CGR Posted December 29, 2014 Share Posted December 29, 2014 Seems like good news, can any of the Jambo financial experts tell me if this is indeed good news? Writing a primer on Yamonomics as we speak. Link to comment Share on other sites More sharing options...
The Grass Is Greener. Posted December 29, 2014 Share Posted December 29, 2014 It is good news but as Hibs don't believe in not paying their debts they will have to turn it down. On the share issue it's only good news if you have people willing to pay 2.5 million to own 51% of the club so not really as your main guys are a bunch of penniless methadone chasing scroungers. The absolute bitter tone of your post has indeed confirmed it as good news. Link to comment Share on other sites More sharing options...
Fraser Fyvie Posted December 29, 2014 Share Posted December 29, 2014 What a club we are. Link to comment Share on other sites More sharing options...
sjc Posted December 29, 2014 Share Posted December 29, 2014 Perhaps Ann Budge might try and finish Wallace Mercer's work..... Link to comment Share on other sites More sharing options...
PELE Posted December 29, 2014 Share Posted December 29, 2014 How much debt do Hibs actually have? Link to comment Share on other sites More sharing options...
CGR Posted December 29, 2014 Share Posted December 29, 2014 How much debt do Hibs actually have? Link to comment Share on other sites More sharing options...
Elixir Posted December 29, 2014 Share Posted December 29, 2014 I see Queen Budge of Gorgie has been voted Edinburgh Evening News' Person of the Year: Edinburgh’s Hot 40 revealed 8) 8) Link to comment Share on other sites More sharing options...
The Grass Is Greener. Posted December 29, 2014 Share Posted December 29, 2014 I see Queen Budge of Gorgie has been voted Edinburgh Evening News' Person of the Year: Edinburgh’s Hot 40 revealed 8) 8) This deserves its own thread. Link to comment Share on other sites More sharing options...
Aylo vanal Posted December 29, 2014 Share Posted December 29, 2014 A few questions, I'm not trolling I just don't have a clue! Does this mean Hibs are Valued at £5m or so? Surely the training ground and stadium are worth far more? Unless they are being held seperate from the bit the fans are buying into? Do Hibs fans think they are missing a trick not having a monthly DD type scheme? They'll get a one off boost from this rather than a steady income like the FoH. Maybe they plan to launch this in the future, what would be Hibs fans thoughts on this? Anyway, this Armageddon doesn't seem so bad! Link to comment Share on other sites More sharing options...
SodjesSixteenIncher Posted December 30, 2014 Share Posted December 30, 2014 A few questions, I'm not trolling I just don't have a clue! Does this mean Hibs are Valued at £5m or so? Surely the training ground and stadium are worth far more? Unless they are being held seperate from the bit the fans are buying into? Do Hibs fans think they are missing a trick not having a monthly DD type scheme? They'll get a one off boost from this rather than a steady income like the FoH. Maybe they plan to launch this in the future, what would be Hibs fans thoughts on this? Anyway, this Armageddon doesn't seem so bad! *amateurish Hobonomics analysis of the situation based on one press release incoming* There's two things mentioned in the statement that you've asked about there, the value and the ownership of ER and EM. The entity which people are being asked to buy shares in own the stadium and training centre according to the statement, so there's no indication of them being seperate. As for the valuation, it doesn't appear to be a reach this target and buy Farmer out or the whole thing fails scenario. "Up to" £2.5m new shares are available, with the current ownership's stake being diluted as fans put money into the club. Seems like Farmer is backing away and making sure the club is returned to the community in good health as he's always promised he would. Not a completely selfless act in that he's a guarantor type figure on a lot of the debt and if it became unsustainable, he loses out. The money he's used to settle the bank debt doesn't seem like a total gift either, the club will pay him back by the sound of it. Still suits us though. Link to comment Share on other sites More sharing options...
