Share Transfers Agreed/Cooling off period

Quote:

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Originally Posted by Caversham Green

Added to that, in the year they'll be reporting they've sold Wallace and Johnsson (and possibly someone else) won the Scottish cup and had a lucrative Euro tie with Spurs, so this could actually be their first true profit since their return from the front line. It's littered with one-offs so nothing to get too excited about, but it will increase the price for anyone wanting to buy them.

I think the sticking point will be the auditors though. I can't see how they can provide any sort of opinion in the current circumstances - no word of an extension of the debt facility and UBIG apparently on the brink anyway. A secondary security granted to a bank that's just gone bust. Something else needs to happen before the auditors can sign off a report IMO.

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Item 25 of the accounts specifically mentions receiving £ 700,000 for Wallace and £510,000 for Jonnson being included in the total of £ 2.9million received ( period 1/7/2011 to date of accounts 5/4/2012 )

Who were the other players ?

They will also have to include the £1.5 million still due to HMRC.

Quote:

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Originally Posted by greenginger

Item 25 of the accounts specifically mentions receiving £ 700,000 for Wallace and £510,000 for Jonnson being included in the total of £ 2.9million received ( period 1/7/2011 to date of accounts 5/4/2012 )

Who were the other players ?

They will also have to include the £1.5 million still due to HMRC.

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Just had a look - that note reads to me like the player sales are in addition to the £2.9m, but it's not entirely clear. They will be including the full £1.5m receivable for Wallace in these accounts as it wasn't contingent on anything and has now been received in full, but they will also have to include the tax liability as you say. I don't know if there were any other players sold, I just had a feeling I was missing someone.

Quote:

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Originally Posted by Caversham Green

Just had a look - that note reads to me like the player sales are in addition to the £2.9m, but it's not entirely clear. They will be including the full £1.5m receivable for Wallace in these accounts as it wasn't contingent on anything and has now been received in full, but they will also have to include the tax liability as you say. I don't know if there were any other players sold, I just had a feeling I was missing someone.

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Did they not agree a final payment of 100k less to get the money now? Or am I mixing this with another player?

Quote:

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Originally Posted by Caversham Green

Just had a look - that note reads to me like the player sales are in addition to the £2.9m, but it's not entirely clear. They will be including the full £1.5m receivable for Wallace in these accounts as it wasn't contingent on anything and has now been received in full, but they will also have to include the tax liability as you say. I don't know if there were any other players sold, I just had a feeling I was missing someone.

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Did they sell Ryan Stevenson also? It beggars belief that a club can have taken in £2.9m in fees + McGowan, won the Scottish Cup (with all the associated prize money & additional earnings) and had lucrative UEFA cup ties against Spurs and Liverpool, had a share issue/bake sale which raised £1m in the last year and a half, and yet still be in the financial state that they are. That must be £6m over and above ordinary turnover in that period.

Quote:

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Originally Posted by Sergio sledge

Did they sell Ryan Stevenson also? It beggars belief that a club can have taken in £2.9m in fees + McGowan, won the Scottish Cup (with all the associated prize money & additional earnings) and had lucrative UEFA cup ties against Spurs and Liverpool, had a share issue/bake sale which raised £1m in the last year and a half, and yet still be in the financial state that they are. That must be £6m over and above ordinary turnover in that period.

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The £ 2.9 million referred to in ther last published accounts was money received/contracted to receive after the accounts period 30/6/2011 untill the accounts were actually signed 5/4/2012.

So who left the PBS in this period for big bucks apart from Wallace and Jonnson ?

Quote:

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Originally Posted by Hibby Kay-Yay

Did they not agree a final payment of 100k less to get the money now? Or am I mixing this with another player?

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No, I think you're right - they'll have to knock that £100k off in these accounts.

Quote:

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Originally Posted by Sergio sledge

Did they sell Ryan Stevenson also? It beggars belief that a club can have taken in £2.9m in fees + McGowan, won the Scottish Cup (with all the associated prize money & additional earnings) and had lucrative UEFA cup ties against Spurs and Liverpool, had a share issue/bake sale which raised £1m in the last year and a half, and yet still be in the financial state that they are. That must be £6m over and above ordinary turnover in that period.

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Stevenson walked because of the late wages and the way the club was being run. Did they sell Templeton before 30th June though? It might be him I'm thinking of.

If Vlad is to be believed they've had more than double their ordinary turnover by way of parent company funding for each of the last six years, and it's highly unlikely that they'll ever repay it. That's why they should suffer the points deduction without question when UBIG go under.

Quote:

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Originally Posted by Caversham Green

No, I think you're right - they'll have to knock that £100k off in these accounts.



Stevenson walked because of the late wages and the way the club was being run. Did they sell Templeton before 30th June though? It might be him I'm thinking of.

If Vlad is to be believed they've had more than double their ordinary turnover by way of parent company funding for each of the last six years, and it's highly unlikely that they'll ever repay it. That's why they should suffer the points deduction without question when UBIG go under.

