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Double your money for Hearts stars' wages



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Published Date: 23 September 2008
By BARRY ANDERSON

HEARTS players have been assured that their unpaid wages will arrive within days, although they may have to wait and accept a payment of two weeks' money this Friday.

UKIO Bankas Investment Group, the financial company in which Hearts' majority shareholder Vladimir Romanov has a controlling interest, failed to transfer players' salaries on Friday, leaving the squad short of a week's money.

The club have promised, however, that salaries will be fully updated by the end of this week. Players are expecting double payment on Friday if the situation has not been rectified before then.

Hearts cited a technical hitch for the failure to pay wages on time and the players have not been unduly concerned about the delay after reassurances from club officials. Captain Christophe Berra pointed out following Saturday's 1-0 victory over Inverness that he and his colleagues had no doubts their money would be forthcoming, joking that greater sums were now due because of the win bonus.

The prospect of receiving two weeks' wages in one will not, therefore, trouble the players provided no further delays arise.

Meanwhile, Mike Tullberg and Bruno Aguiar returned to first-team training at Riccarton yesterday as they stepped up their rehabilitation from troublesome injuries.

Tullberg, the on-loan Reggina striker, ruptured a thigh muscle during Hearts' pre-season tour of Germany while Aguiar has not played since April 2007 due to a combination of ankle and knee problems.

Manager Csaba Laszlo revealed his satisfaction over their return. "That is good news as we have been without them for a while and hopefully they come through without any problems," he said.

Depending on fitness and reaction to training, Tullberg may come into contention for Saturday's SPL match against Dundee United at Tannadice.

Michael Stewart and Christos Karipidis have also shaken off minor knocks and participated in yesterday's full training session.


The full article contains 316 words and appears in Edinburgh Evening News newspaper.
Page 1 of 1

  • Last Updated: 23 September 2008 10:18 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Heart of Midlothian FC
 
1

,

23/09/2008 11:07:43
Comment Removed By Administrator
Reason:
2

VictorianGorgie,

23/09/2008 11:08:56
let the gnashing of teeth and emptying of bladders commence...

3

Jamboy,,

Edinburgh 23/09/2008 11:19:24
Can't see me reading this thread very much today as it seems to me that I could just write down exactly what will be said from all sides over the next 300 posts anyway.
4

devries 4,

23/09/2008 11:36:47
yawn for the dullites or hobos ukio bankas have just announced a profit up 40 percent for the last eight months of their trading company also he doesnt just own a investment company bank etc he has texstile and fashion companies who knows what vlads up to with non payment perhaps hes bored with us who knows
5

Optimus Prime,

Cybertron 23/09/2008 11:53:16
Vlad doing his bit for team morale once again.

#5

His name is Dumitru Copil, he's Romanian and he's in the reserves at present.
6

,

23/09/2008 11:55:54
Comment Removed By Administrator
Reason:
7

These Colours don't run,

23/09/2008 11:58:18
#4 He also owns this company,
BANJALUKA (Bosnia and Herzegovina), Bosnia’s sole alumina plant Birac, owned by Lithuanian Ukio Banko Investment Group, said on Friday it will reduce its capital by 98% to 15.45 million marka ($11.8 million/7.9 million euro) to cover outstanding losses.

Let the bums start squeaking!
8

LTYF,

23/09/2008 11:58:37
Great to see that the players are not worried, after all they are all on mega bucks, however, what about the cleaner, groundstaff, bar persons etc - worrying times ahead for these poor guys.
9

,

23/09/2008 12:03:17
Comment Removed By Administrator
Reason:
10

Hibs fc - Dublin,

23/09/2008 12:05:39
Sorry lads no wages this week, we owe the bankers 30 million,
think we are going to sink boys,
11

Echo Beach,

23/09/2008 12:07:47
#4 I do notice that all the jambos are carefully not mentioning that the profit rose by 40% mainly because they sold off three subsidiaries to boost liquidity. 27M profit made from those sales is actually how the 'profit' rose so much.

Is it not more of a worry that they are selling assets at the moment?

I couldn't actually care less and I don't think there will be a problem but at least quote all the relevant facts
12

Who?,

23/09/2008 12:09:15
A non story that runs and runs.

It seems that its the usual hobos and biggots that are interested in this as it keept their clubs bad news out of the press.

Sellic- two dives, two penalties on sunday. Thats four games this season that referees have helped you out. If you keep this up then you may win the league again!

Rangers- £50m overdraft with HBOS on top of a £25m debt and £50m owed to murrays other companies. Murrays companies are also in a healthy debt to HBOS so something has to give.

Hobos- Nobody really cares, nobody ever has and nobody ever will.
13

John McCain's Frozen Chips,

Glasgow 23/09/2008 12:09:51
Last month Standard & Poor, the world authority on bank credit ratings, reduced the rating for Ukio Bankas from "Stable" to "Poor".
This was due to the amount of "high-risk loans" it had taken on in the past year.
This month the Baltic Times reported that the Lithuanian economy was in a "tailspin", with house prices crashing.
I really do admire the amount of trust that so many Hearts fans have in Romanov, who has removed every vestige of independent overview from the Tynecastle boardroom and sent the club's debt soaring.
Hearts fans do not have a clue how much is being paid by the club to Ukio Bankas or its network of offshore companies, nor which of these companies actually owns its own property or assets.
But, as with Gretna last year, unpaid wages (from a bank, no less!) are often the first sign of a terminal cash-flow crisis.
It's looking bad, Jambos. Very bad.
14

The Bee,

23/09/2008 12:14:27
Booooooring. A non-story. Who cares? The EN is getting desperate if this is the best they can come up with.
15

,

23/09/2008 12:19:28
Comment Removed By Administrator
Reason:
16

Robbo1980,

23/09/2008 12:19:56
#16

What a sad wee individual you are. Away and have a wash
17

Hibs fc - Dublin,

23/09/2008 12:20:58
This is like the old Hughie Green prog,
Do you wanna double your money..

Then came the gong..
18

Iggle Piggle's Paranoid Hibbie Friend,

In the night garden 23/09/2008 12:21:07
Have I missed something? I though the technical hitch meant that the money would be paid at the start of the week............... now it is the end of the week. Have they no found out the technical hitch, or is it technical hitch a la Lehman Bros and Gretna???

I am sorry but if the likes of Lehman, HBoS, etc can go pear shape, why would anyone ever think that the likes of UBIG could be safe? Only a YAM!

Tick Tock
19

Who?,

23/09/2008 12:21:25
#18 - strange that both naka and maloney both dived and got penalties on sunday? Mccurry works for the gfa so he will always do favour for the OF. Trying to pretend differently make you look a fool.

Eddie Smith's penalty decison against st mirre?

Charlie Richmond against Dundee Utd- how many handballs and fouls in the box can one team get away with in a season let alone 45 minutes?

Or McManus punching the ball into the net against Falkirk yet the referee nor either linesman saw anything?

20

HHJAMBO,

edinburgh 23/09/2008 12:23:19
This is christmas come early for the hobos. They get to talk about their two favourite subjects at the same time. Finance and Hearts. In no particular order.
21

Ayegudyin,

23/09/2008 12:23:40
hahahahahahahahahahahahahahahahahahahahahahahahahahahahaha

16 you've just made my day.

do the Jambos really think that, even when a firm as big as HBOS can suffer unexpected disaster, yous are all safe?

Believe.
22

Robbo1980,

23/09/2008 12:23:49
#19

What speculation?
23

Ganjass,

23/09/2008 12:23:54
#16

I concur,it wont be long til the Gorgie "Stars" are doing donkey rides for pound and are the target for 50p a wet sponge contests....

Oh it's looking shaky down at the farm, when a bank the size of HBOS goes south, it's time to start worrying about the asset stripping and missed payments from a bank that has been downgraded, and the best of it is he's grabbed the club lock and stock and nobody had the intelligence to see what was happening.

Still that new £2bn stand will sort it all out, it's going to be mega :-)
24

LyonHearts,

le teil 23/09/2008 12:24:47
What is a journalist job? To write about what's happening! And if there's nothing happening then they should invent stuff to make it look like something is happening!

