Hibs sold?

[Scott Allan Key]

Sorry if this has been covered - I couldn't see it anywhere - but in his interviews has he actually clarified WHY he is getting involved?

There is no money to be made right now in Scottish football, and he's not (until now) a Hibs fan, so what's his motivation? Tom Farmer did it for "the community" of Leith, a rich supporter would do it for the emotional pull - but I can't figure out why an American businessman would want to get involved. Does he think there are money-making possibilities here? History says there aren't (with the exception of McCann at Septic - and that isn't a comparable situation).

Sorry if I am being dense. I just find it a bit confusing and wondered if it had come up in any of the interviews?

Thanks for any info.WHY? Because we're worth it, we deserve it and we've been so patient for great things to happen.

Sent from my LYA-L09 using Tapatalk

[007]

"Ron is making a seven-figure cash injection to the Club"


http://www.hibernianfc.co.uk/news/10094

Okay, fair enough. A cash "injection" could be putting money in by way of a loan or investment. Further up the statement it describes it as an investment, which means not debt therefore not expected to be paid back.

[WhileTheChief..]

Is he still involved with his businesses in USA or has he effectively retired and this is his new venture?

[Peevemor]

Okay, fair enough. A cash "injection" could be putting money in by way of a loan or investment. Further up the statement it describes it as an investment, which means not debt therefore not expected to be paid back.

Making a loan can be classed as an investment too.

We'll wait and see what info comes out once the initial stramash has died down.

[Fergus52]

Is he still involved with his businesses in USA or has he effectively retired and this is his new venture?

Think I read he sold his shares in the TV company but still has the bank?

Might be wrong on that though.

[JohnMcM]

Already sh*te-ing it.

As tempting as it is to do so, I wish we could leave our pink chums out of this discussion for the time being.

This thread is about our donations to our club, our club's current status and our club's future.

Maybe we can come back and talk about them later on another thread. What do you reckon?

:flag:

[Stuart93]

Making a loan can be classed as an investment too.

We'll wait and see what info comes out once the initial stramash has died down.

Can’t see him lending us money and expecting a return? Scottish football isn’t a money making game and I’m going to guess he’s been made well aware of that

[1van Sprou7e]

This doesn't feel real, not to get too carried away but from the early signs this sounds like the absolute ideal type of takeover.

No crazy **** like romanov, and no unsustainable "plastic" sort of nonsense. Just a guy who seems to want to provide the backing for the club to finally fulfill it's potential

Could hardly have imagined a more ideal scenario in my eyes. Of course we'll have to see how everything actually unfolds in reality but what an exciting time to be a Hibs fan

[Greencore]

Are we going to go in for Dylan now?
Will oso be in the cards again?

[Peevemor]

Can’t see him lending us money and expecting a return? Scottish football isn’t a money making game and I’m going to guess he’s been made well aware of that

While I agree, maybe he thinks there's money to be made by taking Hibs to the "next level" (wherever that is) and investing just now means getting more back later?

Obviously, like everyone else, I've no idea.

I'd imagine there will be more in depth interviews to come with Ron Gordon, LD, PH etc. and they'll all be getting pumped for more information. We'll see how much comes out.

[7Hero]

My understanding/hope is he has paid Sir Tom the amount of outstanding debt the club owed to Sir Tom (I think around £3m) for STF to trasnfer his shares to him plus a much smaller sum to Rod Petrie to acquire his Hibs shares (which were 10% compared with STF's 90%). This gives Ron Gordon around a 70% share of the club. As part of that deal he has also gifted the Hibees a further sum which is the 7 figure investment quoted - lets say it might be £5m making his total investment over £8m.

From Hibs perspective the £500k annual debt repayment to STF is no longer required and thus can be an addition to the player budget plus they have another £5m to spend - say some on player budget, some on ground improvements, some on the 11 a side indoor training pitch?

With the fans including HSL still holding 30% shares this makes asset stripping well nigh impossible - although I'm sure Hibs due diligence would have established owners intentions.

Hope this makes sense - of course I'm not privy to the deal but this how i think it might work.

Hibs annual turnover roughly £10m plus value of land would equate to a business worth far more than 3 million. That type of figure would be afordable to a lot of business men if they received 70% ownership of hibs and the land.

He would have paid a lot more than that for the club for sure.

[Smartie]

While I agree, maybe he thinks there's money to be made by taking Hibs to the "next level" (wherever that is) and investing just now means getting more back later?

Obviously, like everyone else, I've no idea.

I'd imagine there will be more in depth interviews to come with Ron Gordon, LD, PH etc. and they'll all be getting pumped for more information. We'll see how much comes out.

The challenge there is that "the next level" is a pretty huge leap ie getting in about Rangers and Celtic.

There is no doubt that there is money to be made in the Champions league, but it would take a heck of a lot for us to be threatening to get in about that. It would take the Scottish co-efficient to improve to a level that allows Scotland 2 clubs, and for Rangers or Celtic to drop back into the pack. Rangers haven't been ahead of the pack for much of the last decade but whilst they're competitive to the group stages in the Europa Cup and they're filling their ground as their team improves year on year, they have financial muscle that we will struggle to compete with under any circumstances.

Other than getting lots of European games I find it hard to see how anyone would make money from Hibs in a way that would be worth their while. It needs to be for the love or for the challenge.

[WHAM]

My understanding/hope is he has paid Sir Tom the amount of outstanding debt the club owed to Sir Tom (I think around £3m) for STF to trasnfer his shares to him plus a much smaller sum to Rod Petrie to acquire his Hibs shares (which were 10% compared with STF's 90%). This gives Ron Gordon around a 70% share of the club. As part of that deal he has also gifted the Hibees a further sum which is the 7 figure investment quoted - lets say it might be £5m making his total investment over £8m.

From Hibs perspective the £500k annual debt repayment to STF is no longer required and thus can be an addition to the player budget plus they have another £5m to spend - say some on player budget, some on ground improvements, some on the 11 a side indoor training pitch?

With the fans including HSL still holding 30% shares this makes asset stripping well nigh impossible - although I'm sure Hibs due diligence would have established owners intentions.

Hope this makes sense - of course I'm not privy to the deal but this how i think it might work.

Brian McLaughlin was stipulating on the BBC that he paid £6 million in total to STF (£3million to clear debt then a further £3m to acquire the club) and has put in another 7 figure cash injection of at least £1million.

[hibeerealist]

Immediate question for me is how does this affect our business this summer?

Have our signings thus far been done knowing this was happening and therfore at the level we should come to expect?

Or does this unlock more money for the manager?

Will Reading now be less likely to accept a low bid for McNulty knowing we've got a cash injection?

Whatever the case its exciting times, and that's not even taking into consideration any extra cash we might get for the SJM!

What if the business is already done and these new signings are about to be announced AFTER the mega news today? Why let any other clubs/agents know we have extra dough when we have been planning this for some time, Petrie sorted it (and STF).

[Peevemor]

The challenge there is that "the next level" is a pretty huge leap ie getting in about Rangers and Celtic.

There is no doubt that there is money to be made in the Champions league, but it would take a heck of a lot for us to be threatening to get in about that. It would take the Scottish co-efficient to improve to a level that allows Scotland 2 clubs, and for Rangers or Celtic to drop back into the pack. Rangers haven't been ahead of the pack for much of the last decade but whilst they're competitive to the group stages in the Europa Cup and they're filling their ground as their team improves year on year, they have financial muscle that we will struggle to compete with under any circumstances.

Other than getting lots of European games I find it hard to see how anyone would make money from Hibs in a way that would be worth their while. It needs to be for the love or for the challenge.

Maybe he's going to tap into the global scottish-irish-hispanic market? Who knows?

I've no idea what the Ron's worth. I think we can trust STF's judgement re. his motiviation for buying the club. He seems to be community minded. If there was anything nasty in his past there'd be far more google hits.

We'll have to wait and see. It's all very intriguing.

[jimbob07]

Hibs annual turnover roughly £10m plus value of land would equate to a business worth far more than 3 million. That type of figure would be afordable to a lot of business men if they received 70% ownership of hibs and the land.

He would have paid a lot more than that for the club for sure.turnover not that important in relation to bottom line

[madhibby]

Hibs annual turnover roughly £10m plus value of land would equate to a business worth far more than 3 million. That type of figure would be afordable to a lot of business men if they received 70% ownership of hibs and the land.

He would have paid a lot more than that for the club for sure.

Football clubs are not like the vast majority of private businesses - Hibs dont make a profit to be returned to shareholders so the clubs value is not either its £10m turnover nor its Net Worth as per its balance sheet - which i think is around £17m

I am suggesting Ron Gordon had paid over £8m to acquire 70% of Hibs shares with £3m going to STF, (say) £300k to RP and the £5m being a cash injection into the Club. STF and RP had to be satisfied it was a good deal for the club - it wasnt about them maximising their return?

[hibeerealist]

Hibs annual turnover roughly £10m plus value of land would equate to a business worth far more than 3 million. That type of figure would be afordable to a lot of business men if they received 70% ownership of hibs and the land.

He would have paid a lot more than that for the club for sure.

From memory a figure of around £30-35 million was put on the value of HFC - ER, HTC + additional land and playing staff.

Sure RG has committed to quite a bit more than what we are seeing, R Petrie would have sorted that.

[Stuart93]

Are we going to go in for Dylan now?
Will oso be in the cards again?

**** Dylan, he’s lost out on his chance at the Hibernian revolution

[CapitalGreen]

**** Dylan, he’s lost out on his chance at the Hibernian revolution

Christ

[Ozyhibby]

The Europa group stages are worth about £8-10m and the competition is about to be expanded massively.
There is money to be made in European football and things will be changing very soon. We can put ourselves in a good position to benefit.


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[7Hero]

turnover not that important in relation to bottom line

Yes turnover for vanity, profit for sanity of course...
but surely the assets and trading alone are worth more than £3m.

[madhatter]

Hopefully have a lengthy interview on HibsTv shortly. Hopefully with both Ron and Leeann.

Still get confused when people talk about “make money from football”. Man Utd probably pay in excess of £5m a week on player wages alone. So the £100m from TV and season tickets only go so far. I realise you can plaster your company’s name and logo around the stadium and on the strips but does that really outweigh the times when Man Utd need to buy Macguire for 70m? I honestly think most people in and around football are putting more money in than they get out. I think that’s true of any sport.

The importance is making sure the club is run in a sustainable fashion. We should have one of the best football academies in Scotland. We should be developing top level players from locals and also from anywhere in Scotland. If any club in Scotland could reliably focus on youth development and sporting excellence then there is no reason they couldn’t challenge for the title. It has to be a long term plan though, it cannot be bought.

[delbert]

Brian McLaughlin was stipulating on the BBC that he paid £6 million in total to STF (£3million to clear debt then a further £3m to acquire the club) and has put in another 7 figure cash injection of at least £1million.

On the lunchtime news, the aforementioned ‘Scoop’ McLauchlin had a face like a well skelped arse while he was reporting on this, let’s hope him and all his ****bo chums are really enjoying this !!

[truehibernian]

On the lunchtime news, the aforementioned ‘Scoop’ McLauchlin had a face like a well skelped arse while he was reporting on this, let’s hope him and all his ****bo chums are really enjoying this !!

Brian knows diddly when it comes to what happens in a club but he's an okay guy. Had to laugh when he was speaking with Levein before the last derby pitchside and telling CL about the Motherwell Dundee game the previous day that he'd been reporting at (4-3) and saying loudly in front of a group of visiting Hibs fans (kids) and parents "I'll take the same result today for us though" - boy heard him and gave him and Levein it tight :greengrin

[Billy Whizz]

16 minute press conference now on Hibs TV

[ancient hibee]

My understanding/hope is he has paid Sir Tom the amount of outstanding debt the club owed to Sir Tom (I think around £3m) for STF to trasnfer his shares to him plus a much smaller sum to Rod Petrie to acquire his Hibs shares (which were 10% compared with STF's 90%). This gives Ron Gordon around a 70% share of the club. As part of that deal he has also gifted the Hibees a further sum which is the 7 figure investment quoted - lets say it might be £5m making his total investment over £8m.

From Hibs perspective the £500k annual debt repayment to STF is no longer required and thus can be an addition to the player budget plus they have another £5m to spend - say some on player budget, some on ground improvements, some on the 11 a side indoor training pitch?