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Templeton was still playing for Hearts at the start of this season. He was the obligatory player to escape a red card but be retrospectively punished in the first derby. :rolleyes:

Quote:

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Originally Posted by greenginger

The £ 2.9 million referred to in ther last published accounts was money received/contracted to receive after the accounts period 30/6/2011 untill the accounts were actually signed 5/4/2012.

So who left the PBS in this period for big bucks apart from Wallace and Jonnson ?

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As P/TS says, the note is very strangely worded. It doesn't read like it relates to HoMFC players being sold, more like some sort of fees for acting as agents. These accounts are going to be very interesting if they ever do appear.

Quote:

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Originally Posted by greenginger

The £ 2.9 million referred to in ther last published accounts was money received/contracted to receive after the accounts period 30/6/2011 untill the accounts were actually signed 5/4/2012.

So who left the PBS in this period for big bucks apart from Wallace and Jonnson ?

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Nobody (Stevenson was sold to Ipswich for two and six).

That's why I'm suggesting that there must be some contract in place with a third party (I guess controlled by Romanov) that has given HMFC an advance on transfer fees, but that party then receives the funds when they are actually sold.

To be fair it actually looks like being a good deal for HMFC, given that the only players sold since then are Templeton and McGowan. That raised about £1M in fees, but there are hardly any other players worth anything that they control. And that advance transfer cash probably got them out of a big hole last season.

Quote:

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Originally Posted by JeMeSouviens

Templeton was still playing for Hearts at the start of this season. He was the obligatory player to escape a red card but be retrospectively punished in the first derby. :rolleyes:

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Aye, so he was. I guess it was just those two that were sold then.

Scotsman‏@scotsmandotcomFormer Dundee United boss Peter Houston has confirmed his interest in Hearts job, but has "loads of questions" http://bit.ly/XTEKL3

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Originally Posted by s.a.m

Scotsman‏@scotsmandotcomFormer Dundee United boss Peter Houston has confirmed his interest in Hearts job, but has "loads of questions" http://bit.ly/XTEKL3

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:greengrinHe won't get loads of answers:greengrin

Quote:

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Originally Posted by Part/Time Supporter

Nobody (Stevenson was sold to Ipswich for two and six).

That's why I'm suggesting that there must be some contract in place with a third party (I guess controlled by Romanov) that has given HMFC an advance on transfer fees, but that party then receives the funds when they are actually sold.

To be fair it actually looks like being a good deal for HMFC, given that the only players sold since then are Templeton and McGowan. That raised about £1M in fees, but there are hardly any other players worth anything that they control. And that advance transfer cash probably got them out of a big hole last season.

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Yeah, but like all advances they need to be repaid sometime. I wonder if it involved that Russian Football agent that supplied Kingston back in the Yam happy times ?

Be quite funny if Mckie and Hearts Foundation succeed in their take-over and find they have an unwelcome partner - Igor and the Head -Hunters, looking for the balance of the £2.9 million plus interest at rates that would make Wonga blush. :greengrin

Quote:

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Originally Posted by s.a.m

Scotsman‏@scotsmandotcomFormer Dundee United boss Peter Houston has confirmed his interest in Hearts job, but has "loads of questions" http://bit.ly/XTEKL3

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Im sorry but what manager in their right mind would even consider taking a managerial position at that utter shambles of a club! Yes i'm sure its well paid but the whole club is a farce and that manager is just a puppet to a higher power.

You would have to be a complete fool to take that job if you ask me!

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Originally Posted by Spike Mandela

:greengrinHe won't get loads of answers:greengrin

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Nobody ever does, I don't think anybody really has a clue what the hell is going on at the corrupt shambolic organisation that is Heart of midlothian FC.

If you arent working and someone is daft enough to offer you a large wage for a couple of days/weeks/months then why not take it? Gaps on the CV are harder to explain and albeit working for the Yams is madness but at least its paid madness......

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Originally Posted by Platinum Scotty

If you arent working and someone is daft enough to offer you a large wage for a couple of days/weeks/months then why not take it? Gaps on the CV are harder to explain and albeit working for the Yams is madness but at least its paid madness......

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Ehhhhhhhh, this is optional, no?:cb

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Originally Posted by Spike Mandela

Ehhhhhhhh, this is optional, no?:cb

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Spike - damn good point.............maybe thats one of the questions Houston was asking 'can I expect to see pay hit my bank account on a regular basis should i take the job'

Quote:

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Originally Posted by NumberSeven

Im sorry but what manager in their right mind would even consider taking a managerial position at that utter shambles of a club! Yes i'm sure its well paid but the whole club is a farce and that manager is just a puppet to a higher power.

You would have to be a complete fool to take that job if you ask me!

---

Quote:

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Originally Posted by Platinum Scotty

If you arent working and someone is daft enough to offer you a large wage for a couple of days/weeks/months then why not take it? Gaps on the CV are harder to explain and albeit working for the Yams is madness but at least its paid madness......

