Yams accounts

[Ozyhibby]

http://www.edinburghnews.scotsman.co...y-3m-1-4292374

Good figures for the yams. Shows how much we are losing down in this league.


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[Pedantic_Hibee]

If only they had that money a few years back, those poor charities etc wouldn't have suffered. Disgusting.

[Peevemor]

Is the £3m from FOH & Sow in the overall turnover figure of £9m? If so then these figures aren't that brilliant.

[Ozyhibby]

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Is the £3m from FOH & Sow in the overall turnover figure of £9m? If so then these figures aren't that brilliant.

The money for Sow appears to be separate but FOH cash included.
Being able to rely on £1.5m a year free cash from supporters is a definite advantage they have over us.


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[Bostonhibby]

£1.5m a year over twenty odd years would pay off all those poor creditors and they might be able to start to shake off that stigma that follows them and will be around forever.

I know who I'd rather support

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[Billy Whizz]

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The money for Sow appears to be separate but FOH cash included.
Being able to rely on £1.5m a year free cash from supporters is a definite advantage they have over us.


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Sow went January, why wouldn't be included, if their year is June?

[Ozyhibby]

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Sow went January, why wouldn't be included, if their year is June?

I think it's an accounting thing. It's been added to their cash reserves but not included in turnover. I think.


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[andrew70]

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The money for Sow appears to be separate but FOH cash included.
Being able to rely on £1.5m a year free cash from supporters is a definite advantage they have over us.


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All their money is going to build a new stand though and they will still not own their club. A profit of about £600k all in...approx only £400k+ more than us for finishing 12 places ahead of us in terms of league placings.

Net cash looks great upon first reading but if they want to buy players in January or the summer then they are going to have to find money elsewhere as the bus shelter will take precendence over anything else and they won't have a chinese club willing to pay stupid money for crap striker.

They'll paint this as a good news story whilst omitting the truth, as they always do.

[Billy Whizz]

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I think it's an accounting thing. It's been added to their cash reserves but not included in turnover. I think.


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Ok ta

[hibbysam]

£600k profit including £1.5m from FOH and £1.5m from Sow? Including 'sell outs' every week. Aye very good stuff from them. So when they pay the stand off their reserves and there's £0 in the bank, no assets to move on, and finishing below Celtic rangers and Aberdeen. This is as good a year as they will have and they made £600k.

[calumhibee1]

Fair play to them for being debt free and making a profit. The Huns could take note. Although the way they're all giving each other pats on the backs etc is pretty shameless.

[Pedantic_Hibee]

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Fair play to them for being debt free and making a profit. The Huns could take note. Although the way they're all giving each other pats on the backs etc is pretty shameless.

There's a reason they're free. 36 million reasons actually.

[CropleyWasGod]

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I think it's an accounting thing. It's been added to their cash reserves but not included in turnover. I think.


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Haven't seen their accounts, but can't think of any reason why the.fee wouldn't be in turnover.

Edit.....probably shown as a gain on an intangible asset.

I'll have a look later.

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[CropleyWasGod]

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Fair play to them for being debt free and making a profit. The Huns could take note. Although the way they're all giving each other pats on the backs etc is pretty shameless.

They're not debt free.



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[Bostonhibby]

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They're not debt free.



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Owing it to themselves again already? If they say it enough it becomes true, it's a yam thing

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[greenginger]

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Haven't seen their accounts, but can't think of any reason why the.fee wouldn't be in turnover.

I'll have a look later.

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I don't think the accounts are available yet, its just headline figures fed to AllisBarry @ EEN.

Yam idea of debt free, we owe it to ourselves ( FoH ), we owe Mrs Budge, we owe HMRC , and we owe trade creditors.
Business as usual.

[EskbankHibby]

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There's a reason they're free. 36 million reasons actually.

Poppy's are free as well I believe.

[Famous Fiver]

Looks like there is a cash cow there for a wee while yet for wee Budgie to milk for all she's worth.

