Mad Dog Frazer Posted January 31, 2011 Share Posted January 31, 2011 weve all heard their the supposed best run club in Scotland but are their finances really that great?? ive heard varying stories from they dont actually own their stadium to they operate at a 2 million loss each year?? Please Discuss Link to comment Share on other sites More sharing options...
Johanes de Silentio Posted January 31, 2011 Share Posted January 31, 2011 weve all heard their the supposed best run club in Scotland but are their finances really that great?? ive heard varying stories from they dont actually own their stadium to they operate at a 2 million loss each year?? Please Discuss Things cannae be good for them if they're letting players go at such a crucial time. I do wonder whether something's up. Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted January 31, 2011 Share Posted January 31, 2011 I strongly suspect no. Link to comment Share on other sites More sharing options...
Alan_R Posted January 31, 2011 Share Posted January 31, 2011 Letting all the higher earners go. Letting contracts run down. Bringing in loans Somethings up. Hibbees I know reckon they might be looking to create a clean slaste so they can sell up. Link to comment Share on other sites More sharing options...
winston churchill Posted January 31, 2011 Share Posted January 31, 2011 Letting all the higher earners go. Letting contracts run down. Bringing in loans Somethings up. Hibbees I know reckon they might be looking to create a clean slaste so they can sell up. the tyre boy wullnae sell us doon thu river. they yams will be oot the box soon. flats,flats,glorious flats Link to comment Share on other sites More sharing options...
The Merse Posted January 31, 2011 Share Posted January 31, 2011 Hibs finances will be shown up if they can't produce a player to punt on for ?2m + like they have for the last few seasons. Their crowds are down and they have nobody worth a transfer fee of any note. Hibs will make a hefty loss in their next years accounts. Link to comment Share on other sites More sharing options...
Drylaw Hearts Posted January 31, 2011 Share Posted January 31, 2011 Not really that fussed either way tbh. Link to comment Share on other sites More sharing options...
Paulie Walnut Posted January 31, 2011 Share Posted January 31, 2011 weve all heard their the supposed best run club in Scotland but are their finances really that great?? ive heard varying stories from they dont actually own their stadium to they operate at a 2 million loss each year?? Please Discuss You are correct on both points, they balanced the last accounts with sell on % fees. Link to comment Share on other sites More sharing options...
rye1874 Posted January 31, 2011 Share Posted January 31, 2011 Well they spent quite some money on their new stand, with the assumption that it would be filled, resulting in higher gate receipts. We can safely assume thats not gonna happen And they assumed they would be competing in European football regularly, which also won't happen! So big losses I think Link to comment Share on other sites More sharing options...
Sharpie Posted January 31, 2011 Share Posted January 31, 2011 I am sure the one to ask would be the financial genius that is Sergey. Link to comment Share on other sites More sharing options...
stew mc Posted January 31, 2011 Share Posted January 31, 2011 The 'Stands' are Mortgaged, so they dont own them yet!! Well they spent quite some money on their new stand, with the assumption that it would be filled, resulting in higher gate receipts. We can safely assume thats not gonna happen And they assumed they would be competing in European football regularly, which also won't happen! So big losses I think Link to comment Share on other sites More sharing options...
InNothingWeTrust Posted January 31, 2011 Share Posted January 31, 2011 Any chance of a Hibs super-thread, similar to the Chelsea equivalent? Seven threads involving Hibs on the front page of the Terrace, with a lot more posts involving Hibs. We get it. They're shit. I remember not so long ago when folk on here were commenting on how obsessed they were with us. It's much the opposite now. I know they are our rivals, but this obsession has gone too far. To save me some time replying; Why do you open the threads and/or post on them? To post this rant. Link to comment Share on other sites More sharing options...
bighusref Posted January 31, 2011 Share Posted January 31, 2011 Not really that fussed either way tbh. Kinda agree. However, if they went out of business, I would be delighted. As for what I think the state of their finances. I think it is worse than the club let on but better than some Hearts fans say it is. One thing for certain, they have no saleable assets (something that has propped up their income for a few years now) and they look odds on for relegation. Their finances are not likely to get any better in the forseeable future. Link to comment Share on other sites More sharing options...
Miller Jambo 60 Posted January 31, 2011 Share Posted January 31, 2011 weve all heard their the supposed best run club in Scotland but are their finances really that great?? ive heard varying stories from they dont actually own their stadium to they operate at a 2 million loss each year?? Please Discuss They aint got a team either, going down quicker than the titanic. Link to comment Share on other sites More sharing options...
H2 Posted January 31, 2011 Share Posted January 31, 2011 Hibs will never progress as long as Farmer is the owner, he clearly stated when he took them over it was purely as a community service. Link to comment Share on other sites More sharing options...
