Potential takeover/new investor?

[HoboHarry]

Just coming back to these threads.

Any further clarity on how this "investment" is coming in? Shares, loans, donations, other?
If you don't know the answers we are all knackered......:greengrin

[CB Hibs 68]

https://www.edinburghnews.scotsman.com/sport/football/hibs/foley-wont-call-shots-on-recruitment-hibs-exclusive-on-feeder-club-fears-4452584

Hibs managing to suck all the fun out of this situation here.


Can we no’ just do something radge for a change and make things a bit exciting?

No, here comes the club insider to piss on our chips.
Oooof sounds like an OG from a seasoned online punter.Enjoy your podcast but think you/we need to know more about what is going on .If the dosh ain’t there transfer wise till June then thems the facts .We will bash on..If you are not on the podcast my apologies.

[matty_f]

Oooof sounds like an OG from a seasoned online punter.Enjoy your podcast but think you/we need to know more about what is going on .If the dosh ain’t there transfer wise till June then thems the facts .We will bash on..If you are not on the podcast my apologies.

It’s me on the podcast, the post wasn’t meant to be taken seriously (hence asking for us to do something mental with it)

[Colr]

Just coming back to these threads.

Any further clarity on how this "investment" is coming in? Shares, loans, donations, other?

Jeely jars. He’s been hoarding them for years.

[HoboHarry]

Oooof sounds like an OG from a seasoned online punter.Enjoy your podcast but think you/we need to know more about what is going on .If the dosh ain’t there transfer wise till June then thems the facts .We will bash on..If you are not on the podcast my apologies.

Did you feel a whoosh rocketing over your head today sometime? :greengrin

[Mcbizz1998]

Whilst improving East Mains is a worthy cause, my view is that it could wait a year or two.

Spend the money on the first team first.

When EM was built we all talked about how much it would improve everything and attract the best players and youngsters. Now we need an indoor pitch to do that?

I'd file it under 'nice to have' whereas first team ready players would be marked as 'Urgent'!

I absolutely agree. As someone who fannies around doing project management for a living, I appreciate the ‘nice to have’ reference, as that’s EXACTLY what it is. If we run a good old MoSCoW analysis against hibs I would say:

Must have: Centre half, Centre Forward, Back up for Newall
Should have: competition for Marshall
Could have: Obita back up - LB
Will not (nice): an indoor pitch!

And btw, I’m available to do this nonsense for a fee, Bill!!!

[hibbie02]

I absolutely agree. As someone who fannies around doing project management for a living, I appreciate the ‘nice to have’ reference, as that’s EXACTLY what it is. If we run a good old MoSCoW analysis against hibs I would say:

Must have: Centre half, Centre Forward, Back up for Newall
Should have: competition for Marshall
Could have: Obita back up - LB
Will not (nice): an indoor pitch!

And btw, I’m available to do this nonsense for a fee, Bill!!!

Nowt wrong with fannying around doing Project Management. Someone has to do it and I don't disagree with your analysis, speaking as a retired PM....

[Hibbyradge]

For Hibs.net that's pretty profound :agree:

For hibs.net, it's contentious!

[CropleyWasGod]

If you don't know the answers we are all knackered......:greengrin

Feels a bit like a "control the narrative" exercise at the moment.

Whilst the club are right to say nothing, the dribs and drabs that are making their way into the media are all good. But, as ever with these things, the devil will be in the detail.

It's that bit that has me getting splinters from the fence. :cb

[matty_f]

Feels a bit like a "control the narrative" exercise at the moment.

Whilst the club are right to say nothing, the dribs and drabs that are making their way into the media are all good. But, as ever with these things, the devil will be in the detail.

It's that bit that has me getting splinters from the fence. :cb

Have you been able to see whether Lorient or Bournemouth have had to take on debt to fund the investment?

[HUTCHYHIBBY]

Whilst improving East Mains is a worthy cause, my view is that it could wait a year or two.

Spend the money on the first team first.

When EM was built we all talked about how much it would improve everything and attract the best players and youngsters. Now we need an indoor pitch to do that?

I'd file it under 'nice to have' whereas first team ready players would be marked as 'Urgent'!

#me too.

[CropleyWasGod]

Have you been able to see whether Lorient or Bournemouth have had to take on debt to fund the investment?

I've done a little bit of digging.

The other 2 situations aren't the same as ours, as they are majority holdings.

In Bournemouth's case, a loan of £89m that existed from the previous owners was replaced by a similar one from the new ones. A further "facility" of £30m was arranged to fund the expansion of the training facility. (sound familiar?)

There were also new shares issued by the company, which would have meant cash coming in. The accounts for that period aren't yet available, so I can't see how much.

I have no idea about L'Orient. No idea where to find La Maison des Compagnies :greengrin

[SickBoy32]

I've done a little bit of digging.

The other 2 situations aren't the same as ours, as they are majority holdings.



Pretty sure I read that Foley 'only' took a 40% stake in Lorient - could be wrong mind you.

[CropleyWasGod]

Pretty sure I read that Foley 'only' took a 40% stake in Lorient - could be wrong mind you.

Actually, I think you're right.

This piece says 33%, with an intention to acquire more at the end of that season (the one just ended).

https://www.coliseum-online.com/foley-acquire-major-slice-fc-lorient/

No detail on how it was funded, though, which is my main issue.

[04Sauzee]

Seen this from @scottmillar1

https://twitter.com/scottmillar1/status/1737835821204382099?t=GU_scsKI6R-PkTDsAZ6RiA&s=19

[ElginHibbie]

Seen this from @scottmillar1

https://twitter.com/scottmillar1/status/1737835821204382099?t=GU_scsKI6R-PkTDsAZ6RiA&s=19

"The only focus is self preservation. They threw out one of our 2 mega clubs setting our game back years"

Which is it?

[SHODAN]

What about the Financial fair play rules that get flaunted with all the big clubs.
We ain’t in that league, but did spending not need to match income.
No idea how that works with an investor?

Good chance FFP will be used to make an example of us. Only seems to come into play for smaller teams.

[CapitalGreen]

Seen this from @scottmillar1

https://twitter.com/scottmillar1/status/1737835821204382099?t=GU_scsKI6R-PkTDsAZ6RiA&s=19

Struggle to take Tom Tracy’s first post seriously after reading the 2nd. Rangers weren’t thrown out of the top flight and Hearts weren’t relagated for no reason. His 2nd post reads like he’s all for clubs getting preferential treatment based on their size.

[SaulGoodman]

Seen this from @scottmillar1

https://twitter.com/scottmillar1/status/1737835821204382099?t=GU_scsKI6R-PkTDsAZ6RiA&s=19

“They don’t care about other teams, they only care about the big teams..

..They relegated Hearts for no reason”

He’s going to have to pick a side there, can’t say that the SFA don’t care about the smaller teams and then complain about Hearts getting relegated for finishing bottom of the league when it finished.

[Paulie Walnuts]

Find it hard to believe any of that post.

Forgetting the stuff about Rangers and Hearts, I’d expect Spartans would have been taking over Edinburgh City, not the other way around. They’re a much bigger club and knowing Craig Graham from Spartans fairly well I can say with a degree of certainty he wouldn’t have been up for that at all.

[Bridge hibs]

Find it hard to believe any of that post.

Forgetting the stuff about Rangers and Hearts, I’d expect Spartans would have been taking over Edinburgh City, not the other way around. They’re a much bigger club and knowing Craig Graham from Spartans fairly well I can say with a degree of certainty he wouldn’t have been up for that at all.

Does seem a bit strange, I could also understand the pooling of resources etc but further down the line and I dont mean any disrespect to either club but even with a name change it would most likely result in a similar scenario to Clydebank/Airdrie

Further more combined they/it would still only attract a couple of hundred to games or not much more and financial wise would they/it be any better off ?

Im sure both clubs enjoy their own identity as do the fans of the respective clubs, sad to see the possible demise of Edinburgh though whereas Spartans seem to be on an upwards trajectory

[Ozyhibby]

Seen this from @scottmillar1

https://twitter.com/scottmillar1/status/1737835821204382099?t=GU_scsKI6R-PkTDsAZ6RiA&s=19

The stuff about Spartans are a flat out lie. I know this because I’ve been told straight from the horses mouth.


Sent from my iPhone using Tapatalk

[JimBHibees]

The stuff about Spartans are a flat out lie. I know this because I’ve been told straight from the horses mouth.


Sent from my iPhone using Tapatalk

Would have been surprised if Spartans had agreed to that

[GloryGlory]

https://www.dailyrecord.co.uk/sport/football/football-news/bill-foley-hibs-bid-latest-31727935

Bill Foley Hibs bid latest as Bournemouth owner's reps make Easter Road visit

[ScottB]

It’s not unreasonable to conclude that if we are to play host to promising young players within the group, investing in the facilities might well be a priority for Foley over just spending it all on players right now…

[Hibees1973]

I am a bit skeptical about this investment. Apologies.

As my late mum used to say 'if it's too good to be true, then it probably isn't'. My main concern is not just the initial investment, but what will happen in the future. It all seems a bit confusing and vague so will be good if someone local, Malcolm McPherson, clarifies what is going on and Bill Foley's ultimate objectives.

Them over the road have a guy who treats them like a charity. Ploughing money in but expecting nothing in return. I doubt Bill Foley is similar.

I'm not really frothing about this money. Comments already have said the initial £6m won't be for players. The stadium and the training centre have never looked better.

Time will tell.

[SteveHFC]

https://www.dailyrecord.co.uk/sport/football/football-news/bill-foley-hibs-bid-latest-31727935

Bill Foley Hibs bid latest as Bournemouth owner's reps make Easter Road visit



Further improvements to the Easter Road stadium would be a huge part of the American’s initial investment - alongside upgrading the HTC training facilities and boosting manager Nick Montgomery’s transfer budget. :hyper

[tamig]

I am a bit skeptical about this investment. Apologies.

As my late mum used to say 'if it's too good to be true, then it probably isn't'. My main concern is not just the initial investment, but what will happen in the future. It all seems a bit confusing and vague so will be good if someone local, Malcolm McPherson, clarifies what is going on and Bill Foley's ultimate objectives.

Them over the road have a guy who treats them like a charity. Ploughing money in but expecting nothing in return. I doubt Bill Foley is similar.

I'm not really frothing about this money. Comments already have said the initial £6m won't be for players. The stadium and the training centre have never looked better.

Time will tell.

The two oldest stands aren’t in great nick now and need some serious money spent on them. They’re almost 30 years old. I don’t think I’ve seen anywhere that ALL of the initial investment is earmarked for infrastructure work.

[JammyDoidger]

All this chat about upgrading stadiums and training centre's is unnecessary for me, we need to get a decent team on the park to get the stadium full that should be the first priority, look at the state of Aberdeen and Hearts stadiums, we are miles infront in terms of infrastructure but behind in terms of results, we've missed out on group stages of European football and have had to sit and watch them 2 live it up across Europe, get that sorted first man, give us something to shout about.

[Bridge hibs]

I am a bit skeptical about this investment. Apologies.

