Message from the board

[flash]

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He was at McDiarmid and pretty much every other manager in the league bar McInnes, Doherty and Martindale.

And Naismith.

[Onion]

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Could not agree more.

Heard it for far too long now. We need the new stand (definitely needed), We need the new training facility (definitely needed), we need to improve our hospitality (needed). Even now it's 'aye but the training centre is old now and really needs a refurb'. Full focus on a terribly underperforming team is what's needed!

I support Hibernian Football Club, get a consistently successful team on the pitch. Sick of it. Hoping that's what comes out of this Black Knight review.

Was same with Petrie and Golden Generation. Didn't know how to build a successful team/club so spent £millions of proceeds from sale of young players on concrete and steel. Infrastructure, commercial deals and renovations are important but simply a means to an end. Do not replace ability to build and run a successful team. Hopefully Foley's team is able to fill the gap.

[Allant1981]

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Was same with Petrie and Golden Generation. Didn't know how to build a successful team/club so spent £millions of proceeds from sale of young players on concrete and steel. Infrastructure, commercial deals and renovations are important but simply a means to an end. Do not replace ability to build and run a successful team. Hopefully Foley's team is able to fill the gap.

So surely to get that money they did build a decent team? What did we spend the money from player sales in that time?

[RIP]

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So surely to get that money they did build a decent team? What did we spend the money from player sales in that time?

We cleared debt and built the East Stand

[Jones28]

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We cleared debt and built the East Stand

And the training centre.

We must not underestimate how important Petries strategy was for us in the long term. He gave the club financial stability.

[Allant1981]

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And the training centre.

We must not underestimate how important Petries strategy was for us in the long term. He gave the club financial stability.

Was the training centre not completed before we sold brown etc?

[Allant1981]

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We cleared debt and built the East Stand

I thought the money for the new east came from money already sitting(land sale?) as planning permission had been granted years prior and had to go back again for permission when that ran out, could be talking absolute rubbish though!!

[CallumLaidlaw]

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Was the training centre not completed before we sold brown etc?

Nah. Brown sold summer 2007. Training ground completed December 2007. Cost of £4.9m. Which Brown basically paid for.


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[Eyrie]

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Nah. Brown sold summer 2007. Training ground completed December 2007. Cost of £4.9m. Which Brown basically paid for.

To think we could have spent that money on overpaid underperforming players whilst paying rent for a quidditch pitch at the Oriam.

[CropleyWasGod]

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Nah. Brown sold summer 2007. Training ground completed December 2007. Cost of £4.9m. Which Brown basically paid for.


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Thomson, Riordan and O'Connor were also gone by then. Another £4m?

[KeithTheHibby]

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To think we could have spent that money on overpaid underperforming players whilst paying rent for a quidditch pitch at the Oriam.

It’s doing them a lot of harm right enough 🥺

[CallumLaidlaw]

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Thomson, Riordan and O'Connor were also gone by then. Another £4m?

And Whittaker which was £2m too.

Then Murphy summer 2008 which was another £2m

Was it £17m we were in debt at one point?


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[CropleyWasGod]

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And Whittaker which was £2m too.

Then Murphy summer 2008 which was another £2m

Was it £17m we were in debt at one point?


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Something like that.

[One Day Soon]

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And the training centre.

We must not underestimate how important Petries strategy was for us in the long term. He gave the club financial stability.

Strong ‘What did the Romans ever do for us?’ vibes here.

[One Day Soon]

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To think we could have spent that money on overpaid underperforming players whilst paying rent for a quidditch pitch at the Oriam.

Like.

[superfurryhibby]

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This is a new one for me. What does it refer to?

Authorities shut down all dissent

In the last three years, the UAE authorities have silenced criticism from their citizens like never before. They have done this through arbitrarily arresting and detaining people on spurious charges – breaking their own laws in the process, torturing detainees, putting them through unfair trials and sentencing them to years behind bars simply for speaking out. The families of those who speak out have been harassed and persecuted by authorities.

More than 100 peaceful activists and critics of the UAE government have been imprisoned on broad and vague national security-related charges since 2011. At least 67 of them remain in prison today.

https://www.amnesty.org.uk/united-ar...ice-censorship

[One Day Soon]

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Authorities shut down all dissent

In the last three years, the UAE authorities have silenced criticism from their citizens like never before. They have done this through arbitrarily arresting and detaining people on spurious charges – breaking their own laws in the process, torturing detainees, putting them through unfair trials and sentencing them to years behind bars simply for speaking out. The families of those who speak out have been harassed and persecuted by authorities.

More than 100 peaceful activists and critics of the UAE government have been imprisoned on broad and vague national security-related charges since 2011. At least 67 of them remain in prison today.

https://www.amnesty.org.uk/united-ar...ice-censorship

What is BK’s relationship to this?

[superfurryhibby]

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Doesn’t matter how many times you spell it out to posters they still come up with rubbish about debt. Either they don’t understand or prefer to have a go at the Gordon’s even with incorrect information.

Ok, so the Gordon's solved the debt issue the created by selling 25% of their stake in the club. However, you much anyone might want to bury their head in the sand about how they have managed the club so far, the truth of it is they have squandered a lot of money.

We still made a huge loss, that is a fact. By their own admission they failed to achieve their financial goals. We will still carry the financial burden of their failed football signing strategy into the new era that awaits


"Hibernian have announced a £3.9m loss for the year up to 30 June 2023, despite making a gain of £3.2m in transfer fees.

Turnover at Easter Road rose slightly to £12.4m but staff costs account for just over £10m and the wage to turnover ratio has increased by 10% to to 81%"

[TrinityHFC]

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Ok, so the Gordon's solved the debt issue the created by selling 25% of their stake in the club. However, you much anyone might want to bury their head in the sand about how they have managed the club so far, the truth of it is they have squandered a lot of money.

We still made a huge loss, that is a fact. By their own admission they failed to achieve their financial goals. We will still carry the financial burden of their failed football signing strategy into the new era that awaits


"Hibernian have announced a £3.9m loss for the year up to 30 June 2023, despite making a gain of £3.2m in transfer fees.

Turnover at Easter Road rose slightly to £12.4m but staff costs account for just over £10m and the wage to turnover ratio has increased by 10% to to 81%"

The fist bit isn’t right.

We got about £6m for the 25% stake. That is on top of the write off for the debt.

There’s been some money lost because of the performance of the football team, but the rest wasn’t squandered. It was invested in things that will create more income on the future, to help support the football team.

Obviously we have to get that bit right.

[CropleyWasGod]

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Ok, so the Gordon's solved the debt issue the created by selling 25% of their stake in the club. However, you much anyone might want to bury their head in the sand about how they have managed the club so far, the truth of it is they have squandered a lot of money.

We still made a huge loss, that is a fact. By their own admission they failed to achieve their financial goals. We will still carry the financial burden of their failed football signing strategy into the new era that awaits


"Hibernian have announced a £3.9m loss for the year up to 30 June 2023, despite making a gain of £3.2m in transfer fees.

Turnover at Easter Road rose slightly to £12.4m but staff costs account for just over £10m and the wage to turnover ratio has increased by 10% to to 81%"

In the current year, we are headed for £15m turnover, with the wages ratio having been brought back under control.

And what TH says in regard to the debt.

[superfurryhibby]

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In the current year, we are headed for £15m turnover, with the wages ratio having been brought back under control.

And what TH says in regard to the debt.

So the Bk's paid a total close to 10 million for their stake, when including the debt wipe out?

Or is it that BK's paid six million for their share and the Gordon used four million of that money to pay off the debt?

[CropleyWasGod]

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So the Bk's paid a total close to 10 million for their stake, when including the debt wipe out?

No. There are 2 separate transactions here.

The BK's paid £6m for their shares.

The Gordons (Bydand) converted £5.75m of debt to shares. Not a write-off as such, but still taken out of our immediate commitments.

So close on £12m added to our budget. Along with the income from the new facilities which were paid for with the Bydand loans.

[Eyrie]

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It’s doing them a lot of harm right enough 🥺

We're talking about spending money in 2007 which was when the training centre was built, so if we hadn't built it then the money would have been spent on the playing squad. And despite Hearts doing just that, all they had to show for it was one Scottish Cup win (aided by a dysfunctional opponent who was lucky to reach the final and a dodgy referee) followed by administration.

