SunderMad
Why not join in with our small but perfectly formed community?

We are always looking for new members so sign up and join in, its free.

SOME PEOPLE SEEM TO HIT A SNAG WHEN TRYING TO REGISTER! NOT SURE WHY? IF YOU HAVE A PROBLEM EMAIL ME AND I WILL SORT IT?
sundamad@aol.com
Sky Sports-SunderMad Exclusive.
Latest topics
» Blackpool interest in grigg
Broken Hearts .. EmptyToday at 7:57 pm by gil t azell

» Top 2 no chance
Broken Hearts .. EmptyToday at 5:53 pm by Vincemac

» Our next game
Broken Hearts .. EmptyToday at 5:51 pm by Steve30000

» Bit of advice please Sid
Broken Hearts .. EmptyToday at 1:08 pm by Sid MCFC

» I know I shouldn't laugh but..
Broken Hearts .. EmptyToday at 12:48 pm by Sid MCFC

» 8th favourites for promotion
Broken Hearts .. EmptyToday at 11:57 am by gil t azell

» Dilemma
Broken Hearts .. EmptyToday at 7:47 am by trouble_n_stripes

» SACK HIM
Broken Hearts .. EmptyYesterday at 7:58 pm by Steve30000

» Sunderland v Blackpool
Broken Hearts .. EmptyYesterday at 7:29 pm by Black Cat Kiwi

» McGeady
Broken Hearts .. EmptyYesterday at 6:55 pm by cyprussyd


Broken Hearts ..

Go down

Broken Hearts .. Empty Broken Hearts ..

Post  Guest on 2013-06-15, 9:16 pm

http://www.bbc.co.uk/sport/0/football/22917288

Hearts crisis 'could aid buy-out', says MP Ian Murray
The MP leading a fan-backed bid to buy Hearts claims the cash-strapped club is virtually "worthless".
Hearts have put their entire squad up for sale , with £500,000 needed to keep the club running over the summer.
Ian Murray says insolvency facing the club's owners could work in his group's favour in trying to buy Hearts.
"From a hard-nosed business outlook, the club only has value in terms of its history, its share in the SPL and the assets that it holds," he said.
"Given Thursday's statement and the club accounts, it's quite clear there is an on-going annual funding gap at the club that is quite substantial.
"That obviously has an effect on what the club is worth and I would go as far to ask whether the club is worth anything?"
“From a Foundation of Hearts point of view, though, we are in a better shape than we have ever been”
Ian Murray Foundation of Hearts chairman
Murray addressed 300 fans attending a meeting of the Foundation of Hearts group, which hopes to by the club, as they looked to react to a week of financial trauma at Tynecastle.
The Scottish Premier League imposed an immediate registration embargo on new players after Hearts failed to pay all their players' salaries on Friday.
That came 24 hours after the club's board released a statement saying they had entered a "critical" stage in their battle to pay off debts of £25m as well as financing tax bills and other running costs.
Murray admits that the current situation at UBIG - which owns a 50 per cent stake in the club - and 29.9 per cent shareholder Ukio Bankas has "muddied the waters".
Both Lithuanian firms were formerly controlled by club Vladimir Romanov but are now in the midst of being declared insolvent by Kaunas-based authorities.
Ukio Bankas, which lost an appeal against liquidation on Wednesday, is due £15m by Hearts, who also owe another £10m to UBIG.
"Given the funding gap, it is only really worth what someone is willing to pay for it," foundation chairman Murray said of the football club.
"From a FoH point of view, though, we are in a better shape than we have ever been.
"We have more than 4,000 fans pledging cash to us and we are ready to go."
The foundation has already signed up more than 4,000 fans, who have pledged between £10 and £100 a month to back its effort and it hopes to lodge an offer by the end of June.
avatar
Guest
Guest


Back to top Go down

Broken Hearts .. Empty Re: Broken Hearts ..

Post  cyprussyd on 2013-06-15, 9:17 pm

I know Hearts is a special case but I do fear for Scottish football

________________________________________________________
          My glass is always half full and occasionally over flowing. [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.]
cyprussyd
cyprussyd
Senior Member(Top Cat)
Senior Member(Top Cat)

Posts : 49949
Join date : 2012-07-31
Location : Durham

http://www.sunderlandmad.com

Back to top Go down

Broken Hearts .. Empty Re: Broken Hearts ..

Post  Guest on 2013-06-15, 9:18 pm

Hearts unable to sell 'summer signing' Danny Wilson
Broken Hearts .. _57733517_jimspencehead By Jim Spence BBC Sport
Comments (142)
Hearts, who have put their entire squad up for sale in an attempt to stay afloat, will not be able to command a transfer fee for Danny Wilson.
It has emerged that the Tynecastle club are yet to register the Scotland international defender's contract with the Scottish Football Association.
The 21-year-old had been on loan from Liverpool but his signing on a three-year deal was announced last month.
However, he remains a Liverpool player until his contract ends there in July.
Wilson had been unveiled as Hearts's first summer signing and said he was comfortable with the assurances he had received about the financial health of the Tynecastle club.
But Hearts announced this week that uncertainty over the club's future has led to a serious cash-flow problem.
HEARTS' PRIZED ASSETS?

  • Jamie MacDonald
  • Jason Holt
  • Ryan Stevenson
  • Kevin McHattie
  • Callum Paterson
  • Jamie Hamill
  • Jamie Walker

The Scottish Premier League club are £25m in debt - £10m to parent company UBIG, which is claiming insolvency, and £15m to Ukio Bankas, which has been declared bankrupt.
Hearts say this has led to a shortfall in the sale of season tickets and it is believed they require more than £500,000 to keep the club running until the start of the new season.
That equates to the sale of 2,000 more season tickets, but Hearts also hope that selling players will eat into that amount.
However, they will not be able to raise any money from the sale of Wilson, who made 14 appearances in the 2012-13 season on loan and was viewed as perhaps their most valuable on-field asset.
Hearts need to raise money quickly to pay salaries and tax liabilities.
avatar
Guest
Guest


Back to top Go down

Broken Hearts .. Empty Re: Broken Hearts ..

Post  Guest on 2013-06-18, 7:03 am

The death bell tolls for the SPL imo.

Once a two horse race, reduced to only one thorough bred.

Hearts....Craig Gordon.
avatar
Guest
Guest


Back to top Go down

Broken Hearts .. Empty Re: Broken Hearts ..

Post  Sponsored content


Sponsored content


Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum