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People physically peeing their yfronts in here today.What would this place go like if the SPFL decided to scrap relegation this year and the council announce a new 20000 seat rugby stadium was to be built this summer.
This vote was expected.they still have massive problems.
Jackson on SSN says it's another hurdle cleared. That's 2 out of 3 as per CWG's checklist.
Now we wait for the cooling off period to pass and find out just how frozen these shares are..............
Guff. We didn't win every game, but to say we didn't compete this season is simply untrue. Dont give them credit for something that didn't happen.Quote:
Originally Posted by jakeshibs
As for the rest of the post, the rotund female has belted out a tune yet.
We could also wait for a journalist to ask that particular question.Quote:
Originally Posted by Mikey
However................... :rolleyes:
Quote:
Originally Posted by jakeshibs
Which is, was and always should have been the sole focus anyway.
A wee reminder that the court case for Portsmouth's frozen shares took 5 months and several delays. And they remain frozen to this day.........
Perhaps someone would be kind enough to explain why there would be a difference with the Hearts shares :wink:Quote:
A court date was set and pushed back several times from the end of last year to a hearing finally taking place this month.
http://www.accountancyage.com/aa/new...-portsmouth-fc
And at what meeting was this CVA given the all clear?
Have I missed something. Sounds a bit dodgy to me and a blatant attempt to rally the yam hordes to fill up Tyinie :greengrin
I thought it was Petrie's fault. Or Butcher. Or Malpas. Or Fenlon. Or the players.Quote:
Originally Posted by One Day Soon
But it's this thread that's to blame all along :greengrin
It's just one of the many topics that people want to talk about :wink:
Hope yer right Mikey, that would be one in their eye.Quote:
Originally Posted by Mikey
The CVA was approved by the UKIO administrator in November, subject to the shares being approved for transfer. That approval has now been granted so, by my understanding, that means that the CVA has now been formally approved by UKIO.Quote:
Originally Posted by Coco Bryce
:top marksQuote:
Originally Posted by portycabbage
I'm able to focus on our season AND the mess our rivals are in.Quote:
Originally Posted by One Day Soon
This thread has been a been a brilliant laugh and will continue to have the yams raging until the whole sorry affair is done and dusted.
I just don't see why the Hearts shares would be treated any differently. No-one has been able to come up with a reason why they would.Quote:
Originally Posted by greenpaper55
So in theory they have to be unfrozen by the Lith courts once the cooling off period has ended.
Time will tell I guess.
http://vz.lt/?PublicationId=a8d93ef1...=powerlinklist
Agricultural Bank creditors committee today approved the proposal for the amount agreed to abandon rights to claim Scottish football club Hearts of assets, including shares in the company `s managing the mortgage, the bank shall notify the trustee.
the outpouring of joy and emotion from media sources on twitter etc. is just cringeworthy. All people with very very short memorys.
Don't know why people keep saying they haven't got away with it and that they will struggle. They will still have a bigger budget than every team in Scotland bar about 5 or 6 teams. Everyone seems to be pinning their hopes on the direct debits drying up, but I am not so sure they will. They get compared with Portsmouth but that's a completely different situation. Most of Scottish teams budget comes from the fans, hearts have a large fan base so they will be fine IMO.
How so?Quote:
Originally Posted by HFCDaveA
A lot of people getting a tad upset on here. Why?? If they do come out of all this with there CVA, playing in the championship, reality will kick in I would say, christmas, when they are paying direct debits, as well as a season ticket to watch poor players in a league they won't win. Despite all there whooping and hollering they know it..... Let's see them buy there way out of that one with nae money.
Quote:
Originally Posted by Mikey
You missed out Salmond from that list..........typical #adminpricks
We should obviously be capable of talking about more than one subject at a time. What worries me is the amount of emotional investment into the demise of the Yams that this thread has given vent to. It is a bit like, in fact I think it is exactly the same as, the Anyone But England view that emerges around World Cups and European Championships. The mentality seems to be that we are guff so let's get our kicks instead by hoping that someone else is catastrophically bad. I'd be a lot more comfortable gloating over the imminent wilderness years of the Yams if I felt we were on an improving track with a clear plan.
The outpouring of angst about them not being liquidated seems to me like transference of emotional pain from our being pi5h to them being ended, but choked off by a last minute reprieve for them.
