Because they're an big establishment team who have been "punished" enough and the football authorities need them in the top league or we're all doomed, doomed I tell you.Quote:
Originally Posted by Hibs07p
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Because they're an big establishment team who have been "punished" enough and the football authorities need them in the top league or we're all doomed, doomed I tell you.Quote:
Originally Posted by Hibs07p
Clearly as I am still God and the real accountant 'was' God then I outrank him even though he knows more :wink: Even as God I can't get my head round GodisCropley (if there is one) although I still think I outrank GodwasCropley . I think we might need to invoke more deities, Alex was that good a player!Quote:
Originally Posted by TrickyNicky
I'll shut up now because we have Yams to keep up to date with reality...:greengrin
How dare they put his photo in the article without a warning to the reader. I nearly brought my lunch back up. He really is a typical jambo.Quote:
Originally Posted by YehButNo But
Isn't that always the way?Quote:
Originally Posted by CropleyisGod
Trevor Birch in todays EEN. (removed yam consoling parts)
BDO’s Trevor Birch today insisted it was back to ‘business as normal’ at Hearts – but warned that the administration process at the club could still take until the turn of the year to complete.
In that respect it has been straightforward and the cash which has been generated now gives us the opportunity to sit down with the interested parties and gets us through to August when the SPL will deliver the first tranche of their money. That, with a fair wind, could take us through to Christmas.
We have got to be realistic though, these sales don’t happen quickly.
The eventual sale of the club will not be an easy process given that UBIG, who along with sister company Ukio Bankas, own 79 per cent of Hearts shares and are owed £10million by the Gorgie side, claim they are insolvent, while Ukio Bankas, who are owed £15m, are in administration.
That means there is no one person for BDO to communicate with when it comes to the transfer of the shares they hold in Hearts. Birch believes there are three or four serious bidders around the table but reckons the process of taking over the club could be drawn out.
He suggested that, in the worst-case scenario, Hearts could just be emerging from administration in time for the January transfer window but is hoping that it will prove to be a much quicker process.
That, however, all depends on matters in Lithuania being resolved over the course of the next few weeks. And Birch admitted: “I would like to think that we would be out of administration by the window in January, but you just can’t call it.
“It may be quicker. If the administrator is appointed over there quickly then they might say ‘there is absolutely no value, go and sell the shares’ and the interested party is in a position to move quickly, then it could all happen sooner than we think.
“The earliest it could happen is three months because of the process of the administration of the CVA.
At best guess, it is going to be three or four months and then you build in the difficulties in trying to deliver the shares.
The problem is that, unlike in England, where you can set up a newco and buy the assets of a company that has gone into administration and then the football league transfer the membership to the newco, you don’t then need to deal with the owner, it bypasses the owner. “But here you have to keep the same company and therefore you have to be able to deliver the shares, so you are going to UBIG and saying ‘will you sell the shares’ but at the moment there is nobody to speak for UBIG because they are in an insolvency process but they don’t yet have an administrator.
“Until the administrators are appointed, we can’t do anything and, according to the lawyer acting for our administrators over there, that could be the end of July or even August before they are appointed.
I hope they are not relying on the SPL for money. Or did nobody tell them?Quote:
Originally Posted by Dunderhall
Not content with giving the Bosch a good biff on the nose not once but twice, the yams have vanquished the pirates of the South China Sea. Strips are now on sale.
Hmmm.... this is significant in some ways.Quote:
Originally Posted by Geo_1875
One of the things about the "asset sale" advert was the fact that it referred to an "SPL" club. For that, and other reasons, I was sceptical about whether it was genuine. However, if TB is using that term (albeit loosely), then I can understand that that loose talk may have found its way into the advert.
It's not very impressive, though.
http://www.hibs.net/images/hibsnet/misc/quote_icon.png Originally Posted by Dunderhall http://www.hibs.net/images/hibsnet/b...post-right.png
This quote is hidden because you are ignoring this member. Show Quote
Trevor Birch in todays EEN. (removed yam consoling parts)
BDO’s Trevor Birch today insisted it was back to ‘business as normal’ at Hearts – but warned that the administration process at the club could still take until the turn of the year to complete.
In that respect it has been straightforward and the cash which has been generated now gives us the opportunity to sit down with the interested parties and gets us through to August when the SPL will deliver the first tranche of their money. That, with a fair wind, could take us through to Christmas.
We have got to be realistic though, these sales don’t happen quickly.
The eventual sale of the club will not be an easy process given that UBIG, who along with sister company Ukio Bankas, own 79 per cent of Hearts shares and are owed £10million by the Gorgie side, claim they are insolvent, while Ukio Bankas, who are owed £15m, are in administration.
