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Old 14-09-06, 19:57   #1
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Hearts Debt

I was arguing (discussing) with two huns tonight about hearts debts. They are both accountants so I probably didnt grasp the whole convesation.

Basically they were arguing that the yams dont have any actual debt becase the owner of Hearts is also the owner of the bank that holds the debt. My counter argument was that if there was no debt why were the yams paying interest to UKIO.

One other interesting point, for me at least, that one of them made was that UKIO also hold the registrations of Gordon, Pressley and Hartley. Dont know if this is correct but if it is I reckon the yams are even more fecked than I first thought.

If there are any accountants out there can you please explain to me why the yams have no actual debt.
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Old 14-09-06, 20:09   #2
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Re: Hearts Debt

Quote:
I was arguing (discussing) with two huns tonight about hearts debts. They are both accountants so I probably didnt grasp the whole convesation.

Basically they were arguing that the yams dont have any actual debt becase the owner of Hearts is also the owner of the bank that holds the debt. My counter argument was that if there was no debt why were the yams paying interest to UKIO.

One other interesting point, for me at least, that one of them made was that UKIO also hold the registrations of Gordon, Pressley and Hartley. Dont know if this is correct but if it is I reckon the yams are even more fecked than I first thought.

If there are any accountants out there can you please explain to me why the yams have no actual debt.
I'm no accountant but they do have a massive debt. At the moment it is held by a company owned by the Hearts owner. But they still owe £30m+ and that's very different from having no debt.:YAYYY:
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Old 14-09-06, 20:17   #3
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Re: Hearts Debt

I don't know how you found yourself to be talking about anything with Huns. In any event the Gunts have debt and they're fecked. After tonight, they will be even more fecked. Mad Vlad will shortly lose interest and walk away screaming the refs had it in for him, the media had it in for him, Scotland never understood him etc. When that happens the Gunts will find out the true meaning of what "fecked" really is as they hang around Tynie weaping and wailing with tears in their eyes wearing their "I believe" T-Shirts as the bulldozers make their way to the centre circle.
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Old 14-09-06, 20:25   #4
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Re: Hearts Debt

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I don't know how you found yourself to be talking about anything with Huns. In any event the Gunts have debt and their fecked. After tonight, they will be even more fecked. Mad Vlad will shortly lose interest and walk away screaming the refs had it in for him, the media had it in for him, Scotland never understood him etc. When that happens the Gunts will find out the true meaning of what "fecked" really is as they hang around Tynie weaping and wailing with tears in their eyes wearing their "I believe" T-Shirts as the bulldozers make their way to the centre circle.
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Old 14-09-06, 20:43   #5
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Re: Hearts Debt

chap i know(an accountant) says yams are running over 1000% over budget per week but many off the salaries are being paid by madvlad,same as everyone else bank want money back something has to give,its so funny it hurts,cant be long till toys out pram and the child loses intrest with its toy,7 or 8 back to kaunas,rest sold me thinks.

ps.its not hearts accountants you were speaking too,maybe under spell
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Old 14-09-06, 20:45   #6
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Re: Hearts Debt

Does this mean when romanov buggers off hearts will be left with all this debt on their hands?
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Old 14-09-06, 21:05   #7
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Re: Hearts Debt

Quote:
I was arguing (discussing) with two huns tonight about hearts debts. They are both accountants so I probably didnt grasp the whole convesation.

Basically they were arguing that the yams dont have any actual debt becase the owner of Hearts is also the owner of the bank that holds the debt. My counter argument was that if there was no debt why were the yams paying interest to UKIO.

One other interesting point, for me at least, that one of them made was that UKIO also hold the registrations of Gordon, Pressley and Hartley. Dont know if this is correct but if it is I reckon the yams are even more fecked than I first thought.

If there are any accountants out there can you please explain to me why the yams have no actual debt.
If they don't have any debt, they also do not have Tynecastle as exactly the same argument can be made.

