Rangers?
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£7.2m loss
- Thread starter Weehibbydrew
- Start date
egb_hibs
Private Member
I think you’ve answered your own question M!
Fuckin mental Mark.
In what way, I am baffled why they would do this today.
egb_hibs
Private Member
That’s sort of my point; the fact it makes no sense if why we’ve done it today. Because doing things that make no sense is how we roll.
Hibee Kev
Private Member
Please don't be the baw hair grooming company
Gotcha. Upstairs are a shambles.
egb_hibs
Private Member
I genuinely can’t think of what kind of company would owe us a mill. Us owing others big chunks, aye. But unless Joma, or the catering company - basically something noticeable - went pop, who else can be owing us this kind of wedge?Please don't be the baw hair grooming company
baldy foghorn
Private Member
Ben said the accounts would be better in a SKY interview last year. Shameful.
No point increasing turnover and updating corporate suites, if we are haemorrhaginv money due to stupidity, over players, managers, and general running of club.
The Gordon's don't do it for me, sorry to say
No point increasing turnover and updating corporate suites, if we are haemorrhaginv money due to stupidity, over players, managers, and general running of club.
The Gordon's don't do it for me, sorry to say
southfieldhibby
Private Member
This is all quite mental. Shan 150th announcement followed by accounts confirming our club is operated by morons. But let’s all focus on an important cup tie, eh?
Surely that will be disclosed at the AGM?
Greenmachine
Private Member
I'm only speculating here, I don't know much about these things...but it might have something to do with company law whereby the accounts have to be made public a set number of days before the AGM...which is 25th February btw. Agree though it's terrible timing.
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egb_hibs
Private Member
You’d hope!
Again I’m not an accountant but presumably it’s either got to be
- someone who pays us for stuff - and who would pay us for stuff at that level, apart perhaps from the catering contract whose workings I don’t understand?
- or someone who collects revenue on our behalf whose gone pop before it comes to us, like club shop operators.
I don’t get it.
As I said further up the page, Fuckin mental Mark.
It's 21 days notice for an AGM for a public company, and 14 for private.
Quite a clever move to get the Notice out today, as it would have been absolute carnage to send it out a couple of days after Ayr knocked us out.
FAir comment Kev but I'm not sure in their shoes, I'd be wanting to invest my £6m into such a situation.Bit of a wild theory but could it be that the Black Knights have deliberately held off on further involvement and investment to essentially give the Gordon's enough rope to hang themselves - i.e. Make a bigger mess, generate further losses, devalue the club and make it cheaper for them to ultimately buy in its entirety?
Smurf
Private Member
And furthermore these accounts and losses in the financial year Black Knights pumped in £6 Million....
Formerly YB! 😄
Private Member
Agree re Kensall departure
Loss is the result from the operations of the club, whereas the BKG and Gordon money would be a source of paying for the losses; if either of those didn’t cover it the club would be insolvent. So two different things. Hope that makes sense
Formerly YB! 😄
Private Member
It’ll be linked to when the accounts had to be filed (within 9 mos of financial year end) but absolutely surely they could’ve managed that to delay it by a few days ffs.
The £6M won't appear in the P&L account, so it's still there in the shares.
Greenmachine
Private Member
There is no question however that the ridiculous player recruitment strategy over the last three or four years has contributed massively to this car crash set of accounts. That and the equally ridiculous turnover of managers, most of whom proved to be not suitable to manage a club like Hibernian in the first place, and the amounts required to pay them off after their subsequent failure.
MacKay gets a lot of stick, but for me at least he is starting to make headway in cutting the squad size down to a manageable level, and getting some sort of cohesion in place for future recruitment. When he talked about "squad sustainability" in his recent interview, it's quite clear now what he was meaning. He has only been in the job for six months, so for me he needs time to get things sorted out alongside the current owners and the BK Group.
We really do need new ownership ASAP though.
MacKay gets a lot of stick, but for me at least he is starting to make headway in cutting the squad size down to a manageable level, and getting some sort of cohesion in place for future recruitment. When he talked about "squad sustainability" in his recent interview, it's quite clear now what he was meaning. He has only been in the job for six months, so for me he needs time to get things sorted out alongside the current owners and the BK Group.
We really do need new ownership ASAP though.
I think it might have been Sporting Pay,we signed a 4 yr agreement with them for the card machines,only other thing I can think of was those NFTs we were selling
egb_hibs
Private Member
NFTs fucks sake I forgot about that pish. The most blatant example of fools gold in recent years.I think it might have been Sporting Pay,we signed a 4 yr agreement with them for the card machines,only other thing I can think of was those NFTs we were selling
Hibee Kev
Private Member
Pretty Boy on Dotnet reckons it might be these guys:I think it might have been Sporting Pay,we signed a 4 yr agreement with them for the card machines,only other thing I can think of was those NFTs we were selling
More than 50 jobs lost as Dalkeith-based building firm Terry Healy Group folds
Dalkeith-based Terry Healy Group, a building and home-improvements business as well as a key Hibs sponsor, has folded with the loss of more than 50 jobs.
www.scotsman.com
westsidehibs
Private Member
Quotes of the Gordon's covering the loss is only beneficial if they are wiping the debts with a gift donation not if they are loaning us the money .
Was just gonni tae post that, Gordon's vow to cover overspend. I think they will gift it seeing as its young Gordon's fuck ups in recruitment that are the cause .
bigmanandy
Aulder Than The Internet This Radge
What happened to the £6m?
Keithd1875
Well-Known Radge
Gordon's covering it. We owe it to ourselves
We owe it to ourselves to get new owners....
bigmanandy
Aulder Than The Internet This Radge
Could to with at least UEFA conference league qualification
We're no skint. The Gordons are multi millionaires.
Not run it down, but run the deficit. Not sure what the plan was to cover ut.
Dier - 1558
Private Member
It’s the American Way, devalue then look to asset strip.
Ryan69
Bounce Mentalist
They are not our piggy bank though.
The Gordon’s really have made a complete and utter mess of running the football club, it’s quite scary just had bad a position they have plunged the club into through their own mis-management.
We’re stuck with them now unless someone is willing to buy them out and find a way to write off the debt in the process.
We’re stuck with them now unless someone is willing to buy them out and find a way to write off the debt in the process.
Lord Figgate
Just A Radge
Unbelievable... as another poster has already pointed out, WTF we're we doing trying to get McGowan for a £1 million? And more recently the lad from Finland, which you will remember some on here were all for. Either way, we are run by 
or its just BS, they need to go. If we are looking to reduce the squad size, we can trim the boardroom aswell.
or its just BS, they need to go. If we are looking to reduce the squad size, we can trim the boardroom aswell.