AGM Announcement

[Iggy Pope]

Announced as 7th April through a virtual webinar.
This years financial statements with it, bit of a cutback there for a start, no glossy brochure this year.

I’m sure the team we have on here will expand on the report, decrease in turnover, wages to turnover ratio, operating loss etc., but in short it looks like we need a good 21/22 season ticket campaign more than ever.

[Hibbyradge]

This is the first one that I can attend and there's no pies.

Petrie! :grr:

[Peevemor]

Hibernian FC today reported its financial figures for the year ended June 30th, 2020 – highlighting the ongoing impact of the global Covid 19 pandemic and the restrictions taken to tackle it.


And figures for the current year also highlight the continued financial stress being suffered by professional football clubs caused by the inability to have supporters return to stadiums.


The financial statements cover the suspended 2019-2020 playing season. The suspension had a negative impact on the Club’s financial performance, with turnover down 17% to £8.9m from £10.8m the previous year. This decrease in turnover increased the Wages to Turnover ratio to 74% compared to 59% for the previous year. However, the Club received approximately £0.5m of income from the United Kingdom’s Coronavirus Job Retention Scheme, which adjusted the wage to turnover ratio to 68%.


Although some operating costs were cut due to the early conclusion of the season, the Club still recorded an operating loss of £1.4m, and ultimately a net loss of £1.2 million in the year. While the loss during the year was significant, the Club held a cash position at 30th June 2020 of approximately £5.3m. This position marked a slight decrease from the previous year end position of £5.5m. Cash received from historical player sales and season ticket revenue brought in during the final three months of the season boosted this position.


The annual report also points out that the pandemic impact on the current season has been significant, through a combination of increased Covid-19 compliance cost and lack of revenue from game day fan attendance. This left the Club’s cash balance at £2.6m as of 31 December 2020, highlighting the importance of a successful season ticket campaign for the upcoming 21/22 season.


The 2021 Annual General Meeting of the Club will be held on Wednesday 7 April 2021 at 3:00 pm through a virtual webinar.


In his letter to shareholders, Chairman Ronald J Gordon said: “Although we would all prefer to hold the meeting at Easter Road Stadium, current restrictions to stop the spread of the Covid virus do not allow for us to welcome you back to the Club’s home yet.


“We will do our best to make sure the virtual meeting runs smoothly. We also intend to provide shareholders with an update on progress on implementing the strategic plan we outlined at the previous AGM. “


“Your Board and I would like to thank all those who supported the Club during the 19/20 season, especially in view of the challenges imposed on the Club and football in general by the Covid-19 pandemic. We are particularly grateful to our season ticket holders, the players and coaching staff, and the entire team at Hibernian FC for their tireless work behind the scenes to help the Club navigate the public health and financial challenges of the ongoing pandemic. Gratefully, the vaccine programme combined with the restrictions of recent months are bringing the pandemic under control, and the outlook for football in 2021 is starting to look brighter. We believe that in the foreseeable future we will be able to welcome you back to Easter Road. That will be a very special and wonderful day for us all.”

https://www.hibernianfc.co.uk/article/hibernian-figures-show-covid-impact

[danhibees1875]

This is the first one that I can attend and there's no pies.

Petrie! :grr:

They're the best bit too. :greengrin

Hibs have missed a trick not sending out frozen pies with the accounts. :rolleyes:

[danhibees1875]

Do we usually publish a post year end cash balance update? Don't think I've seen that before - does anyone know if they put a PY comparative next to it within the statements?

[Brightside]

Good job we built up good cash reserves. :agree:

[jacomo]

Brutal numbers.

Thankfully we’ve got good leadership in place.

[Barney McGrew]

Do we usually publish a post year end cash balance update? Don't think I've seen that before - does anyone know if they put a PY comparative next to it within the statements?

It’s not something that’s been generally disclosed, but I guess they want people to understand the position that we’re in because of Covid.

[Hibs90]

It’s not something that’s been generally disclosed, but I guess they want people to understand the position that we’re in because of Covid.

Every other club will be in a similar boat with a couple of exceptions.

Hopefully a third place finish and European football with fans returning will be a huge selling point for ST's next year.

[Lendo]

For comparison, what was Aberdeen’s Wage/Turnover ratio again? 90% roughly?

