Scottish Fitba Thread (Part 21)

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StoneColdSaysSo

19-05-2013

Originally Posted by timboy:
“A bit shit he got punched from behind but if you want to play Stone Island Wars then these things will happen. ”

Aye never good seeing that, but as you say get yourself involved in that then anything can and does happen.

Originally Posted by timboy:
“Absolutely shattered after a day of football today. Was at Tannadice to see the champions hammer United and then went through to East End Park to see the Wasps get promoted. I've no reason to be tired though, my brother did the driving whilst I sat in the passenger seat having a few cold ones. ”

Watched the Pars game myself today. Division 2 could be interesting next season

timboy

19-05-2013

Originally Posted by StoneColdSaysSo:
“Watched the Pars game myself today. Division 2 could be interesting next season ”

It'll be a cakewalk again I think.

Normally a team like Dunfermline would be up there but I can't see it happening next season with the team they will have.

bhoy07

19-05-2013

Don't worry folks less than 11 weeks now until the SPL kicks off all over again.

StoneColdSaysSo

19-05-2013

Originally Posted by timboy:
“It'll be a cakewalk again I think.

Normally a team like Dunfermline would be up there but I can't see it happening next season with the team they will have.”

We will still have a much weaker team as well. I'm hearing Kenny Miller is rejoining as well

timboy

19-05-2013

Originally Posted by StoneColdSaysSo:
“We will still have a much weaker team as well. I'm hearing Kenny Miller is rejoining as well”

Much weaker when you are signing Cammy Bell and John Daly and you will be the only full time team?

bhoy07

20-05-2013

Originally Posted by timboy:
“Much weaker when you are signing Cammy Bell and John Daly and you will be the only full time team?”

Tbf they can't play until 1st September.

Macbeth88

20-05-2013

Is Daly going to Ibrox ... it would be great to see a player from the Republic play for them and break down another 'hatred'. Fair play to Rangers if they sign him ... better late than never I suppose but credit where it is due.

StoneColdSaysSo

20-05-2013

Originally Posted by Macbeth88:
“Is Daly going to Ibrox ... it would be great to see a player from the Republic play for them and break down another 'hatred'. Fair play to Rangers if they sign him ... better late than never I suppose but credit where it is due.”

I hear what you are saying, however I would personally like no fuss made about this. It shouldn't even come into things at all so sign him based on quality and that only.

I do get what you mean though

Macbeth88

20-05-2013

Originally Posted by StoneColdSaysSo:
“I hear what you are saying, however I would personally like no fuss made about this. It shouldn't even come into things at all so sign him based on quality and that only.

I do get what you mean though ”

Point taken and I agree wholeheartedly ... however

Mark.

20-05-2013

According to the SPL, a company declaring themselves insolvent does not constitute an "insolvency event", so Heart escape punishment. For now.

In a completely unrelated story, Stewart Gilmore was on the steps of Hampden saying it would be bad for the SPL to lose Hearts, and Stewart Regan gave an interview saying Scottish Football is still in a bad way.

OMTT

20-05-2013

Sporting integrity is the real winner here. How would the SPL cope with no Old Firm, Dundee & Edinburgh derby?

Who's paying the bills at Tynecastle if the parent company is insolvent and Mad Vlad's assets are on hold?

No doubt they'll go into administration after 1st of June and suffer their points deduction next season

bhoy07

20-05-2013

Originally Posted by Mark.:
“According to the SPL, a company declaring themselves insolvent does not constitute an "insolvency event", so Heart escape punishment. For now.”

tbf the club itself hasnt gone bust - yet.

bhoy07

20-05-2013

Originally Posted by OMTT:
“Sporting integrity is the real winner here. How would the SPL cope with no Old Firm, Dundee & Edinburgh derby?

Who's paying the bills at Tynecastle if the parent company is insolvent and Mad Vlad's assets are on hold?

No doubt they'll go into administration after 1st of June and suffer their points deduction next season”

Hearts are still trading and as yet aren't in administration, seems fair enough providing bills get paid.

OMTT

20-05-2013

Alot of my Jambo pals feel that relegation this season would've been better than points off next season because they think they'll really struggle in the league next year & get relegated. That year, both Hearts & Rangers could be in division 1 & it would be a disaster of Hearts spent 2 years in that league

Mark.

