Fact or Fiction?

[CMurdoch]

Found the following post on Jambo kickback a few hours ago.

Is it fact or fiction?

"Just had a very interesting conversation with a Hibs official. Did you know that the offices that are within the main and away stands at Easter Road are owned by a private company, not Hibs themselves? So there are parts of that ground that don't even belong to the club?

I was was shocked to hear that. The person who told me was actually quite angry that the Hibs charity (The Hibs foundation) have to PAY a private company to have a base at Easter Road. They then went on to compare our new stand, where we have gifted an area to the Big Hearts charity free of charge (obviously).

So the next time a daft Hibby talks of our new 'office block', just tell them at least those offices are ours...and we don't charge our own charity to use them!!

Anyway, just a random wee bit trivia that'll make no odds to most of you no doubt. Just thought it was interesting 😉"

[Firestarter]

Pish. We own the stadium, all of it.

[DarlingtonHibee]

One for Cwg, but I think we do rent the offices, but highly subsidised by STF comp. I could be wrong of course.

[Bostonhibby]

It's a bit like being "self sufficient" or owning it to ourselves. Or a Vladimir Romanov share issue. I'll vote fiction.

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[NGP]

Re Big Hearts Foundation - Pre new build, they used to have a couple of desks in the main office area for Tynecastle. Just before administration hit, the club (desperate for cash) then decided to charge 'rent' for this desk space. The club charged the Big Hearts Foundation £36,000 for back dated unpaid rent. Guess how much was in the BHF bank account at the time - £36,000. The BHF had to strip back what they were doing and several youth workers lost hours because of this. BHF do excellent work and I was doing some partnership work with at the time.

BHF were also one of the creditors on the list.

[CropleyWasGod]

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Pish. We own the stadium, all of it.

....except the ticket office.

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[DarlingtonHibee]

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....except the ticket office.

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Thought that, we pay a rental on it?

[CropleyWasGod]

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Thought that, we pay a rental on it?

24k pa to the holding company.

STF kept it out of the football club, IMO as a hedge against asset strippers. If they want the land that the stadium is on, they'd be held to ransom over the small part that the TO is on.

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[DarlingtonHibee]

Thanks for clarification as always.

[NAE NOOKIE]

QUOTE=DarlingtonHibee;5190932]One for Cwg, but I think we do rent the offices, but highly subsidised by STF comp. I could be wrong of course.[/QUOTE]

I have no idea if the quote from the Yam is correct or not. But it seems daft to me to be renting offices in a stadium you are supposed to own, if there is any truth in it I would be interested to see how this situation has come about and in what way its beneficial to Hibs .... in fact if there is any truth to this I'd be especially interested to see how such a situation has arisen.

If as you suggest DH the offices are 'highly subsidised by STF' then is it the case that he owns them and rents them out to Hibs in the same way as he owns the ticket office and we pay him 25K a year to rent that? If that's true how is money being taken out of the club to rent facilities we should own and use for nothing a good thing?

The bottom line here is that Hibs have made a big play about 'the club' owning the stadium and the training ground .... but if any of these facilities are in fact owned by a 3rd party ( even if it is STF ) and Hibs are paying to rent them its the weirdest form of 'ownership' I've ever heard of. On top of that for me it calls into question the deal for BTG done with the NHS ..... does STF own that too and if he does where is the NHS rent money going, is it all going towards the benefit of Hibs or is all or some of it going into STF's companies?

Perhaps all the answers are in the club accounts and my cursory glance at them every year missed it, which is entirely possible But is it possible that once 51% fan ownership is realised we will find that the 49% in the hands of STF and RP mean we continue to rent large chunks of something we all ( well me at least ) thought would belong to the club?

To be clear, I'm not looking to start or jump on any Tom Farmer bashing bandwagon. I just don't know the answers to the questions I have posed, but even if the source is a dodgy Yam post I would like to think folk ITK on here can quickly debunk it .... because if it is true I would need somebody to explain to me how its an arrangement beneficial to Hibernian FC

Edit:

After all that I've just seen the post about the ticket office. If that's all we are talking about that's well known and is clearly shown in the accounts, its not part of the stadium and therefor I've wasted my time lol

[DarlingtonHibee]

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I have no idea if the quote from the Yam is correct or not. But it seems daft to me to be renting offices in a stadium you are supposed to own, if there is any truth in it I would be interested to see how this situation has come about and in what way its beneficial to Hibs .... in fact if there is any truth to this I'd be especially interested to see how such a situation has arisen.

If as you suggest DH the offices are 'highly subsidised by STF' then is it the case that he owns them and rents them out to Hibs in the same way as he owns the ticket office and we pay him 25K a year to rent that? If that's true how is money being taken out of the club to rent facilities we should own and use for nothing a good thing?

The bottom line here is that Hibs have made a big play about 'the club' owning the stadium and the training ground .... but if any of these facilities are in fact owned by a 3rd party ( even if it is STF ) and Hibs are paying to rent them its the weirdest form of 'ownership' I've ever heard of. On top of that for me it calls into question the deal for BTG done with the NHS ..... does STF own that too and if he does where is the NHS rent money going, is it all going towards the benefit of Hibs or is all or some of it going into STF's companies?

Perhaps all the answers are in the club accounts and my cursory glance at them every year missed it, which is entirely possible But is it possible that once 51% fan ownership is realised we will find that the 49% in the hands of STF and RP mean we continue to rent large chunks of something we all ( well me at least ) thought would belong to the club?

