Surely hearts will resist any attempt at administration until the season is done. Relegation would be a double whammy. They pay whatever money they have from season tickets etc to avoid going down.
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Surely hearts will resist any attempt at administration until the season is done. Relegation would be a double whammy. They pay whatever money they have from season tickets etc to avoid going down.
The 29 bus has been parked at Silverknowes a bit longer than usual, and the driver has been on his mobile phone for ages. I also saw a couple of furtive looks from a crowd assembled outside Tanfield bowling club.
Can I suggest that all Hibs fans keep their eyes open for any suspicous movements in their area, and keep us all up to date. We have to protect the Yams from themselves now.
Let's be honest here, its not going to happen lads.
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http://www.youtube.com/watch?v=fNqoLRy4VHw
Is this big Vlad by any chance?
He said "the bank?" may look at it and say we're still making money:confused:
which "bank" is this,there is no "bank"
Why are people allowed to air views when they Realy
do not have a scooby.
he like the 400000 faithfull have had there head in the sand for so long
they Realy should by now have a grasp.
Led to believe by whom.He is a typical jambo who just spouts absolute nonsense to convince himself and his fellow jambos that all is barry. Even john robertson admitted that administration is almost inevitable.The truth is nobody knows what will happen and they wont go into admin for at least ten days with the bankruptcy appeal timescale.They will probably make it to the end of the season but with a deBt repayment of over £1m to pay next year plus another £.5m to the taxman means they start the season minus £1.5m before they start paying the players etc.Even the most fervent hertz fan can see that they are royally screwed and can only hope they somehow come out of it in the spl and playing at the pbs. Most likely they will go into administration on june the 2nd and start next season minus 12 points
The fact that they are so deluded on sickbag that they cant see this will make all the funnier when it does happen.A most enjoyable soap opera with im sure a very happy ending(for hibs fans that is)
Ha ha :thumbsup: do you think they are going to go for a high profile big bang approach and sit upstairs on the bus and complain loudly or just sit mumbling quietly to themselves downstairs? both strategies will be highly effective in yam terms and would definitely be a marked escalation to their previous efforts.
This bowling angle is a new and altogether more sinister development. I imagine the guy that sits at the door collecting names and 20p from non members will have to move to red alert and actually stand up.
Dangerous time to be in Edinburgh it seems, you have no way of telling when you might be confronted by a mob of 3 slightly perturbed but contemplative yams killing a bit of time before they get shouted in for their tea.
Wee Shaun Lawson is apparently crocheting a tea cosy in protest. It will be out in time for christmas.
Just heard that it is kicking off at BHS, Ocean Terminal. Other danger points appear to be Waverley Station - large crowd milling around aimlessly; Morningside Library looking settled just now. We await the LRT back shift clocking off nervously.
Nasty scenes at Haymarket, as a crowd set to gather round the clock have been told it is "at the menders". Reinforcements arriving from Dickens bar, Dalry Road. No Russian hats visible at this point, but a couple of oversized Nisa carrier bags may point to sinister intents.
Leith polis have crushed rumours that a cruiser parked at the docks is "The Battleship Potemkin". One thing is certain, uncertainty reigns in the Capital, and most certainly will continue to do so.
More follows.......
Nice of the BBC sport guy to wear his green suit & tie
Brian Mclauchlin live on BBC One just now.
He say's their are 3 possible outcomes.
1) Allow Hearts to keep servicing the debt as its interest only but that would leave the capital to be paid in 2 years
2) Find a buyer for the club
3) Put them into "the dreaded" administration.
LateSt long tweet from Mark Donaldson.........
There's been plenty talk about the possibility of Hearts going into administration becasue of the financial problems with UKIO Bankas, but let's put aside the 'sensationalistic' journalism of some and take a moment to examine sensibly what could happen next.
The liquidation process against UKIO Bankas can be appealed, and even then any process for full liquidation could take months to carry out. Heart of Midlothian, of course, is just one of many businesses that banked with Ukio.
It's also important to think of the political angle here. Just how keen would the Lithuanian government be to close down a major Scottish institution? The country is set to take on EU presidency from 01 July 2013 for six months, therefore inter-country relations are very important to them right now.
By the way this isn't some sort of Pravda-esque diatribe, there are of course two sides to every story and Heart of Midlothian Football club is still liable for a very large amount of debt.
The Lithuanian government, or those working on their behalf with the UKIO Bankas case, will very quickly realise the club owes them a lot of money. However they will also realise there is next to no chance they will be able to recoup every last penny of that money.
That is where Supporter's Groups come in, or anyone else with cash who is keen to invest in our football club. If a realistic bid can be made to the Lithuanian government to take over the running of Hearts - just my opinion but I reckon circa 5 million - then there's more than a decent chance of the govt accepting the offer thinking 'xx million is better than 0 million'.
Should an offer for the football club not be forthcoming then we cannot forget there is also, of course, the chance the debt could be recalled, which Hearts would not be able to fulfil and administration would therefore likely follow - although this is something that, if it does happen, will not take place in the short term so there's practically no threat of relegation to Division One for Hearts next season.
To conclude, it's my belief that a reasonable seven figure offer for the football club - preferably sooner rather than later - would be entertained by the Lithuanian authorities as it would be one less thing for them to worry about when it comes to recouping as much money as possible.
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@WelshIrvine: @Donaldson007 Never happen. Way too big a club.
It would appear Donkey's pulsating dish-towel holder is twitching like a sh*tting dug....