The numbers, whilst not good, are surely entirely predictable. I was expecting worse if I’m honest.

Can the Admins edit the thread name to put a U in Announcement too

[Hibs90]

For comparison, what was Aberdeen’s Wage/Turnover ratio again? 90% roughly?

The numbers, whilst not good, are surely entirely predictable. I was expecting worse if I’m honest.

Can the Admins edit the thread name to put a U in Announcement too

Aberdeen's figures below;

The annual accounts show a decrease in turnover of £1.59m from £15.928m to £14.335m with an operating loss of £2.92m compared to £1.03m the previous year. Wages rose from £9.24m to £9.77m during the period, increasing the wages‐to‐turnover ratio from 58% to 68%

Celtic - £6m loss
Huns - £15.9m operating loss

I probably don't need to go around the rest of the clubs. If I recall Hearts made a small profit due to Budge and or Anderson chucking them some extra cash to make the figures look better. I think without that they would have made a significant loss.

In other words as expected across the board. Every club is going to suffer financially especially in Scotland with no matchday revenue. Clubs in Scotland rely heavily on match day income and every teams financial results show that.

[Stuart93]

Took the £1.8m loan from the Government as well, over 20 years 0% interest so would’ve been silly not to

Probably shows the importance financially of (hopefully) finishing 3rd this season

[Up The Bracket]

Really needs to be full stadia next season, none of this pissing around with 1000 maximum and social distancing, once everyone’s been vaccinated there’s no reason for it not to be full, as we’ve seen this year with recent events, outdoor transmission is next to non-existent anyway.

I know the club have no say on this but we really need it or Hibs and many other clubs are gonna be ****ed.

[Hibs4185]

Not as bad as I expected.

New TV deal has started
European football on the horizon
Turned down £3 million for two players

Whilst a loss is a loss, given the exceptional circumstances and the positivity around the club then it’s not too bad.

This period had been the worst worst case scenario so if we can survive the truly terrible times then it shows we are set up to prosper in the good times.

GGTTH

[DarlingtonHibee]

This is the first one that I can attend and there's no pies.

Petrie! :grr:

Nae luck 😊

[Stuart93]

Not as bad as I expected.

New TV deal has started
European football on the horizon
Turned down £3 million for two players

Whilst a loss is a loss, given the exceptional circumstances and the positivity around the club then it’s not too bad.

This period had been the worst worst case scenario so if we can survive the truly terrible times then it shows we are set up to prosper in the good times.

GGTTH

These accounts are for the previous year, so 2019-2020. I’d imagine the accounts for this season will be even worse but won’t see them until this time next year.

[hibee-boys]

And that’s only the impact of around 3 months of last season, will be grim viewing this time next year, most clubs will be in the same boat. I’m guessing more overheads/expenses will have been cut in the next set of figures so hopefully help limit the losses, I wonder how the cash position looks now. Surprised we’ve not had any update around season tickets for next year as yet.

[Hibby70]

Could do with John McGinn being sold for Megabucks soon.

[SeanWilson]

Good job we built up good cash reserves. :agree:

Forgive me if him wrong but are the cash reserves not just Ron's injection after debt payment?

[nonshinyfinish]

Forgive me if him wrong but are the cash reserves not just Ron's injection after debt payment?

Given that the accounts run to 30th June, it's mostly ST money isn't it?

[Lee Marvin]

Hibs are in a relatively strong position but I cannot get my head round Abwrdeen having a turnover over 50% higher than us. No wonder they performed much better then us over the last decade

[Since452]

Actually quite surprised and relieved it isn't worse. Should hopefully make that loss back next season

[lord bunberry]

And that’s only the impact of around 3 months of last season, will be grim viewing this time next year, most clubs will be in the same boat. I’m guessing more overheads/expenses will have been cut in the next set of figures so hopefully help limit the losses, I wonder how the cash position looks now. Surprised we’ve not had any update around season tickets for next year as yet.
We’ll have ppv money included in those figures, hopefully that will have helped offset some of the losses.

[Peevemor]

Actually quite surprised and relieved it isn't worse. Should hopefully make that loss back next season

Those are the figures for last season. I'd imagine 20/21 will be a lot worse.

[danhibees1875]

Actually quite surprised and relieved it isn't worse. Should hopefully make that loss back next season

That was the loss for the period up to 30/6/2020.