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Common factor in names mentioned for Yams manager , Derek McInnes , Peter Houston and Fat Striker :

They all have a P45 handy.:deal:

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Originally Posted by Treadstone

Common factor in names mentioned for Yams manager , Derek McInnes , Peter Houston and Fat Striker :

They all have a P45 handy.:deal:

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"This job will appeal to a wide range of people"

Quote:

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Originally Posted by Platinum Scotty

Spike - damn good point.............maybe thats one of the questions Houston was asking 'can I expect to see pay hit my bank account on a regular basis should i take the job'

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Maybe his wife works in a manner similar to the last incumbent so it will be okay.

Quote:

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Originally Posted by NumberSeven

Im sorry but what manager in their right mind would even consider taking a managerial position at that utter shambles of a club! Yes i'm sure its well paid but the whole club is a farce and that manager is just a puppet to a higher power.

You would have to be a complete fool to take that job if you ask me!

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It really is a no lose situation for a manager, do well and your reputation is enhanced, do badly and there's no damage to your reputation as there are so many behind the scenes mitigating factors.

Quote:

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Originally Posted by Sergio sledge

Did they sell Ryan Stevenson also? It beggars belief that a club can have taken in £2.9m in fees + McGowan, won the Scottish Cup (with all the associated prize money & additional earnings) and had lucrative UEFA cup ties against Spurs and Liverpool, had a share issue/bake sale which raised £1m in the last year and a half, and yet still be in the financial state that they are. That must be £6m over and above ordinary turnover in that period.

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As a peg-selling HIV-ridden needle addict hobo it is clear you ken heehaw about how big clubs operate. 5-1 ya bass! :wink:

Is this the same Houston who left Utd cos they kept cutting back his squad?!? Shirley he must know his warchest at the merricks is gonna be a hell of a lot less than at Utd, or maybe he is as daft as he looks :confused:

Quote:

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Originally Posted by PatHead

Maybe his wife works in a manner similar to the last incumbent so it will be okay.

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:agree: It's how the managers of all big clubs think.

Quote:

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Originally Posted by vince1973

Is this the same Houston who left Utd cos they kept cutting back his squad?!? Shirley he must know his warchest at the merricks is gonna be a hell of a lot less than at Utd, or maybe he is as daft as he looks :confused:

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May'be its because he was'nt inundated with job offers from England as soon as he left the Arabs. :agree:

Was there not supposed to be news from lith late Tuesday afternoon?? Seems to have went very quiet on the admin front. Is this going to happen this week or not??

http://www.lithuaniatribune.com/3124...mpf-201331246/


Latest piece from our Vlad, Talks about perverts, going to prison, and writing his very own " Mein Kamph ".


We really will miss him .......:greengrin

Quote:

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Originally Posted by greenginger

http://www.lithuaniatribune.com/3124...mpf-201331246/


Latest piece from our Vlad, Talks about perverts, going to prison, and writing his very own " Mein Kamph ".


We really will miss him .......:greengrin

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lets get a whip round for his statue organised! we luv u Vlad:greengrin

Quote:

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Originally Posted by NumberSeven

Im sorry but what manager in their right mind would even consider taking a managerial position at that utter shambles of a club! Yes i'm sure its well paid but the whole club is a farce and that manager is just a puppet to a higher power.

You would have to be a complete fool to take that job if you ask me!

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Houstons perfect then :agree:

Quote:

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Originally Posted by RickyS

lets get a whip round for his statue organised! we luv u Vlad:greengrin

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In some ways this is quite an astonishing interview. It's Romanov himself who raises the spectre of him 'going to prison' and it goes onto say:

The businessman, who used to be included in the list of the wealthiest people every year, also remembers that exactly 10 years ago he nearly lost his only son Roman. “I only realized what was happening when one of the workers told me to look closer at who my son is associated with and what he does. A criminal gang had involved my son into their business – hoping to profit from it” – recollects Romanov.

This sounds very much like passing the buck onto his son and preparing some convoluted preemptive strike against criminal prosecutions.

If I was a Jambo, this aspect of the case would be concerning me the most, as it's this one which most threatens the 'Third Lanark option' rather the various 'reduced circumstances' ones.

Quote:

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Originally Posted by Dashing Bob S

In some ways this is quite an astonishing interview. It's Romanov himself who raises the spectre of him 'going to prison' and it goes onto say:

The businessman, who used to be included in the list of the wealthiest people every year, also remembers that exactly 10 years ago he nearly lost his only son Roman. “I only realized what was happening when one of the workers told me to look closer at who my son is associated with and what he does. A criminal gang had involved my son into their business – hoping to profit from it” – recollects Romanov.

This sounds very much like passing the buck onto his son and preparing some convoluted preemptive strike against criminal prosecutions.

If I was a Jambo, this aspect of the case would be concerning me the most, as it's this one which most threatens the 'Third Lanark option' rather the various 'reduced circumstances' ones.

---

Not fit to be a director of a football club type stuff

Quote:

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Originally Posted by Dashing Bob S

In some ways this is quite an astonishing interview. It's Romanov himself who raises the spectre of him 'going to prison' and it goes onto say:

The businessman, who used to be included in the list of the wealthiest people every year, also remembers that exactly 10 years ago he nearly lost his only son Roman. “I only realized what was happening when one of the workers told me to look closer at who my son is associated with and what he does. A criminal gang had involved my son into their business – hoping to profit from it” – recollects Romanov.

