FBK Kaunas To Hearts
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FBK Kaunas To Hearts
Vladimir Romanov, a Russian born Lithuanian businessman, initially acquired 19.6% stake at Hearts during the 2004–05 season. After Romanov made financial guarantees, his stake increased to 29.9%, which was welcomed by a fans representatives. Romanov eventually increased his majority share in Hearts to 82%. Romanov no longer has any links to HMFC as both Ukio Bankas and UBIG have become insolvent. His shares are held by the liquidators of UBIG. An arrest warrant has supposedly been issued in his name to answer a number of irregularities in the accounts of both Ukio Bankas and UBIG. Background and takeover Hearts, like many other Scottish Premier League clubs, ran into severe financial difficulties during the early part of the 2000s. An assessment by PWC in the autumn of 2003 found that Hearts, along with four other SPL clubs, were technically insolvent. Dundee and Livingston subsequently went into administration, while Hibs and Dunfermline both took drastic measures t ...
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Vladimir Romanov
Vladimir Nikolayevich Romanov ( rus, Владимир Николаевич Романов, p=vlɐˈdʲimʲɪr nʲɪkɐˈlaɪvʲɪtɕ rɐˈmanəf, lt, Vladimiras Romanovas; born 15 June 1947)Romanov: lord of the dance
''Scotland on Sunday'', 23 December 2007
is a Russian-Lithuanian businessman. He was chairman of UBIG Investments, which owned a majority of the shares in failed Lithuanian bank Ūkio Bankas. Cash flow from the bank enabled him to stake significant stakes in various sporting clubs, becoming the majority shareholder in both

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Tynecastle Stadium
Tynecastle Park is a football stadium in the Gorgie area of Edinburgh, which is the home ground of Scottish Professional Football League club Heart of Midlothian (Hearts). It has also hosted Scotland international matches, and been used as a neutral venue for Scottish Cup and Scottish League Cup semi-finals. Tynecastle has a seating capacity of , which makes it the sixth-largest football stadium in Scotland. Hearts have played at the present site of Tynecastle since 1886. History After Hearts was formed in 1874, the club played at sites in the Meadows, Powburn and Powderhall. Hearts first moved to the Gorgie area, in the west of Edinburgh, in 1881. This pitch, known as "Tynecastle Park" or "Old Tynecastle", stood on the site of the present-day Wardlaw Street and Wardlaw Terrace. As this site was then regarded as being 'out of town', Hearts would sometimes stage two matches for the price of one, or set an admission price much lower than Edinburgh derby rivals Hibs. In 188 ...
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George Foulkes, Baron Foulkes Of Cumnock
George Foulkes, Baron Foulkes of Cumnock (born 21 January 1942) is a Scottish politician and life peer who served as Minister of State for Scotland from 2001 to 2002. A member of the Scottish Labour Party and Co-operative Party, he was Member of Parliament (MP) for Carrick, Cumnock and Doon Valley, formerly South Ayrshire, from 1979 to 2005. He was later a Member of the Scottish Parliament (MSP), as one of the additional members for the Lothians region, from 2007 to 2011. Born in Shropshire, Foulkes was educated at Keith Grammar School in Moray and privately at The Haberdashers' Aske's Boys' School in West Hampstead and studied Psychology at the University of Edinburgh. He served as President of the Scottish Union of Students before being elected to City of Edinburgh District Council and Lothian Regional Council. After unsuccessfully contesting Edinburgh West in 1970 and Edinburgh Pentlands in October 1974, he was elected to represent South Ayrshire in parliament a ...
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Chair (official)
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''speaker''. ''Chair'' has been used to refer to a seat or office of authority ...
