Share Transfers Agreed/Cooling off period

[Sir David Gray]

Why would the Lithuanian government give two hoots about shutting down a Scottish football club?

[rcarter1]

I wouldnt be surprised if Hearts get out of this pretty much scot free. It seems that the liquidators of UKIO will take a while to get moving, and will - as is usually the case in these matters be forced to accept much less than the full debt. Politics aside, how do they expect to recoup £15million?

Ill predict that:

1. Hearts will not get relegated

2. Might start the next season with a 12 pt penalty for possibly going into administration at the end of the season (which by the way is a hideously paltry penalty for 10+ years of massive over spending).

3. Jambos in your neighbourhood will start gloating about their great escape

SO.

Lets start beating them on the pitch, its the only way to shut them up!!

[Pretty Boy]

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Why would the Lithuanian government give two hoots about shutting down a Scottish football club?

One of the biggest clubs in world football though.

5-1, only team with proper songs, 1902, big team, giant among minnows etc etc

[Hibs90]

Donaldson just spraffing garbage to appeal to the yams. He must love taking a roasting from shaun lawson and co.

[Spike Mandela]

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They're certainly pushing the political side of things now. Interesting tactic!

I'm sure there are many machiavellian moves in the background from the usual suspects (fatty Foulkes et al) but I am sure the these will be rebuffed as were any moves from Salmond during the Rangers fiasco.

I am sure the Lithuaian public might have something to say about cutting deals with a Scottish football club(not an institution) as might workers at a certain Bosnian Serb smelting plant.

[JeMeSouviens]

Just in case anyone feels they'd like to sympathise with the position the government of Lithuania has been put in with regards to the UKIO bank crisis and reassure them that the people of Scotland are fully behind all measures necessary to recover the money Vladimir Romanov stole from the people of Lithuania to use on his ego trip into Scottish football ...

http://www.lithuanianembassy.co.uk/index.php?757349056

[Andy74]

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LateSt long tweet from Mark Donaldson.........


There's been plenty talk about the possibility of Hearts going into administration becasue of the financial problems with UKIO Bankas, but let's put aside the 'sensationalistic' journalism of some and take a moment to examine sensibly what could happen next.

The liquidation process against UKIO Bankas can be appealed, and even then any process for full liquidation could take months to carry out. Heart of Midlothian, of course, is just one of many businesses that banked with Ukio.

It's also important to think of the political angle here. Just how keen would the Lithuanian government be to close down a major Scottish institution? The country is set to take on EU presidency from 01 July 2013 for six months, therefore inter-country relations are very important to them right now.

By the way this isn't some sort of Pravda-esque diatribe, there are of course two sides to every story and Heart of Midlothian Football club is still liable for a very large amount of debt.

The Lithuanian government, or those working on their behalf with the UKIO Bankas case, will very quickly realise the club owes them a lot of money. However they will also realise there is next to no chance they will be able to recoup every last penny of that money.

That is where Supporter's Groups come in, or anyone else with cash who is keen to invest in our football club. If a realistic bid can be made to the Lithuanian government to take over the running of Hearts - just my opinion but I reckon circa 5 million - then there's more than a decent chance of the govt accepting the offer thinking 'xx million is better than 0 million'.

Should an offer for the football club not be forthcoming then we cannot forget there is also, of course, the chance the debt could be recalled, which Hearts would not be able to fulfil and administration would therefore likely follow - although this is something that, if it does happen, will not take place in the short term so there's practically no threat of relegation to Division One for Hearts next season.

To conclude, it's my belief that a reasonable seven figure offer for the football club - preferably sooner rather than later - would be entertained by the Lithuanian authorities as it would be one less thing for them to worry about when it comes to recouping as much money as possible.
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Who's he trying to convince?!

[Eyrie]

It's also important to think of the political angle here. Just how keen would the Lithuanian government be to close down a major Scottish institution? The country is set to take on EU presidency from 01 July 2013 for six months, therefore inter-country relations are very important to them right now.

