Hibernian Football Club - Financial Report For The Year Ending 31st July 2006!
Hibs today revealed there financial report for the year ending
For the second year running Hibs have traded at a profit and reduced the clubs debt.
The main points of the report are as follows.
* Net Debt £6.8m (2005: £9.3m) DOWN £2.5m.
* Profit for the year ending 31st July 2006 - £2.2m (2004/05: £65,000)
* Turnover for the year is a record high of £8.7m (2004/05: £7.2m) An Increase of £1.5m(21%) from the previous year.
* The average attendance for SPL games was 13,800 (2004/05: 12,400) An Increase 1,400(11%) from the previous year.
* Season ticket sales of 9,500 for the season, UP 32% from the previous year.
* Hospitality packages are all UP from the previous year.
* The club shop was doubled in size and the profits increased in accordance.
* Net assets at £4.8m (2005: £2.4m)
* Easter Road Stadium was valued at £15m on July 31st 2006 (2005: £14.6m)
* There is TWO stadium mortgages, that amount to £6.5m (2004: £6.5m) The mortgage that is sitting at £2.5m is "interest only" and a single repayment is due in 2020.
The club also announced this year, that it will build a new £3m training facility down at Tranent and that it will be ready for the start of next season.
Brilliant news, well done to all at Easter Road on more encouraging financial news!