Potential takeover/new investor?

[Not In The Know]

Direct Debit FC fans getting a bit touchy on social media


Haha!

They basically have to pay a monthly subscription to be a hearts fan, we get Hibs for free! SUCKERS!!!

[CropleyWasGod]

I’ve been thinking about the method of investing. Is it a possibility that the club in exchange for the £6million will issue Foley/BlackKnights with undated,redeemable loan stock(possibly with an option to convert to shares in the future).This will mean that the deal can be set up without any effect on the existing share holdings. Per haps one of our financial whizz kids would comment.

It's a possibility, which I think was raised before.

3 things, though:-

1. it's debt, which will probably come at a price.

2. what happens after the initial £6m? More debt?

3. as things stand, there is a ceiling of 29.99% on the BKs' shareholding. I don't think there's a lot of room to convert even £6m of loan stock to shares.

[Paulie Walnuts]

It's a possibility, which I think was raised before.

3 things, though:-

1. it's debt, which will probably come at a price.

2. what happens after the initial £6m? More debt?

3. as things stand, there is a ceiling of 29.99% on the BKs' shareholding. I don't think there's a lot of room to convert even £6m of loan stock to shares.

I must say, your posts don’t give off the most positive impression of this takeover and as probably the most knowledgeable person on this board of these type of things, that’s a bit of a concern!

I said ages ago when people were being slaughtered for having concerns about this that they seemed more than reasonable concerns to have. I don’t think anything we’ve heard so far changes that.

That being said, im fine with the gamble. The status quo is so dull.

[MacBean]

It's a possibility, which I think was raised before.

3 things, though:-

1. it's debt, which will probably come at a price.

2. what happens after the initial £6m? More debt?

3. as things stand, there is a ceiling of 29.99% on the BKs' shareholding. I don't think there's a lot of room to convert even £6m of loan stock to shares.

If that debt is to Black Knights though, I’d suspect it’d be at a nominal, or perhaps even zero cost

[CropleyWasGod]

I must say, your posts don’t give off the most positive impression of this takeover and as probably the most knowledgeable person on this board of these type of things, that’s a bit of a concern!

I said ages ago when people were being slaughtered for having concerns about this that they seemed more than reasonable concerns to have. I don’t think anything we’ve heard so far changes that.

That being said, im fine with the gamble. The status quo is so dull.

I'm neither positive or negative..... the splinters in my erse from sitting on this fence are taking their toll :greengrin

Like most people, I know diddley-squat about the minutiae of the deal. Until I do, I have no opinion.

That said, I suppose I'm dampening down any (possibly unrealistic) green-tinted visions of the riches that are allegedly coming our way.

[Kato]

Haha!

They basically have to pay a monthly subscription to be a hearts fan, we get Hibs for free! SUCKERS!!!Don't you know that their model of fan ownership is the envy of every sports club and support world wide and is seen as a radical, modern route for footballing advancement? (in their heads)

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[MelbourneHibees]

If that debt is to Black Knights though, I’d suspect it’d be at a nominal, or perhaps even zero cost

So like, we would owe it to ourselves?

[Aldo]

Don't you know that their model of fan ownership is the envy of every sports club and support world wide and is seen as a radical, modern route for footballing advancement? (in their heads)

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Everything has to be portrayed as the bestest and bigliest and if they say it enough they might even beLIEve

[Paulie Walnuts]

I'm neither positive or negative..... the splinters in my erse from sitting on this fence are taking their toll :greengrin

Like most people, I know diddley-squat about the minutiae of the deal. Until I do, I have no opinion.

That said, I suppose I'm dampening down any (possibly unrealistic) green-tinted visions of the riches that are allegedly coming our way.

Absolutely :agree:

Think a lot of folk have got far too far ahead of themselves with this. Until we have more details there’s so many ways this could go.

[ancient hibee]

Absolutely :agree:

Think a lot of folk have got far too far ahead of themselves with this. Until we have more details there’s so many ways this could go.
Yes. If somehow we are “given”£6million a year we would only be upside with what Hearts get on top of normal income. The best side for us may be the cheap arrival of much better players.

[VoltaireHibs]

This is where I'm at with it for now. Hearts have shown that an extra 5+ million each season doesn't make too much of a difference.

I see this as, at least, leveling the playing field and giving us access to a higher quality of player through loans from Bournemouth. Exciting times, none the less! 😁

But what did Hearts spend it on? A dungeon masquerading as a hotel? I don't think their squad is especially expensive and well paid. Shankland, Gordon...outside that I don't see who they're paying big bucks too?

[nonshinyfinish]

So like, we would owe it to ourselves?No, I think what the poster is suggesting is that it would be on very favourable terms, like the low/no interest loans we've had from Farmer in the past. It's still money owed to someone else.

[VoltaireHibs]

I’ve been thinking about the method of investing. Is it a possibility that the club in exchange for the £6million will issue Foley/BlackKnights with undated,redeemable loan stock(possibly with an option to convert to shares in the future).This will mean that the deal can be set up without any effect on the existing share holdings. Per haps one of our financial whizz kids would comment.

If we take Foley's words at face value, and I have no idea why we wouldn't, he has no reason to lie given he's worth 1.6 billion or whatever, I think there will be various ways he funnels money into the club and I don't think he's looking for much in return other than a good club to send players to for a variety of reasons. I see no situation where Foley demands money back etc. As the man himself said, 'This is just a fun thing to do.'

They'll already know what rules can be bent to shovel money into the club. The whole thing would be a bit pointless if they didn't.

I think it would be more realistic to call him a Sweetheart Investor. This isn't a big deal for him, which suits us just fine.

[Kato]

Everything has to be portrayed as the bestest and bigliest and if they say it enough they might even beLIEveHaven't you noticed the vast increase in UFO activity recently? They are here to study the wildly pompous, important biggliness of the unique FOH model of club ownership. Its only a matter of weeks until the scientists twig.

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[hibsforeurope]

Lorient and Bournemouth are both with Umbro. Wonder if that’s who we’ll go with once we’re done with crappy Joma in the summer.

Bournemouth's Umbro deal runs until Summer 2026, i wonder if we'll get a short term deal with them and the group will look at a new deal as a whole at that point.

[Aldo]

Haven't you noticed the vast increase in UFO activity recently? They are here to study the wildly pompous, important biggliness of the unique FOH model of club ownership. Its only a matter of weeks until the scientists twig.

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[emoji1787][emoji1787]

[whiskyhibby]

It's a possibility, which I think was raised before.

3 things, though:-

1. it's debt, which will probably come at a price.

2. what happens after the initial £6m? More debt?

3. as things stand, there is a ceiling of 29.99% on the BKs' shareholding. I don't think there's a lot of room to convert even £6m of loan stock to shares.


For point 3 - I don’t see why not , in the last 20 years The Rangers must have issued about 3 Billion additional shares with all the top up investment they require each year……

[SHODAN]

https://i.imgur.com/tm6MmUn.jpeg

[CropleyWasGod]

For point 3 - I don’t see why not , in the last 20 years The Rangers must have issued about 3 Billion additional shares with all the top up investment they require each year……

The situations are different, as RFC don't have the same dual-ownership issues.

The SFA have put a ceiling on the holding that the BKs can have. If the initial investment is £6m, as a loan, converting that to shares would probably reach, if not breach, that ceiling. That would leave little room for any further loans to be converted to shares.

[007]

But what did Hearts spend it on? A dungeon masquerading as a hotel? I don't think their squad is especially expensive and well paid. Shankland, Gordon...outside that I don't see who they're paying big bucks too?

😂

Be fair, it's a pimped up dungeon.

[mutley]

I’m will Say that I am very happy that this has gone through, but will admit that I have no idea how it will work in the long term.

With the Hibs tinted specs on, we have heard “6 Mil ‘initial’ investment “ and also “millions will be available for transfers”.

Now that could be interpreted in loads of ways , for me it’s a “here’s a cheeky 6 Mil now with loads more to come”

It might mean several Mil every year, but also might not !


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[Kato]

I’m will Say that I am very happy that this has gone through, but will admit that I have no idea how it will work in the long term.

With the Hibs tinted specs on, we have heard “6 Mil ‘initial’ investment “ and also “millions will be available for transfers”.

Now that could be interpreted in loads of ways , for me it’s a “here’s a cheeky 6 Mil now with loads more to come”

It might mean several Mil every year, but also might not !


Sent from my iPhone using Tapatalk ProI'm not even counting money. Obviously cash will be available but the benefits of hooking up with such a group will be broader than just money.

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[Springbank]

The situations are different, as RFC don't have the same dual-ownership issues.

The SFA have put a ceiling on the holding that the BKs can have. If the initial investment is £6m, as a loan, converting that to shares would probably reach, if not breach, that ceiling. That would leave little room for any further loans to be converted to shares.

Of course, Rangers owners in the past owned shares in Arsenal too, but the SFA didnt seem to exercise much scrutiny when the postcode began with a G

[ruthven_raiders]

I'm not even counting money. Obviously cash will available but the benefits of hooking up with such a group will be broader than just money.

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Yeh discounting any cash for players, it's the increased revenue thru sponsorship deals, new ideas, technical side of recruitment all that will be upgraded. Also survey sent out last couple days is obviously looking to improve food facilities and hospitality in FFS......

[Fanforlife]

Dont think we should be involved with this charlatan, would prefer to listen to our all knowing friends from across the city,after all they only have our best interests in mind. Foley being a shareholder at Hibs is him only acting for detriment of Hibs,guy has no intention of becoming part of a successful club and has harboured ambitions of destroying us for decades, remember them across the city have had a totally different experience with mad vlad so they must be correct, All hail Sooks and his followers, where would we be without them.🤣

[hibsforeurope]

Yeh discounting any cash for players, it's the increased revenue thru sponsorship deals, new ideas, technical side of recruitment all that will be upgraded. Also survey sent out last couple days is obviously looking to improve food facilities and hospitality in FFS......

Sorry to go off topic, was this a general survey or emailed to ST holders?

[ruthven_raiders]

Sorry to go off topic, was this a general survey or emailed to ST holders?

It was an email sent, guessing to season ticket holders, a couple of days ago.

[Donegal Hibby]

Anyone see this of the two Hibs fans in England when they found out about the Folly deal ? 😂
https://youtu.be/zVSEVWjFgkQ?si=iay3R-GGxQZBUsGP

[HoboHarry]

Haven't you noticed the vast increase in UFO activity recently? They are here to study the wildly pompous, important biggliness of the unique FOH model of club ownership. Its only a matter of weeks until the scientists twig.

