Tommy Tappin

Monty needs 3 points in this one. It's the last game before Foley arrives. He needs to impress the new boss who, of course, has no involvement in the running of the club whatsoever.

At least we hooked Youan nice and early into the 2nd half. Now Tavares needs to drop out of the squad altogether.

We've got no final ball whatsoever. Myziane to the left and Vente up top please. Youan can play fives for the rest of the season.

https://www.hibernianfc.co.uk/article/easter-road-stadium-improvements-2024-25

About time Monty delivered a result like that. Now let's see him do it in the league.

Goalless at the half.

Lovely fella but.... https://www.theoffsideline.com/huge-hike-in-sru-top-executive-salaries-revealed/ Yes there is. Alex Salmond. Who are you again?

This is the potential to be a huge banana skin...for ICT.

I've had a wee bit more of a wade through the fine print of what's being proposed at the AGM and it all boils down to a bit of a watershed moment for us Hibees. We either want to be a 'break the bank/push the boat out/show some ambition/loosen the purse strings club or we want to be a community club with a core socialist value system. Can't be both. We had the chance to cement our identity as a community club under Farmer and didn't take it. If these resolutions pass at the AGM, which I suspect they will, we're a screaming Tory capitalist club. May the strongest will, win.

Same old story. The reason 'plucky Hibs' get beat tonight is because we don't take our chances, as usual. VAR giving a last minute penalty to Celtic isn't a problem/conspiracy, if you're already 3-1 up.

I gave you a choice. Prove that McKinley (directly) has brought more into Hearts than Kensell into Hibs please. Ta.

And there are concerns there for us too. None of know how this Foley thing will turn out. Could be bankruptcy, could be silverware. I prefer to be, as I've used many times on this thread now, 'Cautiously optimistic'. I appreciate the spirit of the conversation. As you can see above, reasoned debate is possible. so here are two responses to your post to choose from. 1. If the Gordons withdrew their money, we'd also cut our cloth. You've bought players and set wages knowing that you have Anderson money. Without Anderson money you may not undertake capital expenditure but you'd be far more squeaky arsed on player contracts too in case turnover fell. It's a safety net for you. It's absence would change your board's decision making across the club. Any executive that can bring money into a club to the extent Kensell has, can command a hefty salary. or 2. I'd suggest this is a Hibs thread so **** off. Choose whichever response your cognitive bias prefers.

We had the chance. And similarly, You can't rely on that level of turnover every year just like I was asked so you rely on Anderson for cashflow guarantee first and THEN capital projects in profit making years. Hibs wouldn't be spending on our capital projects without Gordons money either . Can't have it both ways.

Yeah, I'm aware how it's coming across. It's mostly a reaction to our fans criticising stuff they don't understand. Yours however is a reasoned post, and so to address your points in order: 1. How can I say Kensell has made us millions when we made a loss? Kensell's top responsibility is commercial. That's what Ron brought him in to do. 28 new commercial deals later, he's the most successful CEO we've ever had. The losses were mostly loss of income from early competitive exits and one off charges. Someone who can bring in that much money and cost us £300k should not GTF, in my opinion. 2. It's McDermott and Montgomery's job to make things happen on the park. 'Yeah but who appointed them?' Great, than sack every chairman and ceo who appoint unsuccessful managers. There won't be many left and that's why there's more to it than that. Petrie had a much worse record. 3. Salary, it's low for CEO average in Scotland. Aberdeen and Hearts are lower still, but both those clubs need cash gifts every year to operate so not comparable. 4. How can the club say record breaking year. It says on course for record breaking year. The club already knows most of its its Euro, ST, commercial and player trading income for this financial year. League placing and SC run are already budgeted. 5. How much can we rely on this income year after year? As much as Hearts and Aberdeen can rely on their Brooks Milesons 6. Gordons subsidy. Not sure Foley would invest if the economic outlook was bleak. Comparison with Romanov difficult as he had run up your debt to £52m at its peak was it? before the first debt for equity issue wiped £12m off your debt. We're barely talking about 10% of that. 7. It's not really an unwavering defence as the problems at Hibs are laid bare for all to see right now. It's more a reaction to halfwit punters who know **** all, and I mean **** ALL! about running a business or how a business is financed and then repeat the same tropes and insults over and over again. The level of criticism is way over the top (not on p&b but on social in general) and encouraging a hounding out culture is not my bag. I'd rather try to put some facts and context in an attempt to inform. I know I'm massively wasting my time with that. Ron Gordon hated the 'persevere' motto because to him it translated as 'never improve, keep losing'. This Hibs board, competent or incompetent have the ambition that we've been screaming out for and now it's here, surprise surprise, we don't like it. The culture of our club is, in part, informed by the fan base and its a toxic loser culture and it holds us back. That's why I'll come across as a fanboy when all I'm actually doing is is avoiding the knee jerk conclusions and trying to see the full picture. Anything other than crucifying the board comes across as fanboy-ish. That's the lack of nuance in social media debate.

I take it you're not in business or don't run a business? I'll have one more go. * There IS (present tense) no debt. The Gordons have not 'racked up debt' because its the Gordons that the money spent has come from. * We haven't borrowed from a bank for example or any other third party lender. * The Gordons have converted that money to equity. Hibs therefore don't owe the money. * The club has had it's value increased. * Hibs still had £2.1m in the bank at last accounts BEFORE the new Foley cash comes in. * The club is now suggesting that this current accounting period is 'record breaking' and therefore replenishing our cash reserves BECAUSE we're reducing our turnover to wages ratio down to 65%. * This is a similar method of operation that the club had under Farmer. * Folk thought Farmer was running a Ponzi scheme. * Farmer wasn't. * Folk are financially illiterate. * Therefore HSL didn't buy enough shares to get to their target. * The dilution of shares that HSL is about to experience is because Foley IS buying shares in the club when the club's own fans wouldn't when they had the chance because you know...Ponzi and that. * In Kilmarnock terms, in your last filed accounts, your club made a £1.8m loss on revenue of nearly £3.7m for your last accounting period BUT you also still have £1m in the bank. You can make a loss and still have money. Is this all too much to grasp? In the end none of it matters because we're still likely getting horsed off Celtic tonight either way.

Why would you sack someone who has made us literal millions?

Sorry for being a one man Hibs Helpdesk here but yes, the Gordon family do want something in return. The commerical work done by Kensell has attracted investment from Foley. These two things have increased value of club. So Gordon family have converted debt to equity to have a bigger slice of the thing that's worth more money so that, in theory, they'll get a bigger return. I wasn't being serious, I was laughing at Vinny.

No I was taking the piss out of you.

Money owed to a third party. Remember, like Hearts used to not care about their debts because 'we owe it to ourselves'. Don't Remember? Here: https://www.scotsman.com/sport/vladimir-romanov-to-cut-hearts-debt-by-ps10m-1699247

Loans they gave the club previously. Remember these accounts are for a 12 month period that ended 8 months ago. Foley + Debt to equity conversion + Player sales (Melkersen etc) = losses wiped out and club profitable now.

CEO average wage in Scotland - £566k SRU CEO - £933k Celtic CEO - £711k Kensell - £326k

Why? Is the formula for this opinion: It seems like lots of money + we're shite = he should be sacked? That's not what's happened though. They haven't ran up debt. They've spent the money in the bank and as a result made an operating loss.

That sounds about right. I hold shares both independently and via the HSL vehicle and neither will make a blind bit of difference to what happens to the club.

Very true but not new. Ron Gordon politely told HSL to **** off 5 years ago.

That's the big question. I suspect it will but I don't know. HSL had plenty of chance to do something about it though when Farmer offered the opportunity.