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Jack

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Hey @Power, good work keeping schtum for so long😂

Some questions when you're ready:

How much did Ron G buy Petrie and Farmers shares for?
How has that been funded? Eg. Personal wealth, other investors (who?)
Does Ron honour STF's commitment towards eventual fan ownership of the club?

Apologies if any of this is already in the public domain 😄😉
I'll go for 'commercial in confidence'.

The commercial equivalent of undisclosed fee in fibaw!
 

Power

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Hey @Power, good work keeping schtum for so long😂

Some questions when you're ready:

How much did Ron G buy Petrie and Farmers shares for?
How has that been funded? Eg. Personal wealth, other investors (who?)
Does Ron honour STF's commitment towards eventual fan ownership of the club?

Apologies if any of this is already in the public domain 😄😉
✅ Barry being busy.

Give a few weeks and ye can fire these questions to Ron on his Hibs official email address 😃

How much did Ron G buy Petrie and Farmers shares for?
I don’t think this private sale will be communicated in detail but I could guess it will be the right/fair market value for the HFC Holdings Ltd shares and then an additional payment to clearing the outstanding loan. Figures in the press won’t be too far away.

How has that been funded? Eg. Personal wealth, other investors (who?)
Bydand Sports LLC has been set up by Ron (Personal Wealth) to complete the share transfer and ownership. It’s a nod to all his other Bydand Limited Liability companies and his Scottish roots.

Does Ron honour STF's commitment towards eventual fan ownership of the club?
Unknown at the moment, this is still to be communicated.
HSL did confirm earlier in the week -
“I was introduced to Ron Gordon last night and I am delighted to confirm what you will no doubt hear from many others over the coming weeks and months. I was hugely impressed by his passion and above all is ambition for our Club. He was fully aware of the work that we are doing and he impressed upon me his desire that we continue to work together going forward. To this end we have agreed to meet later in the week to develop things further. While we are not in a position to answer any questions at the moment it is clear that Ron sees Hibernian Supporters as an important element in his plans for exciting and hopefully successful times ahead.”
 

Goals&Glory

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I thought I’d wait a few days after, once the dust had settled to post on here in regards to what’s happened. After the news of the takeover broke and eventually confirmed I had to head to a quiet room in the workplace and calm myself down, genuinely.

First of all, respect due to to both STF and Rodders. I and many, will be forever grateful as to what you’ve done for our great club over the years. STF, special mention though - well, we know, you know...legend. You saved us, along with our fans, would not let this great club die. You provided the platform for us all to march this club on from oblivion, to eventually where it’s at today. There’s been highs and lows, but I’m sure we can truly say the highs piss all over the forgettable lows. 21/5/16 ensured that, and gave us all what we deserved and will forever remember. Unforgettable!

Fast forward to the day - “you got off the bus”...

Up steps Ronald Gordon. For me, the last few days have been a blur, still reading various articles, watching interviews and obviously reading the thoughts of several radges on here, it’s still taking a bit time to digest if I’m being honest. We know what was entailed in his purchase, but I’m intrigued and excited to see where we can head over the next couple of seasons, more so focusing on the season ahead.

As the weeks progress, all will be alot clearer.

Canny wait! - GGTTH!
 

Jack

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My thoughts over the last few days have been along the lines of tempered excitement. And the thought of having to wait months/years to see if that's a good thing or a bad thing is doing my heid in!

I'll wait.

But take your average Hibs fan buying the club and the first thing you'd do is buy McNulty! Or some other major statement of intent that would impact directly on the pitch at 3 o'clock on a Saturday.

The indoor pitch at EM would be there, but I wouldn't be headlining it. Things we could do to ER, although he's not sure what, would be there but I wouldn't be headlining it.

He's said himself Hibs are a competitive sporting club, or words to that effect, we live and prosper on positive results! He has targets, to be honest no more than they should be for the stature of our club in this league, but isn't sure how we might achieve them! He said something like that a few times.

We were at least the 4th biggest club in the country selling half the season tickets we are now!

It's all too fecking sensible but at the same time fluffy, selling us what we should have already. Down south daft fly by night new owners buy players. They stake their reputations on it. Don't even think about new club Presidents in Spain!!!

I think we've got Sheldon!


And to think some clubs go through this shit every couple of years!!!
 

Rocky

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✅ Barry being busy.

Give a few weeks and ye can fire these questions to Ron on his Hibs official email address 😃

How much did Ron G buy Petrie and Farmers shares for?
I don’t think this private sale will be communicated in detail but I could guess it will be the right/fair market value for the HFC Holdings Ltd shares and then an additional payment to clearing the outstanding loan. Figures in the press won’t be too far away.

How has that been funded? Eg. Personal wealth, other investors (who?)
Bydand Sports LLC has been set up by Ron (Personal Wealth) to complete the share transfer and ownership. It’s a nod to all his other Bydand Limited Liability companies and his Scottish roots.

