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Hibs today announced that the AGM for shareholders will take place on 28 January. This will allow complex negotiations between the Club, the Holding Company and the Bank to be concluded.

The talks have been ongoing for some time, and have focused on the Club’s long term future. Media reports of a total debt write-off are not based on fact, and are speculative.

Leeann Dempster, Chief Executive of Hibernian FC said: “Discussions have taken place involving the Club, HFC Holdings and the Bank.

“We have decided to hold the AGM slightly later than usual in order to allow these talks to be concluded.

“The outcome will be reflected in the Board’s plans for the future which we will present at the AGM and talk in detail to our supporters

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John graduated from Telford College in 2010 with an HNC in Practical Journalism and since then he worked for the North Edinburgh News, The Southern Reporter, the Irish News Review and The Edinburgh Reporter. In addition he has been published in the Edinburgh Evening News and the Hibernian FC Programme.