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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Corkcelt-Jim “Spencie”Spence BBC Shortbreads honest football guy
Corkcelt
@GordonWaddell: Breaking: 11 clubs about to resign en masse from SFL. All of SFL1, with the exception of Airdrie, plus QotS and Dundee are signatories
“SFA shuts door after horse has bolted”.
shouts shortie…
Gordon Waddell……supports Falkirk.
Aye.
http://sport.stv.tv/football/223972-ten-clubs-poised-to-resign-from-the-scottish-football-league/
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SFL rule 12 on notice to resign membership states: “No Member shall resign, retire or otherwise cease to be a member of the League unless it shall have given not less than two full seasons prior written notice so to do, unless with the approval of not less than two-thirds (66%) of the votes cast at a general meeting of the League.”
Afternoon bhoys from a warm hun free mountain valley.
So the fix is on.
11 clubs to break away, I wonder who will get the invite to make up the 12 ???
Sort of answers why no season books on sale at the bigot dome.
New division higher cost.
Shameless corrupt cheats.
Belated birthday wishes kikin.
Will Celtic still have to give them a million pounds?
Derry a city debate…. a tune http://www.youtube.com/watch?v=h5GYhFj0fSg
Steinreignedsupreme
15:16 on 3 May, 2013
Just scroll past. It’s a win win situation
With all due respect to you and to OG that aint going to happen, his live updates during the game is second to none :-)
If Airdrie are not sinnatories,
There must be nothing in it to help sevco.
the moon bhoys
14:04 on 3 May, 2013
Spot on mate, I’ve been saying for months Campbell Ogilvie would need to murder someone before he’s removed, he will go once his beloved club are saved.
I’ve been saying for months if Sevco get another bail out then I’m seriously done with the game in this country.
They threaten, bully, cheat, and they still claim to have history intact without a member of the media challenging this and they want a helping hand from us, this will be the last straw for me I’m afraid.
The LNS verdict was a disgrace, if this happened in any other country titles would’ve gone, £200,000 fine to the liquidated company and that’s over 11 years of cheating, who are they trying to fool.
Read this mate enough said.
Edinburgh’s “Speculative Society” – a splinter group of Canongate Kilwinning Masonic Lodge No2. On the list of members “admitted to extraordinary privileges” one William Austin Nimmo Smith.
Maybe I’m just paranoid, that word paranoid has disappeared of late.
16 roads – Neil Lennon walks on water.
15:13 on 3 May, 2013
petec – you buried yer boat race in that halion’s big giant muchachos,outside 67 – can ye nat remember fs? We had to trail ye away from her,ya were like a dhog with 2 dks so ya were lol
____________________________________________________________________
outrageous.
infamy infamy.
I tend to think my smooth talking got you off a night in the Cells/membranes. That wee polis Lady was a see smasher though, I kind of see the method in your MADNESS.
Yer a belter.
Helter Skelter……..
MK Don’t go there.
http://www.youtube.com/watch?v=7SgqQ77jpZ8
Signatories :((
My boss is Peter Principle, 14:43
I have never, ever used the word nuclear. Others have, but not me
I never said that the story I hoped would break this week, was that one. I said on Sunday that the Asian investors pulling the plug had been stalled by Green being forced out.
The Moon Bhoys, 14:10
It looked like this week. It wasn’t, but break it will.
Be patient.
Here we go again. People panicking into believing SevCo will get a ‘leg-up’.
It ain’t going to happen. Relax. Have a beer or a wee glass of wine.
From @AlisonRobbie
#SFL Chief Exec David Longmuir tells me he wasn’t aware of the plans by several clubs to quit the league. Says only looking at play offs.
Oh my sides, the same guy who wanted his beloved cheats in div 1 and he claims no knowledge of what’s happening.
I smell shi**.
Dow Jones just broken 15000.00 for first time!
leftclicktic@15:22
Nail on head.