As my late mum used to say 'if it's too good to be true, then it probably isn't'. My main concern is not just the initial investment, but what will happen in the future. It all seems a bit confusing and vague so will be good if someone local, Malcolm McPherson, clarifies what is going on and Bill Foley's ultimate objectives.

Them over the road have a guy who treats them like a charity. Ploughing money in but expecting nothing in return. I doubt Bill Foley is similar.

I'm not really frothing about this money. Comments already have said the initial £6m won't be for players. The stadium and the training centre have never looked better.

Time will tell.Where did you read about the £6m wont be for players ? A chunk of that will be available for players


More good news for fans is that a large chunk of that will be on player recruitment while they will also look to upgrade their East Mains training facility with the addition of a full-size indoor pitch

You say the stadium has never looked better ? The rear of the FF is dreary and looks very dated, inside the FF, have you been in lately ? Its a ****ing mess, it stinks and its like last one out please switch off the lights on your way out, a disgrace that so much space has literally been left to rot, and you say the stadium has never looked better 😳

[King Cosell]

Looking at the Lorient squad on Transfermark and I think we really need to bring Bonke Innocent to Easter Road.

[Eyrie]

I am a bit skeptical about this investment. Apologies.

As my late mum used to say 'if it's too good to be true, then it probably isn't'. My main concern is not just the initial investment, but what will happen in the future. It all seems a bit confusing and vague so will be good if someone local, Malcolm McPherson, clarifies what is going on and Bill Foley's ultimate objectives.

Them over the road have a guy who treats them like a charity. Ploughing money in but expecting nothing in return. I doubt Bill Foley is similar.

I'm not really frothing about this money. Comments already have said the initial £6m won't be for players. The stadium and the training centre have never looked better.

Time will tell.

I think we should be grateful that Foley will be nothing like Anderson in that respect. Anyone putting that much money into a football club should be expecting something in return and asking some very awkward questions if it isn't working.

[CB Hibs 68]

I think we should be grateful that Foley will be nothing like Anderson in that respect. Anyone putting that much money into a football club should be expecting something in return and asking some very awkward questions if it isn't working.
Nope Foley is an investor and Anderson is a benefactor.There is a difference.

[Libby Hibby]

Nope Foley is an investor and Anderson is a benefactor.There is a difference.

What is the difference?

[7Hero]

What is the difference?

A benefactor is not looking for shares or a return on there investment. Foley is looking for a share of the club and one would assume in the long term a return on his investment whatever that may look like down the road..

[ScottB]

I guess it depends, is this a £6 million injection to get things going, or is it a commitment to raise our playing budget by that much from here on in?

If it’s the former, it’s still a big chunk of change for us, but you’d need to use it to cover the full duration of these additional players contracts, if we aren’t certain a further investment will come, we can’t just blow it all in year one. So I guess 3 players on £5k a week on 3 year deals, that’d be a good £3.5 million on wages and taxes, assuming they came for free etc.

Hopefully it’s the latter though, and our playing budget will get boosted not just this year, but the next several years!

That said I do suspect they’ll be keen to further improve East Mains, maybe our dressing room and other player facilities at ER etc.

[Paul1642]

I guess it depends, is this a £6 million injection to get things going, or is it a commitment to raise our playing budget by that much from here on in?

If it’s the former, it’s still a big chunk of change for us, but you’d need to use it to cover the full duration of these additional players contracts, if we aren’t certain a further investment will come, we can’t just blow it all in year one. So I guess 3 players on £5k a week on 3 year deals, that’d be a good £3.5 million on wages and taxes, assuming they came for free etc.

Hopefully it’s the latter though, and our playing budget will get boosted not just this year, but the next several years!

That said I do suspect they’ll be keen to further improve East Mains, maybe our dressing room and other player facilities at ER etc.

Aberdeen made an estimated £5.3 million from
European football compared to our £1.4 million.


A 3rd place finish with a good Scottish cup run could be worth around £4.5 million more than a 4th or 5th placed finish.

£6 million investment suddenly becomes a huge, game changing amount of money if we can combine it with conference league group stages next season.

For reference Rangers and Celtics turnovers range between £80 million - £120 million so catching them is pretty unlikely regardless of investment unless one of them has a catastrophic season.

[matty_f]

Aberdeen made an estimated £5.3 million from
European football compared to our £1.4 million.


A 3rd place finish with a good Scottish cup run could be worth around £4.5 million more than a 4th or 5th placed finish.

£6 million investment suddenly becomes a huge, game changing amount of money if we can combine it with conference league group stages next season.

For reference Rangers and Celtics turnovers range between £80 million - £120 million so catching them is pretty unlikely regardless of investment unless one of them has a catastrophic season.

This was one of the reasons I was initially a bit underwhelmed (before stopping to think about it) about the amount quoted, as ridiculous as that sounds.

Anderson and FoH donated £4.5m and £1.6m last year to Hearts, who already had slightly higher turnover than we did.

So that’s Foley’s £6m plus change - in effect we’re still spending less even after the investment, which on first look, doesn’t seem an especially effective way to secure third place.

However, reports are that this is an initial investment, meaning there’s more to come and when you see that despite Hearts’ financial advantage there’s next to nothing separating us at the moment, and I’d expect Aberdeen to be in the mix as well. They also spend more than us and will benefit from a big European pot. Again, in that context, £6m isn’t really going to change any games.

However if you look at it as Hearts and Aberdeen have spent that just to be marginally better than us, and then you inject £6m into the club, then it should make a big difference.

It needs to be the start though, with much more to come imho. A one-off, as welcome as it is, will get lost quickly and we’re playing catch up on Aberdeen and Hearts so to my mind, we need to spend more than them if Foley is serious about getting third.

[ScottB]

Aberdeen made an estimated £5.3 million from
European football compared to our £1.4 million.


A 3rd place finish with a good Scottish cup run could be worth around £4.5 million more than a 4th or 5th placed finish.

£6 million investment suddenly becomes a huge, game changing amount of money if we can combine it with conference league group stages next season.

For reference Rangers and Celtics turnovers range between £80 million - £120 million so catching them is pretty unlikely regardless of investment unless one of them has a catastrophic season.

For a guy like Foley, that’s loose change.

I mean, that’s not to say he’d turn it down, but I’m not convinced they’ll be coming in with finishing third this season as an absolute must have that’s worth throwing the kitchen sink at.

The point of all this is for us to be a long term good place to develop players for other teams he owns. One final season of Scottish clubs playing group stage football is very much a nice to have compared to the longer term goals.

[Hibs4185]

This was one of the reasons I was initially a bit underwhelmed (before stopping to think about it) about the amount quoted, as ridiculous as that sounds.

Anderson and FoH donated £4.5m and £1.6m last year to Hearts, who already had slightly higher turnover than we did.

So that’s Foley’s £6m plus change - in effect we’re still spending less even after the investment, which on first look, doesn’t seem an especially effective way to secure third place.

However, reports are that this is an initial investment, meaning there’s more to come and when you see that despite Hearts’ financial advantage there’s next to nothing separating us at the moment, and I’d expect Aberdeen to be in the mix as well. They also spend more than us and will benefit from a big European pot. Again, in that context, £6m isn’t really going to change any games.

However if you look at it as Hearts and Aberdeen have spent that just to be marginally better than us, and then you inject £6m into the club, then it should make a big difference.

It needs to be the start though, with much more to come imho. A one-off, as welcome as it is, will get lost quickly and we’re playing catch up on Aberdeen and Hearts so to my mind, we need to spend more than them if Foley is serious about getting third.

We have solid foundations and good infrastructure so pound for pound we are far more efficient. Hopefully our people use the investment far more wisely

[Eyrie]

Nope Foley is an investor and Anderson is a benefactor.There is a difference.

That's my point.

If Anderson started asking awkward questions and holding people to account then Hearts would be in a better place. Instead he's willing to donate millions every year for the privilege of sitting in the rain watching dire football on a Subbuteo pitch surrounded by three rusting pink bus shelters and a grossly over budget new stand.

Foley will expect a return on his money. Probably financial in the long run when he sells, but in the short term that means success on the pitch.

[ScottB]

That's my point.

If Anderson started asking awkward questions and holding people to account then Hearts would be in a better place. Instead he's willing to donate millions every year for the privilege of sitting in the rain watching dire football on a Subbuteo pitch surrounded by three rusting pink bus shelters and a grossly over budget new stand.

Foley will expect a return on his money. Probably financial in the long run when he sells, but in the short term that means success on the pitch.

Does it?

I think it means successfully recruiting / developing players that go on to move up the ladder within the group or can be sold on for a profit.

I’m not sure Hibs being markedly more successful is directly the goal? I mean, if we do well enough producing those decent players, you’d suspect that’d make us better on the pitch, but I don’t imagine he’ll be funding us to go off and sign, say, a bunch of first team ready 29 year olds with no resale potential in order to do better this season.

I think we probably will become better, but I’m not sure it’ll be something that’ll be apparent overnight like perhaps some folk are hoping for, no January spending spree etc!

[Rumble de Thump]

Hibs will gain a lot more from this partnership than just a direct cash injection. And this will include things that the likes of Anderson can't give Hearts. Increased revenue through better sponsorship deals, improved scouting network, improved analytics, good quality loan deals etc. Maybe better better physio, conditioning, marketing, media staff etc. Who knows? Not me :greengrin

[gorgie greens]

Hearing the FF is to get a total revamp with the club shop moving away from there and new hospitality getting put in that stand.
But as long as the team improves at the same time then all is good.

[Hibs90]

Can't we for once just spend on the team and solidify ourselves as 3rd?

[Billy Whizz]

Hearing the FF is to get a total revamp with the club shop moving away from there and new hospitality getting put in that stand.
But as long as the team improves at the same time then all is good.

Heard the ticket office is moving into the FF

[worcesterhibby]

Does it?

I think it means successfully recruiting / developing players that go on to move up the ladder within the group or can be sold on for a profit.

I’m not sure Hibs being markedly more successful is directly the goal? I mean, if we do well enough producing those decent players, you’d suspect that’d make us better on the pitch, but I don’t imagine he’ll be funding us to go off and sign, say, a bunch of first team ready 29 year olds with no resale potential in order to do better this season.

I think we probably will become better, but I’m not sure it’ll be something that’ll be apparent overnight like perhaps some folk are hoping for, no January spending spree etc!
None of us really knows what "success" looks like for Foley, but we would make a much better testing ground for Bournemouth players if we were regularly making European group stage football. If we are coming third most years and giving players proper European experience you can see where the benefit would be for both Foley's group and Hibs fans

[GloryGlory]

Can't we for once just spend on the team and solidify ourselves as 3rd?

The Black Knight Group will be looking at this investment in strategic terms, not just the next six months. And I would think that they will have a say in how it is spent, so if the strategic plan involves improving the infrastructure then that's where the bulk of the cash will go. They're not playing Football Manager!

[Renfrew_Hibby]

Heard the ticket office is moving into the FF

Always thought the shop should be the ticket hub and the current ticket building possibly given over to the historical trust to convert into something.
Shop should be located within a larger structure in the North East corner.

[04Sauzee]

Hearing the FF is to get a total revamp with the club shop moving away from there and new hospitality getting put in that stand.
But as long as the team improves at the same time then all is good.