They are paying a price and they are going to pay that price for some time to come. Ultimately though a fairly run, non financially doped Hearts is an asset to the SPL and good for Edinburgh football in the long term. Romanov and his regime put poison in the Edinburgh football waters and the quicker we get back to a less hate filled rivalry the better.
Our job, Terry's job, is to make us into a tough, winning mentality club so that we can justly claim to be top dogs in the capital for football, Scottish Cup winners and one of Scotland's best sides. To me, everything else is secondary.
Hearts have escaped a quick death. Now they will go through a long a painful one and we will still be watching it over the coming years.
These are the same cheating people who will be encouraged to think they can continue in their ways unpunished. Yet another punishment will arise from their own demands and the inability of their owners to satisfy them. Their insanity has not reached it's peak and they will devour themselves from the inside. They have jumped from the frying pan into the fire. In failing to be judged by others, they will now be judged by themselves, and who could be more brutal judges than deluded and angry jambos.
Yeh I've noticed that also. Has pisses me off more then the actual outcomeQuote:
Originally Posted by Sean1875
Quote:
Originally Posted by GreenLake
What at I was trying to say.... Just put better!!! :thumbsup:
So if the cooling off period takes us to the 6/7th of May, and they're due to run out of money in the next couple of weeks, might it all depend on the SFA giving them the money up front instead of at the end of the season.
Or am I desperately trying to grasp at some tubular drinking implements?
Quote:
Originally Posted by Bishop Hibee
Indeed! I don't think this affair will ever be done and dusted and we should keep reminding them about the heinous crimes they have perpetrated. :agree:
Not likely. Even if they continue to charge Premiership ticket prices (which would be a rip off) they have lower crowds, less TV money and much less prize money to factor in. Also this Budge woman has indicated Hearts will be a tightly run ship, not going off course like it did under VR. They won't be spending their way out of trouble again.Quote:
Originally Posted by HFCDaveA
It wasn't really expected though was it. The last few days everyone was talking about 'the big L' on here.Quote:
Originally Posted by Waxy
They're still not out the **** as much as they say they are however.
What are the differences?Quote:
Originally Posted by HFCDaveA
While you're working that out I'll give you the similarities........
Same country
Same legal system
Both had an owner who owned a Lith bank and spent millions of depositors money causing the bank to fold
Both of those former owners are on the run
Everything linked to Snoras remains frozen. Even the shares of a football club that won the FA Cup a few years ago. Why would the shares of a club that won the Scottish Cup a few years ago be treated any differently?
And not just differently, but be the one exception in all of this??
Lower crowds? Again another hibs.net myth! Why do you think the crowds will be lower? They will have a bigger crowd than anyone in the championship apart from rangers. They will get tv money next season as the rangers hearts games are bound to be televised.Quote:
Originally Posted by The Governor
If you look at the average attendances of teams in the championship you will see how much more hearts will get. I firmly believe hearts will finish second next season and have a chance to come straight back up.
Jackson says hopefully concluded before the end of the season
http://www.edinburghnews.scotsman.co...sfer-1-3378009
Long time since I've posted on the forum but following this thread for what seems like an age....
Can see it now if / when the shares are transferred and the Budge gains control, the For Sale signs will be up outside Tynecastle before you know it with an asking price "slightly" inflated than the £ 2.5m asking price she acquired the whole shabby institution for !!
Then enter our esteemed Council, ignoring the fact that our schools are literally crumbling and the cash they squandered on the trams fiasco, to announce a Community stadium to replace Meadowbank.....with the Yams up in arms that the proposed stadium has a planned running track !!
Anyway....***** em ! Time for Farmer / Petrie to get our act together and get a team that we can shout about on the park to go with the infrastructure we have inplace of it !
Quote:
Originally Posted by The Governor
Cat among the pigeons.
The lady is not for girning. They will greet and girn but she won't splurge. She will make Petrie look like Abramovich. I hope she does though, so we have admin 2, which we will all be secretly waiting for on hibs.net.
"Admin 2" coming to a Tynecastle near you soon. :na na:
Salmond!!
I'll be keeping a close eye on Scotland's foreign aid budget from now on just in case the Liths have been earmarked for any special benefits.
This is the one thing annoying me, and that I dont get.Quote:
Originally Posted by Mikey
As stated everything is pretty much the same as portsmouth, including the administrator. So why would BDO go throug hall these hoops to get the CVA done if they KNOW the share are frozen, and likly to be a problem? Surly all the hearts fans would turn on them more if it turns out they are frozen and Liquidation does still happen as they would have been strung along for last 10 months?