[hibbysam]

Hibs are in a relatively strong position but I cannot get my head round Abwrdeen having a turnover over 50% higher than us. No wonder they performed much better then us over the last decade

100% no? £7m us £14m them.

[superfurryhibby]

Hibs are in a relatively strong position but I cannot get my head round Abwrdeen having a turnover over 50% higher than us. No wonder they performed much better then us over the last decade

They don’t. The Sheepish turnover was 14.35 million, our was 8.9 million.

Actually, arithmetic wasn’t my strong point at school.

[superfurryhibby]

The figures don’t include the prize money and tv revenues from our Scottish Cup run, which would ordinarily have been part of 2019-20 season. That must surely be worth a decent amount?

[Andy74]

Hibs are in a relatively strong position but I cannot get my head round Abwrdeen having a turnover over 50% higher than us. No wonder they performed much better then us over the last decade

I’m no accountant but turnover isn’t profit. Turnover figures can depend what goes through their books I think so if they have all catering and merchandising in house for example then all that activity creates turnover.

[hhibs]

Those are the figures for last season. I'd imagine 20/21 will be a lot worse.


Against that, if ,as most seem to believe, Hibs were insured, then that will mitigate losses in the 20/21 accounts.


As an aside John McGinn played his 100 th game for Aston Villa recently would it be too much to think that might be another trigger point for another payment ? :greengrin

[Irish_Steve]

I don’t trust these figures. I’m away over to BroraBack to find out when Ron the Con is selling the club for flats, they know everything over there

[PatHead]

[QUOTE=Irish_Steve;6506659]I don’t trust these figures. I’m away over to BroraBack to find out when Ron the Con is selling the club for flats, they know everything over there[/QUOTE

I have heard that he is building himself a luxury castle on top of the training centre. It will be so big it can be seen from the Tynecastle Castle View suite.

All on our money.

[1van Sprou7e]

Pretty good position we're in all things considered

[gbhibby]

Figures not surprising. Participation in Europe next season should turn the finances around.

[badabing67]

We’ll have ppv money included in those figures, hopefully that will have helped offset some of the losses.

We also had some commercial activity with Utilita, Avast and Eden Mill among others

[Allez Hibs]

3rd is critical for a number of reasons, European football and creating a feel good factor for renewal of season tickets.

The accounts this time next year are likely to be worse. There is a good chance Nisbet and Porteous are sold. Should the club have tried to get Marciano under a contract last summer with a view to getting a transfer fee? We need a main shirt sponsor after two years of not having one. I also wonder the value of having so many ageing players under contract. Gray and Stevenson in particular.

[Vault Boy]

That's not bad at all. We'll be one of the best positioned clubs in Scotland, as well as much of England's lower leagues I'd imagine.

[Irish_Steve]

[QUOTE=Irish_Steve;6506659]I don’t trust these figures. I’m away over to BroraBack to find out when Ron the Con is selling the club for flats, they know everything over there[/QUOTE

I have heard that he is building himself a luxury castle on top of the training centre. It will be so big it can be seen from the Tynecastle Castle View suite.

All on our money.

It will be the only castle you’ll be able to see from that suite

[badabing67]

3rd is critical for a number of reasons, European football and creating a feel good factor for renewal of season tickets.

The accounts this time next year are likely to be worse. There is a good chance Nisbet and Porteous are sold. Should the club have tried to get Marciano under a contract last summer with a view to getting a transfer fee? We need a main shirt sponsor after two years of not having one. I also wonder the value of having so many ageing players under contract. Gray and Stevenson in particular.


The club by now will have a price structure for next seasons, season tickets but does anyone have any idea how much. I really hope we are in a position to hold on to Nizzy and Porto especially if we do qualify for Europa League. I also have mixed feelings about the situation with Murray Johnson and Ethan Laidlaw. I know the club could earn a lot of money for unproven talent but could they become more valuable assets if they stay. Both are not that much younger than Josh Doig

[gbhibby]

3rd is critical for a number of reasons, European football and creating a feel good factor for renewal of season tickets.

