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TBH, I have long given up trying to establish the truth of that. As has been said often enough, we only have limited info, and not enough to be certain either way. God bless our media.Quote:
Originally Posted by Dashing Bob S
BJ's statement this morning was very optimistic, as optimistic as he has been for a while. That would suggest they aren't a major problem. However, he also mentioned "hurdles" (plural)... which is at least one more than I had counted. :cb
The reality is
a) this was always the most likely result and like it, or not, BDO have worked wonders from a dreadful position. We need to 'man up about it.'
b) Their claims that they were the victims are ridiculous but we don not want to look small either by sulking.
b) Hearts will probably be favourites for the plays off next season so reasonable chance they will be back in a year or two.
c) They will probably sell 10k season tickets as a kind of defiance and claim crowds of 12000. To be fair to them (and I don't like being) that is a reasonable, but not spectacular, support and similar to what we have achieved when relegated
d) While Hearts have been BL@@@y lucky and will come out of this with little debt the Budgerigar simply does not have enough cash to re-buy their way to success. Their will be little or no credit. I am also far from convinced that a fans committee is the way to run a whelk stall either. Would you want Ian Murray as your leader? So they are now back in the pack in terms of spending with probably less to spend than us or Aberdeen and for several years.
e) Their stadium needs demolishing and starting again. Where is the cash for that?
f) There support will likely tire of probable mediocrity and their gates will be back in the 8-10k range within 3/4 years.
g)what matters is we do the business and dominate Edinburgh with our play for a change. Their doping is over lets prove who the Big team really is.
Quote:
Originally Posted by Bostonhibby
The timing has to be more than a coincidence...
...but it still wouldn't stop me voting Yes :wink:
I hope every single service provider asks for cash in advance from them going forward.
They surely never get any credit terms ever again ??
HMRC (1.9M): shafted;
Herriot Watt: shafted
A huge number of regular people in Lithuania: shafted
the creditors list is too long to post. It's all those people I feel sorry for.
And ultimately, they get an asset back worth 3X (and the rest) more than they actually paid.
The mind boggles really.
I will pass on that one!Quote:
Originally Posted by keekaboo
But I did wonder if "Dave" Cameron is going to issue an edict preventing Villa from going down :-)
Perhaps an extra wee bit political pressure will see the shares unfrozen. This doesn't seem right. Like a 50-1 shot winning a horse race.
Agree, but it does look like HWU were very happy to go along with and prolong the shafting.Quote:
Originally Posted by Craig_in_Prague
About the HMRC debt, does that mean the plan to pay it back over 3 years or whatever deal they swindled is still going ahead now ?!Quote:
Originally Posted by Craig_in_Prague
No. No creditors will be paid, except UKIO.Quote:
Originally Posted by EdinMike
Written off; hee haw.Quote:
Originally Posted by EdinMike
Folks wonder why some of us wanted to see the PBS smashed to pieces. It was the only single way, they'd feel any sort of pain in this whole saga.
Nope, all dodged via the administration, just like the council tax and the charity money. Its what big teams do.Quote:
Originally Posted by EdinMike
You mean the Desantos that said the earliest possible date for a meeting of UKIO creditors was 22 April?Quote:
Originally Posted by cabbageandribs1875
A very decent assessment. A lot of us were a bit miffed that liquidation and reconstruction in the lower leagues would keep them from getting stuffed by us regularly in derbies, though that was before the debacle of Hibs performances against them. As you say, d), e) and f) point to long-term weakness in Hearts. It's up to us to really take advantage of that and build a stronger team on the park.Quote:
Originally Posted by Islington Hibs
On your planet, perhaps......Unless you've got a shred of evidence to substantiate this keech, just give it a rest FFS.:bye:Quote:
Originally Posted by Waxy
No.Quote:
Originally Posted by brog
Desantos spoke to the lawyers connected with Ukio. They told him the deal was now being finalised within 48 hrs. That was yesterday or day before.
Their stadium isn't 'crumbling' nor in need of replacement anytime soon. You not seen certain stands at Dunfermline, Partick, Dundee Utd, Dundee, Motherwell, Aberdeen etc etc? The ground's a ****hole granted but except the maintenance for the mainstand they won't have much more running costs for Tynie than the mentioned clubs.
