Dual contract kind of stuff?Quote:
Originally Posted by TRC
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Dual contract kind of stuff?Quote:
Originally Posted by TRC
Is that an abbreviattion of 'pie eyed'? were the Yams on the bevy in Lithuania? :wink:Quote:
Originally Posted by TRC
To be fair it was probably written then badly edited a few days ago with the intention of running it today.Quote:
Originally Posted by overDrive
The fact a couple of pesky tourists decided to take their own lives on the eve of the worlds largest arts festival in the building formerly occupied by the paper probably passed them by.
Maybe I could phone them now with the scoop :D
Unashamedly stolen from facebook.
https://fbcdn-sphotos-b-a.akamaihd.n...21440659_n.jpg
Have just stopped laughing at this article from Hearts website in 2009, especially the section copied below.
Warning - anyone reading it may end up with sore sides. :greengrin
http://www.heartsfc.co.uk/articles/2...241384_1902130
"Our positive funding arrangement means that it is our own Group that finances Hearts and not external financial institutions. We therefore do not consider this as "real" debt - in simple terms, we owe the money to ourselves as Hearts is owned by UBIG."
edit: Love the photo on that article too:Quote:
Originally Posted by YehButNoBut
http://www.heartsfc.co.uk/javaImages...7884967,00.jpg
"Pleasing"
Hey Mikey and Admin - Can you have this quote as a default signature for all users, regardless of allegiances? :cb:aok:
Can I confess I was one of the sceptics on here who thought we would never actually see a letter from Sidney! Little did I know he was busy writing the EEN front page editorial!! Congrats Sidney, that's a stonker!!!
Somebody should make a copy of that legendary site, before it gets shut down along with the club. :cbQuote:
Originally Posted by YehButNoBut
Make sure this link isnt forgotten about
http://news.stv.tv/east-central/1073...-newco-in-spl/
Some comedy gold
:cb
There's a great scene in The Damned United where that quote comes up. I wish every football manager had this attitiudeQuote:
Originally Posted by Treadstone
http://youtu.be/dYBj_qAJtRA
Well Said Mr Romanov:Quote:
Originally Posted by bodoglimt
Quote:
"As regards the club itself, we can only express our deepest condolences to its supporters, who have been lied to for so many years.
....
Mr Romanov added: "Supporters deserve a new beginning and have to accept the fact that their club has to start from the lower league, keeping order in the SPL and without creating unfair competition with other clubs."
Ignoring the frozen shares issue (everyone else is), it is clear that FoH have reached the limit of what they can offer and that it's not enough.
Why do they not amend their bid and make it for the club only?
That way they retain their history and SPFL prem status.
The route they are taking could see them lose everything.
It beggars belief that they have brought up the first world war again, have they no shame?
:agree: You would imagine that those folks long departed would be absolutely spinning in their graves at the way the Yams have gone about things. A long, long way from that club they knew.Quote:
Originally Posted by lord bunberry
That may well be plan B, but they would lose a good number of pledges IMO.Quote:
Originally Posted by Ozyhibby
Keep the illusion going as long as possible.
That sounds about right. I suspect they will end up taking a mortgage or something to tide themselves over, but I suppose it makes no sense to alarm the Hearts fans, rather keep the next delusion going "We're gonna be debt free!!". They love a delusion that lot..Quote:
Originally Posted by Dunderhall
how ironic that they won the war but cant pay for poppies!Quote:
Originally Posted by lord bunberry
It's not so much that they couldn't, it's more that they didn't because the money was presumably lining the pockets of either their owners or overpaid star players.Quote:
Originally Posted by CraigHibee
Nope. Leaving the tax payer out of pocket in both Scotland and Lithuania (thereby denying funds to the armed forces and other services) is what all respectful, war-winning organisations do.Quote:
Originally Posted by lord bunberry
The Yams brought this on themselves. They didn't have to allow Romanov in to start with, and then they refused countless opportunities to organise against him during his tenure.
When we pointed out the trouble they were in, it was met by 'we owe it to ourselves' and 'youse are just bitter Hobos'.
Not surprising some are playing the victim card now, but it is quite wrong.
FoH are pretty good at illusion as well.Quote:
Originally Posted by rcarter1
Their opening gambit was pledge, you'll own the club, we'll be debt free and your money will be used as extra cash to help the club.
Now it's your cash will be used to pay off the debt to buy the club, oh and there is the 500K football debt.
6000 pledges was enough to buy the club at one point remember.
Ive not seen anyone state (BDO mainly) say that they have to capital to fund them til Feb if they remained in admin that long.
FoH could have had the best part of a years pledges by then but chose not to.
Christmas present raffle anyone?
A mortgage secured on what though?Quote:
Originally Posted by rcarter1
Id presume if they were to take a mortgage on Tynecastle they could raise a few million?Quote:
Originally Posted by Hibby Kay-Yay
The original comment was for FOH to amend their bid and buy the CLUB only. So they wouldn't be able to mortgage the Asbestos Arena.Quote:
Originally Posted by rcarter1
I think BDO said that they would be able to make it through to Christmas, presumably because once the season starts they will receive money from the SPL in addition to the normal ticket money. I assumed that meant that they were hoping to have sold the Yams by then, meaning that funding for the second half of the season would be the responsibility of the new owner, but Birch's comments yesterday about them still being in administration in February seems to rule that out.
I'll make a bold prediction. Massone is the only one offering enough hard cash up front to satisfy the secured creditor. He'll then offer the club to Save Hearts In Trouble for a nominal sum because he has no interest in a football team and this avoids the fit and proper person test. And he'll offer to let them play rent free at the PBS for a couple of seasons providing they support his planning application for housing, because he knows that they have nowhere else to go and with the main supporters group muzzled, the process will be quicker.
End result is a financially restricted Yams surviving on bake sales and any DDs that haven't been cancelled as they groundshare at Livingston and play in the lower divisions.
Apologies, Im clearly misunderstanding the situation. If they do that and relinquish Tynecastle are they planning to groundshare?Quote:
Originally Posted by Hot Shot Hamish
Unlikely they can afford the ground and the club though. If they go for just the club a mortgage is highly unlikely as is any loan.
They wouldn't need a mortgage for the club - weren't Huns RIP sold for a quid?Quote:
Originally Posted by Hibby Kay-Yay
Delusions...Quote:
Originally Posted by Hibby Kay-Yay
:tee hee::applause:Quote:
Originally Posted by steakbake
Could the words not be used on a Yam Epitaph Stone behind the East. :greengrinQuote:
Originally Posted by YehButNoBut