Hibs sold?

[Peevemor]

He's never convinced me (or certainly not recently) that he's anything other than a cock.

[RyeSloan]

He's never convinced me (or certainly not recently) that he's anything other than a cock.

Don’t think he’s even that useful.

[1875STEVE]

Pia will ALWAYS find a way to get a dig in at Hibs, even if it's pish, I seriously don't know what his problem is. He doesn't have Farmer and Petrie to go after now, and the "ponzi scheme" nonsense to drivel on about, so this must be his new thing.

Low has had a chip on his shoulder since he tried to buy us (as part of a consortium iirc) and Farmer said no.

[1875STEVE]

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

could it be true 😁

You no what the best bit is, the Jambos claim HSL failed, as it's "only raised 800k" so far.

Same Jambos post absolute pish like this, claiming HSL has mostly paid back the £2m to Farmer. Where did the extra £1.2m come from?

So either HSL "failed" at 800k, or it paid back £2m. What is it???

Bell ends the lot of them.

[Hermit Crab]

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


What do you want? A big fat congratulations? Look at me look at me!

[FilipinoHibs]

Pia :rolleyes:.

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

I met him in a pub once and he did not think Labour was at all responsible for the financial crisis despite having completely deregulated financial institutions and products and over seen rock bottom interest rates to prevent a recession so they would get relected.

[The Baldmans Comb]

I remember David Low from his TSB Scotland days 30 years ago.

A true sellick man who loved talking the finance of football and was at the time trying to buy up Patrick Thistle shares.

Quite an engaging guy but a total and utter wido who desperately wanted to be a big player but was just a salaried employee like all the rest of us

Farmer saw through him straight away.

[mjhibby]

So after the excellent news we have some guy who finds nothing bar if we lend money from our new owner we will owe him the money. Wow,what an amazing discovery and evidence of how dodgy it is. It really shows just how much the level of lunacy both on the internet and also down Georgie way. I can't believe it is even being discussed. So stf,leeann,,hibs,rod and the new owner are all liars. The seethe from all away from er is tangible. While I don't expect us to be second I'm sure the dons expect us to be challenging them for third and as we are much stronger both on and off the pitch from last season the team below us last year know they are struggling to get above us. Hey presto wild internet theories with zero evidence to back them up.
Pathetic but the way it is nowadays. The proof is in the pudding so let's wait and see but happy days ahead.

[Hibernia&Alba]

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

He hasn't got back to me yet :greengrin

[mutley]

The way I a looking at this, our jambo "friends" are clutching at straws. Just because they know that Queen Ann is charging them interest and by the looks if it, will still be around for a very long time as they cant raise the cash to pay her off, as every time they raise funds, it's gets spent elsewhere (think of the over-spend on the new stand - which still isn't finished meaning costs will still be rising).

Here we are with a new owner that has cleared the debt and is making an investment in our club. I have not seen anywhere that stipulates how he expects a return on his investment, certainly no loans with 6% interest has been mentioned, but that may change in the future IF loans are taken from Bydand.

We have openly stated that the debt owed to STF has been cleared, it did not say debt transferred.

Onwards and upwards hibees, lets just look forward to a great season, and maybe this time next year we will have a clearer idea of Ron's vision for the club going forward.

GGTTH

[FilipinoHibs]

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

could it be true 😁

I think we had about £7m debt to the bank. Farmer paid off and Hibs took a loan to repay him. He converted half into shares and Hi s took a n interest free mortgage on the rest. Paying it back in 500k annual chunks. Ron probably too the shares and had Tom's debt converted to shares for £6m. So Farmer taking a loss. But as you say he is 79 and wants all his assets in cash or in a liquid form so he can distribute to family and worthy causes when he dies.

[FilipinoHibs]

I think we had about £7m debt to the bank. Farmer paid off and Hibs took a loan to repay him. He converted half into shares and Hi s took a n interest free mortgage on the rest. Paying it back in 500k annual chunks. Ron probably too the shares and had Tom's debt converted to shares for £6m. So Farmer taking a loss. But as you say he is 79 and wants all his assets in cash or in a liquid form so he can distribute to family and worthy causes when he dies.

Looking back at paper reports the debt was £8m. It was probably on a fixed term, so the present value with interest payments around £9m. Half turned into a mortgage at 4.5m with no interest to be paid off at 500k a year. So 3m in debt left plus 4.5m in shares. Tom take a 20% to sell out to Ron. Generous but how was he going to free his assets otherwise.

[J-C]

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

I got my info 3 weeks ago from a pal who works at EM, he was told his wages were being moved over to a new company and that all jobs were still secure and nothing to worry about. I then got a text 2 weeks ago saying US takeover but it was Barclays. Obviously a lot going around at the time with lots of speculation.

[Peevemor]

It's not even that they're clutching at straws, the majority simply have no idea what they're talking about.

They're making a big thing about our quest for fan ownership now being goosed and that the fans and HSL have been taken for mugs. The reality is that there has never been any great demand from the Hibs support for fan ownership, it was offered, very generously by STF & the board, when the debt was restructured 3-4 years ago. Far from being the huge flop that they're making out, fan ownership currently stands at 40%.

[J-C]

Pia, Paul Kane, the other lad Kane that paints himself as the Pilton che guevara and their wee band of chums - Hibs flat earthers the lot of them. Desperate to get rid of STF and Petrie and when that day arrives they don’t know what to do with themselves, but they sure as sh&t can’t just accept the new guy so they will double down and come up with some more spurious sh&te in the next week or so - once they’ve worked out what that actually is. Embarrassing.

Simon - just in case you are reading this, I’m secretly getting paid in cash by Big Ron just to put stuff like this out on the forum. And aliens also exist ya bellend.

Just read all their vile crap on twitter, bunch of roasters the lot of the. Hatred for Farmer and Petrie and when they're finally gone, now getting stuck into the new guy basically calling him a shyster and fraud.

[Ozyhibby]

It's not even that they're clutching at straws, the majority simply have no idea what they're talking about.

They're making a big thing about our quest for fan ownership now being goosed and that the fans and HSL have been taken for mugs. The reality is that there has never been any great demand from the Hibs support for fan ownership, it was offered, very generously by STF & the board, when the debt was restructured 3-4 years ago. Far from being the huge flop that they're making out, fan ownership currently stands at 40%.

And HSL and the fans who own shares have enough power to stop the club doing anything crazy like borrowing beyond our means or selling Easter road etc.


Sent from my iPhone using Tapatalk

[J-C]

It's not even that they're clutching at straws, the majority simply have no idea what they're talking about.

They're making a big thing about our quest for fan ownership now being goosed and that the fans and HSL have been taken for mugs. The reality is that there has never been any great demand from the Hibs support for fan ownership, it was offered, very generously by STF & the board, when the debt was restructured 3-4 years ago. Far from being the huge flop that they're making out, fan ownership currently stands at 40%.

Can you imagine that bunch of eejits running Hibs, we'll be dead as a club in months.

[CapitalGreen]

I got my info 3 weeks ago from a pal who works at EM, he was told his wages were being moved over to a new company and that all jobs were still secure and nothing to worry about. I then got a text 2 weeks ago saying US takeover but it was Barclays. Obviously a lot going around at the time with lots of speculation.

What company was your pal previously paid by and who is he paid by now?

[J-C]

What company was your pal previously paid by and who is he paid by now?

Don't know exactly, probably the holding company, just said something was going on but never new what exactly, it all makes sense now.

[CapitalGreen]

Don't know exactly, probably the holding company, just said something was going on but never new what exactly, it all makes sense now.

HFC Holdings had 0 employees as per their latest published accounts.

I can't imagine any employee at East Mains has changed which company is paying their wages as a result of this share purchase by Bydand Sports LLC from HFC Holdings.

[J-C]

HFC Holdings had 0 employees as per their latest published accounts.

I can't imagine any employee at East Mains has changed which company is paying their wages as a result of this share purchase by Bydand Sports LLC from HFC Holdings.

Only going by what I was told.

[Bob Box Fish]

I’m not suggesting any wrong-doing just wondering what others thoughts are.

Last year our income from the European games was seven figure minus the travel incurred. We had our money from the original McGinn transfer to Villa which would subsequently be topped up by Villa’s promotion. We also had an average gate of almost 18,000.

To make Hibs a more attractive prospect to any buyer could it be that the club used the income mentioned along with HSL funds to reduce the debt significantly before completing the deal?

[w pilton hibby]

I’m not suggesting any wrong-doing just wondering what others thoughts are.

Last year our income from the European games was seven figure minus the travel incurred. We had our money from the original McGinn transfer to Villa which would subsequently be topped up by Villa’s promotion. We also had an average gate of almost 18,000.

To make Hibs a more attractive prospect to any buyer could it be that the club used the income mentioned along with HSL funds to reduce the debt significantly before completing the deal?

From what I've read there have been several prospective buyers who found Hibs an attractive prospect but only one that Sir Tom and Rod judged an attractive purchaser.

[CapitalGreen]

I’m not suggesting any wrong-doing just wondering what others thoughts are.

Last year our income from the European games was seven figure minus the travel incurred. We had our money from the original McGinn transfer to Villa which would subsequently be topped up by Villa’s promotion. We also had an average gate of almost 18,000.

To make Hibs a more attractive prospect to any buyer could it be that the club used the income mentioned along with HSL funds to reduce the debt significantly before completing the deal?

