CtS Posted August 27, 2008 Share Posted August 27, 2008 Attendance 6,844 Time to start thinking about re-developing Tynecastle, or a permanent move to Murrayfield. The jambos love these big European nights. Quote Link to comment Share on other sites More sharing options...
Aberdeen_Ladette Posted August 27, 2008 Share Posted August 27, 2008 Not a good day for the jambos... Out of the cup v Airdrie (who played with 10 men for 13 mins) .... after hearing earlier today that Hearts made a loss of almost £13m, with total current debt said to be £37 million! :rofl: Quote Link to comment Share on other sites More sharing options...
glasgow sheep Posted August 28, 2008 Author Share Posted August 28, 2008 hehehehehehehehehehehehehe Quote Link to comment Share on other sites More sharing options...
glasgow sheep Posted September 20, 2008 Author Share Posted September 20, 2008 hmmm, hearts not paying bills, again.. Exclusive: Hearts stars' fury after club fails to pay them this month Sep 20 2008 By Gordon Parks HEARTS players haven't been paid this month's wages, it was revealed last night. But the club have denied the failure to process their salaries is a result of any financial problems. Despite this assurance, Record Sport understands angry first-team stars have told owner Vladimir Romanov they want their money now. Bosses at the Edinburgh club say cash will be wired into their bank accounts over the next few days and refuted suggestions global financial problems played any part in the problem. A Hearts spokesperson said: "There has been a delay in the payment of the players' wages and that was down to technical reasons." The Jambos face Inverness Caley Thistle this afternoon and once again a lot of the talk in the stands will be dominated by offfield problems and continuing uncertainty over the long-term solvency of a club with debts that topped £35million last season. Despite a recent financial restructuring of the debt, which wiped £12m off the balance sheet, the volatile state of world credit issues will increase fears over the future of the club under Romanov. It is believed some non-contract staff at Tynecastle haven't been paid either and there are concerns regarding job losses among backroom staff. The Lithuanian businessman has backed the club through his bank, Ukio Bankas. This is part of UBIG Group that has Romanov as majority shareholder. His reign has been a tale of turmoil with Hearts managers coming and going and unrealistic promises of breaking the Old Firm stranglehold and gaining entry to the Champions League. The current wage problem will do nothing to reassure fans their club is in good hands. Quote Link to comment Share on other sites More sharing options...
TENEMENTFUNSTER Posted September 20, 2008 Share Posted September 20, 2008 The fifth biggest bank in Lithuania? I reckon they're fucked. Should also say that Hearts are what defines "sub-prime lending". Quote Link to comment Share on other sites More sharing options...
mizer Posted September 23, 2008 Share Posted September 23, 2008 Their staff were meant to be paid their monthly wages today, and they haven't! Apparently it will be the end of the week. And the players are still to be paid. Quote Link to comment Share on other sites More sharing options...
capitalsharpie Posted September 23, 2008 Share Posted September 23, 2008 Its not funny you know. Do you not know there is a credit crunch on? Quote Link to comment Share on other sites More sharing options...
mizer Posted September 23, 2008 Share Posted September 23, 2008 Its not funny you know. Do you not know there is a credit crunch on? Yellow line is Ukio's share price, suffering like most other banks Quote Link to comment Share on other sites More sharing options...
topcorner Posted September 23, 2008 Share Posted September 23, 2008 I've heard that they owe the coach company Parks of Hamilton over 25k and they are now refusing to pick them up on Saturday. Also heard that staff at the University training facility have been told to clear their desks. Not sure how true it all is. Quote Link to comment Share on other sites More sharing options...
glasgow sheep Posted September 23, 2008 Author Share Posted September 23, 2008 I've heard that they owe the coach company Parks of Hamilton over 25k and they are now refusing to pick them up on Saturday. Also heard that staff at the University training facility have been told to clear their desks. Not sure how true it all is. I don't think they pay any bills on time. Mizer what is the graph below the share price? Quote Link to comment Share on other sites More sharing options...
mizer Posted September 23, 2008 Share Posted September 23, 2008 Mizer what is the graph below the share price? Not a clue, penguins per day? Quote Link to comment Share on other sites More sharing options...
