Bosnia's main gas distributor, BH Gas, cut gas supplies to Birac two weeks ago over a 5 million euro ($6.42 million) debt.Quote:
Originally Posted by greenginger
Wow, how could that level of debt be allowed to be racked up.
Printable View
Bosnia's main gas distributor, BH Gas, cut gas supplies to Birac two weeks ago over a 5 million euro ($6.42 million) debt.Quote:
Originally Posted by greenginger
Wow, how could that level of debt be allowed to be racked up.
Have always said that the REAL problems for Hearts will begin when law enforcement agencies start investigating individuals and following the money that is being moved around those companies, and of course, financing Hearts outrageous wage bill. If it's revealed that money is/has come from illegal and immoral sources, the Scottish Footballing authorites will be compelled to act, as in the case of Rangers ETB. The ETB's are relatively untainted, compared to where these Hearts monies may have originated.
Such investigations and the prosecution of individuals and the likely lengthy appeals could lead to Hearts being unsellable and licensable as a football club for years, thus precipitating a modern day Third Lanark scenario.
The company's auditors have a duty under the Proceeds of Crime Act to report (to SOCA) any suspicions they have that the company has profited from illegal activities.Quote:
Originally Posted by Dashing Bob S
Not to do so carries a potential jail sentence of 7 years. To do so, and disclose it to a third party (eg the company itself), carries a sentence of (I think) 3 years.
All of that is the background to the possibility that, for all we know, HMFC's financing may already be under scrutiny here in the UK. We can't know that, though.
Hearts funded the best part of £ 70 million these past 6 years by UBIG.Quote:
Originally Posted by CropleyWasGod
Criminal investigations in Lithuania and Bosnia into fraud involving UBIG and Vlad.
Can sombody let Johnston Carmichael know in case they missed it.
May'be Barry could break the story.
I notice wee fat Blobbo claiming there are 200,000 to 250,000 hertz fans out there.
A tad worrying as they seem to have mislaid 150,000 somewhere.
Deluded plums.
All these people who had token boardroom seats at Tynecastle over the last seven years (and, to be fair them, probably did know absolutely zero) might be twitching a little at the moment.Quote:
Originally Posted by CropleyWasGod
All the directors have been Vlad's Lith. associates and family. I don't think Ogilvy or Southern were Company Directors and the the fat slug from the House of Lords did'nt last long enough to be caught up in the ***** storm. Mores the pity.Quote:
Originally Posted by Dashing Bob S
Does Hibs.net have a similar duty to report such suspicions bearing in mind it is the only depository for all such knowledge ?Quote:
Originally Posted by CropleyWasGod
Is the aluminium plant owned by UBIG?
UBIG pays Hearts large sums of money.
Hearts return it either in the form of interest or in large payments to players who pay an arrangement fee to UBIG
So money does a round trip.
Really??,oh dear.deep doo doo for them if this is the caseQuote:
Originally Posted by ancient hibee
:aok:
Robbo is just as deluded as the rest of them, absolute clown :jamboclowQuote:
Originally Posted by flash
Quarter of a million fans yet they can't sell out a cup semi final in their own city and their cup final attendance was the lowest for years. hmmmm
Would weeds be able to grow in an environment as toxic as the PBS? :dunno:Quote:
Originally Posted by Dashing Bob S
there's an ungly pink one that would thrive in there:greengrinQuote:
Originally Posted by lapsedhibee
:greengrinQuote:
Originally Posted by Seveno
http://verslas.delfi.lt/ukiobankas/t....d?id=61127847
Stuck for a translation again, but this article seems to say Vlad and his sister have been arrested or it may mean their property has been seized. :confused:
Free the Kaunus Two ! :greengrin
The pic seems to indicate that Vlad is not sure either. We better wait on a proper translation.Quote:
Originally Posted by greenginger
ran it thru a couple of translation programes and got the same thing.
Farm failed bank lost money the company has achieved to date law enforcement averted a bank owner Vladimir Romanov. The court arrested him and his sister property, the value of which - almost 55 million. LTL. If the property is not found, will be seized and the money, reported LNK show "Good evening, Lithuania.Company Baltic glass "and" What BOSLITA and applied to the court and the arrested V. Romanov and his sister Olga Gončaruk "An investment banking group and Birač Europe's assets, the value of which - almost 55 million. LTL.Quote:
Originally Posted by Ozyhibby
"Arrest defendants owned real and movable property, such property is seized without cash," - said the lawyer Ramunas Audzevičius.
The court forbade V. Romanov and the other defendants to transfer property to other persons, to pledge, but left the property to store and use it. Companies' economic investment banking group and Birač Europe permit the payment of salaries to employees, pay taxes to the state and social security contributions.
V. Romanov of the judgment is not inclined to talk.
"Well, what to do, now everyone will give up on me. I do not know anything, you know, then Available for all ", - said V. Romanov.
Standing as a candidate to the parliament, he stated with 2 million. -worth of assets, 176 million. -worth of securities, works of art and jewelry, more than 2 million. thousand cash. True, stated that the borrower is more than 238 million. LTL.
DELFI you produce high-quality free content. You atsidėkotumėte us if dalintumėtės following his sending a link instead of copying and pasting text.
Looks like an insolvency event to me. 18 point deduction. Best chance we have of staying above them.Quote:
Originally Posted by Denverhibby
Meanwhile, back in la la land...............Quote:
Originally Posted by Ozyhibby
“@BarryAnderson_8: #Hearts' player budget next year will be over £3m. Manager Gary Locke says wages will be "sensible": http://t.co/eS46rDiGa2 #HMFC #SPL”
£3M budget for a 25 man squad equates to an average wage of about £2,300 a week. World Cup stars will be kicking lumps out of each other to be first to sign up :greengrinQuote:
Originally Posted by Spike Mandela
Still seems a lot (if true :-))considering the "eartha kitt" they are in.Quote:
Originally Posted by Spike Mandela
Anyone know what our player budget usually is?
Has the shortfall that they didn't get close to meeting just gone away?Quote:
Originally Posted by Spike Mandela
Why would he come out and announce this? :confused: Have they ever previously done this?
Gives an mixed message to their fans...we have money...you don't have to invest any more :confused::confused:
a couple of years back we were just under 4 million and the sheep around the sameQuote:
Originally Posted by Max
the down to Utd about 3.5m but theres been cutbacks since.
i'm sure these figures appeared on here at some point
Depends if the budget is purely for the first team squad or for all players plus coaches etc - they had 110 players and coaching staff according to their last accounts. I doubt if they can set a meaningful budget at this stage anyway with season tickets only just on sale and a proposed change of ownership in the offing. This looks like another #allisbarry article to me in an attempt to shift the STs. I notice he doesn't actually mention the £3m in the article itself though.Quote:
Originally Posted by Jack Hackett
C'mon Ozy mate, surely you know by now - the 'BBC guy in Lithuania' will be right on the case as we speak :faf:Quote:
Originally Posted by Ozyhibby
Assuming they've managed to prize Brian from thae cakes at Tynie :greengrin
Just reading that 2nd part of the wee fat strikers PR piece. Funny as.
Banderson startsThen Robertson goes onQuote:
Despite his reservations, Robertson is a realist.
:hilariousQuote:
“If there was a perfect wish-list, I’d love to see Hearts debt free,”
Here it is in English, from Bloomberg (note to Banderson, Bloomberg is a journalistic outlet with global reputation for good reporting)
http://www.bloomberg.com/news/2013-0...-s-assets.html
The chickens are coming home to roost. :aok:Quote:
Originally Posted by Springbank