Debt

[TheFall]

Excuse my ignorance.
I should know this stuff.

Do Hibs have any debt or loans?
Do Hibs own Easter Road or does Tom Farmer?
Do Hibs own the training facility or does Tom Farmer?

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

Excuse my ignorance.
I should know this stuff.

Do Hibs have any debt or loans?
Do Hibs own Easter Road or does Tom Farmer?
Do Hibs own the training facility or does Tom Farmer?

Hibs have a loan due to the holding company. Being paid off, interest free, at £500k pa. It was £5m at 31 July 15, therefore will currently be £4.67m.

No other debt, other than the normal working capital creditors.

Hibs own both ER and EM.

[mjhibby]

The cup runs I'm sure will ensure this season at least means we may actually make a small profit. If we get to the final it will be a decent profit which will pay this year's debt repayment.

[TheFall]

This quote is hidden because you are ignoring this member. Show Quote

Hibs have a loan due to the holding company. Being paid off, interest free, at £500k pa. It was £5m at 31 July 15, therefore will currently be £4.67m.

No other debt, other than the normal working capital creditors.

Hibs own both ER and EM.

Thanks for that. It is an incredibly healthy picture.

Have read so much jiggery pokery guff over the years about football teams consolidating debts etc that it is often difficult for the uninitiated in financial matters to work out the real picture.

Hopefully between the cup runs, season tickets, TV money, share issues etc we can avoid further debt this season.

I think a lot of those who hate Petrie don't realise or understand how good a position he has put the club in. From an antiquated dump of a stadium and training in a public park to dream stadium, our own training complex and an easily serviced debt.

Look at Hearts in comparison, servicing a debt at 6% and needing to spend £10 million on a new stand. They are not going to reach break even for years.
Once you reach the stage of all the money being the clubs to spend on players you have a real chance at making progress.

All we have to do now is get promoted and persuade an extra 5000 folk to come through the gates.

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

Thanks for that. It is an incredibly healthy picture.

Have read so much jiggery pokery guff over the years about football teams consolidating debts etc that it is often difficult for the uninitiated in financial matters to work out the real picture.

Hopefully between the cup runs, season tickets, TV money, share issues etc we can avoid further debt this season.

I think a lot of those who hate Petrie don't realise or understand how good a position he has put the club in. From an antiquated dump of a stadium and training in a public park to dream stadium, our own training complex and an easily serviced debt.

Look at Hearts in comparison, servicing a debt at 6% and needing to spend £10 million on a new stand. They are not going to reach break even for years.
Once you reach the stage of all the money being the clubs to spend on players you have a real chance at making progress.

All we have to do now is get promoted an extra 5000 folk to come through the gates.

We don't have an overdraft facility, so there can't be any more debt.

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

The cup runs I'm sure will ensure this season at least means we may actually make a small profit. If we get to the final it will be a decent profit which will pay this year's debt repayment.

The debt is being repaid at £41k per month. That will have been budgeted for at the start of the season, when we expected to make a loss.

Any profit this season will be a bonus.

[blackpoolhibs]

This quote is hidden because you are ignoring this member. Show Quote

Thanks for that. It is an incredibly healthy picture.

Have read so much jiggery pokery guff over the years about football teams consolidating debts etc that it is often difficult for the uninitiated in financial matters to work out the real picture.

Hopefully between the cup runs, season tickets, TV money, share issues etc we can avoid further debt this season.

I think a lot of those who hate Petrie don't realise or understand how good a position he has put the club in. From an antiquated dump of a stadium and training in a public park to dream stadium, our own training complex and an easily serviced debt.

Look at Hearts in comparison, servicing a debt at 6% and needing to spend £10 million on a new stand. They are not going to reach break even for years.
Once you reach the stage of all the money being the clubs to spend on players you have a real chance at making progress.

All we have to do now is get promoted and persuade an extra 5000 folk to come through the gates.

Playing in the 2nd tier of the footballing backwater thats Scottish football for 2 consecutive seasons, maybe more?

I will thank god when he leaves, i will never thank him for anything else.

[Tyler Durden]

This quote is hidden because you are ignoring this member. Show Quote

Thanks for that. It is an incredibly healthy picture.

Have read so much jiggery pokery guff over the years about football teams consolidating debts etc that it is often difficult for the uninitiated in financial matters to work out the real picture.

