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What would the ‘Sporting Integrity’ mob say about a football team using foreign loan players, evading PAYE/NIC to the HMRC then getting out of paying that bill: Between 2005 – 2010, Hearts used loan players from Lithuanian club, FBK Kaunas to play in the Scottish division. In 2012, HMRC warned Hearts it wanted £1.75m for the … Continue reading
Sergei Magnitsky Want to know what happens in Russia if you challenge the authorities then read Bill Browder’s book Red Notice. Bill Browder started a Hedge fund, Hermitage Capital Management to take advantage of the wild east of Russia’s public asset carve up after Yelstin then Putin took over from Gorbachev. Unfortunately his fund’s wealth … Continue reading
As mentioned in the previous post on Heart of Midlothian Plc’s Administration: The vast majority of Heart of Midlothian Plc’s Unsecured Creditors never got paid, apart from the Football Debt to comply with SFA/SPFL rules. Hearts got out of administration writing off debts of £27.472m out of £28.424m owed to crditors However it’s not the large … Continue reading
As Scotland heads back to Lithuania today Friday, 1st September 2017, for a World Cup Qualifier the talk of Lithuania it must brings back memories of when Hearts was controlled by Vladimir Romanov, pictured above, via his Lithuanian companies which had propped up Hearts for many years before the company, Heart of Midlothian Plc (‘HoM’) … Continue reading
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