I am not sure how reducing the cash assets of the club would make Hibs more attractive to any buyer.

[ancient hibee]

Looking back at paper reports the debt was £8m. It was probably on a fixed term, so the present value with interest payments around £9m. Half turned into a mortgage at 4.5m with no interest to be paid off at 500k a year. So 3m in debt left plus 4.5m in shares. Tom take a 20% to sell out to Ron. Generous but how was he going to free his assets otherwise.


You're way off beam.Other than the mortgage to STF the club had no other borrowing in the last accounts.STF didn't convert any of debt due to him in recent years to shares which would have had to be issued to the holding company and the idea that a man as rich as STF has to worry about a piddling little £3/4 M to free up his assets is fantasy.

[BSEJVT]

I’m not suggesting any wrong-doing just wondering what others thoughts are.

Last year our income from the European games was seven figure minus the travel incurred. We had our money from the original McGinn transfer to Villa which would subsequently be topped up by Villa’s promotion. We also had an average gate of almost 18,000.

To make Hibs a more attractive prospect to any buyer could it be that the club used the income mentioned along with HSL funds to reduce the debt significantly before completing the deal?

Folk are really over thinking this

STF was owed £3m ish by the club

That loan no longer exists

According to RP at the presentation

RG owns just in excess of 2/3rds of shares

With remainder owned by nominees HSL and fans

RG has injected working capital into club

Nothing else matters

I would though say that it’s likely based on earlier percentages stated on this thread that he purchased some of the shares that had previously been being purchased monthly by HSL to have changed percentages as reported and that is where his capital injection went

My guess is that he paid over the odds for STF and RP’s shareholding in exchange for STF writing off debt

Folk have always struggled with the concept that the issuing of new shares decreases the percentage of shares owned by existing hilders

[Hibernia&Alba]

Where is CWG? He should be all over this like a rash :greengrin

[w pilton hibby]

I’m not suggesting any wrong-doing just wondering what others thoughts are.

Last year our income from the European games was seven figure minus the travel incurred. We had our money from the original McGinn transfer to Villa which would subsequently be topped up by Villa’s promotion. We also had an average gate of almost 18,000.

To make Hibs a more attractive prospect to any buyer could it be that the club used the income mentioned along with HSL funds to reduce the debt significantly before completing the deal?

As I understand it, the only long term debt was the mortgage to the holding company. Are you inferring Sir Tom and Rod arranged themselves a pay off?

[mjhibby]

I’m not suggesting any wrong-doing just wondering what others thoughts are.

Last year our income from the European games was seven figure minus the travel incurred. We had our money from the original McGinn transfer to Villa which would subsequently be topped up by Villa’s promotion. We also had an average gate of almost 18,000.

To make Hibs a more attractive prospect to any buyer could it be that the club used the income mentioned along with HSL funds to reduce the debt significantly before completing the deal?

We will find out in the accounts next year but any extra money we got would either go to reduce debt or into cash reserves. Obviously if it all went into debt reduction then it would make it much easier to sell the club. It doesn't really matter if the debt is cleared and maybe the reduction in debt is the money that the new owner has invested in the club. Just surmising. Whichever way you put it we are now debt free and around £2-3m healthier than a few weeks ago with the mgcginn windfall,the stopping of paying 500,000 back to stf plus what the new owner has put in. Obviously this has upset loads of folk and I'm sure the usual internet conspiracy nutters will be feverishly be dreaming up nonsense. It's exciting times but after all the dust has settled it's what we do on the park that will decide how we progress as a club. Europe next year then improve the squad then repeat. We are clearly targeting regular euro involvement so we just have to see if Hecky can deliver. Going on his time last season I'd be very confident he would.

[Caversham Green]

I am not sure how reducing the cash assets of the club would make Hibs more attractive to any buyer.

If anything it would have the opposite effect - cash in the bank earns interest and the debt was interest free, therefore better to keep the money in the bank.

[GloryGlory]

As I understand it, the only long term debt was the mortgage to the holding company. Are you inferring Sir Tom and Rod arranged themselves a pay off?

The LT debt would be an asset in the HC books - which would affect the price that any purchaser is prepared to pay to acquire the shares of the HC (in effect, buy out STF's and RP's interest).

[BSEJVT]

As I understand it, the only long term debt was the mortgage to the holding company. Are you inferring Sir Tom and Rod arranged themselves a pay off?

No I don’t think he is and it’s preposterous to suggest this.

There is no way they could it’s not their plaything or within their gift to do so

Neither were taking remuneration from the business

All they could do would be to pay themselves a dividend and the rest of the shareholders would need to have been paid similar or agreed to waive it

Worst case scenario painted is that loan repayment was accelerated from excess income, I doubt very much it was

Like you selling your car they were entitled to sell their shares and unless he waived it have STF’s loan repaid on exit

If RG punted money into to do so, do be it

[CapitalGreen]

The LT debt would be an asset in the HC books - which would affect the price that any purchaser is prepared to pay to acquire the shares of the HC (in effect, buy out STF's and RP's interest).

However, using the the clubs cash to pay off this debt would reduce the assets of Hibernian Football Club and therefore the value of HFC Holdings share in the club.

[Caversham Green]

Folk are really over thinking this

STF was owed £3m ish by the club

That loan no longer exists

According to RP at the presentation

RG owns just in excess of 2/3rds of shares

With remainder owned by nominees HSL and fans

RG has injected working capital into club

Nothing else matters

I would though say that it’s likely based on earlier percentages stated on this thread that he purchased some of the shares that had previously been being purchased monthly by HSL to have changed percentages as reported and that is where his capital injection went

My guess is that he paid over the odds for STF and RP’s shareholding in exchange for STF writing off debt

Folk have always struggled with the concept that the issuing of new shares decreases the percentage of shares owned by existing hilders

The percentages I've posted are: Holding Company 59.97%; HSL 18.82%; Others 21.21%. That includes issues in May and June and the HSL proportion ties in with their website according to another post on that thread. I think the only scope for Ron (should we start calling him Mr Gordon like the yams did with Vlad?) to have a higher proportion is for him to have been hiding behind the nominee shareholdings. I find that highly unlikely for a number of reasons.

[matty_f]

I’m maybe guilty of under-thinking things but to me the transaction seems fairly straightforward.

Ron paid enough to buy the shares owned by HFC Holdings (STF and Petrie) and became the majority shareholder in doing so (via his own holding company).

Ron also paid enough to clear the outstanding mortgage debt that the club owed to STF.

Additionally, he’s given an undisclosed seven figure cash injection to the club (not a loan or a mortgage).

HFC Holdings transferred the ticket office and the remaining land at HTC over to the football club (not the holding company).

So Hibs now own all the physical assets and land, mortgage free. Bydand own the majority shareholding in Hibs, with HSL and private shareholders owning around 40%

Ron Gordon has not bought other private shares, and HSL’s shareholding remains unaffected.

I think that’s right.

[BSEJVT]

The percentages I've posted are: Holding Company 59.97%; HSL 18.82%; Others 21.21%. That includes issues in May and June and the HSL proportion ties in with their website according to another post on that thread. I think the only scope for Ron (should we start calling him Mr Gordon like the yams did with Vlad?) to have a higher proportion is for him to have been hiding behind the nominee shareholdings. I find that highly unlikely for a number of reasons.

Or buying newly issued shares which turns down everyone else’s shareholding percentage as happens when HSL buy there’s?

IMO there is no chance RP would have got that wrong at press conference

[Caversham Green]

The LT debt would be an asset in the HC books - which would affect the price that any purchaser is prepared to pay to acquire the shares of the HC (in effect, buy out STF's and RP's interest).

Bydand bought the Holding Company's shares in the club, not STF and RP's shres in the Holding Company.

[Caversham Green]

Or buying newly issued shares which turns down everyone else’s shareholding percentage as happens when HSL buy there’s?

IMO there is no chance RP would have got that wrong at press conference

If that's happened it hasn't been registered at Companies House yet. Also I think the other shareholders would have to have been informed if that was the case.

[Caversham Green]

I’m maybe guilty of under-thinking things but to me the transaction seems fairly straightforward.

Ron paid enough to buy the shares owned by HFC Holdings (STF and Petrie) and became the majority shareholder in doing so (via his own holding company).

Ron also paid enough to clear the outstanding mortgage debt that the club owed to STF.

Additionally, he’s given an undisclosed seven figure cash injection to the club (not a loan or a mortgage).

HFC Holdings transferred the ticket office and the remaining land at HTC over to the football club (not the holding company).

So Hibs now own all the physical assets and land, mortgage free. Bydand own the majority shareholding in Hibs, with HSL and private shareholders owning around 40%

Ron Gordon has not bought other private shares, and HSL’s shareholding remains unaffected.

I think that’s right.

I think that's right too.

[BSEJVT]

If that's happened it hasn't been registered at Companies House yet. Also I think the other shareholders would have to have been informed if that was the case.

They arent informed when HSL buy shares are they?

[One Day Soon]

I met him in a pub once and he did not think Labour was at all responsible for the financial crisis despite having completely deregulated financial institutions and products and over seen rock bottom interest rates to prevent a recession so they would get relected.


Wow. So that Labour government was secretly in charge of global - and in particular US - financial regulation too?