Hopefully between the cup runs, season tickets, TV money, share issues etc we can avoid further debt this season.

I think a lot of those who hate Petrie don't realise or understand how good a position he has put the club in. From an antiquated dump of a stadium and training in a public park to dream stadium, our own training complex and an easily serviced debt.

Look at Hearts in comparison, servicing a debt at 6% and needing to spend £10 million on a new stand. They are not going to reach break even for years.
Once you reach the stage of all the money being the clubs to spend on players you have a real chance at making progress.

All we have to do now is get promoted and persuade an extra 5000 folk to come through the gates.

An incredibly healthy picture!

Think you're at the wind up here.

[TheFall]

This quote is hidden because you are ignoring this member. Show Quote

Playing in the 2nd tier of the footballing backwater thats Scottish football for 2 consecutive seasons, maybe more?

I will thank god when he leaves, i will never thank him for anything else.

Football fans and many of it's administrators are poor at looking at the big picture.
Hence the reason so many have almost put their clubs out of business.
A couple of seasons in the Championship will just be a blink in a long history.
The future is bright.

[Ozyhibby]

Shame he's lost 5000 supporters along the way.


Sent from my iPhone using Tapatalk

[blackpoolhibs]

This quote is hidden because you are ignoring this member. Show Quote

Shame he's lost 5000 supporters along the way.


Sent from my iPhone using Tapatalk

Never mind though, the futures bright, that man could put the sun out in Alaska.

[TheFall]

This quote is hidden because you are ignoring this member. Show Quote

An incredibly healthy picture!

Think you're at the wind up here.

A foolish man only judges overall health by what he can see on the park.
A wise man looks at the whole picture.

[BoomtownHibees]

This quote is hidden because you are ignoring this member. Show Quote

A foolish man only judges overall health by what he can see on the park.
A wise man looks at the whole picture.

Surely what is on the park is the overall goal though no??

[TheFall]

This quote is hidden because you are ignoring this member. Show Quote

Shame he's lost 5000 supporters along the way.


Sent from my iPhone using Tapatalk

I agree we are down to the hardcore 8500 fans.
The fair weather supporters are just that and will come back once we are the best Scottish team out with Rantic

[jgl07]

This quote is hidden because you are ignoring this member. Show Quote

Shame he's lost 5000 supporters along the way.


Sent from my iPhone using Tapatalk

Except that Hibs have more supporters than they had in the early 1990s when Petrie was brought it.

7,000 was a decent crowd at Easter Road around 1992.

[blackpoolhibs]

This quote is hidden because you are ignoring this member. Show Quote

I agree we are down to the hardcore 8500 fans.
The fair weather supporters are just that and will come back once we are the best Scottish team out with Rantic

Well the training ground is built, the stadiums finished and we've just popped into 3rd place, any idea when this world dominations going to emerge?

Pretty fed up listening to Gary Barlow warble that bloody song.

[since90plustwo]

This quote is hidden because you are ignoring this member. Show Quote

Surely what is on the park is the overall goal though no??

Hearts had a glorious team on the park. Then what happened........

We ended up in that position due to poor management but have all the platforms to go forward.

They ended up in that position due to poor ownership. They share a training centre and have to build a new stand.

[The Green Goblin]

Hiya Rod. Hiya pal. Quiet during the break is it?

[BoomtownHibees]

This quote is hidden because you are ignoring this member. Show Quote

Hearts had a glorious team on the park. Then what happened........

We ended up in that position due to poor management but have all the platforms to go forward.

They ended up in that position due to poor ownership. They share a training centre and have to build a new stand.

Who cares about them??

It still doesn't take away from the fact that the ultimate goal of the club is success on the park, not just an existence.

[Pete]

[The Green Goblin]

This quote is hidden because you are ignoring this member. Show Quote

Me too, if I'm being completely honest. You had the greater courage of your convictions to post it though....

[TheFall]

This quote is hidden because you are ignoring this member. Show Quote

Surely what is on the park is the overall goal though no??

Of course it is.
I think in 3 seasons we will be the third best team in Scotland.

Hearts have to spend £10 million on a new stand and pay Anne Budge 6% on the debt.
Aberdeen have a ground that is a dump and will need to be replaced at great expense.