Does Ron honour STF's commitment towards eventual fan ownership of the club?
Unknown at the moment, this is still to be communicated.
HSL did confirm earlier in the week -
“I was introduced to Ron Gordon last night and I am delighted to confirm what you will no doubt hear from many others over the coming weeks and months. I was hugely impressed by his passion and above all is ambition for our Club. He was fully aware of the work that we are doing and he impressed upon me his desire that we continue to work together going forward. To this end we have agreed to meet later in the week to develop things further. While we are not in a position to answer any questions at the moment it is clear that Ron sees Hibernian Supporters as an important element in his plans for exciting and hopefully successful times ahead.”
I think the commitment to 51% fan ownership will turn out to be a thorny issue. I don't think we can expect him to pump big bucks into the club and also push up fan ownership in the way it's been building to date.

Suppose the club is worth £10m now and he (hypothetically) wants to put £10m more into it. At the moment small shareholders own c.40% of the club, he owns c.60%. So the small shareholders (including HSL) own £4m worth of Hibs. If he puts £10m in and the club becomes worth £20m then is he really going to be happy that small shareholders now have shares worth £8m while his are worth £12m after spending £16m (still hypothetical numbers)? That's like handing £4m straight to the small shareholders.

I know Scottish football clubs are a totally different investment prospect (I.e. they're essentially a money pit) but I still think the point stands and we can either wish for majority fan ownership or for the new owner to throw money at it. I don't think we can hope for both.

As I said elsewhere he's already benefited small shareholders to the tune of over a million by clearing the mortgage.

Ultimately if Hibs continue to operate on a break even basis every year then the club will only ever be worth the value of its fixed assets so it may be irrelevant and he'll just be happy to lob a few quid in every year and write it off as a hobby expense. If the longer term plan is to end up like Celtic and turn a profit every year (which would take significant investment) then I don't see that he'll be happy to throw lots of cash at a project in which his share of ownership is decreasing.
 

Forzahibs

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My thoughts over the last few days have been along the lines of tempered excitement. And the thought of having to wait months/years to see if that's a good thing or a bad thing is doing my heid in!

I'll wait.

But take your average Hibs fan buying the club and the first thing you'd do is buy McNulty! Or some other major statement of intent that would impact directly on the pitch at 3 o'clock on a Saturday.

The indoor pitch at EM would be there, but I wouldn't be headlining it. Things we could do to ER, although he's not sure what, would be there but I wouldn't be headlining it.

He's said himself Hibs are a competitive sporting club, or words to that effect, we live and prosper on positive results! He has targets, to be honest no more than they should be for the stature of our club in this league, but isn't sure how we might achieve them! He said something like that a few times.

We were at least the 4th biggest club in the country selling half the season tickets we are now!

It's all too fecking sensible but at the same time fluffy, selling us what we should have already. Down south daft fly by night new owners buy players. They stake their reputations on it. Don't even think about new club Presidents in Spain!!!

I think we've got Sheldon!


And to think some clubs go through this shit every couple of years!!!
Is anything like this likely now ? Surely other clubs have heard of this "mega bucks new owner" and would pump the price up accordingly ?
Sadly i dont see any marquee signings happening this window
 

Greenmachine

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Is anything like this likely now ? Surely other clubs have heard of this "mega bucks new owner" and would pump the price up accordingly ?
Sadly i dont see any marquee signings happening this window
Neither do I. However, when it comes to recruitment I think Hibs will be in a much stronger financial position in the future (ie January and next summer), but the budget for this summer will have been agreed months ago and Hecky will have had players targeted and in several cases deals agreed. Not having to pay back Farmer half a million a year should give us significantly more leeway for players, as will the financial investment.
 

joethehibby

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Is anything like this likely now ? Surely other clubs have heard of this "mega bucks new owner" and would pump the price up accordingly ?
Sadly i dont see any marquee signings happening this window
Don’t think we would overpay for anyone .
Mcnulty will have a value in readings eyes , not sure I’d pay over the odds for him anyway 4/500k tops ?
 

Forzahibs

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Don’t think we would overpay for anyone .
Mcnulty will have a value in readings eyes , not sure I’d pay over the odds for him anyway 4/500k tops ?
I agree re overpaying , McNulty is only worth what someone will pay or Reading keep paying him to sit on the bench or play in the reserves . Its their choice i guess
 

Purple & Green

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Dust is starting to settle and the drip feed of good news starts.

Main question for me now is about fans shares and hsl and the future. We’ve got a majority shareholder who will want to see a return on investment and @hsl which was a vehicle for fans to pump money into the club.

So, what now?

Sir Tom Farmer has a long-standing claim that he’s prepared to sell to the right bidder. If that should happen before the 2.5m figure is reached, does it mean the promise to issue shares to HSL and/or individual fans to the value of 51% could be broken by a new majority shareholder?
This is a question we cannot answer, as we cannot speak for the owners or future majority shareholders. We can say we have a legally binding subscription agreement that enables us to buy shares that are available to purchase. Once HSL owns shares, no one else can determine what happens to these shares other than Members of HSL. That’s why the quicker we raise funds, the quicker we can buy shares. And the more funds we raise, the more shares we can buy to safeguard our club.