FWIW the worst case scenario imo is that Hearts are left with their debt when Romanov fecks off, but they also do not have Tynecastle as its ownership can easily be transferred to UKIO. I know that's the worst case scenario cause that's what I'd fecking do to them!
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Old 14-09-06, 21:34   #8
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Re: Hearts Debt

Quote:
I was arguing (discussing) with two huns tonight about hearts debts. They are both accountants so I probably didnt grasp the whole convesation.

Basically they were arguing that the yams dont have any actual debt becase the owner of Hearts is also the owner of the bank that holds the debt. My counter argument was that if there was no debt why were the yams paying interest to UKIO.

One other interesting point, for me at least, that one of them made was that UKIO also hold the registrations of Gordon, Pressley and Hartley. Dont know if this is correct but if it is I reckon the yams are even more fecked than I first thought.

If there are any accountants out there can you please explain to me why the yams have no actual debt.
They're not proper beancounters. Currantbuncounters are obviously very stupid.
Stupider even than the average Hun, if not the average Gunt. I don't think even the dimmest of Gunts seriously believes that there is no debt. And they SPECIALISE in "believing".
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The registrations of the 'stars' are still held at the PBS as far as I know, although perhaps Vlad will transfer them to Kaunus and loan them back as he has with most of the squad. UKIO is not 'owned' by Mad Vlad and I wouldn't be too surprised if he is shortly taken to task at his cavalier approach to UKIOBANKAS and its assets, which he clearly THINKS he owns, and treats accordingly.
His lawyers in Edinburgh are Brodies WS; a venerable firm.
I wonder if they regret getting involved with a man who brings such 'publicity' with him.
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For the avoidance of doubt, anything stated in the above post is written without prejudice; is probably completely uninformed opinion, and possibly just a figment of my imagination. Readers should either ignore, treat with contempt, or simply accept the spirit it is written in, without recourse to huffy replies, legal action or threats of violence.
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Old 14-09-06, 22:47   #9
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Re: Hearts Debt

Quote:
Does this mean when romanov buggers off hearts will be left with all this debt on their hands?
Thats what ive been thinking
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, and i reckon that the longer he stays the more debt they will go into :YAYYY:
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Old 14-09-06, 22:56   #10
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Re: Hearts Debt

Anyone got one of those Cala Homes countdown signatures? Let's bring them back to wind the ****s up :YAYYY: :YAYYY:
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Old 15-09-06, 12:06   #11
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Re: Hearts Debt

Actually the Mad Vlad man owns shares in UKIO Bankas, which in turn owns UBIG the investment group which owns Hearts.
According to their website, 21.64% of their shares are owned by foreign investors and the rest by 'local invvestors'. Vlad is down as owning 19.43%, UBIG owns 9.99% of the bank (which owns it? hmm...) and there are a couple of other associated companies which own around 8-9% each and two other shareholders (including Skandia Enskilda Banken - a swedish bank) which owns around 7% each.
Actually.... reading the website and trying to find out more about UBIG, I've found the following interesting comment ...

'In all other companies a part of shares is less than 10 per cent. Within the group of companies the highest part of shares, i.e. 9.97 per cent is owned by the bank in Investment Company UAB "Ūkio banko investicinė grupė" and Balkan Investment bank AD. This year a part of shares in "Ūkio banko investicinė grupė" and Balkan Investment bank AD has been withdrawn by the bank, and this part has been sold profitably. According to Edita Navickaite, Board’s Chairwoman of Ūkio bankas, at present the bank has been focusing on financial services for small and medium business, expanding the range of banking services for private persons, and proceeding to improve the Internet banking products.'

Which sounds like UKIO has been selling down it's holding of UBIG ....
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So it seems that Hearts is being distanced from the bank, but i could be wrong ...

Clear as mud!
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Hearts debt is party to UBIG and partly to UKIO Bankas, the last figures I saw ... so there is real debt there.... and other shareholders

and I'm not an accountant, but I do know a bit about this stuff...

Bit sad really, that now Hearts are a private company you get precious little info on them.... would LOVE to see a set of their accounts....
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