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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HT
No far Blantyre there’s no !!! ;-)
…………………………………………..
Yet!!
blantyretim:
There have been 9 Popes called Stephen.
There would have been 10 the Pope elect Stephen who would have been the second. Died three days after being elected having never received episcopal consecration.
Keep the Faith!
Hail Hail!
Doctor Whatfor
09:52 on
4 May, 2013
He’s as good a man as I’ve ever met but I think Pope may even be a step too far for oor BT.
Especially in his present state of incapacity ;-)
As mrs bt always says he was the first martyr after our lord. O))
Right, a children’s art club in GOMA awaits me WOOHOO!!
Have a lovely day all and God bless the Cellic.
If we don’t accept the trophy, they will keep it …….mmmmmm, that’s not such a bad idea…..
HT
I doubt he’d be the first with a limp. Anyway he’d be carried around on t.hat big chair. ;-)
Get well soon, BT.
Aff oot fur the shopping. Memsahib has promised me a pint afterwards.
So 10 clubs want to break away from the SFL and join the SPL. But what’s in it for the SPL clubs? Why should they form a second tier rather that move to one united league system under one governing body?
I can’t see what leverage the 10 clubs have to force change. What happens if the SFL lets them go and the SPL isn’t interested? They are left caught in the middle.
hamiltontim
09:23 on 4 May, 2013
Celtic should do what I do……..don’t turn up
Croppie,
Maybe not big Billy collecting the cup, but you make a valid point about the image. The sight of big McNeil lifting the Big Cup is one image the klan will never get used to. A bit like Dracula at sun-up.
HH
italiabhoy
09:13 on 4 May, 2013
The usual sevco spin guff ……… Hahahahahahahahahahahahaha
from twitter last night…
feed the bear to alex thomo..why did you leave hms sevco when it was holed below the water line?missing the real story for what reason.
alexthomo@ the next few days are vital.if things work the lid might come off the sevco shenanigans.gimme a few days ok
very interesting h.h
Marrakesh Express
He wasn’t as good with the Scottish cup he’d drop the lid…maybe that’s an idea!
After months of speculation the penny has dropped as Fat Sleekit McCoist realises there is no 10 Million war chest to bring in players next season.It is now rumoured he is considering his future at Ibrokes as it is well known that after winning the the Mickey Mouse league that there are several English clubs interested in his services spokes person for Stevenage Town and Fleetwood were unavailable for comment.McCoist has shown great skill this year in talking rubbish and eating rubbish and no doubt would be an asset for his joke telling ability for any progressive clubs. H.H.
Whenever anyone mentions Speirs on here I keep getting the mental image of Rupert the Bear with a typewriter……
Enjoy lads ill be here stuck in my bed watching footie golf racing and cqn of course. .o)
Just received a csll ftom the times. £26 per month.. wtf these meds are playing with my head.
In many ways the sfa are setting nfl up as a martyr.
The fifteen minute countdown at celtic park then him walking out to a standing ovation. His speech and subsequent cheering of almost 50, 000 …
If they ban him from the cup final … and the presentation .. the team should ignore the presentation . Show the muppets up for what they are .
Fitba correspondent on Sicilian radio says he’d like all UEFA and FIFA phone conversations to be recorded and couldn’t resist pointing out that only a few months ago Platini was opining that human error was one of the things that made football exciting..
Hotting up -way down south . Couldn’t walk barefoot on the beach yesterday . Sand was scorchio..
The Boy Jinky
Tim malone
I have it on good authority. … nfl was dressed as hoopy at our last home game ;)
——————————————————————————————————–
FFS don’t tell the SFA or Hoopy will be getting a one-way ticket to the Battersea dogs home.
tommysbhoy
Seen on twitter
CELTIC’S plans to demolish listed school for superstore, museum, cafe etc recommended for go-ahead. Meeting Tuesday. http://bit.ly/ZGGs4V
Tim malone
Its ok… most wont believe me …. im barking ;)
Does no so-called journalist EVER ask the question why anyone/any team needs to spend millions to get out of the third tier of Scottish football.? Did Phil mac not state that this year’s winners, QoS, had a total football budget of £300,000? How many teams in SFL2 are full time? Or are these concepts to difficult, even for a guy like oor Spiersy?
