CJGJ Posted July 18, 2016 Share Posted July 18, 2016 http://www.heraldscotland.com/sport/14626874.Vladimir_Romanov_squandered___308m__according_to_Lithuanian_government/ THE former Hearts owner Vladimir Romanov squandered an eye-watering ?308m before going into exile in Russia, according to new figures issued by Lithuanian authorities. The controversial businessman and banker took control of the Tynecastle club in early 2005 and was largely held responsible for Hearts entering administration in 2013. But it was the collapse of his bank, Ukio Bankas, that sparked Lithuanian prosecutors to try to bring him to trial. Bankruptcy administrators in the Baltic nation have finally concluded a long-running investigation as to where the money went when the bank was run by Romanov. They have reached the verdict that an astonishing sum of ?308,404,676.04p remains unaccounted for and has been plundered by the former owner of the Edinburgh club. Romanov initially claimed he had suffered a stroke three years ago and was receiving treatment in a Moscow hospital. But after pictures emerged of him frolicking on a beach in Russia, the Lithuanian government made a formal request to extradite him. The case went to court two years ago, but the Russian judicial system refused to extradite him and he was allowed to go free. Little has been heard since then of the one-time publicity-hungry sports fan, who also owned football and basketball clubs in his homeland. Link to comment Share on other sites More sharing options...
Beast Boy Posted July 18, 2016 Share Posted July 18, 2016 Some laddie. Link to comment Share on other sites More sharing options...
Jbo hmfc Posted July 18, 2016 Share Posted July 18, 2016 What a man Link to comment Share on other sites More sharing options...
Norm Posted July 18, 2016 Share Posted July 18, 2016 Submarines don't come cheap I suppose.... Link to comment Share on other sites More sharing options...
Beast Boy Posted July 18, 2016 Share Posted July 18, 2016 Submarines don't come cheap I suppose.... Especially the ones in the Clyde. Link to comment Share on other sites More sharing options...
Strachsuit Posted July 18, 2016 Share Posted July 18, 2016 He continues to roam free in the wilds of Russia. Run and never stop, Vlad! Link to comment Share on other sites More sharing options...
Strachsuit Posted July 18, 2016 Share Posted July 18, 2016 DP Link to comment Share on other sites More sharing options...
neilnunb Posted July 18, 2016 Share Posted July 18, 2016 'frolicking' Link to comment Share on other sites More sharing options...
Unknown user Posted July 18, 2016 Share Posted July 18, 2016 And we STILL didn't win the bloody league - "squandered" right enough! Link to comment Share on other sites More sharing options...
jambo1961 Posted July 18, 2016 Share Posted July 18, 2016 Reach for the stars Vlad Link to comment Share on other sites More sharing options...
Stephen Muddie Posted July 18, 2016 Share Posted July 18, 2016 I doubt he squandered any TBH. Il ne regrette rien. Made a mug out of 'debt is money'. Link to comment Share on other sites More sharing options...
Unknown user Posted July 18, 2016 Share Posted July 18, 2016 I doubt he squandered any TBH. Il ne regrette rien. Made a mug out of 'debt is money'. If I'd embezzled 300 million Tynie would be amaaaaaazing and we'd have a league trophy or 5 to sing about. I probably wouldn't have hired Graeme Rix either. Sounds squandered to me! Link to comment Share on other sites More sharing options...
Jammy T Posted July 18, 2016 Share Posted July 18, 2016 And people say that a strip makes us a laughing stock... Link to comment Share on other sites More sharing options...
Stephen Muddie Posted July 18, 2016 Share Posted July 18, 2016 If I'd embezzled 300 million Tynie would be amaaaaaazing and we'd have a league trophy or 5 to sing about. I probably wouldn't have hired Graeme Rix either. Sounds squandered to me! I know that we are big Hearts fanatics and all, but he is not. All he had to do was skim enough of the various borrowed monies to disappear forever with. Looks like he's winning so far. Link to comment Share on other sites More sharing options...
martoon Posted July 18, 2016 Share Posted July 18, 2016 The Hibs.nut experts will be wetting themselves with excitement. Link to comment Share on other sites More sharing options...
Stephen Muddie Posted July 18, 2016 Share Posted July 18, 2016 I near pish myself every time I see his cheeky grin. For someone whose antics nearly cost us our club, I do adore him. It's irrational, but there we are. From Jambos 4 Justice onwards, some ride. We will never see his likes again. Link to comment Share on other sites More sharing options...
Beast Boy Posted July 18, 2016 Share Posted July 18, 2016 The Hibs.nut experts will be wetting themselves with excitement. It'll be my choice of reading for a few days. I can already hear panty elastic snapping nearly ten miles away. Link to comment Share on other sites More sharing options...