This sounds very much like passing the buck onto his son and preparing some convoluted preemptive strike against criminal prosecutions.

If I was a Jambo, this aspect of the case would be concerning me the most, as it's this one which most threatens the 'Third Lanark option' rather the various 'reduced circumstances' ones.

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Romanov went from selling bootleg cd's to multi millionaire. He was only ever going to end up dead or in prison, maybe he'll end up dead in prison.

Quote:

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Originally Posted by joe breezy

Not fit to be a director of a football club type stuff

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Good thing he's not a Director then :wink:. He's a slippery one, I'll give him that

Quote:

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Originally Posted by cocopops1875

"This job will appeal to a wide range of people"

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More like a range of wide people?

Quote:

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Originally Posted by Bostonhibby

More like a range of wide people?

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JJ was in their club shop the other day right enough. "Have you got that in XXXL" he was heard to say.

The Hearts job is actually quite a prospect tbh. You are never going to get blamed when it goes tits up, and only a poor St.Mirren team (who are on a quarter of the wages of your still massively financially doped up squad) stand between you having a cup win on your CV.

The Houston's and McInness's of this world aren't as daft as some people would believe.

In a sane sport (rather than the entertainment industry football has become) integrity would be paramount, and Hearts would be treated like a Lance Armstrong who is pending a doping investigation, but is openly sticking needles in his arm on camera as he pedals towards the finishing line. The cliche that football has sold it's soul has never seemed more apt, and Scottish football never really had much of one (that wasn't, dark, sectarian and corrupt) to sell in the first place.

Quote:

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Originally Posted by Dashing Bob S

The Hearts job is actually quite a prospect tbh. You are never going to get blamed when it goes tits up, and only a poor St.Mirren team (who are on a quarter of the wages of your still massively financially doped up squad) stand between you having a cup win on your CV.

The Houston's and McInness's of this world aren't as daft as some people would believe.

In a sane sport (rather than the entertainment industry football has become) integrity would be paramount, and Hearts would be treated like a Lance Armstrong who is pending a doping investigation, but is openly sticking needles in his arm on camera as he pedals towards the finishing line. The cliche that football has sold it's soul has never seemed more apt, and Scottish football never really had much of one (that wasn't, dark, sectarian and corrupt) to sell in the first place.

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Dont know about that Bob, look at the abuse getting hurled at the bus driver recently.

I received this letter from Lithuanian state rescue fund administrator. UB has taken over part of the claim of UBIG against Hearts. This remains at UB and hence bankruptcy proceedings will be started by the fund to recover funds by selling Tynecastle.


Dear Sirs, In order to clarify the information with respect to Hearts of Midlothian plc, I would like to stress the following:


(a) AB Ukio bankas has a claim against Hearts of Midlothian plc (AB Ukio bankas has taken over the part of the claim from UAB Ukio banko investicine grupe). This claim remains with AB Ukio bankas and was not transferred to AB Siauliu bankas;
(b) On the date of this letter the claim of AB Ukio bankas against Hearts of Midlothian plc has not matured yet;
(c) The claim of AB Ukio bankas against Hearts of Midlothian plc is secured by the standard security over a stadium and a floating charge;
(d) AB Ukio bankas neither owns the shares in Hearts of Midlothian plc nor has pledge over the shares. Therefore, any potential acquirers of Hearts of Midlothian plc should contact the owners of the club.
Best regards,
Adomas Audickas

Quote:

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Originally Posted by desantos0773

I received this letter from Lithuanian state rescue fund administrator. UB has taken over part of the claim of UBIG against Hearts. This remains at UB and hence bankruptcy proceedings will be started by the fund to recover funds by selling Tynecastle.


Dear Sirs, In order to clarify the information with respect to Hearts of Midlothian plc, I would like to stress the following:


(a) AB Ukio bankas has a claim against Hearts of Midlothian plc (AB Ukio bankas has taken over the part of the claim from UAB Ukio banko investicine grupe). This claim remains with AB Ukio bankas and was not transferred to AB Siauliu bankas;
(b) On the date of this letter the claim of AB Ukio bankas against Hearts of Midlothian plc has not matured yet;
(c) The claim of AB Ukio bankas against Hearts of Midlothian plc is secured by the standard security over a stadium and a floating charge;
(d) AB Ukio bankas neither owns the shares in Hearts of Midlothian plc nor has pledge over the shares. Therefore, any potential acquirers of Hearts of Midlothian plc should contact the owners of the club.
Best regards,
Adomas Audickas

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They make those names up- :greengrin- there's no way that's a real person- It's like the names on the emails telling you there's 10% of a 100 million pound fortune waiting for you if you send them all your bank details.

Quote:

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Originally Posted by The Green Goblin

They make those names up- :greengrin- there's no way that's a real person- It's like the names on the emails telling you there's 10% of a 100 million pound fortune waiting for you if you send them all your bank details.

