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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Crocker gibbering wan load of p**h, why did we have him anywhere near POTY last sunday?
matte
Do they not do trophy presentations in the SPL?
Stupid hurting zombies…
Nice comment from the wee wummin on snyde there…re huns…they began life in august…cue adverts..hahaha
Gordon_J backing Neil Lennon 14:54
So what’s the odds on Hull coming straight back down?
And Steve Bruce will be sacked. Apparently that’s what Neil Lennon wants to get into…..
255,000 fans sing “Super Ally”……..magic
Fourgreenfields
Turned over
Hail! Hail!
I love the way the zombies whitewash history.
Last August they stated they were getting SPL players in because they were going to win every trophy going.
Today winning the Third Division, whilst having a wage bill only second to Celtic is a major achievement.
LOL!!!!!!
For those without Sky:-
Live coverage of Cliftonville against Glentoran in the Irish Cup final from Windsor Park.
This is a live stream of BBC Two Northern Ireland.
Available to UK users only.
http://www.bbc.co.uk/sport/0/football/22364792
Well, any knuckle-dragging bigot £1,000,000 better off today?
HH
Glentoran fans throwing missles onto the park!!
FPLG rounds of with we are the people,
The tribute act have delivered the perfect spoof movie this afternoon!!!!!!!
ianbhoy929
asonofdan posted earlier that game was on .
HH
Yeeeeeesssss!
Gormley!!!!
Yessss 1-0 Gormley
Why can’t huns behave likes normal human being? Glens fans throwing objects at opposition players.
YES!!!!!!!!
Get it up ye!,
1-0 the Reds
Gormley booked for scoring against a Loyalist team.
And Gormley booked. All so familiar…
1-0 to the Reds
Hammer this mob.
Go on Reds…
Willie Miller on Radio Scotland giving Wee Chick and Billy Dodds it straight ………get St Mirren and Ross County to change their minds on the original well thought out revamp rather than changing all the other clubs stance. Chick & Billy …awe thats awe history lets move on from that it wis rejected ….two hurting huns trying to give credence to the clown Longmuirs last gasp attempt to hang on to his job………Well done that man Willie Miller the only sensible guy on the laptop loyal panel.
asonofdan
15:07 on 4 May, 2013
Why can’t huns behave likes normal human being? Glens fans throwing objects at opposition players.
Their not human , they are
Zombies :-))
“The sun has come out & is shining on Cliftonville…”
matt mcglone
@MattMcGlone9
Ally McCoist with mike in hand live on Sky TV “We are the people”,not quite sure if that’s more sad than embarrassing stooping to that level.
Surely the SFA must take action.
So glad I came home for a break to catch the end of the Sevco celebrations.
Tanner trying to talk them into SPL2.
What a save!
Great save Devlin.
Great save again by McGovern.
Devlin even. :0)
Going by the empty seats in the Glentoran end the days when they were one half of Belfast’s Big Two are long gone
Corner Cliftonville
Another corner to the reds, they’re really havin’ a go
IANBHOY929
Keep you in mind for next season dayoooooots in Bristol
Where are you based?
More quality on the park in the Irish final than I saw in the 5 mins I watched the clowns at the bigotdome
St Mirren getting beat.
Poor Reds fk
Half Time 1-0 to Cliftonville!