It is a bit of a worry given that bigger and old established names - like Lehman Bors - have gone to the wall, but we had loads of unpaid bills stories last year about money owed for Belija and god knows who else! So personally I take much of what the EN says with a pinch of salt!

It would be nice to see Tullberg in action, but I think it would be better to wait till he's fully fit! I think we should keep our feet on the ground regardless of the stories in the press or results on the field!

MON THE HEARTS
25

Robbo1980,

23/09/2008 12:26:46
#16

I like as soon as you quote Standard and Poor - the world authority...and everyone is hooked.

Brilliant piece of rubbish.

26

hibbydoug,

edinburgh 23/09/2008 12:27:02
Now you must admit this gives us Hibbies an awfull lot of ammo to fire at you , what if Rodders did the same to the Hibs players?, you lot would be swarming over this site with doom and gloom scenarios.


27

Robbo1980,

23/09/2008 12:27:25
#28

LDH
28

JamboJohnny,

23/09/2008 12:28:05
I see all the Hobo Accountants have crawled out the woodwork.

Cretins, get back in yer cage
29

John McCain's Frozen Chips,

Glasgow 23/09/2008 12:29:06
Robbo,

Don't shoot the messenger. Read the facts and form an informed opinion.
Is there a global credit crunch (meaning banks can't borrow)? Are some of the smaller ones going to the wall?
Are there signs (credit rating downgarded, subsidiaries slashing capital and jobs) that suggest Ukio is in trouble?
And now no wages.
Don't worry about my personal hygiene, worry about your club.
Start asking the questions that should have been asked two years ago.
Such as: Which company actually owns Tynecastle and its surrounding land if Hearts are put into liquidation?
I'd be willing to bet big bucks that it's been signed over to an offshore UBIG subsidiary as a "loan guarantee".
And it's appearing increasingly likely that we'll all find out the truth pretty soon . . .
30

Robbo1980,

23/09/2008 12:29:59
#31

Na cos we talk about OUR club on these forums. You should try itsometime. Mibby get rid of that bitterness a wee bit.
31

Palermo,

23/09/2008 12:30:10
I just heard a big fat lady clearing her throat and practising her arpeggios...
32

VictorianGorgie,

23/09/2008 12:31:07
if there was a severe cash crisis at hearts (there isn't), the sensible thing to do would be to ride out the crisis until january and then sell off a few players to improve the situation.

no?

if there is this huge financial problem then we'll all soon know if a fire sale is opened up in january.

then again..... folk might just be spouting garbage as usual, innit?

next.

33

Iggle Piggle's Paranoid Hibbie Friend,

23/09/2008 12:31:33
#33

Ok Mr JJ what's your spin on this? It doesn't take an accountant to smell something fishy here. Surely you are a wee bit concerned? Or does spitting oot the dummy on here make you feel better?
34

Hobo Harry,

23/09/2008 12:31:58
33 JamboJohnny, Being forever willing to hear an opposing point of view, explain to me the positives in all this for Hearts
35

Hobo Harry,

23/09/2008 12:33:58
35 Robbo1980, Aye you're right, you never see Jambos on Hibs forum........

Arf arf arf
36

The Hon. Liam Fairtod,

23/09/2008 12:34:19
#16 - a question.
You state that the S&P rating of Ukio Bankas has been downgraded. Why then does the ukio webiste state:

"The international rating agency Standard & Poor’s confirmed ratings previously assigned to Ukio bankas. The ratings assigned to Ukio bankas have not changed: the Bank was assigned positive ‘BB’ long-term and ‘B’ short-term counterparty credit ratings. The outlook of Ukio bankas rating change was changed from stable to negative.

The change of Standard & Poor’s rating outlook was preconditioned by the country’s general macroeconomic situation and the Bank’s growth. The Agency has positively evaluated the Bank’s capitalisation and growing assets, which amounted to LTL 4.51 billion at the end of the year, as well as the market share it takes (7.6 percent). The Agency also emphasised a positive effect of the real estate transaction in Moscow.

“Ukio bankas lending policy is based on the principles of conservatism. The Bank continues planning the actions of its development and intends to strengthen the base of its statutory capital. We plan to further be active in creating new banking products that meet the conditions of the financial market as well as the needs of our clients,” Edita Karpaviciene, chairwoman of Ukio bankas Board, said.

During the 1st half-year of 2008 Ukio bankas earned LTL 50.6 million in net unaudited profit, i. e. 1.6 percent more when compared to the same period of 2007 (LTL 49.8 million).

During the 1st half-year of 2008 Ukio bankas assets grew by LTL 205 million, showing a 5 percent increase, and at the end of the half-year totalled LTL 4.22 billion. During six months of 2008 the Bank’s deposit and LC portfolio increased 7 percent from LTL 2.73 billion to LTL 2.94 billion, and the Bank’s loan portfolio in the net value jumped 13 percent from LTL 2.36 billion to LTL 2.68 billion during the first six months of 2008. The number of the Bank’s active clients grew by 10.9 thousand, i. e. 9 percent, during the first six
37

These Colours don't run,

23/09/2008 12:34:33
It doesn't seem that long ago you were all on here slagging Hibs off for not paying players "decent" money, but at least we actually paid them!!

#30 Standard and Poor are an authority on this, but I suppose all the Jambo plums know better.

Just admit it, your bums are squeaking a weeee bit!!

38

LyonHearts,

le teil 23/09/2008 12:34:38
#28 I think we all had "the intelligence" to see what was going on!

We were just about - to have to - sell our spiritual home to Tescos or property developers and rent out Murrayfield - where we would have been playing in a cavernous atmosphere in front of 10,000 fans watching the likes of Neil McFarlane and Denis Wyness!

Instead we chose Vlad and we stayed at our atmospheric home ground in front of sell-out 17,500 crowds every week watching the likes of Hartley, Skacel and Bednar! Oh and we also won the Scottish Cup - only our second trophy in 40 years and made the CL qualifiers for the first time ever - oh and we've also seen a steady supply of exciting talent come - and go it has to be said - to the club! Skacel, Bednar, Brellier, Tall, Kingston...etc, etc!

I think despite all Vlad's faults that most people would prefer scenario 2 to scenario 1 ! So why don't all you moaning non- Jambos get back off to your own boards!

MON THE HEARTS
39

The Hon. Liam Fairtod,

23/09/2008 12:34:45
months of 2008"

I'm no financial wizard like yourself. But I thought there was a difference between "being reduced" and "staying the same".
Equally there's a difference between changing the outlook based on "high risk loans" and "general macroeconomic conditions". Again, I await your clarification. You may have to keep it simple for this layman though!
40

Iggle Piggle's Paranoid Hibbie Friend,

23/09/2008 12:36:07
#37

If there isn't a cash crisis at Tynie, then you have nothing to worry about. I am pleased you are so confident.

Just wondered who you have left to sell in the fire sale in January if the worst happens. That is a lot of debt to reduce.

Incidentally if there is a problem, I cannae see you lasting till January. Hope I am wrong as I am looking forward to New Year Derby at ER for a change.
41

JamboJohnny,

23/09/2008 12:36:43
#39, where is the new Hobo cattle shed?

Arf Arf Arf.

Forever in our shadow!
42

Johnny Jambo,

23/09/2008 12:37:43
Hey #7 its amazing how the poster you slagged off got the answer he was looking for though??
43

Jambo83,

West Lothian 23/09/2008 12:38:05
#5 & 6

It was actually Branimir Kostadinov who we beat Celtic to sign.

Dumitru Copil was wanted by Liverpool if I remember correctly.

Both play in the reserves, Copil has been told to improve his attitude if he wants his contract extended. Of the two, I think Kostadinov is closer to playing in the first team squad, but there are others in the queue before him, mainly Scottish lads like Glen, Templeton, Wallace.
44

Lenny,

23/09/2008 12:38:19
Nice to be reading from the Jambos that this is of course a non-story. No one can answer exactly what the technical problem is however.

Now can you imagine the comments that the usual Jambo folks would be writing had it been Hibs who failed to pay their players....
45

Robbo1980,

23/09/2008 12:38:32
#34

Again you have out done yourself. Because you have simply added more paragraphs than me and repeated what you said in #16. Excellent.

I'm sure Hearts are the only club ever to have been in this situation before and I am very depressed. anterg

Is that response satisfactory?

