Tag Archives: Hearts

Craig Mather Shows He Can Talk As Much Rubbish For #Rangers As Messrs Green and Whyte!

The CEO of Rangers, Craig Mather, released the following statement yesterday. I thought it was worthy of some comment which might enlighten him.

It is good to see that the recent history of Rangers CEOs talking complete and utter nonsense in an effort to ingratiate themselves with the fans continues. It provides a continuing source of material for me to write about!

Mr Mather has a hard act to follow in that both Mr Whyte and Mr Green were not averse to bunkum and poppycock, but, perhaps with the help of Communications Director James Traynor, Mr Mather has leapt straight into the stratospheric heights of baloney attained by his predecessors. Continue reading

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Filed under Charles Green, Football Governance, Rangers, SFA

“Anti-Rangers” Hearts Fans on Collision Course with Administrator? – by AD Bryce

Joint Administrator Trevor Birch, along with his BDO colleague Bryan Jackson, is the man charged with leading Hearts out of their current financial predicament. Although he gained a high profile recently having “saved” Portsmouth Football Club from their administration, an analysis of his actions at the English club may create cause for concern for Jambos.

April 2013 and administrator Birch hails the good news, as he saw it, about the future of Portsmouth Football Club. He happily announced the deal that would see completion of the “purchase of Portsmouth Football Club,” a deal that “safeguards the club’s future”, that would set the stage for “the new owners to begin the urgent task of rebuilding the club”. The achievement was clear: “keeping Portsmouth Football Club alive despite what, at times, seemed like insurmountable obstacles.” Thanks in no small measure to his efforts, “Portsmouth Football Club can once again look forward to the future with optimism”! Continue reading

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Filed under Guest Posts, Hearts

In the Name of “Sporting Integrity” Should the SPFL Relegate Hearts?

The SPL, earlier this week, issued a statement regarding Hearts.

Following Heart of Midlothian plc lodging a Notice of Intention to Appoint an Administrator with the Court of Session in Edinburgh on 17 June 2013, the SPL confirmed that a number of sporting sanctions have been applied to the club.

An SPL spokesperson said: “As Heart of Midlothian is subject to an Insolvency Event, a 15 point deduction will be applied to its total points in the League Championship for next Season 2013/14.  In addition, Heart of Midlothian is subject to an embargo on Registering Players with the SPL whilst in administration.”

There are a couple of thoughts about this.

First of all, how does the change at some point before next season from the SPL to the SPFL affect this? If the 15 point penalty which is based on 1/3 of the points gained in the preceding season is an SPL rule (as it is) how does this carry across to the SPFL? Continue reading

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Filed under Administration, Football Governance, Hearts, SPFL, SPL

The Administration of Ukio Bankas and its Effect on Hearts

Whilst the Rangers story last year was about, as it is now presented, the company which owned the assets and business which made up the football club, going into administration, the situation this year at Hearts comes from the opposite perspective.

Here it is the bank which is owed huge sums by the company which owns the assets and business which make up the football club going into administration. Simples!

Ukio Bankas, the Lithuanian Bank largely owned by Vladimir Romanov and his UBIG Group has been placed into administration, and the administrators are looking for buyers for the assets. That suggests that the value which UBIG can attribute to its involvement in Hearts will be slim to zero, and slim left town. Continue reading

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Filed under Football, Hearts, Insolvency

Hearts – “A Call To Arms” – Pay Up or the Club Dies!

Yesterday I wrote about the new HMRC petition to wind up Hearts over a tax debt in excess of £400,000.

The announcement of this, which the Hearts Board had to do if they wish to proceed with their share issue, was followed by an apocalyptically titled letter to the fans – The future of Heart of Midlothian.

It reads as follows, with my comments in bold:-

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Today the Board of Heart of Midlothian plc is writing to you with the express wish that every supporter provides emergency backing for the club.

This is not so much a request as a necessity.

To use the words yesterday of John Robertson, one of the greatest players in this club’s history, this is a “Call to Arms”.

There is no greater need than now for supporters to invest in the club in whichever way you can, without delay. How can you do this? Continue reading

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Filed under Football, Hearts, HMRC, Insolvency