Any thoughts on where the club shop is/could be moved to?

[SickBoy32]

The Black Knight Group will be looking at this investment in strategic terms, not just the next six months. And I would think that they will have a say in how it is spent, so if the strategic plan involves improving the infrastructure then that's where the bulk of the cash will go. They're not playing Football Manager!

Can only hope that their strategic plan works a lot better for us than it has done Lorient !

I totally agree with the original poster you were replying to, we've got the best infrastructure outside the OF - does it really need improving at this stage?

What tangible benefit are we as supporters likely to see from improved infrastructure? Or is this just another case of us being used as a vehicle for folk to turn a profit on?

[superfurryhibby]

The Black Knight Group will be looking at this investment in strategic terms, not just the next six months. And I would think that they will have a say in how it is spent, so if the strategic plan involves improving the infrastructure then that's where the bulk of the cash will go. They're not playing Football Manager!

Why is wanting money invested in players associated with playing football manager in your mind?

Another averagely mediocre season will see season tickets drop yet again and we will continue to lose financial ground to our rivals (Sheep and Hearts), one of whom will finish third if we don't invest in the squad.

[Greencore]

People saying the deal is nearly done on here and twitter recently.

Maybe announced Christmas day 🥰

[Jack]

Unless building plans are well advanced there's nothing happening soon regards bricks and mortar. The indoor won't be ready this winter so realistically next. Doing up the FF, if plans are in place now, could be ready for next season. I can't see either costing vast sums in the near future.

On the other hand if we want to get into the group stages of a European competition the opportunity to do this will not be as 'easy' in the seasons after this one.

It would be great all round for this collaboration to get off to a successful (sporting and financial) start by securing 3rd this season and the box seat for the European leagues.

For that to happen we need quality players in next month.

[Crazyhorse]

This was one of the reasons I was initially a bit underwhelmed (before stopping to think about it) about the amount quoted, as ridiculous as that sounds.

Anderson and FoH donated £4.5m and £1.6m last year to Hearts, who already had slightly higher turnover than we did.

So that’s Foley’s £6m plus change - in effect we’re still spending less even after the investment, which on first look, doesn’t seem an especially effective way to secure third place.

However, reports are that this is an initial investment, meaning there’s more to come and when you see that despite Hearts’ financial advantage there’s next to nothing separating us at the moment, and I’d expect Aberdeen to be in the mix as well. They also spend more than us and will benefit from a big European pot. Again, in that context, £6m isn’t really going to change any games.

However if you look at it as Hearts and Aberdeen have spent that just to be marginally better than us, and then you inject £6m into the club, then it should make a big difference.

It needs to be the start though, with much more to come imho. A one-off, as welcome as it is, will get lost quickly and we’re playing catch up on Aberdeen and Hearts so to my mind, we need to spend more than them if Foley is serious about getting third.

What was the turnover of Hibs, Hearts and Dons last year?

[CropleyWasGod]

What was the turnover of Hibs, Hearts and Dons last year?

We don't know ours yet. (£12m in the previous year)

Hearts was £20m, not including £6m from Anderson and others. (£14m in the previous year)

Don't know Aberdeen's yet (£14m in the previous year)

[Greenworld]

Hearing the FF is to get a total revamp with the club shop moving away from there and new hospitality getting put in that stand.
But as long as the team improves at the same time then all is good.It's an interesting one the famous five was looked at in Ld's time designs were drawn up for hotel on the upper floor area to be run by an outside agency. Its a cracking blank canvas with lots of potential for making money.

Sent from my SM-G975U1 using Tapatalk

[Hibbyradge]

Can't we for once just spend on the team and solidify ourselves as 3rd?

For once?

We've spent millions on the team! :confused:

[1van Sprou7e]

Just seen Foley's plans for a brand new sustainable timber stadium 🤯

[Hibbyradge]

Just seen Foley's plans for a brand new sustainable timber stadium 🤯

:greengrin

That looks pretty good actually!

[VoltaireHibs]

Hi all, newbie here, long time Hibby (45 plus years) and long time reader of .net, finally decided to sign up so I can spend more of my life on my phone...

A couple of things about this investment. I wonder if Foley and the Gordon's are setting up a more 'Ratcliffe at Man Utd 'style deal, where one party has more control over the football side and the other half generate investment etc? I cannot see a group like Black Knights doing due diligence etc and then investing without some form of control, whether that be a future buy-out option or control of transfers etc. But then again we have no idea what exactly is at play here.

The other point is where our new'ish head coach fits into all this, and possibly Brian McDermott too? Are the BK group happy with the people we have in place? Do they have their own ideas as to who would best manage their investment? One thing I think we can say for certain is that they will have some form of oversight, and presumably certain levers to apply pressure should they feel things are going awry with their money.

I am, on the basis of what little we know, very happy with the idea of having outward investment from a group like BK, something in Scottish football needs to change and this looks like it could be one of those things.

Anyhow, just my tuppence worth!

[McD]

It's an interesting one the famous five was looked at in Ld's time designs were drawn up for hotel on the upper floor area to be run by an outside agency. Its a cracking blank canvas with lots of potential for making money.

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Wasn’t the FF internal space going to be given over to an NHS clinic or drop in centre during LD’s time?

[greenginger]

I think we’re going to need more billionaires to compete with the Gorgie mob.

https://www.footballscotland.co.uk/spfl/scottish-premiership/ann-budge-promises-steven-naismith-28329869

Budge is promising the hotel profits for a player spending bonanza. :greengrin

[HoboHarry]

I think we’re going to need more billionaires to compete with the Gorgie mob.

https://www.footballscotland.co.uk/spfl/scottish-premiership/ann-budge-promises-steven-naismith-28329869

Budge is promising the hotel profits for a player spending bonanza. :greengrin
Think she is drunk. It might have a higher number of guests in the beginning for the novelty factor but that won't last. No-one wants a cupboard for a hotel room repeatedly.

[Iain G]

I think we’re going to need more billionaires to compete with the Gorgie mob.

https://www.footballscotland.co.uk/spfl/scottish-premiership/ann-budge-promises-steven-naismith-28329869

Budge is promising the hotel profits for a player spending bonanza. :greengrin

She is an imbecile and a fantasist, there will be no profits, this thing will overrun on cost and schedule, open late, they will forget to order the beds, it will be run by Ian Black and nobody will want to stay there after the initial novelty value wears off,unless it's some inbred off yakbak who wants to show his sister a good time for her birthday. Just give Naebadges the money you will waste on the hotel to spend on players, no? Ah maybe it's how the big clubs do it, Jim Radcliffe about to spend all his money for players on a 20 bedroom hotel instead...

Nae windows = no profits = no new mega signings = no ****ing clue.

[Greencore]

She is an imbecile and a fantasist, there will be no profits, this thing will overrun on cost and schedule, open late, they will forget to order the beds, it will be run by Ian Black and nobody will want to stay there after the initial novelty value wears off,unless it's some inbred off yakbak who wants to show his sister a good time for her birthday. Just give Naebadges the money you will waste on the hotel to spend on players, no? Ah maybe it's how the big clubs do it, Jim Radcliffe about to spend all his money for players on a 20 bedroom hotel instead...

Nae windows = no profits = no new mega signings = no ****ing clue.
Post of the year. 😂

[Hibby Kay-Yay]

A benefactor is not looking for shares or a return on there investment. Foley is looking for a share of the club and one would assume in the long term a return on his investment whatever that may look like down the road..

Are both benefactor and shareholder within the rules of FFP?

[superfurryhibby]

For once?

We've spent millions on the team! :confused:

And managed to bring in even more millions in from transfer fees.

[Hibs4185]

Heard the ticket office is moving into the FF

Ticket office is getting knocked down for stadium expansion 😜

[PatHead]

Ticket office is getting knocked down for stadium expansion 😜

Are we building a hotel with no windows?

[Billy Whizz]

Ticket office is getting knocked down for stadium expansion 😜

Think it’s a listed building

[green day]

I think we’re going to need more billionaires to compete with the Gorgie mob.

https://www.footballscotland.co.uk/spfl/scottish-premiership/ann-budge-promises-steven-naismith-28329869

Budge is promising the hotel profits for a player spending bonanza. :greengrin

"We'll continue to invest and that's important. Our staff, players costs and operating costs increased significantly last year. They will increase again this year, despite the difficulties we are facing and reduced income. Our objective is not to build a bank balance. It is to live within our means and to keep reinvesting in the club."

What "difficulties" are they facing? They get ~£6m a year from FoH and Anderson, ffs.

I assume Newell must have been the brains of the Newell and Budge IT company as she is clearly a few sandwiches short of a picnic..........

[Pagan Hibernia]

She is an imbecile and a fantasist, there will be no profits, this thing will overrun on cost and schedule, open late, they will forget to order the beds, it will be run by Ian Black and nobody will want to stay there after the initial novelty value wears off,unless it's some inbred off yakbak who wants to show his sister a good time for her birthday. Just give Naebadges the money you will waste on the hotel to spend on players, no? Ah maybe it's how the big clubs do it, Jim Radcliffe about to spend all his money for players on a 20 bedroom hotel instead...

Nae windows = no profits = no new mega signings = no ****ing clue.

This reminds me of that loser on kickback, during the height of their fury over being relegated in 2020 who insisted he would only take his wife out for dinner in tynecastle from now on.

"Naw it's no benidorm this year love, it's a couple of nights in the hearts hotel"

[Scotty Leither]

I think we’re going to need more billionaires to compete with the Gorgie mob.

https://www.footballscotland.co.uk/spfl/scottish-premiership/ann-budge-promises-steven-naismith-28329869

Budge is promising the hotel profits for a player spending bonanza. :greengrin

So that’s the gadgie McKinley had his tuppence worth on the proposed Hibs’ investment, now Budge is showing out on her plans for the Gorgie Hilton, it must surely be time for Lord Foulkes of the baronetcy of pishy breeks to make a statement to the House about their next planned period of world domination?

[Hibs4185]

So that’s the gadgie McKinley had his tuppence worth on the proposed Hibs’ investment, now Budge is showing out on her plans for the Gorgie Hilton, it must surely be time for Lord Foulkes of the baronetcy of pishy breeks to make a statement to the House about their next planned period of world domination?

Heard they’re flying Romanov over for some moral support and more laundered cash

[green day]

This reminds me of that loser on kickback, during the height of their fury over being relegated in 2020 who insisted he would only take his wife out for dinner in tynecastle from now on.

"Naw it's no benidorm this year love, it's a couple of nights in the hearts hotel"

They are oddballs.

I have done some work for a relative of a friend once or twice - hes a rabid Jambo, keeps asking me if I have "tried" the restaurant at Tynecastle - as if.

He takes his wife there several times a year - I mean, I love Hibs, but if I told my missus that we were going to a restaurant at Easter Road stadium a couple of times a month, I would fully expect a kick to the nads...........

