Back of EEN today. He's basically saying he will sell Hearts at any price. Whoever does buy the Yams, remember it comes with a 25 million debt. Hahahaha.
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Back of EEN today. He's basically saying he will sell Hearts at any price. Whoever does buy the Yams, remember it comes with a 25 million debt. Hahahaha.
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Was with a normally sensible yam at the weekend, he knows a few who claim to be in the know :blah: his version of the above is that they have enough to get to the end of the season then the reason its all quiet (?!) about what will happen next is there are 2 wealthy edinburgh investors who are putting up £2m each through the FOH and they have been assured that will be enough - one of them is apparently some rich old woman from Corstorphine - maybe theY were licking her windows and saw her pile of cash behind the sofa?Quote:
Originally Posted by HibbyDave
I gave up listening there as £4m didn't seem to hit the spot when adding up the floating charge, the legacy debt, HMRC and of course the ground and other running costs. All still does sound pretty Barry, one positive from the discussion was that he was pretty vocal about Barry and said there were many like him who were not comfortable with Bazzer being their self appointed, or otherwise, mouthpiece!
http://www.scotsman.com/sport/footba...rice-1-2871975Quote:
Originally Posted by suavegav
Right I will start the bidding, two conkers and a beano.
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Originally Posted by suavegav
http://www.bbc.co.uk/sport/0/footbal...medium=twitterQuote:
BBC Scotland has learned Hearts are around £25m in debt, with £15m of that secured by the stadium and now controlled by the administrators of Ukio Bankas.
A few questions.
Is that figure correct ? 'Romanov told BBC Scotland' , does this mean they have actually sent someone to do a bit of digging/get an interview ?
'BBC Scotland has learned' is this to replace 'BBC Scotland understands' ? :bye:
I noticed he said they plan to sell 51% of the shares. Is that significant?
I thought the mad one had been relieved of power, and Hearts were not under his control anymore? :confused:
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Originally Posted by blackpoolhibs
UBIG are the majority shareholders in Hearts, Romanov is a shareholder in UBIG. It's not his decision to make in his own.
This looks like another attempt to placate the fans, they come up every few weeks. If they wanted Hearts to be in fans control that badly then they would have done it by now. They just keep dangling the carrot so they keep spending money and keeping them afloat.
I've gave up myself with the whole will they won't they go bust. If they were I honestly think they would have done by now. I think they will get new owners and pay wages to the likes of St. Mirren, Motherwell etc.. The team will be a young one and will prob be very average at best. We will no doubt still struggle to beat them as Hibs have a now built in fear in my eyes not to attack them just hope we don't lose. Nothing will change apart from we will be on a more level playing field. Either that or this thread will still be going strong in 5 years time with the will they won't they???
Barry Anderson lifting all those quotes from the BBC without so much as a credit.Quote:
Originally Posted by Hot Shot Hamish
Fair comment, finding it hard to disagree with any of that. Whilst it will be good to see them on a level playing field for the first time in my life, it won't exactly be the punishment many of us were hoping for.Quote:
Originally Posted by Thecat23
One thing I do think is a certainty to happen though is that they will lose the PBS. Even ignoring the whole security issue with UB, the 'stadium' is an absolute disgrace and in the not too distant future it will fail to meet safety standards and criteria. Although I don't think their fans will even be too bothered by this anymore as long as they're still alive
UBIG can't sell the stadium to anyone unless they repay UKIO at least the £6m+ (?) which is secured against it.Quote:
Originally Posted by Bajillions
Noticed that too. Screams inferiority complex. No pun intended.Quote:
Originally Posted by Bajillions
could be... it was something like "£6.9M + an unspecified floating charge + additional costs" (not sure on the exact wording).... but this looks like they're now totting up the loan interest against the PBS...... making it even more impossible to save from a Yam perspective.Quote:
Originally Posted by Treadstone
Agreed, but Rachel from Countdown top trumps Penny.Quote:
Originally Posted by keekaboo
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Originally Posted by Bajillions
Hearts will finish this season in the Scottish Premier League's bottom six
"I don't care about the price," said Romanov. "It will be up to the administration of the club to calculate the share price.