Sent from my SM-A528B using Tapatalk
Ah that might mean Shankland was the advance alien party to check things out, would explain the shape of his heid anyway.

[VoltaireHibs]

The situations are different, as RFC don't have the same dual-ownership issues.

The SFA have put a ceiling on the holding that the BKs can have. If the initial investment is £6m, as a loan, converting that to shares would probably reach, if not breach, that ceiling. That would leave little room for any further loans to be converted to shares.

But can they loan us money and then at some point just write the loans off? As I've stated here earlier, I think Foley is at an age where he's just playing with his money, having fun and seeing what happens. Folk getting too worried about debt loaded onto Hibs. I trust Ian Gordon and Ben Kendell not to sail Hibs up the creek. So many cynics on here, sometimes people do nice things because they can.

And follow the logic path - why would they want to make money from Hibs? With their wealth? It makes zero sense in that any sums we generate would barely be pocket change to them.

[VoltaireHibs]

Ah that might mean Shankland was the advance alien party to check things out, would explain the shape of his heid anyway.

All hail the king of the Mekons!

[CropleyWasGod]

But can they loan us money and then at some point just write the loans off? As I've stated here earlier, I think Foley is at an age where he's just playing with his money, having fun and seeing what happens. Folk getting too worried about debt loaded onto Hibs. I trust Ian Gordon and Ben Kensell not to sail Hibs up the creek. So many cynics on here, sometimes people do nice things because they can.

And follow the logic path - why would they want to make money from Hibs? With their wealth? It makes zero sense in that any sums we generate would barely be pocket change to them.

1. They can, but there would be a tax charge for us.

2. That might be a hard sell to some :greengrin

[blackpoolhibs]

The situations are different, as RFC don't have the same dual-ownership issues.

The SFA have put a ceiling on the holding that the BKs can have. If the initial investment is £6m, as a loan, converting that to shares would probably reach, if not breach, that ceiling. That would leave little room for any further loans to be converted to shares.

Were they scrutinised when Ashley was part owner there, and how did the investment work? :dunno:

[Lago]

Were they scrutinised when Ashley was part owner there, and how did the investment work? :dunno:
Never quite understood that either.

[CropleyWasGod]

Were they scrutinised when Ashley was part owner there, and how did the investment work? :dunno:

RFC were fined. Ashley was fined.

That's different to the "converted loans" scenario, though.

[Kato]

All hail the king of the Mekons!The Mekon was green bruv, you'll need to find another enormously headed monster to draw your analogies from..

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[blackpoolhibs]

RFC were fined. Ashley was fined.

That's different to the "converted loans" scenario, though.

Ah right, i'd not really kept up with all the shennanigans at that place. :greengrin

Do you remember what they were both fined? :confused:

[Hibernian Verse]

Rangers were fined £5500

Ashley was fine £7500

Pathetic

[HoboHarry]

The Mekon was green bruv, you'll need to find another enormously headed monster to draw your analogies from..

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Ooh ooh, I know I know.... we've signed Shrek...

[Kato]

Ooh ooh, I know I know.... we've signed Shrek......and Kermit.

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[Saint Hibee]

Just suffered a quick trawl through the thread on Kickback about this. Not surprisingly, they've got cynicism whereas we've got optimism. The truth will probably end up somewhere between these two extremes I would imagine.

[CropleyWasGod]

Rangers were fined £5500

Ashley was fine £7500

Pathetic

IIRC, the fines were for going over the 10%(?) that had been agreed between Ashley and the SFA. Not the dual interest in itself.

In other words, it was the subject of discussion before it happened, just like ours.

[Torto7]

Just suffered a quick trawl through the thread on Kickback about this. Not surprisingly, they've got cynicism whereas we've got optimism. The truth will probably end up somewhere between these two extremes I would imagine.

Who gives a crap what they think? This place seems to be obsessed with Hearts. I'll tell you one thing whatever those gimps say it'll be the polar opposite.

[mutley]

Who gives a crap what they think? This place seems to be obsessed with Hearts. I'll tell you one thing whatever those gimps say it'll be the polar opposite.

This. High five


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[greenginger]

https://www.scotsman.com/sport/football/hibs/hibs-bill-foley-green-light-gives-cheat-code-in-hearts-and-aberdeen-battle-and-could-have-repercussions-on-scottish-game-4498789

Is the Scotsman suggesting Hibs are somehow cheating Hearts and Aberdeen with the Foley tie up.

I can’t read the full article.

[Since90+2]

https://www.scotsman.com/sport/football/hibs/hibs-bill-foley-green-light-gives-cheat-code-in-hearts-and-aberdeen-battle-and-could-have-repercussions-on-scottish-game-4498789

Is the Scotsman suggesting Hibs are somehow cheating Hearts and Aberdeen with the Foley tie up.

I can’t read the full article.

Honestly couldn't care less. If it's upsets Hear7s and Sheep fans even better.

[Lofarl]

Article behind the paywall

The announcement that Hibs (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Ftopic%2Fh ibs) have been given the green light by the Scottish Football Association to proceed with investment from American billionaire Bill Foley could have game-changing consequences for the Easter Road club – and Scottish football as a whole.

After Hibs made their case to the SFA board last month at Hampden – and in meetings thereafter – the governing body has approved the dual interest dispensation request (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Fsport%2Ff ootball%2Fhibs%2Fhibs-given-sfa-permission-to-accept-bill-foley-investment-conditions-set-gordon-family-reacts-to-developments-4498317) to allow Foley to have a sizeable minority shareholding in the capital outfit. One final hurdle needs to be cleared by Hibs, when they seek shareholder ratification at its annual general meeting. An exact date for the AGM (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Ftopic%2Fa gm) has yet to be announced, but it will take place in February and Hibs do not expect any problems in getting their last rubber stamp.

Hide Ad (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Fsubscript ions)






Black Knight Football Club was established by Foley, a 79-year-old Texan businessman and former attorney, and is the owner of English Premier League club Bournemouth as well as NHL ice hockey team Vegas Golden Knights. Foley also has a significant minority stake in French Ligue 1 outfit Lorient and has set up a new A-League side in Auckland, New Zealand, which will be competing come the 2024/25 season.


https://www.scotsman.com/webimg/b25lY21zOjViYTBhNWJlLWE5MTktNGIzNC1hZmUwLTMwMjkzNG FkYzUwYjpiMTNjOGRkYS0zMWUzLTRiOTItOGMzMC02ZThhMWZh ZDU5NWE=.jpg?crop=3:2,smart&width=640&quality=65
Bill Foley's Hibs investment has been given the thumbs-up by the SFA.


Black Knight is expected to invest in the region of £6 million into Hibs, which will be used for infrastructural improvements – such as indoor training facilities and stadium alterations – as well as plumping up manager Nick Montgomery’s summer transfer kitty. While new signings have been made in the current transfer window, such as Myziane Maolida, Emiliano Marcondes and Nathan Moriah-Welsh, Hibs have hardly gone on a spending splurge, with Montgomery consistently stating that there has only been a modest budget for this window. The Bournemouth link to the latter two signings will raise eyebrows and Foley’s potential involvement has likely helped smoothed Moriah-Welsh’s arrival and the imminent loan signing of Welsh defender Owen Bevan from the Cherries. Marcondes has long been on Hibs’ radar and could have arrived sooner had injury not got in the way.

The investment gives Hibs a few avenues to explore in terms of recruitment. The direct links to Bournemouth, Lorient and Auckland will undoubtedly see players move between the clubs. Hibs are essentially going to become part of a chain. A promising prospect that they could not afford could be loaned to them for a season. But the investment also gives them more money to spend in the summer. Barring a cataclysmic collapse in Premiership form (Hibs are currently sixth), the board will be right behind Montgomery and his vision, and will back him accordingly in the next transfer window to assemble his own team.

What the £6m investment will do is allow Hibs – financially at least – to bridge the gap with Edinburgh rivals Hearts and Aberdeen (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Ftopic%2Fa berdeen). The Jambos and the Dons have both been involved in group-stage European football in the past two seasons via the Europa Conference League. With Hearts currently occupying third place and a whopping 16 points clear of Hibs right now, it would take a seismic shift in fortunes for Montgomery’s men to overhaul them. Winning the Scottish Cup is realistically the only way Hibs can land the golden ticket through organic means that Hearts and Aberdeen have enjoyed. Club accounts show that Hibs’ rivals have enjoyed revenues anywhere between £5-7m from their European runs, which is why the amount of money Foley plans to invest is important: it is essentially a cheat code for Hibs – currently with the fifth largest budget in the league – to restore financial parity with their principal competitors for third place.

The key for Hibs will be to spend the money wisely. Recruitment has improved since the experienced Brian McDermott was given the director of football role last year, but in the recent past too much money has been frittered away on sub-standard signings. The training ground improvements will make the environment for players more attractive when they look around, with Aberdeen and Hearts both having the use of excellent facilities.


https://www.scotsman.com/webimg/b25lY21zOmFlOWM2ODM1LWM5ZDgtNDRjNy04NDNiLThhZDJmMm E5NGRhMzo0NjQxMzhkZi03MzI2LTQ2MzMtOGNkZC0zMWM2Y2M2 OGM0Mzc=.jpg?crop=3:2,smart&width=640&quality=65
Hibs manager Nick Montgomery is likely to have more funds to spend next summer as a result of the pending windfall.
What is the trade-off for Hibs? The dilution of shares for the existing holders, not least fan group HSL, could be concerning for some, plus the fact that a once proudly Edinburgh-owned club is now in the hands of investors from the States and beyond. The Gordon family have unswervingly backed Hibs since the now deceased Ron Gordon (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Ftopic%2Fr on-gordon) took over in 2019 and his son, Ian, and his widow Kit have reaffirmed their commitment to Hibs even with Foley’s interest. But will £6m be enough to make a tangible difference to fortunes on the playing field? Hibs have hardly been serial third-place finishers, or Scottish Cup winners, and while a levelling of the financial playing field with Hearts and Aberdeen will help, there will be an expectation from supporters of Hibs to get it right next season.