With the fans including HSL still holding 30% shares this makes asset stripping well nigh impossible - although I'm sure Hibs due diligence would have established owners intentions.

Hope this makes sense - of course I'm not privy to the deal but this how i think it might work.

I think it’s a wee bit more complicated.Don’t forget it was Hibs that owed STF or one of his companies £3M.So a payment would have to go to Hibs to repay the debt and have the security cancelled.As well as that a separate payment would buy the shares either by purchase of the Hibs holding company (90% owned by STF and 10%by Rod)or by buying the Hibs shares from the holding company.As you say the net result is that Gordon now has 70%of the Hibs shares.These will also be held by a company (presumably 100% owned by him,or maybe not).
I suppose the big question is “why?”.

[itslegaltender]

This article from 2004 gives a good deal of depth as to how Gordon made his money.

https://www.washingtonpost.com/archive/business/2004/06/07/broadcasting-company-sets-its-sights-high/6c63d230-7be7-4f74-b35a-672fd5e0d750/?utm_term=.33254717ff38

Looks like to have a great deal if experience works in broadcast media.

[itslegaltender]

And another from 2016. This states his media business was worth “tens of millions of dollars”.

https://www.pressreader.com/usa/the-washington-post/20090403/281767035152035

[southsider]

Can’t see him lending us money and expecting a return? Scottish football isn’t a money making game and I’m going to guess he’s been made well aware of that

As Ex-Chairman Hibs May have to pay him.

[ancient hibee]

Hopefully have a lengthy interview on HibsTv shortly. Hopefully with both Ron and Leeann.

Still get confused when people talk about “make money from football”. Man Utd probably pay in excess of £5m a week on player wages alone. So the £100m from TV and season tickets only go so far. I realise you can plaster your company’s name and logo around the stadium and on the strips but does that really outweigh the times when Man Utd need to buy Macguire for 70m? I honestly think most people in and around football are putting more money in than they get out. I think that’s true of any sport.

The importance is making sure the club is run in a sustainable fashion. We should have one of the best football academies in Scotland. We should be developing top level players from locals and also from anywhere in Scotland. If any club in Scotland could reliably focus on youth development and sporting excellence then there is no reason they couldn’t challenge for the title. It has to be a long term plan though, it cannot be bought.

Apart from putting the borrowing to buy the club in Man Us name the Glazers have taken eye watering lumps of money out of it.A slightly different scale to us of course:greengrin

[Hibernian Verse]

16 minute press conference now on Hibs TVAny idea when it usually goes on YouTube after hibstv?

Sent from my SM-G950F using Tapatalk

[Billy Whizz]

Any idea when it usually goes on YouTube after hibstv?

Sent from my SM-G950F using Tapatalk

Sorry no idea
Was an interesting watch 😄

[Since452]

As tempting as it is to do so, I wish we could leave our pink chums out of this discussion for the time being.

This thread is about our donations to our club, our club's current status and our club's future.

Maybe we can come back and talk about them later on another thread. What do you reckon?

:flag:

Yup. Who cares about the wee team?

[Stuart93]

Sorry no idea
Was an interesting watch 😄

Anything to take away from it that we haven’t heard?

[Billy Whizz]

Anything to take away from it that we haven’t heard?

Probably not, but nice to hear STF speak

[yerauldda]

My main takeaway from it is that it’s the new owners that have allowed us to do so much business already.

[H18S NX]

I think i am the only one to be wary of this takeover,although he comes across as an excellent business entrepreneur,I just do not understand these Americans taking over clubs here,I just hope he is in for the long haul.

[Stuart93]

I think i am the only one to be wary of this takeover,although he comes across as an excellent business entrepreneur,I just do not understand these Americans taking over clubs here,I just hope he is in for the long haul.

Think we’re all a bit wary to be honest. Seems all a bit too good to be true and fingers crossed that’s what it is. We deserve it

[The 90+2]

I think i am the only one to be wary of this takeover,although he comes across as an excellent business entrepreneur,I just do not understand these Americans taking over clubs here,I just hope he is in for the long haul.

Me as well. What’s in it for him kind of thing. Saying that there’s never been a better time to buy the club.

[madhatter]

I think i am the only one to be wary of this takeover,although he comes across as an excellent business entrepreneur,I just do not understand these Americans taking over clubs here,I just hope he is in for the long haul.

We are all wary. However, is this really so different to when Farmer came in? We are just starting from a more positive position. Farmer had zero interest in football, let alone Hibs but saved the club.

Lets be honest, owning and running a successful sports club gives you some great PR.

I think we were sort of forced to get this done sooner rather than later based on Farmer's age and health but I doubt Farmer and Petrie would just select a random person, due diligence would have been done. I take some peace in seeing there isn't much google responses on the name (at least none that suggest he's a dodgy character). He, as you say, just seems to be a successful entrepreneur. Motives on owning a controlling share of a football club, who knows. As I said though, having great PR should the club be doing well and building a legacy I would imagine will be part of it. Let's not forget how well our club is run and that will have appealed to Ron.

[Ozyhibby]

I think i am the only one to be wary of this takeover,although he comes across as an excellent business entrepreneur,I just do not understand these Americans taking over clubs here,I just hope he is in for the long haul.

Everyone should be wary but it is possible to grow the club and for him to make money by taking the club into Europe. American owners are usually level headed businessmen with a clear eye on making a return. I think it’s possible as I think European football will be where growth will come from for clubs our size.


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[Tyler Durden]

Okay, fair enough. A cash "injection" could be putting money in by way of a loan or investment. Further up the statement it describes it as an investment, which means not debt therefore not expected to be paid back.

I’m pretty certain that Ron himself said it was working capital.

[007]

Making a loan can be classed as an investment too.

We'll wait and see what info comes out once the initial stramash has died down.

It would be good to know exactly what form the money is going in as though we might not know for sure for about 18 months,with the financial year end having just passed a couple of days ago.

[Alex Trager]

Me as well. What’s in it for him kind of thing. Saying that there’s never been a better time to buy the club.

Be interesting to hear what he has to say on that front. But I feel like he has said a lot of the right things.

And we have such a great structure in place that we are in a really good position, we’ve just been waiting for additional investment to take us to the next level.

Hopefully this is that investment.

[blackpoolhibs]

22249Thinking of getting one like this, obviously a Hibs one with Gordon over the badge.

How long should i wait before doing it?

[One Day Soon]

22249Thinking of getting one like this, obviously a Hibs one with Gordon over the badge.

How long should i wait before doing it?

Oh I'd say anytime after Friday will be fine...

[neil7908]

I think i am the only one to be wary of this takeover,although he comes across as an excellent business entrepreneur,I just do not understand these Americans taking over clubs here,I just hope he is in for the long haul.

I'm definitely interested to here more about what's driven him to buy Hibs. I just don't think there is enough money in Hibs or Scottish football for him to fleece us.

He may just end up not being a very good football club chairman. But hopefully Leanne will still be handling the day to day running.

[iwasthere1972]

22249Thinking of getting one like this, obviously a Hibs one with Gordon over the badge.

How long should i wait before doing it?

About ten years I would think.

[hfc rd]

I'm definitely interested to here more about what's driven him to buy Hibs. I just don't think there is enough money in Hibs or Scottish football for him to fleece us.

He may just end up not being a very good football club chairman. But hopefully Leanne will still be handling the day to day running.


Was that not one of Luke Shanley’s first question to him in the Sky interview earlier today?

[BlackSheep]

If I had a tonne of money I would love to buy Hibs, just because I could and I would want to do my best to make the team a success...

So who’s to say that this is not his reason for buying the club?

It’s fine to be wary, but let’s not start doubting his intentions from day 1.

[Sammy7nil]

Was that not one of Luke Shanley’s first question to him in the Sky interview earlier today?

If it was what did he say ?

[bingo70]

If I had a tonne of money I would love to buy Hibs, just because I could and I would want to do my best to make the team a success...

So who’s to say that this is not his reason for buying the club?

It’s fine to be wary, but let’s not start doubting his intentions from day 1.

Don’t think it’s a case of doubting them, just wondering what they are.

[Sammy7nil]

If I had a tonne of money I would love to buy Hibs, just because I could and I would want to do my best to make the team a success...

So who’s to say that this is not his reason for buying the club?

It’s fine to be wary, but let’s not start doubting his intentions from day 1.

If had loads of money I would invest rather than buy owners and chairman get a lot of hate.

[Phil MaGlass]

Not that we will ever know, but, I really wonder how much he has to invest? I dont think for a minute its the millions people are hoping for.If he was a billionaire that might be a different kettle of fish.

[mayo hibee]

If it was what did he say ?

Something along the lines that he had been looking for a football club and Hibs fitted the profile of the kind of club he was looking for.

[hfc rd]

If it was what did he say ?


https://youtu.be/cm9jsUVHDqU

[Wakeyhibee]

I'm definitely interested to here more about what's driven him to buy Hibs. I just don't think there is enough money in Hibs or Scottish football for him to fleece us.

He may just end up not being a very good football club chairman. But hopefully Leanne will still be handling the day to day running.

I'm getting the impression this is a pet project/hobby albeit a serious one. With him being in media and the inference of timing. It looks like he believes Scottish football and Hibs amongst them are undervalued and in time will grow as a whole. Hibs were a suitably sized club that was available for this.

There's no money to be made in football in general so I'm guessing this is his angle. He also seems a very driven person, which if channelled the right way and Hibs are not Americanized could be a good thing long term.

Jury's out for me but i don't see an asset stripper or similar.

[SHODAN]

It looks as though Gordon wants to invest in the academy and infrastructure first. He's happy with the playing budget.

[Keith_M]

If I had a tonne of money I would love to buy Hibs, just because I could and I would want to do my best to make the team a success...

So who’s to say that this is not his reason for buying the club?

It’s fine to be wary, but let’s not start doubting his intentions from day 1.


You're a Hibby, though. AFAIK. Gordon has no attachment to Hibs.

He might be good for the club, he might be a disaster, or most probably somewhere in between. Only time will tell.

[stoneyburn hibs]

I'm getting the impression this is a pet project/hobby albeit a serious one. With him being in media and the inference of timing. It looks like he believes Scottish football and Hibs amongst them are undervalued and in time will grow as a whole. Hibs were a suitably sized club that was available for this.

There's no money to be made in football in general so I'm guessing this is his angle. He also seems a very driven person, which if channelled the right way and Hibs are not Americanized could be a good thing long term.

Jury's out for me but i don't see an asset stripper or similar.

He was asked if he expected a return on his investment, a slight wry smile along with no was the reply.

[Since452]

A big club with a rich history in a beautiful city with a huge fanbase and potential. I can see why we would be appealing.

[HoboHarry]

A big club with a rich history in a beautiful city with a huge fanbase and potential. I can see why we would be appealing.
I was wondering why anyone wanting to invest in a club in Scotland wouldn't try to buy Sevco? They need money.....

[jax67]

If we actually have more spending power than Hearts for the first time in decades (ever?) then they literally will not be able to cope. It'll be great.

They might go under by trying.

[jax67]

I was wondering why anyone wanting to invest in a club in Scotland wouldn't try to buy Sevco? They need money.....

Just because they are the rangers

[Billy Whizz]

I was wondering why anyone wanting to invest in a club in Scotland wouldn't try to buy Sevco? They need money.....

😄

But you have to take the debt with you, whatever King hasn’t swapped for equity
Also have no history

[HoboHarry]

😄

But you have to take the debt with you, whatever King hasn’t swapped for equity
Also have no history
Oh not sure about that Billy, they won the Petrolhead cup did they not?

[Hibees1973]

Always feel that the word ‘investment’ does not fit into football because most owners are not going to make any profit on their investment. Especially a club of our size and in Scotland.

As long as Hibs continue to be a well run club and operate a budget in keeping with turnover then we need have no concerns. Problems happen when you get megalomaniac owners, such as the one they (cheats) had over the road, then things can spiral out of control.

The challenge Hibs have is what do we expect to achieve. Hibs have undoubtedly been progressing on an upward curve over the last 5 years. I just hope our support do not expect Hibs to splash out big wages as this would de-stabalize us.

