Tony Wonder Posted February 6 Share Posted February 6 1 minute ago, Tommy Tappin said: 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. Not disputing they never utilised it properly, but if fans have contributed their hard earned for a specific purpose and that's diluted without their say so it's not a great look. 0 Quote Link to comment Share on other sites More sharing options...
Tommy Tappin Posted February 6 Share Posted February 6 Just now, Tony Wonder said: Not disputing they never utilised it properly, but if fans have contributed their hard earned for a specific purpose and that's diluted without their say so it's not a great look. Very true but not new. Ron Gordon politely told HSL to **** off 5 years ago. 0 Quote Link to comment Share on other sites More sharing options...
AndyM Posted February 6 Share Posted February 6 (edited) 5 minutes ago, Tommy Tappin said: 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. Think HSL got to about 20% of ownership so yes after the new shares are issued they'll have less of a share than before. The two biggest stakes are held by the Gordons and Foley. Small shareholders like myself all combined make up less than 8% of the ownership. Edited February 6 by AndyM 0 Quote Link to comment Share on other sites More sharing options...
Tommy Tappin Posted February 6 Share Posted February 6 Just now, AndyM said: Think HSL got to about 20% of ownership so yes after the new shares are issued they'll have less of a share than before. The two biggest stakes are help by the Gordons and Foley. Small shareholders like myself all combined make up less than 8% of the ownership. 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. 0 Quote Link to comment Share on other sites More sharing options...
AndyM Posted February 6 Share Posted February 6 3 minutes ago, Tommy Tappin said: 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. Yep. No real change from the Farmer/Petrie era in that respect. I did think that after Ron passed that the Gordon's would look to sell but they've doubled down on that. 0 Quote Link to comment Share on other sites More sharing options...
Markymark1874 Posted February 6 Share Posted February 6 (edited) The club said spending was increased “to bolster sporting performance” That went well Hibs should build in the hiring of a new manager into their annual budget. Edited February 6 by Markymark1874 0 Quote Link to comment Share on other sites More sharing options...
Galajambo Posted February 6 Share Posted February 6 (edited) 1 hour ago, gannonball said: I would disagree in the specifics of writing off the debt at least. Owners especially down south in the past are happy to rack up debt against a club then they usually use more physical assets like the stadium to wipe it off and are then hamstrung with renting it off the owner (or some dodgy shell company of his/hers) with no way of changing it. At least if they are looking to get out they don't seem to looking to leave a bad legacy. They appear to have dropped their knickers to the first big money bid that came along, and Foley doesn't exactly stick his own cash into Bournemouth with his French adventure all but being an utter disaster, aye, what could possibly go wrong? Edited February 6 by Galajambo 1 Quote Link to comment Share on other sites More sharing options...
gannonball Posted February 6 Share Posted February 6 7 minutes ago, Galajambo said: They appear to e to have dropped their knickers to the first big money bid that came along, and Foley doesn't exactly stick his own cash into Bournemouth with his French adventure all but being an utter disaster, aye, what could possibly go wrong? I wouldnt expect any owners to be chucking cash at Scottish football tbh. Lorient appear to be a yo yo team so again I think utter disaster is a bit of a stretch. I personally don't like the idea of all these linked up franchise clubs and think Hibs will probably continue to be meh but I don't think there is anything too alarming going on here. 0 Quote Link to comment Share on other sites More sharing options...
craigkillie Posted February 6 Share Posted February 6 41 minutes ago, AndyM said: Think HSL got to about 20% of ownership so yes after the new shares are issued they'll have less of a share than before. The two biggest stakes are held by the Gordons and Foley. Small shareholders like myself all combined make up less than 8% of the ownership. So the new owners have come in, ran up enormous debts, and are now essentially using those debts that they created to increase the amount of the club they own and simultaneously reduce the amount owned by supporters. All of this comes at the same time that they have sold off a chunk of the club to external investors whose vision for Hibs revolves around how they can be used to help a different club in a different country. And people are saying there's nothing concerning about that? 7 Quote Link to comment Share on other sites More sharing options...