I just like it when some people come on here (and it's quite a lot of people) and seem to care more about what's going on at Hearts than Hearts fans.

Quite sad.... and wait for it.......in my opinion.:o)
46

hibbydoug,

edinburgh 23/09/2008 12:38:55
We are what..week 5 of the season-where has all the season ticket money gone?.
47

VictorianGorgie,

23/09/2008 12:39:29
#46, well that's just silly (what else is new?).

hearts have quite a few valuable players, kingston, berra, driver, stewart, jonsson and some others.

if there was a severe problem, enough cash could be loaned to cover wages and other costs until such time as the club can realise assets.

if there's a fire sale in january... signs of a problem.

no fire sale?... time to belt up for more than a few chancers.

48

Noods,

23/09/2008 12:40:26
#16 Weegie Plank

Hearts fans do not have a clue how much is being paid by the club to Ukio Bankas or its network of offshore companies, nor which of these companies actually owns its own property or assets.
It's looking bad, Jambos. Very bad.


You are right, and neither do you, so how exactly is it looking bad?
49

Johnny Jambo,

23/09/2008 12:40:31
I will say it again, why should Hearts inform the media about the Hitch or what caused it. They have informed their employees and they appear satisfied.

This kind of thing happens in business every week so what is unusual here?

End of story is it not.
50

Robbo1980,

23/09/2008 12:42:19
#43

Again - where is the speculation?
51

Johnny Jambo,

23/09/2008 12:42:45
#50 Hi Lenny how are you.

It is a non story and it would be the same if it was a Hibs story, although you are right there are some who make a meal of it either way.
52

John McCain's Frozen Chips,

Glasgow 23/09/2008 12:42:52
The Standard & Poor ratings are crystal clear. Rating reduced from Stable to Poor.
Something that Ukio's website tried its best to conceal, but the truth is in there, too.
Meanwhile, here's another wee snippet, this time from BusinessWeek magazine, dated September 9:

After initially bucking the global slowdown, Estonia, Latvia, and Lithuania are now in a tailspin, with plunging house prices and much slower economic growth.
That's raising fears for banks heavily exposed to the Baltics.

(Worried yet, Robbo?)


53

Jambo83,

West Lothian 23/09/2008 12:43:25
#46 "Just wondered who you have left to sell in the fire sale in January if the worst happens. That is a lot of debt to reduce"

What? Other than Berra, Driver, Kingston, Stewart, Jonsson, Nade you mean?? And before you start slaggin these players, 5 out of 6 them have been looked at by Premiership / Championship clubs within the last year, but hey, don't let that get in the way of your "They're p!sh likes eh" or "Couldnae lace Deek's boots ken"

Who do YOU have that is worth any £££ in the transfer market other than Fletcher??

Some of you Hibbies are unbelievable!!
54

LyonHearts,

le teil 23/09/2008 12:43:27
#49 Glen and Wallace are already in the 1st team squad and aren't fighting for the same positions either!

I'm sure it was Celtic that were after Copil and he chose us instead because he had more chance of breaking through! Don't know anything about Liverpool!

Honestly what is it about these youngsters that they can't see a golden opportunity when they have it! If stories are to be believed and Copil is not giving 100% then it's surely a waste of talent and opportunity! He only need to appl himself a bit in the reserves to put himself in a decent sized shop window ie; the Hearts 1st team and the SPL!

If he bangs in a few goals or some good performances then his name will be known by every talent scout in Europe!

Get the finger out wee man!

MON THE HEARTS
55

Robbo1980,

23/09/2008 12:43:50
#40

Did I say that?
56

hibbydoug,

edinburgh 23/09/2008 12:45:43
Was it not like this at Gretna last year? first the players union get involved then the SPL -this could be the end game guys..Sstill if all 400.000 of you have a whip round you could keep Nade in pies for a week.
57

Addie,

23/09/2008 12:45:59
#44 Er dude, I admire your optimism in Vlad but you have to admit he is a nutter!

And we won the Scottish cup in 98 too my friend, dont forget that. That was against who again Pundiddy?
58

Lenny,

23/09/2008 12:46:13
JJ

Im good thanks, and you? Yeah that is pretty much the way I see it too. I can absolutely guarantee that if this was Hibs then many of the Jambos moaning about the comments would be lapping it up.

FWIW. Iv no doubt that it will be paid but it has taken FAR too long. If there was a technical glitch then it should have been sorted out and settled by Monday. Paying suppliers late is one thing but players is just all wrong.
59

These Colours don't run,

23/09/2008 12:47:08
#44 Unfortunately for you Scenario 2 could end up as Scenario 1.
I honestly hope not, as I will miss the Derby, but the non payment of wages started as a technical hitch and was to be resolved at the beginning of the week. It has now turned into "you'll get both weeks together on Friday".
Take a step back and look at this, if you were working for any bank or any business that relied on a banks funding at this time, you would start to get a bit unsure of what is going on. If this translates through to the markets then the general uneasiness starts to grow and confidence is undermined leading to events not worth thinking about.
I think it is time that HMFC came out and clarified what the "hitch" was and why it has taken so long to resolve.
60

Edinburghs Finest,

23/09/2008 12:48:31
ha ha yet another chapter in the history of Jongleurs FC.... You will get your Money on Monday...no no make that Tuesday... in fact we will just give you double wages on Friday... ha ha ha..oh ma sides....!
61

VictorianGorgie,

23/09/2008 12:48:58
notice how the hobos with a whole heid (lenny, ianbhern & hobo harry etc) haven't been drooling like rabid wolverines about this.

wonder why that is.

62

The Hon. Liam Fairtod,

23/09/2008 12:49:38
#58 So when Ukio state "The ratings assigned to Ukio bankas have not changed"
They're what? Lying?

Maybe you should report them to someone. If you're not too busy trawling through old editions of Businessweek that is.
63

LyonHearts,

le teil 23/09/2008 12:49:53
#64 It was a great win in 98 as it was in 2006! I have no faith in Vlad really! My point was we were stuck between a rock and a hard place - and we chose the hard place!

We got a cup out of it and we're still at Tynie! I don't know much about world financial crisis, but I'd say we are probably better of with the nutter than homeless at Murrayfield!

MON THE HEARTS
64

Ayegudyin,

23/09/2008 12:50:16
i find it amusing that some of you jambos are resorting to an attack on the scotsman for exposing your shambles of a club.

nothing going on??! the story has changed, in quite a discerning way... money was meant to be now, now its end of the week.

so when they write on saturday that the money still hasn't been paid, is that not news either?

get a grip.
65

Robbo1980,

23/09/2008 12:50:43
#42 haha -"#30 Standard and Poor are an authority on this" - bet it was the first time you heard of them mate.

I love it!!
66

Lenny,

23/09/2008 12:51:55
Vic

Its probabaly becouse its so tiresome mate. We have now been waiting for years for you guys to go bust. Its getting beyond a joke now, will you's just die already!!! ; )
67

Addie,

23/09/2008 12:52:00
This is such a non story. Players are paid late, thats life sometimes. They will get paid end of the week and thats that. Job done, lets move on.

Dundee Utd on Saturday! CMON THE JAMBOS.
68

The Hon. Liam Fairtod,

23/09/2008 12:52:54
Oh. And this may seem a tad nitpicky. But it's "Standard & Poor's".
But obviously we all knew that, what with our finger right on the pulse of the financial world and everything.
69

The Barred O' Leith,

23/09/2008 12:53:12
Credit ratings
Ratings assigned to Ukio bankas by the international credit rating agency Moody‘s:

Rating name Rating Date of rating assignment
Long-term counterparty credit rating Ba3 24 02 2007
Short-term counterparty credit rating NP 13 06 2005
Financial strength rating D- 24 02 2007

The outlook of the ratings is stable.

Ratings assigned to Ukio bankas by the international rating agency Standard&Poors:

Rating name Rating Date of rating assignment
Long-term counterparty credit rating BB 07 09 2007
Short-term counterparty credit rating B 07 09 2007

The outlook of the ratings is negative.


Make of that what you will
70

LyonHearts,

le teil 23/09/2008 12:53:52
Funny how the players are paid weekly! I thought that died out years ago! I remember I was an apprentice and I used to ask my boss for a " sub" mid-week from time to time!

