of approximately £1.5 million. As a Hibs fan and member of the public, I think it is a disgrace that Heart of Midlothian are still trading and the Crown is not doing more to secure its position.
Having said that I would sacrifice a few more days of their current existence, provided Hibernian can beat them comprehensively on the 10th of March. 7-2 has a nice ring to it.
:flag:
The thing is - even if they did pull it off it's still not enough. It would raise maybe £3 million - a drop in the ocean of their debt (and less then they lost in a single year in their last set of accounts).
Maybe if they did it each week over the closed season?
I've not seen the phrase "we owe the money to ourselves" used recently.
Any Yams care to explain its demise in the recent weeks either on The Scotsman or on BrokeBack?
what about this? :greengrin
http://i19.photobucket.com/albums/b1...e1971/vlad.gif
I think they'll have budgeted the income for next season's season tickets as well as that will come in before this season ends.
They are on life support at the moment.
Surely the flumps won't buy season tickets knowing the club is about to be flushed doon the pan? :greengrin
Meaningless games, no derby & little money would be disaster for them. Losing the cup final even better :thumbsup::thumbsup::thumbsup:
http://www.lithuaniatribune.com/3073...ter-201330731/
Looks like Friday is the day...
:cbQuote:
Siauliu Bankas, a Lithuanian bank controlled by the European Bank for Reconstruction and Development (EBRD) and a group of local investors, is expected to complete the takeover of the “good” assets and liabilities of Ukio Bankas by Friday. The remaining “bad” part will be declared bankrupt.
Hearts are losing money on a daily basis. Someone somewhere will stop it soon.