WorldChampions1902 Posted January 31, 2011 Share Posted January 31, 2011 Hibs will never progress as long as Farmer is the owner, he clearly stated when he took them over it was purely as a community service. Hobbits and 'Community Service' go hand-in-hand. Link to comment Share on other sites More sharing options...
Armageddon Posted January 31, 2011 Share Posted January 31, 2011 Link to comment Share on other sites More sharing options...
Jamie Mck Posted January 31, 2011 Share Posted January 31, 2011 The stadium does not actually belong to Hibernian fc. When farmer took over he moved the stadium over to hibs holdings. Iv always said farmer was there get out of jail card. Any successful business man like himself will have a group of advisors and I think the time has come where these people are telling him that he can no longer go on pumping money into them. Hibs have always had there sugar daddy there to bail them out and it might b that he has had it with them Link to comment Share on other sites More sharing options...
John Findlay Posted January 31, 2011 Share Posted January 31, 2011 My understanding(and I am sure the Hibernian accountant expert(s) will put me right if I am wrong) is this. Hibernian FC are not a seperate company but an arm of Hibernian holdings ltd which is majority owned by Sir Tom Farmer and which Mr Rod Petrie has a sizeable stake in too. Sir Tom Farmer does not pump money into Hibs football club willy nilly. He loans money to them and he charges interest on those loans at a rate of approx 6%. Furthermore Sir Tom Farmer has no interest in football "he finds it boring" his own words as said directly to myself. He prefers the sport of Rugby Union. Sir Tom Farmer is a cannae man with his bawbees. He has a Senior railcard which he uses frequently when travelling by train. This allows hims to get a 1/3rd discount on all rail travel anywhere in the UK. He is also partial to a burger and a mug of coffee/tea at Wannaburger in the West End. Yes he is actively seeking to sell Hibs. He wont sell to just anyone. Hibs football club are in debt. There are no clubs in the SPL who are not. John John Link to comment Share on other sites More sharing options...
jambopompey Posted January 31, 2011 Share Posted January 31, 2011 The stadium does not actually belong to Hibernian fc. When farmer took over he moved the stadium over to hibs holdings. Iv always said farmer was there get out of jail card. Any successful business man like himself will have a group of advisors and I think the time has come where these people are telling him that he can no longer go on pumping money into them. Hibs have always had there sugar daddy there to bail them out and it might b that he has had it with them STF has never pumped money into them, he has saved them, but on doing so he ensured his inc=vestment was secured, notice now that there is no land to sell off now and the conveyor belt of multi million players has dried up that they are in the shite Link to comment Share on other sites More sharing options...
Luton Jambo Posted January 31, 2011 Share Posted January 31, 2011 Any chance of a Hibs super-thread, similar to the Chelsea equivalent? The problem with that is the words Hibs and Super don't really belong in the same sentence. Link to comment Share on other sites More sharing options...
John Findlay Posted January 31, 2011 Share Posted January 31, 2011 My understanding(and I am sure the Hibernian accountant expert(s) will put me right if I am wrong) is this. Hibernian FC are not a seperate company but an arm of Hibernian holdings ltd which is majority owned by Sir Tom Farmer and which Mr Rod Petrie has a sizeable stake in too. Sir Tom Farmer does not pump money into Hibs football club willy nilly. He loans money to them and he charges interest on those loans at a rate of approx 6%. Furthermore Sir Tom Farmer has no interest in football "he finds it boring" his own words as said directly to myself. He prefers the sport of Rugby Union. Sir Tom Farmer is a cannae man with his bawbees. He has a Senior railcard which he uses frequently when travelling by train. This allows hims to get a 1/3rd discount on all rail travel anywhere in the UK. He is also partial to a burger and a mug of coffee/tea at Wannaburger in the West End. Yes he is actively seeking to sell Hibs. He wont sell to just anyone. Hibs football club are in debt. There are no clubs in the SPL who are not. John John Link to comment Share on other sites More sharing options...
stew mc Posted January 31, 2011 Share Posted January 31, 2011 WE KNOW! My understanding(and I am sure the Hibernian accountant expert(s) will put me right if I am wrong) is this. Hibernian FC are not a seperate company but an arm of Hibernian holdings ltd which is majority owned by Sir Tom Farmer and which Mr Rod Petrie has a sizeable stake in too. Sir Tom Farmer does not pump money into Hibs football club willy nilly. He loans money to them and he charges interest on those loans at a rate of approx 6%. Furthermore Sir Tom Farmer has no interest in football "he finds it boring" his own words as said directly to myself. He prefers the sport of Rugby Union. Sir Tom Farmer is a cannae man with his bawbees. He has a Senior railcard which he uses frequently when travelling by train. This allows hims to get a 1/3rd discount on all rail travel anywhere in the UK. He is also partial to a burger and a mug of coffee/tea at Wannaburger in the West End. Yes he is actively seeking to sell Hibs. He wont sell to just anyone. Hibs football club are in debt. There are no clubs in the SPL who are not. John John Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.