If they get up next season, which I think they will, they'll have played a blinder. They'll be in a better financial position than us, Aberdeen, Killie, Dundee Utd, infact probably most of the league except Celtic, all for the price of one season in Division 1.
Jammy *****s.
There is no cooling off period for UKIO; only UBIG - which will come and go.
So it's literally down to the courts approval / frozen shares.
I hope for 1 last (major) twist, but not looking good at all.
is there not even 1 single yam, that has not 1 ounce of shame, with what there club has done and the hundreds of companies + regular people their club have shafted; just to gain a sporting advantage?
Somewhere on this thread is a document that describes - I think ten years ago - the fact the stadium wasnt fit for purpose and the cost of maintenance was not tenable. It is most certainly in need of replacement. The main stand is just one big tragedy waiting to happen.Quote:
Originally Posted by scott_b_
No. They have a substantial football debt, an owner who won't extend credit and will ensure the books are balanced, and a long-term ownership plan based on an extremely shaky premise. I reckon they will struggle.Quote:
Originally Posted by scott_b_
I agree that the stadium replacement stuff is way overhyped on here, but the asbo is certainly on its last legs.
Quote:
Originally Posted by EdinMike
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Originally Posted by CropleyWasGod
Quote:
Originally Posted by Craig_in_Prague
I'm not so sure. I thought I read, that, when they applied for SPFL money recently, they were only entitled to a balance of around £150K as the rest of it had already been used to pay off the football debt.Quote:
Originally Posted by CropleyWasGod
I think the rest had already been paid to them to keep them afloat.Quote:
Originally Posted by Jim44
IIRC, the reason they would get that is because they have had most of it already.Quote:
Originally Posted by Jim44
Pretty sure they have had about £600k. They will probably be due £750k for finishing last, hence the balance due to them.
Brog has the exact dates and numbers.
Last time I checked they were still cheats and paedos.
Nothing to see here, move along.
Budge may not want to move away too much from her business plan, but I am certain that, now that they have escaped the noose, there will be quite a number of rich Jambos who will be happy to invest considerable cash into their development.Quote:
Originally Posted by Dashing Bob S
Your missing the point. It's only really hibs fans who read this thread that understand the full extent of cheating, robbing, begging, lying that hearts have done. Nobody in the media has had the balls to go through the mess they've made and now everyone happy as larry cause the good old cheating institution has been saved.Quote:
Originally Posted by GordonR
They've got away with ****in murder for years and it looks as if it's all been worth it. **** of the ****in earth that lot
Do you not sometimes wonder why we go to work in the morning, pay our way, our tax, n/i and council tax when we can lie and cheat run up massive debts get off scot free and have public employee,s help do it. Salmond, Murray, Budge etc are wealthy people. Let them start to pay back the monies they have robbed you and i and every other taxpayer in the UK off.
Not really true, the letter from the lawyers as posted by Desantos, who now seems to have morphed into Sanger, stated, the current offer is ongoing & it is expected it will be approved within the upcoming days.Quote:
Originally Posted by the_ginger_hibee
Credit to D for getting that letter from the lawyers though it demonstrated the state of affairs in Lithuania that a lawyer would send that letter to an unknown inquirer. Subsequent to that post, D stated on several occasions that no meeting could be held before 22 April & his last estimate was 2 May. As I say, credit where it's due but he's not the messiah!! :wink:
Quote:
Originally Posted by brog
Is he, in fact, a very naughty boy?
Why? It wasn't them that ran the debts up.Quote:
Originally Posted by southsider
Great post mateQuote:
Originally Posted by southsider
Exactly why I'm done with the whole fiasco and Scottish Football
This is a key point. If we were dominating on the pitch and had been beating Hearts regularly, I think more on here would feel more relaxed about Hearts surviving in a lower league on a diminished budget.Quote:
Originally Posted by Islington Hibs
We need to get our act together on the pitch and pronto as we don't want to be slugging it out in the play offs to avoid accompanying our annoying neighbours down a league, or (perish the thought) be in a similar situation next season where we might actually meet them in a play off!