He fits the bill of standard jambo - loves the sound of his own voice, bowling club and golf club regular - if Rovers were still a thing there would be one in the drive :agree:

[Baader]

I think we’re going to need more billionaires to compete with the Gorgie mob.

https://www.footballscotland.co.uk/spfl/scottish-premiership/ann-budge-promises-steven-naismith-28329869

Budge is promising the hotel profits for a player spending bonanza. :greengrin

So Fawlty Towers will help pay for new recruits? :greengrin

Tynecastle becoming "a 24 hour operation... " With that lot in charge what could possibly go wrong?

[Crazyhorse]

We don't know ours yet. (£12m in the previous year)

Hearts was £20m, not including £6m from Anderson and others. (£14m in the previous year)

Don't know Aberdeen's yet (£14m in the previous year)

👍

[Chipper1875]

We don't know ours yet. (£12m in the previous year)

Hearts was £20m, not including £6m from Anderson and others. (£14m in the previous year)

Don't know Aberdeen's yet (£14m in the previous year)

Circa £15m is the figure l was told

[Ozyhibby]

Hearts hotel may be a smart enough business decision but it’s no game changer. Even at full occupancy and it costs nothing at all to run it or build it, it would only bring in £1.3m. That’s assuming they can charge £150 a night.
Reality is, if it can profit about £150k a year they will be doing pretty well.
If they want to go onto the hotel business there are probably better properties available to buy.
They might get a govt contract for asylum seekers I suppose.

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[The_Exile]

Think it’s a listed building

Thought it was the Church just over from it that is listed rather than the ticket office? The building itself seems fairly small and unremarkable (not sure of it's history and why it would be listed?) so I'd be surprised if it was indeed listed.

[snedzuk]

Thought it was the Church just over from it that is listed rather than the ticket office? The building itself seems fairly small and unremarkable (not sure of it's history and why it would be listed?) so I'd be surprised if it was indeed listed.

https://hesportal.maps.arcgis.com/apps/Viewer/index.html?appid=18d2608ac1284066ba3927312710d16d

Listed buildings can be searched by zooming into this map - the ticket office isnt recorded, but the church is.

[7Hero]

[QUOTE=Hibby Kay-Yay;7532386]Are both benefactor and shareholder within the rules of FFP?[/QUOTE

You can't have a benefactor donating billions and the club winning everything that would be against ffp. The investor would only invest a percentage of the value of the club as a investment, that would not be an issue for ffp unles the value of the shares was super inflated well baive makert value I would think..

[7Hero]

Circa £15m is the figure l was told

Our latest turnover figure was £15m stated by Ben at a business lunch on the last month..

[Crazyhorse]

Circa £15m is the figure l was told

That’s a big increase from last year 👍

[greenginger]

https://hesportal.maps.arcgis.com/apps/Viewer/index.html?appid=18d2608ac1284066ba3927312710d16d

Listed buildings can be searched by zooming into this map - the ticket office isnt recorded, but the church is.

I’ve checked McLeod Street and Budge’s glass wall isn’t listed .

Must be some mistake. :greengrin

[Bridge hibs]

I’ve checked McLeod Street and Budge’s glass wall isn’t listed .

Must be some mistake. :greengrinMore chance of Budge being listed 🫢

[mixumatosis]

Hearts hotel may be a smart enough business decision but it’s no game changer. Even at full occupancy and it costs nothing at all to run it or build it, it would only bring in £1.3m. That’s assuming they can charge £150 a night.
Reality is, if it can profit about £150k a year they will be doing pretty well.
If they want to go onto the hotel business there are probably better properties available to buy.
They might get a govt contract for asylum seekers I suppose.

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I was just having a look at what they are charging for the weekend of the first home 6 nations fixture, to get an idea of the maximum they might be able to charge. Their "top end" Roseburn Executive rooms are going for £405 a night. For £10 more you can stay at the Bonham in a Deluxe King room:

27533

If it's run right it should net them a few quid instead of it being an empty space 90% of the time that costs them money instead - meh. But it's Hearts, so it'll be run by bandits and turn into an absolute money sinkhole.

[GloryGlory]

That’s a big increase from last year 👍

Yes - especially since we got knocked out both cups early. I suppose the new hospitality facilities gave the turnover a big boost, as did the Doig transfer.

[CropleyWasGod]

Our latest turnover figure was £15m stated by Ben at a business lunch on the last month..

I read it as "current" rather than last year's.

[VoltaireHibs]

[QUOTE=Ozyhibby;7532484]Hearts hotel may be a smart enough business decision but it’s no game changer. Even at full occupancy and it costs nothing at all to run it or build it, it would only bring in £1.3m. That’s assuming they can charge £150 a night.
Reality is, if it can profit about £150k a year they will be doing pretty well.
If they want to go onto the hotel business there are probably better properties available to buy.
They might get a govt contract for asylum seekers I suppose.

This all day long. I used to work in hotels and they'll have peaks and troughs like any hotel in Edinburgh. The idea that this will add any kind of significant sums of dosh to their transfer budget is laughable. It absolutely reeks of an ego boost for Budge etc. I'd go as far as to say that if they aren't careful it will draw funds from their transfer budget. Hotels are great when going well, you can make a lot of money, but that depends upon scale and prestige. This place has neither of those things. Also, it's probably the farthest hotel from the city centre in Edinburgh, there's a reason for that.

[Corstorphine Hibby]

I was just having a look at what they are charging for the weekend of the first home 6 nations fixture, to get an idea of the maximum they might be able to charge. Their "top end" Roseburn Executive rooms are going for £405 a night. For £10 more you can stay at the Bonham in a Deluxe King room:

27533

If it's run right it should net them a few quid instead of it being an empty space 90% of the time that costs them money instead - meh. But it's Hearts, so it'll be run by bandits and turn into an absolute money sinkhole.

They'll be arrogantly assuming (correctly) that the powers that be, will not be inconveniencing them by having a home game at Tynecastle on the same day that Scotland play egg chasing at Murrayfield.

[Hibbyradge]

They'll be arrogantly assuming (correctly) that the powers that be, will not be inconveniencing them by having a home game at Tynecastle on the same day that Scotland play egg chasing at Murrayfield.

Why would that affect the windowless hotel?

[Ozyhibby]

They'll be arrogantly assuming (correctly) that the powers that be, will not be inconveniencing them by having a home game at Tynecastle on the same day that Scotland play egg chasing at Murrayfield.

Pretty sure that already happens.


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[stuart-farquhar]

https://hesportal.maps.arcgis.com/apps/Viewer/index.html?appid=18d2608ac1284066ba3927312710d16d

Listed buildings can be searched by zooming into this map - the ticket office isnt recorded, but the church is.

Edinburgh is missing.

[Hibs4185]

Listed buildings can be knocked down if the powers that be agree.

If it is listed, it’s not exactly significant historically.

Don’t think it is getting knocked down though

[HoboHarry]

Edinburgh is missing.

FFS. Who lost it?

[Haymaker]

£6m? That'll get is Griffiths back and potentially Cummings.

[007]

She is an imbecile and a fantasist, there will be no profits, this thing will overrun on cost and schedule, open late, they will forget to order the beds, it will be run by Ian Black and nobody will want to stay there after the initial novelty value wears off,unless it's some inbred off yakbak who wants to show his sister a good time for her birthday. Just give Naebadges the money you will waste on the hotel to spend on players, no? Ah maybe it's how the big clubs do it, Jim Radcliffe about to spend all his money for players on a 20 bedroom hotel instead...

Nae windows = no profits = no new mega signings = no ****ing clue.

Talk in the article of bringing in a £1m and a heftier profit down the line also saying a budget of over £1m and additional hospitality revenue.
All carefully worded by dropping in £1m and profit closely together without actually saying net profit of £1m. The way it is worded it could mean turnover of £1m but net profit of £1 and therefore profit down the line of only £10k would be considered heftier.

She's gaslighting the fans as usual because they always buy it hook, line and sinker. They missed their chance at the AGM to tell her to cut the crap going on about £1m + being how much they'll make and to tell them the actual bottom line forecast net profit and how much will go back into the transfer budget. Plus how much the spend on the hotel has been. Does anyone know any of the donors (or Heart of Midlothian FC co-owners as they like to call themselves on their social media profiles) that know this information? Probably not. As co-owners they should know it.

Reckon she's only interested in growing the turnover so she can get more for her 17.4% when she exits.

[Col2]

Talk in the article of bringing in a £1m and a heftier profit down the line also saying a budget of over £1m and additional hospitality revenue.
All carefully worded by dropping in £1m and profit closely together without actually saying net profit of £1m. The way it is worded it could mean turnover of £1m but net profit of £1 and therefore profit down the line of only £10k would be considered heftier.

She's gaslighting the fans as usual because they always buy it hook, line and sinker. They missed their chance at the AGM to tell her to cut the crap going on about £1m + being how much they'll make and to tell them the actual bottom line forecast net profit and how much will go back into the transfer budget. Plus how much the spend on the hotel has been. Does anyone know any of the donors (or Heart of Midlothian FC co-owners as they like to call themselves on their social media profiles) that know this information? Probably not. As co-owners they should know it.

Reckon she's only interested in growing the turnover so she can get more for her 17.4% when she exits.

Totally agree. I read the agm thread on kickback as it was a hoot. One additional point made by Budge but not come out much was…

Budge suggested the next project would be significant stadium work eg Westfield stand. This got them excited thinking bigger capacity but they realise there was no space behind the stand. It’s clear this is the next Budge ego trip project. My guess is it will be revamped to include hospitality boxes or similar. Lots for opportunity to spend the fans cash on another venture….

So the hotel by early 2024 and on to the next adventure to keep Budge busy, remember it’s HER club. Don’t anyone forget that. 😀

[Aubenas]

Thought it was the Church just over from it that is listed rather than the ticket office? The building itself seems fairly small and unremarkable (not sure of it's history and why it would be listed?) so I'd be surprised if it was indeed listed.

The ticket office was the techie dept of Norton Park Junior Secondary School. Pretty sure the main building is listed, not so sure about the annexe. .


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[Forza Fred]

[QUOTE=Ozyhibby;7532484]Hearts hotel may be a smart enough business decision but it’s no game changer. Even at full occupancy and it costs nothing at all to run it or build it, it would only bring in £1.3m. That’s assuming they can charge £150 a night.
Reality is, if it can profit about £150k a year they will be doing pretty well.
If they want to go onto the hotel business there are probably better properties available to buy.
They might get a govt contract for asylum seekers I suppose.

This all day long. I used to work in hotels and they'll have peaks and troughs like any hotel in Edinburgh. The idea that this will add any kind of significant sums of dosh to their transfer budget is laughable. It absolutely reeks of an ego boost for Budge etc. I'd go as far as to say that if they aren't careful it will draw funds from their transfer budget. Hotels are great when going well, you can make a lot of money, but that depends upon scale and prestige. This place has neither of those things. Also, it's probably the farthest hotel from the city centre in Edinburgh, there's a reason for that.

It’s the closest hotel to Saughton Prison though so will come in handy for, and get business from those out of town visitors meeting up with one of their relatives or friends

[Nicho87]

Anyone else concerned that the corrupt SFA will deny Hibs this investment

[Crunchie]

Anyone else concerned that the corrupt SFA will deny Hibs this investment
No

[Joe6-2]

Anyone else concerned that the corrupt SFA will deny Hibs this investment

How long does it take to make what is surely an easy decision?
How often do they meet?

