Hibs have released a strongly worded statement today, as well as revealing full details of the new mortgage with HFC Holdings.
The club had taken criticism from a wide range of sources, regarding the mortgage deal and the planned share issue, and have answered them and then some with the latest statement.
Hibs Suppporters Association Chairman Mike Riley, Former potential Hibs owner David Low, BuyHibs, Hands on Hibs, and even bloggers in Glasgow based newspapers have criticised the club.
The following statement from the club appears to put a lot of it to bed, it reveals that the mortgage is on 0% interest, on lower payments that the debt we had been paying the bank, that there is no lump sums due, that the club hopes to debt free in 10 years, that the club expects to break even with the next financial results and that Mr Low wanted the club for nothing.......
Read the full statement below:
http://www.hibernianfc.co.uk/news/5132
and also here:
http://www.hibernianfc.co.uk/news/5136
A fantastic response from the club.