Other clubs in Scotland will surely be watching this development with interest, too. Dundee have just launched a partnership with English Premier League club Burnley and its owners, while most top-flight entities have been tapped up for potential investment from abroad. The landmark relaxing of the dual interest role is sure to pique interest from investors who have been waiting in the wings to swoop.

The fact that a lot of clubs require such moves to be a competitive force is perhaps a lamentable development, but it is a reminder where Scottish football sits in the current global landscape. It’s rare to have a mobilised fan owner such as the Foundation of Hearts – borne out of near extinction for the Tynecastle outfit in 2013 – nor have a benefactor as generous as the Jambos do with James Anderson to generate extra revenue. Hibs will hope that Foley’s pending arrival will give them a taste of the European adventures that their city rivals, and Aberdeen, have experienced recently.

[HoboHarry]

Didn't realise until now he is originally from Texas. Glass of wine for you at Chez Hobo anytime Bill if you make the drive from Austin to Conroe... :greengrin

[WeeRussell]

Didn't realise until now he is originally from Texas. Glass of wine for you at Chez Hobo anytime Bill if you make the drive from Austin to Conroe... :greengrin

Look forward to him buying us a lone star striker.

[HoboHarry]

Look forward to him buying us a lone star striker.

Only if he's wearing a Stetson :cb

[Hibs4185]

No idea who the journalist is for that story above but it obviously isn’t written by a neutral.

‘Cheat code’ to catch up with Aberdeen and hearts.

All the teams have beat identical fan bases and income. Hearts are propped up by JA and FOH ie donations.

If anything hearts have had a cheat code for several years

[Scotty Leither]

Article behind the paywall

The announcement that Hibs (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Ftopic%2Fh ibs) have been given the green light by the Scottish Football Association to proceed with investment from American billionaire Bill Foley could have game-changing consequences for the Easter Road club – and Scottish football as a whole.

After Hibs made their case to the SFA board last month at Hampden – and in meetings thereafter – the governing body has approved the dual interest dispensation request (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Fsport%2Ff ootball%2Fhibs%2Fhibs-given-sfa-permission-to-accept-bill-foley-investment-conditions-set-gordon-family-reacts-to-developments-4498317) to allow Foley to have a sizeable minority shareholding in the capital outfit. One final hurdle needs to be cleared by Hibs, when they seek shareholder ratification at its annual general meeting. An exact date for the AGM (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Ftopic%2Fa gm) has yet to be announced, but it will take place in February and Hibs do not expect any problems in getting their last rubber stamp.

Hide Ad (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Fsubscript ions)






Black Knight Football Club was established by Foley, a 79-year-old Texan businessman and former attorney, and is the owner of English Premier League club Bournemouth as well as NHL ice hockey team Vegas Golden Knights. Foley also has a significant minority stake in French Ligue 1 outfit Lorient and has set up a new A-League side in Auckland, New Zealand, which will be competing come the 2024/25 season.


https://www.scotsman.com/webimg/b25lY21zOjViYTBhNWJlLWE5MTktNGIzNC1hZmUwLTMwMjkzNG FkYzUwYjpiMTNjOGRkYS0zMWUzLTRiOTItOGMzMC02ZThhMWZh ZDU5NWE=.jpg?crop=3:2,smart&width=640&quality=65
Bill Foley's Hibs investment has been given the thumbs-up by the SFA.


Black Knight is expected to invest in the region of £6 million into Hibs, which will be used for infrastructural improvements – such as indoor training facilities and stadium alterations – as well as plumping up manager Nick Montgomery’s summer transfer kitty. While new signings have been made in the current transfer window, such as Myziane Maolida, Emiliano Marcondes and Nathan Moriah-Welsh, Hibs have hardly gone on a spending splurge, with Montgomery consistently stating that there has only been a modest budget for this window. The Bournemouth link to the latter two signings will raise eyebrows and Foley’s potential involvement has likely helped smoothed Moriah-Welsh’s arrival and the imminent loan signing of Welsh defender Owen Bevan from the Cherries. Marcondes has long been on Hibs’ radar and could have arrived sooner had injury not got in the way.

The investment gives Hibs a few avenues to explore in terms of recruitment. The direct links to Bournemouth, Lorient and Auckland will undoubtedly see players move between the clubs. Hibs are essentially going to become part of a chain. A promising prospect that they could not afford could be loaned to them for a season. But the investment also gives them more money to spend in the summer. Barring a cataclysmic collapse in Premiership form (Hibs are currently sixth), the board will be right behind Montgomery and his vision, and will back him accordingly in the next transfer window to assemble his own team.

What the £6m investment will do is allow Hibs – financially at least – to bridge the gap with Edinburgh rivals Hearts and Aberdeen (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Ftopic%2Fa berdeen). The Jambos and the Dons have both been involved in group-stage European football in the past two seasons via the Europa Conference League. With Hearts currently occupying third place and a whopping 16 points clear of Hibs right now, it would take a seismic shift in fortunes for Montgomery’s men to overhaul them. Winning the Scottish Cup is realistically the only way Hibs can land the golden ticket through organic means that Hearts and Aberdeen have enjoyed. Club accounts show that Hibs’ rivals have enjoyed revenues anywhere between £5-7m from their European runs, which is why the amount of money Foley plans to invest is important: it is essentially a cheat code for Hibs – currently with the fifth largest budget in the league – to restore financial parity with their principal competitors for third place.

The key for Hibs will be to spend the money wisely. Recruitment has improved since the experienced Brian McDermott was given the director of football role last year, but in the recent past too much money has been frittered away on sub-standard signings. The training ground improvements will make the environment for players more attractive when they look around, with Aberdeen and Hearts both having the use of excellent facilities.


https://www.scotsman.com/webimg/b25lY21zOmFlOWM2ODM1LWM5ZDgtNDRjNy04NDNiLThhZDJmMm E5NGRhMzo0NjQxMzhkZi03MzI2LTQ2MzMtOGNkZC0zMWM2Y2M2 OGM0Mzc=.jpg?crop=3:2,smart&width=640&quality=65
Hibs manager Nick Montgomery is likely to have more funds to spend next summer as a result of the pending windfall.
What is the trade-off for Hibs? The dilution of shares for the existing holders, not least fan group HSL, could be concerning for some, plus the fact that a once proudly Edinburgh-owned club is now in the hands of investors from the States and beyond. The Gordon family have unswervingly backed Hibs since the now deceased Ron Gordon (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Ftopic%2Fr on-gordon) took over in 2019 and his son, Ian, and his widow Kit have reaffirmed their commitment to Hibs even with Foley’s interest. But will £6m be enough to make a tangible difference to fortunes on the playing field? Hibs have hardly been serial third-place finishers, or Scottish Cup winners, and while a levelling of the financial playing field with Hearts and Aberdeen will help, there will be an expectation from supporters of Hibs to get it right next season.

Other clubs in Scotland will surely be watching this development with interest, too. Dundee have just launched a partnership with English Premier League club Burnley and its owners, while most top-flight entities have been tapped up for potential investment from abroad. The landmark relaxing of the dual interest role is sure to pique interest from investors who have been waiting in the wings to swoop.

The fact that a lot of clubs require such moves to be a competitive force is perhaps a lamentable development, but it is a reminder where Scottish football sits in the current global landscape. It’s rare to have a mobilised fan owner such as the Foundation of Hearts – borne out of near extinction for the Tynecastle outfit in 2013 – nor have a benefactor as generous as the Jambos do with James Anderson to generate extra revenue. Hibs will hope that Foley’s pending arrival will give them a taste of the European adventures that their city rivals, and Aberdeen, have experienced recently.


Thanks for sharing, I very rarely click onto that paper’s website now nor buy the paper, it’s a pale shadow of its former self, and that article could have been written by Ian Murray, Eric Milligan, or Pishy Breeks Foulkes, it’s that bitter and skewed it’s laughable.

I’m glad they’re spewing, but as someone said higher up the thread, it’s time for Hibs to kick on now, and embrace this and actually punch our weight consistently for the foreseeable future.

Edit: Is there a strap line as to who actually penned it?

[Lofarl]

Use this to get behind most paywalls


https://12ft.io/

[Pagan Hibernia]

Thanks for sharing, I very rarely click onto that paper’s website now nor buy the paper, it’s a pale shadow of its former self, and that article could have been written by Ian Murray, Eric Milligan, or Pishy Breeks Foulkes, it’s that bitter and skewed it’s laughable.

I’m glad they’re spewing, but as someone said higher up the thread, it’s time for Hibs to kick on now, and embrace this and actually punch our weight consistently for the foreseeable future.

Edit: Is there a strap line as to who actually penned it?

I don't think it's a terrible article. Probably accurate on most points

[HoboHarry]

I don't think it's a terrible article. Probably accurate on most points
It isn't a terrible article but the cheat code comment is pretty silly, how many years have Hearts been in possession of that given the Anderson donations?

[CapitalGreen]

“Cheat code” in modern sports parlance doesn’t mean to cheat as in breaking the rules. It’s used (often on social media) to refer to someone (typically a player) who can make extraordinary things happen or who has a skill/ability which makes them difficult to play against (eg really fast, tall or strong). If Ivan Sproule for example was playing for us today he may have been referred to as a “cheat code” due to his pace. It derives from video games when players would have 99 pace or a club an unlimited transfer budget after using a chest code.

27655

[Corstorphine Hibby]

Mark Atkinson is the journo.

[Kato]

We have had foreign owners in the past. Harry Swan bought us from Irish based families and at our inception we were part of The Catholic Church, which operates its international group of organisations from The Vatican.



The "proud Edinburgh" line is a bit strange, but not surprising from The Scotsman, which is ironically by a murky multinational which after administration shed its debts then changed its name a couple of times. Hope they proudly pay all the tax to their exchequer.



Sent from my SM-A528B using Tapatalk

[Kato]

It isn't a terrible article but the cheat code comment is pretty silly, how many years have Hearts been in possession of that given the Anderson donations?Headlines are usually added by a sub editor, a wee dogwhistle to whett the bigglys interest. Their more rabid section ( most of them ) will be reading everything about this just as keenly as us.

Sent from my SM-A528B using Tapatalk

[Chorley Hibee]

What about the line that infers that the money will bring our training centre up to Hearts/Aberdeen standard?

Well Hearts would need to have one for a start!

[Pedantic_Hibee]

Atkinson, another Jambo who is equally as seething as he is bricking it.

Pleasing.

