Potter ‘4th or 5th biggest budget’

[Frazerbob]

He just said that on the wireless. Interesting comment.

[Diclonius]

So basically our budget is the same as Hearts now.

[Speedway]

We know who the first 3 are.

The only question is if their budget beats ours and I suspect it doesn’t on its own but with their donors, it does.

[Allant1981]

He just said that on the wireless. Interesting comment.

Would imagine 5th biggest after celtic, rangers, aberdeen and us

[neil7908]

Would imagine 5th biggest after celtic, rangers, aberdeen and us

Worth keeping in context given some fans expectations this season.

[Keith_M]

Would imagine 5th biggest after celtic, rangers, aberdeen and us


Surely Hearts have a bigger budget than Hibs?

:dunno:

[Allant1981]

Surely Hearts have a bigger budget than Hibs?

:dunno:

Why?

[Wakeyhibee]

Why?

Larger turnover by a couple of £m. We've had a cash injection but unless Ron puts in regular amounts or we secure other donors then were 500k a year better off.

[Frazerbob]

Why?

Because they’re the BIG huge team?

[Allant1981]

Larger turnover by a couple of £m. We've had a cash injection but unless Ron puts in regular amounts or we secure other donors then were 500k a year better off.

Larger turn over doesnt mean bigger budget though

[Allant1981]

Because they’re the BIG huge team?

This is true

[Keith_M]

Why?


I was thinking of the income from the monthly direct debits and stuff.

[paul_hfc3]

If Levein knew Hearts had a larger budget than Hibs he would have stated it, no question. So the fact he's left it in the open shows either he can't bring himself to say Hibs have a larger budget or more likely he doesn't know.

[Allant1981]

I was thinking of the income from the monthly direct debits and stuff.

Aye possibly, I thought that money went back to budge but im probably wrong. There cant be much in the budget between the 2 as the guys we signed from the championship in england wont have came here for pennies

[hibbysam]

If Levein knew Hearts had a larger budget than Hibs he would have stated it, no question. So the fact he's left it in the open shows either he can't bring himself to say Hibs have a larger budget or more likely he doesn't know.

I don’t think he’d be so quick to say it. They’re honking and he’s under massive pressure, this is his way of relaxing expectations. If he said he had a bigger budget than us then finished well below us again he’d be lynched, if he finishes above us and says he has a lower budget then he’ll think he’s a hero.

Hearts will have a much bigger budget than us, just last year their wages to turnover % was well above ours, along with around £3m more in turnover. I doubt that’ll have changed much this season, especially with signing Naismith again along with Walker and Washington, big name players will be on big wages.

[04Sauzee]

When did we ever believe anything that came out of his mouth

[NC1875]

I’d say they have a bigger budget. He won’t admit it though because he knows they’ll finish below us again. Playing it down already

[grunt]

Presumably our player budget has increased by the £500k annually we no longer need to pay Sir Tom?

[Speedway]

Presumably our player budget has increased by the £500k annually we no longer need to pay Sir Tom?

Our cash flow certainly has. Where that money has been reassigned to is unknown.

[007]

Presumably our player budget has increased by the £500k annually we no longer need to pay Sir Tom?

Was it not pointed out when RG arrived the budget would be the same (for this year anyway)?

Hearts clearly have the bigger budget. As has been said above, Levein is playing it down. He's doing his best to keep the fans onside and himself in a job. He's at it and the fans will fall for it as usual. Based on budget they've underachieved every year since Neilson was chased out.

[Wakeyhibee]

Larger turn over doesnt mean bigger budget though

True, and it is still unknown how much Ron has put in that's gone to the playing budget. Last set of accounts show staff costs at £7.2 to £5.3m in their favour. This will have changed obviously since both sets were released. But I can't see us making up a £1.9m shortfall in that time, given the signings both clubs have made.

I think this could be "Medals" using a deflection tactic due to him under pressure.

