Finances

[Dancehibs]

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less the cost of buying them in, staff costs, VAT etc, we will be lucky if we make £10 on each top.

We only get a cut as company that runs the shop gets a cut also

[Jones28]

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Definitely bringing in cash. Cost best part of £400k for the flights out to the Europa ties. Be interesting what period villa pay the fee for Hohn.

400k for charter flights and hotels for a couple of nights? Where the hell are you pulling a figure like that from?

[eastcoasthibby]

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Paying it off half a million a season interest free. We must have raised around £3.5m from the europa run plus sjm fee and Cummings and Murray money. Yes we have spent money on kamberi and Mallon and no doubt the players are on better contracts but there is a huge amount to manoeuvre with from now till the end of the transfer window. Swanson and Whittaker places are under threat so wouldn't be surprised if one isn't out on loan to st mirren or the like. I would expect two more signings. Another centre midfielder and a wing back to cover for gray and Stevenson. Obviously if we get past molde then the europa league group stages come into the equation so we may see another quality player brought in. I'm sure we'd need to sign at least another few players if we got to the group stages to cope with the extra games. What a tough dilemma to have. Pity we aren't a big club. Teehee.

We need another forward as well and the cover for Lewis needs tobe left footed and midfielder a left footed player as well ...😀

[Dancehibs]

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400k for charter flights and hotels for a couple of nights? Where the hell are you pulling a figure like that from?

Hibs . Also, confirmed charter cost to Greece was £900 a head

[Austinho]

We made some pocket money from MacLaren going to the World Cup.

Probably just enough to cover our naughty behaviour UEFA fines.

[CropleyWasGod]

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Hibs . Also, confirmed charter cost to Greece was £900 a head

The jury is still out on that £900 for me. I know the club tweeted that, but I suspect that was the total cost including VAT.

Ex VAT that would be £750, which is close to the price they were charging fans. That would tie in with their comment that they were making nothing out of those seats.

All academic, of course, since we went with a different plane and charter company. Don't think we have any detail on the cost of that.

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[Jones28]

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Hibs . Also, confirmed charter cost to Greece was £900 a head

Whoever negotiated that deal wants their head looked at.

[AltheHibby]

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Whoever negotiated that deal wants their head looked at.

Don't forget, we had to book at pretty much last minute prices and that puts costs up.

[Jones28]

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Don't forget, we had to book at pretty much last minute prices and that puts costs up.

I still can't fathom two trips costing near enough half a million pounds. Even for last minute deals. I guess that's why club rarely profit from Europe. Did the St Johnstone chairman not say they made a loss in Europe when they were in?

[Captain Trips]

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Probably £125k on travel for each away tie so there’s £375k

Is this actually true? it cost us 160k to go to Greece for a couple of nights? I do not see how a hotel for the Hibs travelling party could cost more than a few hundred per head per night. How much is a flight?

[mim]

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The jury is still out on that £900 for me. I know the club tweeted that, but I suspect that was the total cost including VAT.

Ex VAT that would be £750, which is close to the price they were charging fans. That would tie in with their comment that they were making nothing out of those seats.

All academic, of course, since we went with a different plane and charter company. Don't think we have any detail on the cost of that.

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I believe the Greece charter was £130k

[Captain Trips]

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Hibs . Also, confirmed charter cost to Greece was £900 a head

How many folk went out?

[Jones28]

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I believe the Greece charter was £130k

Dividing 130,000 by 900 gives 144.4 - meaning 72 people went on the charter flight each way. Other than the squad - being generous and saying 35 including staff - and a couple of senior figures, who else went?

[Pretty Boy]

Our income has obviously gone up but I think there's a fair amount of evidence to suggest our expenditure has also gone up. We paid fees for Marciano, Kamberi and Mallan in the last couple of years. Prior to that when did we last pay a fee of note? I'm sure guys like the aforementioned, Ambrose etc aren't playing for peanuts either.

I don't think your going to see us shell out a huge wedge on one player but I'm not concerned about us playing the loan system either. We have used it perfectly in recent years and secured a few permanent deals on the back of it. I'm still hopeful we'll see another couple of good quality additions in the next couple of weeks to add to the very decent business we have already done.

[Captain Trips]

Footage showing the Hibs charter leaving las week:

[IWasThere2016]

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Our income has obviously gone up but I think there's a fair amount of evidence to suggest our expenditure has also gone up. We paid fees for Marciano, Kamberi and Mallan in the last couple of years. Prior to that when did we last pay a fee of note? I'm sure guys like the aforementioned, Ambrose etc aren't playing for peanuts either.