Even a stopped clock is right twice a day and in this instance the small man had a point.

[Caversham Green]

They arent informed when HSL buy shares are they?

That's because it's an ongoing routine, and publicised openly.

[BSEJVT]

That's because it's an ongoing routine, and publicised openly.

Fair enough

I would have thought though that if you are correct on current percentage ownerships that RP misinforming public over revised ownership figures which he stated was a regulatory sanction matter and for that reason just don’t see it

Not a big deal either way and time will tell

[Ozyhibby]

Wow. So that Labour government was secretly in charge of global - and in particular US - financial regulation too?

Even a stopped clock is right twice a day and in this instance the small man had a point.

Our poor regulation of our banks left us heavily exposed. Australia had no problems at all because they regulate their banks properly. That is the fault of the Government at that time which was Labour. There will always be recessions, but it was worse than it should have been because of poor oversight by Gordon Brown, first as chancellor and then as PM.

[Seveno]

I do not really think that STF was looking to make money by selling his shares. If HSL had been more successful then his shares would have gradually been transferred there with the proceeds going to the Club. At most, I think that Gordon would have paid off the debt, bought the ticket office and land for the Club, injected cash for this year and possibly an agreement to inject more in the future.

STF can afford to be generous but i think, more than anything, he wanted to secure the future of the Club. Clearly, Rod has spent a lot of time checking Gordon out and making sure that he was the right custodian for the Club. This was the overriding priority for STF.

[One Day Soon]

I think that's right too.


It's right and it's good. Very, very good in fact.

The only way we could have got a better deal would have been if we'd:



overspent a fortune on building one defective stand
managed to redevelop our ground so that it was both smaller than our wee rival and not compliant for european football
had to rent our training facilities rather than own them ensuring that no matter how much we pi55 away in paying (or failing to pay) rent we'll never own the asset
seen vast amounts of fan subscriptions intended to secure fan ownership diverted instead into other capital projects
been taken for a ride by a corrupt post-communist kleptocrat dragging our name through the mud, ripping off pensions funds and charities along the way and showing us up as cap-doffing, credulous fools
secured a medal-less club icon as manager with a football style straight out of the thud and blunder school, firmly lodged somewhere in the 1950s


All that's missing is a hugely over inflated 'Famous' sense of self that no one else in Scottish football recognises, understands or takes seriously. Oh wait...

[jacomo]

It's right and it's good. Very, very good in fact.

The only way we could have got a better deal would have been if we'd:



overspent a fortune on building one defective stand
managed to redevelop our ground so that it was both smaller than our wee rival and not compliant for european football
had to rent our training facilities rather than own them ensuring that no matter how much we pi55 away in paying (or failing to pay) rent we'll never own the asset
seen vast amounts of fan subscriptions intended to secure fan ownership diverted instead into other capital projects
been taken for a ride by a corrupt post-communist kleptocrat dragging our name through the mud, ripping off pensions funds and charities along the way and showing us up as cap-doffing, credulous fools
secured a medal-less club icon as manager with a football style straight out of the thud and blunder school, firmly lodged somewhere in the 1950s


All that's missing is a hugely over inflated 'Famous' sense of self that no one else in Scottish football recognises, understands or takes seriously. Oh wait...


Forever in their shadow, bitter jealous Hobo.

Oh how I dream of a Plaza Piazza to park my caravan on and applaud failure.

[Onion]

I do not really think that STF was looking to make money by selling his shares. If HSL had been more successful then his shares would have gradually been transferred there with the proceeds going to the Club. At most, I think that Gordon would have paid off the debt, bought the ticket office and land for the Club, injected cash for this year and possibly an agreement to inject more in the future.

STF can afford to be generous but i think, more than anything, he wanted to secure the future of the Club. Clearly, Rod has spent a lot of time checking Gordon out and making sure that he was the right custodian for the Club. This was the overriding priority for STF.

Finding the right buyer was key for STF for no other reason that he would not want to have to bail us out again if it all went tits up.

[FilipinoHibs]

Wow. So that Labour government was secretly in charge of global - and in particular US - financial regulation too?

Even a stopped clock is right twice a day and in this instance the small man had a point.

So why did the UK suffer a deeper recession than any other G7 country and take longer to recover. Because Labour created the conditions for a credit bubble with irresponsible lending and banking. why us there no RBS, Bank if Scotland and Northern Rock in France or Germany. Why was there no irresponsible lending to consumers in these countries? Why were people loved to remortgage to pay off credit cards and then rack up more debt in UK. Why the deepest recession break out on the UK first. All down to New Labour. They created self governance for the city.

[Glory Lurker]

I’m not an admin, but could we keep this on topic please?

[ScottB]

There doesn't appear to be anything untoward in Ron's background, so I'm happy to take him at face value; an older, successful businessman who is looking to enjoy life and live out his dreams, one of which would appear to be owning a football club. Sure, he has no obvious links to us, so that would suggest that at some point, Hibs, likely Leeann, did a very good job of selling him on why Hibs were the club for him.

So what now?

He doesn't seem like the sort who is going to start throwing the cash around, nor should he be expected to. Him directly referencing the training ground and the academy support that, if Hibs are to challenge for the league eventually, it'll be through developing players capable of doing so. I'd suspect any extra spending he might sanction could be towards recruiting desirable young players, then keeping them at the club that bit longer to get the maximum success out of them. Sort of a Scottish version of the Porto model; round up lots of young talent, develop it, do well, sell on for big bucks.

This coupled with McGinn, particularly if he does end up moving to a huge club for big money, gives us a great vision to sell to kids and their families; come play for Hibs, the best facilities in Scotland, do well for us and the sky's the limit etc etc.


I guess I'm not expecting anything to noticeably change in the short term, maybe we'll sign one or two extra players this summer that we wouldn't have, hell, maybe the money spent on, say, Doidge, already came from the takeover? My expectation / hope is that we become a solid, consistent side over the next few years, like say Aberdeen have been in recent times, a stick on for third at the least, reaching the latter stages of the Cups, winning the odd one or two, but then something much more exciting 5-10 years down the line when the investment into the youth system starts to bare fruit...

[FilipinoHibs]

I’m not an admin, but could we keep this on topic please?
We are trying to back up how discredited Pia is. He would not recognise the truth if it hit him in the face.

[Captain Trips]

Rod Petrie made a few bad errors on footballing matters however selling the club and discussing costs and all that goes with it is right in his and STF wheelhouse. Rod Petrie will not be far away with his new job so I believe everything has been done to the highest standards possible. The last thing RP needs is it going wrong while he is at SFA right in his face.

I think we are on a great new path.

[Groathillgrump]

I’m maybe guilty of under-thinking things but to me the transaction seems fairly straightforward.

Ron paid enough to buy the shares owned by HFC Holdings (STF and Petrie) and became the majority shareholder in doing so (via his own holding company).

Ron also paid enough to clear the outstanding mortgage debt that the club owed to STF.

Additionally, he’s given an undisclosed seven figure cash injection to the club (not a loan or a mortgage).

HFC Holdings transferred the ticket office and the remaining land at HTC over to the football club (not the holding company).

So Hibs now own all the physical assets and land, mortgage free. Bydand own the majority shareholding in Hibs, with HSL and private shareholders owning around 40%

Ron Gordon has not bought other private shares, and HSL’s shareholding remains unaffected.

I think that’s right.


That's exactly as I see it, Matty.

Maybe if the club issued a short statement explaining those points in simple terms perhaps the conspiracy theorists amongst our support (and **** stirrers like David Low) might finally grasp what actually happened on Tuesday.

That's maybe too much to hope for because as someone famously said, the hardest thing to open is a closed mind.

[One Day Soon]

Our poor regulation of our banks left us heavily exposed. Australia had no problems at all because they regulate their banks properly. That is the fault of the Government at that time which was Labour. There will always be recessions, but it was worse than it should have been because of poor oversight by Gordon Brown, first as chancellor and then as PM.

No, our debt was what left us heavily exposed. Australian bank regulation wasn't their lifebelt, being debt-free with surplus budgets was. And having China as a main export market together with a growing population with housing supply not meeting demand. They didn't have 'no problems at all', but they recovered quicker and better.

This was a US virus that much of the rest of the world caught. Blaming Brown is ridiculous.

[One Day Soon]

I’m not an admin, but could we keep this on topic please?

Fair enough.

[Baldy Foghorn]

The percentages I've posted are: Holding Company 59.97%; HSL 18.82%; Others 21.21%. That includes issues in May and June and the HSL proportion ties in with their website according to another post on that thread. I think the only scope for Ron (should we start calling him Mr Gordon like the yams did with Vlad?) to have a higher proportion is for him to have been hiding behind the nominee shareholdings. I find that highly unlikely for a number of reasons.

I couldn't understand Rod saying that Ron acquired 66%.

[FilipinoHibs]

No, our debt was what left us heavily exposed. Australian bank regulation wasn't their lifebelt, being debt-free with surplus budgets was. And having China as a main export market together with a growing population with housing supply not meeting demand. They didn't have 'no problems at all', but they recovered quicker and better.

This was a US virus that much of the rest of the world caught. Blaming Brown is ridiculous.

Complete blinkers on and no knowledge of what new Labour constructed.

[Caversham Green]

I couldn't understand Rod saying that Ron acquired 66%.

