When an asset becomes a daunting liability

1665

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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  1. SSN reporting Jim Traynor sacked at Ibrox

     

    And replaced by Hans Christian Andersen.

  2. The Sevco blue print.

     

     

    If there is no pressure in the lower leagues, how come they are not all playing like Barca? And how come we are managing to adhere to this plan whilst in the SPL?

  3. !!Bada Bing!! on

    Time for non co-operation for cup final its SFA showpiece game and send NL up to get the cup .Enough is enough Celtic.

  4. leftclicktic on

    Notice of complaint for @celticfc manager Neil Lennon for being within the ‘playing zone’ whilst subject to a suspension. Hearing Thurs 23rd

     

     

    Presumably if found guilty Neil Lennon would have a touch line ban for Scottish Cup final on May 26th?

  5. the bould bhoys on

    It has been said manys a–time on here that tis not advised to drink whilst posting on ‘this dear green place’ for on occassion one might spit out said drink all over da Screen !

  6. SOAL @ 16.50,

     

    Are you lost?

     

     

    I’ve been lost since the early 70’s. ;))

  7. I want to know how the playing area includes the tunnel !!!!!!!!!!!!!

     

    they have too be having a laugh NFL has actually

     

    been charged according to SSN

     

    astounded of head csc

  8. Doctor Whatfor on

    All this mess with the SPL, SPL2, SFL and SFA reminds of the old Judean’s People Front from The Life of Brian. I would post a link but there are sweaty words in the film. I wouldn’t want to be called up to appear at Hampden. Nor in front of Paul 67 for that matter.

  9. Doctor Whatfor on

    Erratum – sweary words.

     

    And I had the gall to call out BT’s spelling. Shame!

  10. !!Bada Bing!! on

    Have the huns paid the legal bill from the SFA for the TUPE case,? Of course not,same old corrupt SFA,make sure timmy gets slapped down every chance you get.Sick of it .

  11. I am so glad I made the decision some while back not to support the show piece cup final and let the club I travel with know not to apply for a ticket for me , after todays debacle I simply couldn’t go to hampden. when will this sham of a governing body be taken to task we must do something

  12. That is some article. Blue sky thinking indeed. You can just see a room full of flip charts and post-it notes.

     

     

    One of my Sevco supporting pals (and I do have a few) has just told me about the vision for the future.

     

     

    My response was – you lot are so gullible that if you saw a tsunami on the horizon, you’d get the surf boards out.

     

     

    HH

  13. We will be ‘smart’ by challenging refereeing decisions, and be vocal in a respectable way.

     

     

    Does a zombie know how to be ‘smart’?

  14. if NFL had a touchline ban , what line can you touch from the tunnel sssssssssssssssttttttttttttttrrrrrrrrrrrreeeeeeeeeeetttttttttttttttttttttcccccccccccccccchhhhhhhhh

     

    some manager we have

  15. the bould bhoys on

    May I request Friday tunefest begins no later than 1755 in order to draw those immovable from the drawl of Clyde1’s pitifully, tabloid, propaganda–churning filth….

     

     

    You know it makes sense Rodders

  16. leftclicktic on

    !!Bada Bing!!

     

    If we win it I would make them wait longer(lap of honour) every second delay would shine the spotlight on them and their nest of vipers a little brighter.

  17. doctor whatfor

     

     

    17:58 on 3 May, 2013

     

     

    People’s Front Of Judea rule O.K.

  18. Just dropped in to say….

     

    ____________________

     

     

    thomthethim

     

     

    14:45 on 3 May, 2013

     

     

    Copied over from the end of last thread at Auldheid’s request.

     

     

    auldheid

     

     

    12:49 on 3 May, 2013

     

    KevJungle

     

    There is a saying that goes “BE the change that you want to see in the world”

     

    If for example a person wants a more tolerant world then they BE tolerant themselves.

     

    For a more caring world BE caring etc etc.

     

    On the dubious assumption,given your continued focus on it, you want more SBs to be sold why not BE an SB holder?

     

    Instead of focussing on all that you perceive missing from Celtic why not look at all the good things that are present and support that, whilst working away positively and effectively on areas that can be improved.

     

    Be part of the solution rather than part of the problem.

     

    Be the Celtic you want to see in the world by being part of a gift from God to so many, perfectly flawed so that we can use our human talents to make it something we can return with love.

     

    We are God’s gift to ourselves. What we make of that is our gift back to God. It would be a shame to return the gift unopened.

     

    ____________________________________________________________________

     

    With the greatest respect – I’ve already explained why I won’t be returning to Celtic Park after being scunnered oot the door by the bored / board when – in bringing in WGS – they announced that the club would be down-sizing ie: The quality of player being brought to the club – wages paid to the players would be down-sized. That’s all fair and well…but, not when they failed to mention that only two aspects of this period of austerity would remain intact – directors / CEO’s payments and bonuses and the admission price being asked of fans to – in effect – pay top-dollar for the privilege of watching inferior quality on the pitch ?

     

     

    The crowds at CP started to tail-off in WGS’s 2nd season and have been dwindling since then. The exception being Neil’s 1st full season when he was up against the myth. But, asking what – £25 / £26 / £27 / £28 – for admission alone then add fuel / food etc…your talking in terms of – £40 / £50 – per game – a days wages to a lot of folk.