Desantos/Sanger.Quote:
Originally Posted by Sanger
Gonnae no take this the wrong way, but your posts have been up there with the weirdest on a forum. I dont know if you're a troll (not a good one), a yam on the wind up (again, not a good one), a Hibby with tiny elements of insight, a bizarre alter ego of Baj/Sergey or just maybe a bit "different".
Interesting in a Sidneyesque kind of way.
Ach well, I suppose their next 'Big Hurdle' will be once the various criminal-fraud investigation-teams establish how much money Vlad has fiddled and -
HOW much of it was 'channeled' through the PBS accounts ?
HOW many at the PBS are involved and WHO ?
HOW did the yams use this money ?
Will 'The powers that be' flex their muscles or will they do a 'rangers' - SFA ??
Btw, wonder if 'The Nose' will still sign for them when (a) The wages will be the wages of a team 'playing within it's means' - I.E. NOTHING like his previous - (b) in a lower-league ?
your opinion and I disagree, they beat us with a very weakened side more times than we beat them, I don't think we competed and not enough as far as I am concerned, we have 5 games to go to save our season, I just hope and pray we can survive in the top flight, otherwise we will be in the same position as them without all the cheating and overspending....Quote:
Originally Posted by Twa Cairpets
a club of our fan base deserves more than we ha received. just my opinion...
Really not happy with todays news.
Didn't want to be liege it when I was posting some information from him last week and one yesterday,,he told me as posted that there would be another statement issued Thursday which was under embargo. Let's see the next statement issued from Alex !!!
totally agree no such thing as sporting integrity.Quote:
Originally Posted by southsider
Sidneyesque or even wee shaun lawsonesque?Quote:
Originally Posted by Twa Cairpets
Is sergey about to shed any light on the shares? Are the frozen? Are they in the fridge? The microwave? Oven?
No but indirectly they are, in my eves, resposibile for helping hea7ts evade their debts. The whole system is just a bad joke and is about time people are held directly liable for their actions. Who is going to pay me back ? Or the charities ? Or the wee guy who fixed the lights ? Or the people in Lith who now have no savings ? With due respect as you know have most likely forgotten more about financial wrong doings than i shall ever know but i feel someone should carry the can for this whole mess so let the "fans" with the deepest pockets do so. I know this is not the law but the law can be, sir, as ass.Quote:
Originally Posted by CropleyWasGod
Some big babies on here today. If you're done with hibs because of the way this is panning out then you were probably on your way out anyway so tatty-bye.:bye:
This is like doing the crossbar challenge and hitting the post. We've lost nothing and had a laugh along the way. If you wanted them totally annihilated and are unhappy because it doesn't look like this will happen then you have to question how realistic you've been and how carried away you've got. Deals would probably have been done after liquidation to keep their ground and the only way they would be worse of is by two divisions.
They might get to officially keep their pots but they also get to keep their baggage of selling their soul, being cheats, thieves and doing nothing while those in charge basically condoned paedophilia. Liquidation would have given them a clean slate in that regard.
People also seemed driven by revenge. Not for me as I'm all about love for hibs and whatever they do is a side issue. I wonder how many on here advocate the death penalty?:wink:
The above is subject to them getting the actual shares, which might yet be a long way off. Time to chill, as it's always been.
The shareholders of Hearts have lost everything. They have been wiped out. I'm not sure what else could be done?Quote:
Originally Posted by southsider
Nae death penalty, liquidation was always enough.Quote:
Originally Posted by peter douglas
Mmmmm Hurdles ,and the commonwealth games acre coming up maybe hearts should enter some gone in the race as am sure they will clear them all ,now that all the big political hitters have used their influence .Quote:
Originally Posted by CropleyWasGod
But strange word to use ,as if all done and dusted and not expecting any hitches ,why use the word Hurdles .
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Originally Posted by GlasgowHibee
I think he's gone sailing with Sydney, Desantos and Alex Salmond in the English Channel :wink:
and what about if they come up at the expense of us:tin hat:Quote:
Originally Posted by JeMeSouviens
I'm trying to work this through slowly to gain perspective.
