Hibs Accounts for Last Season Post Loss of nearly £300 000

**Geo_1875** · 20-11-2017 02:34 PM

I think being in the Championship and only posting a £300k loss is a decent performance.

Obviously the bounce from winning the cup has helped keep that down.

We're now in a good position to go forward and consolidate in the top half of the league and that's something we've failed to do for a long time.

***Greenworld*** · 20-11-2017 04:15 PM

Originally Posted by CropleyWasGod

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That doesn't affect our profit, though.

But we should celebrate the fact that we are decreasing our debt, whereas HMFC are increasing theirs.

Are they increasing there debt do we know what there debt is ? You get mixed messages when talking to Jambos

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***CropleyWasGod*** · 20-11-2017 04:42 PM

Originally Posted by Greenworld

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Are they increasing there debt do we know what there debt is ? You get mixed messages when talking to Jambos

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They owe 2.4m to AB, and now 1.75m to ANO.

By my simple maths, that makes their debt higher than ours.

***Greenworld*** · 20-11-2017 04:45 PM

Originally Posted by CropleyWasGod

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They owe 2.4m to AB, and now 1.75m to ANO.

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In my eyes that's astonishingly good did I read correct that 6 million was allowed for in the books for the stand.

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***CropleyWasGod*** · 20-11-2017 05:09 PM

Originally Posted by Greenworld

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In my eyes that's astonishingly good did I read correct that 6 million was allowed for in the books for the stand.

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That's what they'd spent up to the end of June.

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***Greenworld*** · 20-11-2017 05:36 PM

Originally Posted by CropleyWasGod

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That's what they'd spent up to the end of June.

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Cheers we will just need to get some of our rich celebs to through some money in Andy Murray step forward

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***greenlex*** · 20-11-2017 05:40 PM

Originally Posted by CropleyWasGod

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They owe 2.4m to AB, and now 1.75m to ANO.

By my simple maths, that makes their debt higher than ours.

At 6% that’s a fair old whack to be paying back!!!!!!😁😁

***lapsedhibee*** · 20-11-2017 05:41 PM

Originally Posted by greenlex

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At 6% that’s a fair old whack to be paying back!!!!!!��

Yes and the new loan/loan facility is at 2.5% so that's up to 8.5% altogether now!!!!!!

***CropleyWasGod*** · 20-11-2017 05:46 PM

Originally Posted by greenlex

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At 6% that’s a fair old whack to be paying back!!!!!!

Oh stop it 🤣

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***greenlex*** · 20-11-2017 05:48 PM

Originally Posted by CropleyWasGod

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Oh stop it 🤣

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Damn

***CropleyWasGod*** · 20-11-2017 05:49 PM

Originally Posted by lapsedhibee

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Yes and the new loan/loan facility is at 2.5% so that's up to 8.5% altogether now!!!!!!

You an aw....

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***Mikey*** · 20-11-2017 05:50 PM

Originally Posted by CropleyWasGod

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You an aw....

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You're 0% fun

***CropleyWasGod*** · 20-11-2017 05:54 PM

V V V

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**Brooster** · 20-11-2017 06:26 PM

Now is the time for Hibs and HSL people to push on with HSL. There's massive potential here....lets tap in to it. We could easily be contributing £1m a season.

**dangermouse** · 20-11-2017 07:22 PM

Originally Posted by CropleyWasGod

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Oh stop it 🤣

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I keep hearing about this 6% figure. From your reaction that must be utter crap. What is the true figure AB is charging?

***CropleyWasGod*** · 20-11-2017 07:25 PM

Originally Posted by dangermouse

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I keep hearing about this 6% figure. From your reaction that must be utter crap. What is the true figure AB is charging?

She's not charging them anything until May 2018 at the earliest.

There is mention of an "arrangement fee" of £22k per annum. It's not clear whether she is getting this every year, or if she had £110k at the outset, and it's being written off over 5 years.

***matty_f*** · 20-11-2017 07:33 PM

Originally Posted by Brooster

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Now is the time for Hibs and HSL people to push on with HSL. There's massive potential here....lets tap in to it. We could easily be contributing £1m a season.

100% agreed. Hearts are funding a competitive advantage through fan donations and fair play to them for it.

There is nothing stopping us at least matching that if we got our act together.

**Ronniekirk** · 20-11-2017 07:58 PM

Originally Posted by matty_f

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100% agreed. Hearts are funding a competitive advantage through fan donations and fair play to them for it.

There is nothing stopping us at least matching that if we got our act together.