     

     

    That lay-out in cash gets you into a game which – more often than not – can conjure up only 5 shots at goals in 90 mins. Or, you may have to leave your home at 5 am to travel to the games for a 12 0’clock kick off, and have to sit on a plastic seat for 2 hours in -zero temperatures. Oh, the fun eh ?

     

     

    I’ve been on record here a few times explaining why – I gave my SB to my bro.

     

     

    The way that I see it…the SB-era will bite the dust soon. There used to be a gun at the head of us and the huns by – McCann and Murray – were they would tell you – “If you don’t buy a SB – then you won’t get into the O## F### games !!!”

     

     

    Then M and M would put another gun to your head by telling you that – “If you don’t renew your SB – there is an 11k waiting list !!!”

     

     

    I think that the Celtic team just now has – 3 players that I would pay to see – Vic67 / Gary Hooper / James Forrest. Not grounds for splashing out money that is more needed elsewhere. imo

     

     

    To conclude – The choice for me is – put a meal on the table for my family.

     

    Or – contribute to a kitty that will be troosered by a collection of undeserving millionaires.

     

     

    Hopefully that’s of some help.

     

     

    Have to go now – I’ll try to drop in later.

     

     

    Till then – take care.

     

     

    Off oot.

  19. The Best thing since .. The Delete Key

     

     

    Whit wiz that?

     

     

    Drapping a Hundred .Nicker( or.. Should that be.. Nickers?..ed)

     

     

    Hmmmmmmmm

     

     

    Season Books are Flying oot the Door..like they are going oota style..

     

     

    Na..No ..Doors… Season Books!

     

     

    Ah hear whispers..

     

    and.. they…well.. Whisper..

     

     

    “Ten Thousand Celtic Souls hiv jis signed up tae be pit oan the ..

     

     

    “Wait-n- See”.. List.

     

     

    Yep.. There is Pandemonium quietly .. taking Hold.

     

     

    Quiet Pandemonium…at the moment.. but, could turn intae a Fully Fledged.

     

     

    tae.. “Katie Bar the Door”

     

     

     

     

    A Celtic Season Ticket is Predicted tae become as Scarce as

     

     

    Snake Fur!

     

     

    Pierre.. is Rubbing His Hauns ,in Anticipation..

     

     

    Ah don’t Blame Him…

     

     

    A Reduced Ticket Price.. wull bring Money fae the Moon.

     

     

    Like Ah always say..

     

     

    ” Quantity, wull Ayewiz.. TrumP.. Qualiteeee.. Six Ways fae Sunday!”

     

     

    The Rolls Royce goes.. Bankrupt.. but… Mac D’s… keep Packing them In.

     

     

    The Future .. Jist Goat a Big Bit.. Brighter..at Parkhei oan the Clyde..

     

     

     

    Kojo

     

     

    Still.. Laughin.. and Happy as Larry wid be if he wiz..Me.

  20. leftclicktic on

    the bould bhoys

     

    18:06 on

     

    3 May, 2013

     

    May I request Friday tunefest begins no later than 1755 in order to draw those immovable from the drawl of Clyde1′s pitifully, tabloid, propaganda–churning filth….

     

     

    You know it makes sense Rodders

     

    —————-

     

     

    Neil Lennon Tribute. Something inside so strong. http://www.youtube.com/watch?v=xmfCEcTLDes

     

     

    Till later all (meeting time)

  21. They will certainly find Lenny guilty. He will instantly lodge an appeal to make himself available for the Cup Final.

     

     

    He will lose the appeal and likely have a 3-5 game ban for the start of next season.

     

     

    Lenny is a bright guy, so he must know they will hammer him at any opportunity they can get.

     

     

    Why give them the opportunity?

  22. THE EXILED TIM

     

    17:45 on

     

    3 May, 2013

     

    Just like the time that sir walter was seen giving instructions in the tunnel at Tanadice while banned, what ever happened about that ?

     

    ========

     

    I thought it was at Pittodrie but I am not often right about so many things.

     

    When the incident happened, the obfuscation that we so often see when it comes to the Ibrox club featured the use of the term ‘touchline ban’.

     

    I remember Keevins declaring that he was not on the touchline and callers should get a life blah.

  23. From MTHForum twitter.

     

     

    It is now time for a march to Hampden and remove these cheating cunts forcefully, enough is enough.

     

     

    If Celtic as a club roll over and accept this shit any longer from Hampden offices, they can fuck off too, seriously.

  24. gordybhoy64 on

    Kev Jungle,

     

    do you now not have a season ticket cause you cannot afford one,

     

    or for other reasons you give like “the bored”,poor players and lack of entertainment

  25. Lads apologise I’ve emailed Paul and told him to delete last post, sweaty words on it

  26. Gene's a Bhoy's name on

    Hen1rik

     

    Can you redact the language if you’re copying sweary words

  27. NL is giving the SFA reasons to hammer him if he is unaware of the rules he should familiarise himself with them, so stupid I cant believe this,anyone thinking our club will contest this or anything else is deluded they have rolled over at every turn and passed the buck when necessary, WNS enquiry nothing done , registrations nothing , 11yrs of illegal payments no comment other than surprise, they say they will stand up for the club, I dont see it.

     

    If sevco are fastracked its goodbye from me to football

  28. jude2005 is Neil Lennon \o/ on

    Is the protest road to Hampden not already backed with about 7000 hurtin huns?

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