[JohnM1875]

Anyone else concerned that the corrupt SFA will deny Hibs this investment

Of course, it’s the SFA after all. Just can’t see them approving it.

[Nicho87]

How long does it take to make what is surely an easy decision?
How often do they meet?

That’s what I mean

I just worry the longer the wait the less likely good news

Fingers crossed

But the boy who had links with Edinburgh city this week shared a small opinion on the matter saying don’t be surprised if the hibs investment is declined.

Sfa not wanting anything to upset the uglies is clearly the number one priority here

[bingo70]

That’s what I mean

I just worry the longer the wait the less likely good news

Fingers crossed

But the boy who had links with Edinburgh city this week shared a small opinion on the matter saying don’t be surprised if the hibs investment is declined.

Sfa not wanting anything to upset the uglies is clearly the number one priority here

That boy who posted that from Edinburgh City was talking pish though. Full of inaccuracies and some out and out lies. Anything he said can be ignored IMO.

I know some people are worried about the SFA but I’m not, I think it’s a formality.

[Greenworld]

Wasn’t the FF internal space going to be given over to an NHS clinic or drop in centre during LD’s time?Yes that was muted also there were plans down up for for that but it never happened. Was a strange one [emoji848]

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[PatHead]

Yes that was muted also there were plans down up for for that but it never happened. Was a strange one [emoji848]

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Sure the NHS were paying rent for it at one stage.

[Greenworld]

Sure the NHS were paying rent for it at one stage.They were by all accounts it was signed off then went dead. It was really strange .
There were other plans drawn up as I said and a small hotel on the upper floor was looked at with windows and a view to the forth amazing .
There's so much that can be done with that space without costing too much .

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[Bridge hibs]

That boy who posted that from Edinburgh City was talking pish though. Full of inaccuracies and some out and out lies. Anything he said can be ignored IMO.

I know some people are worried about the SFA but I’m not, I think it’s a formality.I see 777 Partners are ready to buy Everton, another company with multi club connections, are the multi club ownership rules different in England ?

777 Partners is an American private investment company based in Miami. Founded in 2015, it has acquired several soccer teams such as Genoa C.F.C. in Italy, Standard Liège in Belgium, Red Star F.C. in France, CR Vasco da Gama in Brazil, and Hertha BSC in Germany

[Golden Bear]

Yes that was muted also there were plans down up for for that but it never happened. Was a strange one [emoji848]

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I never thought that "Behind the Goals" was as bad as some fans made it out to be. At one time it was a convenient and convivial pre match watering hole for many but the service gradually went into decline and the final straw for my group was when they stopped entry after 1.30pm.

[Greenworld]

How long does it take to make what is surely an easy decision?
How often do they meet?There's the thing they Don't even need to travel to meet the wonder of online meetings .

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[degenerated]

[QUOTE=VoltaireHibs;7532554]

It’s the closest hotel to Saughton Prison though so will come in handy for, and get business from those out of town visitors meeting up with one of their relatives or friendsSure they could rent by the hour for hook ups made at the BMC club :hilarious

[worcesterhibby]

There's the thing they Don't even need to travel to meet the wonder of online meetings .

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It's hard to eat Succulent lamb on a zoom meeting !

[degenerated]

That’s what I mean

I just worry the longer the wait the less likely good news

Fingers crossed

But the boy who had links with Edinburgh city this week shared a small opinion on the matter saying don’t be surprised if the hibs investment is declined.

Sfa not wanting anything to upset the uglies is clearly the number one priority hereThat the boy that claimed rangers were turfed out the league setting us back years and that hearts were demoted without reason?

Think I'll pass on believing his pish.

[Greenworld]

It's hard to eat Succulent lamb on a zoom meeting !This is so true the gravy train that is the sfa...

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[Greenworld]

I never thought that "Behind the Goals" was as bad as some fans made it out to be. At one time it was a convenient and convivial pre match watering hole for many but the service gradually went into decline and the final straw for my group was when they stopped entry after 1.30pm.Behing the goals was a great success ruined by further lack of investment. The only thing was between games it was not used enough . I'm thinking the current owners / investors will get that sorted and making hibs money

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[eastmainsmsh]

That’s what I mean

I just worry the longer the wait the less likely good news

Fingers crossed

But the boy who had links with Edinburgh city this week shared a small opinion on the matter saying don’t be surprised if the hibs investment is declined.

Sfa not wanting anything to upset the uglies is clearly the number one priority here

If it is Declined then questions must be asked of Hearts and Andersons input

[Aldo]

I was just having a look at what they are charging for the weekend of the first home 6 nations fixture, to get an idea of the maximum they might be able to charge. Their "top end" Roseburn Executive rooms are going for £405 a night. For £10 more you can stay at the Bonham in a Deluxe King room:

27533

If it's run right it should net them a few quid instead of it being an empty space 90% of the time that costs them money instead - meh. But it's Hearts, so it'll be run by bandits and turn into an absolute money sinkhole.

Yeah but the Bonham doesn’t have Emperor size beds and GHD’s you can borrow.

[ancient hibee]

There's the thing they Don't even need to travel to meet the wonder of online meetings .

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What makes you think the club has put in a final proposal yet?

[MikeyS]

You guys don't know what you are talking about with regards to just how much money they are going to rake in......

The most in the know Know-It-All, Sooks, from kickback has assured the masses that this will bring them untold riches! 😂

[Bostonhibby]

You guys don't know what you are talking about with regards to just how much money they are going to rake in......

The most in the know Know-It-All, Sooks, from kickback has assured the masses that this will bring them untold riches! [emoji23]The sort of expertise this guy regularly demonstrates surely means he is going to be the natural choice to run the hotel for them and generate all the money he prophecises.

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[Eyrie]

The sort of expertise this guy regularly demonstrates surely means he is going to be the natural choice to run the hotel for them and generate all the money he prophecises.

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27535

[MikeyS]

The sort of expertise this guy regularly demonstrates surely means he is going to be the natural choice to run the hotel for them and generate all the money he prophecises.

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A Granny Budge lackie if ever I saw one!

[007]

How long does it take to make what is surely an easy decision?
How often do they meet?

The last I read was that Hibs will submit a formal request in the new year which suggests that it isn't yet sitting with the SFA for them to formally decide upon. So far there have been discussions which have reportedly went well. You'd therefore have to assume they've talked over the key aspects of the deal and the SFA have given verbal approval based on what's been discussed and said to now submit it formally. As long as the formal request matches what was outlined to SFA then it should be approved. If the meeting(s) had ended with the SFA being unhappy with the proposal then Hibs would have been told to either forget it or to have a rethink to address the concerns then come back for further discussion. This is assuming the report that Hibs are to now submit a formal request is correct.

[Bostonhibby]

A Granny Budge lackie if ever I saw one!All you need to run the hotel is a big opinion of yourself and a blazer with a breast pocket full of biro's so he should be okay.

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[Smartie]

That boy who posted that from Edinburgh City was talking pish though. Full of inaccuracies and some out and out lies. Anything he said can be ignored IMO.

I know some people are worried about the SFA but I’m not, I think it’s a formality.

Nothing would surprise me but it would be a very bad look for the Scottish football authorities if they were seen to be standing in the way of people who were prepared to pump fairly significant sums of money into our game without any real head choppy baggage or the like.

I’m one of those who is actually quite cynical about second teams in our league and thought the Jambo imbecile made some rare, fair points but in spite of that I still don’t think this is something that should be prevented.

[Since90+2]

I ran a very similar sized aparthotel in the city centre and it made circa £300,000 profit a year but our average rate was about £70/£80 higher than what Hearts probably will be.

If they make £200,000 profit a year off it they'll be doing well. That's if it's ran correctly, if not it will yield virtually nothing.

[Hibs4185]

[QUOTE=Forza Fred;7532657]Sure they could rent by the hour for hook ups made at the BMC club :hilarious

Hope not, my mum goes to the BMC 🤣

[degenerated]

[QUOTE=degenerated;7532752]

Hope not, my mum goes to the BMC [emoji1787]:greengrin

[Joe6-2]

The last I read was that Hibs will submit a formal request in the new year which suggests that it isn't yet sitting with the SFA for them to formally decide upon. So far there have been discussions which have reportedly went well. You'd therefore have to assume they've talked over the key aspects of the deal and the SFA have given verbal approval based on what's been discussed and said to now submit it formally. As long as the formal request matches what was outlined to SFA then it should be approved. If the meeting(s) had ended with the SFA being unhappy with the proposal then Hibs would have been told to either forget it or to have a rethink to address the concerns then come back for further discussion. This is assuming the report that Hibs are to now submit a formal request is correct.

Cheers for that

[Billy Whizz]

Kieran Macguire on Sportsound just after 2pm
Seemingly knows how Foleys empire works, and will tell Hibs fans what to expect

[Northernhibee]

Considering the size of the list of companies shafted by them post Romanov, I’m surprised they’ve not named the hotel Defawlty Towers

[GloryGlory]

Kieran Macguire on Sportsound just after 2pm
Seemingly knows how Foleys empire works, and will tell Hibs fans what to expect

Sportsound on a trawl for someone to do a hatchet job?

[VoltaireHibs]

I ran a very similar sized aparthotel in the city centre and it made circa £300,000 profit a year but our average rate was about £70/£80 higher than what Hearts probably will be.

If they make £200,000 profit a year off it they'll be doing well. That's if it's ran correctly, if not it will yield virtually nothing.

Yup, I was Night Manager in a very high end boutique hotel, the highest end I would say. We still had quiet spells but our lack of occupancy was always covered by the F&B take as the restaurant and private dining rooms were the main money earners. If they don't run a tight ship the staff costs will kill their profits, and even taking off my green tinted specs, why would you go there? Jambo's aside I cannot see the attraction for anyone coming to Edinburgh and staying there, on that utter keech-hole of a street. It's Budge's toy, she'll have mates staying for nothing, giving it Lady Bountiful etc, and I cannot wait to see the accounts for the first year.

[VoltaireHibs]

Considering the size of the list of companies shafted by them post Romanov, I’m surprised they’ve not named the hotel Defawlty Towers

Bravo!:not worth

[1van Sprou7e]

Kieran Macguire on Sportsound just after 2pm
Seemingly knows how Foleys empire works, and will tell Hibs fans what to expect

This happened yet?

[Since90+2]

Yup, I was Night Manager in a very high end boutique hotel, the highest end I would say. We still had quiet spells but our lack of occupancy was always covered by the F&B take as the restaurant and private dining rooms were the main money earners. If they don't run a tight ship the staff costs will kill their profits, and even taking off my green tinted specs, why would you go there? Jambo's aside I cannot see the attraction for anyone coming to Edinburgh and staying there, on that utter keech-hole of a street. It's Budge's toy, she'll have mates staying for nothing, giving it Lady Bountiful etc, and I cannot wait to see the accounts for the first year.

I'd imagine it will be full every Hearts home game and they'll do reasonably well to begin with as Hearts fans will stay as a one off.

Once the novelty wears off though I'd imagine they'll occupancy will toil midweek, as you mention why would tourists (99% who don't care about Scottish football) want to stay in that location when there's literally hundreds of accommodation options in the city centre.

