He didnt actually tweet that did he? :big grin:
He's quite obviously rattled if he did though :jmcp: #allisbarry #allisverycomplex
Printable View
Interesting info sent to me re the Mortgage held over Tynecastle
http://www.scribd.com/doc/116814601/Hearts-466-06-12-12
Mortgage details on link, the books are linked on second bottom row.
:agree:
Am not a 'financial 'person ' but that is how i saw it after reading the paper a few times .
All in all it is a very complicated situation which could remain in the courts for long enough before the situation is resolved .:greengrin
Where would that leave any intending buyer ? :confused::rolleyes:
What was the amendment for?
Don't claim to be a guru, but the documents are all legit, copies have been available on the Companies House web site since December.
The security now being with Ukio Bankas rather than UBIG was no big deal ........ until some pesky Lith admin ruled the Bank was bust and had to close.
The best laid plans of mice and men..... etc. :greengrin
Can we close this thread down and reinstate when something actually happens?
The same place as they were before.
There were charges on the assets for loans due. There still are. They are due to different people to what they were before December.
Probably to reflect the fact that UBIG owe UKIO at least £6.8m
Picture taken at the science festival exhibition at Ocean Terminal on Saturday afternoon
This is often mentioned by I was told the arrangement is that there was a contribution made to the development of the centre which gave the Yams 25 years use of it rent free? I could be wrong.
The Scotsman (group) seem to be more concerned with relaying the Yam Ministry announcements without question rather then pursuing the interest of their Yam readership. Same with the shennanigan's at Dunfermline.
It was originally intended to be a joint venture between HWU and HMFC. However, the project was heavily reliant on a Sports Council (Sport Scotland) grant. The yams were a financial basket case even then and weren't have been seen as fit to receive the grant, therefore hairytwat had to do go alone.
The yams have a 25 year lease and, although there may well have been some sort of initial lump sum payment (SMG money) there are still the running costs to be met and shared with HWU.
Heriot Watt is a public university and so in theory is owned by all tax and rate payers. If HoMFC owe money to HWU, don't they by definition owe money to all of us? I think the tax payer's interests should be better protected by demanding payment now. :-)
This little beauty has appeared from one yam acquaintance on my Facebook....
Romanov will be writing off £10million on the debt and transferring ownership to the foundation of hearts leaving them a more manageable debt of £15million, there's a bbc man in Lithuania and he's expecting on announcement this week. :cb
Heads still stuck in the sand then
If Hearts owe money to Heriot-Watt then can they pay my living expenses?
Where does this £25million figure come from? Surely it's higher than that as that was the figure banded about from accounts that are years out of date, so that alone tells you all you need to know.
As for a Beeb man in Lithuania, I'm sure Banderson will be on the next flight over to catch the scoop :wink: