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.
[calameo code=00039017118d2251efdd9 lang=en page=136 hidelinks=1 width=100% height=500]
1,665 Comments- Pages:
- «
- 1
- ...
- 37
- 38
- 39
- 40
- 41
- 42
- 43
- 44
- »
Leceister score against Forrest…
Richie
Sorry to hear your bad news, hang in there
Leeds one up at Watford. 16 minutes injury time first half
Why have the Orcs ejected the BBC??
GlassTwoThirdsFull
Indeed.
The Sevco PR cut ‘n’ paste by the BBC is ridiculous beyond words.
starry plough
13:41 on
4 May, 2013
Why have the Orcs ejected the BBC??
They have a problem with the truth!
Keevins at the asbestosdome
” they need to get the place cleaned up at half time… players dribbling by two balloons and having a shot”
Harsh but true
Dl … this has not been what I would call a classic match
SP-For breaking the story that’s all over the rags re bagging Sally’s gang and bringing in Cruyff,Rijkaard and de Boer.
Richie, Deepest condolences on the loss of your Dad, Prayer for the Happy Repose of his soul, has been said at this house. God Bless & Take care.
Kayal33
Which one…hahaha..
Mon the Berwick..
South of Tunis
Spiersy’s outfits sound oh so wonderful.
Olive green AND khaki corduroy ?
Yo, he de man !
Lots of empty seats at their full house, another world record.
Whit nae Dennis Bergkamp to help wi’ the flying arrangements!!
Not too happy about guys on here cheering on Berwick. Remember its a deduction of one third of orevious years points when you go into administration.
corkcelt
Old habits die hard…
Longmuir and Sevco, Donald Ducked?
Under fire SFL chief David Longmuir
has branded rebel First Division clubs
as desperate.
Yesterday news emerged the 11
leading SFL clubs were about to
tender their resignation and open
talks with the SPL to have a new
structure in place for the 2013/14
season.
Longmuir’s reluctance to support
reconstruction has left First Division
clubs frustrated with fears that full-
time football could be under threat at
a number of clubs.
Rather than attempt to find common
ground with those clubs Longmuir
has gone on the attack against his
most influential members.
The SFL chief told The Daily Record:
“This is desperate men with
desperation hanging all around them.
It is a sideshow but one which is
causing division.
“I am not going to allow desperate
men, who are all over the place, to
dictate what the SFL strategy should
be. My duty is to Scottish football
and to all 30 of our league clubs.
He added: “I have every confidence
the SFL have played a key role in
trying to bring about change for next
year.
“What I don’t have confidence in is
for these clubs to open a door which
is actually closed.”
Responding to yesterday’s
announcement an SPL statement
read: “We can confirm we have
received a letter from the
overwhelming majority of those clubs
which would be in the SFL Division 1
next season expressing a desire to be
admitted to the SPL for 2013–14.
“This letter will be put in front of all
SPL clubs at their all club meeting
this Tuesday when we look forward
to discussing how best to take
forward the game in this country.”
Richie, sorry for your loss, condolences to you and your family.
corkcelt 13:45
lol!
No N/A on a Saturday??
Condolences Ritchie,
All the best…
.
Dribbling round 2 Balloons is Like 2 Nee Signings..
Derek Johnstone..
Summa of BallonD’OrcsCSC
Wee reminder that the Irish Cup Final Cliftonville v Glentoran is on BBC2 NI at 2:05.
Mon the Cliftonville!
Richie
YNWA
There are two “belters” here by Barry McCaffrey re Brian Shivers acquittal
2. Investigations & Analysis – Northern Ireland | TheDetail.tv – Belfast
http://www.thedetail.tv/
Barry is probably the only journalist to have recorded the cross examination of the Scene of Crime officers. It was hilarious. I just loved this bit.
…….Under cross-examination from prosecution counsel, Philip Henry BL, Ms Johnston agreed that she had only lowered one section of the rear seat of the car and that it had not in fact impacted on the matchsticks.
However when Mr Shivers’ defence counsel then produced photographs of the car to show that Ms Johnston had indeed lowered both sections of the back seat, she conceded: “I apologise, my Lord, I have mis-remembered, the other side of the seat was also down.”………
I fully intend to mis-remember the next time I speak to a copper.
On any plans to redevelop the land on which the old school building stands:
I was thinking that maybe a wee quiet room could be set aside as a non denom chapel for supporters to go in troubled personal times or to give thanks to the family members responsible for taking them to and turning them into supporters of one of the world’s most charitable of clubs in every sense of the word.
Anyone who has ever visited the wee shrine at Schoenstaat in Campsie Glen and felt the silence will know that peace.
Nothing ostentatious just a wee room for quiet reflection…..
I assume that is Wolves going to suffer consecutive relegations.
Mon the Reds!
Auldheid “I was thinking that maybe a wee quiet room could be set aside as a non denom chapel ” – I think that is a great idea.
I see there is a bit in the record about Celtic bailing the The rangers out financially with a claim that Bayern did the same for BVB. Bayern did support BVB and this has been common knowledge but they also supported St Pauli and probably others. Uli Hoeness is well respected in Germany, despite currently being in trouble for tax evastion, and he has been behind some of these moves. I think St Pauli even presented him with a strip.
Funny that 2 years after the cheif writer at the record refused to acknowledge Chico’s assertion that a rangers director nodded when asked if the club could go out of business, and 1 year after it actually happened, we have the record now outlining a scenario where our post-tax income is presented to our rivals in order to stop them going out of business….
Jabba worked so hard to keep the L word from being mentioned or printed, announced the corpse dead and now seems to be constantly defining some intangible entity called the club which cannot die.
Is L-day 2.0 on the way or is this story not worthy of further comment?
RICHIE
My Dad just waved me off at Queen St,making sure I got on the train.
Nearly missed my connection at Waverley though!
Missing my train will be a lot easier to deal with than missing my Dad,and my best wishes are with you and the rest of your family.
HH&KTF
Richie my thoughts and love are with you and the family.
Let me know if there is anything, anything I can do for you.
Bryan
corkcelt
13:47 on 4 May, 2013
Not too happy about guys on here cheering on Berwick. Remember its a deduction of one third of orevious years points when you go into administration.
—————–
Think that only applies to SPL. SFL have their own rules.
Does anybody know who won the 1 million crossbar challange over at Ibrox?. I’m sure it wasn’t a scam and that some sloth like, The Rangers fan is a million quid richer!
so next week Celtic at home – championship party –
polis allow full scale tangeriome walk up the gallowgate in the morning –
pubs with early licences have to wait till 11 to open –
on a previous occasion – tangerines threatened and spat on pub customers –
customers retaliated – landlord got the jail for failing to control his customers –
celtic games and u2 concerts not allowed – celtic games plus big walks are allowed
go figure
Hearts £25 mil in debt,bye bye.
AsonOfDan 14:00
I assume that is Wolves going to suffer consecutive relegations.
Big mistake to get rid of Mick McCarthy last year. Wouln’t have kept them in the PL, but would have been challenging to go back up this season.
Berwick should have gad a blatant penalty in the 63 min @ Snake Mountain.