The accounts this time next year are likely to be worse. There is a good chance Nisbet and Porteous are sold. Should the club have tried to get Marciano under a contract last summer with a view to getting a transfer fee? We need a main shirt sponsor after two years of not having one. I also wonder the value of having so many ageing players under contract. Gray and Stevenson in particular.
If Nisbet and Porteous had been sold in January for the figures quoted that would have wiped out losses this financial year. That may indicate that Ron and the board feel that the clubs finances are still sound.

[worcesterhibby]

I wonder how the cash position looks now.

This left the Club’s cash balance at £2.6m as of 31 December 2020....gives you a pretty decent idea

[Pagan Hibernia]

It just highlights to me how well the club has been run and how healthy our financial position was going into this pandemic.

[hibbydad]

It just highlights to me how well the club has been run and how healthy our financial position was going into this pandemic.
I agree with you and whilst I have not studied the accounts in detail yet my initial thought is how important the HSL contributions are and I hope the people running HSL will have a big push to maximise these contributions. In addition now may be the time for the board to launch a rights issue to raise much needed working capital for the business

[Capt Mainwaring]

Hibs are in a relatively strong position but I cannot get my head round Abwrdeen having a turnover over 50% higher than us. No wonder they performed much better then us over the last decade

That’s what consistency of European football gives you.

[matty_f]

That’s what consistency of European football gives you.

I think Andy74's point earlier is relevant as well, which takes into account what's included in turnover v what's in profit.

You're right though - regularly competing in Europe would be hugely beneficial financially. We definitely need to get there and stay there.

[CropleyWasGod]

I agree with you and whilst I have not studied the accounts in detail yet my initial thought is how important the HSL contributions are and I hope the people running HSL will have a big push to maximise these contributions. In addition now may be the time for the board to launch a rights issue to raise much needed working capital for the business

Not sure if I like that idea.

The only person who could afford anything substantial would be Ron, and that would just increase his percentage holding, and reduce that of the fans.

I'm not sure even he would like his money locked in to shares. He would probably prefer any injection to be in the form of a loan, so that he could extract it more easily.

[hibbydad]

Not sure if I like that idea.

The only person who could afford anything substantial would be Ron, and that would just increase his percentage holding, and reduce that of the fans.

I'm not sure even he would like his money locked in to shares. He would probably prefer any injection to be in the form of a loan, so that he could extract it more easily.
Given that the club has borrowed in excess of £1.8m in a 20 year loan from the government albeit interest free I really believe raising the share capital would be a better idea rather than borrowing additional funds. I would hope HSL would be in a position to invest further funds along with those of us who are in a position to purchase more shares

[CropleyWasGod]

Given that the club has borrowed in excess of £1.8m in a 20 year loan from the government albeit interest free I really believe raising the share capital would be a better idea rather than borrowing additional funds. I would hope HSL would be in a position to invest further funds along with those of us who are in a position to purchase more shares

I meant a loan from him. Sorry if that wasn't clear.

[hibbydad]

I meant a loan from him. Sorry if that wasn't clear.
As someone who borrowed large sums of money in work through the money markets I really think it would be advantageous to raise money by shares as if you think about how long it took for us to become debt free

[Hibs4185]

Given that the club has borrowed in excess of £1.8m in a 20 year loan from the government albeit interest free I really believe raising the share capital would be a better idea rather than borrowing additional funds. I would hope HSL would be in a position to invest further funds along with those of us who are in a position to purchase more shares

The £1.8 million loan of interest free over 20 years is a no brainer. Take it whilst it’s on offer, use it if needed and pay back if not. You’ll never get a better loan offer than that. Even if it is fully utilised then it’s £90,000 per year- £7500 per month, peanuts for hibs.

[hibbydad]

The £1.8 million loan of interest free over 20 years is a no brainer. Take it whilst it’s on offer, use it if needed and pay back if not. You’ll never get a better loan offer than that. Even if it is fully utilised then it’s £90,000 per year- £7500 per month, peanuts for hibs.
Off course it was no brainer but do we really want to get into servicing more debt which would not be interest free in addition to the £1.8m

[hibbysam]

Off course it was no brainer but do we really want to get into servicing more debt which would not be interest free in addition to the £1.8m

If it’s a case of ensuring our club strives through this horrible period? Absolutely. Not all debt is bad. I’d rather have some debt but be clearing far more money going forward league positions and European runs, meaning we are paying debt back and making shed loads on top, than having no debt but turning over next to nothing because we are still cutting our cloth accordingly after this period.