Gordon_J
I think there’s quite a lot in it for the SPL clubs – they all want and need a financial safety net if they drop a league.
If the last few seasons are telling us anything, it’s that Hibs, Aberdeen, Dundee Utd and Hearts could all go down if they have a crap season.
That said, I don’t think it will happen unless Sevco get lobbed into the mix. What should be avoided at all costs is the SPL crawling on their hands and knees – begging them to join the breakaway league. But I wouldn’t rule it out…
emeraldbee\o/ proud to be an internet bampot
QoS, had a total football budget of £300,000
Any idea what Sevco’s total football budget was to win the 3rd division ?
HH
Maybe I’m turning into an old cynic, but I’m not sure that £10M cheque was posted after all.
Maybe I’m turning into an old cynic, but I’m not sure this bag of magic beans is all it’s promised to be after all.
Maybe I’m turning into an old cynic, but I’m not sure Ally McCoist is entirely genuine after all.
Fat sally told the msm that he had spoken to the guy from qos father. I know him quite well says he.
Some things never change. I understand the lad is iut of contract btw.
FGF
£10M football department.
Pat NevinVerified account @PatNevin A tentative hi there. Hopefully I will be able to share a few interesting thoughts over the next little while. Pic has to go! Pat
@PatNevin @celticrumours Oh great, that’s made my day; more pseudo-intellectual nonsense! Put Shandy the dug on instead.
:)))
the battered bunnet
Maybe Steakbake should just rub the magic lamp ( if our hero hasn’t sold it)
And ask for 3 wishes .
That’s the only way he might get 10 million :-))
Benfica and Chelsea get 40% of the tickets for the Europa League Final.
The remaining 60 % goes to sponsors and something called the ” UEFA football family “
the battered bunnet
10:33 on 4 May, 2013
FGF
£10M football department.
£10 million to win the 3rd division and yet QoS can win the 2nd with only £300,000 .
No wonder these looneys are losing £1 million a month.
HH
FourGreenFields
Not aware of an actual figure for the Mighty Sevco, but if, as reported, they are running at a loss of £1+ per month it must have been some budget. Elbows and Alexander are both on double figures (in £thousands) per week, Sandanza admitted to Tommy frae Glasgow he was on £4000 per week, so you have to think that Black, Templeton and Shiels are on similar, not forgetting that Wallace was on SPL wages. Now, a quick calculation based on the above, and totally forgetting all the other signings from foreign fields who wouldn’t have been playing for heehaw, would take us to an absurdly small sum of around £50,000 per week, £200,000 per month, £2.4 million per year. That’s just for the players mentioned above. What about Fat Sally and his cohorts?
FGF
Maybe it’s a Panto all along, Allydin!
“I am the genie of the lamp, and I grant you three wishes”
“Oh, eh, ah, can ah huv a steak bake…
…eh, a yum yum…
…and £10M furra 2nd division title next year”
“Come along young rookie Allydin, can you not choose more wisely?”
“More? OK, gimme 2 steak bakes”
Let’s see what happens with Lenny, suspect he will miss the cup final gig.
I am disappointed in Peter Lawwell. He is the most influential person in Scottish football. However he does very little publicly to support the vendetta against Lenny. He should speak out against the ongoing tirade against the manager ; and call it out for what it is. No he prefers to sit quietly in the background playing for time.
I understand Lenny may have a decision to make in the summer. It must make Lenny wonder , does the club really, really, really want him to stay. I am not convinced and Peter Lawwell who runs the club from top to bottom , may see that a change is in his and Lennys interests. Lenny attracts to much “attention” for Lawwells liking.
Remember Bhoys , The Ear Whisperer can’t be judged as a manager yet . I think we should give him another few years ( please ) before passing judgement .
HH
FGF
Not only did QoS win SFL2 ( a better league?) with a tiny football budget, they actually ran away with it, winning their league weeks before Sevco stumbled over the line in their competition. If I could be bothered I’d like to find out how many penalties QoS got during their season and also how many times opponents were sent off in their games. But, actually I can probably guess the answers to that.
Johan Cryuff…hohoho…