Accordingly they won't have money to improve their teams.

We on the other hand have a tip top ground and a small debt being paid back interest free.
As such we will be able to spend our income on players.

I have never been more positive about the future of our club.

Leanne Dempster is doing a great job.
We have a decent if inexperienced manager who has brought in good players.
Farid will leave in the summer and hopefully McGeough can get his injury sorted out.
We have a potentially £3 million asset in John McGinn and £1 million in Jason Cummings

If we can sign two quality full backs who can cross the ball well, a good creative midfielder, a good striker and get Hanlon on a new contract we will have a top team.

[TheFall]

This quote is hidden because you are ignoring this member. Show Quote

Hearts had a glorious team on the park. Then what happened........

We ended up in that position due to poor management but have all the platforms to go forward.

They ended up in that position due to poor ownership. They share a training centre and have to build a new stand.

Correcto.
Nice jewellery but nae knickers

[Smartie]

This quote is hidden because you are ignoring this member. Show Quote

I agree we are down to the hardcore 8500 fans.
The fair weather supporters are just that and will come back once we are the best Scottish team out with Rantic

If we don't go up this season then our "hardcore" will be decimated further still.

We're lucky to have held onto as many fans as we have.

Yes, there are positives to point to in terms of the way the club is run financially but we are in a desperate "sporting" position right now that MUST be sorted with some big results towards the end of this season.

Or those figures that look quite rosy right now soon will not.

[Tyler Durden]

This quote is hidden because you are ignoring this member. Show Quote

A foolish man only judges overall health by what he can see on the park.
A wise man looks at the whole picture.

Miyaghi-esque quote but it's nonsense.

The whole picture is that we're paying off a debt built up due to Petrie's mismanagement. Without even mentioning what division we find ourself in.

There's nothing to celebrate about our financial position, we could have had the stadium and a East Mains and be debt free by now.

[NORTHERNHIBBY]

This quote is hidden because you are ignoring this member. Show Quote

A foolish man only judges overall health by what he can see on the park.
A wise man looks at the whole picture.

Sorry, but that's a ridiculous thing to say. It's that kind of view that has largely got us where we are. When you apply any other metric to football other than where you are in the league,then you have lost the plot.

[blackpoolhibs]

This quote is hidden because you are ignoring this member. Show Quote

Of course it is.
I think in 3 seasons we will be the third best team in Scotland.

Hearts have to spend £10 million on a new stand and pay Anne Budge 6% on the debt.
Aberdeen have a ground that is a dump and will need to be replaced at great expense.

Accordingly they won't have money to improve their teams.

We on the other hand have a tip top ground and a small debt being paid back interest free.
As such we will be able to spend our income on players.

I have never been more positive about the future of our club.

Leanne Dempster is doing a great job.
We have a decent if inexperienced manager who has brought in good players.
Farid will leave in the summer and hopefully McGeough can get his injury sorted out.
We have a potentially £3 million asset in John McGinn and £1 million in Jason Cummings

If we can sign two quality full backs who can cross the ball well, a good creative midfielder, a good striker and get Hanlon on a new contract we will have a top team.

If yer auntie had baws.

[TheFall]

This quote is hidden because you are ignoring this member. Show Quote

Well the training ground is built, the stadiums finished and we've just popped into 3rd place, any idea when this world dominations going to emerge?

Pretty fed up listening to Gary Barlow warble that bloody song.

No world domination i'm afraid or European for that matter but a good quality team that won't get relegated again.

Of course success is reliant on good administrators choosing good managers who will have to sign good players who are not prone to injury. That along with a wee bit of good luck.

The more supporters, the more money we will have to pay for quality players.

[silverhibee]

This quote is hidden because you are ignoring this member. Show Quote

Well the training ground is built, the stadiums finished and we've just popped into 3rd place, any idea when this world dominations going to emerge?

Pretty fed up listening to Gary Barlow warble that bloody song.

You would have thought we would have kicked on many years a go when all this was in place, and never mind 3rd place in 3 years time we could have been playing Barca in the next round of the CL by now.

But all is fine now, the future is bright as we sit 3rd in the lower leagues.

The fall ends here.

[silverhibee]

This quote is hidden because you are ignoring this member. Show Quote

Now now Peter.