Maybe there is a Lithuanian Creditors Private Board.Quote:
Originally Posted by CropleyWasGod
That bottles of Asti are going in fridges all over Gorgie.Quote:
Originally Posted by stevejordan
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Maybe there is a Lithuanian Creditors Private Board.Quote:
Originally Posted by CropleyWasGod
That bottles of Asti are going in fridges all over Gorgie.Quote:
Originally Posted by stevejordan
Quote:
Originally Posted by Weststandwanab
Or.... The freezer... :rolleyes:
Looks like the Prosecutor is reminding the administrators that Romonov is still a fugitive and the shares are frozen. Why make a statement today the same day as Adomonas gave the rubber stamp/green light?
http://www.lithuaniatribune.com/6563...elp-201465632/
But I thought you were Scott jambo or was that Sergey? Oh aye if you're Sergey as well then that would make you all three not to forget Bryan Jackson. I've lost count now time for a lie down. Gies a shout when the freezer opens :wink:Quote:
Originally Posted by Bajillions
cheers for clearing that up i work beside a couple of jumbos and the way they have been celebrating they said it was in the bag now looks like they are counting the chickens before they have hatched yet again.Quote:
Originally Posted by CropleyWasGod
Im spartacus, I mean Sergey..Quote:
Originally Posted by BH Hibs
And I Thot you were GG, CWG and Caversham ???? Confused. We will be.Quote:
Originally Posted by Bajillions
One of them has posted an image over there but it's members only, I assume it's either a screenshot from here or some sort of image supporting their case, is anyone able to see it?
Quote:
Originally Posted by CropleyWasGod
Maybe its the Ukio Creditors committee that is meeting. That would not require a public announcement.
This still doesn't mean the shares are unfrozen. Knickers can stop twisting.
Photo of Shaun Lawson's or craigieboys mawQuote:
Originally Posted by Bajillions
Attachment 12227
It's as if someone on Kickback is reading your mind Steve. :hmmm:Quote:
Originally Posted by stevejordan
Posted Today, by An Imaginary Friend 17:36 (a whole three minutes before your reply to CWG)
Cropleysaknob when asked a question gave this well informed answer=
Originally Posted by stevejordan
What does all this mean ?
Briefly:-
On the face of it, it seems like a step in the right direction for them. The quotes are more credible, given that they come from Gintaras Adomonis, the UKIO admin.
He has stated that there is a meeting of UKIO creditors on Friday. However, given that the agenda for the last one was published online, and that there was a period of notice, I am surprised that another meeting has been called so soon.
His statements about the UBIG meeting seem to be guesswork.
He also answering question as if he is the Lithuanian expert on Ukio Ubig and their administration legal system. These muppets actually believe him as well.
Quote:
Originally Posted by stevejordan
Must be hard working with all those Jambos counting their chickens, eh? ****ing muppets.
Here's the interview with VR that appeared in the Lt. press at weekend. Bloke met him in cafe, Interpol must have had the day off that day. Vlad still comes over as having more flannel than a Turkish bath-house.
http://translate.googleusercontent.c...A#.UzBoxF7mzNw
sniffQuote:
Originally Posted by Filled Rolls
Snuff very soon, I fancy.Quote:
Originally Posted by Kato
The pipes the pipes are calling.
gazuntiteQuote:
Originally Posted by Filled Rolls
Only Hibs could make their rivals feel good about relegation. If only we'd settled for that and not gotten our hopes up about Liquidation.
It's going to be years till they go bust now. Goddam you Mr. and Mrs. Staja Insurance!
Quote:
Originally Posted by Kato
Is that the French version of Gesundheit?
Relax and enjoy the relegation party. All they've got to celebrate is shafting people, HMRC, banks, businesses and charities out of over £28m. Never stop reminding them of that.Quote:
Originally Posted by Filled Rolls
Quote:
Originally Posted by Spike Mandela
Double that and half again.Quote:
Originally Posted by Spike Mandela
Ask someone on nevergettheirprideback, they have all the answers.Quote:
Originally Posted by keekaboo
Well that's me freaked right out, cheers!! :-oQuote:
Originally Posted by Filled Rolls
It's Life Spock but not as we know it :wink:Quote:
Originally Posted by stevejordan
Another anniversary date nears.......
http://www.bloomberg.com/news/2013-0...-s-assets.html
Quote:
Originally Posted by Spike Mandela
It is worth remember the similarities between the situations of Vladimir Romanov and Vladimir Antonov, and that of their respective playthings, UKIO Bank and Snoras Bank. Antonov is currently on trial I believe and the assets of Snoras remain frozen. The Lithuanian authorities have previous and I fail to see how (or why) Romanov and UKIO could be treated any differently.