I've just had another look at the press conference and he does indeed say "just over two-thirds". He ties it in with acquiring HFC's shares and the seven figure investment quote. That might suggest that BSEJVT is right about him buying new shares (in which case, I'm really sorry for doubting you B) and that's how he got the investment into the club. If so, the shares haven't been registered at Companies house as of 10 minutes ago.

As I said above though, I would have expected the other shareholders to be informed of this exceptional dilution of their shares - it used to be a legal requirement, but I'm not sure if that's still the case.

[matty_f]

That's exactly as I see it, Matty.

Maybe if the club issued a short statement explaining those points in simple terms perhaps the conspiracy theorists amongst our support (and **** stirrers like David Low) might finally grasp what actually happened on Tuesday.

That's maybe too much to hope for because as someone famously said, the hardest thing to open is a closed mind.

They pretty much did, in the original press release.

[FilipinoHibs]

I've just had another look at the press conference and he does indeed say "just over two-thirds". He ties it in with acquiring HFC's shares and the seven figure investment quote. That might suggest that BSEJVT is right about him buying new shares (in which case, I'm really sorry for doubting you B) and that's how he got the investment into the club. If so, the shares haven't been registered at Companies house as of 10 minutes ago.

As I said above though, I would have expected the other shareholders to be informed of this exceptional dilution of their shares - it used to be a legal requirement, but I'm not sure if that's still the case.

For a public company. Put more good manners for a private one.

[Caversham Green]

For a public company. Put more good manners for a private one.

It was required for private companies too when I was in practice - in fact private companies required the formal approval of all shareholders before they could issue shares to a new member.

[neil7908]

I’m maybe guilty of under-thinking things but to me the transaction seems fairly straightforward.

Ron paid enough to buy the shares owned by HFC Holdings (STF and Petrie) and became the majority shareholder in doing so (via his own holding company).

Ron also paid enough to clear the outstanding mortgage debt that the club owed to STF.

Additionally, he’s given an undisclosed seven figure cash injection to the club (not a loan or a mortgage).

HFC Holdings transferred the ticket office and the remaining land at HTC over to the football club (not the holding company).

So Hibs now own all the physical assets and land, mortgage free. Bydand own the majority shareholding in Hibs, with HSL and private shareholders owning around 40%

Ron Gordon has not bought other private shares, and HSL’s shareholding remains unaffected.

I think that’s right.

I must admit I've had a hard time following some of this but this post was a concise and very helpful summary.

[jgl07]

So why did the UK suffer a deeper recession than any other G7 country and take longer to recover. Because Labour created the conditions for a credit bubble with irresponsible lending and banking. why us there no RBS, Bank if Scotland and Northern Rock in France or Germany. Why was there no irresponsible lending to consumers in these countries? Why were people loved to remortgage to pay off credit cards and then rack up more debt in UK. Why the deepest recession break out on the UK first. All down to New Labour. They created self governance for the city.

Come off it. You are talking bollox. Keep this thread on track please.

[FilipinoHibs]

Come off it. You are talking bollox. Keep this thread on track please.

As Socrates said when the argument is lost the loser's tool is insults. In the spirit of Wimbledon: game set and match.

[Peevemor]

As Socrates said when the argument is lost the loser's tool is insults. In the spirit of Wimbledon: game set and match.

Great footballer too. He'd struggle nowadays though as he'd have to leave the stadium for his half time fag.

[FilipinoHibs]

Great footballer too. He'd struggle nowadays though as he'd have to leave the stadium for his half time fag.

He was a qualified doctor who stood up against the dictatorship and saw through woolly social democracy.

[BSEJVT]

I've just had another look at the press conference and he does indeed say "just over two-thirds". He ties it in with acquiring HFC's shares and the seven figure investment quote. That might suggest that BSEJVT is right about him buying new shares (in which case, I'm really sorry for doubting you B) and that's how he got the investment into the club. If so, the shares haven't been registered at Companies house as of 10 minutes ago.

As I said above though, I would have expected the other shareholders to be informed of this exceptional dilution of their shares - it used to be a legal requirement, but I'm not sure if that's still the case.

Alternatively, I may also be miles wrong, not a problem but your apology, if indeed one was/is ever needed is very kind

[RyeSloan]

It was required for private companies too when I was in practice - in fact private companies required the formal approval of all shareholders before they could issue shares to a new member.

I know in public companies there is standard articles of association that will allow the allotment of new shares up to a certain percentage without the need of a GM. Frequently it’s around the 15% mark.

I had always assumed Hibernian FC had the same in place to allow the regular issue of shares to HSL.

If so could it not be that this facility has been used to issue additional shares to Ron and thus facilitate his capital injection?

[Sergio sledge]

I've just had another look at the press conference and he does indeed say "just over two-thirds". He ties it in with acquiring HFC's shares and the seven figure investment quote. That might suggest that BSEJVT is right about him buying new shares (in which case, I'm really sorry for doubting you B) and that's how he got the investment into the club. If so, the shares haven't been registered at Companies house as of 10 minutes ago.

As I said above though, I would have expected the other shareholders to be informed of this exceptional dilution of their shares - it used to be a legal requirement, but I'm not sure if that's still the case.

Could this be a way of getting round FFP rules? (or are we so far away from being at the level of FFP that it doesn't matter?) I remember Sevco had to convert directors loans to equity to get around the rules and they had some issues getting enough shareholders to agree to that.

As we already had a process in place to issue new shares then there is no need for the investment to be as a loan which is then converted to shares, they can just skip the loan step?

If Hibs created 25,000,000 new shares at £0.04 each the same as what HSL were paying then that would lead to £1,000,000 into the club and, according to the last filing I can see, mean that the amount of shares in Hibs that the holding company transferred over to Bydand and the new shares would equal 67.8% of the total shares, which would tally with what RP said at the press conference.

If this has taken place it probably means that HSL will not continue in its present form as a vehicle to buy shares. If the 25,000,000 shares just issued to Bydand (if this is what has happened) had gone to HSL then HSL and other shareholders would now own just over 51% of the club, which was the stated aim. Do you know if there was a maximum limit on the number of new shares to be created when Hibs announced the scheme initially?

It probably would have been nice for shareholders to have been told about this (if it did happen this way), but I appreciate that there was probably a need to keep everything very quiet.

Edit: I'll just answer my own question, it looks like the additional shares to be created by the club were 62,500,000. As of the last filing, 39,850,000 new shares had been issued, leaving 22,650,000 to be issued. If they were issued to Bydand, then £0.05 per share would have resulted in £1.1m cash to the club and taken Bydand to a 67.2% shareholding.

[1875STEVE]

I’m maybe guilty of under-thinking things but to me the transaction seems fairly straightforward.

Ron paid enough to buy the shares owned by HFC Holdings (STF and Petrie) and became the majority shareholder in doing so (via his own holding company).

Ron also paid enough to clear the outstanding mortgage debt that the club owed to STF.

Additionally, he’s given an undisclosed seven figure cash injection to the club (not a loan or a mortgage).

HFC Holdings transferred the ticket office and the remaining land at HTC over to the football club (not the holding company).

So Hibs now own all the physical assets and land, mortgage free. Bydand own the majority shareholding in Hibs, with HSL and private shareholders owning around 40%

Ron Gordon has not bought other private shares, and HSL’s shareholding remains unaffected.

I think that’s right.

Bang on 100%

[WhileTheChief..]

He used our season ticket cash to buy the club cause he’s no got any of his own.

[Caversham Green]

Could this be a way of getting round FFP rules? (or are we so far away from being at the level of FFP that it doesn't matter?) I remember Sevco had to convert directors loans to equity to get around the rules and they had some issues getting enough shareholders to agree to that. I don't think there's any FFP rules in place in Scotland and I doubt if the European rules would be a problem for Hibs.

As we already had a process in place to issue new shares then there is no need for the investment to be as a loan which is then converted to shares, they can just skip the loan step? Yes, they could just issue the shares direct rather than go through a loan conversion.

If Hibs created 25,000,000 new shares at £0.04 each the same as what HSL were paying then that would lead to £1,000,000 into the club and, according to the last filing I can see, mean that the amount of shares in Hibs that the holding company transferred over to Bydand and the new shares would equal 67.8% of the total shares, which would tally with what RP said at the press conference.

If this has taken place it probably means that HSL will not continue in its present form as a vehicle to buy shares. If the 25,000,000 shares just issued to Bydand (if this is what has happened) had gone to HSL then HSL and other shareholders would now own just over 51% of the club, which was the stated aim. Do you know if there was a maximum limit on the number of new shares to be created when Hibs announced the scheme initially? It doesn't necessarily mean HSL is no longer a share-buying tool, but it does move the goalposts a bit. It now depends what the new owner intends to do. There's no longer an authorised capital limit so the 51% target could still be on.

It probably would have been nice for shareholders to have been told about this (if it did happen this way), but I appreciate that there was probably a need to keep everything very quiet. Yes, confidentiality was obviously important but I'm still a bit uncomfortable about HSL and other shareholders being kept completely in the dark.

Edit: I'll just answer my own question, it looks like the additional shares to be created by the club were 62,500,000. As of the last filing, 39,850,000 new shares had been issued, leaving 22,650,000 to be issued. If they were issued to Bydand, then £0.05 per share would have resulted in £1.1m cash to the club and taken Bydand to a 67.2% shareholding.

