What's the chances of us getting a bye into the next round with the Yams unable to fulfil their fixture commitments due to being in administration or liquidation before December?
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What's the chances of us getting a bye into the next round with the Yams unable to fulfil their fixture commitments due to being in administration or liquidation before December?
Words like "disintegration" and phrases like "realisation of assets" suggests a separation of assets with intent to offload.Quote:
Originally Posted by greenginger
Given the importance of basketball in Lituania it looks like this is quite a major turn of events.
Does anyone know what Vlads involvement with the club was?
Regardless of the impact on their financial state - i think we should be doing this to encourage a full stadium against them. Get the place rocking to Alee, Alee and give the team an extra boost!Quote:
Originally Posted by hibs0666
Was he not the coach or entertainment manager? :greengrinQuote:
Originally Posted by StevieC
half time dancer/cheerleader :agree:Quote:
Originally Posted by Hibs07p
Interesting.Quote:
Originally Posted by greenginger
So the 1200 Bosnian bauxite workers ain't been paid for 3 months. The bank have moved in to secure debts against the real estate of their basketball team. HoMFC haven't got a pot to piss-in and the Ukio share price is trading at an all time low.
Only the most gullible would want to invest in shares in that mob. Step forward your everyday Yam.
Quality.Quote:
Originally Posted by Sergey
Quote:
Originally Posted by StevieC
Indeed it does. It would appear that the building was financed by the bank via UBIG (since UBIG seem to have been the operators/owners of the site)...this would suggest that UBIG have been unable to keep their commitments to the bank who have therefore been required to take the physical asset as recompense for the failed loan. The bank are clearly not in the business of running enterntainment venues so will look to off load what they can to regain their lost monies. Now I know Romanov controls both entities but I would suggest that the bank is forced to take some actions that even Vald doesn't like to preserve it's own balance sheet....
Probably not significant in itself but would clearly suggest that Vlad doesn't have the means to throw Hearts a £3-4m lifeline just now even if he wanted to (which he doesn't !)
I'm stealing that.Quote:
Originally Posted by Sergey
Is it just me or am I the only one who thinks hertz wont be in the SPL come Feb1?
I reckon he will cash in on the mugs and sell what good players they have then go into administration or whatever they want to call it (Yaministration)
What is interesting is the amount of Yams who seriously believe that this is just another false dawn for us - of course it may well be, but if it's as serious as it seems (and I've no reason to believe otherwise) their complacency will be their downfall.
The arrogance on display on much of the social media that I read yesterday was unbelievable - not on the football side, that (unfortunately) cannot really be countered at the moment - but the dismissal of any notion that they are on the brink, even after the share issue and the Fedotovas interview, is unbelievable. Even for them.
Oh dear. In between pie munching Blobbo has put out this begging message...
http://www.bbc.co.uk/sport/0/football/20219448
"It's been a helluva seven years [since Romanov took over]," added Robertson. "Some of the players that have been here have been incredible".Quote:
Originally Posted by Col2
Slightly struggling to think of any player who's been "incredible". Who does he mean? Nade? Kyle? :dunno:
The financial situation at HMFC is undoubtedly bad and I'm sure the reality is a lot worse than we are lead to believe, I'm not convinced they will be able to turn on the floodlights when we next visit Tynie on 3rd Jan. :******:Quote:
Originally Posted by Col2
I think we're now witnessing the end-game. No more hiding behind their veiled, glibly worded PR spin, this is them now in the last chance saloon with nowhere else to turn.Quote:
Reality finally hits home with John Robertson:
"I asked a lot of questions about the state of the club and how they were going to go forward.
"The club is in a severe financial state.
"But it's not all about wages. It's about keeping the floodlights on, pitch maintenance, the plumbing and other staff salaries.
I wonder how much Robbo is pouring into the black hole??Quote:
Originally Posted by Sergey
Quite happy if the floodlights are out and just stay out.Quote:
Originally Posted by YehButNo But
Quicker this club goes under the better.
:agree:The begging bowl is well and truly out with this share issue.Quote:
Originally Posted by Sergey
They are basically saying, 'if you don't buy shares, we won't make it to the end of the season.'
So, if the yams do buy shares and they see it through to the end of the season, .... then what??
And yet they still keep their fans in the dark. There has been no explanation to the Yams how exactly they are going to achieve break-even, just a call for cash to get to the end of the season and we'll take from there.Quote:
Originally Posted by Sergey
What I really don't understand is why no redundancies of non playing staff? They employ nearly double the amount of people we do but have a smaller turnover. So far they have not embarked on any meaningful cost cutting at all.
Guess we'll just have to sit back and enjoy the show. Who knows how it will all work out but I don't think it will be long before the end credits.
Fairly easy answer... they can't afford the redundancy costs.:greengrinQuote:
Originally Posted by Ozyhibby
The only thing he'll probably be pouring in tae a black hole is cheap whisky.Quote:
Originally Posted by Mikey
Dinnae tell that to George Foulkes :wink:Quote:
Originally Posted by Desperate Dan
Quote:
Originally Posted by Phil MaGlass
would yamaquidation not be better/more painful for them :hmmm:
As as aside - normally when there's a share issue the prospective investor is able to view a current set of accounts to weigh up the viability of any purchase. That's logical and a no-brainer.
Question - what was the year-end date of the last set of Yam accounts? Surely those accounts could be 18 months out of date and the situation could be far worse than was previously audited.
hopefullyQuote:
Originally Posted by Sergey
Really hope your right but i wish they'd hurry up and get on with it. When do these shares that they're relying on go on sale? how long till we get an indication if they've been a success or not?Quote:
Originally Posted by Sergey
From the few jambos i've spoken to and the general mood of there fans that i can make out it sounds like it's going to be a massive flop, if that's the case could it be curtains before December?
There was some chief supporter yam in the paper last week praising the club for their honesty and transparacy :tee hee:Quote:
Originally Posted by Ozyhibby
I thought they bought a new lightbulb, surely it's not gone again! :greengrinQuote:
Originally Posted by Ozyhibby
I think it lies in the hands of the SPL committee. They were hit with a 2 month transfer embargo last month for late payment, what's the next step? A fine isn't an option. A points deduction?Quote:
Originally Posted by bingo70
If the wage bill alone is £600k per month, they'll probably need to raise a damn sight more than that over the next 10 days or so, and I honestly don't see that happening if the previous 2 months are a yardstick.
No need to bring Mrs Robertson into this.....Quote:
Originally Posted by Mikey