Its got a tiny room stock and looking at their prices the revpar will be relatively small. As a said from prior experience it will do absolute max profit of £200k per year, a very good chance less than that. Economies of scale and F&B outlets are where hotels make big profit. They have neither of them.

[Billy Whizz]

This happened yet?

Coming on now

[Ronniekirk]

Coming on now
Never heard it Billy Anything of substance mentioned

[greenlex]

Never heard it Billy Anything of substance mentioned
Absolutely nothing said of note. Stating the. Bleeding obvious. We got about a minute after they discussed the ramifications of the non starting Super leagues on the old firm with him.

[Billy Whizz]

Absolutely nothing said of note. Stating the. Bleeding obvious. We got about a minute after they discussed the ramifications of the non starting Super leagues on the old firm with him.

Not too much, but he said Hibs wage budget was that of a top 8 side in League one
Also he said that Foley put the prices up at Bournemouth as they only have a small stadium

[JohnM1875]

Not too much, but he said Hibs wage budget was that of a top 8 side in League one
Also he said that Foley put the prices up at Bournemouth as they only have a small stadium

Top eight side in league one. That’s depressing that.

[green day]

Not too much, but he said Hibs wage budget was that of a top 8 side in League one
Also he said that Foley put the prices up at Bournemouth as they only have a small stadium

I have always taken what McGuire says with a pinch of salt, especially when it comes to Scottish football.

Has always struck me as a guy making a living on hearsay.

[GloryGlory]

Top eight side in league one. That’s depressing that.

The average attendance in EFL 1 ranges from Derby - about 26k - to Wigan - just over 9k. So I guess Hibs wage bill is partly an indication of the wonderful - err, I mean woeful - TV deal that the SPFL has with Sky.

[Eyrie]

Nothing would surprise me but it would be a very bad look for the Scottish football authorities if they were seen to be standing in the way of people who were prepared to pump fairly significant sums of money into our game without any real head choppy baggage or the like.

I’m one of those who is actually quite cynical about second teams in our league and thought the Jambo imbecile made some rare, fair points but in spite of that I still don’t think this is something that should be prevented.

Don't Hearts have a B team in the Lowland League?

It would be typical Jambo hypocrisy to object to Hibs linking up with a team in a foreign league when they are already denying a fellow Scottish team a place in a Scottish league.

[Billy Whizz]

I have always taken what McGuire says with a pinch of salt, especially when it comes to Scottish football.

Has always struck me as a guy making a living on hearsay.

I’ve no idea, but a quick google tells you the average wage in League one is around £4.7k
No idea what Hibs average wage is?

[Aldo]

I'd imagine it will be full every Hearts home game and they'll do reasonably well to begin with as Hearts fans will stay as a one off.

Once the novelty wears off though I'd imagine they'll occupancy will toil midweek, as you mention why would tourists (99% who don't care about Scottish football) want to stay in that location when there's literally hundreds of accommodation options in the city centre.

Its got a tiny room stock and looking at their prices the revpar will be relatively small. As a said from prior experience it will do absolute max profit of £200k per year, a very good chance less than that. Economies of scale and F&B outlets are where hotels make big profit. They have neither of them.

We are just in total and utter denial that this is the bigliest and bestest one off hotel of its kind in Edinburgh and will easily make £1million per year. From the emperor size beds and the loan of GHD’s will seal any deal.

Jealous peg selling hobos the lot of you!

[Hibs4185]

With the nae windows, I’m surprised they don’t have a submarine room type with bunk beds and no windows

[Hibbyradge]

Top eight side in league one. That’s depressing that.

Heckingbottom said we were bottom half of league one!

[Since90+2]

Towards of the top of league 1 is probably our current standard. We'd be relegated in the Championship.

[Billy Whizz]

We are just in total and utter denial that this is the bigliest and bestest one off hotel of its kind in Edinburgh and will easily make £1million per year. From the emperor size beds and the loan of GHD’s will seal any deal.

Jealous peg selling hobos the lot of you!

It’s on Booking.com now
A week day in February is around £127
The night of the derby at Tynie on 28th February is £207😂

[Aldo]

It’s on Booking.com now
A week day in February is around £127
The night of the derby at Tynie on 28th February is £207[emoji23]

Really. I think they’ll be looking in, especially at the couple of posts from folk with knowledge of that type of business and will undoubtedly reckon we are jealous and making it up. This is because QB said they’d make a million a year.

[green day]

It’s on Booking.com now
A week day in February is around £127
The night of the derby at Tynie on 28th February is £207😂

Not that I would advocate such childish behaviour, but you can get free cancellation up to 6pm on the 28th February on Booking.com.🤔

[HUTCHYHIBBY]

Not that I would advocate such childish behaviour, but you can get free cancellation up to 6pm on the 28th February on Booking.com.🤔

This amuses me. 😁

[Billy Whizz]

Not that I would advocate such childish behaviour, but you can get free cancellation up to 6pm on the 28th February on Booking.com.🤔

Ha ha
Or keeping looking and the price may go up for Jambos

[worcesterhibby]

I really, really hope nobody is childish enough on here to post lots of negative reviews on Trip Adviser and Booking.com :greengrin

[007]

I'd imagine it will be full every Hearts home game and they'll do reasonably well to begin with as Hearts fans will stay as a one off.

Once the novelty wears off though I'd imagine they'll occupancy will toil midweek, as you mention why would tourists (99% who don't care about Scottish football) want to stay in that location when there's literally hundreds of accommodation options in the city centre.

Its got a tiny room stock and looking at their prices the revpar will be relatively small. As a said from prior experience it will do absolute max profit of £200k per year, a very good chance less than that. Economies of scale and F&B outlets are where hotels make big profit. They have neither of them.

Not expecting them to make much from it, it will take decades for them to make back what they've spent on it but they'll never admit that. The best thing about it is they'll be stuck with it as it'll be unsellable.

[Just Alf]

Heckingbottom said we were bottom half of league one!Improved since he left clearly :greengrin

[greenginger]

Not expecting them to make much from it, it will take decades for them to make back what they've spent on it but they'll never admit that. The best thing about it is they'll be stuck with it as it'll be unsellable.

Lease it out as an homeless hostel or an immigrants temporary accommodation.

[Hibs4185]

Lease it out as an homeless hostel or an immigrants temporary accommodation.


That’s where the money is!

[Alex Trager]

That’s where the money is!

Tbf, that is where the money is.

Make it floating and you can treble your cash.

[Smartie]

This is all going a bit GB News.

[Hibbyradge]

This is all going a bit GB News.

They should turn it into a PPE factory.

That's where the money is.

[greenlex]

They should turn it into a PPE factory.

That's where the money is.

Michelle Mones bra drawer surely where it’s at.

[Hibbyradge]

Michelle Mones bra drawer surely where it’s at.

I think that's the same thing.

[SRHibs]

I really, really hope nobody is childish enough on here to post lots of negative reviews on Trip Adviser and Booking.com :greengrin

I'm sure the vast majority of any income the hotel generates will go towards actually running the hotel itself (staffing etc.) so I would avoid leaving bad reviews if you don't want to negatively affect the livelihoods of those earning their living there.

[MGmick]

I'm sure the vast majority of any income the hotel generates will go towards actually running the hotel itself (staffing etc.) so I would avoid leaving bad reviews if you don't want to negatively affect the livelihoods of those earning their living there.

You're absolutely right :thumbsup:

Why don't we just try and beat them at football?

[007]

I'm sure the vast majority of any income the hotel generates will go towards actually running the hotel itself (staffing etc.) so I would avoid leaving bad reviews if you don't want to negatively affect the livelihoods of those earning their living there.

Don't worry, my pre-prepared review of the windowless ****hole will never see the light of day.

[Hibs4185]

Michelle Mones bra drawer surely where it’s at.

Dr Budge range for saggy old bats

[007]

Dr Budge range for saggy old bats

https://i.ibb.co/N7YCRjZ/saggy-boobs-cartoon-2.jpg (https://imgbb.com/)

[Col2]

It’s on Booking.com now
A week day in February is around £127
The night of the derby at Tynie on 28th February is £207😂

I see they have free cancellation right up to date of arrival and also no prepayment needed. Always a risk this that they get lots of bookings which are cancelled late and can’t fill 👀🤪

[badabing67]

Are Hibs potentially taking over/investing in the HMFC hotel?

Was beginning to wonder that myself.

[RoxburghHibs]

Was beginning to wonder that myself.

Couldn’t give a hoot about Hearts hotel and no idea why it’s being discussed on this thread about Hibs potential investment.

[HUTCHYHIBBY]

Couldn’t give a hoot about Hearts hotel and no idea why it’s being discussed on this thread about Hibs potential investment.

Somebody named after a hotel posting about The Jambo Hotel, I like it!🤭😉

[RoxburghHibs]

Somebody named after a hotel posting about The Jambo Hotel, I like it!🤭😉

Hey named after the borders village not the hotel 😁

[Bridge hibs]

Hey named after the borders village not the hotel 😁

Cant find RoxburghHibs on the sat nav 😳😃

[worcesterhibby]

I'm sure the vast majority of any income the hotel generates will go towards actually running the hotel itself (staffing etc.) so I would avoid leaving bad reviews if you don't want to negatively affect the livelihoods of those earning their living there.

Well people are always posting negative reviews of hibs players on here that could negatively affect their livelihoods and i dont hear you getting all high and mighty about that.

[FitbaFolkKen]

Well people are always posting negative reviews of hibs players on here that could negatively affect their livelihoods and i dont hear you getting all high and mighty about that.

Aye because Monty isn't picking Doidge as he has 2.4 stars on Hibs Net.....

[greenpaper55]

I see Jim Ratcliffe has agreed to buy 25% of Man U shares and he already owns the French club Nice, surely if its good enough for the PL then we can do the same up here ?

[Haymaker]

I see Jim Ratcliffe has agreed to buy 25% of Man U shares and he already owns the French club Nice, surely if its good enough for the PL then we can do the same up here ?

It's the SFA...

[Onion]

I see Jim Ratcliffe has agreed to buy 25% of Man U shares and he already owns the French club Nice, surely if its good enough for the PL then we can do the same up here ?

Logic, fair play and common stops at the border.

[gbhibby]

The SFA should have nothing to do with it, as football clubs are now in most cases listed companies, so if its not against the law of the land they should be kept out of it and should not be making these restrictions which have no basis in law.

[McD]

I see Jim Ratcliffe has agreed to buy 25% of Man U shares and he already owns the French club Nice, surely if its good enough for the PL then we can do the same up here ?



Not really sure that this deal is hugely relevant when there’s already Bournemouth, Man City, Brighton and Newcastle all having owners who own/part own other clubs, Man Utd are just joining a growing list. It’s not something new for the EPL

[CropleyWasGod]

The SFA should have nothing to do with it, as football clubs are now in most cases listed companies, so if its not against the law of the land they should be kept out of it and should not be making these restrictions which have no basis in law.

Hibs aren't.

I think, in Scotland, only Celtic and Rangers are.