Actually he is right.

In a time when the Germans dictate Greek economic strategy, Spanish unemployment is 28% and Cyprus is raiding every piggy bank it can find, the political angle is clear. A loss making business in a foreign country will not be given any favours and its assets will be sold for what they're worth.

It wasn't a pleasure knowing you, Yams

[JoeTortolanoFanClub]

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Why would the Lithuanian government give two hoots about shutting down a Scottish football club?

The Bank of Lithuania is independent from the Lithuanian Government, so whatever the Lithuanian Government thinks about this is totally irrelevant.

[Treadstone]

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Donaldson just spraffing garbage to appeal to the yams. He must love taking a roasting from shaun lawson and co.

Total fantasy guesswork written to appeal to his demographic. Mentioning the political angle like anyone in Lithland gives a f***.

[JohnStephens91]

Why would Lithuania care a jot about Hearts and why would this affect their relationship with the British government? I'm pretty sure David Cameron and co. really don't care a jot about a debt-ridden football club in Edinburgh. Hearts fans and sympathisers have got addled brains through years of delusion. Time to face the facts and pull your head out of the sand - nobody in Lithuania cares, nobody at Westminster cares and most of Scotland doesn't want you to squirm off the hook.

Can you imagine President Dalia Grybauskaite and Prime Minister Algirdas Butkevicius sitting round a table with head honchos of administrators in Vilnius discussing how to keep Britain happy? They don't care and the £25m that Hearts owe is not going to be palmed off with a seven figure sum that they probably can't even afford anyway.

[Broken Gnome]

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Total fantasy guesswork written to appeal to his demographic. Mentioning the political angle like anyone in Lithland gives a f***.

Peddled out as if he's the first one to identify such a notion.

Mark Donaldson. Prominent analyst of European economics.

[clerriehibs]

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LateSt long tweet from Mark Donaldson.........


There's been plenty talk about the possibility of Hearts going into administration becasue of the financial problems with UKIO Bankas, but let's put aside the 'sensationalistic' journalism of some and take a moment to examine sensibly what could happen next.

The liquidation process against UKIO Bankas can be appealed, and even then any process for full liquidation could take months to carry out. Heart of Midlothian, of course, is just one of many businesses that banked with Ukio.

It's also important to think of the political angle here. Just how keen would the Lithuanian government be to close down a major Scottish institution? The country is set to take on EU presidency from 01 July 2013 for six months, therefore inter-country relations are very important to them right now.

By the way this isn't some sort of Pravda-esque diatribe, there are of course two sides to every story and Heart of Midlothian Football club is still liable for a very large amount of debt.

The Lithuanian government, or those working on their behalf with the UKIO Bankas case, will very quickly realise the club owes them a lot of money. However they will also realise there is next to no chance they will be able to recoup every last penny of that money.

That is where Supporter's Groups come in, or anyone else with cash who is keen to invest in our football club. If a realistic bid can be made to the Lithuanian government to take over the running of Hearts - just my opinion but I reckon circa 5 million - then there's more than a decent chance of the govt accepting the offer thinking 'xx million is better than 0 million'.

Should an offer for the football club not be forthcoming then we cannot forget there is also, of course, the chance the debt could be recalled, which Hearts would not be able to fulfil and administration would therefore likely follow - although this is something that, if it does happen, will not take place in the short term so there's practically no threat of relegation to Division One for Hearts next season.

To conclude, it's my belief that a reasonable seven figure offer for the football club - preferably sooner rather than later - would be entertained by the Lithuanian authorities as it would be one less thing for them to worry about when it comes to recouping as much money as possible.
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Is this clown tweeting this off his own back, or in some media employment capacity? "our football club" .... chump. Regardless of that, he's obviously a yam, but what is it that makes these yams think that "their club" is major in the context of european relations? The only yams under discussion during inter-country relations will be the importing thereof.

Idiots, the lot of them.

[Gus Fring]

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I wouldnt be surprised if Hearts get out of this pretty much scot free. It seems that the liquidators of UKIO will take a while to get moving, and will - as is usually the case in these matters be forced to accept much less than the full debt. Politics aside, how do they expect to recoup £15million?

Ill predict that:

1. Hearts will not get relegated

2. Might start the next season with a 12 pt penalty for possibly going into administration at the end of the season (which by the way is a hideously paltry penalty for 10+ years of massive over spending).

3. Jambos in your neighbourhood will start gloating about their great escape

SO.

Lets start beating them on the pitch, its the only way to shut them up!!

They could sell the stadium. Even getting £2m for the land makes it worth it. Also, the point deduction would be at least 14 points

[JeMeSouviens]

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They could sell the stadium. Even getting £2m for the land makes it worth it. Also, the point deduction would be at least 14 points

15.

(The rule is 15 or 1/3 last season's total, whichever is bigger.)

[Part/Time Supporter]

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Who's he trying to convince?!

Himself

McLauchlin's reporting of the situation is pretty straight. The Lithuanians could accept paying the debt on an interest only basis for two years, but that leaves them in the same (or possibly worse) position after the two years. They could find a buyer in the short term with an acceptable offer, which is very unlikely (too complex and expensive). Or they could go into administration.

The long and short of it is that they are hoping the thing drags out long enough that the points penalty applies next season rather than this.

[Gus Fring]

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15.

(The rule is 15 or 1/3 last season's total, whichever is bigger.)

Ah, I didn't know about the 15 point minimum. Even better!

[proud_and_green]

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Going down the dustpipe

Aye but the guy in that song had a ten dollar bill in his jeans - I suspect that the Jambos would kill for those jeans

[clerriehibs]

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Himself

McLauchlin's reporting of the situation is pretty straight. The Lithuanians could accept paying the debt on an interest only basis for two years, but that leaves them in the same (or possibly worse) position after the two years. They could find a buyer in the short term with an acceptable offer, which is very unlikely (too complex and expensive). Or they could go into administration.

The long and short of it is that they are hoping the thing drags out long enough that the points penalty applies next season rather than this.

Might not be such a bad thing for us, actually. They'll be extremely weak; they'll be grubbing about in the basement for a whole season; they'd most likely end up relegated anyway; and the taxman cometh ... they surely can't service a £25m debt for 2 years and keep up Hector's payments?

[Mon Dieu4]

with the price gold is going for im surprised they haven't thought about selling the stockpiles of German gold they must have seized after winning two world wars!

[Green Blood]

Hearts Bell End John Blobertson gets ready to depart for Lithuania with all the cash FOH have raised.


[IMG][/IMG]

[JeMeSouviens]

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Might not be such a bad thing for us, actually. They'll be extremely weak; they'll be grubbing about in the basement for a whole season; they'd most likely end up relegated anyway; and the taxman cometh ... they surely can't service a £25m debt for 2 years and keep up Hector's payments?

Yep, they're going to lose most of their experienced players and in administration wouldn't be allowed any new signings, they'd have the loan to service and rent for Riccarton. Might just be worth keeping them around for a season.

[Treadstone]

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Is this clown tweeting this off his own back, or in some media employment capacity? "our football club" .... chump. Regardless of that, he's obviously a yam, but what is it that makes these yams think that "their club" is major in the context of european relations? The only yams under discussion during inter-country relations will be the importing thereof.

Idiots, the lot of them.

Yams are thinking his take is legit and likely.
eg

Stuart Mclean ‏@smclean19867m
"@Donaldson007: http://tl.gd/n_1rk36lt " this is the type of research our so called media should be achieving

Although one of our boys has tweeted Donaldson and told him to google 'Portsmouth Snoras' to see how the Yams would get treated.

Here is one of the many results.

http://www.guardian.co.uk/football/2...rtsmouth-owner

[Centre Hawf]

Surprised after services to Britain including single handily winning two world wars, the country hasn't presented Hearts with 50 million tax free cash and the keys to Leith Primary every Tuesday for the next 20 years.

