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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BT
Ignore them lad. Ayrshire upstarts.
TBH
I enjoyed both schools even if I did go from Ogilvie to St Blanes.
“Investigative Reporter” -Name: ?
Hun – “Don’t tell ’em Coisty”
Doctor Whatfor
Did you play in the same team as Paul McStay??
bt,
Hurry up n get better
O.G.Rafferty,
i appreciate what you are doing even though it must be hard knowing what’s coming for them and having to keep quiet until it break’s
I would go out tonight………
http://www.youtube.com/watch?v=ErvgV4P6Fzc
If idone that it Could recreate a PANINNi Panic
http://www.youtube.com/watch?v=JlYXp_3A64k
Walking through Rome.
Hang that DJ?
I’m Wim Jansen, who is also Win Jansen?
Deeeeep appreciation opf a rocket.
http://www.youtube.com/watch?v=uP7GsCREwos
GlassTwoThirdsFull
16:25 on
3 May, 2013
SPL2 with Sevco? Just had a flash of Chick Young sitting in a cafe doing the scene in When Harry Met Sally.
Made me chuckle loudly!
cheers canamalar….
bankiebhoy1
17:05 on 3 May, 2013
“There’s a BZZZZZZZZZZZZzzzzzzzzzzzzzzz aboot the place”
_____________________________________________________
You, just You, better Believe that.
Cheer ya malingering ……:oD)))))
I reckon Charlie has missed a trick there. He could have made it into a DVD and sold it at £20 a pop. Would’ve flown off the (comedy) shelves.
Ach well, they don’t need the money – £22 million sitting in the bank account…..
We’re not adopting the ‘what school did you go to?’ approach
So is it the cure or just a sop till the next time you are wretched in agony ?
Do they know what they are doing ?
danso_1888, 17:15
The real news may be hard pushed to beat that BBC piece though…
its to put off full knee replacement for a few years…
non weight bearing for 6 weeks mate…
hope to be back in Dolly same time as you, late summer… o))
O.G.Rafferty
Is it just me or is the timing of that article a wee bit weird, why are they spoon feeding the FF’s such a load of sugary keech??
canamalar,
It is really good havana you back online.
cubamissilecrisis.csc
http://www.youtube.com/watch?v=KHYnahPkJI8
starry plough, 17:24
You should take the sugar hit after the bitter pill, to take the taste away. Beforehand and it will only make it worse
bt,
So when they tell you it’s time to bear the load it will have to take twice its normal stress, tubby. :oD)))
Make it 12 weeks and give it a chance
That’s me stopped laughing now.
There’s delusional and then there is the huns.
The sad thing is, they will really believe it.
Just look at what you could have had >}}}
O.G.Rafferty
You would expect more from the BBC but then again I guess not!
takeyermedicinehunnies
Jim Traynor ‘leaks’ a document to a former BBC colleague, who is unlikely to ask any obvious questions like: “why would these plans be discarded just because majority shareholder Charles Green has stepped aside as chief executive?”
This reminds me of the time the, ahem … ‘blueprint for the £850m Ibrox redevelopment was ‘leaked’ to the media and ole Moonbeams provided threes pages worth of quotes to his favourite poodles on various tabloids explaining why he couldn’t really talk about the plans – a few days before Alan Hutton was bundled into the boot of a car and shipped off to Tottenham.
Looks like Tuesday will be the big day then. Definitely something stinking the place out at Ibrox again.
Had to look to to check it wasn’t a wind up! You have to wonder who sat down and took the time to write such crap! Lee McCulloch, the “Great White Hope”? Jeezo!
HH
Breaking news…
Frank De Boer has said his is honoured and delighted to be link with a job at a big club like Sevco but would only join if the Third Division Meister McCoist would stay on as his guide and mentor Frank said ” Ally is one of the great young managers in the Third Division, I couldn’t possibly do without his help and advice”
Petec,
Dipping in and out, missing important stuff, like good guys having a rough time, and catching the drivel it seems.
FoCUS have too much say on this site, its sad to watch
The Orcs are speculating that Green leaked it. I.E. Under Green thats what would have happened, now that Green is gone its back to trying to win the Ramsden Cup.
……….. the script writers of Jackanory!
TET – LOL.
aff oot – laters!
Neil summoned to Hampden again,time for the Club to act now
BMCUWP
AngelGabriel
MickTT
Great to meet up last night. I said hello to a couple of the Bhoys at the FAC demo but this was my first real opportunity to catch up with a group of CQNers. I think the collective noun should be a “huddle” of CQNers.
Although we have a lot in common, mainly a love of the Hoops, it’s unlikely we would have met without CQN. So thanks Paul67 for everything you put in to this forum.
Hopefully it’s the first night of many. I promise that I won’t be drinking soda water and lime next time!
HH
Oof oot for real, that article has really put a smile on my face and a spring in my step!!
praecepta
Did you get my mail ?
#Celtic Neil Lennon issued with notice of complaint for being in tunnel less than 15 min after Motherwell game while serving ban
So STV say SPL 2, looks like the fix is well underway.
fir park is so fecking wee you come down the stairs and you are in the blinkin tunnel
Jaysus Bada, next thing they will want him to stand in “the bold corner”.
canamalar,
Listen intently to this Sonic.You HIZ been given a real chance.
ye urnae in Ma Prayers because I dinnae Pray every day.
http://www.youtube.com/watch?v=Q1lG2JgcaG4
Just like the time that sir walter was seen giving instructions in the tunnel at Tanadice while banned, what ever happened about that ?
Oh wait !!!