Boab Mugabe Posted July 18, 2016 Share Posted July 18, 2016 Why doesn't he have a statue already? God bless that magnificent man. Link to comment Share on other sites More sharing options...
Irufushi Posted July 18, 2016 Share Posted July 18, 2016 He was some man. Thanks for two Scottish cups Link to comment Share on other sites More sharing options...
Beast Boy Posted July 18, 2016 Share Posted July 18, 2016 Is it too soon to mention that he saved the club? Link to comment Share on other sites More sharing options...
Stephen Muddie Posted July 18, 2016 Share Posted July 18, 2016 Is it too soon to mention that he saved the club? Not at all. The new stand should be renamed the King Vladimir IMO Link to comment Share on other sites More sharing options...
Spencer Posted July 18, 2016 Share Posted July 18, 2016 Puddin pullers will be out in force imminently whacking themselves into a frenzy at the mere mention of the Russian Link to comment Share on other sites More sharing options...
Rudolf's Mate Posted July 18, 2016 Share Posted July 18, 2016 Am I the only person seething at this revelation? We could have been in the champions league group stages with that kind of cash! Link to comment Share on other sites More sharing options...
Shanks Posted July 18, 2016 Share Posted July 18, 2016 Hearts legend. What a ****ing ride we had. Link to comment Share on other sites More sharing options...
Unknown user Posted July 18, 2016 Share Posted July 18, 2016 Am I the only person seething at this revelation? We could have been in the champions league group stages with that kind of cash! No I'm surprisingly irritated by this too Link to comment Share on other sites More sharing options...
jambogemz Posted July 18, 2016 Share Posted July 18, 2016 Puddin pullers will be out in force imminently whacking themselves into a frenzy at the mere mention of the RussianMost are at it. He did give the Club a stay of execution though. Then the fans came along and saved the Club. Link to comment Share on other sites More sharing options...
Rudolf's Mate Posted July 18, 2016 Share Posted July 18, 2016 No I'm surprisingly irritated by this tooAnd another few World Cup stars Link to comment Share on other sites More sharing options...
Footballfirst Posted July 18, 2016 Share Posted July 18, 2016 Romanov's debt reductions 16-Nov-05 2,000,000 (SMG) Loan stock + interest forgiveness 31-Jul-08 12,000,000 Debt for equity swap 31-Jul-10 5,926,000 Related party forgiveness 31-Jul-10 1,255,000 Parent Company forgiveness 31-Jul-10 721,000 (SMG) Loan stock forgiveness 11-Nov-10 10,000,000 Debt for equity swap 30-Jun-12 8,804,000 Parent Company forgiveness Grand Total 40,706,000 Add to that another ?17.5M surplus on player trading and the total that was "squandered" on Hearts reaches ?58M. That's at a comparable annual level to what SDM "squandered" from BOS an other loans on Rangers Link to comment Share on other sites More sharing options...
Bring Back Paulo Sergio Posted July 18, 2016 Share Posted July 18, 2016 If it wasn't for romanov we wouldn't have tynecastle not to mention so many 5-1 or Skacel. You could forget about Hartley. He would have been off to Celtic long before he could score a hat-trick against Hibs in a Scottish cup Semi. You can take that to the ****ing bank, not UKIO, though. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted July 18, 2016 Share Posted July 18, 2016 This. Link to comment Share on other sites More sharing options...
jimmythegent Posted July 18, 2016 Share Posted July 18, 2016 Hopefully he is safe and enjoying his retirement. Link to comment Share on other sites More sharing options...
BangkokHearts Posted July 18, 2016 Share Posted July 18, 2016 His statue should be atop a column and rotate to face the sun at all times of the day. Or we could name the new stand after him? Link to comment Share on other sites More sharing options...
Bridge of Djoum Posted July 18, 2016 Share Posted July 18, 2016 We should have an official Vladimir Romanov day. Some date significant to his tenure. Link to comment Share on other sites More sharing options...
Michael_Jackson Posted July 19, 2016 Share Posted July 19, 2016 I take great joy in imagining him sitting with a pina colada on a beach watching our European games with a fond grandfatherly/playboy smile. Link to comment Share on other sites More sharing options...
ToadKiller Dog Posted July 19, 2016 Share Posted July 19, 2016 Shame he will never be able to leave Russia , would be great to have the great man back to open the new stand and see his dream come true . Link to comment Share on other sites More sharing options...
Watt-Zeefuik Posted July 19, 2016 Share Posted July 19, 2016 You'd think after all this time I could actually sort out who was serious and who was on the wind up, but I'm not the sharpest spoon in the drawer... Link to comment Share on other sites More sharing options...