I'm a teacher now and I get paid monthly! With the amount that footballers earn these days you'd think they could last a moth without worrying about their " rock of ages"

MON THE HEARTS
71

LyonHearts,

le teil 23/09/2008 12:54:26
month - sorry
72

Swordsman,

Dublin 23/09/2008 12:54:39
BBBOOOOOMMMMMMMMM! Whit wiz that ? Wiz it the wan o cloak gun or UKIO goin intae melt doon?
73

Robbo1980,

23/09/2008 12:54:47
#58

No not really? You? Have you got a Lithuanian bank account or a House in Estonia?

:o)
74

Roscoe P Coltrane,

23/09/2008 12:55:01
58 - is this the same S&P who rated all the collateralised US sub-prime mortgages as completely safe? They've got all the integrity of a paper bridge in Scotland.

Oh and Bradford & Bingley were reduced to one step above junk bonds/mezzanine finance last week and they're still trading OK.

Note to all - if you don't know what you're talking about, don't talk about it, you just look silly.
75

Addie,

23/09/2008 12:55:03
Its amazing how many people on this thread know so much about business and finance!
76

gorgeousgorgieboy,

Edinburgh 23/09/2008 12:56:31
Posted on independent financial site 10th September 2008.==

"Ukio bankas reports 8-months net profit of LTL 85.8 million
During eight months this year Ukio bankas earned LTL 85.8 million net unaudited profit which exceeds the profit earned during the same period in 2007 (LTL 61.3 million) by 39.9 percent."

Posted on independent financial site 10th September 2008.

77

LyonHearts,

le teil 23/09/2008 12:57:19
#83 aye and nothing about fitba it would seem!
78

Eighteen Seventy-Four,

23/09/2008 12:58:06


Shock, the hiding hobonomists are out in force today and again are surprisingly authorities on the Baltic financial markets.

Cant believe the little leithers have yet to advise a resuce plan to stop this current widespread economic harm. Surely later today it will appear in one of these posts.
79

Ayegudyin,

23/09/2008 12:58:52
83 - its amazing the jambos think it doesnt matter!
80

Addie,

23/09/2008 12:58:55
#76 Hobo ratings.

Scottish Cups 0000000000000 in last 107 years
Below Hearts in the league
Ratboy is back in Leith
Punt the ba fitba

The forecast is negative.

Make of thast what you will.
81

Vincent Vega,

23/09/2008 12:58:55
Seemingly the contract cleaners at Tynecastle walked out at the weekend as they have not been paid in over 6 weeks (the contractors I mean, not the cleaners), office staff have been drafted in to do the cleaning, something they are none too happy about!

Source? One of said office workers.

This may be a non-story, but after hearing this news as well as one or two other things (from the same source) which I wont repeat, I can see trouble close on the horizon.
82

Robbo1980,

23/09/2008 12:59:03
#80

LDH
83

Jambo83,

West Lothian 23/09/2008 12:59:04
#60 I was referring to Ryan Wallace, not Lee Wallace.

He made a subsitute appearance against Airdrie if I remember correctly.

P.S Celtic were definitely after Kostadinov as Stilian Petrov phoned him personally and tried to get him to sign for Celtic but he had already agreed to come to Hearts after being shown round Riccarton.
84

VictorianGorgie,

23/09/2008 12:59:37
#73 lenny, indeed bud. we are like lazarus. we keep hearing we are minutes from death only to escape.

we'll never die, i hope.

85

The Hon. Liam Fairtod,

23/09/2008 13:00:27
#77 As I said at 75, "Standard & Poor's".
I just worry that you lose much of your credibility if you're putting most of your store in the views of a single company, then can't get their name right. It suggests you're regurgitating some halfbaked ideas you've stolen from a loud but ill-formed third party, rather than forming your own views based on the available information.
Which I'm quite sure you're not.
86

Robbo1980,

23/09/2008 13:01:19
#89

Just when I thought things couldn't get worse...we sack our best cleaners! How the hell are we going to win a game when we have a dirty stadium!
87

Ayegudyin,

23/09/2008 13:01:59
we hobos like to take a morbid interest in anything which spells the end of the scum. we should look to building a bigger stand, looks like there will be a lot of teamless football fans in edinburgh soon!

naaahh... we dont want yis.
88

Addie,

23/09/2008 13:02:17
This sort of financial trouble would worry fans of wee clubs like Hibs and Spartans but not huge footballing institutions like Heart of Midlothian. Dont worry Hobos everything will be fine for us.
89

LyonHearts,

le teil 23/09/2008 13:03:05
#91 No problem! I'm sure you reaserched better than I did! I just seem to remember something about Copil and Celtic that's all!

Anyway let's hope both young lads get the finger out and break into the 1st team this season - or maybe next!

MON THE HEARTS
90

LyonHearts,

le teil 23/09/2008 13:03:18
#91 No problem! I'm sure you reaserched better than I did! I just seem to remember something about Copil and Celtic that's all!

Anyway let's hope both young lads get the finger out and break into the 1st team this season - or maybe next!

MON THE HEARTS
91

Swordsman,

Dublin 23/09/2008 13:03:40
Robbo, LDH? Please clarify..
92

LyonHearts,

le teil 23/09/2008 13:04:03
#91 No problem! I'm sure you reaserched better than I did! I just seem to remember something about Copil and Celtic that's all!

Anyway let's hope both young lads get the finger out and break into the 1st team this season - or maybe next!

MON THE HEARTS
93

Ayegudyin,

23/09/2008 13:04:12
94 robbo

how the hell can you not pay your cleaners for 6 weeks, yet thik that a few hundred thousand will be paid into the bank accounts of your players?
94

VictorianGorgie,

23/09/2008 13:04:31
#95, i wouldn't support your lot if i was being threatened with having ma jacobs crackers burned off with an oxy-acetylene torch.

i would rather be cracker-less.

95

Addie,

23/09/2008 13:04:33
#97 Celtic did want Copil.
96

Robbo1980,

23/09/2008 13:05:35
#99

Not like your good self to reply.

Love Don't Hate
97

Hibernianinc,

23/09/2008 13:05:35
Can any herts fans confirm or deny the rumours flying about that the contract cleaners walked out end of last week, following non-payment, while the various "landladys" housing the youth squad are behind in receiving 2 months payment?
98

Salvatori,

23/09/2008 13:07:14
Oh no the contract cleaners walked out!

Damn wee Aggie was to play the lone striker role at the weekend.
99

hibbydoug,

edinburgh 23/09/2008 13:07:16
The contract cleaners walked out as they have not been paid for six weeks-this from a jambo, also the landladies who look after the under 19s and who have board and lodgings with them have not been paid for two months.
100

Silence of the Yams,

23/09/2008 13:07:40
Do Hertz still sing My Way? lol!

"And now the end is near...!!! lol!!!"


Don't say you weren't warned Yams, Gretna part 2!
101

Swordsman,

Dublin 23/09/2008 13:08:15
Robbo...No agenda but a wee bit of the oul Craic...As a Hoops fan I've been to the brink of the Abyss in the early 90s so wouldnt wish that on anyone...but there are comedic possibilities here,you must admit....;@)
102

East at Easter,

Edinburgh 23/09/2008 13:08:21
and i could have sworn i read quotes in a Saturday newspaper stating their cash would be in their banks on Monday......

Yams circus rumbles on (BORING)
103

LionheartFodithman,

23/09/2008 13:08:24
No cleaners.
More terrific news.
No one will have chucked oot my coat.
104

VictorianGorgie,

23/09/2008 13:08:25
make the landladies earn their money by doing the cleaning.

105

Hibernianinc,

23/09/2008 13:08:50
Ignore #105

See #88 - beat me too it.

Make sure you clear your stadium up for us coming 3 Jan, you know we're used to the finer things in life.

If you're still here. that is. ;-)

106

VictorianGorgie,

23/09/2008 13:08:54
#111 LF. PMSL.

