This quote is hidden because you are ignoring this member. Show Quote
Hibs: fans currently own around 1/3 of the club.
How does that compare with Hearts again?
Your constant running down of HSL is a bit much. I'm sure there are improvements to be made but our situation is not comparable to Hearts, who faced the very real possibility of going bust.
Results 91 to 120 of 170
Thread: Hearts’ unnamed benefactor
-
20-11-2017 05:11 PM #91
-
20-11-2017 05:13 PM #92This quote is hidden because you are ignoring this member. Show Quote
-
-
20-11-2017 05:19 PM #94This quote is hidden because you are ignoring this member. Show Quote
-
20-11-2017 05:25 PM #95This quote is hidden because you are ignoring this member. Show Quote
I want us to be more successful than FOH but its not happening
I changed banks 4 months ago and e-mailed them to send me a new direct debit mandate
Haven't heard a cheap
Are we just meant to sit back and pretend its brilliant , good or even acceptable when it isn't?
I couldn't give a rats arse about fan ownership although I have shares and have completed my HSL pledge and beyond
I want us to dominate those ****ers forever, sitting patting ourselves on the back that we own more shares than they do doesn't cut it for me.
I want HSL to continue to pump money into Hibs long after we have bought all the shares we can
-
-
20-11-2017 05:37 PM #97
- Join Date
- Jul 2002
- Location
- Don't actually know right now
- Posts
- 8,498
This quote is hidden because you are ignoring this member. Show Quote"You opened the box....and your soul belongs to me...."
-
20-11-2017 05:46 PM #98
You know, it's just possible that there is absolutely nothing dodgy about this and the person just wants to give to his favourite club without any fanfare.
-
20-11-2017 05:56 PM #99
- Join Date
- Jul 2002
- Location
- Don't actually know right now
- Posts
- 8,498
This quote is hidden because you are ignoring this member. Show Quote"You opened the box....and your soul belongs to me...."
-
20-11-2017 06:13 PM #100This quote is hidden because you are ignoring this member. Show Quote
We have our foot on their throats on the park just now, its time to press down hard
Sicken them once and for all and watch the d/d's dry up whilst we push on
-
20-11-2017 06:24 PM #101This quote is hidden because you are ignoring this member. Show Quote
-
20-11-2017 06:26 PM #102This quote is hidden because you are ignoring this member. Show Quote
STF has been our benefactor over a number of years. OK. Maybe his contribution hasn’t been a ‘gift’ but it has been donated in proper legal business transaction that has allowed us to complete the build on both our stadium and training centre. That should never be forgotten.
Difference between us and them is that we pay our way day to day at an operational level without the aid of external debt or benefactor’s gifts. A far better state of affairs than having to currently rely on hand outs from rich fans or monthly contributions disguising themselves as being donations to ongoing share/club ownership.
FoH may well achieve it’s aim some time in the future but until then their fans will continue to pay out for what seems to be ostensibly working capital. From what I understand of accounting we are pretty much self sufficient. Making a small loss in a year is only a position we are at on one specific day in the year.
It’s no secret that HSL is contributing to fund our day to day operations rather than funding large capital projects like building a stand or ground extensions,, etc. A much better position to be in than Hertz.
To explain, both clubs latest figures on 30 June 2017 showed a profit and a loss.
Now if Hertz were to pay out bills of say £3m on 1st July, would that suddenly make them a loss making concern to the tune of half a million? NO!
Similarly, if we wee to revive a debtor payment of half a million on 1st July, would we suddenly be in profit? NO - not in accounting terms because there is still 364 days of the financial year’s trading to go before you declare profit or loss.
Sorry to go an so much, but sometimes we get to hung up of the figure of Profit or Loss, when the more important figures are Turnover and Costs. Ideally they should be increasing and decreasing respectively, where possible, and are a better indicator of how a business is doing.
I’m sure if any of the above is incorrect, someone will pipe up but it’s how I understand both clubs current position to be and I know who I’d rather be backing. GGTTH
-
-
20-11-2017 06:38 PM #104This quote is hidden because you are ignoring this member. Show Quote
-
20-11-2017 06:46 PM #105This quote is hidden because you are ignoring this member. Show Quote
Maybe they only recently won the lottery?
Sent from my SM-J320FN using Tapatalk
"I did not need any persuasion to play for such a great club, the Hibs result is still one of the first I look for"
Sir Matt Busby
-
20-11-2017 06:47 PM #106This quote is hidden because you are ignoring this member. Show Quote
-
20-11-2017 06:50 PM #107This quote is hidden because you are ignoring this member. Show Quote
I'll set them up and you knock them in the back of the net.
Sent from my SM-J320FN using Tapatalk
"I did not need any persuasion to play for such a great club, the Hibs result is still one of the first I look for"
Sir Matt Busby
-
20-11-2017 06:56 PM #108This quote is hidden because you are ignoring this member. Show Quote
1. the first highlighted bit is wrong. Companies of our type and size will prepare monthly accounts and budgets. Hence they will know if they are profitable or not throughout the year, not just on one arbitrary date necessary for legal and other requirements.