UBIG and UKIO have said yes to the shares and the CVA - is this correct?
If so, surely then the final hurdle would be to get it past Šiaulių bankas who now own UKIO?
I believe there to be an agreement to hand over but how can UKIO and or UBIG agree to this without the parent bank's approval?
Quote:
Originally Posted by brog
He did say that CVA was going to be accepted given there was no other serious interest in Tynie
I'm looking forward to the derby and witnessing the parade of disgrace. I want to see the scarf twirling little bitches gloating at their escape and displaying themselves in public for what they are - cheating *****. Imagine them celebrating a shameful episode in the history of their ****** little club like cheerleaders on an estrogen overdose while being relegated. From Champions League to Chumps League, from world cup stars to washed up spanners, from Vlad to Budge, from Ukio Bankas to Wonga, from 5.1 to no fun, from £50million Stadium to the piggery, from Big Hearts to poppy thieves, from the Heart and Soul of Edinburgh to the Arse and Hole of Edinburgh.
That's quite an achievement given what is posted here!Quote:
Originally Posted by Twa Cairpets
This is one for CWG, Cav etc. Exactly how much debt has this CVA allowed the Yams to walk away from?
What is the total they will have ripped out of public bodies and therefore taxpayers?
How much will they have joy ridden from the private sector?
Are any charities out of pocket?
Have any of the politicians - Salmond, Murray etc said anything publicly at all about this behaviour or it's impact on those left fleeced? It really is extraordinary that an organisation can systematically milk public monies and then see Hearts fans who also happen to be politicians wade in with apparently no thought given to the debts left trailed behind.
What about all the small businesses that have had it tight in the last six years of recession? Paid all their taxes. For what? So that another business that happens to be a football club can pi5h it all down the drain and then get help from Hearts fans in public office?
Why oh why did some posters on this site try to claim to be ITK and spreading the 'facts' about Hearts situation.
Turns out they were pretty much just as clueless about the situation as the rest of us but succeeding in getting loads of peoples hopes up. Now Hearts have stuck two fingers up at us an made this thread look bloody ridiculous.
Nice one lads. :rolleyes:
This is a big day for them and their Establishment fans. Shows how no matter how you behave, you can just ignore all the criminality and theft then celebrate when everyone else gets shafted.Quote:
Originally Posted by GreenLake
IF there are, that would throw into doubt their pious notions of being "fan-owned" and led would it not. Rich jambos throwing money at them would lead them back into the mess of debt they`ve just fiddled themselves out of. As it is they still have around 6.5 million to pay back to Budgie.....wonder how their Direct Debits would cope with a few more million on top of that.Quote:
Originally Posted by Jim44
It would certainly be an interesting test for them if someone did want to pile tons of cash in and, in that case, why would the ordinary fan continue to pay his or her DD every month, because i sure wouldn`t.
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Originally Posted by Cameron1875
Your own fault.
I don't feel silly at all. This thread has been a hoot but as far "hoping" for anything for Hearts that comes down to the individual. I domt want to see them happy at anything biut there is still plenty bad stuff comoing their way. You'll just have be patient.
My own fault that other people sprouted absolute nonsense?Quote:
Originally Posted by Kato
The last two sentences in that post is just the exact drip-feed hinting that some of the 'ITK's have be posting.
The creditors of both UBIG and UKIO have agreed to hand the shares over, and the creditors of UKIO (including Sialiu) have approved the CVA.Quote:
Originally Posted by MrSmith
Sialiu had input in the process as owner/creditor of UKIO.
Give him a break - he's been on a ten year mission to end the Yams. Desantos came to the realisation the CVA would, and had it confrimed on Monday, be accepted some time ago but never gave up hope of it dragging on and the big L happening. Big difference between Ukio accepting the CVA and Hearts coming out of administraion. Still some way to go as Portsmouth found out.Quote:
Originally Posted by keekaboo
Quote:
Originally Posted by Sanger
My comment was intended in a humorous way. I give no apologies for not being as funny as I sometimes think I am.
embezzle it,steal it, con folk. All seems perfectly acceptable.Quote:
Originally Posted by Ozyhibby
Thats it they are safe jambos can now stop paying
their DD to FOH and spend a little on the wife and kids.
