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Hibs debt situation explained by Hibs Supporters Ltd Chairman.


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leipzig76
2 hours ago, Jaap's Sigh said:

I seriously hope the ****ers go down the tubes. I’ll never forget or forgive their conduct during our administration.

 

Rot in hell you verminous, smelly tramps. 

I was down at Easter Road the day Wallace launched the takeover.I was there with my best mate and his two brothers (all of them Hibs fans) commiserating with them- genuinely ! - but after the letter writing to the Lithuanians and all the s~~t they've thrown at our club since then ? I'm with you Jaap - Load tubes 1+2 !.

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leipzig76
2 hours ago, Armageddon said:

And folk on here greet about our hotel 😂

 

I read that and couldn’t help but masterbate, the only downside is…. im on the train to work.

 

Keep up the good work Hibernian FC ❤️😂

So that was you then ?

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3 hours ago, Carter said:

They've needed the Foley investment to compensate for the inability to generate revenue at a level to match their outlay. They've seen Hearts and Aberdeen generate additional revenue of c. £5M in each of the past 2 years from European group stage football. They now have a real challenge to even make top 6 this season with only one place up for grabs. I wouldn't fancy Montgomery against Warnock in a straight shoot out for a top 6 spot. They're so far off its absolutely frightening. 

 

Their approach to recruitment now seems completely up in the air. A scsttergun approach at best. Moreover, you ain't generating player trading revenue if the players don't belong to you!. Youan end product remains a huge issue and nobody is paying a fee for an ageing Martin Boyle who isn't the rapid threat he once was and who's play acting is now an utter embarrassment. 

 

Makes you wonder how much worse things would've been had they not cashed in on Nisbet. Hibs look in s real mess. This is a very real illustration of what happens with a succession of terrible managerial appointments and the type of garbage recruitment that happens as a consequence.

 

They need to hope that Foley is incredibly generous with the standard of loanee who walks through the door. Otherwise this will turn to shit very quickly. 

 

Doctors should be prescribing copies of this post instead of Viagra from now on.

 

Full-on ragers all round after reading it.

 

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49 minutes ago, kingantti1874 said:

It’s pretty clear they NEED the black knights money.  They are in serious bother of they don’t accept 

I believe that as well. Wouldn’t surprise me if this was the start of the Gordon’s exit strategy. They walk, debt free or sell the assets to Foley who then owns them outright.

keep an eye on Lorient if they go down. Will Foley stick with them or try buying a Lithuanian Basketball team?

personally I hope they suffer death by a thousand cuts. Tramps!

 

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Section Q
1 hour ago, leipzig76 said:

I was down at Easter Road the day Wallace launched the takeover.I was there with my best mate and his two brothers (all of them Hibs fans) commiserating with them- genuinely ! - but after the letter writing to the Lithuanians and all the s~~t they've thrown at our club since then ? I'm with you Jaap - Load tubes 1+2 !.

Don't forget the "party", when they turned up to wave us goodbye......... karma.......?

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leipzig76
2 minutes ago, Section Q said:

Don't forget the "party", when they turned up to wave us goodbye......... karma.......?

Yep I was there that day and I'm still laughing my arse off about it !

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22 minutes ago, EIEIO said:

Originally they were Hibernians then Hibernian , must be Hibernia next?


Just ‘ Hibs ‘ after that 

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Bindy Badgy
31 minutes ago, FarmerTweedy said:

I thought we were the Establishment club? Can you be that and the community club at the same time?  

 

Schrödinger's football club. We can be either depending on which myth they're peddling.

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leipzig76
1 hour ago, Rods said:


I am not so sure that a good manager will make a difference. He will be forced to play who the BK decide and the clubs youngsters look at the recent Delfeirre and Whittaker being hoisted into the first team which went badly.

 

The turnover per season on players will prevent any momentum. 

Yep ! I'm with you on that one . I think this is how it's going to be from now on.

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vegas-voss
1 hour ago, Australis said:

Wonder if now that Ron Gordon has passed, if the remaining family members want out of the club, and Foley is the start.

 

Will they just sit on their Easter road investment while watching the prices for housing development on the site going up and up.

 

If Foley was allowed he would have had the whole club.As others have said these guys are now in control the Gordon's will take a wee wedge to play along.

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FarmerTweedy
57 minutes ago, CloustonHMFC said:

From someone on the outside, with a fairly limited business knowledge, this looks to me to be paving the way for the Gordons to sell up a little down the line. Changing the procedures that mean someone only has to buy 80% of the shares to force the minority shareholders to sell is a sly move and one the vast majority won't understand or take into consideration. Give it 5 years and Hibs will be a lower half Premiership side with a bunch of Bournemouth academy players on loan, and all Hibs youth talent get sent there for peanuts.

