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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HA Ha laughed out loud there Johnny Clash
BT wait n I’ll tell ye what happens in series 6.
Doc Whatfor
Holy Cross, Hamilton, made very short work of us in 1976.
St Aidan’s beat us another year, although that was in Wishaw, and we nearly knocked them out. We hardly got a touch of the ball against Holy Cross.
Sevconians probably think Walter’s style was ‘total football’.
TET,
I didn’t know the Ramsdens cup was a major European trophy,
surely they will win that by 2020
Dr o))
VP
I’ve 8 weeks to watch it.
GlassTwoThirdsFull
16:54
Mair like total torture.
Amoroso the big eejit “give Sally mer money for team”
Not got a pot pee in ,but lets throw other peeples cash into the abyss.
Thank goodness they will never learn.
dressings off today..
3 lovely fresh scars to add to the mess from before…
BT-You will finish it in 8 days.
doctor whatfor
Ayrshire is magic… Queen Margaret from St Margaret’s
Large protest walks in relation to the re-building of St Andrews Saltcoats
Now St Matthews…
Large catholic secondary school, we ain’t having that….
Eh aye we ur…
HH
Celtic first
Holy Cross is my old Alma Mater. Nae fitba park. We had tae use any local public park that wasn’t waterlogged. Paul McStay’s first game on a bona fide home ground was at Hampden for Scotland under 16’s.
But we were happy.
That can’t be for real!
from the bbc report
The document ends with: “The Rangers fans will stick by the club and support us in their thousands, but only if they can see that there is progression.
“Right now, many questions are being asked about what is really happening at the club, and the biggest concern seems to be the style of football and coaching theory.
——————————————-
directors stepping down?
SFO investigation?
burn rate of £1 million + per month !!
and the mbb waiting to jump out with the deeds in his hand
even the mibs had to assist sevco on the field to get enough points to gain promotion
this year that may not even be enough
perish the thought
nurse……nurse…………my sides are about to burst………ha…ha…ha
jam67
micktt
My kind of town. My kind of people.
If Challs couldn’t get-
Pep
Johan
Frank
Jose
SAF
Klopp
Maybe Stuart Baxter would have been the man for the gig?
At night you hear, Bazookas roar.
Moonhowlers going into th3 .
Playstatio.OOPS.
Ask you own self why pop upz are popping up despite being secular/secure.
I could be Wrong, I Might be Right.
&
&
another and.
FOCUS on this music.
Doctor
I was at Ogilvie 1998 to 1984..
meds….. o)))
MICKTT
And the upshot of our new school is that they want one too.
Waaaaant it,Little Britain,little minds.
This HAS to be a wind-up. Picture of elbows with the caption:
“Rangers captain Lee McCulloch perhaps epitomises the whole-hearted approach of the plan”
THE EXILED TIM
16:27 on
3 May, 2013
I think we should all be quaking in our boots.
Sevco, the new Barca of scotland is just around the corner.
http://www.bbc.co.uk/sport/0/football/22400088
Dearie, dearie me.
——————————————————————————————-
I cant believe any sane person ever penned that piece,I was in total hysterics reading it! ,a 2 bob outfit from Govan ‘s masterplan to take over European football that effort must be kept for posterity to show how deluded that lot really are,and to keep us in hilarity
BT
Presume you mean 78 to 84. What primary school did you grace young man?
BlantyreTim
Was it just you or did everyone at Ogilvie work backwards through time?
Never did you any harm anyway.
BT 98-84 ? Are you Dr Who?
Celtic first
Yup everybody in Blantyre worked backwards through time. It meant you always knew where you were going. ;-)
Og rafferty,
is that what the scoop was the bbc article on sevco’s master plan to rule football? lol
“There’s a BZZZZZZZZZZZZzzzzzzzzzzzzzzz aboot the place”
BADA BING
Are you trying to sneak in one of those list things under the radar?
Yellow card offence nowadays!
First thing I thought when I read that piece on the site of a publicly-funded service is……
Nice to know where my licence fee goes.
Disgraceful to simply print a blurb like that,no matter which company it is for…..
GlassTwoThirdsFull
Especially when they want to base their football philosophy
on Barca. You couldn’t make it up…….. hahaha
HH
St Blanes
jungle jam67 KNOw exactly what you mean aw they non sevco players loitering wi intent in thir ain penalty box that’s jist askin for a penalty & a sendin aff its a wonder any thame non sevconians ever finish wae 11 players?
BT
A damned good school. In my opinion.
Relax Bhoys…I let down their tyres and ran away.
BLANTYRE TIM
was clearly a backward student,haha…..
Good to hear the recovery is coming on apace,bud.
You’ll be fit for the falling-down juice in no time!
BMCUW
There were name backward students at his school. Just weans wae the imagination tae bend time.
Alberteinsteincsc
danso_1888, 17:04
Shhhhhhhhhhhhhhhhhhhhh
…there’s one smoking a joint, and another with spots, if I had my way I’d have all of them shot…
PFCSC