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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‘crushed nuts?’ ‘naw, layringitis!’
08:36 on 4 May, 2013
Absolutely hilarious situation….
Morning all.
Beautiful day here on the ole Italian Riviera.
Giro d’Italia starts today in Naples – if anyone is interested!
BMCUW – safe journey. Hope you don’t end up sitting next to ‘John Candy!’
HH!!
The penny drops for Sherlock McCoist………
ALLY MCCOIST last night admitted he doesn’t believe the £10million transfer windfall Charles Green promised him at Ibrox actually exists.
The chief executive who made that pledge has now gone – and the Rangers manager thinks the promise went with him.
McCoist soon expects to announce pre-contract signings – and Queen of the South striker Nicky Clark could be among them.
But he doesn’t think he will be given a fortune to spend in the transfer market when the club’s embargo is lifted in September.
McCoist said: “Maybe I’m turning into an old cynic but I’m not sure that £10 million is there.
“It’s terrible how football does this to you but I was promised all sorts of money to spend when I took this job and now I’ve been promised money to spend again.
“I will ask the question but I would imagine the budget won’t involve the 10 million.”
But McCoist does want money to provide job security in a results-driven business – after a leaked blueprint revealed he was targeted for the axe before Green’s departure.
He said: “I have to spend to get out of whichever division we’re in and keep me, Ian Durrant and Kenny McDowall – as well as the rest of the staff – in a job.
“If we don’t then we won’t be in work.”
Hamiltontim 09:01:
I wouldn’t even do that. I would applaud the Team off the Park as we do in any other game and then carry on like it’s another day at the Office. Then when we unfurl the flag parade the Trophy prior to the game.
Keep the Faith!
Hail Hail!
Tallybhoy
It’s dry in G72. Things are looking up or they will be when Mrs BT gets up to make me a coffee.
Lennybhoy
Na that’s a rubbish idea ;-)
U2 bjoys making an appearance next Friday?
Time is ko next Saturday
Hamiltontim 09:01:
Or the Players could take their customary lap of honour it being the last home game, that could take more than 15 minutes. When they reach the Tunnel let NFL join them, do another lap and then go party.
Keep the Faith!
Hail Hail!
Sally really is a moron.
Did he seriously believe there was 10 million to spend to get the Tribute Act out of Division 2?
And that he’d be given it given his record so far?
AsonOfDan 08:15 on 4 May, 2013
Spiers is a mind reader, who would have thought it. From today’s Herald.
‘But the fact remains – and please take it as fact – that Lennon is frequently thinking over his future, as well he might, and as is his perfect right.’
——————————————————————————————————
The other day he was saying the “majority” of fans were missing the Old Firm (sic) game as 6,000 (some majority!) had turned up to the youth final.
blantyretim:
Am I too late for next Friday?
Keep the Faith!
Hail Hail!
The management of Sevco, a real ass-set which are a total liability.
ItaliaBhoy 09:13 on 4 May, 2013
Did he seriously believe there was 10 million to spend to get the Tribute Act out of Division 2?
The Scottish game must be in pretty good shape if that’s the sort of money the clubs in that league are spending!
bt
Yes indeed – you don’t want to jeopardise your recuperation!
Keep your feet up and watch the Giro later.
HH!!
BT
What’s on mate?
Lennybhoy
I’d just love CFC to do something on the day to highlight their hatred of us.
BT , 12:15
how are you doing today ?
hen1rik
morning all..feed the bear got a good response from alex thomo last night on twitter re.hms sevco h.h
Lennybhoy
Pay at the door.
HT
QnA next Friday
Tallybhoy
Im off sick no mention of giros please
Sannabhoy
Better on a daily basis buddy
CQN Saturday Naps Competition
Lads, for those who are in the CQN Saturday Naps competition, please go back and post your selection at the end of the previous article :
“Fine-tuning Tommy Burns methods”
All the best, fleagle1888
BT
No can do, weans on a Friday mate. Maybe getting to the club prior to CF though.
Morning all. Beautiful cold day here in North Ayrshire.
I take it the rags are full of thon deid team must be part of the SPL 2. Surely, we and Aberdeen will deny that faint possibility? Mind you, the rags may be waking up to the fact that they are for the scrap heap again shortly.
AsonOfDan 08:26
Not just Aldershot, Newport too:
County, in their original incarnation, were relegated from the Football League in 1988 and liquidation a year later led to the formation of Newport AFC.
Now Newport County’s honorary president, Hando recalls how a new club rose from the ashes and began a journey which they hope will culminate in a return to the Football League.
“We were all firm, loyal supporters of the old Newport County even though it was up and down. But it finally went out of existence. We’d lost our club,” Hando said.
He missed out the bit where the FA begged them to go into the Premier League (for the good of the game), but they turned down the opportunity as they wanted to abide by fair play!
These Enlglish league teams just don’t seem to understand the concept of holding companies!
If we win the cup I’d send Billy McNeill up to collect it alone, just like Lisbon. That would give them an image to remember.
HT
Good man
Let me know I may even allow you to attend St Josephs Blantyre at 10am first.o)
any one know if this is true? celtic have an application in to demolish the school and build in its place..des.on tues from council ?? h.h
HH
IF ONLY the Vatican , and Pope Francis 1, could train their sites on the SFA & the SMSM…
CARDINAL ordered into exile, say the papers, as Cardinal Keith is carpeted… Wonder who the compliance officer in the Vatican is?
One of those no messin’ Swiss Guards,with yon big Tomahawk methinks …
HH
parkheadcumsalford
yeh..stakebake has just realised that he wont have £10m to spend in getting thems out div.2…ohhhaaaa the irony h.h
tommysbhoy
Council officials have recommended it and final decision on Tuesday. Celtic paying 300k for it.
Whit nae warchest, yer kiddin’ me oan…
Sallymust haveknownCSC
I would let Hoopy the Huddle Hound collect it – they could all speculate as to who was inside the costume.
NFL, Craigy Whyte, Chico Green, Lord Lucan…all possibles.
BT
Ok Pope S The First ;-)
ASonofDan,
While I am happy to hear of Platini’s concern for that blatant foul being missed, surely he should have had something to say about Juventus’ gropings in the penalty box at Celtic Park. For every official to miss their behaviour once might be explicable but at every corner??? No, Platini is as corrupt as the rest of them, imo. UEFA have certain teams they want to win at any cost, just like the SFA.
HT
I think you will find that there has indeed been numerous pope Stephens
blantyretim
09:43 on
4 May, 2013
HT
I think you will find that there has indeed been numerous pope Stephens
———-
No fae Blantyre there’s no!!! ;-)
Italiabhoy @8.05,
Keep telling it like it is. Our manager, like MON before him, is their worst nightmare. If he is not allowed to lead the team out for the Final or cannot be among the team to receive the trophy, if we win, then no Celtic player should cooperate with the SFA in any way whatsoever and the media, like SKY, should be informed of exactly why.
8-)
Tim malone
I have it on good authority. … nfl was dressed as hoopy at our last home game ;)
roy croppie
thanks for that..saw a comment on twitter last night regarding it..i knew of the plans for the celtic triangle were ongoing..hope it comes to fruition h.h