Comments in bold. One thing I will say is that the share issue is much more preferable than the money coming in by way of a loan and I assume the people tweeting comments about the loan will have the good grace to retract and apologise when the full facts are known for sure.

I'm going to avoid commenting in any depth now until some of the details emerge for certain.

[04Sauzee]

I know it can't be done and won't get done but here's one for the corner filler inners

[Jones28]

I know it can't be done and won't get done but here's one for the corner filler inners

Oh boy that's cool

[hfc rd]

Oh boy that's cool

Agree, it definitely looks very smart.

However, might be wrong but did Ron not say he is happy at how the stadium currently looks right now? Again, please don’t shoot the messenger as I might be wrong.

[ScottB]

I always thought the road layout would prevent us filling them all in, and why the stands of their current ‘cut off’ shape in the first place?

[greenginger]

https://johnjamessite.com/

Don't know if its on any other thread, but here's JJ's take on our recent business.

[HFC93]

https://johnjamessite.com/

Don't know if its on any other thread, but here's JJ's take on our recent business.

Is John James the guy who every few months or so predicts that Rangers will go bust again? Which never happens.

[Stuart93]

Is John James the guy who routinely predicts every few months or so that Rangers will go bust again? Which never happens.

Aye the Celtic fan who would absolutely provide an independent opinion on the matter....

[RyeSloan]

https://johnjamessite.com/

Don't know if its on any other thread, but here's JJ's take on our recent business.

Jeez that guy sounds bitter.

He’s also pretty inaccurate.

“The cash injection is evidently in the form of a loan”

Well really? Where is the evidence? A floating charge is no evidence of a loan what so ever.

As for the Negative Pledge...pretty common / standard practice.

He’s also assumed that STF sold his shares at the same price HSL is paying. Again there is zero evidence to confirm that is the case.

I could go on if I could be bothered but there really does seem to be a determination from some already to write a whole crock o crap about this deal to put it in as negative a light as possible. Quite why they wish to peruse that agenda without any tangible evidence to support their declarations I have no idea.

[Barney McGrew]

https://johnjamessite.com/

Don't know if its on any other thread, but here's JJ's take on our recent business.The fact that more than half the article is spent having a dig at Keith Jackson and Rangers tells you all you need to know about his 'journalism'

[Rumble de Thump]

Hibs are debt free i.e. there are no loans to pay off. I'm not sure why Hearts (or Celtic) fans are so upset that the club is debt free and have resorted to making up nonsense. We were going to be debt free in 6 years anyway thanks to being well run and self sufficient. It's just happened a bit earlier.

[Since452]

https://johnjamessite.com/

Don't know if its on any other thread, but here's JJ's take on our recent business.

Who's this melt?

[hibbyfraelibby]

Only going by what I was told.

You've been told a porky.

[hibbyfraelibby]

Where is CWG? He should be all over this like a rash :greengrin

He is...but he wants you to call him Ron now.

[hibeerealist]

Who's this melt?

A slaver who, week after week, informs his flock that the Sevco mob are going down again - bust!

I get the fact that DK is worth the watching and I would think twice about trusting him, however, JJ would have everyone believe the guy is a fraud. Well he is still at Ibrox, TRFC continue to sign players etc and I have not heard of any players going unpaid!

His negative take and his “assumptions” on the HFC deal with RG simply endorse he knows F all about us and our deal. Baw bag.

[Arch Stanton]

Comments in bold. One thing I will say is that the share issue is much more preferable than the money coming in by way of a loan and I assume the people tweeting comments about the loan will have the good grace to retract and apologise when the full facts are known for sure.

I'm going to avoid commenting in any depth now until some of the details emerge for certain.

Makes sense, but I'm surprised that full details haven't been published TBH - they must have been worked out and they can hardly be secret.

Is the 51% fan ownership still a goer? This would have diluted STF's shareholding value so what affect will it have on RG's?

And do my HSL contributions still go to purchasing shares from the share issue that caused HSL to be set up?

[Chorley Hibee]

I hope there is some further clarity provided regards this deal, especially in relation to the floating charge and the possibility that new shares have been issued.

[1van Sprou7e]

I know it can't be done and won't get done but here's one for the corner filler inners

Ahaha nice work, very strange to actually visualise it

[Baldy Foghorn]

Could this be a way of getting round FFP rules? (or are we so far away from being at the level of FFP that it doesn't matter?) I remember Sevco had to convert directors loans to equity to get around the rules and they had some issues getting enough shareholders to agree to that.

As we already had a process in place to issue new shares then there is no need for the investment to be as a loan which is then converted to shares, they can just skip the loan step?

If Hibs created 25,000,000 new shares at £0.04 each the same as what HSL were paying then that would lead to £1,000,000 into the club and, according to the last filing I can see, mean that the amount of shares in Hibs that the holding company transferred over to Bydand and the new shares would equal 67.8% of the total shares, which would tally with what RP said at the press conference.

If this has taken place it probably means that HSL will not continue in its present form as a vehicle to buy shares. If the 25,000,000 shares just issued to Bydand (if this is what has happened) had gone to HSL then HSL and other shareholders would now own just over 51% of the club, which was the stated aim. Do you know if there was a maximum limit on the number of new shares to be created when Hibs announced the scheme initially?

It probably would have been nice for shareholders to have been told about this (if it did happen this way), but I appreciate that there was probably a need to keep everything very quiet.

Edit: I'll just answer my own question, it looks like the additional shares to be created by the club were 62,500,000. As of the last filing, 39,850,000 new shares had been issued, leaving 22,650,000 to be issued. If they were issued to Bydand, then £0.05 per share would have resulted in £1.1m cash to the club and taken Bydand to a 67.2% shareholding.

Well explained post SS....

[CockneyRebel]

https://johnjamessite.com/

Don't know if its on any other thread, but here's JJ's take on our recent business.

That article is the biggest load of biased and unsubstantiated b*ll*cks I've seen on this topic (so far). Do these people see a bogeyman under every bed?

[Caversham Green]

Jeez that guy sounds bitter.

He’s also pretty inaccurate.

“The cash injection is evidently in the form of a loan”

Well really? Where is the evidence? A floating charge is no evidence of a loan what so ever.

As for the Negative Pledge...pretty common / standard practice.

He’s also assumed that STF sold his shares at the same price HSL is paying. Again there is zero evidence to confirm that is the case.

I could go on if I could be bothered but there really does seem to be a determination from some already to write a whole crock o crap about this deal to put it in as negative a light as possible. Quite why they wish to peruse that agenda without any tangible evidence to support their declarations I have no idea.

I don't know if the stuff about Keith Jackson's correct or not but he's definitely wrong about the number of shares transferred, and almost certainly wrong about the price, which means everything else on the subject is hogwash. The man's a fraud.

[marinello59]

Who's this melt?

He’s the guy a lot of people use to beat the MSM up with. I have no idea why.

[Caversham Green]

Makes sense, but I'm surprised that full details haven't been published TBH - they must have been worked out and they can hardly be secret.

Is the 51% fan ownership still a goer? This would have diluted STF's shareholding value so what affect will it have on RG's?

And do my HSL contributions still go to purchasing shares from the share issue that caused HSL to be set up?

Your questions are pretty much the reason I'm hanging back - I just don't know the answers and I'm reluctant to speculate. I hope HSL's position will be cleared in the next few days, and I hope the share purchase element continues, but right now everything is just guesswork.

[Onceinawhile]

https://johnjamessite.com/

Don't know if its on any other thread, but here's JJ's take on our recent business.

Fairly sure as someone who owns more than 5% of the club and is a director, that rod's cgt would only be 20k rather than the 40k jj says.

[mutley]

I know it can't be done and won't get done but here's one for the corner filler inners

That would be absolutely fabulous.

I can’t see it happening, but nothing is impossible


Sent from my iPhone using Tapatalk Pro

[jakedance]

I always thought the road layout would prevent us filling them all in, and why the stands of their current ‘cut off’ shape in the first place?

If you take a look at the Google Maps satellite view you can see how constrained the site boundaries are.

[Jones28]

https://johnjamessite.com/

Don't know if its on any other thread, but here's JJ's take on our recent business.

Who is this guy, and what is this verbal vomit and assumption soup he served up?

[Jones28]

He’s the guy a lot of people use to beat the MSM up with. I have no idea why.

It reads like a UKIP blog 😂

[IWasThere2016]

Who is this guy, and what is this verbal vomit and assumption soup he served up?

Proper welt..

[J-C]

https://johnjamessite.com/

Don't know if its on any other thread, but here's JJ's take on our recent business.


So who the **** is John James?

[Mantis Toboggan]

So who the **** is John James?

A delusional homophobe masquerading as the voice of truth

[1875STEVE]

A wee quote from Sir Tom about the whole thing that i've just come across that has me totally at ease.

https://www.edinburghnews.scotsman.com/sport/football/hibs/latest-hibs-news/you-ll-see-strength-of-club-sir-tom-farmer-says-club-accounts-will-vindicate-job-done-by-rod-petrie-1-4958136


“Everything that has happened over the past 28 years, we’ve put back into the club. The facilities here are the envy of many people, training facilities that are second to none, no debt and no financial concerns.

“And that will become apparent because today is the end of the financial year and, when the accounts come out in six months time, you’ll see the strength of the club.”