I don't understand why St Mirren and Motherwell can attract more Fans paying monthly direct debits than we can
Unless i have missed an Announcement we still haven't reached the 2,000 mark
What is the issue preventing this growing
Lack of Awareness ?Lack of Someone having the time to drive this initiative forward ? With over 13,000 Season Ticket Holders you would think we could attract more to Invest even just a fiver a month

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***danhibees1875*** · 20-11-2017 08:03 PM

Originally Posted by Ronniekirk

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I don't understand why St Mirren and Motherwell can attract more Fans paying monthly direct debits than we can
Unless i have missed an Announcement we still haven't reached the 2,000 mark
What is the issue preventing this growing
Lack of Awareness ?Lack of Someone having the time to drive this initiative forward ? With over 13,000 Season Ticket Holders you would think we could attract more to Invest even just a fiver a month

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Same reason that hearts got so many, they need it more.

***WhileTheChief..*** · 20-11-2017 08:48 PM

I’ve not read either accounts but if they’re turnover is £4m more than ours then they should really be able to outspend us by a fair amount.

Hope we’ve got a plan

**Tyler Durden** · 20-11-2017 08:58 PM

Originally Posted by WhileTheChief..

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I’ve not read either accounts but if they’re turnover is £4m more than ours then they should really be able to outspend us by a fair amount.

Hope we’ve got a plan

They've spent it on glass curtains and vomitoriums. And chips.

**Sioux** · 20-11-2017 09:07 PM

Originally Posted by matty_f

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100% agreed. Hearts are funding a competitive advantage through fan donations and fair play to them for it.

There is nothing stopping us at least matching that if we got our act together.

I think there's plenty.

For us its a voluntary donation. To them, in the first instance, it was pay up or go lie down forever. I think it was anticipated that it would need a three year commitment, and they were prepared to do that. Once they'd put into place their direct debits it is probably an easy decision just to carry that on.

Our situation is far removed from that, as we all know, and it would take a real change to persuade 8,000 Hibs fans to contribute for a prolonged period. That just makes the cost of supporting the club much higher than it already is.

IMHO of course.

**Ronniekirk** · 20-11-2017 09:18 PM

Originally Posted by Sioux

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I think there's plenty.

For us its a voluntary donation. To them, in the first instance, it was pay up or go lie down forever. I think it was anticipated that it would need a three year commitment, and they were prepared to do that. Once they'd put into place their direct debits it is probably an easy decision just to carry that on.

Our situation is far removed from that, as we all know, and it would take a real change to persuade 8,000 Hibs fans to contribute for a prolonged period. That just makes the cost of supporting the club much higher than it already is.

IMHO of course.

Surely we want to see our team competing every year in the top four and in Europe
We can only achieve that consistently if we can bring in quality players
We have seen the evidence since HSL started of improved quality of player being attracted to the Club
To be its a no Brainer

Am not saying we should be getting the same as Hearts ,but surely its not to big a Target to work towards Three Thousand contributors

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**~~Firestarter~~** · 20-11-2017 09:20 PM

No complaints at all.

The cost of going down and getting back up.

The club is progressing massively now and nobody can deny that.

**ballengeich** · 20-11-2017 10:42 PM

Originally Posted by CropleyWasGod

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She's not charging them anything until May 2018 at the earliest.

There is mention of an "arrangement fee" of £22k per annum. It's not clear whether she is getting this every year, or if she had £110k at the outset, and it's being written off over 5 years.

Exactly what they've charged their charity for administration. Just a co-incidence I suppose.

**Criswell** · 20-11-2017 11:01 PM

What's with this Health Hub thing in the Famous Five stand? Will we get a rental from this or otherwise? Not much emanating from the Club regarding what's happening there.

**simple** · 21-11-2017 06:55 AM

Originally Posted by Ronniekirk

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Surely we want to see our team competing every year in the top four and in Europe
We can only achieve that consistently if we can bring in quality players
We have seen the evidence since HSL started of improved quality of player being attracted to the Club
To be its a no Brainer

Am not saying we should be getting the same as Hearts ,but surely its not to big a Target to work towards Three Thousand contributors

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I'm sure I've said this before but out me and my mates we have about 10 season tickets, and I'm the only one who pays into HSL.

I've mentioned it on a few occasions to them in the pub and many have said they would put in £5, £10 or £15 a month, but never get around to doing it.

If this scheme was properly driven I believe we would majorly increase our contributors. However I think hibs don't like to be seen as having the begging bowl out, unlike another club who have the begging bowl out at every opportunity.

**Valencia** · 21-11-2017 11:43 AM

The postie has been and nothing but advertising flyers

**mjhibby** · 21-11-2017 12:34 PM

Originally Posted by Ozyhibby

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Wonder what the total cost of our three years in the championship was? Must be massive.

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Iirc the total loss is circa £877,000 for the three years. Not bad at all as hertz lost £1.2m in their one year in the championship and I'm sure we will return a profit this season with the attendances at er this season.