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14-09-2014, 03:33 PM
MSK

Quote:

Originally Posted by hibs4thecup1988

If we were paying the figure I was told about last night to Farmers company then it would go some way to explaining why we haven't produced anything since East Mains opened.

What figure ?
14-09-2014, 03:34 PM
hibs4thecup1988

Quote:

Originally Posted by happyhibbie

What figure ?

I got told £600,000 a year.

Not putting my opinion over, because I think my opinion of East Mains is well known.
14-09-2014, 03:35 PM
Caversham Green

Quote:

Originally Posted by southsider

The old adage was follow the money but with Hibs that is near impossible thanks to dummy companies, holding companies and the like. Even a Philademphia lawyer would struggle. We need clarity. And we need Petrie gone.

98% of the club's shares is owned by HFC Holdings Ltd, the other 2% is owned by fans in general.

10% of HFC Holdings Ltd is owned by Rod Petrie, the rest is under the control of Sir Tom Farmer. The structure that makes up that 90% is irrelevant to the club.

Not that difficult and I've never even been to Philademphia.
14-09-2014, 03:36 PM
Peevemor

Quote:

Originally Posted by hibs4thecup1988

If we were paying the figure I was told about last night to Farmers company then it would go some way to explaining why we haven't produced anything since East Mains opened.

Where is this "figure" coming from? It can't be the football club or it would show in the accounts. It can't be disguised as something else (eg. wages) as it wouldn't get past the auditors.

There seems to be people claiming to be "in the know" who in reality know the square root of sod all.
14-09-2014, 03:36 PM
Caversham Green

Quote:

Originally Posted by hibs4thecup1988

I got told £600,000 a year.

Not putting my opinion over, because I think my opinion of East Mains is well known.

Who told you that?

They were wrong.
14-09-2014, 03:39 PM
Caversham Green

Quote:

Originally Posted by Jim Herriot

Just got handed a card alleging that Rod Petrie is, in fact, a lizard.

Well, that's proof enough for me.

:)

It's certainly more believable than some of the pish that's appearing on this thread.
14-09-2014, 03:40 PM
hibs4thecup1988

Quote:

Originally Posted by Caversham Green

Who told you that?

They were wrong.

A close friend. And he said that group in question had "proof" that will come out in the next 2 weeks. Guess we will wait and see
14-09-2014, 03:41 PM
Mikey

Quote:

Originally Posted by hibs4thecup1988

A close friend. And he said that group in question had "proof" that will come out in the next 2 weeks. Guess we will wait and see

Why 2 weeks? Why not now?
14-09-2014, 03:42 PM
blackpoolhibs

Quote:

Originally Posted by Caversham Green

98% of the club's shares is owned by HFC Holdings Ltd, the other 2% is owned by fans in general.

10% of HFC Holdings Ltd is owned by Rod Petrie, the rest is under the control of Sir Tom Farmer. The structure that makes up that 90% is irrelevant to the club.

Not that difficult and I've never even been to Philademphia.

:tee hee:

If this lot had ANY evidence they'd be singing from the nearest rooftop.
14-09-2014, 03:42 PM
Caversham Green

Quote:

Originally Posted by hibs4thecup1988

A close friend. And he said that group in question had "proof" that will come out in the next 2 weeks. Guess we will wait and see

I predict that if they have any proof at all it does not come from the 21st century.
14-09-2014, 03:45 PM
MSK

Quote:

Originally Posted by hibs4thecup1988

A close friend. And he said that group in question had "proof" that will come out in the next 2 weeks. Guess we will wait and see

But the accounts posted on this thread are the truth so what is there to "come out" in two weeks ?...:confused:

**** ..this is better than Eastenders !!!
14-09-2014, 03:47 PM
PolmontHibby

Quote:

Originally Posted by hibs4thecup1988

I got told £600,000 a year.

Not putting my opinion over, because I think my opinion of East Mains is well known.

Let me give you a choice:

£24,000 in the KPMG audited financial statements (rent/leases have to be legally disclosed....as do transactions to related parties)
£600,000 is a figure you got told last night by someone???

With no disrespect to your informant.....I know which figure I believe.
And if anyone has any proof to the contrary they can report it somewhere better than on this forum or on a laminated card.
14-09-2014, 03:48 PM
hibs4thecup1988

Not got the effort to quote you all...

But I am just saying what I have heard. He maybe heard it as hearsay - but maybe he didn't.

I have gone over the accounts of 2012-13 and it doesnt say we own East Mains, also doesnt say we rent them either mind you.

We will see if anything happens.
14-09-2014, 03:48 PM
Viva_Palmeiras

Quote:

Originally Posted by hibs4thecup1988

If we were paying the figure I was told about last night to Farmers company then it would go some way to explaining why we haven't produced anything since East Mains opened.

For the hard of thinking like me can you explain the rationale behind that ?
14-09-2014, 03:48 PM
bigwheel

After reading the details , I think Brad and his buddies have been duped on this one ...someone has fed them duff info ...
14-09-2014, 03:50 PM
oregonhibby

#hibileaks

Even I could spell Philadelphia correctly. I think the people behind this should put all these facts in an open letter and personally sign it.

Why wait for 2 weeks? If they have the proof, publish and be dammed or sued!
14-09-2014, 03:52 PM
hibs4thecup1988

Quote:

Originally Posted by VivaPalmeiras

For the hard of thinking like me can you explain the rationale behind that ?

That we are giving £600k out every year, and instead of spending that on producing our talent that we were we are spending it on East Mains?

To produce ZERO in 7 years worth any note is ridiculous when we have the best training academy in Scotland.