I don't think your going to see us shell out a huge wedge on one player but I'm not concerned about us playing the loan system either. We have used it perfectly in recent years and secured a few permanent deals on the back of it. I'm still hopeful we'll see another couple of good quality additions in the next couple of weeks to add to the very decent business we have already done.

These would be after 30 June 2018 - so in next years eg 1 July 2018 to 30 June 2019 accounts.

[CropleyWasGod]

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Dividing 130,000 by 900 gives 144.4 - meaning 72 people went on the charter flight each way. Other than the squad - being generous and saying 35 including staff - and a couple of senior figures, who else went?

You're talking about different flights.

The £900 was for the original trip, that had to be rearranged at short notice.

As has been said often, the short-term last-minute nature of the requirements, at the busiest time of the year, pushed the price well up.

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[Captain Trips]

Petrie steps in to arrange next weeks transport to Molde:

[CropleyWasGod]

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I still can't fathom two trips costing near enough half a million pounds. Even for last minute deals. I guess that's why club rarely profit from Europe. Did the St Johnstone chairman not say they made a loss in Europe when they were in?

2 x 125 is 250

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[JeMeSouviens]

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Our income has obviously gone up but I think there's a fair amount of evidence to suggest our expenditure has also gone up. We paid fees for Marciano, Kamberi and Mallan in the last couple of years. Prior to that when did we last pay a fee of note? I'm sure guys like the aforementioned, Ambrose etc aren't playing for peanuts either.

I don't think your going to see us shell out a huge wedge on one player but I'm not concerned about us playing the loan system either. We have used it perfectly in recent years and secured a few permanent deals on the back of it. I'm still hopeful we'll see another couple of good quality additions in the next couple of weeks to add to the very decent business we have already done.

Our wage bill must have gone up significantly. We are now at the stage where players we want to keep and who have been a big enough success to get decent moves elsewhere are choosing to stay with us. Flo, Jamie, Efe, Paul Hanlon are all examples of this.

On the upward spiral again.

[GlesgaeHibby]

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Our wage bill must have gone up significantly. We are now at the stage where players we want to keep and who have been a big enough success to get decent moves elsewhere are choosing to stay with us. Flo, Jamie, Efe, Paul Hanlon are all examples of this.

On the upward spiral again.

I'm sure it will have, but it will also be helped by us having a much trimmer squad than the likes of Hearts, Rangers etc. who seem to be carrying a huge squad of first team players.

[Hibbyradge]

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I’ll take a gamble and say we’ve sold 5k of our new tops that’s at least 250’000 for next year tho...

I've no idea how much Hibs get from selling kit, but it'll be a fraction of what you suggest.

£25k, if that

[Lendo]

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We made some pocket money from MacLaren going to the World Cup.

Probably just enough to cover our naughty behaviour UEFA fines.

Really? Why would we have received money instead of his parent club?

[Nevi_SOL]

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Really? Why would we have received money instead of his parent club?

Got broken over 2 years so Hibs would get a quarter (6 months) Darmstadt half( 1 year) and think it was Melbourne had the other quarter

[FilipinoHibs]

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I've no idea how much Hibs get from selling kit, but it'll be a fraction of what you suggest.

£25k, if that

£5 a top! I would say at least £20 per top so £100k+.

[Hibbyradge]

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£5 a top! I would say at least £20 per top so £100k+.

https://www.90min.com/posts/5628080-...om-shirt-sales

[CropleyWasGod]

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https://www.90min.com/posts/5628080-...om-shirt-sales

Bear in mind, too, that we as a club don't sell the shirts. It's the shop that does that, and we get a cut.

[RyeSloan]

It’s always an interesting discussion but I find that most people tend to over estimate income and under estimate expenditure in these chats.

The good news is that no matter what our turnover is increasing so I assume there will be space for expenditures on the squad to be going up as well which should auger well for the quality on the pitch.

[Hibbyradge]

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Bear in mind, too, that we as a club don't sell the shirts. It's the shop that does that, and we get a cut.

Indeed.

Do the accounts detail income from shop sales?

[danhibees1875]

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Indeed.

Do the accounts detail income from shop sales?

Nope - unless I'm completely missing it.

For y/e 30/6/17, total revenue was £7.7m, up from £7.0m and they cite the increase as being due to "increased ST sales, participation in Europe, and higher retail income" - so it's in there somewhere and noteable enough to be worthy of commentary.