Gaun yersel, hen.

[CropleyWasGod]

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I don't think the accounts are available yet, its just headline figures fed to AllisBarry @ EEN.

Yam idea of debt free, we owe it to ourselves ( FoH ), we owe Mrs Budge, we owe HMRC , and we owe trade creditors.
Business as usual.

So I see.

It's interesting that they've done it this way.

2 things stick out for me:-

1. the headline says that "income" is up. The text says "turnover". The 2 are different. The accounts will clarify that.

2. a profit of £600k AFTER the Sow and FOH money? That would be interesting.

I'll reserve judgement until I've seen the accounts, but I think there might be some softening-up going on here.

[GreenLake]

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http://www.edinburghnews.scotsman.co...y-3m-1-4292374

Good figures for the yams. Shows how much we are losing down in this league.


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No breakdown of fan ownership figures.

[Bostonhibby]

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No breakdown of fan ownership figures.

Still just the one fan with "ownership" the cash for same is building the one stand. The one fan is earning a nice return too. The rest just give like drones.

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[Cameron1875]

I will never ever say "fair play" to them for anything financial related.

**** them. No money can ever take back that they were 2-0 up and they ballsed it up with their greatest rivals going on to win the Scottish Cup.

[Stax]

Lived well beyond their means for years and achieved f*** all. At least the Huns lorded it (while also cheating on a ridiculous scale) for a while before going out of existence. Hertz beat Gretna on penalties and beat one of the poorest Hibs sides in recent times and that's it. It really is laughable. What a legacy. What a Scottish institution as some pish stained old disgrace recently said.

[GreenCastle]

Debt free?!!

Have you forgotten about the money you owe Budge and will do for the foreseeable future. Queen Ann and family (doing work on new stand)will be milking the club for all they can get.

Sham of a club

[Deansy]

Have to remember, since they got away with literally financial-murder, they've enjoyed a fairly good run - promoted straight back to the SPL at the first attempt and been in the top six ever since. But they still haven't hit a bad patch yet and that WILL come ('Playing within their means' will see to that) - a run of cancelled D/D's will set alarm-bells ringing at the PBS !

[mca]

fraud
frɔːd/
noun
[COLOR=#878787 !important]plural noun: frauds[/COLOR]

• wrongful or criminal deception intended to result in financial or personal gain....
  
  
  
  Does this Apply.. Because They Dont Like it When i call Them "Frauds"..
  
  
  
  
  
  

[lucky]

Regardless of profit from Sow there fans are still putting £1.5m a year into them. They've got the cash for their stand and moving forward. We owe STF £4.5m and none of us know what's happening with HSL as they've gone awol apart from the occasional tweet. It's time we concentrated on our own club. Get our fan ownership completed, pay of STF and get promoted. Then we can gloat at them.

[SunshineOnLeith]

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Haven't seen their accounts, but can't think of any reason why the.fee wouldn't be in turnover.

Edit.....probably shown as a gain on an intangible asset.

I'll have a look later.

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Your edit is right, or at least it is for Hibs' accounts.

[cocteautwin]

One thing I've wondered, is Budge the only club owner in the UK that's taking money out of the club that is owned? There can't be many owners creaming an income from their club? I would suspect there are very few clubs in the UK paying a dividend to it's owner (maybe none?) but there must also be very few where the owner is taking out 6% of their investment annually. Are Hearts (and possibly Man U.) the only ones?

[green day]

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Regardless of profit from Sow there fans are still putting £1.5m a year into them. They've got the cash for their stand and moving forward. We owe STF £4.5m and none of us know what's happening with HSL as they've gone awol apart from the occasional tweet. It's time we concentrated on our own club. Get our fan ownership completed, pay of STF and get promoted. Then we can gloat at them.

I thought it was public knowledge that fans and HSL own 31% between them, and that the club are paying STF off at £500k PA?

I'm quite relaxed about that and continue my DD to HSL.