As as long as we continue the way we are, challenging for the top 4 and in cup finals this will enable us to take part in European football and increase revenue.

There is a chance we could hit upon a great squad and good run of form which may challenge for the top 2, but as all us older supporters know Scottish football is a small pond and we would lose all our best players.

Anyway, after what has gone on at Easter Road prior to the last 5 years Hibees can now look forward with optimism. We have a fantastic Chief Exec in Leanne and a promising young manager in Hecky.

I hope we are entering into a golden period in the Hibs history. Glad I am around to witness what will happen next.

[weecounty hibby]

Hibs have been the most attractive proposition in Scottish football for years. Stadium✔, own training centre✔, lowish debt✔, big support✔, no OF baggage✔, probably fairly low cost✔. I'm sure STF has had offers but has held out for the right person to come along. Let's hope that Hibs and Ron are a perfect match

[Since452]

Some absolute imbecile Rangers fans on Twitter calling us newco. Beyond thick.

[Ozyhibby]

Everyone keeps asking why? I think Leeann explains it very well here, including mentioning the big changes happening in European football from 2021. Hibs are a massive opportunity.
https://twitter.com/bbcsportscot/status/1146115463551901697?s=21



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[SteveHFC]

Some absolute imbecile Rangers fans on Twitter calling us newco. Beyond thick.

The actual state of them :faf:

[Niffy]

Any Hearts fans I've seen mention this are saying at the most we are almost on par with them now financially.
We have the same stadiums, training facilities etc , but they are way better off because of FOH.

Ah well , there was us thinking we were going to be solid too.

[HoboHarry]

Some absolute imbecile Rangers fans on Twitter calling us newco. Beyond thick.

Bizarre. On what basis could we be called newco?

[weecounty hibby]

Some absolute imbecile Rangers fans on Twitter calling us newco. Beyond thick.
Perhaps a but nervous? And ****ing stupid, but that goes without saying

[1875Sean]

What a day! Never realised how much Rangers fans are obsessed with us! Some of the comments on Twitter about the holding company etc is hilarious

[hibees 7062]

https://youtu.be/wMTTqI-RyAk

[weecounty hibby]

Any Hearts fans I've seen mention this are saying at the most we are almost on par with them now financially.
We have the same stadiums, training facilities etc , but they are way better off because of FOH.

Ah well , there was us thinking we were going to be solid too.
The same stadiums, ours is bigger and unlike theirs doesn't need three new stands in the next 5/10 years
Training facilities like our fully owned and available at all times compared to theirs that the HW ladies hockey team can have first dibs on
And never let them forgot that no small businesses or charities were harmed in the making of Hibs being debt free

[hfc rd]

What a day! Never realised how much Rangers fans are obsessed with us! Some of the comments on Twitter about the holding company etc is hilarious


Rangers fans giving advice on football ownerships 😂😂😂

[truehibernian]

Everyone keeps asking why? I think Leeann explains it very well here, including mentioning the big changes happening in European football from 2021. Hibs are a massive opportunity.
https://twitter.com/bbcsportscot/status/1146115463551901697?s=21



Sent from my iPhone using Tapatalk

Best CEO in Scottish football bar none - she has revitalised and changed the ethos of the club root and branch :aok: always measured and considered, passionate about the club, understands football, never wavers from the job in hand despite the pressures..........she's the best person we've recruited to Hibs in years :agree:

[weecounty hibby]

What a day! Never realised how much Rangers fans are obsessed with us! Some of the comments on Twitter about the holding company etc is hilarious

It's gives me a warm sense of pride that they hate us so much. Imagine being liked by those knuckle draggers

[Keith_M]

So, according to fans of the new club, every time they've had a new owner in the last five years, it's a Newco?

[1875godsgift]

So, according to fans of the new club, every time they've had a new owner in the last five years, it's a Newco?


A new con, more like :rolleyes:

[HFC93]

What a day! Never realised how much Rangers fans are obsessed with us! Some of the comments on Twitter about the holding company etc is hilarious

Aye, I've been surprised by this.

They're utterly obsessed with us. Same level of comments from Sevco fans on our recent signings as well.

[hibsforeurope]

I’m not sure,we weren’t selling out Easter road when we built the east stand,yet it has been shown to be a shrewd investment with average crowds way over the old capacity.
Edinburgh ‘s population is rising and increasing the capacity even by a few hundred could be a wise move.


Sent from my iPad using Tapatalk

I’d agree with a slight expansion being needed. It’s currently hard to get groups of tickets together in certain areas. Also filling a corner would be ideal place to start safe standing. Filling a corner with the south could also make it easier to incorporate this stand into the traditional ‘home’ sections.
Both making it easier for new groups/families to buy tickets.

[Northern Hibby]

Can anybody find anything on the Web about bydand sports llc, that is not to do with the takeover?

Or has it just been created for the takeover?

[madhatter]

Can anybody find anything on the Web about bydand sports llc, that is not to do with the takeover?

Or has it just been created for the takeover?

For the takeover. Didn't exist before then.

[HoboHarry]

Can anybody find anything on the Web about bydand sports llc, that is not to do with the takeover?

Or has it just been created for the takeover?
Created for the takeover and comes from the Gordon clan motto....

[Northern Hibby]

For the takeover. Didn't exist before then.

Cool just wondered

[Northern Hibby]

Created for the takeover and comes from the Gordon clan motto....

Cool, New it was the moto.

[vercol36]

Aside from anything else, I’d like to think this might tempt Leanne into staying with us a bit longer. She’s been a breath of fresh air, and very much the driving force between our new lease on life

[Just Alf]

Greenworld, just wondering yer thoughts.

Sent from my SM-G935F using Tapatalk

[WhileTheChief..]

He’s just bought an £18m business for £6m.

Who says you can’t make money in football!

[SteveHFC]

The seething coming from the Rangers and Hearts supporters is pleasing.

[bingo70]

He’s just bought an £18m business for £6m.

Who says you can’t make money in football!

Genuine question but in what way is it an £18m business?

Nobody is paying that much for Hibs.

[WhileTheChief..]

Hibs accounts. Might not be exact but it’s there or thereabouts.

£19.8m in Oct 18.

http://www.hibernianfc.co.uk/news/9287

[The 90+2]

Greenworld, just wondering yer thoughts.

Sent from my SM-G935F using Tapatalk

Hey, I’m first in the que Alf :greengrin

[The 90+2]

He’s just bought an £18m business for £6m.

Who says you can’t make money in football!

I mentioned that earlier. He must have given assurances and stipulations.

[Just Alf]

Hey, I’m first in the que Alf :greengrinAh, sorry... Was becoming more and more obvious... To be fair, he's prob at work, I'm not long in myself, he'll defo do as promised. :greengrin

Sent from my SM-G935F using Tapatalk

[WhileTheChief..]

Doesn’t worry me at all.

He can sell us for £60m in the future when the club is worth £180m!

[The 90+2]

Ah, sorry... Was becoming more and more obvious... To be fair, he's prob at work, I'm not long in myself, he'll defo do as promised. :greengrin

Sent from my SM-G935F using Tapatalk

:greengrin

[southsider]

He has bought 70 percent of a business with assets worth 18m. Anyway heard it was 8m plus.

[HIBERNIAN-0762]

The seething coming from the Rangers and Hearts supporters is pleasing.

It really is remarkable the crap that some of these dumbos are spouting over the road. Absolute bawbags.

[The 90+2]

He has bought 70 percent of a business with assets worth 18m. Anyway heard it was 8m plus.

£20m to be pumped in I’ve heard.

[RyeSloan]

It looks as though Gordon wants to invest in the academy and infrastructure first. He's happy with the playing budget.

And quite right too.

If he wants to build the club then it needs room to grow.

I know many will say the stadium is big enough already but just looking at our average attendances and the difficulties re splitting the south for home fans for big matches then I’m convinced he’ll be looking at expanding and developing the stadium as well as growing the TC in terms of indoor facilities etc.

They are pre requisites to ensuring we can increase revenue as well as support the first team and youth development effectively...

In other words while I’m sure he will allow some extra spending of players he very much sounds like he wants to grow Hibs as a business to organically fuel increased revenues that will support higher first team spending.

It might take 3 - 5 years to fully come to fruition but boy we are in a great place to start something quite ambitious and with some sound investment up front and a bit of luck on the park we might just be at the start of a very interesting journey!!

[Hermit Crab]

£20m to be pumped in I’ve heard.


Stop it! :fishin:

[Unseen work]

£20m to be pumped in I’ve heard.

Surely a wind up? That’s an obscene amount of money to put into us even if that includes the stadium, indoor pitch and academy.

[Hermit Crab]

Surely a wind up? That’s an obscene amount of money to put into us even if that includes the stadium, indoor pitch and academy.


He's at it!

[The 90+2]

Surely a wind up? That’s an obscene amount of money to put into us even if that includes the stadium, indoor pitch and academy.

Sorry I was replying to the negative guess.

[Tobias Funke]

The seething coming from the Rangers and Hearts supporters is pleasing.

The thread on Keechback that started the other day as a laugh at us has quickly turned into a lot of tears, snotters and utter denial.

Kiwidoug still the same, a total throbbing bellend.

[hfc rd]

The thread on Keechback that started the other day as a laugh at us has quickly turned into a lot of tears, snotters and utter denial.

Kiwidoug still the same, a total throbbing bellend.


Been reading the thread on kickback for the last hour. The seethe & general jealousy/disappointment over there has kept me up all night smiling and laughing away!

They really are gutted with this news!

[HoboHarry]

The thread on Keechback that started the other day as a laugh at us has quickly turned into a lot of tears, snotters and utter denial.

Kiwidoug still the same, a total throbbing bellend.

Kiwidoug was a hoot back in the day on the Scotsman forum. He couldn't keep his NZ times straight and I kept catching him out. The Prof was the other one - kept telling people he was a high ranking executive and then made the mistake of posting from his work computer during the Hearts Barcelona game. He vanished for a fortnight when I called him out on it :faf:

[hfc rd]

https://mobile.twitter.com/RMEditsUK/status/1146057563026284544?ref_src=twsrc%5Etfw%7Ctwcamp%5 Etweetembed%7Ctwterm%5E1146057563026284544&ref_url=https%3A%2F%2Fwww.pieandbovril.com%2Fforum %2Findex.php%3Fapp%3Dcore%26module%3Dsystem%26cont roller%3Dembed%26url%3Dhttps%3A%2F%2Ftwitter.com%2 Frmeditsuk%2Fstatus%2F1146057563026284544%3Fs%3D21

[Unseen work]

It’s more exciting the more you think about it. Clearly the debt is absolutely massive, 500k saved per year is massive for us.

500k = 9k per week

That could be spent on bringing 2/3 very good players to the club without even touching the investment money.

[The 90+2]

https://mobile.twitter.com/RMEditsUK/status/1146057563026284544?ref_src=twsrc%5Etfw%7Ctwcamp%5 Etweetembed%7Ctwterm%5E1146057563026284544&ref_url=https%3A%2F%2Fwww.pieandbovril.com%2Fforum %2Findex.php%3Fapp%3Dcore%26module%3Dsystem%26cont roller%3Dembed%26url%3Dhttps%3A%2F%2Ftwitter.com%2 Frmeditsuk%2Fstatus%2F1146057563026284544%3Fs%3D21

Class!

[jgl07]

Although Edinburgh population IS expanding (more than Glasgow) and in ten years we may be looking to broaden our fan base by accommodating our share of a much larger population.



Edinburgh is expanding in population while Glasgow declines would be nearer the mark.

[The 90+2]

It’s more exciting the more you think about it. Clearly the debt is absolutely massive, 500k saved per year is massive for us.

500k = 9k per week

That could be spent on bringing 2/3 very good players to the club without even touching the investment money.

Only if our new guys don’t want the money back. Who’s to say Ron won’t want £500k back pa to get back his investment. It’s exciting and scary at the same time. Let’s not go all hertz and blindly bum the guy thinking there won’t be anything given back the way.

[NAE NOOKIE]

Been reading the thread on kickback for the last hour. The seethe & general jealousy/disappointment over there has kept me up all night smiling and laughing away!

They really are gutted with this news!

