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...
Tommy Tappin Posted February 6 Share Posted February 6 (edited) 2 minutes ago, VincentGuerin said: So, what do you call a loan that you haven't paid back if not debt? 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 Edited February 6 by Tommy Tappin 0 Quote Link to comment Share on other sites More sharing options...
VincentGuerin Posted February 6 Share Posted February 6 8 minutes ago, Tommy Tappin said: 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 Oh my God. You've gone full Vladsheep. Craigkillie's post was entirely accurate. Your denial of simple fact is very Charlie Mann. 1 Quote Link to comment Share on other sites More sharing options...
kingjoey Posted February 6 Share Posted February 6 On 04/02/2024 at 19:09, GreenGray said: I think he posts more about us than he does his own team. Can’t confirm because I don’t look at their thread as I am not obsessed or remotely arsed. You obviously haven’t seen his multiple contributions on any Aberdeen thread. 2 Quote Link to comment Share on other sites More sharing options...
Tommy Tappin Posted February 6 Share Posted February 6 2 minutes ago, VincentGuerin said: Oh my God. You've gone full Vladsheep. Craigkillie's post was entirely accurate. Your denial of simple fact is very Charlie Mann. No I was taking the piss out of you. 3 Quote Link to comment Share on other sites More sharing options...
Crùbag Posted February 6 Share Posted February 6 3 hours ago, gannonball said: Not sure what the issue is if the owner is effectively writing off the debt? I'm no stockbroker or banker but I'd imagine he's wanting something in return. Is he just doling out money to Hibs because they're a charity case? Funny as that is for us, I'd imagine that as a businessmen with no connections to Hibs or emotional ties, he sees a way to profit. 1 Quote Link to comment Share on other sites More sharing options...
Crùbag Posted February 6 Share Posted February 6 13 minutes ago, Tommy Tappin said: 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 Do Hibs really want to go down the Mad Vlad road? Saw this btw. Not my work but made me chuckle. Esp the HiBourneian bit. 0 Quote Link to comment Share on other sites More sharing options...
Crùbag Posted February 6 Share Posted February 6 33 minutes ago, Tommy Tappin said: CEO average wage in Scotland - £566k SRU CEO - £933k Celtic CEO - £711k Kensell - £326k Christ! Hibs fans should be lynching that thief. Hibs are a shitshow and he's giving himself that while the club makes a loss. 0 Quote Link to comment Share on other sites More sharing options...
Tommy Tappin Posted February 6 Share Posted February 6 Just now, Crùbag said: I'm no stockbroker or banker but I'd imagine he's wanting something in return. Is he just doling out money to Hibs because they're a charity case? Funny as that is for us, I'd imagine that as a businessmen with no connections to Hibs or emotional ties, he sees a way to profit. 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. Just now, Crùbag said: Do Hibs really want to go down the Mad Vlad road? Saw this btw. Not my work but made me chuckle. Esp the HiBourneian bit. I wasn't being serious, I was laughing at Vinny. 0 Quote Link to comment Share on other sites More sharing options...
Empty It Posted February 6 Share Posted February 6 34 minutes ago, Tommy Tappin said: CEO average wage in Scotland - £566k SRU CEO - £933k Celtic CEO - £711k Kensell - £326k So a club that probably turn over about 10x as much as Hibs are paying their CEO little over double what Hibs are currently paying, if I were a Hibs fan I'd want him booted. 0 Quote Link to comment Share on other sites More sharing options...
Tommy Tappin Posted February 6 Share Posted February 6 Just now, Crùbag said: Christ! Hibs fans should be lynching that thief. Hibs are a shitshow and he's giving himself that while the club makes a loss. Why would you sack someone who has made us literal millions? 0 Quote Link to comment Share on other sites More sharing options...
Girth Posted February 6 Share Posted February 6 Enjoying this. Thank you. 1 Quote Link to comment Share on other sites More sharing options...
VincentGuerin Posted February 6 Share Posted February 6 31 minutes ago, Crùbag said: I'm no stockbroker or banker but I'd imagine he's wanting something in return. Is he just doling out money to Hibs because they're a charity case? Funny as that is for us, I'd imagine that as a businessmen with no connections to Hibs or emotional ties, he sees a way to profit. They're in a tricky spot now. Foreign owners with no real links to the club but an eye on a profit, and another club who view them as a vehicle for their own ends. Suddenly, making an arse of their fan ownership concept looks a dangerous mistake. 1 Quote Link to comment Share on other sites More sharing options...
Judy Murray Posted February 6 Share Posted February 6 8 minutes ago, VincentGuerin said: They're in a tricky spot now. Foreign owners with no real links to the club but an eye on a profit, and another club who view them as a vehicle for their own ends. Suddenly, making an arse of their fan ownership concept looks a dangerous mistake. The Gordons have an “eye on the profit” as Hibs announce 3.7m loss is an interesting take 0 Quote Link to comment Share on other sites More sharing options...
D Angelo Barksdale Posted February 6 Share Posted February 6 1 hour ago, Crùbag said: Finally, the long awaited replacement for Leith Waterworld. 0 Quote Link to comment Share on other sites More sharing options...
craigkillie Posted February 6 Share Posted February 6 52 minutes ago, Tommy Tappin said: 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. You just told me about three posts ago that there wasn't any debt. Now you are telling me that in fact there is debt, and that indeed the Gordons have indeed racked up large debts and used those to dilute the share that the supporters have in their club. 0 Quote Link to comment Share on other sites More sharing options...
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