[hibbydad]

If it’s a case of ensuring our club strives through this horrible period? Absolutely. Not all debt is bad. I’d rather have some debt but be clearing far more money going forward league positions and European runs, meaning we are paying debt back and making shed loads on top, than having no debt but turning over next to nothing because we are still cutting our cloth accordingly after this period.
Sam I am not advocating cutting our cloth what I am suggesting is a means to raising working capital for the business without additional interest costs which should free up more funds for improving the playing staff

[MWHIBBIES]

Reinforces the incredible job done by the club on and off the pitch this season. Cannot give them enough credit.

[WhileTheChief..]

The £1.8 million loan of interest free over 20 years is a no brainer. Take it whilst it’s on offer, use it if needed and pay back if not. You’ll never get a better loan offer than that. Even if it is fully utilised then it’s £90,000 per year- £7500 per month, peanuts for hibs.

Yup, a lot of small businesses are doing exactly that.

It’s literally free money.

[Billy Whizz]

Yup, a lot of small businesses are doing exactly that.

It’s literally free money.

What if they go bust?

[hibbysam]

Sam I am not advocating cutting our cloth what I am suggesting is a means to raising working capital for the business without additional interest costs which should free up more funds for improving the playing staff

By doing what? Diluting Ron’s holding in the club, which we know isn’t an option just now, nor should it be considering the investment he has made since taking over.

[danhibees1875]

The £1.8 million loan of interest free over 20 years is a no brainer. Take it whilst it’s on offer, use it if needed and pay back if not. You’ll never get a better loan offer than that. Even if it is fully utilised then it’s £90,000 per year- £7500 per month, peanuts for hibs.

Was that separate form the CBIL scheme?

The CBILS are only interest free for 1 year. Then it varies depending on the lender.

Not that I think it makes much difference to the overall points.

[WhileTheChief..]

What if they go bust?

It’s a 100% government backed loan to a max of £50k for small businesses and up to 80% covered for larger loans of up to £5m for larger businesses.

[hibbydad]

By doing what? Diluting Ron’s holding in the club, which we know isn’t an option just now, nor should it be considering the investment he has made since taking over.re Under a rights issue Ron's share holding would not be diluted if he took up his rights when he arrived he said he wanted to grow the business and it may be that he along with others may have to put more money into shares to acheive that aim.

[hibbysam]

re Under a rights issue Ron's share holding would not be diluted if he took up his rights when he arrived he said he wanted to grow the business and it may be that he along with others may have to put more money into shares to acheive that aim.

When he could put it in as a loan and guarantee himself a return on that? He’s a business owner not a fan. He’s sailing us through this pandemic well enough that I trust that he’ll sail us through the rest of it.

[ancient hibee]

Sam I am not advocating cutting our cloth what I am suggesting is a means to raising working capital for the business without additional interest costs which should free up more funds for improving the playing staff

I would imagine a loan from Ron would be interest free given his 66% ownership.A rights issue would be difficult to arrange.There are 125million shares of which Ron or his company hold about84million.So an issue at say 1p per share means he would have to put in £840K and the other shareholders £410K probably not worth doing but if the issue was priced to raise a considerably higher amount Ron would have to put in even more and a lot of small shareholders couldn’t afford it. I’m sure you know all this but it seems much simpler to me that the owner pony’s up and gets the money back when possible.

[007]

3rd is critical for a number of reasons, European football and creating a feel good factor for renewal of season tickets.

The accounts this time next year are likely to be worse. There is a good chance Nisbet and Porteous are sold. Should the club have tried to get Marciano under a contract last summer with a view to getting a transfer fee? We need a main shirt sponsor after two years of not having one. I also wonder the value of having so many ageing players under contract. Gray and Stevenson in particular.

I could be remembering wrongly but was Rocky's deal not a 50% sell on clause for Ashod? I think that was the chat on here and it was the only way we were able to get him. Several thought it didn't really matter because we've hardly ever sold a keeper for any substantial amount. All academic now anyway as he's leaving when his contract is up.

