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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mentor the myth SUPPORT :((
Their sense of superiority is eroding and McCoist’s warblings show how desperate he is to keep them on-side. He knows full well the connotations of that phrase, a ridiculous and embarrassing thing to say.
Curiosity made me turn over to SS4 for a peek. I should have known what to expect.
If my beloved Celtic had cheated, frauded and bumped football clubs, HMRC and businesses alike, I would not be anywhere near CP to celebrate winning a pub league. But the unrepentant Klan realise that anything less than full blown triumphalism does not sit well with their supremacist mindset. They really are beyond the pale. They exist to hate. This afternoon’s display was nothing more than a giruy to us and had f all to do with winning a pub league. They couldnt resist the chance to tell the world they’re still here but the world knows they died. They somehow manage to get sadder by the day.
Greetings from the Costa del Sol getting pissed and loving it. C’mon the Villa.
pedrocaravanachio67
I hate Brown and I hate the huns from Dundee.
But, I absolutely despise Gilmour.
Pog
In Renfrew, freezing, sober at a skate park…not really liking it at all
But heyho…..c’mon the villa!!
BTW I’m with ma son, just in case anyone thought I was some kinda weirdo :-)
Asonofdan
With a hate and despise in one post confession calls?
Pogmathonyahun aka Laird of the Smiles
Enjoy the Sun Mate….
ASonOfDan
Gilmour sold his and his clubs soul to Green and the hun.
But at what cost ,
gene’s a bhoy’s name
Pretty sure the start of mass covers it.
ffs
Steve Bruce just took the Lords name in vain!!
Steve Bruce live on sky says J C to describe what happens – action by FA?
Terrible defending
Asonofdan
Right…..so your sort of with me then?? ;-)
Better of 2 evils?
oh no the Loyalists score.
Scorer booked
who really gives a toss if a fat failed manager makes a Helen Hunt of himself on live tv.
if he had shouted “No Surrender” then fair enough. Although we think we know what hes on about, is it illegal ? offensive ? or is he just being a Jim Goodwin ?
hes rank, he knows hes rank but he also thinks that so long as he keeps in with the mongol hordes, so long as he is seen as the man who led them out of the wilderness (elgin, stirling, peterehead etc) then hes bulletproof.
they jeered him as a player when he first went to ibrox and they’ll jeer him as a manager if he does walk away first.
ASonOfDan
Thanks for that. A lot of £ to raise just in order to get rid of Craigy. You’d be better burning your £. Interesting times ahead then….
Reds need to up their game now
Sitting in a bowling club, nae funny handshakes, just full of English glad I didn’t bring me Brummy Frau she’d feel at home. Hope N’castle get humped and Villa win. Strange listening to English commentary on an Arab TV station. C’mon the Villa.
Cliftonville doing a Celtic and not showing up for the final.
Sky sports now going with 55 titles, anyone remember back in the day they said new club, threats must have got to them, or maybe they need that imaginary 50,000 subscriptions :)
new article posted.
C’mon Cliftonville!!
All the EBT recipient’s at the cheat dome today pretending they’re fine upstanding gentleman, pay back the loans ya cheats
Anyone else happy that Sally is trying to fool the Sevconians with his WATP chat? I am!
That’s the stupid dumbass attitude that resulted in liquidation for his former Club. Hell mend them…
Just noticed a lamb muncher was sent packing at the cheat dome Ha Ha Ha BBC Chris McLaughlin you deserve it for backing the wrong horse.
1-1 in the Irish C F
pedrocaravanachio67
15:55 on 4 May, 2013
Pog
In Renfrew, freezing, sober at a skate park…not really liking it at all
——–++——–++——————-
Funny you should say that seeing as I come from that Royal hun Burgh.