Argue that if you wish.
14-09-2014, 03:55 PM
Caversham Green

Quote:

Originally Posted by hibs4thecup1988

Not got the effort to quote you all...

But I am just saying what I have heard. He maybe heard it as hearsay - but maybe he didn't.

I have gone over the accounts of 2012-13 and it doesnt say we own East Mains, also doesnt say we rent them either mind you.

We will see if anything happens.

Have another look.

Note 9 on page 14 tells us that the training centre is included in Tangible Fixed Assets at a valuation of £5,450,000. If the club didn't own it that valuation would not be there.
14-09-2014, 03:56 PM
PolmontHibby

Quote:

Originally Posted by hibs4thecup1988

Not got the effort to quote you all...

But I am just saying what I have heard. He maybe heard it as hearsay - but maybe he didn't.

I have gone over the accounts of 2012-13 and it doesnt say we own East Mains, also doesnt say we rent them either mind you.

We will see if anything happens.

Note 9: Fixed Assets
The Hibernian Training Centre is independently valued at £5.45 million and included as an asset in the financial statements of "The Hibernian Football Club Limited".

1. East Mains is an owned asset of THFCL
2. There are no significant rents or other leases
14-09-2014, 03:57 PM
bigwheel

Quote:

Originally Posted by hibs4thecup1988

That we are giving £600k out every year, and instead of spending that on producing our talent that we were we are spending it on East Mains?

To produce ZERO in 7 years worth any note is ridiculous when we have the best training academy in Scotland.

Argue that if you wish.

So what's your point ? Close the academy ? Because if that's your improvement plan - count me out !
14-09-2014, 03:57 PM
southsider

Quote:

Originally Posted by Caversham Green

98% of the club's shares is owned by HFC Holdings Ltd, the other 2% is owned by fans in general.

10% of HFC Holdings Ltd is owned by Rod Petrie, the rest is under the control of Sir Tom Farmer. The structure that makes up that 90% is irrelevant to the club.

Not that difficult and I've never even been to Philademphia.

And they are such a good job. We were only 12 minutes from being bottom of the championship for God's sake. I don't care what the structure is we need them gone. I care about MY club they do not.
14-09-2014, 03:58 PM
hibs4thecup1988

Quote:

Originally Posted by Caversham Green

Have another look.

Note 9 on page 14 tells us that the training centre is included in Tangible Fixed Assets at a valuation of £5,450,000. If the club didn't own it that valuation would not be there.

Hold my hands up to that.

As I say previously, I am not on anyones side. IF it is NOT true the club will no doubt release a statement on Monday you would imagine.
14-09-2014, 03:58 PM
Caversham Green

Quote:

Originally Posted by southsider

And they are such a good job. We were only 12 minutes from being bottom of the championship for God's sake. I don't care what the structure is we need them gone. I care about MY club they do not.

Which is a completely different argument.
14-09-2014, 04:01 PM
hibs4thecup1988

Quote:

Originally Posted by bigwheel

So what's your point ? Close the academy ? Because if that's your improvement plan - count me out !

Did I say that??? I am saying that could be a reason if the £600k figure was right.

Maybe the finance gurus could confirm if I am wrong...but if you owned a business and paying a mortgage on premises would this be shown on the balance sheet as an asset still?

And who knows...maybe the link up with Spartans is to get away from East Mains?? Under 20s games are already being moved and I believe the younger age groups are training or meeting up at Spartans now - as are the first team.
14-09-2014, 04:01 PM
oregonhibby

Quote:

Originally Posted by hibs4thecup1988

Hold my hands up to that.

As I say previously, I am not on anyones side. IF it is NOT true the club will no doubt release a statement on Monday you would imagine.

Why it is clear in the annual report?

Why the capital letters? Do you print stuff?
14-09-2014, 04:01 PM
Caversham Green

Quote:

Originally Posted by hibs4thecup1988

Hold my hands up to that.

As I say previously, I am not on anyones side. IF it is NOT true the club will no doubt release a statement on Monday you would imagine.

They really shouldn't have to release any statements about this nonsense, the annual financial statements speak for themselves.
14-09-2014, 04:03 PM
hibs4thecup1988

Quote:

Originally Posted by Caversham Green

They really shouldn't have to release any statements about this nonsense, the annual financial statements speak for themselves.

But if the leaflets or cards are lies or wrong then I am certain the club will want to ridicule this. Not everybody has access to the financial reports. It is slander on the club/STF
14-09-2014, 04:03 PM
Peevemor

Quote:

Originally Posted by hibs4thecup1988

Hold my hands up to that.

As I say previously, I am not on anyones side. IF it is NOT true the club will no doubt release a statement on Monday you would imagine.

Why should they? This is just the latest addition to the long list of unfounded accusations to be slung at STF, RP et al.

I'm not defending them, but make stuff up and you lose credibility.
14-09-2014, 04:06 PM
therealgavmac

Quote:

Originally Posted by Caversham Green

98% of the club's shares is owned by HFC Holdings Ltd, the other 2% is owned by fans in general.

10% of HFC Holdings Ltd is owned by Rod Petrie, the rest is under the control of Sir Tom Farmer. The structure that makes up that 90% is irrelevant to the club.

Not that difficult and I've never even been to Philademphia.

That's the coffee on the keyboard..... thanks for the laugh CG :aok:
14-09-2014, 04:06 PM
carnoustiehibee

Quote:

Originally Posted by hibs4thecup1988

But if the leaflets or cards are lies or wrong then I am certain the club will want to ridicule this. Not everybody has access to the financial reports. It is slander on the club/STF

Has Simon Pia got anything to do with this? I'm sure he mentioned it on twitter when the 3.5m bid went in a few weeks back

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