Petrie is the one constant in all this

[silverhibee]

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STF funded the North and South stands and hasn't had his money back yet.

How does that fit into your theory?

Were they not loans he gave to the club and he gets paid back over time.

Only asking please don't give me a hard time.

[blackpoolhibs]

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If he came in in October he wouldn't have had a choice and if he had the same start as he did at Manu he'd have been hounded by the end of hisfirst season.

If.

[Peevemor]

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Were they not loans he gave to the club and he gets paid back over time.

Only asking please don't give me a hard time.

From July 2003

When Farmer bought the club and its related properties from receivers in 1991, he paid just less than 3million, Hibs claimed yesterday. This sum was made up of 850,000 worth of shares, a loan of 240,000 for a player purchase and 1.75million for the Easter Road stadium and its derelict car park.

Until 1999, the club had been shedding an annual 125,000 to lease the stadium from HFC Holdings. It was then agreed that Farmer should sell Easter Road back to Hibs, along with one acre of the old car park. The price of the transaction was 2.5million in cash, and 3.5million in new shares.
Hibs stressed that this had been an outstanding business coup for the club, as it meant they would be able to create a 21st-century stadium at a plain cost of only 2.5million. Farmer personally guaranteed the 4million Bank of Scotland loan that enabled them to press ahead with reconstruction of the main stand.

He also expanded his loan facility to the club by a further 3million to dilute the damage done during Scottish football’s financial meltdown. This was initially a three-year agreement expiring on 31 July 2002, but he has also allowed Hibs to borrow from his personal fortune over the past 12 months

http://www.scotsman.com/sport/footba...tment-1-657866

[Mikey]

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Were they not loans he gave to the club and he gets paid back over time.

Only asking please don't give me a hard time.

It's the shares owned by Morston Securities. As was mentioned in the original thread, anyone who wanted to buy Hibs would probably have to buy those shares for the £5m they cost STF.

That would be when he would get his money back.

[ahibby]

East Mains is another constant.

[CropleyWasGod]

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East Mains is another constant.

So is Easter Road.

[Bad Martini]

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It's the shares owned by Morston Securities. As was mentioned in the original thread, anyone who wanted to buy Hibs would probably have to buy those shares for the £5m they cost STF.

That would be when he would get his money back.

**** it, since the mental radgeness is being spouted today, I will chip in

Farmer was worth an estimated £130m in 2008...that, was 6 years ago. It's fair to assume he didnt accumulate that by accident so he's bound to have cunningly increased that via business...let us also assume even with a modest interest rate that's grown somewhat...so, we've established he's not skint.

Does anyone seriously think he cares about the £5m he might get back one day, possibly, maybe...from Hibs? As regards a "profit" from it

Am no fan of Petrie. Never have been and I think the man makes the wrong decisions regularly. But Farmer is another matter....if he wanted to make money (which he managed quite well long before he got involved with Hibs) does anyone seriously think he'd waste time trying to make sweeties from a Scottish fitba team??? There must be a good crop of magical mind bending mushrooms on the go round these parts

ENDOF

[Weir7]

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It's the shares owned by Morston Securities. As was mentioned in the original thread, anyone who wanted to buy Hibs would probably have to buy those shares for the £5m they cost STF.

That would be when he would get his money back.

Farmer bought Hibs for £725k. Source Rod Petrie. That also included the Car Park which sold for millions.

[Mikey]

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Farmer bought Hibs for £725k. Source Rod Petrie. That also included the Car Park which sold for millions.

And what happened to the millions?

[CropleyWasGod]

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Farmer bought Hibs for £725k. Source Rod Petrie. That also included the Car Park which sold for millions.

Before Mikey gets in.....

http://www.hibs.net/showthread.php?1...m-the-car-park

There ought to be a Bot program in place every time the words "Car Park" "Straiton" and "Rod's salary" come up.

Edit... damn, he got in there first.

[Caversham Green]

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It's the shares owned by Morston Securities. As was mentioned in the original thread, anyone who wanted to buy Hibs would probably have to buy those shares for the £5m they cost STF.

That would be when he would get his money back.

