Yes missed the M out!
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Sloppy journalism. Statements available on Bloomberg which state loans UBIG not going to new bank and rescue fund would use bankruptcy proceedings to recover any assets held against these loans. They could as I did find the status of the Loan from UB to HMFC which is we know is not at the new bank. This means the consider it a bad loan which will never be repaid. They will then sell Tynecastle to Recover some of the loss. This could be to ever buys what's is left of Hearts or a property developer.
BBC Sportsound suggesting that Houston the likely candidate to replace Mcglynn. Hearts supporters not impressed with this
It is not clear that they view it as a bad loan, never to be repaid.
We really need to establish on what terms UB are going to ask UBIG for repayment.
Unless the loan is called in earlier this will occur in the summer when the loan capital moratorium ends.
The lack of clarity around this will probably enable season tickets to be issued for sale without legal challenge for trading while insolvent being labled against the Directors.
A good journalist should be able to find out if the bank have already decided what to do.
Football is a funny business, the lender has every incentive to just ask for full repayment.
Hearts fans amazingly still don't realise this yet.
They will keep on doing high fives because every year and every million repayment will make them think was it worth it!
The children of Hearts children will be enslaved to Ukio Bankas.
Really feel sad for them but the moral of the story is you reap what you sow.
Houston we have a problem! has a certain ring to it.
John Robertson is getting the job
I'd love to be fly on wall during the manager interviews when the subject of salary is tackled!!
Can't afford an SPL appeal fee, so how DO they pay a managers wage? or is it literally just peanuts?!!
would be great if fatso Robertson and his pea brain pal Preston got the dream team job......take the 2 clowns off our airwaves.
tazheartsJunior Member
Registered Users A
616 posts
Posted Today, 19:16
I have it on good authority that Peter Houston's first move as Hearts manager will be to persuade Jon Daly that his future lies with Hearts instead of wasting away the rest of his career in Scotland's lower leagues.
C'mon, own up. Who started this one on sickback?
:ostrich::ostrich::ostrich:
Robbo wants the job as he can order pies from the dugout on his iphone.
I would really love him to be manager if/when hearts are flushed away.
Not sure I fully understand the recent development and the reply from the temporary administrator ... Ukio Bankas is kapoot yes? , and saliuis bank have not taken on this security over the PBS therefore ub still have the security but are not functioning as a company any more. So who will demand that the PBS is sold and what will happen to the proceeds? Is it all dependant on ubigs survival or death or does it factor into the proposed sale of the club? ...... Too many questions and no answers :dunno::dunno::dunno:
#allisbarry