If it really is green lights all the way after Friday's meeting I guess that Hearts will exit aministration very soon and can get moving on selling their season tickets; they can start buying players again, they can even get big nose back I imagine, they can start looking at the plans to build that new stand (the slope and angle of the tiered seating to reflect a certain facial feature of you know who). They can face a season in the lower division in order to rebuild. They might have to consider a new management team of course to match their ambitions but they will be prepared to live within their means and face a season winning without Craig. They will be debt free and stronger for the experience.
I presume that one of the green lights is that the vote at the meeting automatically overturns the court ruling on the frozen shares and assets of Hearts and that everyone involved can move on to beating that bunch of financial miscreants from the West to the title.
I just think it is a little bit ironic that all of those lights are going to have to be green for it all to work out. It's a good thing they have nothing against the colour green.
So it only needs rubber stamped, they have been given the green light, blah blah blah #allisbarry
They are marching on with their heads above the clouds. :greengrinQuote:
Originally Posted by JollyGreenGiant
Attachment 12235
I'm pretty neutral as to whether they get the liquidizer or not. Watching the flumps turn on each other over the next couple of seasons will be just as entertaining. That's "if" they have the Green Light/Rubber Stamp. I say "if" because never have so many flumps waffled as much crap to each other and believed it as that lot do and the whole thing could be a load of old cobblers. .
The party I feel most sorry for in all this unseemly mess is the rubber stamp.
His replacement by the green light has been both ruthless and callous.
It seems like he's joined the fax machine, the million-pound box of stand planning applications and Larry Kingston on the pile of broken down machinery.
I still want them dead now. Not wriggling away..............dead.
The administrator in charge of Heart of Midlothian’s largest creditor has told STV he believes the deal to transfer shares in the club to the new owners will be given the green light next week
Gintaras Adomonis of Valnetas UAB, the firm overseeing the bankruptcy of Vladimir Romanov’s collapsed Ukio Bankas, confirmed a meeting of the creditors of the bank will convene on Friday.
http://www.hibs.net/images/smilies/not%20worthy.gifhttp://www.hibs.net/images/icons/icon14.pngQuote:
Originally Posted by Dashing Bob S
All hail STV for actually speaking to someone, other than our own experts, who might know whats going on. Here's hoping it catches on.Quote:
Originally Posted by hibees 7062
Strange Green Lights over Midlothian It's all a bit Alien to me ,Have we not been here before only to find out that UFO s don't actually Exist :wink:Quote:
Originally Posted by hibees 7062
Lets analyse what exactly is said in the STV report.Quote:
Originally Posted by hibees 7062
Old news - I knew this on Friday and the UBIG administrators informed moi only this morning that there is no meeting planned.Quote:
The creditors meeting held on the 28th of March will be the meeting of Ukio Bankas creditors, not UBIG.
Hmm - not sure about the 'no alternatives' statement - there are other alternatives. Selling the real estate at market value is the most obvious one.Quote:
“It is considered that the creditors of Ukio Bankas will approve the deal of Hearts sale to BIDCO. There are no reasons to believe in any other decision as no alternatives have been proposed to be included in the agenda.
hibs.net are one step ahead of you on this one Adomonis/Borthwick - We know only too well that a date is yet to be confirmed.Quote:
As far as we know, UBIG’s creditors meeting is planned at the end of the next week, but it is still to be confirmed.
Belief and fact aren't the same thing - I'd also like to know who the 'we' are - 'believe' what the creditors of UBIG will do isn't within your control.Quote:
We believe that the creditors of UBIG will also approve the deal during the meeting and it will be green lights all the way
So we have a "as far as we know" a "we believe" and an "if" in the report that was written by a Jambo journalist who's relative robbed the Willie Bauld Charity for £10k.Quote:
If the approval by the creditors of Ukio Bankas and UBIG is on hand, the process will move forward as soon as possible.
Other than Banderson and Borthwick, no other info is being reported.
Maybe the Lithuanian press is where to garner the real facts of the matter...or on here!
If they are dead how can they wriggle awayQuote:
Originally Posted by PatHead
Sorted the original post -Quote:
Originally Posted by Ronniekirk
http://www.scotsman.com/sport/footba...ship-1-3352250
Scotsman catching up with Hibs.net
" UBIG creditors meeting not on Friday as previously claimed " :thumbsup:
Are UBIG not their largest creditor?Quote:
Originally Posted by greenginger
Can someone answer me this?
