...whereas us peg selling hobos only had a knighted captain of industry to turn to in our hour of need.
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...whereas us peg selling hobos only had a knighted captain of industry to turn to in our hour of need.
So they wont go under for political reasons?Quote:
Originally Posted by Kato
And its best for Lithuanians to wait for 10p in the pound bid from a fans group then follow through on insolvency procedures?
And this approach will only happen for Hearts where as the rest of the UKIO debt will be called in through liquidation (I.e Hearts will be ring fenced and treated as a special case)?
Is that about the sum of it?
Me? I'm convinced.
May they should run as a special Yam edition - the (U)Big Issue?Quote:
Originally Posted by Peevemor
So this genius mp reckons nobody else will offer more than 2million for hearts assets so best to take the foundations offer. I hope no hibees vote for this plum of a man as he is clearly a bit dim
Sent from my LT30p using Tapatalk 2
Shirley Germans aren't going to be very sympathetic towards the yams, after losing two world wars to them.Quote:
Originally Posted by lord bunberry
254 people viewing this thread and it isn't even 8.00 am yet.
80 members and 174 guests.
I wonder what team the 174 guests follow..............
John brown in the Scotsman
“It has been disgusting,” he says. “I go back to the Italians, and the money they spent – how the hell could they afford what they were doing on the back of crowds of 5,600? Well, the answer is they could not afford it.
“It’s a bit like Hearts’ cup final when they beat Hibs, and they had boys on eight or ten grand, they could not afford that. Is that them cheating to win a cup final?
“Look at the state they are in, they could be going into administration themselves. The responsibility is on the owners for the management of the clubs, whether that’s Dunfermline or, in the past, Dundee, or what’s happened at Rangers, too.”
I don't blame the guests any dissent on Brokeback and the Stasi shut them down.Quote:
Originally Posted by Joy Zipper
Quote:
Originally Posted by carnoustiehibee
I agree on those points, should stir a few of the Yams who normally post on the Scotsman up...............
just about choked on my cornflakes :faf:Quote:
Originally Posted by lapsedhibee
John Brown speaking sense again. He's beginning to make a habit of that.Quote:
Originally Posted by carnoustiehibee
Indeed! Didn't they win the European Council as well? Sure that was one of the targets on the Dear Leaders believe list.Quote:
Originally Posted by Desperate Dan
Oh, I suddenly like John Brown again, always said he spoke sense :greengrin:Quote:
Originally Posted by carnoustiehibee
Where did this £15M to UKIO come from? Thought almost all their debt was to UBIG?
I'm still a little bit shocked that a member of parliament has come out and backed a football club to be able to walk away from it's debts, does this mean he is saying it's ok for businesses to tade in such a manner. I wonder if this is labour policy now:hmmm:
Maybe we should ask his party.
And if that fails, try to intimidate the Lithuanian Govt. by making vague threats against their presidency of the Council of the European Union.Quote:
Originally Posted by bighairyfaeleith
BBCBMcLauchlin@BBCBMcLauchlin1mHearts owe Ukio Bankas around £15 million. Debt likely to be recalled if bankruptcy approved #bbcsportscot
And they're going to take notice of a member of the UK opposition party.Quote:
Originally Posted by Part/Time Supporter
Today, could be oh so nice.Quote:
Originally Posted by s.a.m
Which would presumably prompt Hearts to go into administration immediately..............................Quote:
Originally Posted by s.a.m
that's more like itQuote:
Originally Posted by Mikey
Well that's just put a spring in my stepQuote:
Originally Posted by s.a.m
What time is the decision? I have to go to a meeting and would hate to miss the fun and games.
Not sure his figures are 100%, however I think any attempt to recover any debt in the millions can only spell one thing.Quote:
Originally Posted by s.a.m
Yes you guessed it.
JAMBOGEDDON !!!
Got tickets for the derby next week. Wonder who the money will go too, Oldco, Newco, or Noco!!!!
months after a more detailed assessment, in which case the
liabilities of the parties to the contract will also be revised,
the central bank said.
Bankruptcy proceedings are planned to recover remaining
assets of Ukio, including property in Scotland and elsewhere,
for creditors, among whom the deposit-insurance fund will be the
largest, according to the Bank of Lithuania.
The EBRD owns 19.6 percent of Siauliu, which after Ukio’s
collapse is Lithuania’s only publicly traded bank. Siauliu
shares rose 10 percent to 0.267 euro in Vilnius on Feb. 13, when
the lender announced plans to negotiate for Ukio’s assets, and
closed at that same level on Feb. 22.
For Related News and Information:
Lithuania company news TNI LITH COS <GO>
Top Stories: TOP <GO>
--Editors: Kristen Hallam, John Deane
To contact the reporter on this story:
Bryan Bradley in Vilnius at +44-20-7330-7500 or
What's your take on it? In a language the rest of us can understand :greengrinQuote:
Originally Posted by desantos0773
Could this be where the Administration rumours have come from this time?
Hearts know it's out of their hands and so they have put the pieces in place so that if the news in Lithuania doesn't go their way they can pull the trigger themselves in an attempt to gain some protection? It would certainly explain why there is apparently an administrator already lined up and why they have statements saying #AllIsBarry so they can cover all the options.
This is a report from end February. The temporary administrator has carried out a thorough analysis of the assets and liabilities. They know exactly what they can and can’t recover. Loans to Hearts and UBIG (Romanov) have been classified as “bad” and part of the gap in £300 million gap in assets and liabilities. The Lithuanian state has filled the hole by issuing debt to the bank taking over the good assets and with the proceeds given a loan to the State insurance company who made good the £300 million hole. They will now attempt to recover as much of value of these assets as possible by selling them. I think they have already had discussions with Hearts who know what is coming – hence their talks with the council and having Tynecastle valued and administration to buy time.Quote:
Originally Posted by Mikey
Would UBIG as present owners not need to be involved in HoMFC entering Admin? Can the club directors do that on their own?Quote:
Originally Posted by Bajillions