[Radium]

If you take a look at the Google Maps satellite view you can see how constrained the site boundaries are.

https://uploads.tapatalk-cdn.com/20190704/d50055c75198272599ec057b20cf239b.jpg

Only the northeast is completely unrestricted



Sent from my iPhone using Tapatalk

[FilipinoHibs]

Your questions are pretty much the reason I'm hanging back - I just don't know the answers and I'm reluctant to speculate. I hope HSL's position will be cleared in the next few days, and I hope the share purchase element continues, but right now everything is just guesswork.

This is a new regime and think the 51% target is gone. Ron wants control of the club to set business strategy and have his people in. Sure he will welcome fan ownership all be it a minority. This is a new game. You dont the money Ron has put in without majority control.

[One Day Soon]

I know it can't be done and won't get done but here's one for the corner filler inners

Orgasmic.

[Ozyhibby]

https://uploads.tapatalk-cdn.com/20190704/d50055c75198272599ec057b20cf239b.jpg

Only the northeast is completely unrestricted



Sent from my iPhone using Tapatalk

The South West is probably the safest to do first because if crowds drop off again we can at least sell it out to the old firm/Hearts.


Sent from my iPhone using Tapatalk

[H18 SFR]

Is it genuinely realistic to expect any of the corners to be filled in? Would the extra ticket sales be worth it when compared to the outgoings to get it built?

[bingo70]

Is it genuinely realistic to expect any of the corners to be filled in? Would the extra ticket sales be worth it when compared to the outgoings to get it built?

I think the corner of the East and famous five will be filled but not with seats, it’ll be a building of some sorts that will enclose the stadium but not sure there’s any need for extra seats. When we need additional seats we reduce the away allocation.

[HibbySpurs]

The NW corner Is almost impossible as the structure would need to be cantilevered over the road and would bring it very close to the flats on the other side.

[ancient hibee]

I see from google earth that the Russian visa application centre is very close.Does Ron know this,or could this be the whole point.

[Hermit Crab]

The South West is probably the safest to do first because if crowds drop off again we can at least sell it out to the old firm/Hearts.


Sent from my iPhone using Tapatalk


Should leave the South Stand independent from the rest of the ground. We'd lose half the seats in the filled in corners through segregation when we play Hearts or a big home cup tie anyway.

[Hermit Crab]

I'd definitely be looking at a safe standing corner at he FF end or just convert the lower FF to safe standing.

[yonder1875]

The corners looks pretty cool but never quite understood the appetite for them to be filled. The stadium is only ever really full against Hearts or if there’s a really important game with something on the line i.e championship trophy day.

Reckon it wouldn’t be a great look to have 10,000 empty seats each week and I think ER looks fantastic as it is right now.

[Pretty Boy]

I would like to see something done to 'enclose' the stadium if possible. The big gaps in the corners just make it feel a bit open and less intimidating than it could be.

I don't think we need seats in the corners as it stands and it's only possible in 2 corners anyway. Once we are CL regulars then we can consider it

[RyeSloan]

I think the corner of the East and famous five will be filled but not with seats, it’ll be a building of some sorts that will enclose the stadium but not sure there’s any need for extra seats. When we need additional seats we reduce the away allocation.

Your last sentence shows why additional capacity is required. Every time we do that it costs money.

We need to grow the fan base to get more people regularly in the door and we simply don’t have the spare capacity to do that easily.

When average attendance is bumping up to 90% capacity and you have ambitions to be bigger and better then it’s time to add more capacity.

It’s the same old argument we had with the East. Plenty of people suggested the ground was more than big enough and why should we bother. They were wrong then and they are wrong now about the current capacity [emoji12]

[0762]

https://uploads.tapatalk-cdn.com/20190704/d50055c75198272599ec057b20cf239b.jpg

Only the northeast is completely unrestricted

Sent from my iPhone using Tapatalk



At an east stand fans meeting, must have been 10 years ago it was said that stadium was designed that corners could be filled in if required at a later date. Two corners could be full height and two corners lower tier only (because of the roads).

[RyeSloan]

The NW corner Is almost impossible as the structure would need to be cantilevered over the road and would bring it very close to the flats on the other side.

Sadly true. The only use for that corner is a dedicated tv studio and a big screen. You would have to demolish a whole block of flats to make the space.

The south east is more easily remedied as the road there goes nowhere and there is some low rise, low value semi industrial buildings there. Would cost a few bob to buy the buildings/land and remedial work to the south to remove the link but not beyond the realms of possibility.

Neither gonna happen soon but the north east is surely the place to start and has plenty scope for a rather large structure and a full bank of seats / safe standing. Would love that to happen!

[Scott Allan Key]

So why did the UK suffer a deeper recession than any other G7 country and take longer to recover. Because Labour created the conditions for a credit bubble with irresponsible lending and banking. why us there no RBS, Bank if Scotland and Northern Rock in France or Germany. Why was there no irresponsible lending to consumers in these countries? Why were people loved to remortgage to pay off credit cards and then rack up more debt in UK. Why the deepest recession break out on the UK first. All down to New Labour. They created self governance for the city.People are responsible too for the irresponsible borrowing they undertake or accept. Go ask the Yams.

Sent from my LYA-L09 using Tapatalk

[Since452]

Filling in the corners would be the last thing I'd want Ron to spend his money on. We already have swathes of empty seats in the FF stand each game. Safe standing in the FF would be my first choice.

[King Cosell]

Wouldn't mind seeing big old-fashioned floodlights in the corners. Lights on East & West roofs are a bit ropey.

[Sean1875]

Wouldn't mind seeing big old-fashioned floodlights in the corners. Lights on East & West roofs are a bit ropey.

Don't think theres ever been a single occasion where i've thought that whilst watching a game at ER. Unless im missing a woosh moment here :dunno:

[Hibernian32]

Don't think theres ever been a single occasion where i've thought that whilst watching a game at ER. Unless im missing a woosh moment here :dunno:

Me neither you can see the glow of the lights for miles.

[Barney McGrew]

IIRC, the cost of filling in the corners would be quite substantial because building a curved style structure is far more expensive than a straight ‘normal’ stand.

You’d be taking about a decent sized seven figure sum for each corner to add maybe 1000 seats or so?

That doesn’t seem the highest priority to me right now given that you could still buy a seat for 17 out of 19 home games last season.

[Renfrew_Hibby]

NW & SE corners should house large screens with minimal seating below, maybe only enough space for around 500 seats in each of these corners.

The NE corner can be fully developed and the space would accommodate 1,500 seats.

Whether this is a single tier and a continuation of the East or a 2 tier continuation of the FF I'm not too sure what would be best here. In an ideal world the FF would mirror the East and the corner would fit in easily with both.

The NE corner is huge so I would like to see some sort of social hub or fans centre incorporated into this space. We could also have a larger shop, museum or ticket office here as well.

The SW corner is more tricky to develop as space is at a premium. We could have a stack of private boxes, linked to the west. This isn't as daft as it sounds, there are good examples of this at both Anderlecht and Aston Villa where both of these grounds have a corner with a similar configuration to our SW corner.

Access to the pitch could be from the NW corner as I would demolish the ticket office and free up that area (ticketing now located in the NE corner space). We could also incorporate a dedicated TV studio in either the SE or SW corners.

Over all capacity would be around 22,500 to 23,000 depending on where access to the pitch was located.

I realise this is only a fantasy at the moment but we should always be open to further develop our infrastructure and to be aware of the potential and the possibilities of what could be done with the footprint of our stadium.

[chippy]

My hunch is that Ron’s has a twin interest in football and media. His view is Scottish football is undervalued by implication then so are Hibs. Think he sees ways to maximise value in n short-medium term as he’s 63. Leann seems optimistic that Europa league expansion and the 3rd Euro tourney will offer big opportunities to Hibs. Is Ron looking at media rights, TV deals etc on this area?
If we are involved more regularly in European football in the 3rd tourney I think our crowds could grow rather large. If that does happen I think we might be doing more that filling in corners
Is

[chippy]

My hunch is that Ron’s has a twin interest in football and media. His view is Scottish football is undervalued by implication then so are Hibs. Think he sees ways to maximise value in n short-medium term as he’s 63. Leann seems optimistic that Europa league expansion and the 3rd Euro tourney will offer big opportunities to Hibs. Is Ron looking at media rights, TV deals etc on this area?
If we are involved more regularly in European football in the 3rd tourney I think our crowds could grow rather large. If that does happen I think we might be doing more that filling in corners
Is

[04Sauzee]

My hunch is that Ron’s has a twin interest in football and media. His view is Scottish football is undervalued by implication then so are Hibs. Think he sees ways to maximise value in n short-medium term as he’s 63. Leann seems optimistic that Europa league expansion and the 3rd Euro tourney will offer big opportunities to Hibs. Is Ron looking at media rights, TV deals etc on this area?
If we are involved more regularly in European football in the 3rd tourney I think our crowds could grow rather large. If that does happen I think we might be doing more that filling in corners
Is

Corners filled in, 3rd tier on the west stand. I'm liking the cut of your jib

[.Sean.]

https://uploads.tapatalk-cdn.com/20190704/d50055c75198272599ec057b20cf239b.jpg

Only the northeast is completely unrestricted


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Really bugs me the roofs overlapping

[HFC93]

IIRC, the cost of filling in the corners would be quite substantial because building a curved style structure is far more expensive than a straight ‘normal’ stand.