Also the fact WE have been saying about the frozen shares since last year, and yet NOBODY from the media seems to have asked this question, why is this?
It seems this is clearly the biggest hurdle
is it possible the bidco deal can be approved, with the transfer of the stadium debt be included, onl for the shares to come into play and liquidation happens BUT as the debt of stadium doesnt fall into the category of frozen shares Heats get to keep the stadium for 2.5 million?
Fewer away fans visiting Tynie is what I meant. Ok, I know Rangers and maybe Falkirk and Dundee (depending on who gets promoted of course) will take decent numbers, but will that be the case for games such as Livi, for example who only get 1,000-odd at home or Alloa who only get 600ish at home? They won't suddenly find big supports to take to Tynie.Quote:
Originally Posted by HFCDaveA
And I didn't say no TV money, but less tv money. They'll have a very good budget for Championship football but it's not going to be an unsurmountable chasm between Hearts and the rest - nothing like the Celtic-everyone else chasm in the Premiership.
Got to say, DeSantos, well done. You were the only one who knew the real details when push came to shove.
One question, why were you quoting yourself yesterday?
So between the 50% and 30% for the UKIOS combined is it still Vlads niece that has the other 20% odd?
Given the way the BBC article is written you would think that this really is final now and Jackson has performed a near miracle. If he comes out now and says they are over the line then that's it. Some deal may have been done in the background on the frozen assets of UBIG. Although they won't have it easy now for various reasons they will bounce back relatively quickly. Our job is now to stay in the league this season and be much better prepared for when the top league includes Rangers and Hearts along with Aberdeen, Dundee United and Celtic. It's a big challenge for us.Quote:
Originally Posted by Mikey
No.Quote:
Originally Posted by Hibee87
If the shares aren't transferred, liquidation happens and the PBS is up for sale.
Aye. The people of Scotland pay to get them off the hook without knowing it. This is the reality that is happening now.Quote:
Originally Posted by Golden Bear
Maybe you were not around in the 70's/80's when Hearts were living within their means?Quote:
Originally Posted by HFCDaveA
Year--------Division---------Average Attendance
1978/79-----Premier--------------10,831
1979/80------First------------------5,735
1980/81-----Premier---------------7,759
1981/82------First------------------5,157
1982/83------First------------------5,908
No club that has escaped from admin has ever been close to being the same again. Motherwell are the only ones who have made a decent fist of it. The others have mainly gone into a downward spiral. I'm not just talking about Scottish teams here. Hertz have plenty of pain to come. They'll be strugglin'.Quote:
Originally Posted by The Governor
We knew it was coming to this. Clutching at the final straw of alleged frozen shares.
BDO and FOH have never seemed to acknowledge it as being a problem and have cleared the other hurdles to date so it appears to me that the show's over.
Well this just makes me wonder WHY BDO have never mentioned shares as they clearly have previous knowledge on how this is likely to pan out, and even more annoyingly (as said many time by many people on here) WHY has the media never mentioned this? its not like it will come as a suprise to anyone should the frozen shares force them into liquidationQuote:
Originally Posted by CropleyWasGod
[QUOTE=inglisavhibs;3971659]Given the way the BBC article is written you would think that this really is final now and Jackson has performed a near miracle. If he comes out now and says they are over the line then that's it. Some deal may have been done in the background on the frozen assets of UBIG. Although they won't have it easy now for various reasons they will bounce back relatively quickly. Our job is now to stay in the league this season and be much better prepared for when the top league includes Rangers and Hearts along with Aberdeen, Dundee United and Celtic. It's a big challenge for us.[/QUOTE]
:agree:
Let's get back to reality and concentrate on putting our own house in order. Much work is required.
Lots of pink in the usernames below. They seem to be enjoying reading the news on here more than on Kickback.
On behalf of Mikey and the team, thanks for supporting hibs.net ad revenue :wink:
What happened with Portsmouth? Did they also get their CVA approved?