Stephen Muddie Posted July 19, 2016 Share Posted July 19, 2016 Hope he comes to the Krasnodar away game (if we make it *touches wood*). A Euro away trip was how it all started, would be fitting. Will never forget the unbelievable feeling in Portugal to hear that Pieman was about to GTF and we were not going to Muddyfield. Link to comment Share on other sites More sharing options...
Sarah O Posted July 19, 2016 Share Posted July 19, 2016 When is the statue going up? Our greatest leader. Stuck it to the man. Link to comment Share on other sites More sharing options...
Seymour M Hersh Posted July 19, 2016 Share Posted July 19, 2016 Romanov's debt reductions 16-Nov-05 2,000,000 (SMG) Loan stock + interest forgiveness 31-Jul-08 12,000,000 Debt for equity swap 31-Jul-10 5,926,000 Related party forgiveness 31-Jul-10 1,255,000 Parent Company forgiveness 31-Jul-10 721,000 (SMG) Loan stock forgiveness 11-Nov-10 10,000,000 Debt for equity swap 30-Jun-12 8,804,000 Parent Company forgiveness Grand Total 40,706,000 Add to that another ?17.5M surplus on player trading and the total that was "squandered" on Hearts reaches ?58M. That's at a comparable annual level to what SDM "squandered" from BOS an other loans on Rangers Any "exclusives" in the Herald (or any of the smsm) about that? Link to comment Share on other sites More sharing options...
superjack Posted July 19, 2016 Share Posted July 19, 2016 We should have an official Vladimir Romanov day. Some date significant to his tenure.19th of may? Link to comment Share on other sites More sharing options...
Daveandal Posted July 19, 2016 Share Posted July 19, 2016 It's Stockholm syndrome but my god I still love that crazy Russian / Lithuanian. Link to comment Share on other sites More sharing options...
Beast Boy Posted July 19, 2016 Share Posted July 19, 2016 We should have an official Vladimir Romanov day. Some date significant to his tenure. http://www.scotsman.com/sport/football/competitions/premiership/romanov-pushes-through-vote-to-cancel-ground-sale-1-671001 Here's a good date... 11th January 2005 Link to comment Share on other sites More sharing options...
hughesie27 Posted July 19, 2016 Share Posted July 19, 2016 An adventure worth every minute of Administration. Link to comment Share on other sites More sharing options...
letsalllaughathobos Posted July 19, 2016 Share Posted July 19, 2016 Man's a hero Link to comment Share on other sites More sharing options...
Charlie-Brown Posted July 19, 2016 Share Posted July 19, 2016 It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair. God bless Mr Romanov wherever he may be...it was fun whilst it lasted. ? Link to comment Share on other sites More sharing options...
@VladMagic Posted July 19, 2016 Share Posted July 19, 2016 Vlad is well and truly MAGIC!! Link to comment Share on other sites More sharing options...
newbie Posted July 19, 2016 Share Posted July 19, 2016 Some people have short memories. Whilst he undoubtedly lavished many millions of pounds on Hearts during the period of his tenure, he was a megalomaniac who arrogantly (but wrongly) assumed he was qualified to identify quality players to improve an ever increasing squad. The reality was that the quality of those players, particularly the vast majority of the dozens of Lithuanians brought in, was nothing short of abysmal, and certainly no better than what was already available in Scotland. Vlad's interference/meddling didn't stop there, as he was also renowned for team selection in a bumbling, amateurish sort of way that smacked of a childish "it's my money and I'll do what I want" stylee. Who knows what we might have won if the professionals were allowed to do their jobs unhindered, George Burley being a case in point. Let's also not forget that whilst Vlad may have saved the club when he took over, he almost killed the club as he was leaving. I credit him for standing up to the GFA, but little else. Link to comment Share on other sites More sharing options...
Australis Posted July 19, 2016 Share Posted July 19, 2016 Stay safe King Vlad, brought the ex Soviet navy to Hampden to celebrate our cup win too. Still at Tynie, smashed the wee team 1-5 in the biggest derby ever and looked class in his kilt. Told the corrupt SFA that they looked after only two sides in Scotland and that they were corrupt. Look after him president Putin, you have a gem there. Link to comment Share on other sites More sharing options...
manaliveits105 Posted July 19, 2016 Share Posted July 19, 2016 He didnt screw any UK banks or tax payers unlike hibernian fc though Vlad hated the hobos too Link to comment Share on other sites More sharing options...
manaliveits105 Posted July 19, 2016 Share Posted July 19, 2016 He didnt screw any UK banks or tax payers unlike hibernian fc though Vlad hated the hobos too Link to comment Share on other sites More sharing options...
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