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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Back to work.
Back tonight for the quiz, and no dancing tonight!
HT
I’ve been looking for you.
CQN Saturday Naps Competition – Week 38 & 39 results & standings
No winners in week 38. Only 2 winners in week 39 :
Som mes que un club (Westwiththenight @5/2)
leftclicktic (Art of Racing @5/4)
+£17.85 green T (13)
+£16.91 Bada Bing (7)
+£16.50 Che (5)
+£13.00 Rockon Neil Lennon (11)
+£ 3.00 voguepunter (4)
-£ 1.00 BULL67 (9)
-£ 1.22 Valentine’s Day (7)
-£ 1.50 What is the Stars (6)
-£ 6.25 Som mes que un club (7)
-£ 6.75 Cathal (6)
-£ 9.50 Magnificentseven (6)
-£11.50 fleagle1888 (4)
-£13.88 Sixteen roads to Golgotha (4)
-£15.88 Glen (5)
-£16.17 MHARK67 (5)
-£19.63 leftclicktic (5)
-£21.50 tommytwiststommyturns (3)
-£25.00 bobbymurdoch’s winklepickers (4)
-£29.80 TheBarcaMole (2)
-£30.97 hunza rugli (2)
-£34.00 gerry_bhoy (1)
-£39.00 gourockbhoy
-£39.00 Raymac
*No selections (wk 38 – CQN server change-over) :
Bada Bing, bobbymurdoch’s CUW, BULL67, gerrybhoy, Glen, hunza rugli, Magnificentseven, Raymac, Rockon Neil Lennon, TheBarcaMole, What is the Stars.
*Non-runners (wk 38) – MHARK67 (Mash Potato)
*No selections (wk39) :
Glen, hunza rugli, Raymac, TheBarcaMole, WhatistheStars
Cheers, fleagle1888
Doc
I should still be on for 25th hopefully!!
BMCUW
Nothing said that the rest weren’t thinking M.
NatKnow – “We welcome the paper-chase…”
– Brilliant retort hahahaha! Who am i to argue with that yin?
:)
Doc is Neil Lennon
Thanks Doc would you do that please, I wish we were staying longer but time is tight as they say!!
Show Racism the Red Card is
extremely disappointed by the
leniency of the SFA’s sanction.
While Charles Green was Chief
Executive Officer of a Scottish football
club he used an offensive and racist
term in the national press.
Mr Green subsequently criticised our
organisation for stating that his
language was highly offensive and
completely unacceptable for someone
in his high profile position.
We had welcomed the SFA’s decision
to take action but hoped it would be
more commensurate with the damage
Mr Green has done to the campaign
to eradicate racism from Scottish
football.
This sanction is particularly
disappointing given the recent
statements by UEFA.
We cannot have one rule for fans and
another for CEO’s of clubs. This
small fine sends out the wrong
message. Show Racism the Red Card
welcome UEFA and FIFA both taking
the issue of racism more seriously.
Starry
Keep me posted mate.
VP
Ye I didnae appreciate yer 4:40am text!!! ;-)
doc is neil lennon
12:48 on 3 May, 2013
Cheers Doc :)
Red hot on the Black-Sea again, heading into cash & carry anyone want anything?
tomtheleedstim 12:50 on 3 May, 2013
Huns official site – “signings must be right fit”
I thought Charles had left the building but he appears to be still writing the headlines.
———–
Ally Absolutely is asked about ‘transfer targets’ every time he is ‘interviewed’ in a press conference.
The finer details like the transfer embargo and Sevco playing in the fourth tier of Scottish football are neither here nor there to the jokers asking stupid questions.
Then there is the major sh1t-storm that is about to engulf Ibrox – the one they are all pretending is not about to happen…
Burgas Hoops @13:00
Waterproofs and a brolly
P
HT
Hope it woke ye up…still I spoil yir boyish good looks this morn?
NIghtshift forgot what time it was :0)
And the second CITY of the Empire is/was ?????????????
TBM
SPL team of the year.
Darren Randolph (Motherwell)
ADAM MATTHEWS
Shaun Hutchison (Motherwell)
KELVIN WILSON
CHARLIE MULGREW
Nicky Law (Motherwell
VICTOR WANYAMA
Andrew Shinnie (Inverness CT)
Niall McGinn (Aberdeen)
Michael Higdon (Motherwell)
Leigh Griffiths (Hibernian)
Seems our defence is not as bad as we sometimes think.
No Fraser and no forwards.
HH
Auldheid,
“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.”
*****
That is the most beautiful and pertinent piece of prose that I have read on here, or anywhere.
God Bless your spirituality.
tomtheleedstim
12:50 on 3 May, 2013
Huns official site – “signings must be right fit”
could mean-
Being the correct choice
Being very attractive
Not of the Catholic persuasion
Still trying to make up my mind which.
Hamiltontim
Will do.
Awe naw is Vogue wan of those five in the morning types!!
TheBarcaMole
13:02 on
3 May, 2013
And the second CITY of the Empire is/was ?????????????
TBM
—————————————-
Was it the Gorbels per chance?
Ah well,one for the hun:
http://www.youtube.com/watch?v=Mx7M35sxlno
Afternoon Celts.
Philvisreturns get yir Green tory arse back here yir missed, if only to put that old firm loving HT in his place.
Thumbs up CSC
Starry as soon as I sent it ,I thought………hope it wakes the bass up :p
Sorry HT
16 roads – neil lennon walks on water.
12:52 on 3 May, 2013
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.
—
I like learning . From your earlier advice i reckon perth is a town.
Bit boring to be a city.. I wouldnt visit either.
Alot of fine tims here.
thomthethim
Words to live by..
HH
60 th on the podium.. The new first!
burgas hoops
13:00 on 3 May, 2013
Red hot on the Black-Sea again, heading into cash & carry anyone want anything?
A life sized diamond encrusted human skull. Failing that, a
Packet of Tangfastics.
Weirdly you’re the second person to ask that question today and receive my response. Actually, is that you Stevie??!
voguepunter
I had a Mate like you in Glasgow in the 80’s, wouldnae think twice of gaining entry to my flat and breenging in to my room at all hours..
“Alright hen whit’s your name, got any skins??”
A legend in his own weekend!!
Steinreignedsupreme and goldstar10 – I was reading that sentence in Yorkshire accent!
Feksake it will no happen again…….who keeps their phones
next to their beds anyway?
Whether town or city, Perth W.A. Has the best named pub on the planet called simply….Fenians.
voguepunter
Well you never know when Beyonce is gonny ring!!
starry plough
13:13 on 3 May, 2013
voguepunter
Well you never know when Beyonce is gonny ring!!
Lol!
Pete&DudCSC
My understanding is that a City Charter was granted to the town which was a Bishopric and had a Cathedral, as the seat of a Bishop.
proudbhoy – I honestly don’t know anything,or enough about that Australia place to comment upon the said “country”.
But heaven only knows they are ripping the heart out of mother earth in that God forsaken land,so they are.
It is the poor natives that i pray for,the indigenous folk.that are cast by the wayside in a land that is being exploited for greed.
In yer own time my friend,in yer own time.
Thomthethim
Or a university.
Starry
PM me on FB your arrival time and I’ll nip up and pick yooz up!
Hungover csc waiting for he cure!
Kikinthenakas
http://www.youtube.com/watch?v=4m1EFMoRFvY
This ones for my good friend HT,thanks starry.
Pod I
Waterproofs and a brolly
That bad eh?
NatKnow – It’s not Steve, but it was a genuine offer -))))
natknow – “we welcome the paper-chase…”
13:12 on 3 May, 2013
Whether town or city, Perth W.A. Has the best named pub on the planet called simply….Fenians.
—
Haaha true , havent been in for a booze up yet so dont know how good it actually is.