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Sunday Herald
The ''Sunday Herald'' was a Scottish Sunday newspaper, published between 7 February 1999 and 2 September 2018. Originally a broadsheet, it was published in compact format from 20 November 2005. The paper was known for having combined a centre-left stance with support for Scottish devolution, and later Scottish independence. The last edition of the newspaper was published on 2 September 2018 and it was replaced with Sunday editions of ''The Herald'' and ''The National''''. Circulation In July 2012, the newspapers' publishers classified the ''Sunday Herald'' as a regional instead of a national title. Between July and December 2013, the ''Sunday Herald'' sold an average of 23,907 copies, down 7.5% on the 12 months previous. After declaring support for Scottish independence, The ''Sunday Herald'' received a huge increase in sales, with circulation in September 2014 up 111% year on year. By 2017 circulation had fallen to 18,387 and in August 2018 staff were told they would now ...
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Dundee United F
Dundee (; sco, Dundee; gd, Dùn Dè or ) is Scotland's fourth-largest city and the 51st-most-populous built-up area in the United Kingdom. The mid-year population estimate for 2016 was , giving Dundee a population density of 2,478/km2 or 6,420/sq mi, the second-highest in Scotland. It lies within the eastern central Lowlands on the north bank of the Firth of Tay, which feeds into the North Sea. Under the name of Dundee City, it forms one of the 32 council areas used for local government in Scotland. Within the boundaries of the historic county of Angus, the city developed into a burgh in the late 12th century and established itself as an important east coast trading port. Rapid expansion was brought on by the Industrial Revolution, particularly in the 19th century when Dundee was the centre of the global jute industry. This, along with its other major industries, gave Dundee its epithet as the city of "jute, jam and journalism". Today, Dundee is promoted as "One City, ...
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The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, the paper's main news ...
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Football In Lithuania
Football is one of the top two most popular sports in Lithuania by the quantity of active sportsmen. However, with only 52,000 match spectators a year (2019) in all top league matches, it falls far behind country's most popular sport, basketball. Other variations of football like futsal, 5-a-side to 8-a-side football, beach soccer have become fairly popular as well. The former Soviet republic made their return as an independent football nation in 1992. In the qualification for the Euro 2004, Lithuania held Germany to a 1–1 draw in Germany and won against Scotland. In the qualification for Euro 2008 they played away to the 2006 World Cup winners Italy and drew 1–1. They also defeated Romania 3–0 in Lithuania, in another shock performance. History In 1922 in Lithuania first local soccer championships began, largest ones being in Kaunas, Klaipėda and Šiauliai counties. Since 1931 a country-wide soccer championships were held regularly each year. During soviet occupati ...
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Football In Scotland
Association football ( sco, fitbaa, gd, ball-coise) is one of the national sports of Scotland and the most popular sport in the country. There is a long tradition of "football" games in Orkney, Lewis and southern Scotland, especially the Scottish Borders, although many of these include carrying the ball and passing ''by hand'', and despite bearing the name "football" bear little resemblance to association football. Founded in 1873, Scotland has the second oldest national Football Association in the world (behind England's FA), and has various professional and amateur levels. The trophy for the national cup, the Scottish Cup, is the oldest national sporting trophy in the world. Scotland and Scottish football clubs hold many records for football attendances. Origins A game known as "football" was played in Scotland as early as the 15th century. It was prohibited by the Football Act 1424, as it distracted men from their marital duties, and although the law fell into disuse, ...
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Invest
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect o ...
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Escape Clause
An escape clause is any clause, term, or condition in a contract that allows a party to that contract to avoid having to perform the contract. If an agreement was drawn up for the sale of a house, for example, the purchaser could include some kind of escape clause in the contract, which will allow him to "escape" from the contract without being liable for breach of contract. Real estate escape clauses A "Subject to a builder's inspection to purchaser's full satisfaction" clause is one example of an escape clause. This clause effectively allows the purchaser to "escape" from the contract if an inspection reveals any irregularities or defects. Another example is the "Subject to 30-day due diligence" clause, which effectively gives the purchaser a 30-day buffer period to inspect any and all aspects of the property before having to commit to the purchase. A 72-hour clause is an example of a seller's escape clause that may appear in real estate contracts. The finance contingency ...
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Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called Public company, ''publicly traded companies''. Public limited companies will also have a separate legal identity. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public l ...
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