Hibs and Hearts battle it out for naismith!

[E.Lothian hibee]

Did anyone just here that on the bbc scotland sport bit? according to them(the BBC) Hibs and Hearts are batteling it out for naismith?! i didnt see that one coming...i rekon we could get him ahead of the yams as we would guarentee him a game, and also surely put a clause in his contract to sell him for a profit to a premiership club. any thoughts?

[Bannox]

Originally Posted by E.Lothian hibee

Did anyone just here that on the bbc scotland sport bit? according to them(the BBC) Hibs and Hearts are batteling it out for naismith?! i didnt see that one coming...i rekon we could get him ahead of the yams as we would guarentee him a game, and also surely put a clause in his contract to sell him for a profit to a premiership club. any thoughts?

just seen this on the news


only one question if true ..............


Wages or 1st team footy? simple as that



i await the outcome............................

[Kenny]

Originally Posted by E.Lothian hibee

Did anyone just here that on the bbc scotland sport bit? according to them(the BBC) Hibs and Hearts are batteling it out for naismith?! i didnt see that one coming...i rekon we could get him ahead of the yams as we would guarentee him a game, and also surely put a clause in his contract to sell him for a profit to a premiership club. any thoughts?

with arsenal intersted 6 months ago it would be coup and a half.

i'll not get his name on my shirt yet.....

[E.Lothian hibee]

Originally Posted by Bannox

just seen this on the news


only one question if true ..............


Wages or 1st team footy? simple as that



i await the outcome............................

According to naismith 1st team football because remeber when he said about riordan that he didnt want to be a benchwarmer like riordan and thats why he doesnt want to go to celtic or any huge EPL clubs

[THE GAZZETTE]

Originally Posted by E.Lothian hibee

Did anyone just here that on the bbc scotland sport bit? according to them(the BBC) Hibs and Hearts are batteling it out for naismith?! i didnt see that one coming...i rekon we could get him ahead of the yams as we would guarentee him a game, and also surely put a clause in his contract to sell him for a profit to a premiership club. any thoughts?

If it goes down to personal terms expect to see our bid and naisy in a maroon shirt,unless uncle rodney has a rush of blood to the head

[OJHIBS]

What I don't get is the transfer fee. If Killie are looking for close to £2m for Naismith then this surely rules us out of the bidding.

I personally would rather we offered £500,000 to Celtic to get Riordan back...

[SkyeHibs]

Originally Posted by OJHIBS

What I don't get is the transfer fee. If Killie are looking for close to £2m for Naismith then this surely rules us out of the bidding.

I personally would rather we offered £500,000 to Celtic to get Riordan back...

I would be with you. IMO Riordan is a better player.

[OJHIBS]

Originally Posted by LanarkHibs

I would be with you. IMO Riordan is a better player.

Yip and I've read that a £500,000 bid would be considered by Celtic (dunno if this is true).

A bargain at that price!

[big ell]

Originally Posted by OJHIBS

Yip and I've read that a £500,000 bid would be considered by Celtic (dunno if this is true).

A bargain at that price!

aparently the norwich offer £500,000 was turned down as too low

[OJHIBS]

Originally Posted by big ell

aparently the norwich offer £500,000 was turned down as too low

Ok, sorry I didn't know that

[big ell]

Originally Posted by OJHIBS

Ok, sorry I didn't know that

no probs, read it on sunday methinks, dont remember where tho.....

[wee 162]

Originally Posted by OJHIBS

What I don't get is the transfer fee. If Killie are looking for close to £2m for Naismith then this surely rules us out of the bidding.

My theory about that is that we have just took in a rake of money for Scott Brown which we'll be charged capital gains tax on as part of the profit for the year to next April. Whether it is on the park or not, Hibs will be looking to spend some cash over the next few months imo.

On the personal terms thing Hibs appear to be putting a 10% sell on fee on players contracts. If we said to Naismith he'll more than likely be sold next year for a minimum of £2m and he is put on a wage of near enough £4k a week that works out as pretty much £8k a week over the next year.

If it comes down to a choice between signing for Hibs & Hearts, no-one in their right mind is going to sign for a side where there is a) no manager b) whoever the manager is has not got the final say on the side selected c) serious rumours about wages not being paid d) an owner who does not sell players on because he wants unrealistic amounts of cash for them e) every chance you get dropped if a Lithuanian player in the same position becomes an owners favourite.

I still cannot see Naismith signing for us, but there are ways where this makes a certain amount of sense.

[PILTONSTANY]

The Killie chairman was on Real Radio last night and admitted that there was 4 clubs in the SPL after Naismith,He said that 1 club had outbidded both the old firm.....................

Although http://edinburghnews.scotsman.com/sp...?id=1160242007

Killie boss Jim Jefferies, however, has been quoted as saying he expects a fresh and firm bid for Naismith today - but not from Rangers. His words renewed speculation that Hibs may be that club, but Collins insisted: "It won't be us."

[O'Driscoll]

If hearts start to offer silly money hibs could keep the bidding going for a while with no actual intention of buying the player thus adding to the debt and shortening the life of Hearts

[SlovSam]

Originally Posted by wee 162

My theory about that is that we have just took in a rake of money for Scott Brown which we'll be charged capital gains tax on as part of the profit for the year to next April. Whether it is on the park or not, Hibs will be looking to spend some cash over the next few months imo.