107

Robbo1980,

23/09/2008 13:09:02
#101

hahahahahahahaha!!! I've been doing a lot of thinking and I haven't realised!! I must be a Schizo. Might have to start using different user names to support all my personailities like Serg.
108

Salvatori,

23/09/2008 13:10:23
Who's going to play sweeper now?
109

The Barred O' Leith,

23/09/2008 13:10:31
88. They laughed at Noah when he built the Ark.
Make of that what you will.
110

Salvatori,

23/09/2008 13:12:13
117 - Aye but Noah didn't actually exist.
111

Robbo1980,

23/09/2008 13:12:52
#113 :o)

You's still p!sh in a gutter in one of your stands?
112

Addie,

23/09/2008 13:12:58
I laughed at Hibs when they got Mixu in as manager.

Make of that of what you will.
113

i wanna be like John Colquhoun,

23/09/2008 13:13:06
tommytommy and others.....why should hearts answer to the media?...because YOU want to know what the technical hitch is? well im afraid thats not a valid enough reason!! everyone wants to know the ins and outs and everything that happens at hearts but this doesnt happen in any other team so why hearts?

hearts dont have to announce what the hitch was...and shouldnt as it is an internal matter and not really any of our business. the fact that this story has now appeared about five times in two days yet the players are still unfazed makes me think it is a bit of a mountain out of a molehill.
114

Swordsman,

Dublin 23/09/2008 13:14:01
111 Was it an Astrakhan Coat? brobably robbed by the Board as collateral...As The sage in Boney M once said "OOOOooh!Those Russians!"
115

Robbo1980,

23/09/2008 13:14:43
#116

I'm more worried about our clearances in the box
116

Johnny Jambo,

23/09/2008 13:15:58
#65 Lenny - yes I agree that it is taking too long but as you say it will be paid.

But again I think its a non story and the players seem to be OK with the explanation they have been given.

If it start to happen more then I would be worried.
117

Salvatori,

23/09/2008 13:16:31
123 - I'm more worried that the toilets in the Old Stand won't be up to their usual hygenic standards.
118

Swordsman,

Dublin 23/09/2008 13:18:39
Song moment...Gerry Rafferty.."Can I have my money back?"
119

Robbo1980,

23/09/2008 13:20:59
#125

They are shockers eh? 1 pan for 1000 people!
120

scorchio,

West of the Pecos 23/09/2008 13:21:10
I suppose there will be the odd lunatic that actually thinks that there's a financial crisis at HMFC.
One of them has already posted nonsense about laandlady's and cleaners getting shafted.
The facts are simply that romanov's methods are pretty bizzare, and his accounting structure is not wwhat it should be.
I can see Hibs players getting into a right frenzy if their dosh was not forthcoming on time, after all they earn peanuts, but the players who wear the maroon and white, are finacially less vulnerable.
"Loads o' money"!
121

Hibernianinc,

23/09/2008 13:22:11
#119

Yes indeed.

A fully functional facility, for p1ssing.

However, this must be more than at swiney, as I've heard you don't even have a pot, let alone a gutter.

This will be a real challenge to all us Hibbies, considering all the laughing we'll be doing at your team that afternoon.
122

The Hon. Liam Fairtod,

23/09/2008 13:23:24
#121 "why should hearts answer to the media?...because YOU want to know what the technical hitch is? well im afraid thats not a valid enough reason!!"

And I want to know why Angelina Jolie won't go out with me!
I mean, I've never actually asked her, and she doesn't know who I am. But I've mentioned it several times on the internet. And still nothing!

Come on Angelina! I deserve to know the truth. Unless you're actually dead and keeping it a secret...?
From now on, I won't believe that Angelina Jolie is alive. Until she tells me why she won't go out with me.
End of.
123

Swordsman,

Dublin 23/09/2008 13:24:02
Funny that the Jambos are going on about the sanitary arrangements at ER when they obviously dont have a pot to p1sh in themselves....
124

Jamboy,,

Edinburgh 23/09/2008 13:24:37
Frightening... Noah, that's the precedent offered up by the Hobos as a yard stick for Hearts being late in paying wages?

C'mon guys this is getting a little ridiculous is it not... Although i am a bit p155ed off that Vlad/UBIG continue to serve this annoying and petulent way of running things up on a plate for every Tom, DICK and Hobo to dribble half-4ssed pash about every week or two... It's getting tedious now.

Regarding the ark... Where did Noah keep all the fresh water fish on the ark? must have been one hell of an aquarium. Check out this link for some other Noah's ark jibes and a right good laugh at religion in general...

http://www.abarnett.demon.co.uk/atheism/noahs_ark.html

Seriously check it out is actually quite funny...
125

hibbydoug,

edinburgh 23/09/2008 13:25:47
#128 So there is no crisis at HMFC !!!! all the signs are pointing to a Ubig crisis at Tynie, i think we are seeing the end game being played here...oh what joy !!.
126

VictorianGorgie,

23/09/2008 13:28:12
fact.

the reason rob jones is here is 'cos, in biblical times, noah had a wee sly affair with one of the giraffes on the ark.

couple of thousand years later.... rob jones.

it's a FACT ah tell ye.

127

hibbydoug,

edinburgh 23/09/2008 13:29:59
Victor..get back and take your mrdicine
128

Salvatori,

23/09/2008 13:30:01
133 - I think you're wrong. Check back next week and the club will still be there and then your ridiculous theories will be just that ... ridiculous.

Afterall, shouldn't Tynie be a Tescos / flats right now?
129

John McCain's Frozen Chips,

Glasgow 23/09/2008 13:30:47
Ukio's OWN statement said: "The outlook of Ukio bankas rating change was changed from stable to negative."

Scorchio said: The facts are simply that romanov's methods are pretty bizzare, and his accounting structure is not wwhat it should be."

And you wonder why his bank is in BIG trouble?

Honestly, the level of self-delusion on here is frightening.
Put all the childish name-calling aside and face the facts.
The writing is on the wall in capital letters:
HEARTS ARE BROKE!

130

Maroon tinted glasses,

23/09/2008 13:32:56
EVERY football club who owe money to the banks must be a bit worried at the moment, just look at rankers they owe a bucket load to HBOS!! what would happen if they (or the new owners) decided that they wanted all the cash back asap.

Tommy Tommy, You are still a complete BAWBA6, you spent months going on about arbroath's cash and when that was sorted you dissappeared with your tail between your legs. BUT your type always floats back to the surface eventually and TA DA here you are spouting on again about financial irregularities. GET A LIFE.

Oh care to comment about arbroath again!!

HMFC do not have to comment on any of the media stories just like ginger pubes at darkheid wont say exactly what happend with mcgreedy or the tache wont comment as to the real reason collins left!

FWIW hoobs dont have the finances in place for the new stand and in todays current financial climate WHO will lend them the money.
131

These Colours don't run,

23/09/2008 13:34:24
#134 Fact.

The reason you are here is that your mother had a fling with her brother.....few decades later..Victor Ian.
This will help explain your webbed feet and your ability to play the banjo from birth!!

It's a fact a tell ye!!
132

huggs,

23/09/2008 13:35:25
133 You are a tw@t
Wanting Hearts to finish as thats the only way you could finish above us twice
This is a non Story and should not even be in the papers once never mind all week the EEN are a disgrace with nothing else to write about
133

Gorgie's Finest,

23/09/2008 13:35:47
Gid afty guys, not going to read all the comments i dont need to there all the same bull from the hoboeconomists and morons like tommyt1t.

#134 Vic

I have left a pm for you on the site m8. have a read of it. and pass it on to others like LF etc
134

Edinburghs Finest,

23/09/2008 13:36:23
#102 Viccy wrote "#95, i wouldn't support your lot if i was being threatened with having ma jacobs crackers burned off with an oxy-acetylene torch.

i would rather be cracker-less.
"

Hardly surprising as you only support your current team part time!
135

BABYLOU,

23/09/2008 13:37:08
I like to think of myself as a level headed hearts fan and this story does worry me.

Hearts are pretty much owned by a bank, and not the most stable of banks at that, so it is worrying when you see the so called "big banks" struggle and fold. I am not financially minded, but I am taking hope from the fact that Ukio has announced 40% profits - surely a positive in the current financial climate.

I live in hope that this is just a "technical glitch" but my head is not buried in the sand and I for one will be very worried if the players have not been paid come Friday.