For context, we've won as many trophies they have since East Mains was built.

[The Modfather]

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And the training centre.

We must not underestimate how important Petries strategy was for us in the long term. He gave the club financial stability.

Did Petrie have a strategy? We got a golden generation that came through together and sold them at a good price, with Collins also influential in us getting market value. We then made the sensible decision to spend the windfall on bricks and mortar.

Petrie did well to get the fees we did, and by all accounts got good deals when building the East. However I’m not sure spending an unexpected windfall on a stand and a training centre is a strategy. Particularly when it’s offset by the wilderness years culminating in relegation and requiring Dempster to come in and sort the mess of the club she inherited. He then inexplicably gets rewarded with the job of president at the SFA and goes to ground ever since.

[Bostonhibby]

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It’s doing them a lot of harm right enough

Administration and bumping some pretty embarrassing creditors created that situation .

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[Greenwich_Hibby]

As a club, we have no identity, no way of playing and have been soft as *****/easy to beat for many years, the cup win just papered over the cracks. We need to review from top down and toughen up. Building a team around Joe Newell, wih short term loan signings is not the answer. The team needs a strong spine and leaders on the pitch. Currently we have none.

[Jones28]

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Did Petrie have a strategy? We got a golden generation that came through together and sold them at a good price, with Collins also influential in us getting market value. We then made the sensible decision to spend the windfall on bricks and mortar.

Petrie did well to get the fees we did, and by all accounts got good deals when building the East. However I’m not sure spending an unexpected windfall on a stand and a training centre is a strategy. Particularly when it’s offset by the wilderness years culminating in relegation and requiring Dempster to come in and sort the mess of the club she inherited. He then inexplicably gets rewarded with the job of president at the SFA and goes to ground ever since.

I think the strategy at the time was to scout and develop young players and sell them for a profit, the club did that brilliantly. Losing Donald Park from the set and then selling players who, at the end of the day, all sorely wanted the moves they made was the downfall - especially losing Park, he was the key.

History would not remember him at all fondly if he’d pissed players off by keeping them at Hibs without contract offers that we couldn’t afford. £17 million worth of debt wiped out plus £7 million worth of infrastructure projects in his stint as CEO.

Petrie will be remembered for being a penny pincher but I hope he also leaves behind a legacy of security and stability off the pitch.

I don’t believe the wilderness years have done the club any harm in the long term, if you think about the “positives” of the relegation it meant butcher got bulleted along with the majority of the feckless squad that got us there. The offsetting of the relegation was probably repaid by winning the Scottish cup and the swell of support off the back of it.

When you look at our 3 previous CEO’s you’ve got two cup winners (Petrie league cup 07, Dempster Scottish cup 16) and now the current incumbent, all of whom have built legacies to an extent but also had and have their failings.

[Alex Trager]

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As a club, we have no identity, no way of playing and have been soft as *****/easy to beat for many years, the cup win just papered over the cracks. We need to review from top down and toughen up. Building a team around Joe Newell, wih short term loan signings is not the answer. The team needs a strong spine and leaders on the pitch. Currently we have none.

We’ve got plenty identity.

Our identity is our unique history, same as any other club in the country, or world.

All this Michael Stewart type chat about having an identity is brutal.
What’s Celtic’s identity? Rangers? Hearts?

Get a consistently winning team on the park and all that chat disappears.

[Unseen work]

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We’ve got plenty identity.

Our identity is our unique history, same as any other club in the country, or world.

All this Michael Stewart type chat about having an identity is brutal.
What’s Celtic’s identity? Rangers? Hearts?

Get a consistently winning team on the park and all that chat disappears.

The identity chat is so boring now a days. It only becomes a thing if a team is doing poorly.

It’s the same as when pundits moan about “I don’t see what they’re trying to do with the ball” just because they don’t try play like Pep.

Si Ferry on open goal is the worst for it, failed at Broomhill but thinks every team should play the exact same way and if they don’t it’s wrong.

[GreenNWhiteArmy]

Potentially bringing in a technical director

https://www.edinburghnews.scotsman.c...xWBHMGSzPVXHGb