:aok: I remember it well, could not exit the lower Division at the first time of asking ! then the financial doping started which leads them back to where they are now, hope they stay down for a decade.Quote:
Originally Posted by GreenLake
they dont need him to beat us tbf :wink:Quote:
Originally Posted by Hermit Crab
Dont really see how you can use 70's/80's attendence to compare to what hearts will get next year, there is around 2 new generations of fans born since those days..... its a pretty moot point, the truthful answer is hearts will likely average around 11 k in the first divisionQuote:
Originally Posted by GreenLake
Yes.Quote:
Originally Posted by Waxy
http://lmgtfy.com/?q=Portsmouth+cva
Only Jackson will be able to tell us why there appears to have been a difference, but with him now saying they could be out of admin by the season's end then the frozen assets in this case are obviously not an issue.Quote:
Originally Posted by Mikey
They did yes. They reached the stage that other mob are currently at.Quote:
Originally Posted by Waxy
:agree:Quote:
Originally Posted by HUTCHYHIBBY
Must browse the Portsmouth forum(they must have had a similar thread). Guess it was like this. Bet they were ecstatic the day their CVA was approved. Then?
Ps i have nothing against Portsmouth.
That's about what they average now with SPL away fans at matches.Quote:
Originally Posted by Hibee87
NonsenseQuote:
Originally Posted by Hibee87
The 80s are the true barometer (and you can say the same for Hibs under mogga)
Winning team - 14k crowds
Losing team - well under 10k
Be aware. Portsmouth were in administration twice.Quote:
Originally Posted by Waxy
Bet they don't, when they sign very little in the summer and start getting humped by eevryone in that leage, mind it's a good league and teams like Dumbarton etc are not going to lie down to them, then the fans will dissapear like snow off a dyke.Quote:
Originally Posted by Hibee87
whether thats genuinely 11k or the yams super-special-bumper-made-up attendance still remains to be seenQuote:
Originally Posted by Hibee87
Did BDO take them out of admin twice?Quote:
Originally Posted by CropleyWasGod
If they didn't doctor their attendances, I'd be happy to make a bet with you that that simply won't be the case.Quote:
Originally Posted by Hibee87
Assuming that all the pledgers continue with their DD's - say £20 average a month? Add that to Premiership ticket prices and you're looking at an outlay of £600+ to watch every game in the season against the attractions of Dumbarton and Cowdenbeath. That's a fair wedge, and Is suspect people will pick and choose. They'll have a hard core of course but would be surprised if thats much more than 8000.
The crowds will fall, especially if they aren't up there challenging, which I suspect they won't be.
Its sad they're no deid, but it's not sad that they will take years to recover. I see admin 2 on the cards...
They will have a higher gate next season due to current emotional climate and survival efforts but the gate figures from the 70's are facts. A dreadful team playing pish football will soon devastate their gates once the pantomime ends. This modern generation of Hearts fans don't know a team funded by their own money. They also have xboxes and free online porn as alternative entertainment on a Saturday, not to mention window licking and puddle drinking. :greengrinQuote:
Originally Posted by Hibee87
And vastly different circumstances. There's a proper cause to rally round now, plus the cup wins will be untarnished to them hence goodwill retained.Quote:
Originally Posted by Hibee87
The away support logic doesn't really carry either. Providing Hibs do what they need to, each SPL and Championship side has a comparable aside from us and Aberdeen. The 100 Cowdenbeath would bring is hardly an economic disaster that would make you pine for the extra 50 Ross County supporters that would be missing.
Quote:
Originally Posted by GlasgowHibee
He's an old guy whose uisng an iphone for the first time and can barely see the text with failing eyesight and why there are so many typos. He apprecaiates all kind comments today. Loves the Hibs to bits and hates them Yams, he lived through 17 and 22 in a row, 4-0 and 5-1 but did see 7-0 in the flesh and 6-2 in a pub in Sheffield. GGTTH.......this is not over yet!
Sanger? A guy who used to sing?Quote:
Originally Posted by Sanger
In rough order of away fansQuote:
Originally Posted by RicheyWhite
Premiership: Hibs, Celtic, Sheep, Arabs, Well, Killie, Buddies, Partick, Saintees, ICT, Ross
Championship: Huns, Raith, Dundee, Bairns, Livi, QoS, Dumbarton, Hamilton, Alloa.
Tell you which group I'd prefer if I was looking for cash through the turnstiles.
how many points have we gifted them this season, compared to how many we took from them? we are not even guaranteed our own survival yet. not happy at all.Quote:
Originally Posted by Twa Cairpets
Didn't say I was happy, just said your statement was false.Quote:
Originally Posted by jakeshibs
You'd prefer the SPL, not saying you wouldn't. It's hardly a seismic downsizing between the majority of them though.Quote:
Originally Posted by Twa Cairpets
Which company will be prepared to stoop lower than Wonga and sponsor their shirts next season?