Galajambo Posted February 6 Share Posted February 6 2 minutes ago, gannonball said: I wouldnt expect any owners to be chucking cash at Scottish football tbh. Lorient appear to be a yo yo team so again I think utter disaster is a bit of a stretch. I personally don't like the idea of all these linked up franchise clubs and think Hibs will probably continue to be meh but I don't think there is anything too alarming going on here. I'm not so sure, the Gordon's lost a chunk of cash and all of a sudden they're looking for major investment, I wouldn't be shocked if this led to something else in the long run like a proper takeover, Ron Gordon seemed like a good guy with good intentions, his son doesn't appear to have the same interests. Foley has big plans for Bournemouth apparently, but we've yet to see any wheels in motion for them, and Lorient had their prize asset sold to Bournemouth for £20M, an asset that could have kept them up, it's not so much that they're a yo-yo team in the French leagues, it's the fact that Foley promised them the Earth, top 6 football, and a place in Europe, and he's delivered nothing. I guess only time will tell, but if I was a Hibs fan I'd be more than a tad concerned where the club is heading because no one makes money out of Scottish football. 0 Quote Link to comment Share on other sites More sharing options...
Lyle Lanley Posted February 6 Share Posted February 6 Kensall should be leaving with the wages he's on. 0 Quote Link to comment Share on other sites More sharing options...
Tony Wonder Posted February 6 Share Posted February 6 10 minutes ago, Lyle Lanley said: Kensall should be leaving with the wages he's on. I read earlier he's on £300k+ a year. Surely that's bollocks? 0 Quote Link to comment Share on other sites More sharing options...
Zing. Posted February 6 Share Posted February 6 Just now, Tony Wonder said: I read earlier he's on £300k+ a year. Surely that's bollocks? It’s sadly very true. 0 Quote Link to comment Share on other sites More sharing options...
Lyle Lanley Posted February 6 Share Posted February 6 19 minutes ago, Tony Wonder said: I read earlier he's on £300k+ a year. Surely that's bollocks? For that reason alone. He should be leaving with immediate effect. 0 Quote Link to comment Share on other sites More sharing options...
Tommy Tappin Posted February 6 Share Posted February 6 5 minutes ago, Lyle Lanley said: For that reason alone. He should be leaving with immediate effect. Why? Is the formula for this opinion: It seems like lots of money + we're shite = he should be sacked? 1 hour ago, craigkillie said: So the new owners have come in, ran up enormous debts, and are now essentially using those debts that they created to increase the amount of the club they own and simultaneously reduce the amount owned by supporters. All of this comes at the same time that they have sold off a chunk of the club to external investors whose vision for Hibs revolves around how they can be used to help a different club in a different country. And people are saying there's nothing concerning about that? 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. 0 Quote Link to comment Share on other sites More sharing options...
Lyle Lanley Posted February 6 Share Posted February 6 17 minutes ago, Tommy Tappin said: 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. Do we really need to pay a chief executive that amount of money? 0 Quote Link to comment Share on other sites More sharing options...
craigkillie Posted February 6 Share Posted February 6 19 minutes ago, Tommy Tappin said: 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. If they haven't run up debt, then what are they converting to equity? 0 Quote Link to comment Share on other sites More sharing options...
Tommy Tappin Posted February 6 Share Posted February 6 1 minute ago, Lyle Lanley said: Do we really need to pay a chief executive that amount of money? CEO average wage in Scotland - £566k SRU CEO - £933k Celtic CEO - £711k Kensell - £326k 0 Quote Link to comment Share on other sites More sharing options...
Tommy Tappin Posted February 6 Share Posted February 6 2 minutes ago, craigkillie said: If they haven't run up debt, then what are they converting to equity? 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. 0 Quote Link to comment Share on other sites More sharing options...
VincentGuerin Posted February 6 Share Posted February 6 14 minutes ago, Tommy Tappin said: 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. So, what do you call a loan that you haven't paid back if not debt? 0 Quote Link to comment Share on other sites More sharing options...
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