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HibeeJibee · 14-05-07, 16:12

This from the Release to the Press, from the October 2006 (most recent) Hibs AGM:
- Net debt at 31 July 2006 was £6.8m (2005: £9.3m). The reduction in net debt during the year was £2.5m. The reduction was mainly due to a combination of the operating profit for the year and the money received from player sales and tickets.
- There are two stadium mortgages which amount in total to £6.5m (2004: £6.5m). The terms for the £2.5m stadium mortgage were changed such that it is now ‘interest only’ with a single repayment due in 2020. This improves the Club’s cash flow in the intervening period, and means bettering operational efficiencies.
So unfortunately we are hardly debt free, but getting there reasonably fast

14-05-07, 16:12	#6
HibeeJibee A True Gadgie/Gadgess Join Date: Nov 2006 Location: Edinburgh Posts: 1,539 Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 4 vCash: 500 Arcade Stats:	Re: lets forget about it This from the Release to the Press, from the October 2006 (most recent) Hibs AGM: - Net debt at 31 July 2006 was £6.8m (2005: £9.3m). The reduction in net debt during the year was £2.5m. The reduction was mainly due to a combination of the operating profit for the year and the money received from player sales and tickets. - There are two stadium mortgages which amount in total to £6.5m (2004: £6.5m). The terms for the £2.5m stadium mortgage were changed such that it is now ‘interest only’ with a single repayment due in 2020. This improves the Club’s cash flow in the intervening period, and means bettering operational efficiencies. So unfortunately we are hardly debt free, but getting there reasonably fast