Yes. How dare people professionally immersed in Scottish football be happy that it looks like another Scottish football club isn't going to the wall.Quote:
Originally Posted by carnoustiehibee
No wonder we get called bitter Hobos so often...
Well it is, because most of them don't even reach 2000 at home and a sizeable chunk of Championship clubs don't even reach 1000 at home so they're hardly going to take decent crowds away.Quote:
Originally Posted by RicheyWhite
If you ignore parity for their games between us and the Huns for attendances very rough fag packet calcs you're taking out a minimum of 12000 bodies through the gates, and that's very conservative I think. Thats, what, £1/4 million on away fans only, never mind that less puddle-drinkers will go to see a game v Falkirk compared to a game v Celtic. Don't credit these deranged loons with any sense of genuine "big-clubness", they're not nearly as attractive as they think they are.Quote:
Originally Posted by RicheyWhite
You would do well to see more than 500 Dundee United fans supporting a run of the mill side. Killie, both Saints, Ross County, Motherwell and Inverness are all circa 300.Quote:
Originally Posted by The Governor
Dundee/Raith/Dunfermline/Falkirk all would better the lower of that scale. QOTS, Livi, Dumbarton, Hamilton, Cowdenbeath, Alloa probably/definitely wouldn't.
i think the decider will be how well they do in the 1st division. The momentum will be on their side at the start of next season, fans will be out in their droves buying everything that the FOH brainwash them into.
If they manage to keep that initial stage going throughout the whole season then I wouldn't be surprised to see crowds of 13k+.
You have to think about it from a reasonable unbiased opinion. If they do so happen to be challenging for the title then I'd imagine a lot of people would turn up, regardless of the opposition. It would be the exact same for us if we were to go down.
Hmmm.Quote:
Originally Posted by hibbill2002
Hearts and Rangers will come up next season. One as winners and one via the play offs. Hearts crowds won't suffer substantially imo.Quote:
Originally Posted by GlasgowHibee
I agree, it's sort of common sense that if a team is doing well and winning almost every week then they're going to entice fans back to watch. Even more so if they can put a fan ownership spin over it.Quote:
Originally Posted by Spike Mandela
Actually, if the Yams come up at the expense of the New Huns, I could almost forgive them. :wink:Quote:
Originally Posted by Spike Mandela
And here was me thinking they were still procrastinating when all along they were ruminating and making decisions . What will be ,will be ,am more concerned with our game on Saturday to be honest ,let's get some perspective and wait to see what detail follows all this .
Totally depressing is this news today I was convinced liquidation was looming
Quote:
Originally Posted by Springbank
I disagree that you can take the Hearts Yo-Yo years as a barometer of what attendances they'll get next season.
The late 70s/early 80s was the worst era for attendances in football since before the war, so most teams attendances were much lower than they are now. Take Hibs two First Division seasons as an example. Hibs LOWEST attendance in 98/99 was higher than the LARGEST attendance in 80/81 (both roughly 8.5k, and I was at both matches).
If you consider what happened to The Rangers support two years ago. They felt they had a point to prove and bought Season Tickets in massive numbers. You can argue about the prices of the tickets or whatever but the fact is they did it. Hearts fans will feel they have a similar point to prove and, IMHO, will do the same. I wouldn't be surprised if their average attendance next season is between 10-12,000.
The one thing that may happen that was similar was that Hearts had much bigger crowds in their FIRST season in the 1st Div than in subsequent years. If they stay down, that would probably happen again.
Don't have a problem with that but if they were to come straight back up and not seem to have been affected in any way then it's almost as if the punishment has benefited them ,so much for sporting integrity being at the heartQuote:
Originally Posted by GlasgowHibee
Haven't you heard? Sporting integrity means absolutely sweet f all when it comes to the jumbos.Quote:
Originally Posted by Ronniekirk
Seriously, todays news about Hearts is making you depressed? I think you need to get a life mate.Quote:
Originally Posted by stevejordan
Being declared bankrupt, losing your job, your wife or girlfriend leaving you, losing a close family member, these are the sort of things that might make someone depressed. Some sh*tey wee insignificant football club getting some shares they require to exit administration? Nah, doesn't really put a dent in my mood. Some folk just need to man up and get on with it.
Bas*****
So, is that Hearts saved now? Next season they'll be a championship club, paying reasonable wages and playing at Tynecastle?