The thread is everything you would expect, with the usual delusion and downright lies about Mercer saving Hibs, we just didn't know it, and faux outrage at us trying to kill them off when their Romanov car crash came to its natural conclusion, all based on two or three Hibs fans who actually did get involved, as opposed to the thousands of them who did nothing or actually enjoyed Mercer embarrassing their club in the eyes of world football when he … lets face it Hearts … actually really did try to kill off Hibs. The rest is just utterly juvenile pish written by Yams in their mum's basement.

The bottom line is that given the history of foreign investment in Scottish football its not unreasonable to be cautious about any investor / owner who doesn't have an emotional attachment to the club or area it comes from. But to Hearts fans due to their own experience this has turned into 'selling your soul' even though 99% of clubs in the UK are and will continue to be privately owned. The straw they clutched at to save their club in the form of FOH has become them being fan owned .. even though to date they still don't own a stick of it, so not yet lads eh!.

Even so, in Jambo land this enables them to look down on any club with an actual owner and to ridicule HSL even though the factors relating to the inception of FOH and HSL are entirely different. We never had a need for fans to pump in squillions to save us and now that is even less of a factor.

Their thread is awash with claims that we are all getting excited about squillions being pumped into the club, league wins and champions league football, when not a single post I've read on any Hibs.Net thread since 11am this morning mentions any such thing apart from in a very tongue in cheek way. Ron Gordon has made no such claims and in fact has been pretty clear that things will more or less continue as they have for the last few years, but with an aim of upping the ante regarding the training ground and possibly the stadium and of course an aim to make the club bigger and better.

If HSL continues as it surely will we will end up in what I see as an ideal scenario where we can still attract outside investment while having enough fan control to ensure the clubs safety. The truth of FOH is that it has stalled at around 8000 members for a few years now which says to me it has reached its natural limit …. If that is the case they will have nowhere to go and have very little chance of attracting rich investors to take the club to a new level … I think in the long term I would rather be in our position than theirs. That view isn't based on a need to bash Hearts, more than once on this forum and long before Ron Gordon came along I have advocated against total fan ownership for that very reason.

Like every Hibs fan I live in hope that this new era will be a huge positive for our club, but like every Hibs fan my personal jury will remain out until I've seen some proof of a positive impact from Mr Gordon's ownership over the next few years, be that on or off the pitch, hopefully both.

[Unseen work]

Only if our new guys don’t want the money back. Who’s to say Ron won’t want £500k back pa to get back his investment. It’s exciting and scary at the same time. Let’s not go all hertz and blindly bum the guy thinking there won’t be anything given back the way.


I would hardly saying it’s going all hearts and blindly bumming the guy.

Would the club release a statement saying we’re debt free 6 years in advance when in reality the debt would just be transferred to now owing Gordon? I very much doubt it.

Weird you’re taking such a negative look for something which appears so positive as the club have detailed.

No one is saying we’re going to win the league or split the old firm etc, but it certainly puts us in a better position financially.

[monktonharp]

why would someone invest 5m in a training centre, how would they get any return on that investment :confused:that's the thing that worries me? if that is one of the new owner's priorities Hibrnian, we have a problem.sure he has more in his holster than that

[The 90+2]

I would hardly saying it’s going all hearts and blindly bumming the guy.

Would the club release a statement saying we’re debt free 6 years in advance when in reality the debt would just be transferred to now owing Gordon? I very much doubt it.

Weird you’re taking such a negative look for something which appears so positive as the club have detailed.

No one is saying we’re going to win the league or split the old firm etc, but it certainly puts us in a better position financially.

To be honest mate it’s hard what to think. Just gutted after watching the press conference scared and excited at the same time.

The club would release a statement because as of yesterday the club belongs to our new boy, he can smash whatever he wants on the website.

[Mixu62]

Exciting times. Wondering if, with his background in media and TV, will he be able to give our football dinosaurs... er I mean authorities a health boot up the archibald to market the game better? Maybe could help negotiate a decent new TV deal or even overhaul Hibs TV!! Also pleased that, for the time being at least, he doesn't want to make drastic changes. If it ain't broke etc. Saw one hun on twitter mentioning FFP, aye cos it's so rigorously enforced in Scotland eh?!!

[Steve-O]

that's the thing that worries me? if that is one of the new owner's priorities Hibrnian, we have a problem.sure he has more in his holster than that

Has everyone forgotten that land increases in value? Owning the training centre (and the land it sits on) is hardly a worthless investment, is it. If he increases the profile / turnover / profit of the club, then the training centre only increases in value, surely? And any future owner will need to buy it from him.

I also very much doubt we now owe him ANY money, based on the information that has come out. It would disingenuous in the extreme to say we were "debt free" if in fact we were still in debt!!

[poolman]

The thread is everything you would expect, with the usual delusion and downright lies about Mercer saving Hibs, we just didn't know it, and faux outrage at us trying to kill them off when their Romanov car crash came to its natural conclusion, all based on two or three Hibs fans who actually did get involved, as opposed to the thousands of them who did nothing or actually enjoyed Mercer embarrassing their club in the eyes of world football when he … lets face it Hearts … actually really did try to kill off Hibs. The rest is just utterly juvenile pish written by Yams in their mum's basement.

The bottom line is that given the history of foreign investment in Scottish football its not unreasonable to be cautious about any investor / owner who doesn't have an emotional attachment to the club or area it comes from. But to Hearts fans due to their own experience this has turned into 'selling your soul' even though 99% of clubs in the UK are and will continue to be privately owned. The straw they clutched at to save their club in the form of FOH has become them being fan owned .. even though to date they still don't own a stick of it, so not yet lads eh!.

Even so, in Jambo land this enables them to look down on any club with an actual owner and to ridicule HSL even though the factors relating to the inception of FOH and HSL are entirely different. We never had a need for fans to pump in squillions to save us and now that is even less of a factor.

Their thread is awash with claims that we are all getting excited about squillions being pumped into the club, league wins and champions league football, when not a single post I've read on any Hibs.Net thread since 11am this morning mentions any such thing apart from in a very tongue in cheek way. Ron Gordon has made no such claims and in fact has been pretty clear that things will more or less continue as they have for the last few years, but with an aim of upping the ante regarding the training ground and possibly the stadium and of course an aim to make the club bigger and better.

If HSL continues as it surely will we will end up in what I see as an ideal scenario where we can still attract outside investment while having enough fan control to ensure the clubs safety. The truth of FOH is that it has stalled at around 8000 members for a few years now which says to me it has reached its natural limit …. If that is the case they will have nowhere to go and have very little chance of attracting rich investors to take the club to a new level … I think in the long term I would rather be in our position than theirs. That view isn't based on a need to bash Hearts, more than once on this forum and long before Ron Gordon came along I have advocated against total fan ownership for that very reason.

Like every Hibs fan I live in hope that this new era will be a huge positive for our club, but like every Hibs fan my personal jury will remain out until I've seen some proof of a positive impact from Mr Gordon's ownership over the next few years, be that on or off the pitch, hopefully both.

Excellent post

[poolman]

The thread on Keechback that started the other day as a laugh at us has quickly turned into a lot of tears, snotters and utter denial.

Kiwidoug still the same, a total throbbing bellend.

Kiwidoug is the biggest numpty to post on yakbak and that takes some doing considering the roasters on that site

[Dr_Regal]

Can't believe the day is finally here, been dreaming of this for years/decades.

Very excited about this upcoming season even before the news today.

Would imagine McNulty and Omeonga are now within budget.

[Stonewall]

To be honest mate it’s hard what to think. Just gutted after watching the press conference scared and excited at the same time.

The club would release a statement because as of yesterday the club belongs to our new boy, he can smash whatever he wants on the website.

You’re right he can, but I would hope that all yesterday’s coms had been agreed and signed off by all parties to the deal. In fact I would be astonished if they weren’t.

I’m another who is old enough to remember the Duff/ Gray fiasco so I am optimistic tempered with caution.

[BILLYHIBS]

The thread is everything you would expect, with the usual delusion and downright lies about Mercer saving Hibs, we just didn't know it, and faux outrage at us trying to kill them off when their Romanov car crash came to its natural conclusion, all based on two or three Hibs fans who actually did get involved, as opposed to the thousands of them who did nothing or actually enjoyed Mercer embarrassing their club in the eyes of world football when he … lets face it Hearts … actually really did try to kill off Hibs. The rest is just utterly juvenile pish written by Yams in their mum's basement.

The bottom line is that given the history of foreign investment in Scottish football its not unreasonable to be cautious about any investor / owner who doesn't have an emotional attachment to the club or area it comes from. But to Hearts fans due to their own experience this has turned into 'selling your soul' even though 99% of clubs in the UK are and will continue to be privately owned. The straw they clutched at to save their club in the form of FOH has become them being fan owned .. even though to date they still don't own a stick of it, so not yet lads eh!.

Even so, in Jambo land this enables them to look down on any club with an actual owner and to ridicule HSL even though the factors relating to the inception of FOH and HSL are entirely different. We never had a need for fans to pump in squillions to save us and now that is even less of a factor.

Their thread is awash with claims that we are all getting excited about squillions being pumped into the club, league wins and champions league football, when not a single post I've read on any Hibs.Net thread since 11am this morning mentions any such thing apart from in a very tongue in cheek way. Ron Gordon has made no such claims and in fact has been pretty clear that things will more or less continue as they have for the last few years, but with an aim of upping the ante regarding the training ground and possibly the stadium and of course an aim to make the club bigger and better.

If HSL continues as it surely will we will end up in what I see as an ideal scenario where we can still attract outside investment while having enough fan control to ensure the clubs safety. The truth of FOH is that it has stalled at around 8000 members for a few years now which says to me it has reached its natural limit …. If that is the case they will have nowhere to go and have very little chance of attracting rich investors to take the club to a new level … I think in the long term I would rather be in our position than theirs. That view isn't based on a need to bash Hearts, more than once on this forum and long before Ron Gordon came along I have advocated against total fan ownership for that very reason.

Like every Hibs fan I live in hope that this new era will be a huge positive for our club, but like every Hibs fan my personal jury will remain out until I've seen some proof of a positive impact from Mr Gordon's ownership over the next few years, be that on or off the pitch, hopefully both.

:agree:

:top marks

[21.05.2016]

The thread is everything you would expect, with the usual delusion and downright lies about Mercer saving Hibs, we just didn't know it, and faux outrage at us trying to kill them off when their Romanov car crash came to its natural conclusion, all based on two or three Hibs fans who actually did get involved, as opposed to the thousands of them who did nothing or actually enjoyed Mercer embarrassing their club in the eyes of world football when he … lets face it Hearts … actually really did try to kill off Hibs. The rest is just utterly juvenile pish written by Yams in their mum's basement.

The bottom line is that given the history of foreign investment in Scottish football its not unreasonable to be cautious about any investor / owner who doesn't have an emotional attachment to the club or area it comes from. But to Hearts fans due to their own experience this has turned into 'selling your soul' even though 99% of clubs in the UK are and will continue to be privately owned. The straw they clutched at to save their club in the form of FOH has become them being fan owned .. even though to date they still don't own a stick of it, so not yet lads eh!.

Even so, in Jambo land this enables them to look down on any club with an actual owner and to ridicule HSL even though the factors relating to the inception of FOH and HSL are entirely different. We never had a need for fans to pump in squillions to save us and now that is even less of a factor.

Their thread is awash with claims that we are all getting excited about squillions being pumped into the club, league wins and champions league football, when not a single post I've read on any Hibs.Net thread since 11am this morning mentions any such thing apart from in a very tongue in cheek way. Ron Gordon has made no such claims and in fact has been pretty clear that things will more or less continue as they have for the last few years, but with an aim of upping the ante regarding the training ground and possibly the stadium and of course an aim to make the club bigger and better.

If HSL continues as it surely will we will end up in what I see as an ideal scenario where we can still attract outside investment while having enough fan control to ensure the clubs safety. The truth of FOH is that it has stalled at around 8000 members for a few years now which says to me it has reached its natural limit …. If that is the case they will have nowhere to go and have very little chance of attracting rich investors to take the club to a new level … I think in the long term I would rather be in our position than theirs. That view isn't based on a need to bash Hearts, more than once on this forum and long before Ron Gordon came along I have advocated against total fan ownership for that very reason.

