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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tet
‘Rangers’ football philosophy’???? Philosophy?????
Who is their new club mascot? Spinoza?
Philosophy!! Bwahahahahahaha !!!
the long wait is over
16:23
No bother.
Doc Whatfor
Thanks. It did seem a bit unfair that St Ninian’s might be able to pull in a few Celtic stars of the future if they got a tough draw in the Scottish Cup, say QMA away.
THE EXILED TIM
Dearie, dearie me is right, total fantasy, thought it was a spoof at times.
HH
The Exiled Tim- pure comedy gold.
A team that can’t win the ole Ramsdens in 2013 is going to win a major European trophy by 2020!
It looks like his Rangersitis has affected his brain…
THE EXILED TIM
don`t panic , this was all Green`s idea and has now been shelved. All that talk of philosophy was an anathema to Waistcoat and Swally.
I really like Jim Spence. He’s a dude.
Kenny McIntyre – I find it absolutely hilarious when he gets over-excited/cross/shouty like a big red couponed schoolboy who’s just had his favourite conker smashed.
Tet
Or Nietzsche? Also spracht fatsally. My aching sides!!
Standing outside coopers bar in Wishaw…..dozen guys on bikes getting their pic taken with a large union jack…gimme strength.
TET
Aw nawed surely ??
Celtic first
QMA?
http://t.co/8h7cJeypjR
Green and Ahmeds masterplan
From twitter :))
11m So Charles Green wanted someone of the stature of Cruyff, Rijkaard or Frank de Boer as DOF at Rangers and to win a Euro trophy by 2020.
—
8m It’s clear the current management team at Rangers wouldn’t have survived if Green had stayed.
Zimmerman 16.37
It’s the Loyal Orange Order Panzer Division.
Total football!!!
Winning a European trophy by 2020!!!!!
Crikey – why not throw in the £700m casino and the floating pitch. Maybe some angels and harps. Bars of gold growing out of the ground……….
TET
…..had to venture onto Shortie there to check that……thought it had been Awe_Naw’d……………..Philosophy?………..THAT mob????
Fantasy from a shyster who’s the patsy for a patsy for the Busted Flush.
Shell Game.
GlassTwoThirdsFull
And a 10,000 seater reserve team stadium, complete with Heliport :))
BBc article TET posted above
Manager ideal candidates
“Frank De boer won last two leagues with AJAX unsure if we could cold entice him away”
Fecks sake why are they talking about replacing Ally.
TET
Any idea who authored that article? Sounds like PL might have drafted the original. :)
Doc Whatfor
Sorry. QMA is Queen Margaret Academy, the Catholic high school in Auld Ayr, wham ne’er a toon surpasses …
A parish priest of St Margaret’s, Monsignor McHardy, a great hymn-writer by the way, convinced everyone to change the school’s name from St Margaret’s after a re-build in the 1960s. He said it would help us get jobs.
I know.
Zimmerman
Does one of them have googly eyes and a St Etienne bike?
JC
:)))))))))
Celtic first
Aw bless him. Nae substitute for faith is there?
Mind you, any away draw to Ayrshire was always a toughie.
GlassTwoThirdsFull
What about the beautiful dancing girls, the most beautiful in the land who only want to fufil your every desire!!!
Zimmerman
Does one of them have a basket on the front with a funny looking wee guy covered in a blanket?
that is the funniest document I’ve read in ages – thank you for making my week-end.
Does the Ramsden’s Cup count as a major European trophy? Or maybe fat Sally is going to enter the Eurovision Song contest.
Johann Cruyff – stop it, bwahahaha.
Why did they not try to ‘tempt away’ Mourinho/Capello/Guardiola?
Ye know, we really are going to miss ole chucky. He was a laugh a minute.
!!Bada Bing!!
16:39 on
3 May, 2013
——–
The comments were good:))
Till later all
• Someone close to Michel Platini, and other influential leaders of European football.
Awe no way ,they are trying to steal Dermot Desmond from us
Man U
Dallas Cowboys
Johan Cruyff
We should just chuck it…..
Zimmerman
Are you lost?
they just tried to shoot Tony Soprano..
ooooft… serious 1 nearly over…
Zimmerman………..
..was one of them a “mega bucks Hover-Bike?”
….and was their a Record reporter interviewing them?
;)
Hun = Delusion
See BBC article
I rest my case
BT
Check the meds. Then the spelling. ;-)
*there
d’oh!
I am glad to see the public service broadcaster has a sense of humour -should have been under light (blue) entertainment.
TET, that drivel in the link you posted should have started “Once upon a time…..”
I was laughing so hard I nearly stopped breathing and had to give up.
:-)