It's all very anticlimactic.
This is exciting! I always fancied the frozen shares test. Would have preferred immediate lickers, from the point of view of the utter humiliation and subsequent Jambo Civil War, but always wanted to test Hearts support with Budgie frugality and the FOH financing model.
Will happily take either - let's see what the frozen shares test uncovers.
Quote:
Originally Posted by bingo70
If the only punishment you were happy with was liquidation then you were being greedy imo.
No we weren't, their 'crimes' deserved the death-sentence, nothing short of it..
They still have debt to pay back to budge.
Not a problem, getting off the hook will see a huge ground swell of cash being injected into the club.
Theyve still got a crumbling stadium so will need to get a mortgage to replace the main stand.
Not a problem. Plenty of strings to be pulled before they are in any bother on that score.
They have been relegated
In their eyes, probably a minor unavoidable hitch considering what might have been.
The rangers in championship next season so wont get automatic promotion.
I think they probably will. Skatchel will see to it. :greengrin
They have already got a threadbare squad with players likely to leave.
No they won't. On the contrary, I think they will have a very strong squad in the Championship.
Theyll have to build new squad on reduced income.
I don't think their income will be as small as you think and they will get a reasonable squad.
Theyll have to start living within their means for the first time in 30 years.
So what? They'll still be strong enough to bounce back from a play-off position.
All IMHO of-course.
400,000 Jambos and a huge minority of punters on this board voted for their survival so nearly everybody is happy. :rolleyes:
how exactly is it false? just asking your opinion.Quote:
Originally Posted by Twa Cairpets
I haven't seen any evidence to suggest the frozen shares will be a problem.Quote:
Originally Posted by Dashing Bob S
I'm no expert in Lithuanian law so I wouldn't have the slightest notion on whether they are untouchable till the ongoing investigation is concluded, or be obtained easily by some internal administrative procedure.Quote:
Originally Posted by Ozyhibby
We shall soon find out.
You said "...we never really competed with their team this season"Quote:
Originally Posted by jakeshibs
I believe this to be incorrect. The results are one thing, but even for long spells at tynie a couple of weeks back, we competed with them
I got the news from an excited Jambo who normally wouldn't cross the road to talk to me. According to him, they will be out of administration by 4 pm. today. I don't know who or what to believe. :greengrinQuote:
Originally Posted by Ozyhibby
I think what you suggest is what will happen. Hearts fans will strongly galvanize around the club and attendances will be strong in the championship next season. I think they really need to come straight up though, or a bad cycle of decline could set in through Budge frugality, bread and butter signings, lower crowds and cancelled DD's. Their business model is very shaky, they have a big football debt for such a poorly resourced club to pay off.Quote:
Originally Posted by keekaboo
I thought their football debt had been cleared by the early payment from the SPFL.:dunno:Quote:
Originally Posted by Dashing Bob S
The way I see it and just my opinion . take away all their cheating , over paying etc etc .hearts got relegated this season and relegated horrifically :-) if they didnt have all the finance **** ups hibs fans world wide would be rejoicing . They are in div 1 they lost all there players they have a really small squad with only a few players any good at all . There income next season will be piss poor . The championship could not be harder to get out of compared to any in recent history .and finally the hearts fans have been through hell for going on 1 1/2 years . All this makes me happy :-D for me all the admin stuff is an added bonus and if more trouble come from it great if not they are still in a really **** place . Also I have enjoyed this thread been some great comedy on it and some of the main people hunting down info for the rest of us has been great . Almost all of it has been spot on with the exception of a few things and personally im greatful for the effort to keep us informed , cheers sergey baj cwg etc etc .
Bring on next season :-D
GGTTH
Sent from my GT-I9300 using Tapatalk
Doubt it.Quote:
Originally Posted by Jim44
Their debt is £535k. They have already had most of their SPFL money.
Was just going to type 'CWG was the man to speak to...' Any views on how this frozen shares test might pan out?Quote:
Originally Posted by CropleyWasGod
Agree, all I'd add to this is that with over 25 years dodging debt and funding losses at somebody elses expense there's every reason to expect them to do it again having ditched so much debt this time.Quote:
Originally Posted by Dashing Bob S
The share test is still an interesting one though. I expect wee eck and the boys have played a political blinderbehind the scenes but automatic approval of the deal from the court might set an interesting precedent for others wanting to go the same way.