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The administrator of UKIO Bankas is called Adomis Audickas, here's his fb if anyone wants to get in touch. He went to uni in Reading, so his english is probably good.

http://www.facebook.com/adomas.audickas

Quote:

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Originally Posted by desantos0773

I received this letter from Lithuanian state rescue fund administrator. UB has taken over part of the claim of UBIG against Hearts. This remains at UB and hence bankruptcy proceedings will be started by the fund to recover funds by selling Tynecastle.


Dear Sirs, In order to clarify the information with respect to Hearts of Midlothian plc, I would like to stress the following:


(a) AB Ukio bankas has a claim against Hearts of Midlothian plc (AB Ukio bankas has taken over the part of the claim from UAB Ukio banko investicine grupe). This claim remains with AB Ukio bankas and was not transferred to AB Siauliu bankas;
(b) On the date of this letter the claim of AB Ukio bankas against Hearts of Midlothian plc has not matured yet;
(c) The claim of AB Ukio bankas against Hearts of Midlothian plc is secured by the standard security over a stadium and a floating charge;
(d) AB Ukio bankas neither owns the shares in Hearts of Midlothian plc nor has pledge over the shares. Therefore, any potential acquirers of Hearts of Midlothian plc should contact the owners of the club.
Best regards,
Adomas Audickas

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Good work there :aok:

How come our press can't come up with this sort of information :greengrin

Quote:

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Originally Posted by JeMeSouviens

The administrator of UKIO Bankas is called Adomis Audickas, here's his fb if anyone wants to get in touch. He went to uni in Reading, so his english is probably good.

http://www.facebook.com/adomas.audickas

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Talk about dumbing down. At one time you'd have gone to study Literature, and now it's Reading. What next, rename all the Math courses "Sums"?

Quote:

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Originally Posted by desantos0773

I got the 10,000 post! Got the information posing as potential buyer of HFC!

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Why did you write to them posing as a buyer of Hibs. Surely you mean HMFC?

Quote:

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Originally Posted by desantos0773

I received this letter from Lithuanian state rescue fund administrator. UB has taken over part of the claim of UBIG against Hearts. This remains at UB and hence bankruptcy proceedings will be started by the fund to recover funds by selling Tynecastle.

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Will they not try to firstly recover funds from UBIG. Only once they have exhausted this avenue, and UBIG is liquidated, will they then be able to move towards selling the assets they hold a charge over?

That could take a very long time.

Quote:

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Originally Posted by StevieC

Will they not try to firstly recover funds from UBIG. Only once they have exhausted this avenue, and UBIG is liquidated, will they then be able to move towards selling the assets they hold a charge over?

That could take a very long time.

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:agree:

Works both ways; it also makes it very difficult for the club to be sold in the meantime. HMFC will probably limp on for some time (months rather than years) without anything decisive happening.

Quote:

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Originally Posted by StevieC

Will they not try to firstly recover funds from UBIG. Only once they have exhausted this avenue, and UBIG is liquidated, will they then be able to move towards selling the assets they hold a charge over?

That could take a very long time.

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It sounds like Hearts owe Ukio directly, but the money isn't due yet?

Quote:

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(b) On the date of this letter the claim of AB Ukio bankas against Hearts of Midlothian plc has not matured yet;
(c) The claim of AB Ukio bankas against Hearts of Midlothian plc is secured by the standard security over a stadium and a floating charge;

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Wasn't there something about UBIG reviewing the terms this summer? Is that when it "matures"?

Quote:

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Originally Posted by Mikey

Good work there :aok:

How come our press can't come up with this sort of information :greengrin

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Because they are scared to get the silent treatment from Hearts? Or even worse, empty legal threats...

#allisbarry

Ladbrokes special offer in window in corstorphine hearts 5 hibs 1 a tenner wins 210 quid. Lol

Quote:

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Originally Posted by Mikey

Good work there :aok:

How come our press can't come up with this sort of information :greengrin

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I can't understand that either..baffling to me, yet they are going on about the Pars going bust for a measly 50k..:confused:

Quote:

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Originally Posted by PatHead

Why did you write to them posing as a buyer of Hibs. Surely you mean HMFC?

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Yes missed the M out!

Quote:

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Originally Posted by DarrenSQH

Ladbrokes special offer in window in corstorphine hearts 5 hibs 1 a tenner wins 210 quid. Lol

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Please don't joke about that. ;-)

Quote:

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Originally Posted by DarrenSQH

Ladbrokes special offer in window in corstorphine hearts 5 hibs 1 a tenner wins 210 quid. Lol

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There must be a zero or 2 missing from those returns?

Quote:

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Originally Posted by HIBERNIAN-0762

I can't understand that either..baffling to me, yet they are going on about the Pars going bust for a measly 50k..:confused:

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Sloppy journalism. Statements available on Bloomberg which state loans UBIG not going to new bank and rescue fund would use bankruptcy proceedings to recover any assets held against these loans. They could as I did find the status of the Loan from UB to HMFC which is we know is not at the new bank. This means the consider it a bad loan which will never be repaid. They will then sell Tynecastle to Recover some of the loss. This could be to ever buys what's is left of Hearts or a property developer.