[hibbydad]

I would imagine a loan from Ron would be interest free given his 66% ownership.A rights issue would be difficult to arrange.There are 125million shares of which Ron or his company hold about84million.So an issue at say 1p per share means he would have to put in £840K and the other shareholders £410K probably not worth doing but if the issue was priced to raise a considerably higher amount Ron would have to put in even more and a lot of small shareholders couldn’t afford it. I’m sure you know all this but it seems much simpler to me that the owner pony’s up and gets the money back when possible.
To be honest I was thinking about 4p per share which is what HSL was buying them for when they could. I am quite confident that when Ron decides it is time to get out he will make sure he gets his money. Whatever the board decides they will have my support

[Andy74]

To be honest I was thinking about 4p per share which is what HSL was buying them for when they could. I am quite confident that when Ron decides it is time to get out he will make sure he gets his money. Whatever the board decides they will have my support

Share option is a non starter. Shares were available for a long time with very little real interest.

Ron has invested, he won’t now dilute and we now need to increase our own income. I’m sure Ron will invest when necessary but a share issue is about the last thing we would consider doing in the current set up.

[Pagan Hibernia]

Share option is a non starter. Shares were available for a long time with very little real interest.

Ron has invested, he won’t now dilute and we now need to increase our own income. I’m sure Ron will invest when necessary but a share issue is about the last thing we would consider doing in the current set up.

it would more than likely mean the supporters stake being diluted, and for that reason I’d be very much against it.

[CropleyWasGod]

The accounts have now arrived, so a few thoughts:-

No issues with Going Concern in the Auditor's Report, which is a relief. Some clubs might have a problem.

Our net current assets (working capital) have halved since the previous year. This is to be expected, but it doesn't look good.

Cash reserves much the same as the py.

The club has done a lot of modelling, based on different scenarios. The worst-case is that the commencement of 21/22 season is played with no fans. In that scenario, the club has sufficient resources to last until 30 June 2022.

In arriving at the above, it "forecasts significant cash from the Company's business interruption proceeds from its insurance holder".

"Plausible downside scenarios" (eg no ST income for 20/21, SPFL payments cancelled) would result in £500-750k additional cash being needed.

"Whilst the company has in the past received capital injections from shareholders, there is no certainty that funding would be available in the future. As at 26 February 2021, no commitments have been made, but the Board are confident that it would be able to access funding if required, including from the majority shareholder".

Audit fee jumped from £16.5k to £21.5k :rolleyes:

Staff numbers much the same as the py. Presumably, any redundancies happened after June.

Ron takes no salary.

No amounts due to Bydand at 30 June.

[04Sauzee]

Killie post their financial results

https://kilmarnockfc.co.uk/news/financial-results-for-year-ending-may-2020/

[Pagan Hibernia]

Killie post their financial results

https://kilmarnockfc.co.uk/news/financial-results-for-year-ending-may-2020/

they’re still in profit. Incredible.

[HibbyDave]

Why no glossy brochure for the accounts?
Crappy production not even on headed paper.


Cost cutting on a micro scale



Well done Ron😎 look after the pennies and the pounds will look after themselves.

[CropleyWasGod]

they’re still in profit. Incredible.

All down to the one European home game against Connah's Quay. A wee lesson in there? 😀

[Barney McGrew]

All down to the one European home game against Connah's Quay. A wee lesson in there? 😀

And £400k cash from two investors........

[18Craig75]

It had been rumoured in the past that Ron personally paid for Nisbet (or maybe it was McGennis?). Do these accounts show if that was the case or will that be next years?

[CropleyWasGod]

And £400k cash from two investors........

That wouldn't affect profit, though.

[CropleyWasGod]

It had been rumoured in the past that Ron personally paid for Nisbet (or maybe it was McGennis?). Do these accounts show if that was the case or will that be next years?

There's nothing in the accounts to suggest that Ron has ponied up at all, either in that year or since.

[Billy Whizz]

It had been rumoured in the past that Ron personally paid for Nisbet (or maybe it was McGennis?). Do these accounts show if that was the case or will that be next years?

He signed in this financial year I believe, 10th July

[Pagan Hibernia]

https://www.67hailhail.com/news/celtic-could-take-advantage-of-hibs-finances-by-striking-nisbet-doig-or-porteous-deal/

🙄 same old story since 1888. Nothing changes.

[danhibees1875]

https://www.67hailhail.com/news/celtic-could-take-advantage-of-hibs-finances-by-striking-nisbet-doig-or-porteous-deal/

🙄 same old story since 1888. Nothing changes.