136

Jamboy,,

Edinburgh 23/09/2008 13:37:12
#138

Oh come on, sticklebrick prices have been largely uneffected by the credit crunch... Even your average Hobo (Has there ever been another kind?) can afford to buy a sticklebrick... Can't they?
137

hibbydoug,

edinburgh 23/09/2008 13:38:07
# 138 you can have a go at us by all means about our stand but where does this leave you lot with the pie in the sky development ?, 58 millions at last years prices to replace the shack.when you can't even pay the cleaners !!!!.you lot must be on something.
138

scorchio,

West of the Pecos 23/09/2008 13:38:42
#137 No one doubts that finacial institutions around the planet have been taking a hit, but to suggest HMFC are "broke", because of an accounting error/lapse beggars belief.
Tell me then #137 When will HMFC go to the wall?
139

Salvatori,

23/09/2008 13:42:00
144 - You're right they can afford a sticklebrick. Much cheaper than an ordinary hairbrush.
140

Maroon tinted glasses,

23/09/2008 13:43:39
#144

ah yes BUT the planning runs out in feb 2010 and i for one cant see that happening either, the tache cant start it this season due to the ST's already being sold and can you honestly see him wanting to reduce the allocation for 09/10 so this then means he has the 2 1/2 months closed season to get it built. THAT WILL BE SOME STAND!!
141

The Hon. Liam Fairtod,

23/09/2008 13:44:37
#137 "HEARTS ARE BROKE!"
And Angelina Jolie is dead!
142

Salvatori,

23/09/2008 13:45:05
148 -That would be the "one night stand" then MTG. Something which John Leslie is quite familiar with I believe.
143

Jamboy,,

Edinburgh 23/09/2008 13:47:12
#148

Fair play... He may have to go for the cheaper and quicker option of Duplo blocks but it might look a bit silly with three made from sticklebricks and one made of duplo.
144

Edinburghs Finest,

23/09/2008 13:47:46
#148.. Keep grasping at those straws boys....
145

John McCain's Frozen Chips,

Glasgow 23/09/2008 13:49:16
Got to go to work, lads, which is actually a relief as the company I previously worked for went into liquidation three weeks ago.
It wasn't nice but, in retrospect, the signs were all there for weeks beforehand.
So don't kid yourself. What kind of bank has a "glitch" that means it can't pay its own employees?
Anyway, I'll leave you kids to it. But just a wee something to cheer you all up:
Rangers might not be far behind.
Murray International Holdings owe a massive amount to HBOS, who need the cash now . . .
Just as all the MIH investments in commercial property are at their lowest ebb.
My tip to the Jambos: Get your liquidation out of the road sharpish, then by January you can get Ibrox for a knock-down price.
Have a nice day, y'all!
146

Maroon tinted glasses,

23/09/2008 13:49:19
They could call it "THE NOU TRAMP" stadium or even "THE METHADOME"
147

These Colours don't run,

23/09/2008 13:50:08
#148 The season ticket holders have been told they may have to move into the Dunbar end if building work starts before the season ends (which won't happen anyway!).
148

Maroon tinted glasses,

23/09/2008 13:51:48
or they could even name it after ratboy and call it "THE SAUGHTON BOUND" stadium
149

Jamboy,,

Edinburgh 23/09/2008 13:53:38
#155

Hibs could always move to Dunbar it'self and then they could support the small team in another town and look on enviously at their big neighbours and hope they go out of business in a vain attempt to look good in their absence.
150

hibbydoug,

edinburgh 23/09/2008 13:53:38
Canny wait to see the yams running out onto Saughton enclosure against stenhousmuir
151

Jamboy,,

Edinburgh 23/09/2008 13:54:42
Vic,

Could you forward that private mail to me on TOTT site please. cheers mate.
152

Roscoe P Coltrane,

23/09/2008 13:55:04
Ah, it's great to see some of the old-school morons on here today, I thought some of them were dead.

TIMMY!!!!!!!!!!!!!!
153

Jamboy,,

Edinburgh 23/09/2008 13:55:40
#158

We'd probably still be better odds on winning the Scottish Cup.
154

Maroon tinted glasses,

23/09/2008 13:56:07
158, Maybe but that would still make your hoobs the 4th biggest club in Edinburgh.
155

DubIinHibs,

23/09/2008 13:59:09
cannot believe the attitude of the hearts fans......you are obviously in deep keech......cannot afford the over inflated wage bill......

how long will players play for no money?
hearts have no money
no decent players....awright a couple,
no stadium redevolpment that you were promised
A manager who by all accounts is a bam
god knows how many millions in debt (safe to say at least 25m)
Owned by a bank in the most uncertain of times the financial industry has known.

Yet you want to slag the hibs manager
you say the hibs stadium is poor????

Are you all mental??? this has Gretna written all over it! Just hold out till the derby has been done and dusted it may be our last game against you lot.
156

Mooncat,

Sverige 23/09/2008 14:01:27
I think all of Scottish football should HOPE this is a non-story, not the beginning of a demise of HMFC. For me, I want to think it's an admin error... but common sense tells me otherwise...

www.fitbaw365.com
157

These Colours don't run,

23/09/2008 14:01:43
#162
It is always the little men that go on about size, isn't that right pee wee?
158

Gorgie's Finest,

23/09/2008 14:03:13
#159 Moth

I didnt send the message via TOTT, i sent it on the new site.
159

Lenny,

23/09/2008 14:07:59
I have just heard some interesting things from a Jambo mate. From hearing this, I doubt that this is such a non-story. Wont go into details (as its of course rumour until proven otherwise) but I am hearing that Hearts are due a fair bit of money to various different services. And a bit later than the usual 'late payments'. We shall see soon I guess.
160

BABYLOU,

23/09/2008 14:11:34
Slightly off-topic :

After watching the lunchtime news I have learned that savings held in banks/buliding societies are secure up to £35000. anything more will be lost should said bank/building society got bust.

so where exactly does Mr Petrie, Mr Murray etc etc etc all keep their money???
161

Addie,

23/09/2008 14:13:27
#167 Its true, Hearts owe me for my services as I read their tarot cards every Saturday morning. Me and Bring Them On also get the team their sarnies during the week. Vlad owes me £3.68 and its outstanding for months now. Hearts are on the brink!
162

Addie,

23/09/2008 14:14:08
#168 A swiss bank account perhaps?
163

Jambo-ree,

23/09/2008 14:16:13
#163 Wishful thinking coming to the fore again. In the first place we are not owned by a bank. Ukio Bankas is part of the UBIG consortium as are we and secondly the Council is not due to decide on the planning proposals for the new stand etc until next month. This is already known.

No panic here and looking forward to yet another Derby win in due course
164

VictorianGorgie,

23/09/2008 14:16:19
GF, mothy, et al...

got the PM on the site.... GF would you mind just posting it on to the rest 'cos i couldn't figure out how to forward it on, being a bit techno-mong.

very interesting development.

GF can't put it up here 'cos it would cause a right rumpus.

165

VictorianGorgie,

23/09/2008 14:17:35
#167 lenny, GF has some info he could tell ye in a PM if you ask him nicely.

166

Maroon tinted glasses,

23/09/2008 14:20:19
168, i agree, my wife works for a major bank in the premier accounts dept and all the account holders are going loopy as they need at least £50k to open a premium account yet will only be insured for £35k if it goes t1tsup.
167

BABYLOU,

23/09/2008 14:20:34
#170 and are swiss banks safe from the "credit crunch"

excuse my ignorance, but as I have previously posted I have no great financial knowledge, but would I be right in saying that it is not only Hearts that should be worried about the current financial crisis??? I understand that we are more at risk due to us being owned by a bank however many other football teams owe money to banks or have alot of money tied up in banks. I believe Rangers are in debt (by a lot more than hearts) to HBOS a bank which has already buckled under the "credit crunch"
168

Gorgie's Finest,

23/09/2008 14:21:20
#172 Vic

Ive sent it on to LF via the site as well, I don't think Mothy and Lenny are members on the new site so cant forward it on to them.
169

DubIinHibs,

23/09/2008 14:21:30
Is there anyone who works for hearts that posts on this site?

Groundstaff and clerical, ticket office staff, etc not been paid either, also the printers that print the programmes not paid.....

seems a little dodgy, nae programmes on saturday anyway that is for sure!
170

VictorianGorgie,

23/09/2008 14:23:15
#177 dublin, you're right... no programmes... we're away from home.