Quote:

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Originally Posted by Mikey

JJ was in their club shop the other day right enough. "Have you got that in XXXL" he was heard to say.

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He must be thinking of signing Nade then ! :na na:

BBC Sportsound suggesting that Houston the likely candidate to replace Mcglynn. Hearts supporters not impressed with this

Quote:

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Originally Posted by desantos0773

Sloppy journalism. Statements available on Bloomberg which state loans UBIG not going to new bank and rescue fund would use bankruptcy proceedings to recover any assets held against these loans. They could as I did find the status of the Loan from UB to HMFC which is we know is not at the new bank. This means the consider it a bad loan which will never be repaid. They will then sell Tynecastle to Recover some of the loss. This could be to ever buys what's is left of Hearts or a property developer.

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It is not clear that they view it as a bad loan, never to be repaid.
We really need to establish on what terms UB are going to ask UBIG for repayment.
Unless the loan is called in earlier this will occur in the summer when the loan capital moratorium ends.
The lack of clarity around this will probably enable season tickets to be issued for sale without legal challenge for trading while insolvent being labled against the Directors.

A good journalist should be able to find out if the bank have already decided what to do.

Football is a funny business, the lender has every incentive to just ask for full repayment.
Hearts fans amazingly still don't realise this yet.
They will keep on doing high fives because every year and every million repayment will make them think was it worth it!
The children of Hearts children will be enslaved to Ukio Bankas.
Really feel sad for them but the moral of the story is you reap what you sow.

Quote:

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Originally Posted by Billy Whizz

BBC Sportsound suggesting that Houston the likely candidate to replace Mcglynn. Hearts supporters not impressed with this

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I thought he left Dundee Utd to take over Blackpool at the end of the session

Or am I on glue?

Quote:

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Originally Posted by Billy Whizz

BBC Sportsound suggesting that Houston the likely candidate to replace Mcglynn. Hearts supporters not impressed with this

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Houston would be a fantastic appointment for hearts can't understand why they wouldn't want him. Who are they expecting to get in their current state?

Houston we have a problem! has a certain ring to it.

Quote:

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Originally Posted by SouthMoroccoStu

I thought he left Dundee Utd to take over Blackpool at the end of the session

Or am I on glue?

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I thought that too. Maybe he's counting on them not lasting the summer.....

Quote:

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Originally Posted by SouthMoroccoStu

I thought he left Dundee Utd to take over Blackpool at the end of the session

Or am I on glue?

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UHU http://www.dailymail.co.uk/sport/foo...binations.html

Quote:

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Originally Posted by s.a.m

I thought that too. Maybe he's counting on them not lasting the summer.....

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How long a deal did Paul ince get at Blackpool ?

John Robertson is getting the job

Quote:

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Originally Posted by Gooner Hibby

John Robertson is getting the job

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I bloody hope so, as he's useless

Quote:

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Originally Posted by SouthMoroccoStu

I thought he left Dundee Utd to take over Blackpool at the end of the session

Or am I on glue?

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So did he :greengrin

Quote:

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Originally Posted by #FromTheCapital

Houston would be a fantastic appointment for hearts can't understand why they wouldn't want him. Who are they expecting to get in their current state?

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A champs league manager to get them back on track to win it, of course. Duh!!

Quote:

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Originally Posted by JeMeSouviens

The administrator of UKIO Bankas is called Adomis Audickas, here's his fb if anyone wants to get in touch. He went to uni in Reading, so his english is probably good.

http://www.facebook.com/adomas.audickas

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I know...I wasn't really being serious. Cheers

Quote:

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Originally Posted by Gooner Hibby

John Robertson is getting the job

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No, That's a misquote.

John Robertson is getting A job......





as Mr. Krispy Kreme.

I'd love to be fly on wall during the manager interviews when the subject of salary is tackled!!
Can't afford an SPL appeal fee, so how DO they pay a managers wage? or is it literally just peanuts?!!

Quote:

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Originally Posted by CropleyWasGod

No, That's a misquote.

John Robertson is getting A job......





as Mr. Krispy Kreme.

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would be great if fatso Robertson and his pea brain pal Preston got the dream team job......take the 2 clowns off our airwaves.

Quote:

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Originally Posted by Hibernia Na Eir

would be great if fatso Robertson and his pea brain pal Preston got the dream team job......take the 2 clowns off our airwaves.

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Best shout I've heard in years

Preston especially is a totally biased barsteward

tazheartsJunior Member

Registered Users A


616 posts
Posted Today, 19:16
I have it on good authority that Peter Houston's first move as Hearts manager will be to persuade Jon Daly that his future lies with Hearts instead of wasting away the rest of his career in Scotland's lower leagues.

C'mon, own up. Who started this one on sickback?
:ostrich::ostrich::ostrich:

Quote:

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Originally Posted by CropleyWasGod

No, That's a misquote.