You’d be taking about a decent sized seven figure sum for each corner to add maybe 1000 seats or so?

That doesn’t seem the highest priority to me right now given that you could still buy a seat for 17 out of 19 home games last season.

Seven figure sum you say…
:hyper

[RyeSloan]

Really bugs me the roofs overlapping

Overlapping roofs?

[SRHibs]

The corners looks pretty cool but never quite understood the appetite for them to be filled. The stadium is only ever really full against Hearts or if there’s a really important game with something on the line i.e championship trophy day.

Reckon it wouldn’t be a great look to have 10,000 empty seats each week and I think ER looks fantastic as it is right now.

It looks fantastic, but it really doesn't retain sound very well. The corners should be filled with something.

[Since452]

It looks fantastic, but it really doesn't retain sound very well. The corners should be filled with something.

They are apart from the corners of the west stand

[1van Sprou7e]

They are apart from the corners of the west stand

Eh? None of the are really filled

[Inconsequential]

The NW corner Is almost impossible as the structure would need to be cantilevered over the road and would bring it very close to the flats on the other side. I totally agree. The stadium is hemmed in and surrounding land does not belong to Hibs. You can't build on the public highway and the are many other problems with the site. Both the South and the FF Stands have sections that taper off to keep the stadium within the site boundaries. Thank you HibbySpurs you seem to be the only other poster that recognises this. Fill in the corners posters say easier said than done.

[SRHibs]

They are apart from the corners of the west stand

Half-heartedly. The place would be a lot more intimidating if they were filled to almost roof level.

[Renfrew_Hibby]

Really bugs me the roofs overlapping

From the aireal shot you can see that if the north and south ends were ever to be redeveloped (25 years young this summer) you can see there's scope to make the stands wider, this would enclose the stadium and raise capacity to around 21,000 without the need to 'fill in the corners'.

Also the pitch was enlarged and moved when the East was built meaning that the FF and the South are no longer centred correctly.

[04Sauzee]

Not sure if this if any relevance or if it proves or disproves anything? Not clued up on this stuff but thought I'd share it anyway

[BSEJVT]

That's pretty much what I thought had happened earlier in this thread.

This has the effect of diluting existing shareholders (including HSL's) percentage shareholding and makes their seat on the board and 25.1% blocking share further away again.

What happens next with HSL and RG will be very telling indeed.

I am hopeful things will continue as they were but at this stage, no-one knows.

There's no point as this stage in hypothesizing what any change to the status quo means without the full details but it is something I will be keeping a very close eye on.

[matty_f]

Not sure if this if any relevance or if it proves or disproves anything? Not clued up on this stuff but thought I'd share it anyway

I think this backs up some of what SingHibs has been saying and that be shares were issued to Ron Gordon as part of the transaction.
That’s interesting, as I think the club, rather than STF, gets that cash.

[AltheHibby]

I totally agree. The stadium is hemmed in and surrounding land does not belong to Hibs. You can't build on the public highway and the are many other problems with the site. Both the South and the FF Stands have sections that taper off to keep the stadium within the site boundaries. Thank you HibbySpurs you seem to be the only other poster that recognises this. Fill in the corners posters say easier said than done.

Villa have a stand that forms a bridge over Trinity Road at the back of the ground. It's a public road.

[Keith_M]

I heard Big Ron is planning on selling the current stadium to property developers and moving Hibs to a new Stadium out of town.

Don't shoot the messenger, SingHibs told me.

[Ozyhibby]

I heard Big Ron is planning on selling the current stadium to property developers and moving Hibs to a new Stadium out of town.

Don't shoot the messenger, SingHibs told me.

Why is everyone calling him Big Ron? He looks about 5’8”?


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[BSEJVT]

Why is everyone calling him Big Ron? He looks about 5’8”?


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In the land of the blind the one eyed man is King

[Pretty Boy]

Villa have a stand that forms a bridge over Trinity Road at the back of the ground. It's a public road.

Does one of the stands at Celtic Park not have framework in/over the Eastern Necropolis? Another definitely overhangs one of the surrounding streets albeit I think it's now closed to general traffic.

[Eyrie]

Does one of the stands at Celtic Park not have framework in/over the Eastern Necropolis? Another definitely overhangs one of the surrounding streets albeit I think it's now closed to general traffic.

The one that replaced the Jungle :agree:

[AltheHibby]

Does one of the stands at Celtic Park not have framework in/over the Eastern Necropolis? Another definitely overhangs one of the surrounding streets albeit I think it's now closed to general traffic.

I haven't got a clue. And I don't know the answer either! 😁

Sorry.

[1875STEVE]

Yer man David Low suddenly changing his mind on twitter after seeing the new shares issued. .

Now saying hibs are a "powerhouse" and the 2nd team in Scotland.......

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[blackpoolhibs]

Yer man David Low suddenly changing his mind on twitter after seeing the new shares issued. .

Now saying hibs are a "powerhouse" and the 2nd team in Scotland.......

Sent from my G8341 using Tapatalk


Any way the wind blows ttssshhhhhhhhhhhhhhhhh.

[bingo70]

Yer man David Low suddenly changing his mind on twitter after seeing the new shares issued. .

Now saying hibs are a "powerhouse" and the 2nd team in Scotland.......

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Always thought he was a good guy that knows his stuff.

[FilipinoHibs]

Always thought he was a good guy that knows his stuff.

Another flat earth Hibs financial expert is crushed.

[Mikey]

Yer man David Low suddenly changing his mind on twitter after seeing the new shares issued. .

Now saying hibs are a "powerhouse" and the 2nd team in Scotland.......

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I see he hasn't chosen to copy in his pals this time. How are Pia, Slaven, et al ever going to find out?

[1875STEVE]

I see he hasn't chosen to copy in his pals this time. How are Pia, Slaven, et al ever going to find out?Exactly what I was thinking Mikey.

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[RoYO!]

Villa have a stand that forms a bridge over Trinity Road at the back of the ground. It's a public road.

Where there’s a will there’s a way.

Anyone doubters need to re-watch Field of Dreams! :D

[NAE NOOKIE]

https://uploads.tapatalk-cdn.com/20190704/d50055c75198272599ec057b20cf239b.jpg

Only the northeast is completely unrestricted



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All that's required is for the FF stand to be extended a few meters to slightly overlap with the east and for its roof to be extended further towards the goal line … chuck in a building to fill the gap. The bottom deck of the south can also be extended to slightly overlap with the east with its roof also being extended towards the goal line with the side panels extended to meet the east and west stands.

Bobs yer uncle a fully enclosed stadium, or as near as damn it to one, without spending a massive amount … the whole thing could probably be done for two or three million and it would transform what is already a decent stadium into a fantastic one.

[NAE NOOKIE]

The corners looks pretty cool but never quite understood the appetite for them to be filled. The stadium is only ever really full against Hearts or if there’s a really important game with something on the line i.e championship trophy day.

Reckon it wouldn’t be a great look to have 10,000 empty seats each week and I think ER looks fantastic as it is right now.

Compared to the rest of Scottish football excluding the Uglies Easter Road is the best of the rest for sure, though all joking aside Tynecastle has raised itself to the level of acceptable and makes 4th place until Aberdeen build their new gaff, at which time Easter Road will fall to 4th place whether we like it or not.

I read a lot of comments on here when the subject of the stadium comes around like 'its fine as it is' … 'we don't need more seats' … 'we have bigger priorities' All of that is true, but in my opinion we are a long way from fulfilling Easter Road's true potential as a stadium and if we don't have an ambition to do that then we are selling ourselves short … The ambitions of this club to be bigger and better should extend to EVERY aspect of its operations and that very much includes turning a stadium to be proud of into one we can genuinely boast about.

I think ER has the potential to be one of the best medium sized stadiums in the UK never mind the 3rd best in Scotland and if the new owner has real ambitions for this club I don't think that's something he can or should be ignoring.

[JeMeSouviens]

The one that replaced the Jungle :agree:

https://s0.geograph.org.uk/photos/49/68/496860_261c01ea.jpg

Afaik, it's still a public road under there.


Edit: the google street view car certainly drove along it ...

https://www.google.co.uk/maps/@55.8502967,-4.2049041,3a,75y,143.57h,81.19t/data=!3m7!1e1!3m5!1srZjvepsTnGUt5b8PwQ0MbQ!2e0!3e2 !7i13312!8i6656

[matty_f]

Short podcast about the takeover here:

https://open.spotify.com/show/6ncXsvDIoEjqwYOYdmBCJQ?si=BLU0ziAHQj-x-ILyELqGFw

[Spike Mandela]

Yer man David Low suddenly changing his mind on twitter after seeing the new shares issued. .

Now saying hibs are a "powerhouse" and the 2nd team in Scotland.......

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Not a compliment towards Hibs, more of a sly dig at Rangers.

[SHODAN]

Filling in the corners shouldn't be considered until we are routinely selling out ER and not just for big games.

[Since452]

Filling in the corners shouldn't be considered until we are routinely selling out ER and not just for big games.

This. Need to tackle the issue with the FF stand being half empty before we even consider it

[Pedantic_Hibee]

Short podcast about the takeover here:

https://open.spotify.com/show/6ncXsvDIoEjqwYOYdmBCJQ?si=BLU0ziAHQj-x-ILyELqGFw

Is that you speaking, Matty?

