der Berliner 3,803 Posted May 26, 2014 Share Posted May 26, 2014 No there is a legal requirement to do so laid out in the terms of the contract. Interest though will preferably be paid in shares. Has the contract been published anywhere? Just asking. Found the regulatory announcements. The principal amounts of the Facilities are repayable no later than 1 September 2014 from a variety of potential sources. 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted May 26, 2014 Share Posted May 26, 2014 The board have stated that they have the cash but have failed to meet their financial obligations Darth. i dont think the uof will be the only ones asking the very same questions of them. I know i am. I have absolutely no objections to questions being asked & answers sought.....I just find it rather hypocritical that they are questioning the state of the clubs bank balance & whether they can afford to repay the loans, while @ the same time actively discouraging fans from inputting cash. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted May 26, 2014 Share Posted May 26, 2014 Has the contract been published anywhere? Just asking. Found the regulatory announcements. Yes the contracts been published. The article and several others quote from it. 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted May 26, 2014 Share Posted May 26, 2014 Has the contract been published anywhere? Just asking. Found the regulatory announcements. I believe there was a leaked version published somewhere.....I have no idea how accurate it is with regard to the final agreement with Mr Letham & Mr Easdale. However, the accuracy is irrelevant to some..... 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted May 26, 2014 Share Posted May 26, 2014 I have absolutely no objections to questions being asked & answers sought.....I just find it rather hypocritical that they are questioning the state of the clubs bank balance & whether they can afford to repay the loans, while @ the same time actively discouraging fans from inputting cash. Again they are actively collecting pledges of funds for the club. Quite the opposite of what you suggest. 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted May 26, 2014 Share Posted May 26, 2014 Again they are actively collecting pledges of funds for the club. Quite the opposite of what you suggest. They are collecting pledges, but the club is not receiving the cash, therefore depriving - AT THE MOMENT - the club of much needed funds. We all know why they are doing it, but to then go on & raise questions overs the current finances doesn't sit right with me. The sale of ST has been slow, this is partly as a direct result of the UoF/DK initialtive to collect the pledges within a framework that the club have said will never work due to the securities requested never being given. I just don't think it is right for the fans to actively withhold cash (which is the clubs main income stream), then to turn round & criticize the club for not having enough funds to repay a debt which may or may not be due right now..... 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted May 26, 2014 Share Posted May 26, 2014 They are collecting pledges, but the club is not receiving the cash, therefore depriving - AT THE MOMENT - the club of much needed funds. We all know why they are doing it, but to then go on & raise questions overs the current finances doesn't sit right with me. The sale of ST has been slow, this is partly as a direct result of the UoF/DK initialtive to collect the pledges within a framework that the club have said will never work due to the securities requested never being given. I just don't think it is right for the fans to actively withhold cash (which is the clubs main income stream), then to turn round & criticize the club for not having enough funds to repay a debt which may or may not be due right now..... Really only the club to blame for them not having the cash. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,761 Posted May 26, 2014 Author Share Posted May 26, 2014 I'm sure we were told that the wigs have investors waiting to plough cash into the club? 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted May 26, 2014 Share Posted May 26, 2014 Really only the club to blame for them not having the cash. I'm not doubting or debating that.....it is more the "I'm not giving you my cash", followed by "Why don't you have the cash to pay xxxxxxx" stance of the the original article/statement. I personally don't agree with the withholding of funds, but if folk think that is the best way to help the club move forward, that is entirely their decision. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,803 Posted May 26, 2014 Share Posted May 26, 2014 From the (I assume binding) regulatory statement: The principal amounts of the Facilities are repayable no later than 1 September 2014 from a variety of potential sources. ... Really only the club to blame for them not having the cash. Nope, you apparently like to drum up the "70m lost" tune again, but that is of no relevance for the current board looking to keep the club afloat right now. The CB has to work with what money is available to them, full stop. They rely - like any other club working such a system - to a large extend on ST money and if this is being cut short by whatever means, they will have to look for alternatives. Be that loans, sponsorship deals or whatnot. If supporters groups actively call for boycots or people not buying STs, they actively work against the club's sustainability right now, no matter what sort of cost cuttings or plans the CB has in mind. You'd obviously hope that the CB has the means and powers to tell us where all the money went in detail, but that will not help them doing their daily job in any way - though I can already hear the derisive remarks about them being poor sods et al. Hibs' relegation has probably made the Championship an even "better" prospect for next season ... and investors. BTW, have the drummers down on RSA land lost their sticks or have the lines been cut? Not a whisper for weeks from our saviour ... again. 0 Quote Link to post Share on other sites More sharing options...
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