[Aldo]

Atkinson, another Jambo who is equally as seething as he is bricking it.

Pleasing.

Exactly.

All we have done is went out and saught investment for the club. Surely we should be praised for doing that no it’s a cheat code.

Positive into a huge negative once again shows what the media think of Hibs.

GIRFUY

[Chorley Hibee]

Exactly.

All we have done is went out and saught investment for the club. Surely we should be praised for doing that no it’s a cheat code.

Positive into a huge negative once again shows what the media think of Hibs.

GIRFUY

The irony being that none of these 'journalists' had a word to say when Rangers and Hearts spent years actually cheating.

**** the lot of them, and let's hope that, finally, Hibs actually give them something to be worried about.

You can tell they're getting nervous already.

[matty_f]

The article is definitely written from a Hearts perspective, imho.

[HoboHarry]

the article is definitely written from a terrified perspective, imho.
ftfy :)

[hibsforeurope]

The bit about marcondes being on our radar for a while now is interesting.

[green day]

Mark Atkinson is the Jambo .

ftfy mate

[hibsbollah]

Article behind the paywall

The announcement that Hibs (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Ftopic%2Fh ibs) have been given the green light by the Scottish Football Association to proceed with investment from American billionaire Bill Foley could have game-changing consequences for the Easter Road club – and Scottish football as a whole.

After Hibs made their case to the SFA board last month at Hampden – and in meetings thereafter – the governing body has approved the dual interest dispensation request (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Fsport%2Ff ootball%2Fhibs%2Fhibs-given-sfa-permission-to-accept-bill-foley-investment-conditions-set-gordon-family-reacts-to-developments-4498317) to allow Foley to have a sizeable minority shareholding in the capital outfit. One final hurdle needs to be cleared by Hibs, when they seek shareholder ratification at its annual general meeting. An exact date for the AGM (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Ftopic%2Fa gm) has yet to be announced, but it will take place in February and Hibs do not expect any problems in getting their last rubber stamp.

Hide Ad (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Fsubscript ions)






Black Knight Football Club was established by Foley, a 79-year-old Texan businessman and former attorney, and is the owner of English Premier League club Bournemouth as well as NHL ice hockey team Vegas Golden Knights. Foley also has a significant minority stake in French Ligue 1 outfit Lorient and has set up a new A-League side in Auckland, New Zealand, which will be competing come the 2024/25 season.


https://www.scotsman.com/webimg/b25lY21zOjViYTBhNWJlLWE5MTktNGIzNC1hZmUwLTMwMjkzNG FkYzUwYjpiMTNjOGRkYS0zMWUzLTRiOTItOGMzMC02ZThhMWZh ZDU5NWE=.jpg?crop=3:2,smart&width=640&quality=65
Bill Foley's Hibs investment has been given the thumbs-up by the SFA.


Black Knight is expected to invest in the region of £6 million into Hibs, which will be used for infrastructural improvements – such as indoor training facilities and stadium alterations – as well as plumping up manager Nick Montgomery’s summer transfer kitty. While new signings have been made in the current transfer window, such as Myziane Maolida, Emiliano Marcondes and Nathan Moriah-Welsh, Hibs have hardly gone on a spending splurge, with Montgomery consistently stating that there has only been a modest budget for this window. The Bournemouth link to the latter two signings will raise eyebrows and Foley’s potential involvement has likely helped smoothed Moriah-Welsh’s arrival and the imminent loan signing of Welsh defender Owen Bevan from the Cherries. Marcondes has long been on Hibs’ radar and could have arrived sooner had injury not got in the way.

The investment gives Hibs a few avenues to explore in terms of recruitment. The direct links to Bournemouth, Lorient and Auckland will undoubtedly see players move between the clubs. Hibs are essentially going to become part of a chain. A promising prospect that they could not afford could be loaned to them for a season. But the investment also gives them more money to spend in the summer. Barring a cataclysmic collapse in Premiership form (Hibs are currently sixth), the board will be right behind Montgomery and his vision, and will back him accordingly in the next transfer window to assemble his own team.

What the £6m investment will do is allow Hibs – financially at least – to bridge the gap with Edinburgh rivals Hearts and Aberdeen (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Ftopic%2Fa berdeen). The Jambos and the Dons have both been involved in group-stage European football in the past two seasons via the Europa Conference League. With Hearts currently occupying third place and a whopping 16 points clear of Hibs right now, it would take a seismic shift in fortunes for Montgomery’s men to overhaul them. Winning the Scottish Cup is realistically the only way Hibs can land the golden ticket through organic means that Hearts and Aberdeen have enjoyed. Club accounts show that Hibs’ rivals have enjoyed revenues anywhere between £5-7m from their European runs, which is why the amount of money Foley plans to invest is important: it is essentially a cheat code for Hibs – currently with the fifth largest budget in the league – to restore financial parity with their principal competitors for third place.

The key for Hibs will be to spend the money wisely. Recruitment has improved since the experienced Brian McDermott was given the director of football role last year, but in the recent past too much money has been frittered away on sub-standard signings. The training ground improvements will make the environment for players more attractive when they look around, with Aberdeen and Hearts both having the use of excellent facilities.


https://www.scotsman.com/webimg/b25lY21zOmFlOWM2ODM1LWM5ZDgtNDRjNy04NDNiLThhZDJmMm E5NGRhMzo0NjQxMzhkZi03MzI2LTQ2MzMtOGNkZC0zMWM2Y2M2 OGM0Mzc=.jpg?crop=3:2,smart&width=640&quality=65
Hibs manager Nick Montgomery is likely to have more funds to spend next summer as a result of the pending windfall.
What is the trade-off for Hibs? The dilution of shares for the existing holders, not least fan group HSL, could be concerning for some, plus the fact that a once proudly Edinburgh-owned club is now in the hands of investors from the States and beyond. The Gordon family have unswervingly backed Hibs since the now deceased Ron Gordon (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Ftopic%2Fr on-gordon) took over in 2019 and his son, Ian, and his widow Kit have reaffirmed their commitment to Hibs even with Foley’s interest. But will £6m be enough to make a tangible difference to fortunes on the playing field? Hibs have hardly been serial third-place finishers, or Scottish Cup winners, and while a levelling of the financial playing field with Hearts and Aberdeen will help, there will be an expectation from supporters of Hibs to get it right next season.

Other clubs in Scotland will surely be watching this development with interest, too. Dundee have just launched a partnership with English Premier League club Burnley and its owners, while most top-flight entities have been tapped up for potential investment from abroad. The landmark relaxing of the dual interest role is sure to pique interest from investors who have been waiting in the wings to swoop.

The fact that a lot of clubs require such moves to be a competitive force is perhaps a lamentable development, but it is a reminder where Scottish football sits in the current global landscape. It’s rare to have a mobilised fan owner such as the Foundation of Hearts – borne out of near extinction for the Tynecastle outfit in 2013 – nor have a benefactor as generous as the Jambos do with James Anderson to generate extra revenue. Hibs will hope that Foley’s pending arrival will give them a taste of the European adventures that their city rivals, and Aberdeen, have experienced recently.


At least five or six word choices that makes the whole article smell like a bad new story.

[HoboHarry]

Article behind the paywall

The announcement that Hibs (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Ftopic%2Fh ibs) have been given the green light by the Scottish Football Association to proceed with investment from American billionaire Bill Foley could have game-changing consequences for the Easter Road club – and Scottish football as a whole.

After Hibs made their case to the SFA board last month at Hampden – and in meetings thereafter – the governing body has approved the dual interest dispensation request (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Fsport%2Ff ootball%2Fhibs%2Fhibs-given-sfa-permission-to-accept-bill-foley-investment-conditions-set-gordon-family-reacts-to-developments-4498317) to allow Foley to have a sizeable minority shareholding in the capital outfit. One final hurdle needs to be cleared by Hibs, when they seek shareholder ratification at its annual general meeting. An exact date for the AGM (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Ftopic%2Fa gm) has yet to be announced, but it will take place in February and Hibs do not expect any problems in getting their last rubber stamp.

Hide Ad (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Fsubscript ions)






Black Knight Football Club was established by Foley, a 79-year-old Texan businessman and former attorney, and is the owner of English Premier League club Bournemouth as well as NHL ice hockey team Vegas Golden Knights. Foley also has a significant minority stake in French Ligue 1 outfit Lorient and has set up a new A-League side in Auckland, New Zealand, which will be competing come the 2024/25 season.


https://www.scotsman.com/webimg/b25lY21zOjViYTBhNWJlLWE5MTktNGIzNC1hZmUwLTMwMjkzNG FkYzUwYjpiMTNjOGRkYS0zMWUzLTRiOTItOGMzMC02ZThhMWZh ZDU5NWE=.jpg?crop=3:2,smart&width=640&quality=65
Bill Foley's Hibs investment has been given the thumbs-up by the SFA.


Black Knight is expected to invest in the region of £6 million into Hibs, which will be used for infrastructural improvements – such as indoor training facilities and stadium alterations – as well as plumping up manager Nick Montgomery’s summer transfer kitty. While new signings have been made in the current transfer window, such as Myziane Maolida, Emiliano Marcondes and Nathan Moriah-Welsh, Hibs have hardly gone on a spending splurge, with Montgomery consistently stating that there has only been a modest budget for this window. The Bournemouth link to the latter two signings will raise eyebrows and Foley’s potential involvement has likely helped smoothed Moriah-Welsh’s arrival and the imminent loan signing of Welsh defender Owen Bevan from the Cherries. Marcondes has long been on Hibs’ radar and could have arrived sooner had injury not got in the way.

The investment gives Hibs a few avenues to explore in terms of recruitment. The direct links to Bournemouth, Lorient and Auckland will undoubtedly see players move between the clubs. Hibs are essentially going to become part of a chain. A promising prospect that they could not afford could be loaned to them for a season. But the investment also gives them more money to spend in the summer. Barring a cataclysmic collapse in Premiership form (Hibs are currently sixth), the board will be right behind Montgomery and his vision, and will back him accordingly in the next transfer window to assemble his own team.