Like every Hibs fan I live in hope that this new era will be a huge positive for our club, but like every Hibs fan my personal jury will remain out until I've seen some proof of a positive impact from Mr Gordon's ownership over the next few years, be that on or off the pitch, hopefully both.


Agree. Not sure where they are getting that stuff from as I haven't seen anyone make any outlandish claims or boast that we are gonna be this big massive super power club or any of the bull**** the yams peddled out when Romanov was there. Gordon came across in his interview very grounded and made it clear it will be a gradual process that will hopefully eventually see the club competing for best of the rest spot and hopefully putting a challenge to the OF. Nothing like the massive outlandish claims that Romanov made, that they all bought into hook line and sinker about being Champions of Europe within 10 years, world cup stars, a massive multiplex stadium etc etc. Romanov very much fuelled the yam fantasy that they are something big and special hence all the "your the wee team, too wee and insignificant to be our rivals now etc etc".

[DetroitHibs]

I can see us starting to match the likes of Hearts and Aberdeen when it comes to attracting players. It’s not spending crazy money, but keeping us competitive. In all honesty a players going to choose Hibs and Edinburgh over Aberdeen if the same wages are offered.

[Brightside]

that's the thing that worries me? if that is one of the new owner's priorities Hibrnian, we have a problem.sure he has more in his holster than that

STF invested 5m in a training centre tho? He could have just taken the cash? Speculate to accumulate. He wants hibs to be too 3 and then prob sell in 10 years.

[jakedance]

Excited but cautious. We don’t really know Gordon’s full intentions but he’s said the rest things and I trust Sir Tom not to have sold the club to a scoundrel. It will be interesting to see how the manager is backed.

[Salisbury Hibby]

Has everyone forgotten that land increases in value? Owning the training centre (and the land it sits on) is hardly a worthless investment, is it. If he increases the profile / turnover / profit of the club, then the training centre only increases in value, surely? And any future owner will need to buy it from him.

I also very much doubt we now owe him ANY money, based on the information that has come out. It would disingenuous in the extreme to say we were "debt free" if in fact we were still in debt!!So, if it's disingenuous to say that we're debt free, who does the club owe money to?

Sent from my SM-A520F using Tapatalk

[Peevemor]

Only if our new guys don’t want the money back. Who’s to say Ron won’t want £500k back pa to get back his investment. It’s exciting and scary at the same time. Let’s not go all hertz and blindly bum the guy thinking there won’t be anything given back the way.It's worth noting that Ron is now executive chairman, meaning he'll draw a salary. We'll have to wait and see how much.

[Borderhibbie76]

Kiwidoug is the biggest numpty to post on yakbak and that takes some doing considering the roasters on that siteSomeone put Gorgie and Dalry in suicide watch please [emoji12][emoji23]

Sent from my SM-G950F using Tapatalk

[Since452]

Hearts fans are spewing. We don't have a Romanov charlatan who's going to pick the team every week and bankrupt us through mismanagement. The club hasn't been sold because of crippling debt and we're not about to move to Murrayfield. The club has been sold from a position of strength and will now continue to gradually get stronger on and off the park over the next decade or so. Leeann will be running the club with Ron in the background supporting her. We have zero debt, nothing, ziltch which is 500k per year better off straight away, our fully owned training ground is about to become the best club owned facility in Scotland and the youth academy will be too. There wont be 10k per week players but we're now in a position match Aberdeen at the very least and we don't have a new stadium to fund. Natural order Jambos, natural order.

[The Spaceman]

Hearts fans are spewing. We don't have a Romanov charlatan who's going to pick the team every week and bankrupt us through mismanagement. The club hasn't been sold because of crippling debt and we're not about to move to Murrayfield. The club has been sold from a position of strength and will now continue to gradually get stronger on and off the park over the next decade or so. Leeann will be running the club with Ron in the background supporting her. We have zero debt, nothing, ziltch which is 500k per year better off straight away, our fully owned training ground is about to become the best club owned facility in Scotland and the youth academy will be too. There wont be 10k per week players but we're now in a position match Aberdeen at the very least and we don't have a new stadium to fund. Natural order Jambos, natural order.

Delicious.

[leith lynx]

The thread is everything you would expect, with the usual delusion and downright lies about Mercer saving Hibs, we just didn't know it, and faux outrage at us trying to kill them off when their Romanov car crash came to its natural conclusion, all based on two or three Hibs fans who actually did get involved, as opposed to the thousands of them who did nothing or actually enjoyed Mercer embarrassing their club in the eyes of world football when he … lets face it Hearts … actually really did try to kill off Hibs. The rest is just utterly juvenile pish written by Yams in their mum's basement.

The bottom line is that given the history of foreign investment in Scottish football its not unreasonable to be cautious about any investor / owner who doesn't have an emotional attachment to the club or area it comes from. But to Hearts fans due to their own experience this has turned into 'selling your soul' even though 99% of clubs in the UK are and will continue to be privately owned. The straw they clutched at to save their club in the form of FOH has become them being fan owned .. even though to date they still don't own a stick of it, so not yet lads eh!.

Even so, in Jambo land this enables them to look down on any club with an actual owner and to ridicule HSL even though the factors relating to the inception of FOH and HSL are entirely different. We never had a need for fans to pump in squillions to save us and now that is even less of a factor.

Their thread is awash with claims that we are all getting excited about squillions being pumped into the club, league wins and champions league football, when not a single post I've read on any Hibs.Net thread since 11am this morning mentions any such thing apart from in a very tongue in cheek way. Ron Gordon has made no such claims and in fact has been pretty clear that things will more or less continue as they have for the last few years, but with an aim of upping the ante regarding the training ground and possibly the stadium and of course an aim to make the club bigger and better.

If HSL continues as it surely will we will end up in what I see as an ideal scenario where we can still attract outside investment while having enough fan control to ensure the clubs safety. The truth of FOH is that it has stalled at around 8000 members for a few years now which says to me it has reached its natural limit …. If that is the case they will have nowhere to go and have very little chance of attracting rich investors to take the club to a new level … I think in the long term I would rather be in our position than theirs. That view isn't based on a need to bash Hearts, more than once on this forum and long before Ron Gordon came along I have advocated against total fan ownership for that very reason.

Like every Hibs fan I live in hope that this new era will be a huge positive for our club, but like every Hibs fan my personal jury will remain out until I've seen some proof of a positive impact from Mr Gordon's ownership over the next few years, be that on or off the pitch, hopefully both.

Great post N. N.

[Phil MaGlass]

I cant wait to see what he will do with Hibs tv, especially with the comms he has at his disposal. Exciting times indeed.

[delbert]

Can't believe the day is finally here, been dreaming of this for years/decades.

Very excited about this upcoming season even before the news today.

Would imagine McNulty and Omeonga are now within budget.

Would very much doubt this. Our club has been professionally and prudently managed for almost 30 years and has put us in a very stable financial footing, making us a very attractive proposition, leading to yesterday’s announcement. I would therefore be astonished if the first thing we now do after all that has gone before is to start crashing the wage structure, which would amongst other things cause major friction in the dressing room, I think we will continue to do things the Hibs way, sensible and within our means.

[sean04]

I wonder what the deal was to clear the debt. A lot of speculation that big Ron cleared it but I don't believe that. I'm guessing sir tom wiped the debt or the best part of it himself.

There ovb a long term plan to bring the best youth players thru the academy and build the club that way. Also having a brilliant academy will attract the best players from boys clubs. If we can get back to producing roirdans, brown, Thomson, fletcher types of players then the academy pays for itself in the long run. With the top facilities and staff in place it's never been a better opportunity for young guys to reach there potential

We won't be spending silly money on players but I can see us snapping up players who we could develop and sell on now.

[WhileTheChief..]

There's no speculation.

He has cleared off the debt. Why don't you believe it?

[greenpaper55]

I just had a peek at Keekback and there is the usual seething along with the moronic replies that i would not dare repeat on here but there was a wee gem from one poster and i quote

"I am sitting here on holiday in Canada and there is mention of this on the news networks, doesn't mean a thing but the guy is held in high regard over here. Sold his companies on to the big TV networks so might explain the interest."

[Caversham Green]

He’s just bought an £18m business for £6m.

Who says you can’t make money in football!

He really hasn't.

The largest element by far of the club's balance sheet is the land and buildings at £24m. That represents the cost (or deemed cost in the case of ER) of getting then to their current condition less depreciation. It bears no relevance to their current market value. The MV of the stadium is very little as it's almost unsellable given the share structure of the club. The land at East Mains could be sold at a push, but probably only if the club was in dire financial straits. The 15 acres cost £432k in 2010, it's value might increase if residential planning permission could be obtained.

The true investment value if he's looking for a return is in expected future profits. That can be assessed by looking at the historical performance of the club and of similar clubs - Hearts and Aberdeen being the most obvious ones. None of these would be particularly encouraging for such an investor so the other option is capital growth - i.e. increasing the value of the club so he can sell at a profit in the future and that can only be good for all of us.

Plus he's only bought two-thirds of the business so he's only entitled to two-thirds of any returns.

[BSEJVT]

There's no speculation.

He has cleared off the debt. Why don't you believe it?

Think we are into semantics here.

There is no question the debt has been cleared.

We will never know the ins and outs of the deal.

The club owed the monies to STF who was also selling his share.

So whether RG paid STF £x for the club & £y to clear off the debt or paid STF £z to extinguish the debt and assume control of the club matters not.

Earlier poster alluded to the fact that he though STF may nave written down / off the debt as part of his exit.

We may never know.

[DetroitHibs]

If McGinn is sold for big money, he might just get his entire investment back in a oner.

[Ozyhibby]

If McGinn is sold for big money, he might just get his entire investment back in a oner.

No he won’t, that money belongs to the club.


Sent from my iPhone using Tapatalk

[Ozyhibby]

From the Herald today....



RON GORDON insists Hibernian’s ambitions should be limitless after he completed a multi-million pound takeover of the Edinburgh club.
The US-based businessman has bought out the majority shareholding of Sir Tom Farmer and Rod Petrie and provided a 'seven-figure investment' into the Easter Road outfit.
The change of ownership, which sees Gordon replace Petrie as chairman, has also wiped out the club’s debt of around £3million, which was owed to Farmer in the form of a mortgage that was not scheduled to be cleared for another six years.
Gordon, born in Peru but with Scottish ancestors from the Highland village of Tomintoul, has made his money in America after setting up ZGS Communications, a TV production company serving the Spanish-speaking community. Having founded the firm with $200, Gordon sold it to Comcast/NBC Universal for a reported $75 million in 2017.
The 63-year-old has been a football fan since childhood but admits he has much to learn about the game in Scotland and the running of one of its foremost clubs. Hibs’ new owner does, however, know plenty about the Premiership’s current monopoly and insists his new charges’ sights should be set on at least trying to break Celtic’s dominance.

"I don't think there should be a limit to the ambition here,” he said whilst refusing to confirm or deny whether the £6m or £7m mooted as his investment was even ‘a ballpark’ figure. “That is not to say that we can win the championship, as it is not so easy, but we need to start making progress. It is a process of going to the next level and the next level after that.
“I don't think you can go from A-Z without going through all the letters. We need to do that. I am not saying we are too far away, as the club is already in a great place, but getting to the top of the Scottish Premiership is a big ask.
“It is totally an ambition and it needs to be an ambition. I don't think we should ever give up on that ambition. I don't think it necessarily a good thing that a club like Celtic wins every year. It does not do the game any good. It's great for Celtic and congratulations to them but I think it would be good for the game to have a more competitive league."



Sent from my iPhone using Tapatalk

[Jim44]

Hearts fans are spewing. We don't have a Romanov charlatan who's going to pick the team every week and bankrupt us through mismanagement. The club hasn't been sold because of crippling debt and we're not about to move to Murrayfield. The club has been sold from a position of strength and will now continue to gradually get stronger on and off the park over the next decade or so. Leeann will be running the club with Ron in the background supporting her. We have zero debt, nothing, ziltch which is 500k per year better off straight away, our fully owned training ground is about to become the best club owned facility in Scotland and the youth academy will be too. There wont be 10k per week players but we're now in a position match Aberdeen at the very least and we don't have a new stadium to fund. Natural order Jambos, natural order.