Actually, that's changed somewhat. In July 2009 Morston sold the shares to Infocus Investments Ltd for £1. The significance of that is that Infocus are the immediate parent company of HFC Holdings Ltd while Morston are owned by STF, but not within the Hibs group, so Morston appear to have taken a £5m hit on the deal. The HFC Annual Return shows that the preference shares are now 10% owned by Rod Petrie, so they're held in exactly the same ratio as the ordinary shares, which means they have no real effect on the distribution of the proceeds if they were ever to sell the club. The shares have pretty much been written off and are now a paper entry only.

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Farmer bought Hibs for £725k. Source Rod Petrie. That also included the Car Park which sold for millions.

All of which came back to the club.

[Onceinawhile]

Lewis Stevenson. Another constant.

[One Day Soon]

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Lewis Stevenson. Another constant.

There have been quite a few 'constants' on this thread and on .net over the weekend.

[greenpaper55]

I constantly want Hibs to win.

[ekhibee]

What a lot of people have to remember is that in the summer we will not be starting from 0. Before Butcher gets a decent amount of money to spend a lot of dross has to get moved on first, and if nobody wants them it gets harder. This is where I would make Petrie partially responsible. Certainly with Calderwood and Fenlon, and possibly other managers, he let them stay at the club too long when it was pretty clear nothing was progressing, and consequently they were able to bring in players that we might well have a problem moving on. It'll be interesting to see what kind of budget Butcher gets to play with in the summer, and whether we can get rid of the dross quickly to bring in new faces as soon as possible, because sadly, this team just aren't cutting it, and I'm not just talking about the cup game.

[147lothian]

Farmer is interested in making money, it's something he is very good at, there is a big difference in giving something to Hibs and giving a loan, lots of people will come into buy football clubs when they are going at a low cost, its a business investment for them at the end of the day

[One Day Soon]

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Farmer is interested in making money, it's something he is very good at, there is a big difference in giving something to Hibs and giving a loan, lots of people will come into buy football clubs when they are going at a low cost, its a business investment for them at the end of the day

It is almost never a business investment for anyone putting money into a football club. And given how few people there are with the money to buy Scottish clubs the notion of supporting stadium redevelopment, putting the finances in order and building a state of the art training centre (and therefore substantially increasing the cost to anyone else of trying to buy the club) makes no sense in money making terms. You only do these things if you are committed to the institution itself, since you are effectively pricing any money making option out of the market.

Which May explain why Vlad didn't invest in either a training centre or a new main stand for the Yams. He was interested in ripping the pi5h out of them with other people's money, adding it to his business empire as a neat foreign launderette and of course trying to use association with an old Edinburgh institution to give credibility to his 'bank'. Unfortunately it worked the other way around, his 'bank' and wider business dealings gave toxic incredibility to his football club.

[silverhibee]

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What a lot of people have to remember is that in the summer we will not be starting from 0. Before Butcher gets a decent amount of money to spend a lot of dross has to get moved on first, and if nobody wants them it gets harder. This is where I would make Petrie partially responsible. Certainly with Calderwood and Fenlon, and possibly other managers, he let them stay at the club too long when it was pretty clear nothing was progressing, and consequently they were able to bring in players that we might well have a problem moving on. It'll be interesting to see what kind of budget Butcher gets to play with in the summer, and whether we can get rid of the dross quickly to bring in new faces as soon as possible, because sadly, this team just aren't cutting it, and I'm not just talking about the cup game.

I suppose that will all come down to how many STs are sold for next season, a top six finish this season could be the turning point on whether some renew or not, it has been said for the last two seasons when we got to two cup finals that the club used this as a way for fans to renew and they would get first dibs on cup final tickets, that will now not happen this season so fans who are STs may decide to wait and see if the club/board stand up and be counted and get players that the management team have identified in straight away in the summer transfer window.

[Hibercelona]

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Lewis Stevenson. Another constant.

Hibs have also been a constant!

[Viva_Palmeiras]

Like those ultra violet things that Zapp flies we need
one for folks that are attracted moth stylee to all things anti_Petrie.
Be original. Do folks really believe All the &@£): storms lead to Petrie?
He must have however bristled the snatches of some folks nearest and dearest in a former moustachioed existence...