171

jmcmil,

23/09/2008 14:24:17
So, Hearts are in danger of having financial problems because of the way they have raised their money are they? Well, they are in good company. Witness the money that we and every other club in the land owes money to someone else. True, Hearts may owe more than many others but we are in the same rocky financial boat. Whether it's £30 million or £1 million, if you don't have it to pay back, you are potentially in trouble in the current climate.

As a Hibernian FC supporter I think I have more reason to be optimistic about finances than a Hearts supporter. For me this is not a time for crowing but for keeping an eye on our own club.

Fingers crossed for all, for the sake of our beloved Scotland team.
172

VictorianGorgie,

23/09/2008 14:24:22
#176 GF, sure? i thought i saw lenny sneak in a membership a while back.
173

Gorgie's Finest,

23/09/2008 14:26:18
#175

"I believe Rangers are in debt (by a lot more than hearts) to HBOS a bank which has already buckled under the "credit crunch"

A point i made the other day, rangers are due HBOS some 50million. If the lloyds takoever goes through or if things get worse they will start recalling loans especially those of that size.

Out of all the SPL clubs i think Hibs are the only ones not heavily indebted to a bank. The other SPL ckubs debt though is held by a 3rd party being the bank, Hearts debt is held by UBIG, Hearts are not owned by UKIO but by UBIG, UKIO is part of that business portfolio. That is not to say if UKIO were in trouble the other businesses wouldnt suffer.
174

Addie,

23/09/2008 14:28:49
GF what site is it you set up?
175

Gorgie's Finest,

23/09/2008 14:31:09
And for those going on and on about "If HBOS can suffer so can UKIO as there a smaller bank"

HBOS
Lloyds
HSBC
RBS

Etc Etc

All got involved in the American sub prime mortgage market. They invested hundreds of millions, This is where the problem has arisen from and is causing the "Credit Crunch" This will of course have knock on effects for everyone, however UKIO were not involved in the sub prime market so therefore are not directly affected in the same way as the "Big Banks"
176

Gorgie's Finest,

23/09/2008 14:33:18
#182 Addie

http://www.edinburghderby.streamlinenettrial.co.uk/html/index.php?name=PNphpBB2&file=index
177

BABYLOU,

23/09/2008 14:35:33
#181
thanks for clearing some of that up.

another question if anyone could help:

Am i right in saying that if Ukio are annoncing profits at this time, then this is a positive and would indicate that they are not in as much trouble as some of the so called "bigger banks"????
178

Lenny,

23/09/2008 14:36:07
# 179

Its a fair point. The financial situation just now is why Hibs wont be building the new stand. No bad move in my eyes. But yes, all clubs will be feeling the pinch, certainly not an time to be gloating.

179

Hibs fc - Dublin,

23/09/2008 14:37:51
The whole workforce cannot stop laughing here,
and theres over 160,

laughing stock.
180

Lenny,

23/09/2008 14:39:46
Vic, cheers mate not a member however so I will leave it. I am guessing he is hearing similar to what I am. Didnt want to go into detail as its rumour and it would only fuel more nonsense on the site.
181

Addie,

23/09/2008 14:42:26
#184 Thanks for that.
182

Jambo-ree,

23/09/2008 14:48:47
#185 - Yes but HBoS was profitable and well capitalised and it didn't protect them from the speculators.
183

Santa,

greenland 23/09/2008 14:51:49
#184
UKIO may not have got involved in American markets but have doubled their loan portfolio in the last 12 months to small Lithuanian businesses and they are going down like 9 pins. Share price down by 11% today already.
Share stand at 46 pence, a quarter of last years price.
The " Jewel in the Crown" Birac Aluminium Smelter's shares standing at less than 2 pence each.
184

VictorianGorgie,

23/09/2008 14:52:27
#188 lenny, not really the same.

you point about all the other creditors that have to wait for their money etc etc...

it really is about time things were sorted out in that regard. i don't believe for a minute there's a cash-flow problem in that there's no cash. there is a culture of not respecting the terms of payment to creditors though and it's getting a tad tedious. he's made his point about being an uncompromising businessman type but it's now time to start doing things the way they are done in this country, if only to save the club from continual ridicule.

credit control is an aspect of my work and i will say quite openly right now that if hearts phoned me to ask for goods / services to be supplied on our normal credit terms basis, i would quickly tell them to hop it, i wouldn't give hearts credit terms. not that i thought we would be left with bad debt, i just wouldn't want the hassle.

185

DubIinHibs,

23/09/2008 15:00:28
viccy your comming out with a few crackers today, simple fact is without pontificating, guessing or just plain blethering, it is sqeaky bum time at tynie, if its not you are either to stupid or too ignorant to admit it!!!

if i was a Jambo i would be keeching it!

Just dont go POP before the derby!!
186

Lenny,

23/09/2008 15:05:13
Vic

Nothing at all to back it up but I actually beleive it is a cashflow issue. I cant think of any other reason for players not being paid. Surely any other reason would have been dealt with on Monday, not left until the end of the week.

One thing I will add, that if HBOS is able to go bust (effectively), then really no company in Scotland is too big. I stil believe it will get resolved, but I must admit if it was Hibs I would be getting a wee bit concerned.
187

Jamboy,,

Edinburgh 23/09/2008 15:06:59
I have registered on your site GF... please forward private mail.
188

Addie,

23/09/2008 15:10:48
I'm on your site too GF. Your site is great - no Bumtit or BTO!!!
189

scorchio,

West of the Pecos 23/09/2008 15:13:58
Well I've read some right slavering pis* on these forums, but this has to rank as some of the worst drivel.
If these Hibbies had been alive two hundred years ago they'd have been witch burners.
I wouldn't like to rely on any of them in a genuine crisis, and wonder how they cope with the rough and tumble of family and business life.
I have to assume most of them are either on valium, or need it prescribed.
BAWBAGS!
190

Roscoe P Coltrane,

23/09/2008 15:14:22
Lenny, HBOS didn't go bust, they were sold down the river for a whole load less than they were worth. I wish I could say more but I'd be out of a job if I did!
191

Jamboy,,

Edinburgh 23/09/2008 15:16:12
... Hello... (echo to fade...)
192

Jamboy,,

Edinburgh 23/09/2008 15:20:42
Didn't we owe 21 mil to BOS/HBOS before Vlad took control? Wouldn't we be in doo doo right now if that was still the case?
193

i wanna be like John Colquhoun,

23/09/2008 15:26:25
cant believe a hibs fan posting - A manager who by all accounts is a bam!! hilarious...coming from the team whos gaffer was sent packing to the stands TWICE in pre-season friendlies..

by printing the same story four times its trying to get everybody in a panic over what must be nothing. as said previously the players do not seem concerned yet this story has hibees exploding and creaming themself that we are finished. if they are not paid on friday i will start to think there might be a story in this but just because hearts arent telling the media (just so that tommytit can find out) doesnt mean we are bust. if i had a pound for every time a hobo has said we are going into admin i could have bought out man city!
194

Roscoe P Coltrane,

23/09/2008 15:26:27
Can't remember the exact amount, but it wasn't pocket change!!
195

Maroon tinted glasses,

23/09/2008 15:29:01
GF,

Do you remember the email i sent you regarding when banks was dropped? Is your new mail doing the rounds of a similar type!
196

Hibs fc - Dublin,

23/09/2008 15:29:19
Brilliant site - GF.
197

Hibs fc - Dublin,

23/09/2008 15:30:08
I'm also awaiting (pm's)...
198

Jambo Dave,

23/09/2008 15:32:32
187/When you work in a loony bin they laugh all the time did you not notice that when you were admited?
Ask them to loosen your straight jacket so you type some sence for a change.
199

LyonHearts,

le teil 23/09/2008 15:35:18
#163 Dublin Hibs
re; " Owned by a bank in the most uncertain of times the financial industry has known"

I think you'll find the 1929 stock market crash was much worse than now!

second point: The manager is a bam? I know our owner is a bam, but I haven't heard anything about Casba except that he's got the team working and winning again!