That's what they are at the moment, isn't it? 

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gar jambo
3 hours ago, Dazo said:

I think this is something for the braindead amongst us to digest when screaming about the fat farters or old ladies running our club. The contrast couldn’t be any more stark. 

There is no way  on this land hibs paying ll thise top players 10 k and poor season tickets!  and 3 mananagers they were not going to be in debt ! 

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Malinga the Swinga

If you read .net, there are a couple of posters who are shooting down anyone who dares suggest that Foley and Black Knights are not to be trusted.

Quite a few are concerned about what will happen but any questions net with 'its for the vest', 'we will have millions to spend' in response.

If they query the reduction from 90% to 80% required to buy their club, then you are an distraction or not really a supporter.

Worrying times for them, hilarious times for us.

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3 hours ago, Jaap's Sigh said:

I seriously hope the ****ers go down the tubes. I’ll never forget or forgive their conduct during our administration.

 

Rot in hell you verminous, smelly tramps. 

Seems perfectly fair to me! 

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leipzig76
2 minutes ago, Malinga the Swinga said:

If you read .net, there are a couple of posters who are shooting down anyone who dares suggest that Foley and Black Knights are not to be trusted.

Quite a few are concerned about what will happen but any questions net with 'its for the vest', 'we will have millions to spend' in response.

If they query the reduction from 90% to 80% required to buy their club, then you are an distraction or not really a supporter.

Worrying times for them, hilarious times for us.

Sorry Mal but.... "vest ?"

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Vlad Magic

Wonder how our old pal Kevin Moffat is getting on?

 

Penny for his thoughts right now 🤣

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Malinga the Swinga
Just now, leipzig76 said:

Sorry Mal but.... "vest ?"

Damn these sausage fingers. For the best although doing all this for a vest would be something 

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FarmerTweedy
38 minutes ago, Deevers said:

The sad thing about Hibs supporters is there complete inability to learn from the past. 

 

I'd say that's one of the good things about them!

 

38 minutes ago, Deevers said:

They had a cast iron opportunity to take control of their own club but in true Hibs fashion they blew it big style.  Now they are once again at the mercy of people who might well have their eyes of the commercial value of the real estate they have on their hands.  

I'm not sure the bit in bold is actually true. I know it's fun to mock the failure of HSL, especially when compared to the success of FoH, but I'm fairly sure the way it was set up, they could only ever buy enough shares through it to reduce Tom Farmer's shareholding to 51%, meaning that they could never actually have taken control through that scheme. They could only ever have been a minority shareholder. I think that was a factor in the scheme failing quite as badly as it did. 

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Section Q
1 hour ago, Famous 1874 said:

Enjoyable read. Would read again.

 

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22 minutes ago, Sooks said:

Just ‘ Hibs ‘ after that 

Hibernians -> Hibernian ->......Hibernate? :) 

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3 minutes ago, FarmerTweedy said:

 

I'd say that's one of the good things about them!

 

I'm not sure the bit in bold is actually true. I know it's fun to mock the failure of HSL, especially when compared to the success of FoH, but I'm fairly sure the way it was set up, they could only ever buy enough shares through it to reduce Tom Farmer's shareholding to 51%, meaning that they could never actually have taken control through that scheme. They could only ever have been a minority shareholder. I think that was a factor in the scheme failing quite as badly as it did. 

Had they pressed on with HSL  buying up as many shares as they could they would certainly been in a far stronger position and their shares would have had a clout. There was a concerted agenda by quite a few calling it a “Ponzi Scheme” etc, etc that inevitably impacted on the number of people taking part in HSL.  They’ve been almost completely marginalised now.  As things progress now all HSL can do is bay  at the moon from the sidelines. All that’s going on just now down there has a vague whiff of Duff and Co. 

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fabienleclerq

Was there not some sort if debt for equity thing? So do they actually owe the Gordon's that amount? Or did they swap it for shares?

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buzzbomb1958
18 minutes ago, leipzig76 said:

Sorry Mal but.... "vest ?"

He means Hibs players will be playing for the vest cos they won’t be able to afford football strip soon 🤣🤣🤣

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gorgie rools

Was told by an agent when Foley's name 1st appeared that he wouldn't them within 2 years

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been here before
2 hours ago, I.T.K said:

 

Some of those posters have already poted on this thread. The irony!! :lol:  

 

Slagging HSL whilst having stopped contributing to the FOH through having a hissy fit :rofl:

 

Thats almost funnier than the state Hibs are currently heading toward.

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2 hours ago, Fozzyonthefence said:


What a load of pish!  Hibs were in millions of debt too until Bank of Scotland decided to write off all their football debts in Scotland. 