2. the second highlight. That's not correct. HSL's contribution is to the football operation, not working capital (unlike FOH as was)
3. the third highlight. Not sure what you mean by that. Hearts showed a trading loss and an operating profit. Our accounts aren't in the public domain yet. It looks like an operating loss, but have you seen more than that?
4. what exactly is Profit if it's not a comparison between Turnover and Costs?
5. I do agree with your last statement.
-
20-11-2017 06:59 PM #109This quote is hidden because you are ignoring this member. Show Quote
-
20-11-2017 07:08 PM #110
So for the non accountants here. Does the 6.5m benefactor get paid back? Or is that free money?
-
20-11-2017 07:10 PM #111This quote is hidden because you are ignoring this member. Show Quote
And naw....it's been spent.
-
20-11-2017 07:26 PM #112This quote is hidden because you are ignoring this member. Show Quote
Sent from my iPhone using Tapatalk
-
20-11-2017 07:37 PM #113This quote is hidden because you are ignoring this member. Show Quote
-
20-11-2017 07:42 PM #114This quote is hidden because you are ignoring this member. Show Quote
I’ll admit I don’t have a full accounting qualification. Did do a few exams (many, many years ago) that included accountancy as part of an overall qualification, so thought I had a wee bit of knowledge. Maybe not enough though eh?
The point I was trying to get across is that profit or loss isn’t the be all and end all in indicating how a business is performing. Some folks focus on that figure as being the case, when underlying figures need to be analysed to understand the full story. Figures published show the position on that specific date and as you say, they do change on a day to day/month by month basis.
On your points, I’m a bit confused on some.
1. Agreed
2. Didn’t appreciate that working capital was different to operational running. If your WC isn’t converted to cash flow, then you can’t operate effectively?
3. Operating/trading profit/loss? Are they not the same basically but one takes into account tax due? Haven’t seen our full accounts yet. They’re “in the post”.
4. Agreed but what I mean was as long as Turnover is increasing at a similar rate to costs (or decreasing if that is the case), then the business is reasonably sound. Ideally increased turnover and decreased costs is best but maintaining the cost/income ratio is good.
5. Totally agree!!
-
-
20-11-2017 07:48 PM #116This quote is hidden because you are ignoring this member. Show QuoteSCOTTISH CUP WINNERS 2016
GGTTH
-
20-11-2017 08:29 PM #117
[QUOTE=BSEJVT;5225456]So do you suggest we wait until its too late and we are playing catch up again?
We have our foot on their throats on the park just now, its time to press down hard
Sicken them once and for all and watch the d/d's dry up whilst we push on[/QUOTE
I think they were in a unique situation and their fans have had an unbelievable response to be fair.
I don't see their FOH income being sustained at current levels for more than another few years and I don't really see the donations between both supports becoming a big deciding factor in performance on the park.
I can totally see your argument but there are 2 groups of Hibs fans that prevent us achieving your goals. I'm in the first group - people that buy STs and merchandise and generally think we're spending enough on our football team. Then you have the 2nd group - fans who lack awareness of HSL and have never fully understood the workings or the objectives.
-
21-11-2017 12:36 AM #118
- Join Date
- Feb 2017
- Posts
- 10,535
I can name him.
Mister E. Benny Factor.
Thank you and goodnight....
-
21-11-2017 02:44 AM #119
- Join Date
- Apr 2002
- Location
- Shanghai, China
- Posts
- 1,275
This quote is hidden because you are ignoring this member. Show Quote
I presume there wasn't enough cash to complete the stand so the option given to the Construction Company would have been for them to finance the remaining part of the construction themselves or watch the whole project fail?
To further fuel a conspiracy theory, is the construction company not owned by Budge's brother? I'm wondering if these mysterious £2m of extra costs on the stand are somehow connected to the Budge family and just a roundabout way of creaming more cash off HMFC? Is there any accountability at all on what the extra costs were spent on? It certainly doesn't look like a £15m main stand to me.
My theory is that Budge has foregone her 6% interest on the initial loan but has somehow manufactured an additional £2m of costs to put through her brother's company which can be extracted over the next few years by repayment of the loan the construction company have given HMFC. This way she can look like a hero to the fans but still extract her slice through her family connections. If the loan was from her brother's construction Company does it need to be disclosed as a related party transaction I wonder?
All pure speculation of course but it does somewhat rankle that they are coming out of all of this smelling of roses.
-
21-11-2017 05:36 AM #120
It’s loke the amateur magician that asks the audience to turn around whilst he completes
his trick - have the journalises fallen for this ? Unqualified Headlines would suggest so.
Log in to remove the advert |
Bookmarks