|
Re: 2008 could be the year
Quote:
|
I don't think they will go into administration tbh. If they do then the assets are sold and the creditors receive however much back can be raised by that and they'll get however much that is in the pound. If they do go into administration it certainly won't be Romanovs choice imo because his bank won't be treated any more favourably than their other creditors by the administrator. What I think is the most likely thing to happen is they might actually attempt to put in planning permission for their super duper new stand/ hotel etc, and then the stand isnae built but the other parts are. That would then lead to the development of the rest of Tynecastle into housing sans fitba team.
The fitba team in this scenario? Sold to anyone who wants to buy it, or alternatively then put into administration.
Of course all of this is dependent on Ukio Bankas being financially solvent and actually being able to pay Hearts bills. Which if their mode of lending to Hearts is any indication, is the very definition of sub-prime. No that easy to borrow money these days...
And with that, I wish you all a happy new year:YAYYY:
|
This is the case.
Administration is usually forced on companies by its creditors as an attempted to get back their money. Ukio are the owners and the ones holding the debt. There's no advantage I can see from them putting the club in administration which effectively means an accountant being brought in to sort the clubs afairs out (i.e. the owners lose control). Why on earth would they do that?
__________________
There is a simple answer to every question..........and it's wrong. Einstein
|