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Radio Clyde saying Hearts will be liquidated Monday


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So no liquidation of Farts today? Did they get a deal or what?

They got 50% of the shares from Ubig but these shares are worthless even in a liquidation sale so Ubig admin agreed a deal for 100k.

Ukio on the other hand own swinecastle and could make up to 6 million from liquidation rather than the 2.5m from a cva.

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They got 50% of the shares from Ubig but these shares are worthless even in a liquidation sale so Ubig admin agreed a deal for 100k.

Ukio on the other hand own swinecastle and could make up to 6 million from liquidation rather than the 2.5m from a cva.

Absolutely, UKIO was always going to be the tough one given that they own tynecastle. I cannot see them agreeing a deal, and I think Hearts will indeed get liquidated.

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Absolutely, UKIO was always going to be the tough one given that they own tynecastle. I cannot see them agreeing a deal, and I think Hearts will indeed get liquidated.

Were they not the ones who agreed the CVA back in November ? Or was it UBIG?

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