What the £6m investment will do is allow Hibs – financially at least – to bridge the gap with Edinburgh rivals Hearts and Aberdeen (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Ftopic%2Fa berdeen). The Jambos and the Dons have both been involved in group-stage European football in the past two seasons via the Europa Conference League. With Hearts currently occupying third place and a whopping 16 points clear of Hibs right now, it would take a seismic shift in fortunes for Montgomery’s men to overhaul them. Winning the Scottish Cup is realistically the only way Hibs can land the golden ticket through organic means that Hearts and Aberdeen have enjoyed. Club accounts show that Hibs’ rivals have enjoyed revenues anywhere between £5-7m from their European runs, which is why the amount of money Foley plans to invest is important: it is essentially a cheat code for Hibs – currently with the fifth largest budget in the league – to restore financial parity with their principal competitors for third place.

The key for Hibs will be to spend the money wisely. Recruitment has improved since the experienced Brian McDermott was given the director of football role last year, but in the recent past too much money has been frittered away on sub-standard signings. The training ground improvements will make the environment for players more attractive when they look around, with Aberdeen and Hearts both having the use of excellent facilities.


https://www.scotsman.com/webimg/b25lY21zOmFlOWM2ODM1LWM5ZDgtNDRjNy04NDNiLThhZDJmMm E5NGRhMzo0NjQxMzhkZi03MzI2LTQ2MzMtOGNkZC0zMWM2Y2M2 OGM0Mzc=.jpg?crop=3:2,smart&width=640&quality=65
Hibs manager Nick Montgomery is likely to have more funds to spend next summer as a result of the pending windfall.
What is the trade-off for Hibs? The dilution of shares for the existing holders, not least fan group HSL, could be concerning for some, plus the fact that a once proudly Edinburgh-owned club is now in the hands of investors from the States and beyond. The Gordon family have unswervingly backed Hibs since the now deceased Ron Gordon (https://12ft.io/proxy?q=https%3A%2F%2Fwww.scotsman.com%2Ftopic%2Fr on-gordon) took over in 2019 and his son, Ian, and his widow Kit have reaffirmed their commitment to Hibs even with Foley’s interest. But will £6m be enough to make a tangible difference to fortunes on the playing field? Hibs have hardly been serial third-place finishers, or Scottish Cup winners, and while a levelling of the financial playing field with Hearts and Aberdeen will help, there will be an expectation from supporters of Hibs to get it right next season.

Other clubs in Scotland will surely be watching this development with interest, too. Dundee have just launched a partnership with English Premier League club Burnley and its owners, while most top-flight entities have been tapped up for potential investment from abroad. The landmark relaxing of the dual interest role is sure to pique interest from investors who have been waiting in the wings to swoop.

The fact that a lot of clubs require such moves to be a competitive force is perhaps a lamentable development, but it is a reminder where Scottish football sits in the current global landscape. It’s rare to have a mobilised fan owner such as the Foundation of Hearts – borne out of near extinction for the Tynecastle outfit in 2013 – nor have a benefactor as generous as the Jambos do with James Anderson to generate extra revenue. Hibs will hope that Foley’s pending arrival will give them a taste of the European adventures that their city rivals, and Aberdeen, have experienced recently.

Jambo's have the use of excellent facilities? Aye right, the ones they don't own and the very same ones that Steve Clarke ditched because they were "looking tired"? Whiff of fear in that whole article.

[Carheenlea]

Bill Foley - “cheat code”

James Anderson - “Generous”

[jeffers]

The bit about marcondes being on our radar for a while now is interesting.

Johnson was after him in the summer.

[nonshinyfinish]

“Cheat code” in modern sports parlance doesn’t mean to cheat as in breaking the rules. It’s used (often on social media) to refer to someone (typically a player) who can make extraordinary things happen or who has a skill/ability which makes them difficult to play against (eg really fast, tall or strong). If Ivan Sproule for example was playing for us today he may have been referred to as a “cheat code” due to his pace. It derives from video games when players would have 99 pace or a club an unlimited transfer budget after using a chest code.

Yep. Understandable that a lot of people won't get the intended meaning, but little wrong with the article IMO.

[VoltaireHibs]

What about the line that infers that the money will bring our training centre up to Hearts/Aberdeen standard?

Well Hearts would need to have one for a start!

Nevermind the training centres, what about the stadiums?? Pittodrie is an absolute tip, Tynie has one stand that's vaguely fit for purpose. Easter Rd needs a wee tart up and we're good to go.

What about the money they need to spend on that?

Laughable article.

[cubehindthegoal]

The irony being that none of these 'journalists' had a word to say when Rangers and Hearts spent years actually cheating.

**** the lot of them, and let's hope that, finally, Hibs actually give them something to be worried about.

You can tell they're getting nervous already.

The problem is they won’t lie down and accept it … look how long it’s taken for the “approval” to be granted ( oh thank you ever so much sir) to our wee recent investment … they see it as a threat … and they will react as a corrupt bunch would … they’ve tried so hard to delay it, and also to find what they can do to tackle it …

… it’s getting towards that time to stand up to them .. not just accept. It’s an utter joke what happens in Scottish football … by Scottish Football .. All 😥

[tonyrougier123]

Folk can say what they like about investment,I’d rather that than be at the behest of sky with clearly no scope for anyone outside the old firm allowed to flourish.
I’m sure there will be many debates on the pros and cons of this foley tie up,and rightly so. It’s a step into a new void for Hibernian and Scottish football. Maybe I’m biased here but I’ve always felt outside the old firm I still feel strongly hibs are the best prepared club to take on the Glasgow sides in the Scottish game.
Will it be foley and the Gordon’s who mastermind it? Who knows,but it seems the plan in the long run is to do so.
I’ll add we need much more in the team than a few loans that’s for sure. So if folk think Bournemouth can supply us with league winners that isn’t happening. We need to use that as a tool to help not fund our push towards Europe and the top of the table,we will need address the balance in the side which has felt out of kilter for a while and we need able deputies to step in when injuries occur or hungry youngsters. The team needs continuity and be hard to get a game in.
Right now we are as far away as ever on the park.

[HoboHarry]

The problem is they won’t lie down and accept it … look how long it’s taken for the “approval” to be granted ( oh thank you ever so much sir) to our wee recent investment … they see it as a threat … and they will react as a corrupt bunch would … they’ve tried so hard to delay it, and also to find what they can do to tackle it …

… it’s getting towards that time to stand up to them .. not just accept. It’s an utter joke what happens in Scottish football … by Scottish Football .. All 😥

I haven't been following it but Hollyrood is currently discussing appointing a regulator to oversee Scottish football. I hope they do and can only hope they don't get caught up in the corrupt cabal that we currently have.

[cubehindthegoal]

I haven't been following it but Hollyrood is currently discussing appointing a regulator to oversee Scottish football. I hope they do and can only hope they don't get caught up in the corrupt cabal that we currently have.

So many questions. Who does the appointing for one ? When corruption has a grip, it tightens when faced with truth, in my experience 😞

[VoltaireHibs]

I haven't been following it but Hollyrood is currently discussing appointing a regulator to oversee Scottish football. I hope they do and can only hope they don't get caught up in the corrupt cabal that we currently have.

Live from Holyrood!

'We are pleased to announce the appointment of a new task force to give oversight and clarity on the implementation and structure of Scottish Football. Please give a big hand to the new chair of the steering group, Mr Douglas Ross!'

Natch.

[scm70nyd1973]

Jambo's have the use of excellent facilities? Aye right, the ones they don't own and the very same ones that Steve Clarke ditched because they were "looking tired"? Whiff of fear in that whole article.

Yes - no mention of the Poppy Pilferers not owning their own training centre (or hasthat changed) and Aberdeen’s stadium being a joke (how much will that cost them to replace - what a drawn out saga that has been).

Too easy to pick holes in this kind of “fictional” article.

[JimBHibees]

At least five or six word choices that makes the whole article smell like a bad new story.

Including this bit. Organic? Hearts have been gifted 5m a year for literally years

With Hearts currently occupying third place and a whopping 16 points clear of Hibs right now, it would take a seismic shift in fortunes for Montgomery’s men to overhaul them. Winning the Scottish Cup is realistically the only way Hibs can land the golden ticket through organic means that Hearts and Aberdeen have enjoyed.

[JimBHibees]

Nevermind the training centres, what about the stadiums?? Pittodrie is an absolute tip, Tynie has one stand that's vaguely fit for purpose. Easter Rd needs a wee tart up and we're good to go.

What about the money they need to spend on that?

Laughable article.

Good point.

[WhileTheChief..]

An awful lot of knickers getting twisted over nothing.

Don't give a damn what any other fans or the media think, this is great news for us. We just need to deliver on the pitch now.

[Nicho87]

Atkinson what a horrible article

Cheat code, we have went through sfa and done it correct - seems a permanent long term investment

Hearts get donations from Anderson and that is absolutley fine

I have no words. Incredulous it really is

[GRA]

An awful lot of knickers getting twisted over nothing.

Don't give a damn what any other fans or the media think, this is great news for us. We just need to deliver on the pitch now.

This is my view. Who gives a **** what those hacks think? Why get all worked up about biased articles written from an agenda-driven perspective rather than focus on what is clearly good news for us?

We need to utilise this to create a siege mentality as if the cash is spent wisely and we start to achieve success then this is only going to ramp up.

[bingo70]

An awful lot of knickers getting twisted over nothing.

Don't give a damn what any other fans or the media think, this is great news for us. We just need to deliver on the pitch now.

That’s what I think.

I’ve not read any of the articles people are complaining about as I couldn’t care less what any journalist thinks.

Nobody has all the information yet, well that’s not true actually, the people who make decisions for the good of our club and Scottish football are all satisfied it’s a good thing so if a biased journalist who doesn’t have all the info necessary to have an informed opinion, wants to talk about it to fill columns then go for it, I’m certainly not letting it ruin my excitement though 😂

[Carheenlea]

Yep. Understandable that a lot of people won't get the intended meaning, but little wrong with the article IMO.

Whatever the intended meaning, from the tone of the article it wasn't a term of endearment.

[green day]

Nevermind the training centres, what about the stadiums?? Pittodrie is an absolute tip, Tynie has one stand that's vaguely fit for purpose. Easter Rd needs a wee tart up and we're good to go.

What about the money they need to spend on that?

Laughable article.

Aberdeen, if they go for what they have told the fans, will be spending ~£50m on the new stadium.

Hearts are a bit hamstrung by the location of the tip they play in, their other 3 stands are in a pretty poor state and replacing those would probably cost them ~£30-40m depending on the spec. If they need to buy a training centre somewhere while Oriam is brought up to scratch, who knows?

While there is much that is correct about the article, it gives a lie that those two clubs are "sorted". Frankly, there is an argument that Hibs are far closer to the finished article and is probably one reason why the Black Knights are investing.

We should all be grateful that Petrie and Farmer sorted our stadium out when they did.

[Iain G]

Aberdeen, if they go for what they have told the fans, will be spending ~£50m on the new stadium.

Hearts are a bit hamstrung by the location of the tip they play in, their other 3 stands are in a pretty poor state and replacing those would probably cost them ~£30-40m depending on the spec. If they need to buy a training centre somewhere while Oriam is brought up to scratch, who knows?

While there is much that is correct about the article, it gives a lie that those two clubs are "sorted". Frankly, there is an argument that Hibs are far closer to the finished article and is probably one reason why the Black Knights are investing.

We should all be grateful that Petrie and Farmer sorted our stadium out when they did.

The Pieman was right about one thing, and if they had listened to him and moved from that site at Tiny they would have a much bigger, more fit for purpose stadium.

[matty_f]

Including this bit. Organic? Hearts have been gifted 5m a year for literally years

With Hearts currently occupying third place and a whopping 16 points clear of Hibs right now, it would take a seismic shift in fortunes for Montgomery’s men to overhaul them. Winning the Scottish Cup is realistically the only way Hibs can land the golden ticket through organic means that Hearts and Aberdeen have enjoyed.

That’s what I found laughable about it.

[.Sean.]

Could you just imagine the SEEEEEETHE if by some miracle we won the Scottish Cup and nick the guaranteed group spot after Hearts finish about 20 points ahead of us. With goals in the final from Myziane and Marcondes

OK I’ll wake up now

[MelbourneHibees]

Could you just imagine the SEEEEEETHE if by some miracle we won the Scottish Cup and nick the guaranteed group spot after Hearts finish about 20 points ahead of us. With goals in the final from Myziane and Marcondes

OK I’ll wake up now
Against Hearts

[MelbourneHibees]

Has anyone sat down and looked at the transfer activity of the other clubs in this system? Have they mainly been fed players from Bournemouth (or each other)? Have they had regular cash injections? That will be the best barometer of what we can expect.

Anyone?

[USA_Hibee]

Anyone?

You do it for us. 😁

[Greenio]

Few sensitive souls on here. Article is fine.

Well I have no idea how this will play out.

Actually I do. When the team is successful it'll be the best move ever and he'll be the Texan GOAT, and as soon as we start not being successful it'll be the worst thing that's ever happened to the club and he'll be a evil swindler that should have never been allowed to set foot in ER.

Standard

[matty_f]

If anyone's interested in reading a less Hearts skewed piece on it, I wrote some words here:

https://www.patreon.com/posts/97562825?utm_campaign=postshare_creator

[MelbourneHibees]

You do it for us. 😁

**** it I will 😂
This season Lorient have received Roman Faivre valued at 15 million on loan. He had already however been on Loan with Lorient before joining Bournemouth so it seems Bournemouth wanted him but were happy to immediately loan him back to Lorient for 6 months. He is now Back at Bournemouth.

They've sold 60m worth of players and bought in 30 million.

Last January around the time Foley invested in Lorient they sold Dango Ouattara to Bournemouth for 22 million. He appears to have came through Lorients U18s/B team and Bournemouth snapped him up.

That's the only connections I can see so far. But I did find this article from last year as well.

https://onefootball.com/en/news/fc-lorient-fans-mobilise-against-bill-foley-ownership-36623789

FC Lorient’s ultra group Merlus Ultras 1995 have published an open letter to their club president Loïc Féry, denouncing the minority ownership held by AFC Bournemouth owner Bill Foley. The letter came in the context of fears surrounding the potential cherry-picking of two players in Dango Ouattara (20) and Enzo Le Fée (22) in recent day which have compounded already-present worries on the multi-club ownership model being implemented at the Breton side.

The statement by supporters expresses clearly “deep concern” by the minority ownership of Bill Foley in the club, saying that “FC Lorient has been boasting for years of being a family club, with a strong identity and its own philosophy of play. So why introduce an American into its capital who knows nothing of our history?”
Article continues.

[Kato]

The Pieman was right about one thing, and if they had listened to him and moved from that site at Tiny they would have a much bigger, more fit for purpose stadium.They should move now. Somewhere near the Devils Elbow will do.

Sent from my SM-A528B using Tapatalk

[CropleyWasGod]

They should move now. Somewhere near the Devils Elbow will do.

Sent from my SM-A528B using Tapatalk

I sometimes don't know my arse from my elbow. Does that matter?

[Kato]

I sometimes don't know my arse from my elbow. Does that matter?Are you suggesting they move to the Devils Arse?

Sent from my SM-A528B using Tapatalk

[CropleyWasGod]

Are you suggesting they move to the Devils Arse?

Sent from my SM-A528B using Tapatalk

They'd just be passing through :greengrin


(c.Connolly sometime in the 70's)

[ozwoody]

Was thinking bout this and if the SFA said that money must be ring-fenced for infrastructure etc. and if HTC needed £1.5 million to upgrade, same for FF, would Foley say "BK will loan money for these improvements, as well as pay wages for loan players" , this would then free up money for player investment that would originally have went on upgrades? No idea but this is how it could have been presented to SFA

Just looked....https://www.spotrac.com/epl/afc-bournemouth/contracts/

Marcondes will earn £365,000 in the 6 months he's here, paid for by BK

[VoltaireHibs]

**** it I will 😂
This season Lorient have received Roman Faivre valued at 15 million on loan. He had already however been on Loan with Lorient before joining Bournemouth so it seems Bournemouth wanted him but were happy to immediately loan him back to Lorient for 6 months. He is now Back at Bournemouth.

They've sold 60m worth of players and bought in 30 million.

Last January around the time Foley invested in Lorient they sold Dango Ouattara to Bournemouth for 22 million. He appears to have came through Lorients U18s/B team and Bournemouth snapped him up.

That's the only connections I can see so far. But I did find this article from last year as well.

https://onefootball.com/en/news/fc-lorient-fans-mobilise-against-bill-foley-ownership-36623789

FC Lorient’s ultra group Merlus Ultras 1995 have published an open letter to their club president Loïc Féry, denouncing the minority ownership held by AFC Bournemouth owner Bill Foley. The letter came in the context of fears surrounding the potential cherry-picking of two players in Dango Ouattara (20) and Enzo Le Fée (22) in recent day which have compounded already-present worries on the multi-club ownership model being implemented at the Breton side.

The statement by supporters expresses clearly “deep concern” by the minority ownership of Bill Foley in the club, saying that “FC Lorient has been boasting for years of being a family club, with a strong identity and its own philosophy of play. So why introduce an American into its capital who knows nothing of our history?”
Article continues.

The only thing I took from that was that a good way to funnel money into a club is for the parent company to pay 22 million to Lorient for a player who may or may not be worth that. If Foley and the Black Knights want to give us 10 million or whatever for a highly promising youngster it would be quite a clever deal all round. Foley stated he wanted us to produce good young players, and lots of them. This is probably why. Simplest way to pump money into a club and mutually beneficial.

And as the Black Knights only have a minority stake, maybe the ultras ire should be directed at the board?

[matty_f]

The only thing I took from that was that a good way to funnel money into a club is for the parent company to pay 22 million to Lorient for a player who may or may not be worth that. If Foley and the Black Knights want to give us 10 million or whatever for a highly promising youngster it would be quite a clever deal all round. Foley stated he wanted us to produce good young players, and lots of them. This is probably why. Simplest way to pump money into a club and mutually beneficial.

And as the Black Knights only have a minority stake, maybe the ultras ire should be directed at the board?

I've been looking at the Lorient situation a fair bit and you're spot on with the last sentence. Their predicament is despite Foley's investment rather than because of it.

The Gordon family retain control of, and responsibility for, Hibs' performance. Black Knights will invest money, time, and resources into the club to help us achieve success, but they're not calling the shots on it and have given assurances to the SFA that they are not involved in the management of the club.

[matty_f]

Was thinking bout this and if the SFA said that money must be ring-fenced for infrastructure etc. and if HTC needed £1.5 million to upgrade, same for FF, would Foley say "BK will loan money for these improvements, as well as pay wages for loan players" , this would then free up money for player investment that would originally have went on upgrades? No idea but this is how it could have been presented to SFA

Just looked....https://www.spotrac.com/epl/afc-bournemouth/contracts/

Marcondes will earn £365,000 in the 6 months he's here, paid for by BK

From the SFA's statement on the dispensation being given, the only two conditions that they stipulated were that the Black Knights could own up to 29.9% of the club, and that their involvement could not preclude Hibs from competing in UEFA competitions.

What Hibs do with the money, on that basis, is entirely between us and Black Knights.

[CropleyWasGod]

I've been looking at the Lorient situation a fair bit and you're spot on with the last sentence. Their predicament is despite Foley's investment rather than because of it.

The Gordon family retain control of, and responsibility for, Hibs' performance. Black Knights will invest money, time, and resources into the club to help us achieve success, but they're not calling the shots on it and have given assurances to the SFA that they are not involved in the management of the club.


From the SFA's statement on the dispensation being given, the only two conditions that they stipulated were that the Black Knights could own up to 29.9% of the club, and that their involvement could not preclude Hibs from competing in UEFA competitions.

What Hibs do with the money, on that basis, is entirely between us and Black Knights.

I'm a bit confused by the management bit, Matty.

AIUI, Article 13 has been dispensed with, except for the 2 conditions you mention.

Article 13 itself prohibits any involvement in the management of the "other club".

So.... if it has been dispensed with, does that also dispense with the prohibition on management. ie that the BK CAN be involved?

[ozwoody]

From the SFA's statement on the dispensation being given, the only two conditions that they stipulated were that the Black Knights could own up to 29.9% of the club, and that their involvement could not preclude Hibs from competing in UEFA competitions.

What Hibs do with the money, on that basis, is entirely between us and Black Knights.


Thanks for clarity, as I say I wasn't in the know so was throwing it out there

[Chipper1875]

I'm a bit confused by the management bit, Matty.

AIUI, Article 13 has been dispensed with, except for the 2 conditions you mention.

Article 13 itself prohibits any involvement in the management of the "other club".

