With Ukio Bankas bankrupt there is an acceptance that Hearts, who owe the bank in the region of £15m, will go into administration shortly after the end of the season. This might not be the case.
Hearts major problem is their major asset, Tynecastle Stadium, which occupies a valuable patch of land in Edinburgh. If administrators acting on behalf of Ukio have free access to the stadium they may shut it and look to recoup their loans by selling the land. There is a possibility Hearts could be a football club without a stadium, but that does not necessarily mean they will go into administration. Without a stadium to use the club would be liquidated but there is a possibility they would be able ground-share.
Hearts tested the land value before the property crash and received an offer of £22m from a house builder.
Alternatively the bank’s administrators could use their considerable influence over how the club is managed to sell their shares or come to some other arrangement (Ticketus, anyone?). When the major creditor has this much control of the company without administration, going through the formal process could actually harm their chances of getting their money back.
Hoops 4 Haiti, who assist in the relief of poverty and suffering in Haiti, are holding a traditional Irish music night at Roderick Dhu on Waterloo St, Glasgow on Saturday 11 May. Live entertainment and a buffet for only £7.50, get your tickets here. You can find out more about Hoops 4 Haiti here.
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CFC
Boom
Aaaarrrrgghhhhhh.
Well done HT, a deserved Podium.
Foiled …..
hmmmm…so that’s whit it’s like ?
Too slow again :)
Hello there HT
Doc
That ain’t a podium my Bhoy, that’s a FIRST ;-)
G’day Starry hope you’re well.
HT, Top of the podium indeed.
Ground share with the cheats I say.
One up
HAMILTON TIM
using his free time wisely …..
Nice one,bud-and again my thanks for your help last week.
Organising,making sure I got home….
KevJungle – “Walk-On” in the Jungle = Bliss
12:40 on 3 May, 2013
hmmmm…so that’s whit it’s like ?
________________________________________
KevJ you are just like all the rest……..
A podium lover.
FFS
I liked you as weeel.
HH m8.
proudbhoy – give me a wee break,please.
If Derry was that good…
What’s happening with O.G Rafferty’s news ?
From previous…
16 roads – Neil Lennon walks on water.
12:37 on 3 May, 2013
___________________________________
I agree that – Kevin Gallacher was a wonderful player.
HH
Hamiltontim
I’m well HT counting down to a wee trip to see ma Mammy, roll on the 15th. We’re staying in the Cyldesdale Hotel which is very close to Equi’s for jelly and ice cream..
Is Peter Lawwell backing your meteoric rise to the top? I think we should be told!!
16 roads – neil lennon walks on water.
12:32 on 3 May, 2013
This is like them old Godfather films.
proudboy – it’s a town,a town.You understand that.
—
Yep im happy with that.
What about where i live now, perth in australia ? Town / city ?
Doc
Merci, we’ll catch up very soon.
BMCUW
You’re welcome my friend. You’re a good guy despite your Ayrshire origins it was nice to let others see that.
I read the article first before i posted.
Not that it matters.
It was a good read anyway.
hen1rik
Patience, sometimes the timings change, but O.G. usually gets it right.
petec
12:44 on 3 May, 2013
__________________
1st time that I’ve ever been on one of those podium thingys :)
Old Foagie – CSC
Take Care my Amigo – I have to go – Off oot.
Hail Hail
16 roads – neil lennon walks on water.
12:44 on 3 May, 2013
proudbhoy – give me a wee break,please.
If Derry was that good…
—
Who mentioned it was good ?
Like belfast (but not as bad ) it has gone downhill with bad economy and a split republican community allowing the dirt of the community to run mad.
Sad times.
The wee cousins are as gubbed as their bigger ones.
HAMILTON TIM
Away for a wee greet after that one….
HT, we will.
Played 5’s last night and survived!
Huns official site – “signings must be right fit”
I thought Charles had left the building but he appears to be still writing the headlines.
Starry
Took my girls for Equis on Tuesday night. They’ve put their prices up but it’s still worth it!!!!
You up for a coffee or a beer during your trip?
Jobo Baldie
12:38 on
3 May, 2013
Heading down to Troon this afternoon for some afternoon tea, courtesy of my fine mother-in-law.
Any local weather reports?
…………………………………………………………………………………………………………………..
Nice day today.
8 degrees, raining and 50 mph winds.
HH!!
proudbhoy – You are relentless my friend.
I have no idea if Perth is a city or a town,or a swamp – as i have never been there,therefore i do not consider myself qualified to speak or pass judgement on the said place.
Also,i have no intentions of ever going there.
That Wiki reference to The Billy Boys needs fixing……………..
much convenient puffery an’ general hunguffery promoted spuriously with overt references to the Busted Flush………………
HH.
KevJungle – “Walk-On” in the Jungle = Bliss
ye are always off oot ya nutter. ;) oh yo yo know that you have SPAWNED A new breed a new Crede. Celts that talk about Celtic on Celticquicknews.
16 roads, yer name is inspirational. I will always know you now as Jimmy though. ;)
Where the deuce is Philvis?!
HH!!
Hamiltontim
That’s a good idea, I missed you the last time I was home, I think I still have your number, must check in my e-mail..
Starry, if you don’t have HT’s number I can DM it to you.
Thanks petec – I appreciate that my learned friend.
16 roads – neil lennon walks on water.
12:32 on 3 May, 2013
This is like them old Godfather films.
proudboy – it’s a town,a town.You understand that.
NatKnow – “We welcome the paper-chase…” – I could build a wee wooden hut out in my back garden,and put a wee sign up…saying “My City” – it doesn’t necessarily make it a city.
Inverness is Inverness,it reminds me of Troon,only colder.
I guess it all depends on what criteria you are applying to define “city” status.
Chicago is a city (Christy tells us that).
Dublin is a city (Molly tells us that).
Glasgow is a town (Eartha Kitt – not rhyming slang – tells us that).
Coatbridge is an Independent Republic. We know this from experience.