You're right some of the deals we've done for potentially very little cash is impressive. We just have to hope that next season we can replicate that.
Only Aberdeen and Hearts fans then. Fans of all the other clubs will correctly deduce that they could not afford those players anyway. The quality of the current squad is largely down to the fact that we are averaging 18k attendances now. That gives us a massive advantage over most clubs in the league which was not there before. If crowds drop, the quality of signings will drop again as well.
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Aside from the financial mechanics, a big part of how we are doing this is Neil Lennon's reputation and contacts. A manager who is well known, has been there, seen it and done it and who through his career has developed extensive contacts among top players and managers alike is going to be far better placed to influence players to join us.
If I was STF I'd structure an interest free loan to be repaid at a fixed rate linked to revenue or profitability. If revenue/profit increases then the loan is repaid faster using the extra. Only fair. Maybe that's what is happening?
P.S. Other Cropleys' tuppence worths are available
Going by the updated wording in the note, I think that is roughly what has happened (£500K min + an extra amount linked to profit). :agree:
While I still believe Hibs would be better off keeping the money themselves if possible, it's certainly not an unreasonable stipulation for STF to have included.
Paying extra back to STF when we have a cash surplus would allow us to reduce payments when we have bigger cash commitments - wouldn't it? Having money on deposit doesn't earn you much these days.
Sounds to me like a sensible thing to do - it's not as if STF will receive more than the £500k he loaned us.
Imagine the potential team we could build when the loan is repaid and we have an extra 500k to put into the footballing department.
We have sold more SeasonTickets this year than last Folk knew we were likely to loose McGinn ,Dylan and were hopefully we would get Allan back
That tells me Supports still want to back the Club and were confident we would bring in Quality replacements
Fans now though want us to play attractive football finish higher in League than last Season and qualify for Europe and if possible win a Cup
All possible at this stage
What's clear is that The Rangers will get stronger with each passing Transfer Window so therefore we do need to try and finish third this Season and ensure we stay above Hearts and Aberdeen
If we can do that this Season and increase H S L membership by another 500 between now and end of Season , hopefullyvwe can build on that each Season with 14 000 Season Ticket Holders next Season
That has to be the Aim and the Performance on Saturday deserved a bigger Crowd Although the South Lower was fuller than normal
I would agree it certainly gives us some advantage, but what shouldn't be forgotten is that compared to a good few Scottish clubs we also have a massive infrastructure to service and run. I would imagine the maintenance of Easter Road and running East Mains takes a reasonable amount out of our budget every year.
Like every Scottish club with the possible exception of Celtic we rely hugely on bums on seats … Our current upturn in income through the gate is not something Hibs can use in any long term planning IMO, mainly because it isn't based on a nationwide trend like the EPL is for example. Yes there is a modest overall increase in Premiership crowds, but our amazing upturn way exceeds that trend and its impossible to say for certain that that support would continue if the club had a barren season.
My take on it is that we will gradually lose a percentage of the feelgood support, even if we continue to perform well, as the novelty wears off and that if we have a bad season we will lose some more as the folk who only think a team is worth supporting if its doing well lose heart. The hope is that after that happens the hard core support who are prepared to stick with the club during the hard times goes from the pre 21/05/16 level of about 8,000 to a figure of about 11,000.
That is the sort of mindset I would have if I was running the club …. Though of course the aim would always be to work as hard as possible to keep growing the clubs support to the point where increasing the stadiums capacity became a no brainer and to be fair to the current incumbents I think that is what they are doing.
You are dead right BSEJVT I heard recently that there is more and more money pouring into FOH we really need to up our game with HSL
How do we know the amount over £500k has gone towards clearing off the outstanding debt, as opposed to going to STF company?
The loan is interest free; however could a clause have been entered that X amount of profit/turnover goes to STF company instead?
Hopefully I’ll be quickly put wrong.
Yes, it does.
2017 balance - £4,041,659
2018 balance - £3,481,655.
In other words, we paid £560,004 during the year. £60,004 more than we normally pay.
The accounts say that the loan is repayable by "...monthly instalments of £41,667 plus any accelerated annual payments triggered by the results of the company".
I read from that.. 12 x £41,667, plus a one-off payment of £60,000.
I'm surprised nobody from the ponzi scheme mob have not jumped on this overpayment and turned it into a new scandal.
I recall that we were supposed to be building a full size indoor pitch at east mains, has there been any provision made for this in the accounts. Personally i think this should go ahead, and if its possible to rent it out to clubs who would find it beneficial to there needs. GGTTH. :nlgwa :aok: