EVERY Hearts supporter was desperate for the demise of their football club to be prevented and for liquidation to be avoided, but the euphoria of coming out of administration has been diluted by the contents of the recently published agreements.
The three main agreements - HoM & FoH, FoH & Bidco, and Bidco & HoM - when read and analysed are very stringent. They may be legally and technically precise, but they are not as predicted by the original FoH board.
Pledgers may have gone along with the £3.8m working capital over three years being reduced to two years, and may accept an interest rate of 6% plus 2% late payment penalty, but will they agree that for the next five years Bidco can veto FoH board appointments and demand regular details of the FoH accounts?
The cruncher for me as a pledger is the requirement for FoH to advance a minimum of £300,000 per quarter to HoM and £200,000 per quarter minimum for Bidco’s loan.
I will continue my pledge, meantime, but I am not happy, and if the promised FoH AGM does not produce a convincing explanation as to why the nine-man FoH board accepted these severe conditions “at the 11th hour”, my direct debit will be cancelled, along with others, I presume, when they read the details in the agreements.
None of us expected philanthropy, but we had a right to expect a fair and reasonable business arrangement.
George F Black, Murdoch Terrace, Edinburgh
Blair was wrong then and he’s wrong now
THE Iraq invasion of 2003 was a grievous error on the part of the UK.
Now it emerges that former Prime Minister Tony Blair says the current situation has nothing to do with his decision to send troops alongside the Americans. He is wrong.
The past shapes the present, as the present shapes the future.
What was the Iraq war about - justice for the folk of Iraq, fair play and freedom?
Or was it about the vast oil reserves?
Western powers have historically set up puppet leaders who agree to terms favourable to their overlords. It’s the story of this world.
Many people are turned off by posturing and lip service from leaders who talk of peace but prepare for war.
Why do nations waste huge sums on nuclear weapons when they can never be used?
Who do politicians represent? Not the low-paid or the quiet majority who are opposed to the cruelty and stupidity of war.
When politicians say they have a mandate for action, they do not, unless it was previously agreed by referendum.
Tony Blair may say as he likes, but his words do not ring true. My own view of war is that money wasted on death could be better spent.
Trevor Swistchew, Victor Park Terrace, Edinburgh
Proud Scots still need convincing answers
I AM Scottish. I was born in Scotland, educated in Scotland, worked in Scotland, live in Scotland and will probably die in Scotland.
I am a 78-year-old Scot, but my Scottishness does not stop at Berwick on Tweed or Hadrians Wall, or the borders of Wales or the Irish Sea. I am also a citizen of the United Kingdom.
My passport states that I am British and I am content for it to remain so. Will I be better off if we break from the UK? I don’t want to be better off than our UK partners. I want a level playing field for all and I think the present system of government is divisive and outdated, but not to the extent of seeking independence.
For me there are too many unanswered question regarding pensions (state and occupational), currency (£ sterling or X), commerce, Europe (in or out), defence, immigration, foreign policy and the cost of Scotland becoming independent.
It is not good enough for the SNP to talk about scaremongering by the Better Together side. I want answers, not a meaningless dismissal of my concerns.
I am mindful that at 78 I am coming to the end of my natural lifespan and that younger generations possibly see independence as a positive step towards a better life.
If after consideration of all the pros and cons they decide to vote for independence, so be it. They have to live with the consequences, good or bad.
All I ask is that everyone, young, middle-aged and elderly, make a considered and informed decision before placing their cross on the referendum voting paper.
W Gray, Oxgangs Avenue, Edinburgh
We need inquiry into Faslane nuclear leak
THERE have been 398 reported security breaches since 2010 at nuclear power stations in Britain. Experts fear the number could be even higher.
We know that breaches also occurred at Faslane nuclear submarine base, when anti-nuclear protesters got in by cutting a wire fence.
Thank God these people were not terrorists or it might have been a different story.
The Government also failed to tell our parliament in Holyrood about a radiation leak from Trident nuclear sub HMS Vanguard two years ago when they had to shut down the naval reactor test.
We need an inquiry into the handling of radiation leaks.
Let’s rid ourselves of these nuclear subs before the unthinkable might happen.
John Paxton, Lanark Road, Colinton, Edinburgh