If UKIO agree to the CVA and the money for the transfer of the shares is paid across, what happens if it subsequently proves impossible to get the UBIG shares defrosted?
Is there not a very real danger that Hearts would then go into liquidation and the money be lost to foh?
Unless:
1. There is a condition on the sale to the effect that all bids are off if the UBIG shares can't be released by a certain date. I wouldn't be happy about this if I were the UKIO admins and I knew market value for the sale of the pbs could be obtained.
2. BDO and foh are 99.9% sure that the share transfer will be waved through by the UBIG liquidators and Lithuanian courts within a very short time frame.
3. Hearts can limp on in administration until such time as the shares are released.
From what I remember, the FOH offer is conditional on their getting hold of both the UKIO and UBIG shares.Quote:
Originally Posted by Stonewall
The budgie hasn't uttered a cheap fae that beak of hers for a while .So there are iether unforeseen problems and she doesn't want to impart bad news till after team are relegated or BJ with added impetus of her legal team and some business sweeteners along the way are working frantically behind the scenes to .get the deal pushed through by her stated deadline which was end of April.she knows Memorandums of Understanding are Nae use .whether the shares get unfrozen in that timescale or a definite date agreed when that bit can happen I don't know but if she doesn't have that all signed sealed delivered and unfrozen by them surely it has to be LiquidationQuote:
Originally Posted by Peevemor
Apologies in advance if i may have missed something here but.....is it really so simple as say they agree to the shares handover at this meeting and they just hand them over?? Does it not need to get the OK from the courts before any shares can change hands? :confused:
Quote:
Originally Posted by Peevemor
No, Ukio Bankas owed £ 15.48 million, UBIG owed £ owed £ 8.15 million by the Yams.
UBIG probably owe the £ 8.15 million and a hell of a lot more to Ukio Bankas but that' a different story. :greengrin
UBIG are the largest shareholder.
Question is even more relevant with the UBIG shares; given they need them for majority control.Quote:
Originally Posted by marti1875
Despite all the good information on here, the UBIG shares remain a bit unclear IMO and we are certainly nearing the end game, one way or another this will be clear in a matter of weeks.
Once we relegate them fans will be Seething .will be interesting to see how they deal with things in aftermath of this as recrimination and blame and guilt and sense of loss as it's another nail in their coffin .if there is potential good news they will need to talk it up to placate the 400,000 hordes descending on Tynie looking for answersQuote:
Originally Posted by Craig_in_Prague
also claims that meeting is at the end of next week, barry must of gotten his meetings mixed up :wink:Quote:
Originally Posted by greenginger
Deliberately to try and whip up interest in derby Any update on how their tickets are going No doubt they will find a way to announce it's a full house :wink:Quote:
Originally Posted by NOLA
http://m.edinburghnews.scotsman.com/...ough-1-3352352
HEARTS have received good news off the field today, with the administrator of their largest creditor confirming that he expects there to be no hitches with the transfer of Ukio Bankas’ shareholding in the club to Bidco, the Foundation of Hearts’ purchase vehicle.
Ukio Bankas’ creditors are due to meet in Lithuania on Friday and Gintaras Adomonis, who works for Ukio administrators Valnetas, is confident that they will approve the transfer of their 29.5 per cent shareholding in Hearts.
“It is considered that the creditors of Ukio Bankas will approve the deal of Hearts sale to Bidco,” he said. “There are no reasons to believe in any other decision, as no alternatives have been proposed to be included in the agenda.”
If the Ukio sale is approved, Hearts will then just require the transfer of the 50 per cent shareholding owned by their former parent company Ubig in order to complete their Company Voluntary Agreement (CVA) and come out of administration.
Ubig have yet to confirm a date for their creditors’ meeting, but Adomonis again expects that transfer to go through when the relevant meeting is held.
“As far as we know, Ubig’s creditors’ meeting is planned at the end of the next week, but it is still to be confirmed,” he said. “We believe that the creditors of Ubig will also approve the deal.”
Guess the courts must have unfrozen the shares then, as there's no mention of this in the Scotsman story.
As far as I know, the UBIG creditors meeting is at the end of December, but this has not yet been confirmed either
All this is moot. Didn't they come out of administration in February? I'm sure an in-the-know Jumbo told me that... to be fair, I haven't checked whether this happened, but why doubt them?Quote:
Originally Posted by Jack Hackett
Yip, the Yams journey from cheating, lying, charity thieves to Glorious Salvation was as enjoyable as it was inevitable. It's all over.Quote:
Originally Posted by jacomoseven
:greengrin
Judging by Kickback they've got themselves a new song for the derby, it goes
"Can I have a PM please"
Not sure I get it but they never were the brightest bunch.