It remains to be seen where we will end up with this, but there are enough sour grapes on KB to start a massive vinegar factory. :greengrin

[Ozyhibby]

https://magazine.dailybusinessgroup.co.uk/2019/07/03/hibs-new-owner-puts-ambitions-to-the-test/amp/?__twitter_impression=true


Sent from my iPhone using Tapatalk

[1van Sprou7e]

From the Herald today....



RON GORDON insists Hibernian’s ambitions should be limitless after he completed a multi-million pound takeover of the Edinburgh club.
The US-based businessman has bought out the majority shareholding of Sir Tom Farmer and Rod Petrie and provided a 'seven-figure investment' into the Easter Road outfit.
The change of ownership, which sees Gordon replace Petrie as chairman, has also wiped out the club’s debt of around £3million, which was owed to Farmer in the form of a mortgage that was not scheduled to be cleared for another six years.
Gordon, born in Peru but with Scottish ancestors from the Highland village of Tomintoul, has made his money in America after setting up ZGS Communications, a TV production company serving the Spanish-speaking community. Having founded the firm with $200, Gordon sold it to Comcast/NBC Universal for a reported $75 million in 2017.
The 63-year-old has been a football fan since childhood but admits he has much to learn about the game in Scotland and the running of one of its foremost clubs. Hibs’ new owner does, however, know plenty about the Premiership’s current monopoly and insists his new charges’ sights should be set on at least trying to break Celtic’s dominance.

"I don't think there should be a limit to the ambition here,” he said whilst refusing to confirm or deny whether the £6m or £7m mooted as his investment was even ‘a ballpark’ figure. “That is not to say that we can win the championship, as it is not so easy, but we need to start making progress. It is a process of going to the next level and the next level after that.
“I don't think you can go from A-Z without going through all the letters. We need to do that. I am not saying we are too far away, as the club is already in a great place, but getting to the top of the Scottish Premiership is a big ask.
“It is totally an ambition and it needs to be an ambition. I don't think we should ever give up on that ambition. I don't think it necessarily a good thing that a club like Celtic wins every year. It does not do the game any good. It's great for Celtic and congratulations to them but I think it would be good for the game to have a more competitive league."



Sent from my iPhone using Tapatalk

Music to my ears, he's certainly saying all the right things

[Since452]

Lets hope for the sake of Hearts fans health that McGinn isn't sold for 50 million any time soon

[Caversham Green]

It's worth noting that Ron is now executive chairman, meaning he'll draw a salary. We'll have to wait and see how much.

He might draw a salary but it's not certain that he will. He might just want to be more officially hands-on.

In terms of his intentions (nothing to do with Peevemor's post btw) if he did simply want to get involved with a football club as a hobby, Hibs were his best bet by a long way. Scottish roots (Granpa telling the wee boy tales of the auld country?), Celtic not really viable, Sevco still a financial and legal basket case, Hearts embarking on a full fan ownership project, and Aberdeen embarking on a very expensive stadium build. Meanwhile, Hibs have a complete but expandable infrastructure and an owner who wanted to sell.

On the other hand he could possibly be a Romanov type with ambitions beyond his ability or an asset stripper, but nothing he has said or done so far would suggest that's the case and Hibs would not be a very good buy on these terms given the substantial fan ownership.

I feel good about him.

[FilipinoHibs]

No he won’t, that money belongs to the club.


Sent from my iPhone using Tapatalk

If we dont spend it could be distributed as special dividend to shareholders. Of Ron holds 67%.

[FilipinoHibs]

He might draw a salary but it's not certain that he will. He might just want to be more officially hands-on.

In terms of his intentions (nothing to do with Peevemor's post btw) if he did simply want to get involved with a football club as a hobby, Hibs were his best bet by a long way. Scottish roots (Granpa telling the wee boy tales of the auld country?), Celtic not really viable, Sevco still a financial and legal basket case, Hearts embarking on a full fan ownership project, and Aberdeen embarking on a very expensive stadium build. Meanwhile, Hibs have a complete but expandable infrastructure and an owner who wanted to sell.

On the other hand he could possibly be a Romanov type with ambitions beyond his ability or an asset stripper, but nothing he has said or done so far would suggest that's the case and Hibs would not be a very good buy on these terms given the substantial fan ownership.

I feel good about him.

I tend to agree. Worst case it turn I to a profitable concern in top three of SPL and good runs in ÷
Europe and sells his shares at a profit.

[Juice-Terry]

Think we are into semantics here.

There is no question the debt has been cleared.

We will never know the ins and outs of the deal.

The club owed the monies to STF who was also selling his share.

So whether RG paid STF £x for the club & £y to clear off the debt or paid STF £z to extinguish the debt and assume control of the club matters not.

Earlier poster alluded to the fact that he though STF may nave written down / off the debt as part of his exit.

We may never know.

True, but what does that have to do with semantics?

[Since452]

I guess we'll find out how much has been invested when the club release their accounts

[Hibernian32]

He really hasn't.

The largest element by far of the club's balance sheet is the land and buildings at £24m. That represents the cost (or deemed cost in the case of ER) of getting then to their current condition less depreciation. It bears no relevance to their current market value. The MV of the stadium is very little as it's almost unsellable given the share structure of the club. The land at East Mains could be sold at a push, but probably only if the club was in dire financial straits. The 15 acres cost £432k in 2010, it's value might increase if residential planning permission could be obtained.

The true investment value if he's looking for a return is in expected future profits. That can be assessed by looking at the historical performance of the club and of similar clubs - Hearts and Aberdeen being the most obvious ones. None of these would be particularly encouraging for such an investor so the other option is capital growth - i.e. increasing the value of the club so he can sell at a profit in the future and that can only be good for all of us.

Plus he's only bought two-thirds of the business so he's only entitled to two-thirds of any returns.

He could get mega returns if he invest and buys the correct players to turn in a profit.

[Caversham Green]

He could get mega returns if he invest and buys the correct players to turn in a profit.

But he'd have to share it with the other shareholders.

[surreyhibbie]

some of the stuff on Keechback is unbelievable...

if you can bring yourself to go there, do. there is some absolute crap being talked. Nothing new I suppose...

[WhileTheChief..]

The kickback stuff is awesome.

Make something up that makes the deal look bad and everyone laps it up.

It’s amazing that so many stupid people can be found in one place.

[hibbyfraelibby]

A wee nugget from the antipodean roaster over on Keekback...

"Kiwidoug Kiwidoug
Posted 11 hours ago
While I have the greatest respect and admiration for our eastern friends, I hope this guy robs them blind.

They've got form. Remember the golden generation who, like Raith and Livingston, won the league cup? What happened to all the transfer fee cash for them.

Trip to Harrods for the Mrss petrie and farmer."

He's hurting and the fact he's hurting from 12000 miles away makes it sweeter.

As I know he reads dotnet the answer to where the money went is simple

1. The biggest all seated fully UEFA/FIFA compliant football stadium in the country outside of Glasgow

2. A fully owned training centre we dont have to get permission from the jolly hockey stickers to play at.

3. Paying our suppliers, staff and players in full and on time every time.

(Ps when did Hurtz last win the League Cup?)

[Onion]

He really hasn't.

The largest element by far of the club's balance sheet is the land and buildings at £24m. That represents the cost (or deemed cost in the case of ER) of getting then to their current condition less depreciation. It bears no relevance to their current market value. The MV of the stadium is very little as it's almost unsellable given the share structure of the club. The land at East Mains could be sold at a push, but probably only if the club was in dire financial straits. The 15 acres cost £432k in 2010, it's value might increase if residential planning permission could be obtained.

The true investment value if he's looking for a return is in expected future profits. That can be assessed by looking at the historical performance of the club and of similar clubs - Hearts and Aberdeen being the most obvious ones. None of these would be particularly encouraging for such an investor so the other option is capital growth - i.e. increasing the value of the club so he can sell at a profit in the future and that can only be good for all of us.

Plus he's only bought two-thirds of the business so he's only entitled to two-thirds of any returns.

Would be surprised if a 64 yr old self-made millionaire from the US thought there was money to be made in buying a Scottish football team, when it’s virtually impossible to break the OF duopoly or compete for Euro millions. Much more likely, he’s looking for a new challenge and to utilise some of his wealth, instead of sticking it in the bank or to fund managers ( zero excitement in that. I’d expect his goal is to try make Hibs a success, have that satisfaction, and move on without losing too much money.

The biggest risk is he commits a lot of money up front, Hibs don’t progress, crowds drop, he loses interest and then hangs around waiting for someone to bail him out. Hibs could stagnate.

[FilipinoHibs]

The kickback stuff is awesome.

Make something up that makes the deal look bad and everyone laps it up.

It’s amazing that so many stupid people can be found in one place.

Not really. Tynecastle and KickBack are ways of bringing all the city's bams into one place. Much easier for the authorities to watch over

[GloryGlory]

But he'd have to share it with the other shareholders.

:agree: We'd also get a vote and mine would be to retain any money in the club. OK, he would have enough shares to overrule us, but not a good look if a significant minority doesn't like what he's doing.

And that would be doubly so if, as executive chairman, he also pays himself a salary.

[WhileTheChief..]

Another one from Kickback....

Farmer charged Hibs £5M after arranging a deal to wipe out around £9M that was due to LBG on their mortgages. When this was done, Hibs announced they were 'debt free' although the £5M was repayable to Farmer at £500K per annum for 10 years.

They've been paying this (mainly through their HSL scam) for 3-4 years so circa £3 to £3.5M outstanding.

Farmer is now 79 and frail. He's not likely to be around for another 6 or 7 years to get his money back, so this deal is perfect for him and his family as well as Petrie who'll also get a chunk of dough for his shares.

HSL look like they've been royally shafted. They'll never achieve the 51% they were supposedly after, all they've done is pay Farmer back some of his loan to them that seemed to be the actual purpose of HSL anyway with Hibs director's on their board. They kept the scam going though, fair play to them on that front.

And they call us gulliblehttps://www.hmfckickback.co.uk/uploads/emoticons/default_smilies_rofl.gif

[MyJo]

He might draw a salary but it's not certain that he will. He might just want to be more officially hands-on.

In terms of his intentions (nothing to do with Peevemor's post btw) if he did simply want to get involved with a football club as a hobby, Hibs were his best bet by a long way. Scottish roots (Granpa telling the wee boy tales of the auld country?), Celtic not really viable, Sevco still a financial and legal basket case, Hearts embarking on a full fan ownership project, and Aberdeen embarking on a very expensive stadium build. Meanwhile, Hibs have a complete but expandable infrastructure and an owner who wanted to sell.

On the other hand he could possibly be a Romanov type with ambitions beyond his ability or an asset stripper, but nothing he has said or done so far would suggest that's the case and Hibs would not be a very good buy on these terms given the substantial fan ownership.

I feel good about him.

I like the fact he isn’t making grandiose claims about us winning the league next season and being champions league regulars after he’s pumped millions into the club.

It’s reassuring that he is instead saying invest in the academy and the facilities and be the best at that in Scotland, become the third biggest club and cement that place before pushing on to challenge the old firm in time.

The way he grows the value of the club and generates significantly higher income is by producing players we will eventually sell to bigger clubs for sizeable transfer fees. Much like Celtic have done with Van Dijk, Wanyama, Dembele and Tierney.

Hes also honest enough to say that he needs to spend the next few months learning about the clubs workings and Scottish football as a whole. He recognises the value in our footballing structure under Dempster and trusts it to operate as it has been.

He is pretty much the exact opposite of Romanov from what I’ve seen and heard so far.

I’m also satisfied with STF and Petrie’s endorsement of him. I genuinely don’t believe they would sell up to someone if there was even the slightest chance of the buyer doing anything that would mess up almost three decades of their hard work in transforming us into the club we are today.

Ultimately only time will tell but there aren’t any alarm bells ringing for me right now.

[tonyrougier123]

Jambo fans are in a bad place right now eh?,very energetic in their belief that ron is here to fleece us.😂😂.

Its hard for them to accept hibernian football club is in an extremely healthy position,with a wealthy, level minded football enthusiast.

Maybe mrs budge will find them a wealthy safe pair of hands to hand over their club to once she is finnished with them.but jambos know this.....you will never be a better prospect than hibernian fc for financial backing.

Bet thats hard to swallow??