The majority of hobbits are fantasists and choose to ignore or wipe from their deluded minds anything that makes their sad, pathetic club look bad.

 

I hope their demise is prolonged, slow and painful. Feck them all.

 

 

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132goals1958
11 minutes ago, Deevers said:

Had they pressed on with HSL  buying up as many shares as they could they would certainly been in a far stronger position and their shares would have had a clout. There was a concerted agenda by quite a few calling it a “Ponzi Scheme” etc, etc that inevitably impacted on the number of people taking part in HSL.  They’ve been almost completely marginalised now.  As things progress now all HSL can do is bay  at the moon from the sidelines. All that’s going on just now down there has a vague whiff of Duff and Co. 

 

At least a significant minority holding would offer some protection in applying to the courts should there be any misappropriation of assets . Black Knight somehow conjures up a sinister shiver down the spine feeling.

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i wish jj was my dad
1 hour ago, leipzig76 said:

I was down at Easter Road the day Wallace launched the takeover.I was there with my best mate and his two brothers (all of them Hibs fans) commiserating with them- genuinely ! - but after the letter writing to the Lithuanians and all the s~~t they've thrown at our club since then ? I'm with you Jaap - Load tubes 1+2 !.

I was the same. I was appalled at the time and went along to their rally. 

Happy to see them flushed down the toilet now though. 

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scott herbertson
5 minutes ago, 132goals1958 said:

 

At least a significant minority holding would offer some protection in applying to the courts should there be any misappropriation of assets . Black Knight somehow conjures up a sinister shiver down the spine feeling.

 

 

Monty, Black Knight, Hibsing it you say?

 

 

Monty Python and the Holy Grail - Black Knight - YouTube

 

 

Not so much sinister as deluded and laughable

Edited by scott herbertson
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Bungalow Bill
1 hour ago, Deevers said:

The sad thing about Hibs supporters is there complete inability to learn from the past. They had a cast iron opportunity to take control of their own club but in true Hibs fashion they blew it big style.  Now they are once again at the mercy of people who might well have their eyes of the commercial value of the real estate they have on their hands.  

They blew due to mocking our structure/setup with the FoH. When it came to their opportunity to do it, it was a complete non-starter. 
 

If all Foley is putting in is £6 million it won’t make one bit of a difference. 

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highlandjambo3
1 hour ago, EIEIO said:

Originally they were Hibernians then Hibernian , must be Hibernia next?

Just Hernia I’d imagine 😁

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sunblestjambo
4 hours ago, Armageddon said:

And folk on here greet about our hotel 😂

 

I read that and couldn’t help but masterbate, the only downside is…. im on the train to work.

 

Keep up the good work Hibernian FC ❤️😂

😂 

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leipzig76
36 minutes ago, buzzbomb1958 said:

He means Hibs players will be playing for the vest cos they won’t be able to afford football strip soon 🤣🤣🤣

Yaaaassss !!!

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leipzig76
55 minutes ago, Malinga the Swinga said:

Damn these sausage fingers. For the best although doing all this for a vest would be something 

..Playing for the vest !!

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Thunder and Lightning

Guys, calm down, they owe the money to themselves, it's fine.  

 

There is no way this will end in disaster.  (for the investors)

 

tick tock.

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Jambo-Jimbo
4 hours ago, Jaap's Sigh said:

I seriously hope the ****ers go down the tubes. I’ll never forget or forgive their conduct during our administration.

 

Rot in hell you verminous, smelly tramps. 

 

Absolutely 100% this.

 

People need to remember what they did and tried to do went (in my book) way beyond acceptable football rivalry, this wasn't one or two bitter fans writting letters, no this was an organised and orchestrated campaign by dozens if not hundreds to kill us off and they very very nearly succeeded in doing so. 

 

They didn't care if there was never another derby as they had one aim and that was to kill us off, to see us die.

I have always been of the opinion that what goes around comes around and one day it would be Hibs who were in the shit, that day looks to be getting closer, but I won't lower myself to their level and write letters or even actively campaign for their demise, equally though I won't lift a finger to help them.

 

To any Hibs fans looking in and reading this, you changed everything by your actions when we were in administration.

Karma is coming, maybe not this month or even this year, but trust me it is coming to you, and you have nobody to blame but yourselves.

 

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Footballfirst
49 minutes ago, FarmerTweedy said:

 

I'd say that's one of the good things about them!

 

I'm not sure the bit in bold is actually true. I know it's fun to mock the failure of HSL, especially when compared to the success of FoH, but I'm fairly sure the way it was set up, they could only ever buy enough shares through it to reduce Tom Farmer's shareholding to 51%, meaning that they could never actually have taken control through that scheme. They could only ever have been a minority shareholder. I think that was a factor in the scheme failing quite as badly as it did. 

