It's also bulldust. The media keep repeating the line that the shares will somehow be defrosted when UBIG goes into administration. I can't see why that follows.Quote:
Originally Posted by Dashing Bob S
Printable View
It's also bulldust. The media keep repeating the line that the shares will somehow be defrosted when UBIG goes into administration. I can't see why that follows.Quote:
Originally Posted by Dashing Bob S
Bryan Jackson was just on Reporting Scotland referring to UBIG as a bank and that they were trying to talk to the current Directors.
Do BDO know what they are doing ?
Brother in Law is a yam blowhard who rarely attends games but is definitely a believer, like most of rhe cardigan ironning types the decision was made for him by his trouser wearing good lady, a much loved Hibby who is a season ticket holder. Their children will be brought up Hibbies, she's decided and he's been told. Its what that typw of yam allow to happen to them.Quote:
Originally Posted by jdships
Possibly camera-fright. This is what is on the BBC website, from BJ:-Quote:
Originally Posted by Seveno
"Further discussions will now take place with the bidders and also with the legal representatives of the administrators of AB Ukio Bankas,"
That makes sense.
That's what i was thinking, are they just tagging the yams along? he said that the 3 bids were nowhere near what is required to buy them, plus they have to deal with the Liths as well.Quote:
Originally Posted by Seveno
Why not just relegate the cheating B******S now!
:confused:
The bit in bold, did he really say that at this stage.Quote:
Originally Posted by HIBERNIAN-0762
That is a millions miles away from what he was saying on RS. He was talking about UBIG and getting hold of the 50% of the shares.Quote:
Originally Posted by CropleyWasGod
Relegation isn't a punishment option. It's a consequence of becoming a newco. Rangers weren't "relegated". They essentially left the structure and re-entered in SFL3.Quote:
Originally Posted by HIBERNIAN-0762
Who knows what will happen but frankly if the Lithuanians refuse a CVA DBO will threaten them with getting virtually nothing back. Tynecastle is only valuable with planning permission and you can bet the council/ Salmond will not allow that. We have to make sure the council and our dear first Minister don't play foul. There are virtually no other assets. Totally unfair, if this happens, as they are cheating runts but I suspect you could get the whole thing for £3 or 4 million. The question is does one of their 400,000 fans have £4m? FoH are a non runner so its really down to who this 3rd bid is?
It would get planning for a supermarketQuote:
Originally Posted by Islington Hibs
The secret bidder is an Edinburgh Council and Alex Salmon consortium. Shhhh.Quote:
Originally Posted by CropleyWasGod
You're missing the point. UKIO, and perhaps UBIG, are secured; the CVA is not their primary concern. They are more concerned with how much a bidder is prepared to pay THEM.Quote:
Originally Posted by Islington Hibs
Doubtful, in the area there is a Scotmid, a LIDL and a Sainsbury's with a second LIDL and an Asda a bit further away.Quote:
Originally Posted by Springbank
It's unlikely another supermarket would be approved, or that one would seek to move into the area.
Flats are surely the obvious thing. I don't buy the dangerous area chat, there's a school next door!
Safe hands then. Tynie will be a tram-shed.Quote:
Originally Posted by Onion
Latest tweet -
Quote:
BBCBMcLauchlin @BBCBMcLauchlin
Angello Massone through 5stars football ltd make late bid for Hearts. Bid highest of the three made but working capital unclear#bbcsportscot
Nothing to do with Salmond.Quote:
Originally Posted by Islington Hibs
Edinburgh Cooncil must have given Cala an indication that planning permissions would be granted when there was chat of the fat pie man flogging tynie to them.
The only issue would be the exploding exclusion zone. I can discount that for you as well as it only affects a small corner of the estate.
An indication of what's going on with the land may become clearer when the cooncil provide further details in relation to the old school building they have recently put up for sale as a redevelopment opportunity.
I think you overestimate the Salmond factor.Quote:
Originally Posted by Islington Hibs
For a start, what makes you so sure that the ground needs to be instantly liquidated to satisfy creditors? It could held as an asset.
It would also be almost impossible to deny planning permission on the land. On what grounds could an application be refused? It's not in a conservation zone. The stadium isn't a listed building. There are precedents for housing and retail use.
I would say the the council could protract the planning process but not prevent an outcome in which tynecastle could be demolished.
Salmond doesn't need to e embroiled in something like this at the present time. His experience with Trump was a big enough drag. I think e as far bigger fish to fry.
Jolly good.... that'll get the Yams revolting. :greengrinQuote:
Originally Posted by Sergey
Was one of them from from sergeyQuote:
Originally Posted by YehButNoBut
Surely Massone would fail a fit and proper person test?
He said he was going to bid just to get a letter of reply to frame.Quote:
Originally Posted by lord bunberry
May'be he has gone in as Massone & Sergey and Co.
I was down at Portcullis House meeting my MP a few weeks back, I saw Murray and if he wasn't with two constituents I was gonna shout something at him... mind you given the amount of armed police standing about it may have been a bad idea.
He's probably been given preffered bidder status.Quote:
Originally Posted by greenginger
BBC site confirms Massone involved in bid. :greengrin
http://www.bbc.co.uk/sport/0/football/23295172
Former Livingston owner of Angelo Massone is involved in one of the three groups who are bidding for control of Hearts, BBC Scotland has learned.
Fans' group the Foundation of Hearts, HMFC Ltd, who are financed by American investors, and Five Stars Football Ltd are believed to be bidding.
And Italian Massone is listed as a director of Five Stars Football Ltd. BDO will now assess the bids in detail before making a final decision on who should be the preferred bidder, probably within a four-to-six-week timescale.
During that time, offers can be amended after due diligence is completed and only then will preferred bidder status be announced.
Five Stars Football Ltd have made the largest cash offer for the club but it is unclear how much working capital they have at their disposal.
Massone left Livingston in July 2009 with the club having been placed in administration.
It's a vast improvement though.Quote:
Originally Posted by ScottB
Hasn't every club he's been to gotten liquidated?
As I understand it, it is the club itself undertaking an investigation into the new owner in order to deem fit and proper or not. There isn't a defined test as such.Quote:
Originally Posted by ScottB
Its a cop out from the football authorities from taking any responsibility should something go wrong subsequently.
Its not clear what part Massone plays in the bid anyway.
In Scotland, IIRC, there has only been Livi. And they weren't liquidated.Quote:
Originally Posted by Waxy
What do the 5 stars represent?
*****,
*****,
glorious *****!
Is this the same Five Star Football Massone leads. :greengrin Hope so - Taken from business check
Business Overview
Five Stars Football Limited is an Active business incorporated in Scotland on 11th June 2012. Their business activity has not been recorded. Five Stars Football Limited is run by 1 current members. It has no share capital. It is not part of a group.
The company has not yet filed accounts. Five Stars Football Limited's risk score was amended on 13/06/2012.