[LeithSqualk]

Larger turnover by a couple of £m. We've had a cash injection but unless Ron puts in regular amounts or we secure other donors then were 500k a year better off.

Is their turnover higher because they do all catering/merch themselves? Ours is contracted out so we can’t claim the income as turnover and we don’t have the costs associated

[James Stephen]

I doubt Levein will know what our budget is... he will be making an educated guess, with a dose of spin to show himself in a good light.

Most people on here would guess the same. I think some are perhaps reading too much into this.

[Baader]

I doubt Levein will know what our budget is... he will be making an educated guess, with a dose of spin to show himself in a good light.

Most people on here would guess the same. I think some are perhaps reading too much into this.

Yeah he won't know our budget and how much additional cash Ron may have upped it by, if any this season.

5th will be him covering his bases in case we finish above them. Again. Right now he will be trying to downplay their budget and save his skin.

[Wakeyhibee]

Is their turnover higher because they do all catering/merch themselves? Ours is contracted out so we can’t claim the income as turnover and we don’t have the costs associated

Possibly, we don't know, just going off the staff costs also seem to be in proportion to turnover.

Next accounts after this year's will tell if we are any closer

[degenerated]

Why?All the poppy tins they chore :dunno:

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[Bostonhibby]

Whatever next?

4th or 5th biggest stadium capacity?

40th or 50th biggest pitch?

4th or 5th dampest press boxes in world football?



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[poolman]

I doubt Levein will know what our budget is... he will be making an educated guess, with a dose of spin to show himself in a good light.

Most people on here would guess the same. I think some are perhaps reading too much into this.


Educated and Levein doesn't really ring true 🙃

[The 90+2]

The pricks seriously under pressure. They will fold against County next week too. Definitely on the coupon.

[Steve20]

Considering the players both clubs have brought in, I’d be stunned if we have a bigger budget than them. They must be paying more than us to players.

[The 90+2]

Considering the players both clubs have brought in, I’d be stunned if we have a bigger budget than them. They must be paying more than us to players.

We payed decent money for Doidge, Newell will be on more than Walker and Jackson similar to Haulket. Then we have Vela and James also.

[ScottB]

Bit of spin, presumably.

If Levein states they have the third biggest budget, well, the expectation would be to finish third. By implying it’s the 5th, is he trying to ease any pressure to come?

I doubt he knows, he can assume the Old Firm are the biggest, then maybe the Dons. Saying Hibs are spending more is maybe believable post takeover but that’s about it.

[cocteautwin]

Hearts' budget definitely significantly more than ours. They had an anonymous £3m contribution to the club in the year to June 2018 and then at least £3.25m anonymously in the year to June 2019. On top of this they have at least £1m from FoH.

Their accounts to June 2019 haven't been published yet, so those major contributions could be much higher - these are just the numbers as reported at Nov 2018. One would imagine that the Naismith deal needs to be funded by Mr/Mrs Anonymous.

[FilipinoHibs]

Hearts' budget definitely significantly more than ours. They had an anonymous £3m contribution to the club in the year to June 2018 and then at least £3.25m anonymously in the year to June 2019. On top of this they have at least £1m from FoH.

Their accounts to June 2019 haven't been published yet, so those major contributions could be much higher - these are just the numbers as reported at Nov 2018. One would imagine that the Naismith deal needs to be funded by Mr/Mrs Anonymous.

Most of this money went to the new shed. Think about £1 went to players budget.

[cocteautwin]

Most of this money went to the new shed. Think about £1 went to players budget.

Yes, £1m was contributed to the players budget specifically for the year to 2018. Their accounts for 2019 haven't been published yet so not sure what the minimum of £3.25m that was contributed for 2019 was spent on. One does presume most of the stand was already paid for by June 2018 so a lot of that £3.25m might have gone on the playing budget. They had already used up a big part of the 2019 season ticket money by 30 June 2018 on paying for the stand.