MON THE HEARTS
200

VictorianGorgie,

23/09/2008 15:35:45
#193, shoosh you.
201

i wanna be like John Colquhoun,

23/09/2008 15:38:33
#193 - simple fact is without pontificating, guessing or just plain blethering, it is sqeaky bum time at tynie - thats all hibs fans have been posting on here in the last two years!!!! what exactly are you doing if your not guessing or just plain blethering? cause lets face it....you dont have a clue whats going on either so to say its us who are guessing is a little pot kettle black!
202

Kevshat,

23/09/2008 15:38:42
Why is it always Hearts who embarrass scottish football.
203

Stray Dog,

23/09/2008 15:38:56
#194 Lenny HBOS did not go bust. Another thicko finance expert.

#200 Jamboy

"Didn't we owe 21 mil to BOS/HBOS before Vlad took control? Wouldn't we be in doo doo right now if that was still the case?"

Why would Hearts be in doo doo? HBOS still has plenty money and it would Hearts owing money. The reason for the merger was that if public confidence turned like Northern Rock, they "might" have suffered a money run just like Northern Rock.

No very bright are the posters on here, except me, Serg xxx
204

Kevshat,

23/09/2008 15:40:41
#209 Exactly, you fans of Hearts are being led a merry dance, a dance in which the older fans tippled to a couple of years ago,

The end is nigh.
205

LyonHearts,

le teil 23/09/2008 15:41:39
#210 WHY IS IT ALWAYS FANS OF OTHER CLUBS WHO COMMENT ON HEARTS STORIES?

206

Kevshat,

23/09/2008 15:43:45
Hallelujah, Halleluyah, or Alleluia, is a transliteration of the Hebrew word ??????????? (Standard Hall?luya, Tiberian Hall?lûyah) meaning "praise ...


207

Stray Dog,

23/09/2008 15:43:49
#210 Kevshat - cos they've all got small kn0bs like you.
208

DubIinHibs,

23/09/2008 15:45:43
209

sorry i'll alter my statement then, If that was happening at Easter Road, i would be nervous that my club was about to go pop...is that better, i'm not guessing or indeed commenting about finances, my post was meant about the fact players haven't been paid thier wages....even the most ardent jambo must admit that this is not a good sign?????

Viccy - barry post "shoosh you" ha ha ha ha!!!

BRILLIANT
209

Johnny Jambo,

23/09/2008 15:46:09
Its becoming glaringly obvious that many of the posters on here do not understand.

Hearts are not owned by a bank, there money is processed thro the Ukios Bankas but they are only another part of the group that owns Hearts which is the UBIG Group.

210

LyonHearts,

le teil 23/09/2008 15:47:22
I can't wait till this story has blown over and then we can get back to talking about football again!

Hearts have made quite a good start to the season with 4 wins and 2 losses from the first six matches! The football hasn't been vintage, but the results are what counts!

With several players to come back such as Aguiar and Nade and with the exciting talent of Mike Tullberg there is a lot to be optimistic about.

The new manager Casba Lazslo has increased the workrate of the team and the defence seems solid! All the players are benifiting from him including Mikolunas!

Any comments?

MON THE HEARTS
211

VictorianGorgie,

23/09/2008 15:48:39
#216, thanks very much. now pipe doon wid ye?

212

Bobby Bobby Bobby Prentice on the wing,

23/09/2008 15:49:17
Back on the FOOTBALL front! Hearts web site reports that there's no reason why Tullberg shouldn't at least be on the bench for Saturday's trip to Tannadice. Looking forward to a big travelling support, even more so, that it's pay at the gate, Come on the JT's
213

LyonHearts,

le teil 23/09/2008 15:50:09
#210 I take it that you've spelt the word kn0bs with a zero rather than an "o" because other with it would be removed by the censors filter?

In that case if I wanted to make a reference to the film " Bedkn0bs & broomsticks" I'd have to do the same thing?

214

Johnny Jambo,

23/09/2008 15:52:06
#218 LH - yes mate we have had a good start to the season, better than many had hoped. I still think it is a false dawn but hope it continues.
The manager does seem to have done some good work and it appears that the interference has been cut back.

I would take 1-0 wins any week whilst we rebuild the club and that could be the case, as you say the defence is a bit more solid, although I don't know what will happen when we get an injury or two in that area or suspensions.

But so far so good.
215

Lenny,

23/09/2008 15:54:16
# 198 & 211

I know HBOS did not go bust, I work for them so Im well aware of whats going on! Thats why I used the word effectively. They have not technically went bust, but if a takeover bid was not forthcoming...

This is why it has opened my eyes a bit.
216

VictorianGorgie,

23/09/2008 15:55:29
#224 lenny, are you howard?
217

LionheartFodithman,

23/09/2008 15:57:09
#222 JJ
GF has a new site started mate and is privvy to some interesting Info about non payment of wages etc.

There is a link at #184 if you register i can PM you the latest.
218

LyonHearts,

le teil 23/09/2008 15:58:49
#223 Last year there were stories about non-payments to Genk for Bejisla and to the Lothian & Borders police! Seems if you read the Scrotsman or EN for too long they just churn up the old stories over nad over again!

So now we're going bust beacuse of the world financial crisis! My mate who's a Hibs knows these aliens from another galaxy and his cleans their inter galatic battlecruiser...anyway she's telt him right that she'd over heard...etc, etc, etc...

MON THE HEARTS

MON THE HEARTS
219

LyonHearts,

le teil 23/09/2008 16:01:25
Sorry - typed that a bit too quickly, but you get my drift I hope!
220

Lenny,

23/09/2008 16:04:36
Vic

God no! And I cant sing either. Which probably passes me for a place on the adverts!!!
221

Indy Rep Kid...,

23/09/2008 16:04:45
Guys, check out the story that has just appeared on the news website.........
222

Gorgie's Finest,

23/09/2008 16:05:21
Mothy Ive sent you that pm on the site m8, sorry took so long was busy with other things, and just popped back on to have a peak. It's done now anyway
223

Mal,

23/09/2008 16:06:34
DublinHibs you are right the ground staff, ticket office staff, etc. have not been paid. They are paid monthly. Any other inside exclusives you'd like to break?
224

Roscoe P Coltrane,

23/09/2008 16:24:01
#224 - where do you work Lenny? Without going into too much detail obviously! I also work for them, but originally joined BOS before the Haliban did their dirty work. Just get a little fed up with clueless commentators spouting forth hyperbole about the HBOS situation, much like some people (not yersel' obviously) do about Hearts. And then when somebody who actually does understand what's going on tries to make a point you get abuse from morons like #211.

In most cases I don't know why I bother - there's obviously many many Hoboconomists who know a lot more than you or I do!!
225

BABYLOU,

23/09/2008 16:27:14
hey GF i have joined the site, any chance of seeing that PM????
226

LionheartFodithman,

23/09/2008 16:30:17
#236 wee bairn.
Is that you Diddles the Clown trying to pull a fast one for some Jambo info ??
227

BABYLOU,

23/09/2008 16:32:23
#237

no, i am not whoever think I am, will send you a PM just now on the site with my full name, kickback username etc etc
228

Lenny,

23/09/2008 16:33:20
Roscoe P Coltrane

Im in Corporate mate. It was all very shakey anyway, even before this takeover. I have abolutely no idea where we all stand now. I too am from the days before Halifax, makes you feel old!!

Yeah mate, your comment above is pretty much the reason I dont post much nowadays. Unfortunately the informed people tend to get lost in amoungst the dafties who like to make a lot of noise.

The point I was trying to make above is that if this trouble can happen to HBOS then NO Scottish business is safe. And of course that makes me a "Another thicko finance expert." Laughable really.
229

Roscoe P Coltrane,

23/09/2008 17:06:50
RSE, I don't mind, I'm leaving. Besides, it's a pretty big company, doubt the IT guys have got the time to go chasing people for their internet use. Especially when the eedjits can't deliver a project on time!

Cheers Lenny - I used to spend a lot more time on here but there's way too many folk who know enough big words to sound like they know what they're talking about, and like you say, when you try to pull them up on it you just get a slagging. Plus the cloning/mentalist situation appears to have got worse.

It's hard being right all the time!
230

what a chancer,

still here 23/09/2008 17:28:20
i and a few others will be glad that some of them never got thier wages its a pity the others who earn thier keep have suffered with the one season wonders.

 

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