How Much Is The New Training Academy Costing?

[Smurf]

Must be some building or is it going over budget Scottish Parliament style?

Proceeds of Garry O'Connor, Kevin Thomson and now we are told by the manager Scott Brown..

£7.6 Million...
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[Greenscratch]

Originally Posted by Smurf
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Must be some building or is it going over budget Scottish Parliament style?

Proceeds of Garry O'Connor, Kevin Thomson and now we are told by the manager Scott Brown..

£7.6 Million...
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Not sure Smurf - however that last thing we want is other selling clubs knowing we're flush - its adds zeros to the price of any possible new signings. We DEFO seem to be minted - no way have EG Kili,Arabs,sheep been pulling in the kind of cash the cabbage have in the last few years - yet we don't seem to be very good payers
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[1875]

Frankly I would be astounded if we even have much of a debt to service, adding the money from the CIS Cup run, the 11500 season tickets and Scottish Cup games this year and last to the sales of players (dinnae forget the £150k or so we got for Riordan). This years accounts will make interesting reading, I look forward to Lanark Hibby's assesment of them.

[*chops]

What is the academy costing? Well, at my last check, one Scottish Cup, European football, our captain, and the best two strikers we've had for a while.

I'm sure it'll be worth it though...

[Smurf]

Originally Posted by 1875
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Frankly I would be astounded if we even have much of a debt to service, adding the money from the CIS Cup run, the 11500 season tickets and Scottish Cup games this year and last to the sales of players (dinnae forget the £150k or so we got for Riordan). This years accounts will make interesting reading, I look forward to Lanark Hibby's assesment of them.

It makes JC's comments that if we got £4 Million for Brown there would be nowt for him quite ridiculous..

[SlovSam]

Last year Hibs made a profit after interest payments and before the Garry O money of £700,000.

This year they will maintain this profit and in addtion they will gain from the TweedleDumber money of £2,000,000, the increased atendances by around £500,000 and by the CIS Money of £500,000.

If Scott Brown is sold before the year end of 31 July 2007 then this will be another £3,500,000 to add to the total.

Hence Hibs this year could post a profit for this year of between £7,000,000 and £7,500,000
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which is quite a phenomanal set of results.

Every week I post this information so if anyone is getting bored please say.
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[Smurf]

Originally Posted by SlovSam
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Every week I post this information so if anyone is getting bored please say.
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No but the supporters who participated in the Evening News survey appear not to be reading/listening..
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[1875]

Originally Posted by SlovSam
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Last year Hibs made a profit after interest payments and before the Garry O money of £700,000.

This year they will maintain this profit and in addtion they will gain from the TweedleDumber money of £2,000,000, the increased atendances by around £500,000 and by the CIS Money of £500,000.

If Scott Brown is sold before the year end of 31 July 2007 then this will be another £3,500,000 to add to the total.

Hence Hibs this year could post a profit for this year of between £7,000,000 and £7,500,000
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which is quite a phenomanal set of results.

Every week I post this information so if anyone is getting bored please say.
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Continue doing so Sam, indeed I could discuss the merits of having it as a 'sticky' feature with my fellow admins.

[Zitelli`s Heid!]

Wasn`t the training complex originally priced at 2M all in?


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[Dub]

Originally Posted by Zitelli`s Heid!
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Wasn`t the training complex originally priced at 2M all in?


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[Only Registered Users Can See Links. Click Here To Register] Nope it was £4 million but things change so now, who knows.

[Zitelli`s Heid!]

Cheers. Must have read it wrong.


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[Gunnerhibby]

Originally Posted by SlovSam
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Last year Hibs made a profit after interest payments and before the Garry O money of £700,000.

This year they will maintain this profit and in addtion they will gain from the TweedleDumber money of £2,000,000, the increased atendances by around £500,000 and by the CIS Money of £500,000.

If Scott Brown is sold before the year end of 31 July 2007 then this will be another £3,500,000 to add to the total.

Hence Hibs this year could post a profit for this year of between £7,000,000 and £7,500,000
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which is quite a phenomanal set of results.

Every week I post this information so if anyone is getting bored please say.
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Just to re-itterate what Sam is saying ...


Hibs are no more in debt than yer average Joe wae a mortgage.

They have a solid income, based on ST sales, merchandising, cup profits, etc, both historical and projected. The debt servicing is now down to its minimal, and if memory serves me right, is around the £4.5M mortgage on the Stand(s). This could be further enhanced by either extending the mortgage, bring payments down but going on for a longer period, or just paying it outright on the GO'C, KT and (possible)SB incomes. But the latter wid be daft when there is actually no one standing there wae their hand out saying, "gies ma money back now!".

So pulling all this together, Hibs are in a very good financial state of health.

The Training Centre will make a fair dent in the kitty, but going on next seasons "projected" ST sales, merch, etc, this could recover, or cover a fair whack of it.


Sam, keep bangin' yer drum, some of us are listening
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[Smurf]

Originally Posted by Dub
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[Only Registered Users Can See Links. Click Here To Register] Nope it was £4 million but things change so now, who knows.

Yeah it says £4 Million in that piece.

The land itself was around 650K to buy IIRC and the total figure was much less than the now mentioned £4 Million.
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Is it chandeliers 1995 all over again..
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[Greenmachine]

Originally Posted by Smurf
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Yeah it says £4 Million in that piece.

The land itself was around 650K to buy IIRC and the total figure was much less than the now mentioned £4 Million.
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Is it chandeliers 1995 all over again..
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I wish I could put a link from the newspaper reports at the time the Training centre was announced, because i am absolutely positive that they said that the land was to be paid for straight away, and the rest of the East Mains development was to be built and paid for in stages. In fact, I seem to re-call the club saying that they would be meeting with supporters groups to discuss ways of funding the project. This seems to have changed going by recent reports.

I am no expert on these matters and I may be totally wrong, but it seems to me that Hibs intend to pay for and develop the whole centre in a oner, and Scott Brown and Kevin Thomson's transfer money is going to pay for it. This will mean no further extension of the debt (which sems to be the most important thing at ER these days). I also think they may be thinking of building the new East Stand in the next year or two. This would maybe explain why there would appear to be no money in the kitty for players ?

BTW the land purchased at East Mains for the Training centre has been purchased by HFC Holdings (Hibs parent company), and not Hibernian Football Club. I don't know if that is significant (others on this site will be better qualified than me say if it is or not), but I just thought I would mention it.

[Blackbeard]

Originally Posted by SlovSam
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Last year Hibs made a profit after interest payments and before the Garry O money of £700,000.

This year they will maintain this profit and in addtion they will gain from the TweedleDumber money of £2,000,000, the increased atendances by around £500,000 and by the CIS Money of £500,000.

If Scott Brown is sold before the year end of 31 July 2007 then this will be another £3,500,000 to add to the total.

Hence Hibs this year could post a profit for this year of between £7,000,000 and £7,500,000
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which is quite a phenomanal set of results.

Every week I post this information so if anyone is getting bored please say.
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I'm sure Rodders reads your posts every week just to stretch his mouser.

[Colr]

Originally Posted by Smurf
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Must be some building or is it going over budget Scottish Parliament style?

Proceeds of Garry O'Connor, Kevin Thomson and now we are told by the manager Scott Brown..

£7.6 Million...
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Its not just the building but the pitches will cost a fair amount as well.

[beefy]

Heres a link when it was all first announced

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So 1 year on from Dubs link the price has risen £1 mill

How much higher will it go?

[Dub]

Originally Posted by beefy
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Heres a link when it was all first announced

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So 1 year on from Dubs link the price has risen £1 mill

How much higher will it go?

Just like Bid up. TV this isnt it
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Rising costs will always be there, the longer you put it off the more it will cost.

Get it built
Give SlovSam full info on pricing etc so he can relay this back to us
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AND Stop telling us there isnt money for new players (unless its mind games in which case keep telling us there is no money for new players).

[1875]

Originally Posted by Colr
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Its not just the building but the pitches will cost a fair amount as well.

Its a refurbishment of existing buildings Colin, there is no new build as such, other than a road widening I think?