Hibs have made, this afternoon, a huge announcement, with the news that all bank debt has been wiped, the stadium and training facility are secured, and are moving towards being the first club to use the 51% fan ownership "German model".
The holding company has agreed a deal with Bank of Scoltand to wipe out £4.5m of bank debt, with all the club's debt now being owed to the club holding company, HFC Holdings, around £5m, with repayments and timescales up to the club.
For full details on the rest of statement, please clck the following link:
http://www.hibernianfc.co.uk/news/5060
Superb move from the club, we seem to, finally, be moving the club forward.