SodjesSixteenIncher Posted December 30, 2014 Share Posted December 30, 2014 Oh and RE the direct debit thing. If it was a pledge money or the club dies thing, I'd be up for that. Otherwise I wouldn't be interested tbh. Sure some Hibs fans would be though, so probably worth looking into as a money maker. Link to comment Share on other sites More sharing options...
cowdencolt Posted December 30, 2014 Share Posted December 30, 2014 A few questions, I'm not trolling I just don't have a clue! Does this mean Hibs are Valued at £5m or so? Surely the training ground and stadium are worth far more? Unless they are being held seperate from the bit the fans are buying into? Do Hibs fans think they are missing a trick not having a monthly DD type scheme? They'll get a one off boost from this rather than a steady income like the FoH. Maybe they plan to launch this in the future, what would be Hibs fans thoughts on this? Anyway, this Armageddon doesn't seem so bad! Read somewhere the stadium and training facility etc were valued at £25m Link to comment Share on other sites More sharing options...
Gullane No 4 Posted December 30, 2014 Share Posted December 30, 2014 Fan ownership only works short term . Just look at Motherwell having to off load their best players every season . And struggling to survive every year Fans club ownership never works long term !!! Thats true..........just look what happened to Real and Barca Link to comment Share on other sites More sharing options...
Aylo vanal Posted December 30, 2014 Share Posted December 30, 2014 *amateurish Hobonomics analysis of the situation based on one press release incoming* There's two things mentioned in the statement that you've asked about there, the value and the ownership of ER and EM. The entity which people are being asked to buy shares in own the stadium and training centre according to the statement, so there's no indication of them being seperate. As for the valuation, it doesn't appear to be a reach this target and buy Farmer out or the whole thing fails scenario. "Up to" £2.5m new shares are available, with the current ownership's stake being diluted as fans put money into the club. Seems like Farmer is backing away and making sure the club is returned to the community in good health as he's always promised he would. Not a completely selfless act in that he's a guarantor type figure on a lot of the debt and if it became unsustainable, he loses out. The money he's used to settle the bank debt doesn't seem like a total gift either, the club will pay him back by the sound of it. Still suits us though. All sounds pretty positive. Link to comment Share on other sites More sharing options...
Tony Wonder Posted December 30, 2014 Share Posted December 30, 2014 Haven't really looked at the ins and outs of it but on paper it certainly sounds like good news for Hibs. A long term chance to take control of their club with the continuing stability of Farmer in the shorter term. Will be interesting to see the level of desire from the general fanbase once the shares are up for grabs. Link to comment Share on other sites More sharing options...
Mr. X Posted December 30, 2014 Share Posted December 30, 2014 What's the difference between this and a bog standard share issue? I'm not doubting this is a positive news for the club, reducing the debt, but will the same old faces not still have the largest percentage and have the control, despite this being sold as some sort of fan control? Link to comment Share on other sites More sharing options...
Rovers_Lad Posted December 30, 2014 Share Posted December 30, 2014 Dodging their debts, cheating b******s. this,yet another club thats wracked up debt and gets out paying a fair whack of it back Link to comment Share on other sites More sharing options...
Neiljb Posted December 30, 2014 Share Posted December 30, 2014 What's the difference between this and a bog standard share issue? I'm not doubting this is a positive news for the club, reducing the debt, but will the same old faces not still have the largest percentage and have the control, despite this being sold as some sort of fan control? I'm going to buy 1.0000000001% of the club and vote for whatever the Tash wants. The best 50K I'll ever spend. Link to comment Share on other sites More sharing options...
ferryjambo Posted December 30, 2014 Share Posted December 30, 2014 Do Hibs actually have people they want in charge willing to pay £2.5 million? Just saying...... Link to comment Share on other sites More sharing options...
Dipped Flake Posted December 30, 2014 Share Posted December 30, 2014 seems good news but, as someone else pointed out, how is this going to mean ordinary fans own 51% of the club. Surely some big money man could come in and buy the lot (if one exists). Maybe there are limits in place to ensure that one person, or small group, can buy all the shares? Link to comment Share on other sites More sharing options...
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