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Hibs Debt


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The FOH model saved the Jambos, looks like £1.5 coming in per year in subscriptions, which have to say is excellent. Strange though with the crowds they are getting they still are reliant on this though.

http://www.scotsman.com/sport/football/spfl-lower-divisions/hearts-would-be-losing-money-if-not-for-foh-funds-1-3632425

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We have circa £6 million of debt, mostly on the new East Stand. Last three seasons we have been losing almost a million a year. Too much money on utter pish journeyman.

So that bit is not so good. Hibs went ahead and developed the east stand despite losing money and being pretty p8sh on the park. not the best i have to say. so they will end up with a fully redeveloped stadium and no debt? hmmm..again slightly unfair on clubs who have cut their cloth but who's stadium could do with upgrading.

however in the bigger scheme of things good for scottish football and hibs as a whole of course.

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