Interesting phrase here? It looks to me like he is acknowledging that the club will go in to administration. No? :dunno:
I thought exactly the same thing! However, now administration talk is out in the open and appears to be a foregone conclusion, what are the SPL/SFA going to do about it?Quote:
Originally Posted by CentreLine
No. He has no power at the PBS. I read it as the "current administration", ie the Board and executives.Quote:
Originally Posted by CentreLine
An administrator would not be calculating the share price.
They can't do anything until it happens.Quote:
Originally Posted by MrSmith
I disagree that "administration talk is out in the open ". It's only being discussed on here, the true home of the facts. :greengrin
I hope they do lose the ground but that won't shock me either if the manage to keep hold of that as well mate.Quote:
Originally Posted by #FromTheCapital
As far as I can see this is pretty much a non story at the moment. Vlad has had them up for sale for a while now, and apart from acknowledging he is potless (we already knew) and that he will sell to the FOH (or whoever) for what he can get, it still doesnt answer any of the questions that would effect the hearts. I.e what happens to the stadium, what happenes to the debt, and what is happening to UBIG? all the story about selling to FOH is irrelevant until we/they know about the debt and stadium.......which I guess we will have a cleared picture in a week or 2 once the 'proper' administrator is appointed at Ukio and he/they release any findings on HMFC and/or UBIG.
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Originally Posted by Thecat23
Yes its possible that they'll somehow keep hold of it, but in the long term I think they will need to move. There's going to come a time when the Asbestos Arena won't meet safety standards or SPL criteria (assuming their still in the top flight :wink:), in fact i'm amazed that someone has deemed it to be safe in its current state. Hearts will then be forced to upgrade it or get rid of it. Barring a miracle they're not going to have enough cash to upgrade so moving will be their only option. Surely any new owners will need to consider this before they take over.
I bet the council will jump in with a "Joint venture" and bail them out. If that did happen i'd expect our board to be getting in touch and asking for the same amount of money for us to invest in our team.Quote:
Originally Posted by #FromTheCapital
Did he not sell some shares in the club to raise funds to keep them going? If the ground is held against the debt surely they will seel each asset seperately. The club and ground that is?
:agree: You can put yer mortgage on thatQuote:
Originally Posted by Thecat23
He doesn't own any shares. UBIG are the major shareholder.Quote:
Originally Posted by gegs70
Selling existing shares in the club would not raise any funds for the club. The new share issue, however, did...... in theory. :greengrin
So glad you're not my IFA :greengrinQuote:
Originally Posted by hibees 7062
Will they risk wasting good money on a new stadium for the yams ? Already millions wasted on the trams.Quote:
Originally Posted by Thecat23
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Originally Posted by southsider
Nothing would surprise me with this council! As long as Hibs get the same amount of assistance then, I would have no issue with it happening. But first, the council would have to knock this bedroom tax on the head. Far more needy things needing done than that needy bunch over there!!
That's not in their power.Quote:
Originally Posted by MrSmith
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Originally Posted by Thecat23
I'm surprised you can even face getting up in the morning.
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Just gave up thinking they are doomed. No point any more. This thread has been going how long? Think the quicker we stop worrying about them the better it will be if they crawl out it. If they did go pop then it's a bonus.Quote:
Originally Posted by WindyMiller
It will be when we become independant :wink:Quote:
Originally Posted by CropleyWasGod
any way back on the topic the council cant/wont build a stadium for the yams. At least not in the near future. The council and skint for a start, and to use tax payers money to build a stadium that is not needed would be met with objections at every turn, including the non football supporting element within the council. cardownie can bleet on about this as long as he wants but i cant see how they would get approval for this.
and even if the ydid, it would be a replacement for meadowbank, take years to plan, and even longer to build. it would have a running track and be used by the public and at the most i can only see around a 10,000 seat stadium as there is no call for anything bigger. including athletic events. theyll be playing in dunfermline long before a new stadium ;)