😂😂😂😂😂😂😂😂😂😂😂😂😂😂

Also we dont think we are going to be winning the league or champions league any time soon either,we are not that gullible a support!!but a slow build towards the spl title would be a dream come true not a lithuanian oily wet dream!!

[Jones28]

Another one from Kickback....

Farmer charged Hibs £5M after arranging a deal to wipe out around £9M that was due to LBG on their mortgages. When this was done, Hibs announced they were 'debt free' although the £5M was repayable to Farmer at £500K per annum for 10 years.

They've been paying this (mainly through their HSL scam) for 3-4 years so circa £3 to £3.5M outstanding.

Farmer is now 79 and frail. He's not likely to be around for another 6 or 7 years to get his money back, so this deal is perfect for him and his family as well as Petrie who'll also get a chunk of dough for his shares.

HSL look like they've been royally shafted. They'll never achieve the 51% they were supposedly after, all they've done is pay Farmer back some of his loan to them that seemed to be the actual purpose of HSL anyway with Hibs director's on their board. They kept the scam going though, fair play to them on that front.

And they call us gulliblehttps://www.hmfckickback.co.uk/uploads/emoticons/default_smilies_rofl.gif





What a bunch of ****wits, do they really believe their own nonsense? HSL money went/goes directly into the playing budget, no passing go to shave off the cream for boards/directors etc, it goes to the manager for playing staff. Simple as that.

Where do they get this rubbish from? I suppose it's a hangover from the years of gas lighting by Romanov. Well done on the champions league jambos.

[WhileTheChief..]

Thing is, no one actually challenges any of that kinda chat. They all just nod along in agreement so long as its negative about us.

If any of them dare suggest it might be a good thing for Hibs they are rounded on immediately.

I assumed it was mostly teenagers on that site but worryingly a lot of them are grown adults. How do they get through life being so thick?!

[tonyrougier123]

What a bunch of ****wits, do they really believe their own nonsense? HSL money went/goes directly into the playing budget, no passing go to shave off the cream for boards/directors etc, it goes to the manager for playing staff. Simple as that.

Where do they get this rubbish from? I suppose it's a hangover from the years of gas lighting by Romanov. Well done on the champions league jambos.
I've had the privilege of listening to a couple of them reassuring themselves,we have been shafted.

Really amusing got to be honest.😁

[MWHIBBIES]

We sold all the golden generation and done nothing with the money. Except pay off alot of debt, build a training ground and complete the stadium. Absolute morons. It amazing me the sheer lack of any thinking at all before posting.

[Barman Stanton]

I love how they talk about Hibs fans hatred for them whilst casually calling us vermin :faf: Absolute morons on that forum. Thankfully most Jambos I know are miles away from what they are like over there.

[SteveHFC]

some of the stuff on Keechback is unbelievable...

if you can bring yourself to go there, do. there is some absolute crap being talked. Nothing new I suppose...

The likes of CraigieBoy would have been crying into their teddy’s last night.

[matty_f]

Another one from Kickback....

Farmer charged Hibs £5M after arranging a deal to wipe out around £9M that was due to LBG on their mortgages. When this was done, Hibs announced they were 'debt free' although the £5M was repayable to Farmer at £500K per annum for 10 years.

They've been paying this (mainly through their HSL scam) for 3-4 years so circa £3 to £3.5M outstanding.

Farmer is now 79 and frail. He's not likely to be around for another 6 or 7 years to get his money back, so this deal is perfect for him and his family as well as Petrie who'll also get a chunk of dough for his shares.

HSL look like they've been royally shafted. They'll never achieve the 51% they were supposedly after, all they've done is pay Farmer back some of his loan to them that seemed to be the actual purpose of HSL anyway with Hibs director's on their board. They kept the scam going though, fair play to them on that front.

And they call us gulliblehttps://www.hmfckickback.co.uk/uploads/emoticons/default_smilies_rofl.gif




Imagine the fun you could have fact checking that one. :faf:

[NC1875]

Another belter from Keekback.

Ron has bought the club hoping McGinn goes to Man Utd for 50m and he’ll take the money he’s invested back from that.

Aye the Sun broke a story less than a week ago and he thought I’ll buy that team Hibs, sorted the whole deal in a couple of days and now he’s just waiting on Man Utd!!!

[04Sauzee]

Think we can all agree on one thing and that's that the Duncan's just aren't very clever.

[SouthMoroccoStu]

Another belter from Keekback.

Ron has bought the club hoping McGinn goes to Man Utd for 50m and he’ll take the money he’s invested back from that.

Aye the Sun broke a story less than a week ago and he thought I’ll buy that team Hibs, sorted the whole deal in a couple of days and now he’s just waiting on Man Utd!!!

Just because you had to sell your club in a hurry, or go out of business, doesn't mean we did

lol what a shower of Duncans

[tonyrougier123]

Just because you had to sell your club in a hurry, or go out of business, doesn't mean we did

lol what a shower of Duncans

The duncans really are donuts!!

[weecounty hibby]

The duncans really are donuts!!
They really are all a bunch of disappointments. That should maybe be the name for a group of them. A disappointment of Duncan's!!!!

[GloryGlory]

Another belter from Keekback.

Ron has bought the club hoping McGinn goes to Man Utd for 50m and he’ll take the money he’s invested back from that.

Aye the Sun broke a story less than a week ago and he thought I’ll buy that team Hibs, sorted the whole deal in a couple of days and now he’s just waiting on Man Utd!!!

That'll also be why Gordon was the guest of the club at the Rangers game earlier this year. :greengrin

[sean04]

Grab a bag of popcorn and head over to kickback. Hilarious

[barcahibs]

We sold all the golden generation and done nothing with the money. Except pay off alot of debt...

That's the bit that confuses them. I've had this conversation with actual hertz fans and they genuinely don't seem to understand the concept of using income to pay bills/debt.

They think that money can only be spent directly on something shiny and new (like a submarine or a Romanov tattoo) and that once you've got the shiny new thing you can then spend the money again.

It's like they understand the concept of bringing in money (collecting money for the poppy fund just as a random example) they're just a bit hazy on the bit where you actually hand the money over to someone else in exchange for goods or services (or in the case of the poppy money because it belongs to someone else).
And they're definitely not keen on the idea that you can only spend the same money once.

It explains a lot about them.

[AltheHibby]

Grab a bag of popcorn and head over to kickback. Hilarious

They have as much knowledge of proper financial practice as Trump does of diplomacy and Boris does of, well, anything.

They really do prove that the difference between intelligence and stupidity is that intelligence has limits.

[Bleeds green]

People can mock and will mock about this info as much as they like but the fact is there is truth in this which we will all find out about in the weeks to come

The mocking at the start of this thread as predicted was embarrassing wonder if some members feel pretty stupid, I doubt it

[tonyrougier123]

Grab a bag of popcorn and head over to kickback. Hilarious

You will need more than one bag 👌😂

[tonyrougier123]

The mocking at the start of this thread as predicted was embarrassing wonder if some members feel pretty stupid, I doubt it

I remember this bleedsgreen.it was in reply to myself.just totally had no faith in the rumours so suggested in banterous humour a few on here were the consortium buying hibs.you where obviously correct in your belief.ment no malice or ill will towards yourself.delighted you were right and I will never confuse you with bleedgreen again.😉.GGTTH my friend.

[Bleeds green]

I remember this bleedsgreen.it was in reply to myself.just totally had no faith in the rumours so suggested in banterous humour a few on here were the consortium buying hibs.you where obviously correct in your belief.ment no malice or ill will towards yourself.delighted you were right and I will never confuse you with bleedgreen again.😉.GGTTH my friend.

Wasn’t a did at you mate was more in general at the refusal of the amount of members to believe that the info could actually be correct, the first 10 or so pages were just certain members mocking anyone that tried to tell the rest there was substance to the story. Anyway good times ahead and a future to look forward to GGTTH

[green day]

The mocking at the start of this thread as predicted was embarrassing wonder if some members feel pretty stupid, I doubt it

Bit of a twattish "look at me, I am so clever" post............

[The 90+2]

Bit of a twattish "look at me, I am so clever" post............

That was the same reply to people at the start of the thread saying it was happening or something was at least. Poster got abuse for sharing, every right to get it up others who mocked.

[My_Wife_Camille]

That was the same reply to people at the start of the thread saying it was happening or something was at least. Poster got abuse for sharing, every right to get it up others who mocked.
People are always quick to dismiss other peoples info but aren't so quick to hold up their hands when the info turns out to be correct. Quite twattish in my opinion.

[Keith_M]

Surely the ultimate test is this:

Does he own a submarine?

[green day]

People are always quick to dismiss other peoples info but aren't so quick to hold up their hands when the info turns out to be correct. Quite twattish in my opinion.

Hope your not talking about me, I have been away up North almost the entire time this has came out / press conf etc and have had patchy 4g.

Hence, I have not had the chance to congratulate all those ITKers who told us that a Peruvian born, Australian educated, American based businessman with no links to Hibs was about to take over - To all of those people (and to be totally fair, I cant actually recall those ones) I tip my hat.

To those who were convinced us it was the Barclay Brothers, or their son (on the PM thread), or some mystery Scottish businessman based abroad are we to congratulate them all as well?
If so, well done for keeping a fine thread going lads:thumbsup:

[AugustaHibs]

Still no response from hermit crab who called me a troll when I said it was done a month ago?

[1van Sprou7e]

Chat that the debt wasn't really paid off and we actually took a mortgage out on the club's assets to pay it?

[Peevemor]

Chat that the debt wasn't really paid off and we actually took a mortgage out on the club's assets to pay it?

No, because that would be a debt.

[southfieldhibby]

No, because that would be a debt.

https://twitter.com/KieranMaguire/status/1146419796990418944?s=20

This is either a doctored document, or confirms that there is infact a debt. Would be good to get this clarified asap

[Stuart93]

Chat that the debt wasn't really paid off and we actually took a mortgage out on the club's assets to pay it?

Don’t believe what you read on Twitter, jambos, huns or supporters with a clear vendetta against whoever’s in charge at the club

[1van Sprou7e]

No, because that would be a debt.

https://twitter.com/KieranMaguire/status/1146419796990418944?s=19

Just what I've seem

[CapitalGreen]

https://twitter.com/KieranMaguire/status/1146419796990418944?s=20

This is either a doctored document, or confirms that there is infact a debt. Would be good to get this clarified asap

No, the registration of a floating charge does not confirm the presence of a debt.

[southfieldhibby]

https://twitter.com/KieranMaguire/status/1146419796990418944?s=19

Just what I've seem

That directly contradicts what we were told yesterday, and if true, casts serious doubts over the entire process and information we were given yesterday. Not good.

[southfieldhibby]

No, the registration of a floating charge does not confirm the presence of a debt.

What does it mean? What does the 4.75% interest rate refer to other than a debt repayment?

[Barman Stanton]

Guys the floating charge is explained on: https://www.hibs.net/showthread.php?340373-Ron-Gordon-s-Plan-For-Hibernian-Football-Club

[Brightside]

That directly contradicts what we were told yesterday, and if true, casts serious doubts over the entire process and information we were given yesterday. Not good.

No it doesnt.

[Since452]

https://twitter.com/KieranMaguire/status/1146419796990418944?s=20

This is either a doctored document, or confirms that there is infact a debt. Would be good to get this clarified asap

It was clarified yesterday. There is no debt. I'll believe the club over randoms on Twitter.

[WhileTheChief..]

Guys the floating charge is explained on: https://www.hibs.net/showthread.php?340373-Ron-Gordon-s-Plan-For-Hibernian-Football-Club

Ha, you still didn't get it after reading that thread :na na::na na:

(Sorry, couldn't resist!)

[craigiehibs]

It was clarified yesterday. There is no debt. I'll believe the club over randoms on Twitter.

need to ask youself too about the motives of those posting about this on twitter!

[Since452]

need to ask youself too about the motives of those posting about this on twitter!

Exactly

[CapitalGreen]

What does it mean? What does the 4.75% interest rate refer to other than a debt repayment?

The floating charge registration just means there is a facility in place for the club to borrow from Hydand Sports LLC secured against the assets of the club if necessary. In no way does it constitute a loan agreement between the club and Hydand Sports.

The interest rate quoted is the rate at which any interest would accrue in the event that the club defaulted on any borrowing under this floating charge.