Happy days mrs budgie will now pay everything .
:cb
He's away checking his 10 year plan. Seems about as good as Rods 5 yr one.Quote:
Originally Posted by GlasgowHibee
I have attached the BDO statement to creditors. That shows £28m of debt.Quote:
Originally Posted by One Day Soon
To that, you could (arguably) add the debt-forgiveness and debt-for-equity swaps. Others will be exact, but I'm sure that total was in the region of £22m.
Attachment 12434
Two of them would be overboard by now - and they are not Sergey and myself!Quote:
Originally Posted by keekaboo
If it's anything tae dae with those currently running this club you better no haud yer breath then, they fail miserablyQuote:
Originally Posted by Ozyhibby
Your own fault for believing it or investing too much in it.Quote:
Originally Posted by Cameron1875
A wee tip. When reading anything on the net dispense regular pinches of salt.
Really? There is nothing specific in that post as I know nothing specific. If I knew any gossip I would probably choose not to post it.Quote:
The last two sentences in that post is just the exact drip-feed hinting that some of the 'ITK's have be posting.
What I meant in that last nbit is that they still face huge difficulties. The biggest of which is a variety of them are now going to be in charge of their club. Too many cooks spoil the broth goes the saying but when there are too many jambos their egos will ruin it for them. They will stumble over their own self-importance.
Any reason for the sudden change of username Desantos?Quote:
Originally Posted by Sanger
Quote:
Originally Posted by CropleyWasGod
Desantos's previous estimates put the total at arounfd £70 million:
Debts Millions Comment Link 22 debt for equity swaps over two years by UBIG 2008/2010 http://sport.stv.tv/football/clubs/h...necastle-club/ 2 Forgiven by UBIG on take over http://news.bbc.co.uk/sport1/hi/football/teams/h/heart_of_midlothian/4570516.stm 8.8 Forgiven by Panama subsuduary company 2011 http://sport.stv.tv/football/clubs/hearts/201686-mapping-hearts-finances-following-the-money-at-the-tynecastle-club/ 7.9 payment from FC Kaunas 2010 - debt foregiveness http://www.fm-base.co.uk/forum/scottish-football/81343-romanovs-battle-hearts-minds.html 40.7 28.5 69.2
Arithmetic. :wink:Quote:
Originally Posted by Sanger
If there are 3 in the boat, and 2 are thrown out, that leaves 1.
Quote:
Originally Posted by CropleyWasGod
Debts Millions Comment Link 22 debt for equity swaps over two years by UBIG 2008/2010 http://sport.stv.tv/football/clubs/h...necastle-club/ 2 Forgiven by UBIG on take over http://news.bbc.co.uk/sport1/hi/football/teams/h/heart_of_midlothian/4570516.stm 8.8 Forgiven by Panama subsuduary company 2011 http://sport.stv.tv/football/clubs/hearts/201686-mapping-hearts-finances-following-the-money-at-the-tynecastle-club/ 7.9 payment from FC Kaunas 2010 - debt foregiveness http://www.fm-base.co.uk/forum/scottish-football/81343-romanovs-battle-hearts-minds.html 40.7 Total forgiven/converted to equity 28.5 Current debt 69.2
Just spoke to my contact and the one who advised me about the last statement before it was delivered.
It appears that the political persuasion came from the Lithuanian side to the bank based on there potential partnership with Alex Salmond. In addition to this there is another announcement tomorrow but he won't tell me what it is.
I did ask Sergey in a previous post to check the information when I first heard about it recently and unfortunately this was true. I thought it was bollocks based on the information provided on here but it seems that influences were being made behind the scenes that we were not aware of.
For all my fellow hibbies who said they want them to wallow in adjective failure for seasons to come,,I didn't I wanted them liquidated!
This Sangner is a weird one. I think there's something fishy about both him and DeSantos, potentially involving Sergey and his yacht too.
(Fishy, get it)
sydney sergey salmond desantosQuote:
Originally Posted by CropleyWasGod
are you saying Sydney and Salmond are the same person?