sheep_shagger Posted September 23, 2008 Share Posted September 23, 2008 Instead of those smart people that done whatever they did with shares to ensure that HBOS had to be merged, they should have done it to mad vlads bank and we could have killed off hearts at the same time!! Quote Link to comment Share on other sites More sharing options...
glasgow sheep Posted September 23, 2008 Author Share Posted September 23, 2008 Some economic stuff: http://www.baltictimes.com/news/articles/21193/ S&P downgrades Ukio Aug 27, 2008 By Mike Collier VILNIUS - Rating agency Standard & Poor's said on August 26th that it had revised its outlook on Lithuanian AB Ukio Bankas to negative from stable. At the same time, the 'BB' long-term ratings and 'B' short-term ratings on the bank were affirmed. The outlook revision on Ukio reflects what S&P believes is "the bank's heightened credit risks arising from uncertain economic prospects in Lithuania where the bank operates." "In addition to the deteriorating economic conditions, we believe that Ukio's credit risks have increased because the bank has experienced very high loan growth in the past 12 months in an untested operating environment that is exposed to macroeconomic overheating," said Standard & Poor's credit analyst Miguel Pintado. "Standard & Poor's considers that Ukio is exposed to high credit risk through its loan portfolio growth of over 100% in the last 18 months. This is well above the overall Lithuanian market lending growth rate, and most of the loans are to the riskier small and midsize enterprises and retail leasing sectors." Although asset quality indicators remain at "relatively comfortable" levels, the first six months of 2008 have already seen a deterioration, with nonperforming loans increasing, S&P noted. Standard & Poor's considers that Ukio is likely to face increased pressure on its asset quality as the economic conditions in Lithuania deteriorate. The outlook also factors in the expectation that Ukio will be able to maintain its relatively good financial performance and garnering of market shares in core business lines, while maintaining capital levels. "The outlook could revert to stable if our concerns over the operating environment abate and the bank's asset quality proves resilient while it continues to deliver sustained profitability and strengthen its commercial and financial position. Conversely, a weakening financial profile or operating environment, contributing to higher credit or market risks, could put downward pressure on the ratings," S&P said. Quote Link to comment Share on other sites More sharing options...
BrownyBrown Posted September 23, 2008 Share Posted September 23, 2008 I don't think they pay any bills on time. Mizer what is the graph below the share price? The bottom line typically shows the volume of stocks traded on any given day. Quote Link to comment Share on other sites More sharing options...
Guest ally s Posted September 24, 2008 Share Posted September 24, 2008 I've heard that they owe the coach company Parks of Hamilton over 25k and they are now refusing to pick them up on Saturday. Also heard that staff at the University training facility have been told to clear their desks. Not sure how true it all is. The training facility staff bit isn't true as they're not actually employed by Hearts. Quote Link to comment Share on other sites More sharing options...
Edinburghdon Posted September 24, 2008 Share Posted September 24, 2008 Yeah the training facilities at riccarton are uni owned and run Quote Link to comment Share on other sites More sharing options...
Ajja Posted September 24, 2008 Share Posted September 24, 2008 You could almost convince yourself that Vlad doesn't actually want Hearts to be a successful operation. Everytime things seem to be going better for the team something utterly ridiculous occurs and the rug is pulled out from under them. It's hilarious (while nodding respectfully at the poor sods in their offices that can't pay their mortgages this month). It is fairly common for businesses to stretch the terms of their credit agreements, its not always an indication of cash flow stress but can often be. A lot of businesses simply operate late payment as a strategy to hold onto cash longer. The media has just picked up on Hearts as a newsworthy business. I would think that Ukio will be endangering their legal requirments to capital ratios under the Basel agreements given the pressures that international banking has come under in recent weeks. If their lending has accelerated the way that article suggests and their share price is plummeting then capital reserves will be under stress. A run on the bank in Lithuania and they are fucked. We shouldn't laugh too hard as the two worst sectors to be in at present seem to be banking and new property development Quote Link to comment Share on other sites More sharing options...
mizer Posted September 24, 2008 Share Posted September 24, 2008 Not sure if its been mentioned but this comes straight from someone working there. The staff at Tinkcastle have been told to attend a meeting on Friday morning. No other information has been given regarding pay etc, they have just been told to turn up at the meeting. I got told this about half an hour ago. I feel sorry for the staff, did a first aid course with a heap of them last year, decent folk who all worked for hearts as they have always supported them. Quote Link to comment Share on other sites More sharing options...