[gbhibby]

Crops, I should have added limited companies or plc's. The SFA should have given the green light at the recent meeting as all they needed to do was have a wee huddle afterwards and come to a decision. The SFA will probably form a sub committee to look into this then they will have to report back.

[CropleyWasGod]

Crops, I should have added limited companies or plc's. The SFA should have given the green light at the recent meeting as all they needed to do was have a wee huddle afterwards and come to a decision. The SFA will probably form a sub committee to look into this then they will have to report back.

No worries :greengrin

AIUI, though, it was left to Hibs to make the formal application after that meeting.

https://www.hibernianfc.co.uk/article/club-statement-scottish-fa-board-meeting

[gbhibby]

No worries :greengrin
Hope the SFA make a decision before the signing window closes as they are there to serve the clubs cannot see what is taking them so long. Bet if it was the uglies it would have done quicker.

[WhileTheChief..]

Crops, I should have added limited companies or plc's. The SFA should have given the green light at the recent meeting as all they needed to do was have a wee huddle afterwards and come to a decision. The SFA will probably form a sub committee to look into this then they will have to report back.

Have we even submitted a formal application to do anything yet?

I thought what we did was have a 'wee huddle', which by all accounts went well, with the next step being us submitting our request formally.

Until then, there's nothing for anyone to give a green light to.

Nobody is trying to block anything as far as I can see? It's us asking for the rules to be changed to allow it.

Presumably all the clubs, including us, agreed to the rule in the first place , however many years ago, before this was even a thing to consider for us.

[gbhibby]

Have we even submitted a formal application to do anything yet?

I thought what we did was have a 'wee huddle', which by all accounts went well, with the next step being us submitting our request formally.

Until then, there's nothing for anyone to give a green light to.

Nobody is trying to block anything as far as I can see? It's us asking for the rules to be changed to allow it.

Presumably all the clubs, including us, agreed to the rule in the first place , however many years ago, before this was even a thing to consider for us.
Why did they not ask for the formal request to be submitted at or prior to the meeting. My fear is the request will then have to go to a vote which will have to be all clubs having a vote and this taking an eternity.

[Lago]

I see Jim Ratcliffe has agreed to buy 25% of Man U shares and he already owns the French club Nice, surely if its good enough for the PL then we can do the same up here ?
Has to be approved by football authorities down south.

[Bostonhibby]

Has to be approved by football authorities down south.They nodded through the Newcastle deal with it's links to an openly murderous regime. A peer of the Realm with Ratcliffe's background is surely a formality?

Sent from my SM-A750FN using Tapatalk

[WhileTheChief..]

Why did they not ask for the formal request to be submitted at or prior to the meeting. My fear is the request will then have to go to a vote which will have to be all clubs having a vote and this taking an eternity.

Why would the SFA do that? The onus is on us. Maybe we weren't in the position to make the request and were fact finding to see what's required?

The way I see it is that Foley approached Hibs with a proposal, we've come to some sort of agreement in principle, and now need to put the wheels in motion to make it happen.

Part of this process is submitting our application to change the rules. Once that's done, the agreement can be finalised.

All seems pretty straight forward. If it takes a few more weeks or months then so be it. It could be down to any number of reasons that it doesn't happen as quickly as we'd like.

On the other hand, it might be all done and dusted, and announced on Jan 1st.

[HoboHarry]

I see Jim Ratcliffe has agreed to buy 25% of Man U shares and he already owns the French club Nice, surely if its good enough for the PL then we can do the same up here ?

The SFA has to be convinced that the uglies will benefit.

[bod]

Has to be approved by football authorities down south.

Which should take 8 weeks according to the news on 5 live

[ancient hibee]

Why did they not ask for the formal request to be submitted at or prior to the meeting. My fear is the request will then have to go to a vote which will have to be all clubs having a vote and this taking an eternity.
The club didn’t want to until they knew what the SFA will require the proposal to say. Why would clubs have a vote it’s the SFA who govern all football in Scotland.

[Iain G]

I'm sure the vast majority of any income the hotel generates will go towards actually running the hotel itself (staffing etc.) so I would avoid leaving bad reviews if you don't want to negatively affect the livelihoods of those earning their living there.

And why do we give a flying french connection about Ian Black and his multiple jobs at the BudgeInn?

[Joe6-2]

After tonight this has to happen ASAP

[Greencore]

After tonight this has to happen ASAP

I just don't see the sfa approving this.

[Joe6-2]

I just don't see the sfa approving this.

That would be no surprise

[04Sauzee]

I just don't see the sfa approving this.

Genuine question, but what could the reason be for not approving the investment?

[Greencore]

Genuine question, but what could the reason be for not approving the investment?

Because they'll want to make an example of us and not allow scottish football to progress.

They'll come out with how he (bill) would have to much of a say blah blah blah.

[Joe6-2]

Genuine question, but what could the reason be for not approving the investment?

I don’t know the ins and outs, but fear blocking it because they can, especially with a jambo having a say in the matter.
I could be totally wrong and hope I am.

[Eyrie]

Because they'll want to make an example of us and not allow scottish football to progress.

They'll come out with how he (bill) would have to much of a say blah blah blah.

If they try that then they'll have to explain how Dermond has a sizeable interest in a second club, or why they said nothing about Ashley at Sevco.

[Davy Mac]

The quicker the investment happens the better or another season is written off.

[neil7908]

The quicker the investment happens the better or another season is written off.

The money needs to go 100% to improving the squad. Infrastructure cannot be a priority for an investor right now who has the ambition for us to be 3rd consistently.

Let's get the team up the table and the extra profits from all that success can go to infrastructure.

[Carheenlea]

Even if the investment isn’t finalised by time of January window, if the thing is basically just a formality then nothing should be stopping us making a considerable move to let Montgomery start to shape the squad in the manner he desires.

We can’t afford to stand still this window.

[Scotty Leither]

The Melkerson money isn’t reliant on the proposed new investment.

It needs spent on two new creative midfielders and someone that can hold the ball upfront.

[Basildon Hibs]

I just don't see the sfa approving this.

Well, the SFA let the 'Glib and shameless liar' get Control of the ****...

[Gatecrasher]

Last night changes my mind on this, don't care of the club gets ****ed, no one else seems to care. Bring on the cash anything is better than the status quo

[NAE NOOKIE]

After last night what anybody looking to invest in this club faces will be laid bare on the 2nd of January when a 20,000 plus crowd turns into 11,000

If this investment goes ahead the aim from our new overlords to put as much into making Hibs a success as Bournemouth better be evident from the word go.

Talk is cheap, the road to hell is paved with good intentions and every other cliche you care to mention. To paraphrase the late Mr Gordon, the day they sign on the dotted line will be time for them to pony up. And that means getting poor Joe Newell some help in midfield so that Vente can play as a striker instead of a half assed midfield player. In fact get us a striker with a bit of presence while they are at it.

All this dynamic analytics and F knows all what being talked about is fine ... but identifying problems is one thing, sorting them is quite another.

Hibs don't have a derby day .. they have a sodding Groundhog day. last night just being the latest example. Something has to be done because it's sucking the bloody life out of our support, not least of all me.

[The Harp Awakes]

The quicker the investment happens the better or another season is written off.

The problem for me is that even with a £6m investment, we may have the same recruitment team making the same mistakes again over managerial and player signings.

Or will BF take charge of that side and put his own person in place who knows what they are doing?

[Gmack7]

I wonder if Briam Mcdermott will be part of the new set up

[Since452]

I wonder if Briam Mcdermott will be part of the new set up

Would anyone really notice if he left tomorrow?

[Chipper1875]

The problem for me is that even with a £6m investment, we may have the same recruitment team making the same mistakes again over managerial and player signings.

Or will BF take charge of that side and put his own person in place who knows what they are doing?

Great point. That’s my biggest concern, having money doesn’t mean we will buy good players to improve the team. Under the Gordon’s there is no strong evidence they know what they are doing

[WhileTheChief..]

Pretty sure the club have stated it's the manager who has the final say on who we bring in or let go.

Not entirely sure what BMcDs role in recruitment is, but the buck stops with NM.

That's the way it should be, and I imagine will be, once Foley's deal is done.

[ThisIsTheYear]

After last night we really need this investment…

[7Hero]

Would anyone really notice if he left tomorrow?

Who ?

[bingo70]

Who ?

Brian McDermott.

[GreenPJ]

Great point. That’s my biggest concern, having money doesn’t mean we will buy good players to improve the team. Under the Gordon’s there is no strong evidence they know what they are doing

The Gordon's have done a lot of work in terms of the overall income for the club, that in turn has attracted the intention of a would be investor, which in turn you would hope would lead to better players being considered. The team hasn't really improved under them, partly that is down to managerial churn (which they are ultimately responsible for but they, and all owners, will be very cognoscente when fans start to turn against a manager and you can't accuse them of not acting on that) but what I would say has been a positive under Monty (at least to date) is the introduction of a number of academy players into the first team squad.

We have said for years that we need to get a far better return out of the facilities that we have and having 3 youngsters consistently on the bench/getting some game time is a positive. We won't know if any of these boys (or others that are out on loan) are going to make it at us or generate some income for us to reinvest somewhere but at least they are getting some opportunity to sink or swim.

If Foley does come on board then hopefully he can provide access to people who can help assist with the recruitment process if BM is not going to be around/up to the job.

[Basildon Hibs]

The problem for me is that even with a £6m investment, we may have the same recruitment team making the same mistakes again over managerial and player signings.

Or will BF take charge of that side and put his own person in place who knows what they are doing?

👍👍

[GreenGray]

The problem for me is that even with a £6m investment, we may have the same recruitment team making the same mistakes again over managerial and player signings.

Or will BF take charge of that side and put his own person in place who knows what they are doing?

Yes, I highly doubt Foley would be comfortable putting money in for recruitment if he or someone he trusts wasn’t involved.


Sent from my iPhone using Tapatalk

[VoltaireHibs]

I wondered, earlier in this thread, if the Foley deal would be a bit like Ratcliffe at Man U, 25% and oversee all things football. It would make a fair amount of sense. But I do think it leaves big questions over Brian McDermott and NM and Sergio. Is there going to be a style of play that all the clubs in the group should try and play? And if so, is it a rigid 4-4-2? Bring it on though, anything to disrupt the status quo that we are currently enduring.

[Iain G]

Would anyone really notice if he left tomorrow?

Rather you left tomorrow!

[Nicho87]

We’re lucky to have BM

well that’s the party line anyway

[badabing67]

The Melkerson money isn’t reliant on the proposed new investment.

It needs spent on two new creative midfielders and someone that can hold the ball upfront.


What do you know about the the Melkerson money. Have we got it in one lump sum, or is it in instalments as like most other deals we have done recently.

[aberhibsfc]

Instead of spending any investment on what is likely the most modern and best Stadium/Training facilities in the country, its time to focus on raising the quality of this team.

[Bridge hibs]

Instead of spending any investment on what is likely the most modern and best Stadium/Training facilities in the country, its time to focus on raising the quality of this team.

Or we can do both

[truehibernian]

Or we can do both

That’s the plan 👍

[bingo70]

Instead of spending any investment on what is likely the most modern and best Stadium/Training facilities in the country, its time to focus on raising the quality of this team.