Bannatyne would be first in the queue.
corkcelt, 15:04
I never mentioned Imran Ahmeds Ma’s account story at all. Not me there
My pick for the Ross County game:
4-3-1-2
::::::::::::::::::::::::::::::::::::::::::::::::: Zaluska :::::::::::::::::::::::::::::::::::::::::::::
Ambrose :::::::::::::::::: Wanyama ::::::::::::::::: Wilson :::::::::::::::: Gershon
::::::::::::::::: Kayal :::::::::::::::::::::: McCourt :::::::::::::::: Ledley ::::::::::::::::
:::::::::::::::::::::::::::::::::::::::::::::::: Commons :::::::::::::::::::::::::::::::::::::::::::
:::::::::::::::::::::::::::::::::::: Watt ::::::::::::::::::::: Lassad :::::::::::::::::::::::::::::
I expect to see Patrick McCourt on the bench, despite the fact that, yet again, he played better than anyone in the team last weekend. The slim length of time he gets to make an impression means it’s nigh impossible to see how he combines with teammates, although he still managed to show what a skilful, composed player he was. When you think of how many times he’s had to make way for pseudo-tough guys or, on Sunday, ‘youts’ – it’s absolutely criminal.
If he leaves, I hope it’s to a Scottish club. I’ll buy a ticket; at least there’d be some entertainment on show.
yeh i seen that too Moonbeams.
Bugger.
Ten Men
You could be right.
Just going by what has gone before.
petec – I couldn’t believe that she let me drink the drink.Thanks very much is what i said to her,but i also thought “why did ye even stop me in the first place for?”
Strange city is Glesga.
Was it you or FFM that was carrying the empty pint glass? pmsl “a dinae wannae carry this nae mere” lol Just throw it away then ffs! lol :)
Ten Men Won The League
15:25 on 3 May, 2013
Here we go again. People panicking into believing SevCo will get a ‘leg-up’.
It ain’t going to happen. Relax. Have a beer or a wee glass of wine.
____________________________________________________________
People criticised John Reid for “Bailing out” when nothing could be further from the Truth.
Mags is very insightful when asking real questions about G4S, he was a very high levelled person back “in the day”.
Tiocfaidh ar la????
Scrutinise EVERYTHING.
OG Was it not you saying that you had a friend working in the Sun Newspaper and that he had been working on a story and it was about to break.
TET
By the sounds of things, they will have far more important issues to worry about than what league they will be playing in :)
Petec best gig i was at for total crowd chaos,at the old Apollo.Public Image Ltd.
Twitter.
(Current SPL) + 10 (Resigned SFL) + 1 (Thistle Promoted) leaves us with one more gap to fill the 24 club qouta. #strange
up_over_goal
15:29 on 3 May, 2013
—
Dont really fancy that line up but agree on paddy. Played well when came on and i hope he moves on so i can watch him more often.
My line up – think vic and forster r being rested.
Zaluska
Lustig Wilson Mulgrew Izzy
Mcgeoch Kayal ledley mccourt
Watt stokes
What would it take for Campbell Ogilvie to be forced out?
(Not a rhetorical question, despite appearances)
up_over_goal
I expect to see Patrick McCourt on the bench, despite the fact that, yet again, he played better than anyone in the team last weekend. The slim length of time he gets to make an impression means it’s nigh impossible to see how he combines with teammates, although he still managed to show what a skilful, composed player he was. When you think of how many times he’s had to make way for pseudo-tough guys or, on Sunday, ‘youts’ – it’s absolutely criminal.
If he leaves, I hope it’s to a Scottish club. I’ll buy a ticket; at least there’d be some entertainment on show.
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Powerful comment.
proudbhoy
Nice line-up but Mulgrew not playing. Izzy not expected to play either, though he wants to.
Steinreignedsupreme
I’m not upset at all, was just curious, OGR has since said could be next week, lets see.
hen1rik
QOS signed up, Airdrie haven’t, still same top 24 teams after promotion/relegation.
Charlie Mulgrew couldn’t lace Paddy McCourt’s boots.
That is the truth.
PassengerCSC.
See yous in the Beano.
something is cooking in the city
Put Paul McMullan in the squad for Sunday. Nothing to lose.