I find it interesting that this Gintaras Adomonis is so openely confident and vocal about the outcome of this meeting wheras Bryan Jackson is always more cautious and respectful of the power of creditors.
Maybe it is just the difference between Lithuanian and Scottish personalaties but part of me wonders if this guy is trying to convince himself as well as others that this is as much of a done deal as he thinks.
It all sounds quite encouraging for them, but, surely there's nae need for panic until the Lithuanian courts leave the shares sitting in front of their coal fire.
It's not in BJ hands, so he's bound to be a bit circumspect. It's in his interests to err on the side of caution at every stage.Quote:
Originally Posted by Spike Mandela
I guess what the Lithuanian guy is saying is that there is no rival bid for Tynecastle on the table - therefore, UKIO will in all likelihood accept the CVA proposal. UBIG likely to fall into line with that decision - once they meet, of course.
Exactly, that's what i was asking a few posts back as the way they are going on jt's as if the shares become defrosted immediately and handed over as they (very conveniently i guess) make absolutely no mention of it having to go through the Liths courts to try and get them defrosted....unless i have it completely wrong and i'm just slavering? which has been known, :greengrinQuote:
Originally Posted by HUTCHYHIBBY
I may be thick but, are the shares frozen or not??
Sent from my Nexus 7 using Tapatalk
The last time it was mentioned in the MSM with any authority:-Quote:
Originally Posted by kaimendhibs
http://www.bloomberg.com/news/2013-0...-s-assets.html
Quote:
Originally Posted by CropleyWasGod
Quote:
Heart of Midlothian owner Vladimir Romanov’s assets were frozen by a Lithuanian court, derailing any potential sale of the Scottish soccer club.
The assets of Ukio Banko Investicine Grupe, or UBIG, through which Romanov controls 79 percent of Hearts in Edinburgh, were blocked yesterday in the course of a lawsuit against the Russian-born investor and his sister, Olga Goncaruk, Kaunas District Court said today on its website.
“Any sale or transfer” of UBIG’s shares in Hearts or its other property “is forbidden,” Gintare Putnikiene, a spokeswoman for the court in Kaunas said by phone today. Several companies are suing Romanov and Goncaruk to recover “large debts” the two jointly undertook, Putnikiene said.
Do they sound like creditors who would let HMFC shares be sold on the cheap?
Ill add that although that's nearly a year ago there was news this week that the lith authorities are still trying to extradite Vlad. It'd be foolish for them to have unfrozen his assets when he's still on the run.Quote:
Originally Posted by CropleyWasGod
Is it not Vlad that's trying to extradite Vlad, given that he owes the money to himself?Quote:
Originally Posted by Bajillions
Cheers guys, feel better now
Sent from my iphone
That's the Court official that is quoted.:wink:Quote:
Originally Posted by Peevemor
As for UBIG, though:-
As creditors, they are getting nothing.
As shareholders, they're getting money for something that's worth nothing. They're likely to accept the deal.
:greengrinQuote:
Originally Posted by Peevemor
Putin won't give him up easily. He's piloted a submarine through the Baltic, dontcha know?
Are they allowed to even 'accept' the small offer for shares, which they legally cannot sell?Quote:
Originally Posted by CropleyWasGod
as has been said all along, the UBIG shares which are apparently frozen, is key to the whole thing.
There is no sign of any UBIG meeting yet, but I wonder if UBIG know shares are frozen, if they will actually be able to 'vote' and accept an offer.
confused .com
So Ukio agree the £2.5m CVA and transfer of their shares, then sometime in the future UBig agree the transfer of their majority shareholding for £50k it then all goes to a court for it all to be legally ratified. Presumably it is at this point somebody points out that these assets are frozen as part of a criminal investigation.
What happens then? There must be precedents in business administrations. Would an IP like BDO proceed as far as this if there was a likelyhood that the prized shares are unattainable?
Okay, I'll try and explain it another way.Quote:
Originally Posted by Craig_in_Prague
You and I agree that I can buy your house. We agree the price, the entry date and everything else. In most people's eyes, we have a deal.
However, there is an inhibition on your house, put there by the Court.
That means that, no matter how willing we both are to make the deal, it can't happen.