Thanks CWG. So, £28 million of debt - at a minimum - that they are walking away from in it's entirety?Quote:
Originally Posted by CropleyWasGod
I'm not sure we have had a bank robbery, fraud or theft in this country that has stolen this much. Has Salmond or Murray said anything, anywhere, to deprecate this?
Schizophrenia? :greengriniQuote:
Originally Posted by CapitalGreen
I can't believe some people on here. I personally wish nothing but the absolute worst on Hearts (though in a playful, fun sort of way) but anything bad that happens to them is a bonus, and certainly not worth getting upset about if it doesn't come to pass. They seem to have dodged a big bullet, but they've taken a few, and as you say, might have a few more down for them yet before they get anywhere near where they want to be.Quote:
Originally Posted by peter douglas
Nah, I'm saying it's late in the day and I can't count either. :rolleyes:Quote:
Originally Posted by Sanger
Quote:
Originally Posted by One Day Soon
Nearly £70m - see above.
There are a lot of figures on this thread!Quote:
Originally Posted by CropleyWasGod
A statement from where? And where is your contact?Quote:
Originally Posted by Russian Hibs
This is way down the line, but it's one of the reasons why some people on this thread (no names) postulated that liquidation might not be that bad a thing for Hearts and many people involved with them over the years. If the investigations into the financial wrong-doings of the Romanov empire are ongoing and rigorous, Hearts are still the same legal entity, and there might be some nervous associates of the club over the coming months and years.Quote:
Originally Posted by Deansy
You do know that you are Desantos, don't you? Changing your username doesn't change your post history...Quote:
Originally Posted by Sanger
BJ's interview on STV.
http://sport.stv.tv/football/clubs/h...per-cent-done/
Being very cagey, but saying 90% of the way. As upbeat as I've heard him for a while.
And, right at the end, confirms that BDO enlisted the help of the "respective ambassadors".
He's also Lorenzo Amaruso.Quote:
Originally Posted by Twa Cairpets
Another wee thing: if hearts(R) do exit administration and start life in the championship, the matches with Sevco will be poisonous to say the least.Quote:
Originally Posted by Dashing Bob S
This seasons matches between Sevco and Dunfermline have been pretty ugly off the park due to wind-ups from the Fifers so I can only imagine what will happen once their posh cousins play them.
Salmonds involvement will no doubt have them seething even more. :saltireflag
There's a lot of attention seeking trolls on it as well it seems.Quote:
Originally Posted by Sanger
The statement will be released to the press from Scotland and Lithuania simultaneously announcing something. My contact does PR and won't tell me what is in the announcement.Quote:
Originally Posted by One Day Soon
It's quite typical to have ann announcement written then an embargo placed on it and release it strategically. This person lives in UK.
He is Sergey too.Quote:
Originally Posted by Twa Cairpets
We are all Sergey!Quote:
Originally Posted by GlasgowHibee
Quote:
Originally Posted by Sanger
So you ARE Desantos then? Why change your username????
No, we're not.Quote:
Originally Posted by Sanger
And why reply to my comment about DeSantos from this new Sagner alias...Quote:
Originally Posted by keekaboo
Actually if Sergey revealed himself(s) as an undercover Yam at this point I think that would be truly hilarious.
There's some weird folk on here these days.
It would certainly make me smile :greengrinQuote:
Originally Posted by One Day Soon
"He did"Quote:
Originally Posted by Sanger
WTF , this is getting weird. Anybody who clicks on your profile can see that you are indeed Desantos.
Are you mad ?
Given how many other members, including PMs, seem to know him that would make a surprising amount of the forum infected. Surely not.Quote:
Originally Posted by One Day Soon
He keeps saying early on that the deals not, over the line.....Quote:
Originally Posted by CropleyWasGod
I can't help but feel the questioning is all geared to good news :aok:
Yeah, I hear that. It's part of his job to throw cold water on things.Quote:
Originally Posted by LeithenHibby
But I'm also going on body language, and he seems much more relaxed than he has been.
Can't wait for this thread to be deleted and watch peoples post counts plummet :greengrin
Seems to hint that not all of the UBIG creditors were happy with the deal and if some of them object during the cooling off period they are friar tucked !.