So.... if it has been dispensed with, does that also dispense with the prohibition on management. ie that the BK CAN be involved?
If they put a rep on the board , perhaps that is interpreted as being involved

[VoltaireHibs]

I've been looking at the Lorient situation a fair bit and you're spot on with the last sentence. Their predicament is despite Foley's investment rather than because of it.

The Gordon family retain control of, and responsibility for, Hibs' performance. Black Knights will invest money, time, and resources into the club to help us achieve success, but they're not calling the shots on it and have given assurances to the SFA that they are not involved in the management of the club.


But I'm fairly certain the chairperson of Lorient is perfectly happy if the fans are all howling at Foley. 😉

[MelbourneHibees]

The only thing I took from that was that a good way to funnel money into a club is for the parent company to pay 22 million to Lorient for a player who may or may not be worth that. If Foley and the Black Knights want to give us 10 million or whatever for a highly promising youngster it would be quite a clever deal all round. Foley stated he wanted us to produce good young players, and lots of them. This is probably why. Simplest way to pump money into a club and mutually beneficial.

And as the Black Knights only have a minority stake, maybe the ultras ire should be directed at the board?
I think their Ire is at the board? They aren't happy that a minority shareholder has snapped up one of their young prospects. They have sold 60 million in players this season so far so that level of transfer fee (20 million) isn't like a sudden influx of cash they aren't used to. It's maybe comparable to us selling a young McGinn for 5 million.

The line about them seeing themselves as a family club with historic philosophy struck an empathetic bone with me. Its exactly like Hibs.

[Jack]

From the SFA's statement on the dispensation being given, the only two conditions that they stipulated were that the Black Knights could own up to 29.9% of the club, and that their involvement could not preclude Hibs from competing in UEFA competitions.

What Hibs do with the money, on that basis, is entirely between us and Black Knights.

There are only two conditions that have been made public! We don't know how many others or what they say.

Black Knight BTW, no S!

[MelbourneHibees]

I've been looking at the Lorient situation a fair bit and you're spot on with the last sentence. Their predicament is despite Foley's investment rather than because of it.

The Gordon family retain control of, and responsibility for, Hibs' performance. Black Knights will invest money, time, and resources into the club to help us achieve success, but they're not calling the shots on it and have given assurances to the SFA that they are not involved in the management of the club.

I couldn't find anything online regarding how much Foley actually put into Lorient for his stake, where that money was ringfenced for or if he has put in any further investment. You say you've been keeping a close eye on them so was wondering if you had seen anything in relation to that?

You'd think with Lorient being bottom of the league the parent club would be looking to offer them either financial assistance or players on loan but the opposite seems to have happened with Bournemouth actually recalling a loan player.

[nonshinyfinish]

Marcondes will earn £365,000 in the 6 months he's here, paid for by BK

Very generous of Ben.

[Glory Lurker]

There are only two conditions that have been made public! We don't know how many others or what they say.


Just wait until the compulsory maroon home kit gets launched!

[CropleyWasGod]

I couldn't find anything online regarding how much Foley actually put into Lorient for his stake, where that money was ringfenced for or if he has put in any further investment. You say you've been keeping a close eye on them so was wondering if you had seen anything in relation to that?

You'd think with Lorient being bottom of the league the parent club would be looking to offer them either financial assistance or players on loan but the opposite seems to have happened with Bournemouth actually recalling a loan player.

I've been trying to find accounts for Lorient for a while, with no luck. The French equivalent of our Companies House is more impenetrable than ours.

[Dashing Bob S]

The point of it is that the game has long sold its soul to money. It’s part of a rapacious entertainment industry and that isn’t going to change. And yes, experience does show that it corrupts to the extent you can have egg on your face as the Hearts and Rangers fairly recent scenarios shows.

But the resurgence of both those clubs with more motivated fanbases with higher expectations shows that in the long run, such investment, even if the ship hits the rocks, eventually inflates the standing and status of a club on the field, whatever it does for their reputation of it. The truth of the matter is that people aren’t going to stop watching Man City or Newcastle because of their association with dodgy money and medieval, reactionary regimes with terrible human rights records. Yes, we laugh at Chelsea’s (relative) demise, but it is only relative.

I suppose this is a long winded way of saying, “let’s all laugh at Jam Tarts.”

Though it wouldn’t cover the expenses claim of a premiership agent, the Foley money is a major investment in Scottish football terms. So fans of Aberdeen and Hearts, in particular, are correct to be concerned.

Now I’m off to infiltrate kickback and enjoy an evil cackle or two about the (thinly and pathetically disguised as bravado mounting panic over there.

[Spike Mandela]

I've been trying to find accounts for Lorient for a while, with no luck. The French equivalent of our Companies House is more impenetrable than ours.

No offence but, you need to get out more.:greengrin

[hibsbollah]

**** it I will 😂
This season Lorient have received Roman Faivre valued at 15 million on loan. He had already however been on Loan with Lorient before joining Bournemouth so it seems Bournemouth wanted him but were happy to immediately loan him back to Lorient for 6 months. He is now Back at Bournemouth.

They've sold 60m worth of players and bought in 30 million.

Last January around the time Foley invested in Lorient they sold Dango Ouattara to Bournemouth for 22 million. He appears to have came through Lorients U18s/B team and Bournemouth snapped him up.

That's the only connections I can see so far. But I did find this article from last year as well.

https://onefootball.com/en/news/fc-lorient-fans-mobilise-against-bill-foley-ownership-36623789

FC Lorient’s ultra group Merlus Ultras 1995 have published an open letter to their club president Loïc Féry, denouncing the minority ownership held by AFC Bournemouth owner Bill Foley. The letter came in the context of fears surrounding the potential cherry-picking of two players in Dango Ouattara (20) and Enzo Le Fée (22) in recent day which have compounded already-present worries on the multi-club ownership model being implemented at the Breton side.

The statement by supporters expresses clearly “deep concern” by the minority ownership of Bill Foley in the club, saying that “FC Lorient has been boasting for years of being a family club, with a strong identity and its own philosophy of play. So why introduce an American into its capital who knows nothing of our history?”
Article continues.

French ultras are notoriously entitled and make unreasonable demands on top tier clubs on a regular basis. At Marseille the various ultras group could teach The Glasgow Rangers FC a thing or two about statements. Theres a new one every few days complaining about something, when theyre not burning down training centres or attacking opposition coaches. Im not sure the ramblings of Lorients ultra group tells us much about the state of things:wink:

[Jack]

No offence but, you need to get out more.:greengrin

What do you mean? He's just been to Maison des Entreprises and it was fermé!

[ozwoody]

Very generous of Ben.

As if it's coming out of his tanning budget!

[MelbourneHibees]

French ultras are notoriously entitled and make unreasonable demands on top tier clubs on a regular basis. At Marseille the various ultras group could teach The Glasgow Rangers FC a thing or two about statements. Theres a new one every few days complaining about something, when theyre not burning down training centres or attacking opposition coaches. Im not sure the ramblings of Lorients ultra group tells us much about the state of things:wink:

I just found this https://onefootball.com/en/news/truly-rotten-like-you-lorient-ultras-pour-400-kilograms-of-rotten-fish-at-teams-training-ground-after-4-0-humbling-to-rivals-brest-38764161 🤣

That said though, if there weren't happy a year ago then they definitely won't be now given the clubs sudden drop.

[nonshinyfinish]

I just found this https://onefootball.com/en/news/truly-rotten-like-you-lorient-ultras-pour-400-kilograms-of-rotten-fish-at-teams-training-ground-after-4-0-humbling-to-rivals-brest-38764161 🤣

That said though, if there weren't happy a year ago then they definitely won't be now given the clubs sudden drop.

Brest :tee hee:

[sleeping giant]

Brest :tee hee:

😆
Blast from the past right there.

[nonshinyfinish]

😆
Blast from the past right there.

Felt 15 years younger typing that.

[matty_f]

I'm a bit confused by the management bit, Matty.

AIUI, Article 13 has been dispensed with, except for the 2 conditions you mention.

Article 13 itself prohibits any involvement in the management of the "other club".

So.... if it has been dispensed with, does that also dispense with the prohibition on management. ie that the BK CAN be involved?

I don’t know but I think the assurances given were that they wouldn’t be and so wouldn’t be in breach of that aspect, based on what I’ve heard from Foley in interviews.

[CropleyWasGod]

I don’t know but I think the assurances given were that they wouldn’t be and so wouldn’t be in breach of that aspect, based on what I’ve heard from Foley in interviews.

Cheers.

There have been suggestions that the BK will have seats on the Board, which I would expect for a 25% stake. If that's correct, I suppose the line (as to whether that is "management") will be whether they are Exec or Non-exec.

[VoltaireHibs]

I've been trying to find accounts for Lorient for a while, with no luck. The French equivalent of our Companies House is more impenetrable than ours.

Anyone that has had to do anything business related with our French friends will find this highly unsurprising. The French do love their bureaucracy, although I believe they're trying to simplify things.

[VoltaireHibs]

Cheers.

There have been suggestions that the BK will have seats on the Board, which I would expect for a 25% stake. If that's correct, I suppose the line (as to whether that is "management") will be whether they are Exec or Non-exec.

They may have a non exec seat on the board, but it also depends on the relationship they have with IG and Ben K. They may feel that they require minimal input if the hymn sheet is agreeable. Someone may just be assigned to have oversight, to advise and assist. I do think Brian McDermott's job just became a bit more interesting. I assume we're going to have access to the Black Knight/Bournemouths databases on a variety of things on the football side.

Do they have a seat on the Lorient board? Does anyone know?

Just checked and the only board members publicly listed are Loic Fery and Foley. I would imagine there are a few more than that. Although it does state elsewhere that Foley has the option to extend his ownership percentage over time. Hm...

I see how this all came about now...

'Mr. Foley is the founder and Chairman, CEO and President of Foley Family Wines Holdings, Inc., which has grown to become a major producer, marketer and distributor of highly-acclaimed, handmade wines from some of the world’s greatest vineyards.'

[MelbourneHibees]

They may have a non exec seat on the board, but it also depends on the relationship they have with IG and Ben K. They may feel that they require minimal input if the hymn sheet is agreeable. Someone may just be assigned to have oversight, to advise and assist. I do think Brian McDermott's job just became a bit more interesting. I assume we're going to have access to the Black Knight/Bournemouths databases on a variety of things on the football side.

Do they have a seat on the Lorient board? Does anyone know?