20-05-2013

Originally Posted by bhoy07:
“tbf the club itself hasnt gone bust - yet.”

The SPL rules allow for action to be taken if a parent company suffers an "insolvency event".

The wording of the SPL statement suggests there's no doubt that any such event involving UBIG would see Hearts punished.

bhoy07

20-05-2013

Originally Posted by Mark.:
“The SPL rules allow for action to be taken if a parent company suffers an "insolvency event".

The wording of the SPL statement suggests there's no doubt that any such event involving UBIG would see Hearts punished.”

Are UBIG the parent company or just the majority shareholder in the club?

Mark.

20-05-2013

Originally Posted by bhoy07:
“Are UBIG the parent company or just the majority shareholder in the club?”

They hold a controlling stake, which is enough to make them the parent company under UK law.

pedrok

20-05-2013

Originally Posted by Mark.:
“According to the SPL, a company declaring themselves insolvent does not constitute an "insolvency event", so Heart escape punishment. For now.
.”

From my understanding, someone asked for the company to be made insolvent, which it may well be. But at this moment in time the SPL had no option to let Hearts continue.

Mark.

20-05-2013

Originally Posted by pedrok:
“From my understanding, someone asked for the company to be made insolvent, which it may well be. But at this moment in time the SPL had no option to let Hearts continue.”

Under Lithuanian Law, a business can declare itself insolvent without needing to go to court.

Quote:
“ Article 4. Application of Extrajudicial Bankruptcy Procedure

Debtors and creditors may refrain from applying to the court
for the institution of an enterprise bankruptcy proceedings if
the debtor publicly announces that he is unable to satisfy the
liabilities incumbent on him, and notifies every creditor thereof
in writing. The notice must contain the name of the enterprise
and other requisites, as well as the date and place of the first
meeting of creditors.

Decisions concerning the application of extrajudicial
bankruptcy procedure may be adopted by a meeting of creditors
upon agreement with the debtor, provided that the decision is
unanimously approved by all the creditors.

The procedure for implementing the decisions of the meeting
of creditors and satisfying their claims shall be established in
accordance with the judicial procedure and conditions for
investigating bankruptcy cases as established in this Law.
(Amended 28 September 1993)

In the event that the parties fail to reach an agreement
concerning the application of bankruptcy procedure, or if the
meeting of creditors, in pursuance of the procedure established
by this Law, cannot adopt a decision concerning the conditions
and procedure for satisfying the claims, the issue shall be
referred to the court.
See http://www.litlex.lt...ocuments/21.HTM
and http://ec.europa.eu/...ptcy_lit_en.htm”

DUNDEEBOY

20-05-2013

My take is that the SPL were determined not to lose the third biggest club in land after last Summer, although Hearts travelling support is not as big as its perceived to be. They would then only be left with the Dundee Derby.

What will probably happen is that the "additional information" will probably be discovered in a few weeks meaning they will lose a third of this seasons points 14 or so.

This way they will have been punished everyone is happy and they will have a go at reducing the minus deficient next season

OMTT

20-05-2013

Plus the fact the SPL have yet to get a sponsor for next season, they couldn't have a league where the biggest derby will be Ross County v Inverness

bhoy07

21-05-2013

Hearts FC are still trading (The club)

Heart of Midlothian PLC are still trading (The parent company)

I think until the plc suffers an 'insolvency event' then the SPL aren't going to do anything.

As for the biggest derby in the SPL next season - don't worry, it'll be the Glasgow one.

Mark.

21-05-2013

Originally Posted by bhoy07:
“I think until the plc suffers an 'insolvency event' then the SPL aren't going to do anything”

If that were the case, the SPL wouldn't have bothered investigating UBIG. They'd have stopped when they established that it had no relevance to Hearts.

bhoy07

21-05-2013

Originally Posted by Mark.:
“If that were the case, the SPL wouldn't have bothered investigating UBIG. They'd have stopped when they established that it had no relevance to Hearts.”

I think that's where they are now - but it's the SPL so it would never be straight forward.

bhoy07

21-05-2013

Kris Commons announces his retirement from International football.

Meanwhile did Craig Whyte tape the 'private' dinner conversations between himself, Ali Russell, Stewart Regan and Campbell Ogilvie in the wake of the first Mark Daly documentary.

That is if this letter is legit.

http://www.scribd.com/doc/142823209/Regan-Letter

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