To be clear, I'm not looking to start or jump on any Tom Farmer bashing bandwagon. I just don't know the answers to the questions I have posed, but even if the source is a dodgy Yam post I would like to think folk ITK on here can quickly debunk it .... because if it is true I would need somebody to explain to me how its an arrangement beneficial to Hibernian FC

See Cwg reply

[NAE NOOKIE]

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See Cwg reply

I just have and have edited my post accordingly ........... F'ing Yams, I should know better

[DarlingtonHibee]

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See Cwg reply

Just to clarify I did mean the ticket office.

[Pretty Boy]

I'm more interested in their belief they have better songs than our 'repetitive' ones.

It's those simple, repetitive songs that have seens is stroll into your place and outsing you regularly in the last few seasons you clowns. Maybe lyrical genius such as 'we hate Hibs they make us spew up' attracts critical acclaim but it's useless if no one joins in with it.

[NAE NOOKIE]

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Just to clarify I did mean the ticket office.

Yup, got it mate. All of my post on the matter can now be filed under the heading of knee jerk pish, in reaction to something I should have thought harder about before I posted, especially considering the source

[DarlingtonHibee]

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Yup, got it mate. All of my post on the matter can now be filed under the heading of knee jerk pish, in reaction to something I should have thought harder about before I posted, especially considering the source

Don't worry about it, mon the Hibs

[NAE NOOKIE]

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I'm more interested in their belief they have better songs than our 'repetitive' ones.

It's those simple, repetitive songs that have seens is stroll into your place and outsing you regularly in the last few seasons you clowns. Maybe lyrical genius such as 'we hate Hibs they make us spew up' attracts critical acclaim but it's useless if no one joins in with it.

I noticed the Eire fans in Cardiff were singing a song to the tune of 'Runaround Sue' the other night ... I wonder where they got that idea from

[Firestarter]

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....except the ticket office.

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I've always considered that separate regardless and I know it's on the right hands.

[One Day Soon]

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Yup, got it mate. All of my post on the matter can now be filed under the heading of knee jerk pish, in reaction to something I should have thought harder about before I posted, especially considering the source

To be fair, your post above probably applies to a good 75% of what can be found here.

[Bostonhibby]

Is it worth mentioning that but for walking away from the tens of millions of their hundreds of creditors money they wouldn't be building anything?

And the small matter of them owning nothing until yet another enormous debt plus interest is paid to the one shareholder?

One grey looking stand and millions in debt already.

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[HIBERNIAN-0762]

Yam fuds are liars, cheats, deluded muppets and.......

Fuds

That is all

[ancient hibee]

For a third party to own offices in a stand they would have had to be sold to the third party by Hibs in the first place which even a little thought about would have seemed unlikely.

[Northernhibee]

Here's a new one for you.

A team who only ever sang about their rivals not having won the Scottish Cup since 1902 had a chance to continue that run but surrendered a two goal lead at home with ten minutes to go, even though their rivals were in a lower league at the time. Their rivals in that year went on to win the cup.

Fact or fiction?

[Caversham Green]

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For a third party to own offices in a stand they would have had to be sold to the third party by Hibs in the first place which even a little thought about would have seemed unlikely.

A quick look at the accounts show that the yam is talking rubbish - our total future lease/rent commitment at 30 June 2016 was 88k and that includes equipment leasing. The 2015 accounts show that annual rent payable for land and buildings is £24k. By comparison Hearts total commitment is £3.168 million and rent for land and buildings is £288k.

On the charity side, Hibs made net payments of £3,619 to our charity - hearts received net payments of £10,438 from theirs.

All this can be verified in the audited accounts - The quote in the OP is another fantasy from the people who invented a £25m debt in our parent company. How bitter must they be to make stuff like that up?

[StevieT]

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Here's a new one for you.

A team who only ever sang about their rivals not having won the Scottish Cup since 1902 had a chance to continue that run but surrendered a two goal lead at home with ten minutes to go, even though their rivals were in a lower league at the time. Their rivals in that year went on to win the cup.

Fact or fiction?

Fiction surely. Do I win a prize?

[1875STEVE]

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A quick look at the accounts show that the yam is talking rubbish - our total future lease/rent commitment at 30 June 2016 was 88k and that includes equipment leasing. The 2015 accounts show that annual rent payable for land and buildings is £24k. By comparison Hearts total commitment is £3.168 million and rent for land and buildings is £288k.

On the charity side, Hibs made net payments of £3,619 to our charity - hearts received net payments of £10,438 from theirs.

All this can be verified in the audited accounts - The quote in the OP is another fantasy from the people who invented a £25m debt in our parent company. How bitter must they be to make stuff like that up?

boom.

[Northernhibee]

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Fiction surely. Do I win a prize?

Only if you can answer this one. In 1986, Hearts obtained the point they needed at Dens Park to win a historic league title. Fact or fiction?

[DarlingtonHibee]

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Only if you can answer this one. In 1986, Hearts obtained the point they needed at Dens Park to win a historic league title. Fact or fiction?

Stop it, trying to eat my dinner, LOL!!

[DarlingtonHibee]

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Only if you can answer this one. In 1986, Hearts obtained the point they needed at Dens Park to win a historic league title. Fact or fiction?

Might need to you tube to get the answer....

[jacomo]

The Famous 'fan ownership movement' has enabled supporters to own a significant stake in the club and invited elected fan reps onto the board.

Fact or fiction?