John Robertson is getting A job......

as Mr. Krispy Kreme.

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Sure is..... A blowy from that grade A... Knob Preston

Quote:

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Originally Posted by Killiehibbie

Romanov went from selling bootleg cd's to multi millionaire. He was only ever going to end up dead or in prison, maybe he'll end up dead in prison.

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Dead and bummed probably.

Robbo wants the job as he can order pies from the dugout on his iphone.

I would really love him to be manager if/when hearts are flushed away.

Quote:

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Originally Posted by CropleyWasGod

No, That's a misquote.

John Robertson is getting A job......

as Mr. Krispy Kreme.

---

Does that involve him dressing up as a doughnut? No costume required. :-D

Quote:

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Originally Posted by Hibeesforever

It is not clear that they view it as a bad loan, never to be repaid.
We really need to establish on what terms UB are going to ask UBIG for repayment.
Unless the loan is called in earlier this will occur in the summer when the loan capital moratorium ends.
The lack of clarity around this will probably enable season tickets to be issued for sale without legal challenge for trading while insolvent being labled against the Directors.

A good journalist should be able to find out if the bank have already decided what to do.

Football is a funny business, the lender has every incentive to just ask for full repayment.
Hearts fans amazingly still don't realise this yet.
They will keep on doing high fives because every year and every million repayment will make them think was it worth it!
The children of Hearts children will be enslaved to Ukio Bankas.
Really feel sad for them but the moral of the story is you reap what you sow.

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Not sure I fully understand the recent development and the reply from the temporary administrator ... Ukio Bankas is kapoot yes? , and saliuis bank have not taken on this security over the PBS therefore ub still have the security but are not functioning as a company any more. So who will demand that the PBS is sold and what will happen to the proceeds? Is it all dependant on ubigs survival or death or does it factor into the proposed sale of the club? ...... Too many questions and no answers :dunno::dunno::dunno:

#allisbarry

Quote:

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Originally Posted by Craig_in_Prague

Robbo wants the job as he can order pies from the dugout on his iphone.

I would really love him to be manager if/when hearts are flushed away.

---

his pIe phone

Quote:

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Originally Posted by Craig_in_Prague

Robbo wants the job as he can order pies from the dugout on his iphone.

I would really love him to be manager if/when hearts are flushed away.

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I hope for this. :greengrin

I think Gary Locke would be better. Truly a loathsome hearts clown. Mind you robbo isn't far behind.

Now that is going to be a feat of marketing genius to shift those in volume :rolleyes:

It will be a hard sell and their numbers will drop but they do have quite a loyal support and will probably shift a decent amount.

Their crowds have held up pretty well all things considered. That said, had we won 3 Scottish cups and had a good few top 3 finishes and rarely been out the top 6 in the last 15 years, I am sure our crowds would have been decent too.

The real test of their loyalty could come in a couple of years after some bottom 6 finishes, or maybe even a relegation.........

Quote:

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Originally Posted by The Sea-gull

It will be a hard sell and their numbers will drop but they do have quite a loyal support and will probably shift a decent amount.

Their crowds have held up pretty well all things considered. That said, had we won 3 Scottish cups and had a good few top 3 finishes and rarely been out the top 6 in the last 15 years, I am sure our crowds would have been decent too.

The real test of their loyalty could come in a couple of years after some bottom 6 finishes, or maybe even a relegation.........

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not so much loyalty to club im thinking - its likelyhood of money actually remaining within it. Not sure I would be stumping up were the boot on the other foot

not been on their Fishy site for yonks (why would I)....but this is embarrassing in the extreme...could not believe what I was seeing its so amateur and to think we have moaned when Hibs site is a couple of days out of date...this is years out of date and pure fantasy....

Under LATEST NEWS

http://www.heartsfc.co.uk/page/Tynec...,10289,00.html



Oh yes but trust us with your ST money

Quote:

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Originally Posted by down-the-slope

not been on their Fishy site for yonks (why would I)....but this is embarrassing in the extreme...could not believe what I was seeing its so amateur and to think we have moaned when Hibs site is a couple of days out of date...this is years out of date and pure fantasy....

Under LATEST NEWS

http://www.heartsfc.co.uk/page/Tynec...,10289,00.html



Oh yes but trust us with your ST money

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Hilarious....:hilarious

Quote:

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Originally Posted by down-the-slope

not been on their Fishy site for yonks (why would I)....but this is embarrassing in the extreme...could not believe what I was seeing its so amateur and to think we have moaned when Hibs site is a couple of days out of date...this is years out of date and pure fantasy....

Under LATEST NEWS

http://www.heartsfc.co.uk/page/Tynec...,10289,00.html



Oh yes but trust us with your ST money

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Christoph Berra is still their captain, has anyone told Wolves?