That's the analogy here. FOH want to buy the UBIG shares. UBIG's administrator wants to sell them (although his "bosses", the creditors, haven't actually instructed him to do that yet ). They can make whatever agreement they want. However, they can't be sold until the "inhibition" (ie the Court freezing) has been lifted.
When the story of the Hearts/Vladimir Romanov embezzlements becomes a Channel 4 or BBC movie, it will be interesting to see who portrays Gintaras Adomonis who seems to act more like he is working for Hearts than his own creditors in Lithuania. What is the motivation for someone in his position to campaign for this CVA which involves gifting land to Hearts that they were previously offered £22 million for. There has been a property crash in recent years, but only a complete and utter incompetent would think that the value had dropped by 95%. Nowhere in the UK or the entire planet have land values dropped by 95%, even surrounding ***ushima. Whoever portrays Vladimir Romanov as owner of Ukio Bancas and UBIG will probably be rolling about laughing in his Moscow mansion at the end unless The Prosecutor General Darius Valys can have him extradited. The script will either be a tragedy or a comedy or perhaps a mixture of both.Quote:
Originally Posted by Spike Mandela
I hope Irvine Welsh has already jotted down an outline for the screenplay and that the title is "CHEATS". :greengrin
That is extremely pleasing.Quote:
Originally Posted by CropleyWasGod
Sent from my iphone
To be fair to BDO, they don't "know" that the shares are unattainable. Nobody does, until the transfer is tested in Court.Quote:
Originally Posted by Spike Mandela
BJ has consistently said that obtaining the shares will be the most difficult part of his job. All he can do is take the whole process as far as he can, until such times as it is out of his hands, or it becomes clear that the shares won't be obtained before the money runs out.
If they are frozen for a criminal investigation it would surely be a matter of public record.:confused:Quote:
Originally Posted by CropleyWasGod
I understandQuote:
Originally Posted by CropleyWasGod
I suppose my thinking was do they need to agree sale of the shares and then from there, have it approved via the courts... rather than obtaining approval upfront from the courts that the shares could actually be sold.
Maybe there is no such dialogue with courts available and UBIG will go through the creditors voting, accepting of shares route -
But I wanted to check and at least ask, if UBIG administrators are fully aware the shares are frozen, then will they be duty bound to agree a sale and take to the courts.... Or not even bother trying.
I guess you can see what I am hoping for :)
That implies that he has some control over the release of the shares by the court which I very much doubt. Once the main creditors have agreed the sale of shares, isn't that more or less BDOs job done - apart from tying up the formal paperwork ?Quote:
Originally Posted by CropleyWasGod
It is.Quote:
Originally Posted by Spike Mandela
My point, though, is that BDO will take the process as far as they can... and then test the Court. For all we and they know, the Court might decide to let the shares go. BDO/UKIO/UBIG might be able to put up a case to show that there is no risk to the criminal investigation.
It's "job done" insofar as what they can do, but the CVA still wouldn't be complete.Quote:
Originally Posted by Onion
If the Court decided to release the shares, BDO would be back in business, and they would have to deal with the final formalities,
So judging by what they are saying in their thread, this PM is to do with Hibs.net, it's about either me or Sergey (or both), it'll cause a civil war on here and the police will be interested. Oh and we're all bricking it. And yet they'll say nothing in public and it's only being shared amongst the inner circle (donators and such).
Sounds to me they are doing exactly what they were slagging us off for. Claiming to have insider info and only sharing it with people who have forked over cash.
My hunch is that it's all nonsense. For it to be as earth shattering for us as they claim it needs to be said publicly, if they keep it private then it's of no consequence to anyone on here and thus was a pointless endeavour.
Im in sure this post will be interpreted by them as myself 'bricking it' but given I have no idea what they are talking about that's not really possible.
In terms of precedents, i like the Portsmouth fc oneQuote:
Originally Posted by Spike Mandela
The admins were different then admittedly. They were called Trevor birch & Brian Jackson...
:cbQuote:
Originally Posted by Bajillions
Just having a wee read through the vault to kill kill time I across this beauty from One Day Soon written in 2010:
:applause: Truer today that it ever was.Quote:
108 years without the Scottish Cup? Try 131 years of your tradition, history and honour gone forever because you sold your souls, and not even for 30 pieces of silver, back in 2005. We may win the Scottish Cup one day, but I doubt you will ever get your club back.
Oh and game, set and match to Sergey. Not for the first or last time.
Round yiz. :lolyam:
Surely no court date can be set before Romanov can be found
sounds like something to do with hibs.net main poster on this thread. they are all very excited so must be good.Quote:
Originally Posted by Bajillions
The reference by Adomonis is to the transfer of their shareholding in hearts. There's no mention of the security on the wongadome. Is it possible for them to say "Aye ye can have yer shares but we still want our cash for the PBS"?Quote:
Originally Posted by EdinCapitals
No.Quote:
Originally Posted by Brunswickbill
The transfer of the shares is part of the CVA. If they reject the CVA, the shares stay where they are and UKIO take their chances on the open market.
My take on the info coming out of Lithuania is that Adomonis sees Hear7s as victims of Romanov like the other creditors in Lith. As such he is trying to help help them in every way he can. Maybe some one should inform him that Hear7s were beneficiaries of Vlad rather than victims.
Quote:
Originally Posted by CropleyWasGod
You keep saying this Crops but if I own something which someone else desperately wants ( or needs! ) then by definition it has a value. In this case its really a matter of determining what that value is & it seems they've settled on £50,000. Personally i think they could have got a fair bit more, perhaps up to £250k before it became a showstopper for Budgie but it fits the general pattern of the Yam assets being undervalued. I'll make one prediction here & that is that if this situation is finally resolved by a CVA then Lord PB & I'm an MP will be loudly & smugly proclaiming just what an amazing deal they've secured for Yams.
I see there is a new programme starting on Watch on Thursday called Believe. Is this show about Hearts heroic bid to avoid liquidation? :-)
Point taken. I should probably add "on paper".Quote:
Originally Posted by brog
If the administrators can get their hands on the shares this will make it possible for a CVA to be be concluded and for Hearts to be in the Championship under the control of the old Biddie.Quote:
Originally Posted by brog
Without the shares the next best option will be a liquidation and a Newco starting at best in League Two.
The market value of the shares should be the difference if financial terms for Hearts over the next four years of spending one year in Championship and three years in the premiership as opposed to one year in League 2, one in League 1, one in the Championship and one year in the Premiership. That does involve some very big ifs I know.
I think that the economic value of the shares is worth considerably more than £50,000. But then again the site value of the PBS is worth considerably more than the old Biddie is going to pay.
That seems credible but it is Jambos that they are dealing with.
I have a question about the £50,000 that's being reported as being agreed for the price of Ubigs shares.
Can Hearts do that? I understand the £2.5m to Ukio as they hold the security, so no one else gets anything because the amount Ukio are owed is much more than Hearts can pay. What I'm confused about, is, can they just decide to pay another of their creditors something, when the rest will get nothing, or could HMRC for example block this? Or is it the case of Ukio as the biggest creditor can decide who gets what?
FOH are not paying UBIG as a creditor. They're paying them for their shares.Quote:
Originally Posted by EH6 Hibby
So, yes, they can do that.
Considering Hearts haven't been debt free for well over a decade and have endured some highs and lows during that period, it does make one wonder how they will approach living within their means. If they really do escape from this mess there may be a lot fewer highs and the lows may be deeper. What if there were a financial crisis at the club but they couldn't simply have an imaginery shares issue or swap debt for shares of give themselves an interest free loan or any of the other double dealing tactics that have been employed in the past? I just wondered if they have considered the longer term implications of life without profiting from dubious financial practices.
On a related point; if there ever were a criminal investgation into Vlad's empire and it was identified that Hearts were a beneficiary rather than a victim then I wonder if Hearts would come under investigation in a less sympathetic light? It may be a cliche but the old adage about who benefits from a crime and the other one about tracking the money might be considered. After all, by their own admission, they could come out of this debt free, with property valued consevatively at £6 million plus other saleable assets and be a going concern. They can't really claim the credit if they are only victims of circumstance but they can if they had some degree of control. I guess one can speculate on how much control they have actually had. I should point out that I am not a conspiracy theorist so I would always favour cock-up theory over conspiracy but it would just seem so wrong if you thought that, ultimately, £2.5 million would buy you all those assets and get you out from under approximately £30 million of debt...and you wouldn't even have to hand back the cups. However, I honestly believe that Hearts are victims in all of this...as next season will prove.
Loads of ifs and and buts! More erses than anything else though however, the facts: they are going to be relegated, they will not come back up at first attempt, they will be stuck if not relegated further! They will have no income to use on players given that heap they call a ground needs refurbished. Give them their CVA and their day of hurrah! But its short lived!!
:fishin:Quote:
Originally Posted by tomf
Good luck :greengrin
The decade in question being the 1960's.Quote:
Originally Posted by tomf