Debt

[blackpoolhibs]

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No world domination i'm afraid or European for that matter but a good quality team that won't get relegated again.

Of course success is reliant on good administrators choosing good managers who will have to sign good players who are not prone to injury. That along with a wee bit of good luck.

The more supporters, the more money we will have to pay for quality players.

I've been reading that book for a good number of years, took it back to the library last week and filed it back in the fiction section.

[TheFall]

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Hiya Rod. Hiya pal. Quiet during the break is it?

Have you stopped arguing with Michael Stewart

[TheFall]

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I've been reading that book for a good number of years, took it back to the library last week and filed it back in the fiction section.

Talking of which I am going to watch the Scotland game

[CropleyWasGod]

Wish I had never said anything. ...

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[JimBHibees]

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An incredibly healthy picture!

Think you're at the wind up here.

Absolutely. Yamtastic or HOH, take your pick.

[The Green Goblin]

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Have you stopped arguing with Michael Stewart

Ouch!

[Franck Stanton]

Started reading the thread, got bored with it, imo, we are football fans, who gives a flying one about behind the scenes, that will take care of themselves, I for one just want a successful football team on the pitch every Saturday, playing good football. When the yams won ths Scottish cup do you think there was even one of them saying " We won the cup, but we are skint" ? Nah didnae think so.

[Bostonhibby]

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Absolutely. Yamtastic or HOH, take your pick.

all properly spelt so my money is on Yamtastic...........

[TheFall]

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Started reading the thread, got bored with it, imo, we are football fans, who gives a flying one about behind the scenes, that will take care of themselves, I for one just want a successful football team on the pitch every Saturday, playing good football. When the yams won ths Scottish cup do you think there was even one of them saying " We won the cup, but we are skint" ? Nah didnae think so.

Is that not what Rangers supporters did and were robbed blind until Dave King came in

[TheFall]

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Wish I had never said anything. ...

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Sorry for dragging you into this

[TheFall]

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all properly spelt so my money is on Yamtastic...........

I hope you are not saying Hibs fans can't spell

[Just Alf]

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all properly spelt so my money is on Yamtastic...........

Mines 2.. sky bet no takin' any more bets!

Wonder why?

Lol!

GGTTH

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[FranckSuzy]

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Excuse my ignorance.
I should know this stuff.

Do Hibs have any debt or loans?
Do Hibs own Easter Road or does Tom Farmer?
Do Hibs own the training facility or does Tom Farmer?

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Hibs have a loan due to the holding company. Being paid off, interest free, at £500k pa. It was £5m at 31 July 15, therefore will currently be £4.67m.

No other debt, other than the normal working capital creditors.

Hibs own both ER and EM.

That's what 'wee teams' do. 'Big teams' just owe it to themselves.

[TheFall]

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Mines 2.. sky bet no takin' any more bets!

Wonder why?

Lol!

GGTTH

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I have already renewed my Hibs season ticket for next season.
Have those calling me a yam?

[Bostonhibby]

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I hope you are not saying Hibs fans can't spell

Just firing out the controversial statements hoping for a reaction - you know how it works

[FranckSuzy]

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I have already renewed my Hibs season ticket for next season.
Have those calling me a yam?

I hope you have had some proper financial advice then since, bizarrely, you don't seem to have any idea of our financial position....

[brog]

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Shame he's lost 5000 supporters along the way.


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Im no fan of RP but you really need to be factual here. You can't keep comparing our 2nd highest average attendance in the last 50+ years with current attendances. If you do that then you have to acknowledge RP was in charge when we set that average attendance record.

[TheFall]

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I hope you have had some proper financial advice then since, bizarrely, you don't seem to have any idea of our financial position....

No, as a result of not mismanaging my funds I was able to pay for my season ticket without recourse to a financial adviser. Obviously if I had squandered my funds on a Ferrari and all the latest shiny baubles to impress my friends in the short term this would not have been possible.

[villager]

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Playing in the 2nd tier of the footballing backwater thats Scottish football for 2 consecutive seasons, maybe more?

I will thank god when he leaves, i will never thank him for anything else.

[Alfred E Newman]

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Im no fan of RP but you really need to be factual here. You can't keep comparing our 2nd highest average attendance in the last 50+ years with current attendances. If you do that then you have to acknowledge RP was in charge when we set that average attendance record.

At last, someone talking sense.