[Stuart93]

That “price of football” page on twitter making himself out to be an expert to the point people taking what he tweets as gospel

Like what has been said it’s no surprise these guys are already trying to build a campaign against the new guy. Call themselves hibs fans but are damaging the club they’re supposed to support

[Barman Stanton]

Ha, you still didn't get it after reading that thread :na na::na na:

(Sorry, couldn't resist!)

Oh I did, but only after it was broken down. Just trying to help fellow concerned Hibees :wink:

[Hibs90]

The floating charge registration just means there is a facility in place for the club to borrow from Hydand Sports LLC secured against the assets of the club if necessary. In no way does it constitute a loan agreement between the club and Hydand Sports.

The interest rate quoted is the rate at which any interest would accrue in the event that the club defaulted on any borrowing under this floating charge.

Spot on.

The boy on Twitter isn't as smart as he thinks. It's quite easy to get your head around it.

[The 90+2]

People are always quick to dismiss other peoples info but aren't so quick to hold up their hands when the info turns out to be correct. Quite twattish in my opinion.

If coming on here after getting abuse like the poster I replied to did and gave a wee shhsh motion and gets called a twat for doing so then I would completely agree, people that diss others then don’t apologise is even more of an action of a twat.

[Hibee Mac]

https://twitter.com/KieranMaguire/status/1146419796990418944?s=20

This is either a doctored document, or confirms that there is infact a debt. Would be good to get this clarified asap

That guy has clearly never seen a contract before, he's picking and choosing scary words out of a contract framework which have little to no specifics in them. Those pictures are literally evidence of nothing and yet he's preaching about as if he knows something.

[Hibs90]

That guy has clearly never seen a contract before, he's picking and choosing scary words out of a contract framework which have little to no specifics in them. Those pictures are literally evidence of nothing and yet he's preaching about as if he knows something.

Exactly, he literally has no idea what he is talking about.

[craigiehibs]

That guy has clearly never seen a contract before, he's picking and choosing scary words out of a contract framework which have little to no specifics in them. Those pictures are literally evidence of nothing and yet he's preaching about as if he knows something.

quite. well said. lets move on and be positive....cis it is all positive as far as i can see! ggtth

[SRHibs]

He's probably just making an assumption based on what the type of agreement usually implies.

He's got some pretty interesting articles on his site: http://priceoffootball.com/

[SingaporeHibs]

Exciting times ahead I think as Ron comes across as a very dynamic character but that’s not unusual for people that have been successful in business in the US.
I buy into this yet i’m pleased to read most people remain realistic and don’t think he is about to throw huge sums of personal wealth at Hibs. There is best Guess work online with regard to selling his media business for US$75m. I’m sure that’s not the sum of his net wealth but given there isn’t that much online about him I doubt he has tens of millions to throw around at a hobby. He will need to be quite canny and work hard with the board to make improvements around the margin. I was really impressed by his plans for a hands on approach to the next few months.
Maybe just maybe he’ll have a few pals that might like in on the project and each throw some funds into it as we go.
Who knows, it’s going to be fun and interesting as this all plays out.

[One Day Soon]

Thing is, no one actually challenges any of that kinda chat. They all just nod along in agreement so long as its negative about us.

If any of them dare suggest it might be a good thing for Hibs they are rounded on immediately.

I assumed it was mostly teenagers on that site but worryingly a lot of them are grown adults. How do they get through life being so thick?!


Masturbation. A LOT of masturbation.

[green day]

That guy has clearly never seen a contract before, he's picking and choosing scary words out of a contract framework which have little to no specifics in them. Those pictures are literally evidence of nothing and yet he's preaching about as if he knows something.


Exactly, he literally has no idea what he is talking about.

It hasnt stopped some of the usual idiots retweeting it, plus at least one journalist.

I have sent it to Tracey and asked her to bring to LD attention - this kind of crap has a tendency to grow legs.

[Hibs90]

It hasnt stopped some of the usual idiots retweeting it, plus at least one journalist.

I have sent it to Tracey and asked her to bring to LD attention - this kind of crap has a tendency to grow legs.


I'm actually amazed people can't grasp it. Its not exactly rocket science once its laid out infront of you.

[The 90+2]

It hasnt stopped some of the usual idiots retweeting it, plus at least one journalist.

I have sent it to Tracey and asked her to bring to LD attention - this kind of crap has a tendency to grow legs.

Any chance you can stop calling fellow hibs fans idiots?

[1van Sprou7e]

Any chance you can stop calling fellow hibs fans idiots?

Supporting a certain team doesn't make you immune to being an idiot and appropriately being called one

[blackpoolhibs]

Any chance you can stop calling fellow hibs fans idiots?

What would you call someone who is making things up to intentionally hurt the club? :confused:


Idiots seem fine in my opinion. :agree:

[HFC93]

So what's the 'ponzi scheme' gang saying to it all? Apologies if I've missed it

[green day]

Any chance you can stop calling fellow hibs fans idiots?

When its the same guys who were talking about HSL being a "ponzi scheme"?

I think the term idiot is quite tame, tbh............

[Since452]

When its the same guys who were talking about HSL being a "ponzi scheme"?

I think the term idiot is quite tame, tbh............

I wonder what Paul Kane has to say on it

[green day]

So what's the 'ponzi scheme' gang saying to it all? Apologies if I've missed it

They are retweeting it - in the case of Simon Pia, hes also retweeting that David Low tit saying we have all been taken for a ride.

They love it

[HFC93]

Any chance you can stop calling fellow hibs fans idiots?

Statisticaly some hibs fans are idiots. I've come across a few in my time.

[DetroitHibs]

I wonder what Paul Kane has to say on it

Doesn't he have bigger things to worry about like his boozer getting blown up.

[Scouse Hibee]

Statisticaly some hibs fans are idiots. I've come across a few in my time.


Haven't we all, there are plenty in our support as in every other club.

[One Day Soon]

They are retweeting it - in the case of Simon Pia, hes also retweeting that David Low tit saying we have all been taken for a ride.

They love it


Pia :rolleyes:.

If he's being negative about this then that's my cue to feel extremely relaxed about it.

[HFC93]

They are retweeting it - in the case of Simon Pia, hes also retweeting that David Low tit saying we have all been taken for a ride.

They love it

They're like the hibs equivalent of flat earthers. Unfortunately, they're a very vocal minority.

[madhatter]

They are retweeting it - in the case of Simon Pia, hes also retweeting that David Low tit saying we have all been taken for a ride.

They love it

Be nice if we could get rid of this thorn in the side of the club. Nothing will ever be good enough for certain sectors of our fan base.

HSL is a ponzi scheme.
Farmer and Petrie have caused the club to go backwards.
Ronald Gordon is going to do this and that.

You know what I'm most glad about, that these fans with big mouths don't have a lot of cash. They'd drive the club into the ground if they had any say in it. My biggest fear in fan ownership is the radicalised fans (much like politics). Those that are easily sold lies/manufacture them.

We need more information and clarification but we've not even had a full day since the announcement and negative rumours are rife. Something not right about that.

[HFC93]

Haven't we all, there are plenty in our support as in every other club.

Aye, every club has a fair share.

[Hibernia&Alba]

Chat that the debt wasn't really paid off and we actually took a mortgage out on the club's assets to pay it?

Just received a text from a Jambo pal who says exactly the same. Can hardly contain himself. :rolleyes:

I'm not on Twitter. Can we confirm it's total dung?

[Moulin Yarns]

Surely the ultimate test is this:

Does he own a submarine?

More likely to be a flying boat 😉

[Scouse Hibee]

Just received a text from a Jambo pal who says exactly the same. Can hardly contain himself. :rolleyes:

I'm not on Twitter. Can we confirm it's total dung?


The agreement is in the document provisionally should Hibs borrow from Bydand Sports in the future. That does not say they have already lent Hibs money. The new owner has paid off the debt Hibs owed Farmer. There (at present) is no debt. If in say a year Hibs borrow £1m from Bydand Sports to build their indoor pitch, then this agreement in these documents simply gives Bydand security over the loan. IT does not mean Hibs owe them any money at present as they do not.

[Since452]

Just received a text from a Jambo pal who says exactly the same. Can hardly contain himself. :rolleyes:

I'm not on Twitter. Can we confirm it's total dung?

I confirm it's total dung

[hibbyfraelibby]

I wonder what Paul Kane has to say on it

Not me. I couldn't care what that no mark has to say on anything.

[hibbyfraelibby]

They are retweeting it - in the case of Simon Pia, hes also retweeting that David Low tit saying we have all been taken for a ride.

They love it

Pia? Not exactly a rocket scientist, a failed journo and an architect by accident rather than design of the fall and plumet to the depths of Labour in Scotland. Not sure how he manages with all those chips on his shoulders.

[Hibernia&Alba]

The agreement is in the document provisionally should Hibs borrow from Bydand Sports in the future. That does not say they have already lent Hibs money. The new owner has paid off the debt Hibs owed Farmer. There (at present) is no debt. If in say a year Hibs borrow £1m from Bydand Sports to build their indoor pitch, then this agreement in these documents simply gives Bydand security over the loan. IT does not mean Hibs owe them any money at present as they do not.


I confirm it's total dung

Cheers for that. I shall formulate a pithy retort for my maroon friend, who will be devastated. Pleasing.

[MyJo]

Cheers for that. I shall formulate a pithy retort for my maroon friend, who will be devastated. Pleasing.

Just tell him we owe it to ourselves and wait for him to get tied in knots about it

[Caversham Green]

Just received a text from a Jambo pal who says exactly the same. Can hardly contain himself. :rolleyes:

I'm not on Twitter. Can we confirm it's total dung?

They are showing a document that is not a mortgage and is not evidence of any loan being advanced. They've also got the name of the holding company wrong. 100% there is no mortgage in place.

I note David Low is getting involved and I would expect him to know these things. He is not a Hibs supporter and seems to be trying to damage our club. A strange, bitter little man.

[HFC93]

David Low is a Roger Mitchell level walloper.

[Mon Dieu4]

I get the impression some people would like it all to go tits up just to say they were right :rolleyes:

[poolman]

Another one from Kickback....

Farmer charged Hibs £5M after arranging a deal to wipe out around £9M that was due to LBG on their mortgages. When this was done, Hibs announced they were 'debt free' although the £5M was repayable to Farmer at £500K per annum for 10 years.

They've been paying this (mainly through their HSL scam) for 3-4 years so circa £3 to £3.5M outstanding.

Farmer is now 79 and frail. He's not likely to be around for another 6 or 7 years to get his money back, so this deal is perfect for him and his family as well as Petrie who'll also get a chunk of dough for his shares.

HSL look like they've been royally shafted. They'll never achieve the 51% they were supposedly after, all they've done is pay Farmer back some of his loan to them that seemed to be the actual purpose of HSL anyway with Hibs director's on their board. They kept the scam going though, fair play to them on that front.

And they call us gulliblehttps://www.hmfckickback.co.uk/uploads/emoticons/default_smilies_rofl.gif





It's funny that these plums have access to all Hibs financial dealings

could it be true 😁

[Smartie]

I hope Ronald enjoyed his 24 hour honeymoon before the usual suspects amongst the Hibs support decided to jump on his back at the first sign of idle speculation.

Simon Pia has had quite a fall from grace. There was a time when I quite enjoyed his writing, he was thoughtful and a bit different. Sadly this has given way to deranged lunacy as he has got older and I wonder what he actually gets out of any of this. His involvement gave things a bit of credibility 20-30 years ago, nowadays the opposite is true.

Of course, we might one day thank David Icke when the space lizards finally show their face, and we can thank Pia, Low et al for their help in pointing out that our new owner was flat out lying in his opening statements to us. On the other hand, I wonder how much any of these guys can really share in any success our club enjoys when they rail so hard against those who strive to achieve that success.

[SunshineOnLeith]

As someone else said, if Simon Pia thinks it's bad that's just about the best indication we can get that it is, in fact, good.

Wonder who he'll rope into fronting the next ponzi scheme campaign.

[jacomo]

Pia :rolleyes:.

If he's being negative about this then that's my cue to feel extremely relaxed about it.


I think this guy and his chums think they should be running Hibs, and anything short of that won’t please them.

He’s never convinced me he would be a good custodian.