Just checked and the only board members publicly listed are Loic Fery and Foley. I would imagine there are a few more than that. Although it does state elsewhere that Foley has the option to extend his ownership percentage over time. Hm...

I see how this all came about now...

'Mr. Foley is the founder and Chairman, CEO and President of Foley Family Wines Holdings, Inc., which has grown to become a major producer, marketer and distributor of highly-acclaimed, handmade wines from some of the world’s greatest vineyards.'




Foleys ling term plan for Lorient is full ownership I think.

[WhileTheChief..]

Their influence in this transfer window has been tremendous. If we can qualify for Europe it will really show the BKs that they’re on to a good thing with us.

Should be a good summer, with a refreshed squad for next season at last.

[04Sauzee]

Talks of St Johnston being bought by American Investors

https://twitter.com/scotsunsport/status/1759693434590216604?t=k3GCdwsn3HaMkKEjoFQ31A&s=19

[ScottB]

Talks of St Johnston being bought by American Investors

https://twitter.com/scotsunsport/status/1759693434590216604?t=k3GCdwsn3HaMkKEjoFQ31A&s=19

We were never going to be the only one, floodgates likely now open.

Foley and co may need to adjust their spending plans, but you’d hope they’d have factored in other clubs / investors getting involved…

[HoboHarry]

Hopefully the Americans will collectively see through the Uglies/ SFA bu*****t and take them on . I really hope so anyway....

[Viva_Palmeiras]

Anyone that has had to do anything business related with our French friends will find this highly unsurprising. The French do love their bureaucracy, although I believe they're trying to simplify things.

If only they had a word for it!;)

[Iain G]

Talks of St Johnston being bought by American Investors

https://twitter.com/scotsunsport/status/1759693434590216604?t=k3GCdwsn3HaMkKEjoFQ31A&s=19

Saint Johns Town as they will now be known 😁

[.Sean.]

If only they had a word for it!;)
Can only be good for Scottish football in general all this extra investment. It’s about time this country has the league it deserves and stopped being ridiculed by these fannies from England

[VoltaireHibs]

If only they had a word for it!;)

Indeed. 😉

[He's here!]

We were never going to be the only one, floodgates likely now open.

Foley and co may need to adjust their spending plans, but you’d hope they’d have factored in other clubs / investors getting involved…

Pretty sure Dundee and Dundee United are also American-owned?

[Smartie]

Saint Johns Town as they will now be known 😁

John’s Town Saints sounds better.

[Alex Trager]

This is behind a paywall.

Anyone got access?

https://www.edinburghinquirer.co.uk/p/the-us-billionaire-buying-into-hibs

[BoomtownHibees]

This is behind a paywall.

Anyone got access?

https://www.edinburghinquirer.co.uk/p/the-us-billionaire-buying-into-hibs

I’ve just created a new thread with it all on it. Be prepared, it’s quite a long article

[Donegal Hibby]

Significant funds will be made available.
https://www.edinburghnews.scotsman.com/sport/football/hibs/ben-kensell-makes-significant-hibs-promise-football-funds-transfer-4528873

[CropleyWasGod]

In the excitement :greengrin of the new website, the accounts and AGM notice seem to have vanished, or shifted.

Anyone know?

[nonshinyfinish]

In the excitement :greengrin of the new website, the accounts and AGM notice seem to have vanished, or shifted.

Anyone know?

Took a bit of hunting, but they're linked down the bottom of this page: https://www.hibernianfc.co.uk/club

AGM notice and most recent financial statement: https://www.hibernianfc.co.uk/club/age-notice-24/

Previous financial statements: https://www.hibernianfc.co.uk/club/financialstatements/

[CropleyWasGod]

Took a bit of hunting, but they're linked down the bottom of this page: https://www.hibernianfc.co.uk/club

AGM notice and most recent financial statement: https://www.hibernianfc.co.uk/club/age-notice-24/

Previous financial statements: https://www.hibernianfc.co.uk/club/financialstatements/

Cheers. They don't make it easy sometimes.

[Just_Jimmy]

Cheers. They don't make it easy sometimes.You think that was a mistake?

Sent from my SM-G991B using Tapatalk

[Hibbyradge]

You think that was a mistake?

Sent from my SM-G991B using Tapatalk

Shareholders have been sent all the details so they don't need to have a prominent place on the website.

[CropleyWasGod]

You think that was a mistake?

Sent from my SM-G991B using Tapatalk

No. Where they are now makes more sense than where they were before. (Policies?)

[overdrive]

Shareholders have been sent all the details so they don't need to have a prominent place on the website.

Have they? I received the notice of the AGM and the resolutions but not the accounts. Relied on them being on the website

[Ringothedog]

Have they? I received the notice of the AGM and the resolutions but not the accounts. Relied on them being on the website

The accounts do not get posted. The only way to see them is on the official website

[overdrive]

The accounts do not get posted. The only way to see them is on the official website

I know. That was my point. The quoted poster said the shareholders had been sent everything so the docs didn’t need to be prominent on the website. They hadn’t been sent everything.

[Ringothedog]

I know. That was my point. The quoted poster said the shareholders had been sent everything so the docs didn’t need to be prominent on the website. They hadn’t been sent everything.

👍

[IberianHibernian]

Says shareholders were " posted AGM details on 2nd February " , 3 weeks ago .
How have people received details ? By email ?

I`m not so naive that I don`t know reasons but should proposed changes in distribution of share ownership not have been discussed and voted on separately from AGM ?

We all know cup runs and high league positions help clubs financially , but do clubs not normally budget for seasons without any cup runs ?

[Hibbyradge]

Have they? I received the notice of the AGM and the resolutions but not the accounts. Relied on them being on the website

Yes, of course you're right. I meant the AGM stuff.

[Hibbyradge]

Says shareholders were " posted AGM details on 2nd February " , 3 weeks ago .
How have people received details ? By email ?



I received mine by post.

[04Sauzee]

Talk of Motherwell investment

https://twitter.com/Football_Scot/status/1760950237277909403?t=b4d9i7bYfJUOy-sykuDKGw&s=19

[matty_f]

Talk of Motherwell investment

https://twitter.com/Football_Scot/status/1760950237277909403?t=b4d9i7bYfJUOy-sykuDKGw&s=19

It was always going to happen - St Johnstone look to be going down that route as well, and there will be others to follow.

I think it's a case of get on board or get left behind. I've no idea to what extent either St Johnstone or Motherwell will get funded by new owners, but there has to be a model out there that works for Scottish clubs, and hopefully this is the way into finally breaking Celtic's grip on Scottish football, and to a lesser extent, Ranges' as well.

[JohnM1875]

Starting to worry a bit after the HSL decision.

Have to hope the AGM is just a formality and the guy with the shares, forgot his name, sorry, is onboard with the Gordons.

[Lago]

Talk of Motherwell investment

https://twitter.com/Football_Scot/status/1760950237277909403?t=b4d9i7bYfJUOy-sykuDKGw&s=19
Yip and it would mean a reduction in fan ownership, wonder if they like HSL would vote against?

[Allant1981]

Starting to worry a bit after the HSL decision.

Have to hope the AGM is just a formality and the guy with the shares, forgot his name, sorry, is onboard with the Gordons.

I'd imagine that conversations with him have already taken place, foley was certainly talking as though it was a done deal in the last interview

[TrinityHFC]

Starting to worry a bit after the HSL decision.

Have to hope the AGM is just a formality and the guy with the shares, forgot his name, sorry, is onboard with the Gordons.

I think if it is somehow voted against there would be a delay but it would get done a different way. If resolution 5 failed I think what would happen is that an offer would be made to current shareholders. There would be an absolutely minimal take up at the valuation and then the shares would be offered to BK to purchase.

[hibbydad]

I think if it is somehow voted against there would be a delay but it would get done a different way. If resolution 5 failed I think what would happen is that an offer would be made to current shareholders. There would be an absolutely minimal take up at the valuation and then the shares would be offered to BK to purchase.
It was put last night that they would approach it in a different way but I am far from convinced

[Spike Mandela]

Starting to worry a bit after the HSL decision.

Have to hope the AGM is just a formality and the guy with the shares, forgot his name, sorry, is onboard with the Gordons.

This news kind of makes Leslie Robb kingmaker. Anyone know his view of diluting his shares? In fact, anybody know anything about him at all?

[Pagan Hibernia]

This news kind of makes Leslie Robb kingmaker. Anyone know his view of diluting his shares? In fact, anybody know anything about him at all?

They'll have been in touch with him, have no doubt. The deal is already done. The Gordons know they have the numbers and the AGM will be a formality.

[overdrive]

They'll have been in touch with him, have no doubt. The deal is already done. The Gordons know they have the numbers and the AGM will be a formality.

Yep. Robb, a whole load of Hibs directors, others with a connection to Hibs and a US company with Bydand in its name (but not Bydand Sports) so presumably owned by the Gordons are all partners in a limited liability partnership called Hibernian Property LLP. So it looks like they have a pre-existing business relationship. I would be very surprised if he isn’t on board with it all.

[Brightside]

Yep. Robb, a whole load of Hibs directors, others with a connection to Hibs and a US company with Bydand in its name (but not Bydand Sports) so presumably owned by the Gordons are all partners in a limited liability partnership called Hibernian Property LLP. So it looks like they have a pre-existing business relationship. I would be very surprised if he isn’t on board with it all.

Yes AGM is a formality.

[gbhibby]

This news kind of makes Leslie Robb kingmaker. Anyone know his view of diluting his shares? In fact, anybody know anything about him at all?
You will find out all about him in LinkedIn. He will have the best interests of the club at heart,went to games with Leslie in the past so can vouch for him as being a good Hibby.

[Lago]

You will find out all about him in LinkedIn. He will have the best interests of the club at heart,went to games with Leslie in the past so can vouch for him as being a good Hibby.
That's good to know :aok:

[Ronniekirk]

It was always going to happen - St Johnstone look to be going down that route as well, and there will be others to follow.

I think it's a case of get on board or get left behind. I've no idea to what extent either St Johnstone or Motherwell will get funded by new owners, but there has to be a model out there that works for Scottish clubs, and hopefully this is the way into finally breaking Celtic's grip on Scottish football, and to a lesser extent, Ranges' as well.
It would of been nice if we could of had next season as the only new club with investment If both saints and Motherwell start next season with new investment as well it’s down to who recruits best and that’s where in recent years we have been badly let down