That means there is no one person for BDO to communicate with when it comes to the transfer of the shares they hold in Hearts. Birch believes there are three or four serious bidders around the table but reckons the process of taking over the club could be drawn out.
He suggested that, in the worst-case scenario, Hearts could just be emerging from administration in time for the January transfer window but is hoping that it will prove to be a much quicker process.
That, however, all depends on matters in Lithuania being resolved over the course of the next few weeks. And Birch admitted: “I would like to think that we would be out of administration by the window in January, but you just can’t call it.
“It may be quicker. If the administrator is appointed over there quickly then they might say ‘there is absolutely no value, go and sell the shares’ and the interested party is in a position to move quickly, then it could all happen sooner than we think.
“The earliest it could happen is three months because of the process of the administration of the CVA.
At best guess, it is going to be three or four months and then you build in the difficulties in trying to deliver the shares.
The problem is that, unlike in England, where you can set up a newco and buy the assets of a company that has gone into administration and then the football league transfer the membership to the newco, you don’t then need to deal with the owner, it bypasses the owner. “But here you have to keep the same company and therefore you have to be able to deliver the shares, so you are going to UBIG and saying ‘will you sell the shares’ but at the moment there is nobody to speak for UBIG because they are in an insolvency process but they don’t yet have an administrator.
“Until the administrators are appointed, we can’t do anything and, according to the lawyer acting for our administrators over there, that could be the end of July or even August before they are appointed.
I hope they are not relying on the SPL for money. Or did nobody tell them?
Tranche of money......Fair winds.....!!!!!! This is definitely getting too technical for me.... :wink:
When the SPL will deliver the first ''tache''
Sealed with a loving kiss from Rodders, enclosed in the envelope is 7 pence!
Quote:
Originally Posted by NumberSeven
Apart from kicking the odd Russian Hat around they followed mad vlad as if he was the Pied Piper even wanting to build a statue of in their words " The Great Man "
Foulkes talking to jim white
The way theyre talking ,foulkes is the great saviour
Hes talking to liths hes talking to ambassadors
Hes talking about cups (nae 5-1,1902 tho)
Hopefully the liths will tell him were to go
Bt
what dae you mean as if? :greengrinQuote:
Originally Posted by sidneyhibbie
http://i39.tinypic.com/flzr46.gif
Quote:
Originally Posted by Desperate Dan
:top marks
:not worth:applause: In yer Gorgie slums, in yer Gorgie slums. Ye's all loved mad Vlad, aye ye thought he was sweet. Now your club's gone tae the wall cause of his UKIO'S balance sheets..... In yer yer Gorgie slums!!!Quote:
Originally Posted by Desperate Dan
anybody want tae take a guess at what the rats represent? :greengrin
Quote:
Originally Posted by Desperate Dan
Pishybreeks and the 400,000 mobilised faithful...?
Absolutely !Quote:
Originally Posted by Bostonhibby
OK they have/will have funds to buy the club but where is the money coming from to run the Hearts on a weekly basis ?
Season ticket money will be gone , part of the sponsorship money has gone
" Walk up" payers won't raise enough money to ensure cash flow so where is the " sugar daddy " coming from - Mr Murray MP perhaps
There is definately a hell of a lot of " spin" going on here !!!!:greengrin
Damn, I was hoping that would be tricky yin. :greengrin almost right, swap mobilised faithful for roasters and you're bang on.Quote:
Originally Posted by greengnome
is that the same as bull ****ting? :greengrinQuote:
Originally Posted by jdships
Quote:
Originally Posted by Desperate Dan
Roasters... I stand corrected Sir.... :agree:
:flag::flag::flag: :thumbsup:
good old Donkey Dave, i reckon that's hertz saved now :(Quote:
Originally Posted by YehButNo But
I'd be happy if the foh get the club.Quote:
Originally Posted by jdships
Huge downsizing would happen.
They'd probably end up a first division size club.
Anyone able to put yam tops on the rats :aok:Quote:
Originally Posted by Desperate Dan
Think we are getting away from the real question here.
Was Cropley God ?
He is the "Great Man", just not for the yams :greengrin:cbQuote:
Originally Posted by sidneyhibbie
Not quite but best I can do....Quote:
Originally Posted by sidneyhibbie
The 'Trumpets Trumpeteer'
http://img5.imageshack.us/edit_previ...&action=rotate
Wouldnt a Newco be very difficult to implement once the season is underway with Hearts in it? The longer its gone the worse it would be.Quote:
Originally Posted by CropleyWasGod
That'll do nicely sir :top marksQuote:
Originally Posted by kdhibees1
http://www.bbc.co.uk/news/uk-scotlan...-fife-23183207
Anyone got any suggestions for this? How about killed by Professor Plumanov in the Pink Wongadome with Financial Mismanagement???