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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Lads chillax man I’ve emailed Paul, I’ve got a screaming wane in 1 ear and trying to watch STV sport and read twitter and post at same time.
Did the ref at Fir Park report himself for his horrendous performance?
hen1rik
The wean will be fine ,concentrate on the blog ,hh.
googybhoy
He won’t be banned for the cup final. He’ll appeal and the appeal won’t be held until next season.
https://t.co/n8hEAGpVpX
Utter bile!!!
ref: billyboys song
hen1rik for once the bad language doesnt bother me cos I’m still hopping around the living room like something possessed
aaaaaaaaaaaaggggggggggggggggggggghhhhhhhhhhhhhhhhhh
Who wrote the BBC article Rangers: the way forward for fools ?
HH
p.s not guilty
Right serious ? bhoys no more messing.
What are we going to do about these corrupt blazers ?
Johan cruyff?!
Lol lol lol lol lol lol
B-)
dessybhoy
18:22 on 3 May, 2013
totally agree mate
the club have turned both cheeks and took everything from the sfa
all the while RC ogilvie+ longmuir and a cabal of huns run scottish football into the gutter
not 1 challenge of no confidence has been made
not 1
who will lead the rebellion?
jam67
dessybhoy
Go and scratch fat ally’s belly. Thers plenty of it for you to scratch!!
Anyone hear Rayman on STV ?
He said if he’s a betting man the SPL chairmen will invite Sevco to SPL 2
I think there is an effort being made by some to drive Neil Lennon out of Scottish football there must be times when he wonders what it would be like to be a football manager without the constant battle with authorities. The powers that be continue to hound him now we all know Neil can be a firey character and that is part of his success and part of his make up but continuely hounding him for the smallest little thing is in my opinion is not only out of order but also little more than a sinister witch hunt. H.H.
Iki
It was Tannadice 99% sure.
Disny matter, still cheating barstewards.
T’would be just brilliant if we won the Cup and the team refused to collect it until Lenny was there. Team sitting in Centre Circle, crowd celebrating & singing for Lenny, and the blazers not able to do a thing about it. The more I think about it the more I like it.
voguepunter
It was the wean that wrote the post.
From CelticGossip.
The sfa want sevco fast tracked, if they are a member of spl2 then every Celtic fan must unite & demand celtic leaves this corrupt league HH
Thirty pupils and staff at a Cork school required treatment for smoke inhalation, after a ” daft laddie” set off a smoke bomb in the school.
He was only trying to create a bit of atmosphere, the wee scamp.
hen1rik,
if Peter Lawell plays any part in that he better be prepared for empty stands,
I take it the 11-1 vote would still be needed,dont see any way this could get through
dead and loving it
18:35 on 3 May, 2013
voguepunter
It was the wean that wrote the post.
That’ll be used for next time :)
dead and loving it
The wean is trying to wean the da of the irn bru.
There will be no SPL2 if that involves the zombies getting an invite, zero chance. The formation of SPL2 needs an 11-1 vote, there is no chance whatsoever of that happening. Raman WISHES not thinks…
The big effort continues…
hh
bjmac
Sevco told the world they didn’t want the leagues to change.
Rember their praise of St Mirren and Ross Co?
From TheTributeAct.
Would lack of Sevco invite for SPL discussions be part of the plan? New newco would get invite for direct entry? #ParanoidFC
corkceltic. Shouldnt we be concentrating on beating Hibernian first before planning our celebrations?It is no forgone conclusion that we will win the Scottish Cup it will be a hard game.H.H.
Neil..
Hiv Ye hoid.. this wan…??
“Ah hiv jist Unmasked.. Ma Woise Enemy..
and..
What\dya Know?
He’s…. ME!!!”
Kojo
Still Laughin’
The BBC article was written by Sir David Murray in June 2012.
HH
Paul67 et al
The SFA.
Tough on Neil Lennon.
Tough on the causes of Neil Lennon
El Diego Bhoy
Not sure he should appeal. Take the ban and let the team and the fans show their disgust by not going up for any medals until he is allowed on the pitch.
Twitter.
Fat Sally saying POSSIBLE chance of King investing..keep the spin spinning Ally cause it just ain’t going to happen is it SARS #liquidation2
Fat Sally I’VE SPOKEN TO NICKY\S FATHER he shouts…okay done deal then tactical genius Sally
SARS continuing CRIMINAL charges v King…nothing has changed. Don’t be fooled by more SEVCO spin…
voguepunter 18:29 on 3 May, 2013
hen1rik
The wean will be fine ,concentrate on the blog ,hh.
……………………………………………
Brilliant VP. You a bad man!!:-)
hen1rik
If young hen1rik is any where near the blog in the next fifteen mins, he/she will be getting reported.
Sorry everyone I called Sally fat on previous post is that allowed :)
Quick Paul delete delete.
Celtic reduce season tickets and they are selling like hot cakes.Sevco not selling season tickets yet.Sevco are being punted to be in SPL2 next season.How will the Celtic supporters walk away now that they have bought their tickets,I wonder? Surely not!!
If you aren’t already aware of it, there’s a good article on the financial chicanery, especially pension fund -raiding at you-know-where in the latest Private Eye.
gordybhoy, There is no way the likes of Celtic & Aberdeen could vote for an SPL2 containing Sevco, there would be an absolute revolution amongst the support. By the way I note Cowdenbeath are one of the teams threatening to resign. Is it not possible that whoever finishes second last in SFL1 could be relegated. In that event I would assume the newly promoted Club would want in too. Anyhow I believe this is much ado about nothing, the Div1 Clubs may want to join the SPL but why would existing SPL Clubs want them without the 3 by 8 split. IMO the status quo will be retained for next year.
Disgraceful partisan discussion around SPL2 on STV /The Rangers news- Raymond bagwash wis just about dancin prattlin on about the cheats being offered to jump a league
If Lenny is banned then go up and get the medals and leave the cup sitting there, tell CO or or whatever to go and stick it on the bus and go and thank the fans.