[04Sauzee]

Short podcast about the takeover here:

https://open.spotify.com/show/6ncXsvDIoEjqwYOYdmBCJQ?si=BLU0ziAHQj-x-ILyELqGFw

Not sure who longbangers is but would be fantastic if you could have enough material for a weekly podcast. Preferred that to the other Hibs podcast that does the rounds. Just my opinion the other guys do a good job

[matty_f]

Is that you speaking, Matty?

Yeah it is, apart from the seagull bit-that was Derek the seagull.

[BILLYHIBS]

Yeah it is, apart from the seagull bit-that was Derek the seagull.

Good podcast Matty

Been years since I’ve had a good game of longbangers :greengrin

Will this be available on YouTube?

Them pesky seagulls get everywhere even noticed they followed us to Carlisle.

:hibees

[matty_f]

Good podcast Matty

Been years since I’ve had a good game of longbangers :greengrin

Will this be available on YouTube?

Them pesky seagulls get everywhere even noticed they followed us to Carlisle.

:hibees
:aok:
Hadn’t thought about YouTube but I’ll put the next one on there.

[HibbySpurs]

Villa have a stand that forms a bridge over Trinity Road at the back of the ground. It's a public road.

Indeed they do and it looks quite smart. The problem is that there’s ample space behind that stand which accommodated it’s Construction. The north end of ER is completely hemmed in with flats behind the FF, flats on the corner at where the west and FF “meet” and these are the biggest problem. Do you honestly think the residents of those flats are going to want a new structure erected that could potentially come to within 2/3m of their windows?

It’s a nice idea but it’s just not practical at that particular corner, the chances of getting planning permission are extremely low in my opinion.

The corner of the FF/East is easy in comparison as it encroaches on nothing.

[JeMeSouviens]

Not that I think there's a pressing need, but couldn't we do single tier half-height corners (with scoreboard/screens above them) at the hemmed corners and full height at the open ones?

Edit - similar to the corner we get at Snake Mountain (warning link contains traces of Hun)

https://www.google.co.uk/maps/place/Ibrox+Stadium/@55.8529821,-4.3088884,460m/data=!3m1!1e3!4m5!3m4!1s0x4888467327810ea1:0xff438 46aa29e2690!8m2!3d55.853172!4d-4.3092686

[ScottB]

Realistically, if we ever had the need for expanding ER, it’d be via an additional tier on an existing stand, the corners seem out for all the reasons given, or certainly very limited in terms of adding a decent number of seats.

The original plans for the East, back when Scotland were looking at hosting the Euros, proposed a stand that had an extra tier for the tournament that could then be taken down. Wonder if such thoughts informed the stand that was eventually built, given talk of a Scottish bid was still ongoing at the time, could there be scope to add an extra tier built in? Probably not, but it seems a more achievable way of increasing capacity, should the need ever arise.

[JeMeSouviens]

Realistically, if we ever had the need for expanding ER, it’d be via an additional tier on an existing stand, the corners seem out for all the reasons given, or certainly very limited in terms of adding a decent number of seats.

The original plans for the East, back when Scotland were looking at hosting the Euros, proposed a stand that had an extra tier for the tournament that could then be taken down. Wonder if such thoughts informed the stand that was eventually built, given talk of a Scottish bid was still ongoing at the time, could there be scope to add an extra tier built in? Probably not, but it seems a more achievable way of increasing capacity, should the need ever arise.

I think the extra tier on the east is ruled out now because of the new flats that were built behind it.

[Vault Boy]

Video of a Ron singing song to the chorus of Sunshine on Leith on Hibs' twitter. Love it.

[WhileTheChief..]

Indeed they do and it looks quite smart. The problem is that there’s ample space behind that stand which accommodated it’s Construction. The north end of ER is completely hemmed in with flats behind the FF, flats on the corner at where the west and FF “meet” and these are the biggest problem. Do you honestly think the residents of those flats are going to want a new structure erected that could potentially come to within 2/3m of their windows?

It’s a nice idea but it’s just not practical at that particular corner, the chances of getting planning permission are extremely low in my opinion.

The corner of the FF/East is easy in comparison as it encroaches on nothing.

The corner of the west / FF doesn’t need seats. It just need a permanent tv box thing with the rest of joined up somehow. Big screen above the tv box maybe?

[Renfrew_Hibby]

Not that I think there's a pressing need, but couldn't we do single tier half-height corners (with scoreboard/screens above them) at the hemmed corners and full height at the open ones?

Edit - similar to the corner we get at Snake Mountain (warning link contains traces of Hun)

https://www.google.co.uk/maps/place/Ibrox+Stadium/@55.8529821,-4.3088884,460m/data=!3m1!1e3!4m5!3m4!1s0x4888467327810ea1:0xff438 46aa29e2690!8m2!3d55.853172!4d-4.3092686
This us exactly what could be done.
Seats ir no seats, these are the two corners that should house tv screens.

[Inconsequential]

Villa have a stand that forms a bridge over Trinity Road at the back of the ground. It's a public road. Yes I knew that and have seen that picture before. The adjacent flats would cause a problem though and would the council agree to any such proposal? This was why Hibs' original intention was to build a stadium at Straiton similar to MacDiarmid Stadium but larger with four perfectly rectangular stands on a site with loads of room around it.

[Phil MaGlass]

Indeed they do and it looks quite smart. The problem is that there’s ample space behind that stand which accommodated it’s Construction. The north end of ER is completely hemmed in with flats behind the FF, flats on the corner at where the west and FF “meet” and these are the biggest problem. Do you honestly think the residents of those flats are going to want a new structure erected that could potentially come to within 2/3m of their windows?

It’s a nice idea but it’s just not practical at that particular corner, the chances of getting planning permission are extremely low in my opinion.

The corner of the FF/East is easy in comparison as it encroaches on nothing.

Maybe the corners could be filled in with seating and a glass back wall like the stadium in Dublin? Wont stop the sunlight.

[Antifa Hibs]

Is this of any significance? Tweeted by that Price of Football guy


https://twitter.com/KieranMaguire/status/1161218529376579585

[Keith_M]

Is this of any significance? Tweeted by that Price of Football guy


https://twitter.com/KieranMaguire/status/1161218529376579585

Why would we want another loan?

[04Sauzee]

Ewan Murray tweeting to keep an eye on then Hibs Takeover. All that glitters ain't gold he says

https://twitter.com/mrewanmurray/status/1162129640800104454?s=19

I think he's a total tool btw

[Heisenberg]

Ewan Murray tweeting to keep an eye on then Hibs Takeover. All that glitters ain't gold he says

https://twitter.com/mrewanmurray/status/1162129640800104454?s=19

I think he's a total tool btw

He’s absolutely stirring *****. No doubt about it. He’s probably seen the security documents and decided we’re doomed. He’s deflecting away from the fact that someone has nailed Levein for being the ***** manager that he is.

[green day]

He’s absolutely stirring *****. No doubt about it. He’s probably seen the security documents and decided we’re doomed. He’s deflecting away from the fact that someone has nailed Levein for being the ***** manager that he is.

Correct, hes picked up that tweet from the Price of Football guy - the content of which was debunked on here at the time of the takeover. The guy simply retweeted the documents when they were lodged, neatly ignoring that he made a complete tit of himself when he initially "exposed" it before.

Murray is a troll when it comes to Hibs and needs to stick to golf.

[CentreLine]

This Is exactly the same arrangement that we had with STF. From time to time he would inject cash in to the club to ensure that the cash flow remained stable. That money had to be repaid and was secured against the club property.
Provided we do not start to see spending beyond our means then this arrangement is no threat whatsoever to our football club and is a perfectly normal business practice. A threat would also be if we started to see other parts of RG’s business empire being supported by loans secured against Easter Road. Nothing to suggest that would happen with RG who seems to have a very sound business ethic. So glad his name is not Romanov.

[green day]

This Is exactly the same arrangement that we had with STF. From time to time he would inject cash in to the club to ensure that the cash flow remained stable. That money had to be repaid and was secured against the club property.
Provided we do not start to see spending beyond our means then this arrangement is no threat whatsoever to our football club and is a perfectly normal business practice.

Yep.

At the time of the takeover, a couple of things happened - bringing the ticket office under the same ownership umbrella and what you describe above.

The Price of Football guy tweeted this as fact that Ron had leveraged the purchase price against Hibs assets (Like Glaser did with Man Utd), effectively spending none of his own cash.

When it was demonstrated to him that this was utter pish, he went all quiet. All of this is on twitter and the thread here.

Roll on to this week and he has now tweeted the actual documents being lodged, and the erse Murray has picked up on it.

Twitter and its "experts" can be dangerous and someone like Murray knows this - but he hates Hibs and probably cant get a ride at the shows, so its his bit of fun:aok:

[Carheenlea]

Ewan Murray tweeting to keep an eye on then Hibs Takeover. All that glitters ain't gold he says

https://twitter.com/mrewanmurray/status/1162129640800104454?s=19

I think he's a total tool btw

Follow him on Twitter and when you read his interactions with his peers in the media you get the impression they feel the same.

[Bostonhibby]

Follow him on Twitter and when you read his interactions with his peers in the media you get the impression they feel the same.He's a proper Duncan, probably who Judy Murray based the character on.

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