If you’re pumping millions into the club you can do it however you please and I’ll be extremely grateful.

If Bill Foley is wanting to put millions into the club but thinks some of it is going to be better spent on infrastructure spend then he’s perfectly entitled to request that and I’m grateful for it, if that can be along side an increased spend on the first team as well then all the better!

FWIW I think it’s a good thing a billionaire is looking to take a long term look at what he thinks will benefit the club most.

[jakeshibs]

If Foley has any sense he would go else where, no stability with us as people already shouting for Montys head, wanting new managers every couple of weeks paying compensation but then wanting to spend money on players , where do they get all this money to do everything.
Look how we treated Sir Tom Farmer who saved our club, we just wanted him to spend more and more, we need to raise more cash as fans if we want better as everyone just wants some one else to pay for it.

I am fed up watching Hibs get beat, and our team has not improved in the last 5 years but i think we need to take our medicine, recover, stop sacking managers and let him do his best, support him and if fails let him see out his contract but dont waste money we need for the recruitment. look at the gordons, they have spent more than most on hibs but buying poor players, more investment does not always mean better product

We need to sign quality, and strong players who can compete in Scottish football

rant over I apologise but hurting....

[Pagan Hibernia]

If Foley has any sense he would go else where, no stability with us as people already shouting for Montys head, wanting new managers every couple of weeks paying compensation but then wanting to spend money on players , where do they get all this money to do everything.
Look how we treated Sir Tom Farmer who saved our club, we just wanted him to spend more and more, we need to raise more cash as fans if we want better as everyone just wants some one else to pay for it.

I am fed up watching Hibs get beat, and our team has not improved in the last 5 years but i think we need to take our medicine, recover, stop sacking managers and let him do his best, support him and if fails let him see out his contract but dont waste money we need for the recruitment. look at the gordons, they have spent more than most on hibs but buying poor players, more investment does not always mean better product

We need to sign quality, and strong players who can compete in Scottish football

rant over I apologise but hurting....

Good post mate. I agree with a lot of it.

Used to annoy the hell out of me hearing hibs fans moaning about money being spent on the stadium and training facilities rather than the team

[Paulie Walnuts]

If Foley has any sense he would go else where, no stability with us as people already shouting for Montys head, wanting new managers every couple of weeks paying compensation but then wanting to spend money on players , where do they get all this money to do everything.
Look how we treated Sir Tom Farmer who saved our club, we just wanted him to spend more and more, we need to raise more cash as fans if we want better as everyone just wants some one else to pay for it.

I am fed up watching Hibs get beat, and our team has not improved in the last 5 years but i think we need to take our medicine, recover, stop sacking managers and let him do his best, support him and if fails let him see out his contract but dont waste money we need for the recruitment. look at the gordons, they have spent more than most on hibs but buying poor players, more investment does not always mean better product

We need to sign quality, and strong players who can compete in Scottish football

rant over I apologise but hurting....

He absolutely should not be allowed to see out his contract if he fails just so we stop sacking managers. That’s 3 years of failure just so that we can tell people we’re not trigger happy, which btw, when compared to others, we’re not all that much different.

[ScottB]

Firstly, this guy is coming in as a minority shareholder, and there’s not even been any suggestion of a Man Utd / Ineos situation where a minority party gets to call the shots.

The assumption will be, the same folk will be in charge, and that seems to be what we’ve heard thus far. Presumably Foley will have had conditions for what his money is for etc, but I suspect anyone expecting revolution, or that Hibs should be on any sort of equal standing in his mind to the club he majority owns, are probably going to be disappointed.

The Gordon’s are in charge today and will remain so until a future date where someone else, Foley or otherwise, buys them out.

Secondly, I don’t see how anything changes for the January window, even if a hefty cheque lands. You’d hope lining up new players etc isn’t done on the fly, so unless Foley has had scouts elsewhere in the group hunting for Hibs players before he’s completed the deal, I’d expect the targets to be ones identified by the existing set up.

[jeffers]

Firstly, this guy is coming in as a minority shareholder, and there’s not even been any suggestion of a Man Utd / Ineos situation where a minority party gets to call the shots.

The assumption will be, the same folk will be in charge, and that seems to be what we’ve heard thus far. Presumably Foley will have had conditions for what his money is for etc, but I suspect anyone expecting revolution, or that Hibs should be on any sort of equal standing in his mind to the club he majority owns, are probably going to be disappointed.

The Gordon’s are in charge today and will remain so until a future date where someone else, Foley or otherwise, buys them out.

Secondly, I don’t see how anything changes for the January window, even if a hefty cheque lands. You’d hope lining up new players etc isn’t done on the fly, so unless Foley has had scouts elsewhere in the group hunting for Hibs players before he’s completed the deal, I’d expect the targets to be ones identified by the existing set up.

Exactly how I see it.

Not expecting the investment to be done in time for the January window.

[Hibees1973]

Most of the posts on here are from people who only see the £ signs.

With the Gordon's and Kensell pulling the strings at the club, does anyone have even a small inkling of doubt that the Foley money is in the club's best interest. What does this guy want and what are his ultimate plans.

Must admit I have misgivings regarding this investment.

The Gordon's, Kensell and Foley have no real attachment to Hibs apart from money.

I also had doubts when the Gordon's came in. Apart from some decent hospitality, a nice pitch and the TV screens in the stadium nothing much has changed on the surface. The team on the park is certainly not any better.

[Tommy75]

Or we can do both

Not for me unless Foley is throwing silly money at us. Playing squad should be where all the cash goes until we have a competitive squad.

[truehibernian]

Not for me unless Foley is throwing silly money at us. Playing squad should be where all the cash goes until we have a competitive squad.

I think the view is that to be the 3rd force in Scotland then “silly money” isn’t required, just very targeted and strategic recruitment with funds present to facilitate that outcome. And I agree. The mere fact funds will definitely be there (as well as a working model between group clubs) if and when required is the vital component.

[Lago]

If Foley has any sense he would go else where, no stability with us as people already shouting for Montys head, wanting new managers every couple of weeks paying compensation but then wanting to spend money on players , where do they get all this money to do everything.
Look how we treated Sir Tom Farmer who saved our club, we just wanted him to spend more and more, we need to raise more cash as fans if we want better as everyone just wants some one else to pay for it.

I am fed up watching Hibs get beat, and our team has not improved in the last 5 years but i think we need to take our medicine, recover, stop sacking managers and let him do his best, support him and if fails let him see out his contract but dont waste money we need for the recruitment. look at the gordons, they have spent more than most on hibs but buying poor players, more investment does not always mean better product

We need to sign quality, and strong players who can compete in Scottish football

rant over I apologise but hurting....
Well said 👌

[ScottB]

Not for me unless Foley is throwing silly money at us. Playing squad should be where all the cash goes until we have a competitive squad.

Or Foley wants great facilities for the groups prospects to train at before they move up the ladder?

Having a better squad is more of a side effect of what the club group wants; players being good enough to move up a rung to the next club. I doubt we’d do something like go blow the money on a bunch of late 20’s / early 30’s guys who’d improve our first team but go no further.

Under it all, does a billionaire with umpteen clubs across multiple sports really care if one he part owns finishes third in a league with prize money he could probably find down the back of his couch? I’m not buying it. The value is us being a development school for young prospects and guys who need to meet work permit rules in England. Investing in East Mains and ER makes sense through that lens.

[Unseen work]

I personally would spend any more money on the training facilities right now.

They’re still far better than most in the country and alot of English teams down south.

Our squad is in serious need of quality and also depth, players will come here based on what is said to them plus the salary we offer. Us upgrading our training facilities even more would have little to no impact imo if we’re not paying them money.

If we invest serious money this January( if it’s through in time) and secure third we will then get the huge amount of money from Europe, then we would consider upgrading bits here and there aswell as strengthening our squad again.

We need quality - quality players want money.

Having an absolutely outstanding training facility won’t change how good the players we have are.

[thebausburst]

Spending more cash on training facilities is the biggest white elephant, we’ve spent a relative fortune on what we’ve got compared to the rest of the SPL (bar the obvious two) had it in place for years and with a fairly meagre return to show for it imo in terms of producing first team players. Also, Hibs outgoings running effectively 2 stadiums must be pretty high, I just don’t think it’s financially worth it. First team squad investment is what’s desperately needed and where a potential return is in terms of 3rd place / Euro cash, not pumping more money into the training ground.

[Smartie]

I think we’ve got to careful assuming that all these folk who are buying or investing in Hibs want the same thing as us, they probably don’t.

We want sporting success but they’ll want anything from something to make money from to something to use to massage their ego or to launder money through.

I’m afraid I just don’t get romantic about rich people getting involved in Scottish football clubs.

What money is spent on will relate to whatever the person putting the money in wants for their money.

[truehibernian]

Spending more cash on training facilities is the biggest white elephant, we’ve spent a relative fortune on what we’ve got compared to the rest of the SPL (bar the obvious two) had it in place for years and with a fairly meagre return to show for it imo in terms of producing first team players. Also, Hibs outgoings running effectively 2 stadiums must be pretty high, I just don’t think it’s financially worth it. First team squad investment is what’s desperately needed and where a potential return is in terms of 3rd place / Euro cash, not pumping more money into the training ground.

I wish people would see the bigger picture here. Yes, first team investment will happen - but to augment that, bringing in better players will require better sports science, better medical, a fully functioning indoor full size pitch etc. Additionally being progressive the money will be channeled down all age groups and the Academy structure and have a community focus also. Please don’t let one bad defeat cloud judgement and see the far bigger picture here. It sounds a very carefully planned investment to me, which will absolutely focus on first team above all, but also have very progressive future planning. If given the green light of course. It’s very exciting.

[Greencore]

I wish people would see the bigger picture here. Yes, first team investment will happen - but to augment that, bringing in better players will require better sports science, better medical, a fully functioning indoor full size pitch etc. Additionally being progressive the money will be channeled down all age groups and the Academy structure and have a community focus also. Please don’t let one bad defeat cloud judgement and see the far bigger picture here. It sounds a very carefully planned investment to me, which will absolutely focus on first team above all, but also have very progressive future planning. If given the green light of course. It’s very exciting.

Any idea the deadline of the sfa's decision?

[Real Emerald]

I wish people would see the bigger picture here. Yes, first team investment will happen - but to augment that, bringing in better players will require better sports science, better medical, a fully functioning indoor full size pitch etc. Additionally being progressive the money will be channeled down all age groups and the Academy structure and have a community focus also. Please don’t let one bad defeat cloud judgement and see the far bigger picture here. It sounds a very carefully planned investment to me, which will absolutely focus on first team above all, but also have very progressive future planning. If given the green light of course. It’s very exciting.

I just wish the promised land would appear before I pop my clogs. It’s been waiting for the investment to work for years. And here we are behind Kilmarnock and St Mirren, it never f ends.

[CropleyWasGod]

Any idea the deadline of the sfa's decision?

We don't know whether Hibs have submitted the formal application yet.

[truehibernian]

Any idea the deadline of the sfa's decision?

Presentation has been made mate and from what I heard it was received positively- no idea on a decision date sadly.