The plan was for STF/RP to reduce their holding to 49% of the club by selling shares to  to HSL.  Together with existing small shareholdings, the "fans" could then own a majority shareholding of 51%, but in practice it would be all but impossible for all the individual shareholders to vote together on any issue.  

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pettigrewsstylist
3 hours ago, Geddyalexneil said:

This bit here...

 

It’s sad that as a club we spent so long doing things the right way while Hearts didn’t yet they end up the community club and we are now at the whim of the investment market.

 

How deluded or indeed up their own sphincter are these folks? They believe they have some sort of moral superiority over us in all they have done. Jeez, they need help!

The CANNOT move forward. 19 May cannot be overcome. 

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3 hours ago, Geddyalexneil said:

This bit here...

 

It’s sad that as a club we spent so long doing things the right way while Hearts didn’t yet they end up the community club and we are now at the whim of the investment market.

 

How deluded or indeed up their own sphincter are these folks? They believe they have some sort of moral superiority over us in all they have done. Jeez, they need help!

One word - Arseholes 

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Vlad Magic
9 minutes ago, Jambo-Jimbo said:

 

Absolutely 100% this.

 

People need to remember what they did and tried to do went (in my book) way beyond acceptable football rivalry, this wasn't one or two bitter fans writting letters, no this was an organised and orchestrated campaign by dozens if not hundreds to kill us off and they very very nearly succeeded in doing so. 

 

They didn't care if there was never another derby as they had one aim and that was to kill us off, to see us die.

I have always been of the opinion that what goes around comes around and one day it would be Hibs who were in the shit, that day looks to be getting closer, but I won't lower myself to their level and write letters or even actively campaign for their demise, equally though I won't lift a finger to help them.

 

To any Hibs fans looking in and reading this, you changed everything by your actions when we were in administration.

Karma is coming, maybe not this month or even this year, but trust me it is coming to you, and you have nobody to blame but yourselves.

 


Sums up my thoughts.

 

Would never under any circumstances try and affect the outcome of their predicament. Thats just weird behaviour and those in the green side who did really need their head’s examining.

 

Will I take enjoyment watching this thing unfold? Yes.

 

Do I want them to go tits up. Yes

 

Do I have any sympathy? None whatsoever.

 

My relationship with Hibs changed after our admin phase and their attempts to **** it up.

 

I hope their club disappears forever.

 

 

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15 minutes ago, Jambo-Jimbo said:

 

Absolutely 100% this.

 

People need to remember what they did and tried to do went (in my book) way beyond acceptable football rivalry, this wasn't one or two bitter fans writting letters, no this was an organised and orchestrated campaign by dozens if not hundreds to kill us off and they very very nearly succeeded in doing so. 

 

They didn't care if there was never another derby as they had one aim and that was to kill us off, to see us die.

I have always been of the opinion that what goes around comes around and one day it would be Hibs who were in the shit, that day looks to be getting closer, but I won't lower myself to their level and write letters or even actively campaign for their demise, equally though I won't lift a finger to help them.

 

To any Hibs fans looking in and reading this, you changed everything by your actions when we were in administration.

Karma is coming, maybe not this month or even this year, but trust me it is coming to you, and you have nobody to blame but yourselves.

 

 

And absolutely 100% this, JJ. 

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14 minutes ago, Jambo-Jimbo said:

 

Absolutely 100% this.

 

People need to remember what they did and tried to do went (in my book) way beyond acceptable football rivalry, this wasn't one or two bitter fans writting letters, no this was an organised and orchestrated campaign by dozens if not hundreds to kill us off and they very very nearly succeeded in doing so. 

 

They didn't care if there was never another derby as they had one aim and that was to kill us off, to see us die.

I have always been of the opinion that what goes around comes around and one day it would be Hibs who were in the shit, that day looks to be getting closer, but I won't lower myself to their level and write letters or even actively campaign for their demise, equally though I won't lift a finger to help them.

 

To any Hibs fans looking in and reading this, you changed everything by your actions when we were in administration.

Karma is coming, maybe not this month or even this year, but trust me it is coming to you, and you have nobody to blame but yourselves.

 


This is exactly where I am too . Everything changed during our administration and the way they behaved . All because they knew they could never better us on the pitch . They actually tried to play a part in the death of our club . The thread is there on their forum if anyone needs to remind themselves . I want them gone 

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3 minutes ago, pettigrewsstylist said:

1.33.......GIRFUY.

 

 

Superb, bud. :yas:

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pettigrewsstylist
59 minutes ago, suds66 said:

The majority of hobbits are fantasists and choose to ignore or wipe from their deluded minds anything that makes their sad, pathetic club look bad.

 

I hope their demise is prolonged, slow and painful. Feck them all.

 

 

Poppies n'that but...

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