Quote:

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Originally Posted by HIBERNIAN-0762

Hilarious....:hilarious

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2011 is just round the corner - canny wait to see the redeveloped TYnie in its full glory! :thumbsup:

Quote:

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Originally Posted by down-the-slope

not so much loyalty to club im thinking - its likelyhood of money actually remaining within it. Not sure I would be stumping up were the boot on the other foot

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Besides which, if they want Romanov to sell they'd be better not buying the STs. Putting cash into the club at this stage will just put up the price for potential buyers, while starving it of cash could force a quick sale. Buying STs after the sale of the club would provide the new regime with funds rather than shoring up the crippled current one.

I wouldn't expect the yams to work that one out though.

Quote:

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Originally Posted by Caversham Green

Besides which, if they want Romanov to sell they'd be better not buying the STs. Putting cash into the club at this stage will just put up the price for potential buyers, while starving it of cash could force a quick sale. Buying STs after the sale of the club would provide the new regime with funds rather than shoring up the crippled current one.

I wouldn't expect the yams to work that one out though.

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Just like the share offer I hope they all pump their cash in now.

Quote:

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Originally Posted by down-the-slope

not been on their Fishy site for yonks (why would I)....but this is embarrassing in the extreme...could not believe what I was seeing its so amateur and to think we have moaned when Hibs site is a couple of days out of date...this is years out of date and pure fantasy....

Under LATEST NEWS

http://www.heartsfc.co.uk/page/Tynec...,10289,00.html


Oh yes but trust us with your ST money

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There's a 'timeline' for doing it all too. :D

http://www.heartsfc.co.uk/articles/2...241749_1091729

Quote:

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Originally Posted by HIBERNIAN-0762

Hilarious....:hilarious

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Well I suppose it depends who you are.........

Attachment 9453


That's an application!

A spokesperson for Hearts commented, "This is what you call a planning application! The detail is absolutely incredible. With more than 20 boxes plus hundreds of files there is little doubt that the application is thorough and highly professional."

Quote:

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Originally Posted by Gettin' Auld

There's a 'timeline' for doing it all too. :D

http://www.heartsfc.co.uk/articles/2...241749_1091729

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Lol, been trying to find that picture with the pigs flying about their new stand , anybody have it !

Quote:

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Originally Posted by Fife-Hibee

Lol, been trying to find that picture with the pigs flying about their new stand , anybody have it !

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http://i19.photobucket.com/albums/b1...lanninghh7.jpg

Quote:

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Originally Posted by Desperate Dan

http://i19.photobucket.com/albums/b1...lanninghh7.jpg

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Hahaha, cheers for that !!

Quote:

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Originally Posted by Hibeesforever

It is not clear that they view it as a bad loan, never to be repaid.
We really need to establish on what terms UB are going to ask UBIG for repayment.
Unless the loan is called in earlier this will occur in the summer when the loan capital moratorium ends.
The lack of clarity around this will probably enable season tickets to be issued for sale without legal challenge for trading while insolvent being labled against the Directors.

A good journalist should be able to find out if the bank have already decided what to do.

Football is a funny business, the lender has every incentive to just ask for full repayment.
Hearts fans amazingly still don't realise this yet.
They will keep on doing high fives because every year and every million repayment will make them think was it worth it!
The children of Hearts children will be enslaved to Ukio Bankas.
Really feel sad for them but the moral of the story is you reap what you sow.

---

Clearly decided it was a bad loan otherwise would have been transferred to new bank. If you read the statements coming out from Lithuanian rescue fund which are freely available on the Bloomberg website. They aim to recover funds from bad loans by instigating bankruptcy proceedings to sell secured assets. Anyone buying Heats will be paying for the palyers and the club name. They will have to buy the stadium from the adminstrator. Heart's other loans are to UBIG via UB but are unsecured. The Lithuanian state have froxen and will likley seize any remaining assets of Romanov as it is loans that led to the insolvency.

The rescue fund will look to maximise wht it recovers through forced sale. This may mean the stadium and teh club are sold separately or as a package.

Quote:

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Originally Posted by Andy74

Just like the share offer I hope they all pump their cash in now.

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They will, and just like the share issue it'll be worse than flushing it down the bog.

Have they went pop yet? I'm getting impatient :yawn2:

Quote:

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Originally Posted by Milandinho

Have they went pop yet? I'm getting impatient :yawn2:

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Naw. Go back to sleep. :wink:

Quote:

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Originally Posted by down-the-slope

Attachment 9453


That's an application!

A spokesperson for Hearts commented, "This is what you call a planning application! The detail is absolutely incredible. With more than 20 boxes plus hundreds of files there is little doubt that the application is thorough and highly professional."

---

Aye, that one cracks me up every time!

http://www.heartsfc.co.uk/articles/2...241749_1216908

Big team, Big planning application :agree:

Quote:

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Originally Posted by down-the-slope

not been on their Fishy site for yonks (why would I)....but this is embarrassing in the extreme...could not believe what I was seeing its so amateur and to think we have moaned when Hibs site is a couple of days out of date...this is years out of date and pure fantasy....

Under LATEST NEWS

http://www.heartsfc.co.uk/page/Tynec...,10289,00.html



Oh yes but trust us with your ST money

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"Home is where the Hearts is*"

*Subject to change :devil: