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The bit about Lennon having the benefit of being able to view matches from the directors box gave me a wee laugh :greengrin
Viva Le Tash!
Seems to be good news when you consider that the McGinn fee is not included (although players coming in costs must be offset against that).
One word of caution - when crowds are at a record level, there is not a huge surplus there, so other income streams such as HSL become ever more vital.
Hopefully this will put to rest the doubts of dome who were concerned that we would be posting record profits and storing cash for infrastructure projects
The club backed the manager strongly to get us out the Championship and continue to back him strongly whilst reducing the wages to income ratio to more sustainable levels.
As an earlier poster stated though there is not much room to grow income from attendances much further and it is as they say critical that initiatives such as HSL continue to blossom
If folk cant see the tangible (on the field) benefits of donating to HSL now I doubt they ever will
No I didn't mean that. What I was trying to say that as Easter Road is on average 90% full each week, there is not much room for revenue growth from ticket sales (until the corners are filled in! ).
So, while any surplus is welcome, it's not a massive amount when crowds are at a record level.
Everything seems to be in a great position though, the club seems to be very well run at the moment, long may it continue.
If we want the team to progress and there isn't that much scope to increase attendances then where does the extra income required to do so come from?
It needs to be from initiatives like HSL
We have cast iron guarantees that the monies raised through HSL goes into the football operation nothing else
The only way I could see us doing that would be if HSL donations were running ahead of £500k pa and last I heard they weren't.
The accounts will provide proof positive if this is the case or not.
I have my doubts.
Taking about the accounts just posted, not what has happened subsequently, the large cash pile you refer to is largely season ticket monies paid upfront.
It will be huge at the start of the season and dribble away to nothing in the month before the season ticket renewals go out for the following season.
There is not a cats chance in hell that these monies will be used to pay off STF at greater than the contracted rate.
I am often accused on here of being a board apologist but if anything other than excess HSL monies were being used to repay the debt to STF quicker than contracted I would regard that as a serious breach of undertaking / trust.
I don't think for a minute Hibs would do such a thing and could see no reason for them wanting to in the first place.
Quick q: was the Cummings transfer included in last year’s accounts, as it happened before the 30th June 2017?
I don’t know how to read accounts. Understand cash runs down as we pay wages over the season. But building a rainy day fund. Only sharing what’ told . Look forward to getting official confirmation what accounts show .
You make good points. Fans bringing in extra cash via shares. Record season ticket sales . All efforts should go on getting best players we can afford while paying of debt to holding company