[J-C]

We sold ...

GOC £1.6m
Whittaker £2m
Thomson £2m
Murphy £1.5m
Brown £4.4m

We built a training complex and finished off the stadium, I'd still like to know what happened to the money and how we were still paying off £5m bank loan?

[blackpoolhibs]

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Im no fan of RP but you really need to be factual here. You can't keep comparing our 2nd highest average attendance in the last 50+ years with current attendances. If you do that then you have to acknowledge RP was in charge when we set that average attendance record.

Yes he was, but the evidence clearly shows he got lucky, 1 from how many is it now shows he knows nothing about appointing managers good enough for our club.

He's gone from appointing manager after manager with completely different philosophies, Mowbray to Butcher, thats the kind of thought that clown puts into appointing managers.

Throw in Fenlon and Calderwood, 2 more managers that play THEIR football as far away from the type of football we supporters want and expect at Hibs, he clearly in my opinion just had a scattergun approach and was completely out of his depth.

So yes lucky, completely lucky and the sooner he's away from the club the better for me.

[CropleyWasGod]

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We sold ...

GOC £1.6m
Whittaker £2m
Thomson £2m
Murphy £1.5m
Brown £4.4m

We built a training complex and finished off the stadium, I'd still like to know what happened to the money and how we were still paying off £5m bank loan?

Our debt, remember, was at £18m at one point.

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[Peevemor]

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We sold ...

GOC £1.6m
Whittaker £2m
Thomson £2m
Murphy £1.5m
Brown £4.4m

We built a training complex and finished off the stadium, I'd still like to know what happened to the money and how we were still paying off £5m bank loan?

At one point the club's debt was in excess of £18m. The car park and the above players were sold, probably bringing in a total of around £20m which, for argument's sake, brings us to +£2m. Then deduct the £9-10m or so spent on EM & the new East stand and we're at minus £7-8m plus (or minus) losses made some seasons.

It's very much fag packet stuff but I don't see any mystery.

[Bostonhibby]

Was talking to my accountant friend about debt the other day, specifically the yam debts before they left everyone high and dry without a backward glance, and also the now defunct Glasgow rangers debt.

His view of business debt was that there's nothing wrong with it if you are paying it as that very act enhanced credit worthiness and your business standing. When a business stops paying and when the details of what it was doing instead of paying its way that's when its true culture is revealed and it's often hard to get rid of the stigma.
Quickly starting trading much the same as before leaving the creditors high and dry is also another reason not to deal with the business on normal credit terms.

[Giro Playboy]

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A foolish man only judges overall health by what he can see on the park.
A wise man looks at the whole picture.

I'm surprised you can see any picture with all that sand in your eyes

[Giro Playboy]

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Yes he was, but the evidence clearly shows he got lucky, 1 from how many is it now shows he knows nothing about appointing managers good enough for our club.

He's gone from appointing manager after manager with completely different philosophies, Mowbray to Butcher, thats the kind of thought that clown puts into appointing managers.

Throw in Fenlon and Calderwood, 2 more managers that play THEIR football as far away from the type of football we supporters want and expect at Hibs, he clearly in my opinion just had a scattergun approach and was completely out of his depth.

So yes lucky, completely lucky and the sooner he's away from the club the better for me.

I doubt Petrie ever gave much thought to football philosophies when appointing managers. If there was 10 candidates then the one wanting the lowest salary got the job.

[CropleyWasGod]

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I doubt Petrie ever gave much thought to football philosophies when appointing managers. If there was 10 candidates then the one wanting the lowest salary got the job.

Is that what happened?

[KeithTheHibby]

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Yes he was, but the evidence clearly shows he got lucky, 1 from how many is it now shows he knows nothing about appointing managers good enough for our club.

He's gone from appointing manager after manager with completely different philosophies, Mowbray to Butcher, thats the kind of thought that clown puts into appointing managers.

Throw in Fenlon and Calderwood, 2 more managers that play THEIR football as far away from the type of football we supporters want and expect at Hibs, he clearly in my opinion just had a scattergun approach and was completely out of his depth.

So yes lucky, completely lucky and the sooner he's away from the club the better for me.

So of those managers that Petrie appointed did you have reservations at the time of their appointment?
It's easy to stick the boot in once things don't work out.

[Giro Playboy]

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Is that what happened?

I would bet my house on it