On the personal terms thing Hibs appear to be putting a 10% sell on fee on players contracts. If we said to Naismith he'll more than likely be sold next year for a minimum of £2m and he is put on a wage of near enough £4k a week that works out as pretty much £8k a week over the next year.

If it comes down to a choice between signing for Hibs & Hearts, no-one in their right mind is going to sign for a side where there is a) no manager b) whoever the manager is has not got the final say on the side selected c) serious rumours about wages not being paid d) an owner who does not sell players on because he wants unrealistic amounts of cash for them e) every chance you get dropped if a Lithuanian player in the same position becomes an owners favourite.

I still cannot see Naismith signing for us, but there are ways where this makes a certain amount of sense.

Sorry to question your theory but Hibs are Ltd company with a financial year end of 31 July 2007 hence they pay Corporation Tax rather than Capital Gains Tax and in any case Hibs have billions of pounds of losses brought forward to offset against all the gain on player sales from the last few years so there won't be any tax bills at ER in the near future.

I'd be completely stunned if either Hibs took such a massive gamble with a £2m investment which they could only recoup by a future sale something which would be completely out of character for Mr Petrie.

It wouldn't be completly unheard of though as De La Cruz was bought for exactly the same sell on reason which was a financially succesful trade if a bit of a football non event.

However it would be a magnificent show of ambition and something to be completely applauded and is another example of how Hibs are now in a completely different financial league to the rest of the SPL outwith the usual suspects.

[sKipper]

Originally Posted by SlovSam

Sorry to question your theory but Hibs are Ltd company with a financial year end of 31 July 2007 hence they pay Corporation Tax rather than Capital Gains Tax and in any case Hibs have billions of pounds of losses brought forward to offset against all the gain on player sales from the last few years so there won't be any tax bills at ER in the near future.

I'd be completely stunned if either Hibs took such a massive gamble with a £2m investment which they could only recoup by a future sale something which would be completely out of character for Mr Petrie.

It wouldn't be completly unheard of though as De La Cruz was bought for exactly the same sell on reason which was a financially succesful trade if a bit of a football non event.

However it would be a magnificent show of ambition and something to be completely applauded and is another example of how Hibs are now in a completely different financial league to the rest of the SPL outwith the usual suspects.

Corporation Tax is paid out of operating profit decalred each year surely ? Hibs will be taken to the cleaners if no operating profit is declared this year unless of course millions are spent in the next week !

[CJRRHibs]

Originally Posted by SlovSam

Sorry to question your theory but Hibs are Ltd company with a financial year end of 31 July 2007 hence they pay Corporation Tax rather than Capital Gains Tax and in any case Hibs have billions of pounds of losses brought forward to offset against all the gain on player sales from the last few years so there won't be any tax bills at ER in the near future.

I'd be completely stunned if either Hibs took such a massive gamble with a £2m investment which they could only recoup by a future sale something which would be completely out of character for Mr Petrie.
It wouldn't be completly unheard of though as De La Cruz was bought for exactly the same sell on reason which was a financially succesful trade if a bit of a football non event.

However it would be a magnificent show of ambition and something to be completely applauded and is another example of how Hibs are now in a completely different financial league to the rest of the SPL outwith the usual suspects.

So would I (and the rest of Scotland) but the money that could be made quickly might sway RP to invest.
Showing the rest of the league we're in a different financial position would only last a short time as this would be a 1 off buy until he was sold on IMO. Will Naismith win us a cup? I think we might have more chance if we got Braaten and Riordan.

[SlovSam]

Originally Posted by sKipper

Corporation Tax is paid out of operating profit decalred each year surely ? Hibs will be taken to the cleaners if no operating profit is declared this year unless of course millions are spent in the next week !

The full profit of the club from both operating and player sales is used to calculate the tax liability and you are right Hibs are sitting on a massive profit of £6 to £7m but any tax due on this is offset by losses brought forward from previous years (Something like £12m at a very vague guess) so the tax bill will be zilch.

2007 Pretax profit £6m.
Less:losses b/fwd (£6m).
Tax payable for 2007 Nil

Amount payable to me for 5 mins work

[Edina Erin]

Originally Posted by SlovSam

The full profit of the club from both operating and player sales is used to calculate the tax liability and you are right Hibs are sitting on a massive profit of £6 to £7m but any tax due on this is offset by losses brought forward from previous years (Something like £12m at a very vague guess) so the tax bill will be zilch.

2007 Pretax profit £6m.
Less:losses b/fwd (£6m).
Tax payable for 2007 Nil

Amount payable to me for 5 mins work

And how many previous years losses can brought forward? I'm sure there's a "use them or lose them" view on prior losses....and there's that adjustment for Malaysian tax and the cross 1 for 1 tax benefit for different share classes if you have a mixture of classes showing profits and losses......woops, I've managed to introduce your day-to-day work into a thread on Steven Naismith !

[Dr Shrink]

Originally Posted by Edina Erin

And how many previous years losses can brought forward? I'm sure there's a "use them or lose them" view on prior losses....and there's that adjustment for Malaysian tax and the cross 1 for 1 tax benefit for different share classes if you have a mixture of classes showing profits and losses......woops, I've managed to introduce your day-to-day work into a thread on Steven Naismith !

My thoughts too.


I'm no tax accountant (no, really) but I'm unaware of a rule which allows an infinite amount of previous lossmaking tax years to be rolled up.

In any event, although the current year has yielded bumper profits, I'm pretty sure Rodders has had a steady hand on the helm over the last few years hence no 'billions' of losses to offset anyway?

But I may be wrong.