Hearts will need to wait a month before finding out if they will be dragged down by the bankruptcy of UBIG in Lithuania.
On Monday the SPL backed away from applying any sanctions to the Scottish Cup holders due to uncertainty over the way that the Lithuanian’s deal with administration
Hearts director Sergejus Fedotovas has revealed that the troubled club owes a total of £25m to UBIG and Ukio Bankas but is already targeting a top three place next season!
Sergejus Fedotovas told Hearts TV: “I think that we really need to be targeting the top three places. Obviously it will be a new team, it’s important that they grow and deliver results but it’s not the first time that a team has been reconstructed.
“We are looking at it positively, bearing in mind our results last season we’re looking to radically improve next season.
“We hope that the players we bring will deliver good quality performances and results that will excite the fans..”
Turning to the financial side of the club he admitted: “The news about UBIG was very much unexpected, something we didn’t anticipate.
“To be frank we are still trying to find out what the reality is behind it and how this will impact on Hearts.
“Pretty much we know the company has declared it’s in a position where it may not be able to meet its obligations and pay the bills. But as I understand from the Lithuanian legal background, it is something it has time to consider.
“The company has around 30 days to revoke that or take it further to the stage where it will be filing for bankruptcy or insolvency.
“It will be decided by the court whether the company will go into insolvency or not.”
EASILY RESOLVED PROBLEM, JUST GET LIQUIDATED AND START AGAIN, NO DEBT, SAME STADIUM, SAME FANS SAME CLUB, SAME HISTORY, THATS WHAT THE RULE BOOK ALLOWS IF YOUR A HUN CLUB THAT KNOWS THE WORDS TAE THE SASH AND FAMINE SONG ACCORDING TO THE SFA AND SCOTLANDS ESTABLISHMENT.
HAIL HAIL, 125 YEARS OF HATING HUNS
Hate is bad,
If Hertz live next year, good, but they wont be playing at Tynecastle, probably Murrayfield, for a short pre pop time.
nay time firt jambos, down tubes firt jambos ,and the monkey hunz of ibrox as weel, gid bye tit pars also munkee hunz good bye hunz one ‘n’ all scabs it scottish football ,, c’mon tit hoops, ps g b n l
jist banta course ,ah yi see lad love charles green ….reel munkee hun
It’s now even more funny that the Huns think there’s an agenda against them.
“How kin hertz stay innra SPL when thur hawding company is in administration?” They cry.
“Very simple” I say. “It is because the holding company of hearts is exactly that. Not the actual club who everyone pretends was the holding company. Heart of Midlothian plc is not in administration, it’s the bank. Rangers football club plc was in administration and subsequent liquidation, while MIH, the ACTUAL HOLDING COMPANY of the club still trades. That’s why it’s different. Hearts are still hearts, they don’t need to pretend. You thick inbred c**t.”
I usually laugh as their face contorts into something resembling hate/anger/ understanding.
“But we arra peepel” they defiantly cry.
Enjoy division 2 and another year with fat sally.