[greengnome]

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Hearts Bell End John Blobertson gets ready to depart for Lithuania with all the cash FOH have raised.


[IMG][/IMG]

Pure class.............!! Plus they could ask Wonga for a few quid!!!!

[Sir David Gray]

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The Bank of Lithuania is independent from the Lithuanian Government, so whatever the Lithuanian Government thinks about this is totally irrelevant.

I was thinking that but just going on what was written in that article.

[Northernhibee]

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LateSt long tweet from Mark Donaldson.........


There's been plenty talk about the possibility of Hearts going into administration becasue of the financial problems with UKIO Bankas, but let's put aside the 'sensationalistic' journalism of some and take a moment to examine sensibly what could happen next.

The liquidation process against UKIO Bankas can be appealed, and even then any process for full liquidation could take months to carry out. Heart of Midlothian, of course, is just one of many businesses that banked with Ukio.

It's also important to think of the political angle here. Just how keen would the Lithuanian government be to close down a major Scottish institution? The country is set to take on EU presidency from 01 July 2013 for six months, therefore inter-country relations are very important to them right now.

By the way this isn't some sort of Pravda-esque diatribe, there are of course two sides to every story and Heart of Midlothian Football club is still liable for a very large amount of debt.

The Lithuanian government, or those working on their behalf with the UKIO Bankas case, will very quickly realise the club owes them a lot of money. However they will also realise there is next to no chance they will be able to recoup every last penny of that money.

That is where Supporter's Groups come in, or anyone else with cash who is keen to invest in our football club. If a realistic bid can be made to the Lithuanian government to take over the running of Hearts - just my opinion but I reckon circa 5 million - then there's more than a decent chance of the govt accepting the offer thinking 'xx million is better than 0 million'.

Should an offer for the football club not be forthcoming then we cannot forget there is also, of course, the chance the debt could be recalled, which Hearts would not be able to fulfil and administration would therefore likely follow - although this is something that, if it does happen, will not take place in the short term so there's practically no threat of relegation to Division One for Hearts next season.

To conclude, it's my belief that a reasonable seven figure offer for the football club - preferably sooner rather than later - would be entertained by the Lithuanian authorities as it would be one less thing for them to worry about when it comes to recouping as much money as possible.
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[rcarter1]

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They could sell the stadium. Even getting £2m for the land makes it worth it. Also, the point deduction would be at least 14 points

Fair enough but its all still ifs and buts. I reckon if they sell the stadium they will sell it to Hearts - ie they will take a few pennies in the pound and leave it at that. Very few people would spend money on land that will be considered 'hallowed ground' by the local community.

Hearts could do an administration in the summer, ditch a few more contracts, weadle some loan deals, and attract the kind of braindead roasters that Rangers did, and come out the traps with a cause to rally round.

Hearts are on a shoogly peg, but they are very very far from 'dead'. It seems that we keep preparing for a party that isnt going to happen. And the annoying element of their support will grow even stronger as a result.

Hence. Beat them. On the Pitch. As soon and as heavily as possible.

[Col2]

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Hearts Bell End John Blobertson gets ready to depart for Lithuania with all the cash FOH have raised.


[IMG][/IMG]

Brilliant!

[clerriehibs]

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Fair enough but its all still ifs and buts. I reckon if they sell the stadium they will sell it to Hearts - ie they will take a few pennies in the pound and leave it at that. Very few people would spend money on land that will be considered 'hallowed ground' by the local community.

Hearts could do an administration in the summer, ditch a few more contracts, weadle some loan deals, and attract the kind of braindead roasters that Rangers did, and come out the traps with a cause to rally round.

Hearts are on a shoogly peg, but they are very very far from 'dead'. It seems that we keep preparing for a party that isnt going to happen. And the annoying element of their support will grow even stronger as a result.

Hence. Beat them. On the Pitch. As soon and as heavily as possible.

I think not.