They really are a vomit enducing bunch.

There's more wrong than right with that article. They've learned to spell "Celtic" though.

[Pagan Hibernia]

They really are a vomit enducing bunch.

There's more wrong than right with that article. They've learned to spell "Celtic" though.

god how I hate them. Their natural sense of entitlement.

they’re useful for one thing and one thing only, and that’s stopping hearts from winning cup finals.

[007]

https://www.67hailhail.com/news/celtic-could-take-advantage-of-hibs-finances-by-striking-nisbet-doig-or-porteous-deal/

🙄 same old story since 1888. Nothing changes.

Claiming we need to sell. 😂 We'd have taken the £3M for Nesbit if that was the case.

[Stuart93]

they’re still in profit. Incredible.

Fact they’ve been concentrating so much on balancing the books may explain their woeful season they’ve had.

[CropleyWasGod]

Fact they’ve been concentrating so much on balancing the books may explain their woeful season they’ve had.

The accounts are for last season.

[Iggy Pope]

Might’ve been covered but note Shareholders need to register with the club by email to join the virtual AGM next Wednesday.

[danhibees1875]

Might’ve been covered but note Shareholders need to register with the club by email to join the virtual AGM next Wednesday.

Thanks - I hadn't seen that info yet. :aok:

Did you see if there was a deadline for doing so?

[Allant1981]

Thanks - I hadn't seen that info yet. :aok:

Did you see if there was a deadline for doing so?

Nothing on the stuff that came from the club, just says in order to sign up for the agm email full name and email address

[danhibees1875]

Nothing on the stuff that came from the club, just says in order to sign up for the agm email full name and email address

Thanks. :aok:

[Big_Franck]

I've not received a copy of the accounts or invites to the AGMs for the last few years as I moved address. Does anyone have the email address I can contact to update my address?

[Daniel 1875]

I've not received a copy of the accounts or invites to the AGMs for the last few years as I moved address. Does anyone have the email address I can contact to update my address?

[email protected] is the email given to confirm attendance at the AGM so reckon they’ll be able to get your address updated.

[Jones28]

https://www.67hailhail.com/news/celtic-could-take-advantage-of-hibs-finances-by-striking-nisbet-doig-or-porteous-deal/

🙄 same old story since 1888. Nothing changes.

“Hibs need to sell”

“Hibs turn down combined £3.5million in transfer fees in the hope the they might get the chance to flog them to Celtic”.

Patronising *****.

[WhileTheChief..]

If Celtic think these 3 Hibs players can help them win back the title next season then we must be doing something right.

Make 8 decent signings and we’ll be contenders ourselves :wink:

[Big_Franck]

[email protected] is the email given to confirm attendance at the AGM so reckon they’ll be able to get your address updated.

Brilliant, cheers!

[jacomo]

https://www.67hailhail.com/news/celtic-could-take-advantage-of-hibs-finances-by-striking-nisbet-doig-or-porteous-deal/

🙄 same old story since 1888. Nothing changes.


Question is, will they make a decent offer, or try and rip us off again?

[WhileTheChief..]

Learnt their lesson after John McGinn you'd have thought?

My gut feeling is that Ron will get top dollar for any players we sell. If it happens to be to Celtic, then so be it.

[Monts]

Can you send a virtual proxy?

[CropleyWasGod]

Can you send a virtual proxy?

There are no resolutions scheduled, so I don't think you would need one.

[brog]

They really are a vomit enducing bunch.

There's more wrong than right with that article. They've learned to spell "Celtic" though.

Not able to spell Nisbet though! Spelling his name differently in the same article basically gives a snapshot of the quality of the article! Mind you, half of this board spell Kevan's name wrong! :wink:

[CMurdoch]

“Hibs need to sell”

“Hibs turn down combined £3.5million in transfer fees in the hope the they might get the chance to flog them to Celtic”.

Patronising *****.

Just a supporter babbling.
Creating content is all the rage these days and anyone can do it whether well informed or halfwit.
Generally a halfwit looks at a headline and jumps in without looking at the whole picture.

File this guy under lazy and ill informed.
Probably knows his own club well but doesn't bother to research beyond a tabloid headline about another club before publishing his thoughts.