Ajja Posted September 24, 2008 Share Posted September 24, 2008 I feel sorry for the staff, did a first aid course with a heap of them last year, decent folk who all worked for hearts as they have always supported them. Agreed, its not a good thing when peoples jobs are on th eline and their homes and families are affected. Afford yourself a little chuckle though Quote Link to comment Share on other sites More sharing options...
mizer Posted September 24, 2008 Share Posted September 24, 2008 Agreed, its not a good thing when peoples jobs are on th eline and their homes and families are affected. Afford yourself a little chuckle though Trust me if there is any protest or anything out Tynie I will be out my flat and down their laughing at them Quote Link to comment Share on other sites More sharing options...
Ajja Posted September 26, 2008 Share Posted September 26, 2008 Was speaking to a friend today who is well connected in European banking terms. He told me that Vlads cash from Lithuania comes in through HBoS and the staff wages are paid through this. Apparently they burst their overdraft limit on the account and that is why they couldn't pay wages. He also said that Aluminij Mostar (Auminium Company in Bosnia thats owned by the parent company UBIG) is in serious trouble. Gotta keep that mill turning Quote Link to comment Share on other sites More sharing options...
dave_min Posted October 24, 2008 Share Posted October 24, 2008 gayest hearts fans ever... I thought all Hearts fans were gay? Quote Link to comment Share on other sites More sharing options...
TENEMENTFUNSTER Posted October 24, 2008 Share Posted October 24, 2008 nicked fae the MAD, gayest hearts fans ever... putting a temporary hold on the LALAH thread hasnae been much good over the years - so i reckon we should try getting some laughs in to boost confidence before the game LMAO!! Right Said Fred support the LSC!! Quote Link to comment Share on other sites More sharing options...
ntbear Posted October 25, 2008 Share Posted October 25, 2008 Yeah the training facilities at riccarton are uni owned and run Hairy tw*t though Quote Link to comment Share on other sites More sharing options...
mizer Posted October 27, 2008 Share Posted October 27, 2008 Romanian coach denies pushing Clark - SFA to investigate manager’s behaviour By Michael Gannon Published: 27/10/2008 Hearts manager Csaba Laszlo faces a SFA investigation into his post-match behaviour following his side’s 1-1 draw with Aberdeen. The Romania-born coach, who was upset by referee Steve Conroy’s decision to reverse a penalty kick awarded after consulting his assistant, lost the plot at the final whistle, barging past fourth official John McKendrick on to the pitch before he had to be restrained by his players. He was also seen to shove Aberdeen coach Sandy Clark, who was trying to calm the situation and shake the Hearts manager’s hand. The SFA will wait for the referee’s report to arrive today before deciding on further action, but Laszlo is almost certainly to be called to task. Hibs manager Mixu Paatelainen had his four-match touchline suspension appeal upheld last week and his misdemeanours were small fry compared to that of his Edinburgh counterpart. It would appear Laszlo’s memory is just as short as his fuse, however, as he insisted after the match there had been no confrontations or wrongdoing on his part. He said: “I can go on the field, I do it after every game, is there something wrong with that? “You must ask the fourth official why he stopped me and asked me to go to the dressing room. “I was angry with my players because we missed so many chances. “I did not push the Aber-deen coach. We shook hands after the game. “Why should I apologise? “The referee has his job, I have mine. I am not new to football, I know the referee will not change his decision after the game. “My intention was to go to my players, not to the referee.†He added: “I do not talk about the referee, I did not touch anybody and I did not confront or abuse anybody. I was angry, but it was because we did not score goals.†Quote Link to comment Share on other sites More sharing options...
️ Come on you Reds! ️
️ Come on you Reds! ️
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