I think for the sake of HSL that needs clarified ASAP
 

Jack

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@Purple & Green

Tom scoffed at a news reporter who suggested he'd want to see a return on investment. Instead he's been saying he wants to see the value of Hibs increase, or words to that effect.

I see these as being a bit different.

Wanting to see a return on his investment suggests to me and maybe others, that he'd be taking, or making, money while he's the current custodian.

By looking to increase the value of our club I'd say he's not looking for anything until it's time for him to sell up. As in he's bought his stake in the club valued at £10m (completely made up number). If because of his investments and improvements the club grows in value to say £20m by the time he sells up that's where he'll get his return.

I'm the meantime his retirement hobby is our club :wondering:
 

SuperTortolano

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I think our target and his has to be to qualify for the Europa League and make it to the group stages. The money involved in that is very substantial. I don't see us winning the league, but the Europa League group stages is doable.
 

Purple & Green

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This is interesting; I get the difference between profits and capital appreciation and investment; the logistics of this are worth a deeper look - do you need to generate profits as this is one common method of valuing a business - even if those profits are re invested?

I’m trying to get my head around the hsl share of the business as there will never be a return on this element for hsl - but does their £500k investment become worth an effective £600k in the future. Does this make any difference?

This calls for a spreadsheet - hurrah!

My head tells me this could be good, but my heart tells me to be wary.

@Purple & Green

Tom scoffed at a news reporter who suggested he'd want to see a return on investment. Instead he's been saying he wants to see the value of Hibs increase, or words to that effect.

I see these as being a bit different.

Wanting to see a return on his investment suggests to me and maybe others, that he'd be taking, or making, money while he's the current custodian.

By looking to increase the value of our club I'd say he's not looking for anything until it's time for him to sell up. As in he's bought his stake in the club valued at £10m (completely made up number). If because of his investments and improvements the club grows in value to say £20m by the time he sells up that's where he'll get his return.

I'm the meantime his retirement hobby is our club :wondering:
 

Jack

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This is interesting; I get the difference between profits and capital appreciation and investment; the logistics of this are worth a deeper look - do you need to generate profits as this is one common method of valuing a business - even if those profits are re invested?

I’m trying to get my head around the hsl share of the business as there will never be a return on this element for hsl - but does their £500k investment become worth an effective £600k in the future. Does this make any difference?

This calls for a spreadsheet - hurrah!

My head tells me this could be good, but my heart tells me to be wary.
In the past, as we all know, Hibs have made small profits and losses. I can't see that changing.

We've continually added to the infrastructure and that looks like being continued under the new regime.

Most of us have seen a steady increase in what we've spent on players as the amount available has increased. With no debt that's increased by around £5/600k pa so we'll hopefully see a small step change there.

There's also the 7 figure sum to get this all moving a bit more quickly!

We all get to watch a team that has better home grown players and bought in players. Better results and Europe??? I think that will be the theory!

I suppose with all this the added value to our club the shares will increase in value. I'm thinking though it won't make any difference to me, the other small shareholders or HSL as we won't be selling! Ron's shares will be worth more too of course and that's where he might see his return in the long term.
 

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Ron Gordon was asked if he expected to make any money out of this? His answer was to scoff and politely say this was his plaything. Or words to that effect.

In Scottish terms...Gie's peace and let me enjoy what I've bought.

I liked his answer

Sent from my E5823 using Tapatalk
 

Hectorhib

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All this talk of American money will probably make it more difficult to deal with Reading in negotiations for McNulty
 

PILTONSTANY

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All this talk of American money will probably make it more difficult to deal with Reading in negotiations for McNulty
It shouldn’t,they have to sell/loan players before they can buy and their transfer window closes on Aug 8th....
 

Purple & Green

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I agree with a lot of that, but I’m still concerned that we will need to make a profit for the capital value of the business to increase to give Paddington his return when he decides to exit.

I could see a strategy that we would be run at break even if Paddington was using us as a vehicle to move players from North and South America and he was taking a cut of that but there’s nothing to suggest that’s what he’s doing. Likewise, if there was a real estate project but there’s nothing to suggest that’s going to happen either.

In the past, as we all know, Hibs have made small profits and losses. I can't see that changing.

We've continually added to the infrastructure and that looks like being continued under the new regime.

Most of us have seen a steady increase in what we've spent on players as the amount available has increased. With no debt that's increased by around £5/600k pa so we'll hopefully see a small step change there.

There's also the 7 figure sum to get this all moving a bit more quickly!

We all get to watch a team that has better home grown players and bought in players. Better results and Europe??? I think that will be the theory!

I suppose with all this the added value to our club the shares will increase in value. I'm thinking though it won't make any difference to me, the other small shareholders or HSL as we won't be selling! Ron's shares will be worth more too of course and that's where he might see his return in the long term.
 

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