P.S. I watched a Hibs supporters podcast this week and one of the guys didn't know his stuff. Had to switch it off after the 2nd or 3rd inaccuracy. Hopefully it will get better but as it stands Matty won't be losing any listeners to them.

[Allez Hibs]

Just a supporter babbling.
Creating content is all the rage these days and anyone can do it whether well informed or halfwit.
Generally a halfwit looks at a headline and jumps in without looking at the whole picture.

File this guy under lazy and ill informed.
Probably knows his own club well but doesn't bother to research beyond a tabloid headline about another club before publishing his thoughts.

P.S. I watched a Hibs supporters podcast this week and one of the guys didn't know his stuff. Had to switch it off after the 2nd or 3rd inaccuracy. Hopefully it will get better but as it stands Matty won't be losing any listeners to them.

What was the podcast?

[Hibernian Verse]

Just a supporter babbling.
Creating content is all the rage these days and anyone can do it whether well informed or halfwit.
Generally a halfwit looks at a headline and jumps in without looking at the whole picture.

File this guy under lazy and ill informed.
Probably knows his own club well but doesn't bother to research beyond a tabloid headline about another club before publishing his thoughts.

P.S. I watched a Hibs supporters podcast this week and one of the guys didn't know his stuff. Had to switch it off after the 2nd or 3rd inaccuracy. Hopefully it will get better but as it stands Matty won't be losing any listeners to them.

I think I know which podcast you're referring to and I stopped listening a while ago due to this. You're right about Longbangers, very consistently on point pod.

[.Sean.]

https://www.67hailhail.com/news/celtic-could-take-advantage-of-hibs-finances-by-striking-nisbet-doig-or-porteous-deal/

🙄 same old story since 1888. Nothing changes.
That article reminds me of the time they signed John McGinn from us

[CMurdoch]

What was the podcast?

I won't identify it. It wouldn't sit right with me and I probably shouldn't have mentioned it.
It's up to folk to make up their own minds about the quality of non commercial podcasts and then decide to listen or not.

[Allez Hibs]

I won't identify it. It wouldn't sit right with me and I probably shouldn't have mentioned it.
It's up to folk to make up their own minds about the quality of non commercial podcasts and then decide to listen or not.

Fair play 👏

[Jim44]

Question is, will they make a decent offer, or try and rip us off again?

I think that guy makes it explicitly clear that he thinks Celtic should pick them up for a song because we are skint.

[Andy74]

There are no resolutions scheduled, so I don't think you would need one.

A bit odd that there is no AGM notice with the business to be covered. Assume we would at very least have accounts to receive and auditors to be renewed etc.

[bingo70]

A bit odd that there is no AGM notice with the business to be covered. Assume we would at very least have accounts to receive and auditors to be renewed etc.

Anything to be concerned about you think Andy or is it relatively normal, even if it’s odd?

[CropleyWasGod]

A bit odd that there is no AGM notice with the business to be covered. Assume we would at very least have accounts to receive and auditors to be renewed etc.

I found it a bit odd as well. Presumably, there is provision in the Mem and Arts to dispense with the need to approve the accounts in a general meeting. In reality, what Ron says goes, so I'm not overly bothered.

[ancient hibee]

I found it a bit odd as well. Presumably, there is provision in the Mem and Arts to dispense with the need to approve the accounts in a general meeting. In reality, what Ron says goes, so I'm not overly bothered.

In Ron's letter it states that the formal AGM serves to approve the audited financial statements so maybe it will be arranged to do that virtually.

[CropleyWasGod]

In Ron's letter it states that the formal AGM serves to approve the audited financial statements so maybe it will be arranged to do that virtually.

Yeah you're right, it does.

That, however, would exclude proxy votes from being counted. (Not that that is a major issue in the great scheme of things).

Imagine if Ron pushed the wrong button at the vote 😂

[Andy74]

Anything to be concerned about you think Andy or is it relatively normal, even if it’s odd?

Nah, just a bit odd!

[3pm]

Will the plans for ST sales be covered on this?

[Allant1981]

Got my email back yesterday with the link to register so all done now

[CropleyWasGod]

Got my email back yesterday with the link to register so all done now

Did you get a voucher for a Greggs' pie?

[Allant1981]

Did you get a voucher for a Greggs' pie?

Baynes!