A very interesting read

[DanishJohn]

Whilst having a quick look at the Scottish Sun ( I know I know) I came across two really interesting articles.

One is about the chap James Anderson at Hearts.
The other is about the Aberdeen chairman talking about his club and their recent accounts.

I would urge us as Hibs fans to read their take (our nearest rivals stature fan base etc) on their clubs and the way forward.

Any idea when our accounts are coming out ?

Hearts turnover up to over £20 M
Aberdeen's turnover up to over £15 M

Wonder what ours will be ?

[green day]

If you could cut and paste, that would be useful.

I (and I am not the only one) wont click on any link for that disgusting rag.

[Trinity Hibee]

Only way we’ll compete with them 2 is if we get group stage European football. They’ve both got it and now we need to take it this year.

[Billy Whizz]

https://www.dailyrecord.co.uk/sport/football/james-anderson-finds-celtic-rangers-31467916

https://www.bbc.co.uk/sport/football/67448437

[MWHIBBIES]

Only way we’ll compete with them 2 is if we get group stage European football. They’ve both got it and now we need to take it this year.

We already are competing with them. They're both very average sides who couldn't beat us at home this season so far

[Since452]

What was our turnover last time 12 million? We're massively behind Hearts in that respect. Seems a huge difference. I get it's not all about turnover but still it's a huge difference.

[CropleyWasGod]

What was our turnover last time 12 million? We're massively behind Hearts in that respect. Seems a huge difference. I get it's not all about turnover but still it's a huge difference.

Ours will be a couple of million higher this season, whilst theirs will be a few million lower. In that light, the gap isn't that huge. It's largely down to the benefactors.

[Trinity Hibee]

We already are competing with them. They're both very average sides who couldn't beat us at home this season so far

Meant on the financial front. I should have been clearer

[7Hero]

Our turnover as stated by Ben at a recent business breakfast is now £15m

[7Hero]

Aberdeen's operating loss was £6m and they had £7m transfer fees. That is one hell of a gap in turnover made up by transfers .. if they don't continue to sell players at that rate they will struggle with Aberdeen being restricted in it's capacity to upgrade the suites to the level of Hibs and hearts which will generate more income..

[Centre Hawf]

Our turnover as stated by Ben at a recent business breakfast is now £15m

If that turns out to be the case then it's actually fairly impressive when you consider we haven't had group stage football nor the benefactor money such as Hearts. Something we were always behind Aberdeen on was ability to drive revenue into the club and it seems that gap has at least started to close, if not closed entirely considering the player sales they've generated to produce the same amount as us.

Time will tell, hopefully see our figures soon.

[Billy Whizz]

Aberdeen's operating loss was £6m and they had £7m transfer fees. That is one hell of a gap in turnover made up by transfers .. if they don't continue to sell players at that rate they will struggle with Aberdeen being restricted in it's capacity to upgrade the suites to the level of Hibs and hearts which will generate more income..

They’ve got the group stages money this season though, which should help
Also got a few “assets” now to sell again

[7Hero]

Hearts have £4m from a benefactor and hearts foundation is what ? £1.5m. thats £5.5m income with no costs attached to it, that's a large amount of money to get for doing her haw.. there t/o will be comparable with Hibs if you don't include the donations. There turnover will be increasing though as they too upgraded suites and have a hotel revenue to factor in soon. Id say Hibs and hearts are in a far better position than Aberdeen are commercially with the state of there stadiums. Shame we couldn't add in a risk free donation from a benefactor to supplement the excellent commercial income but the trick really is who spends the Dosh the bestput if the three teams. Considering the gap between the "big 3" and the best we all really should be doing a hell of a lot better than we are...

[7Hero]

They’ve got the group stages money this season though, which should help
Also got a few “assets” now to sell again

Yes there punt of increasing wages seems to have worked out for this season at least

[7Hero]

If that turns out to be the case then it's actually fairly impressive when you consider we haven't had group stage football nor the benefactor money such as Hearts. Something we were always behind Aberdeen on was ability to drive revenue into the club and it seems that gap has at least started to close, if not closed entirely considering the player sales they've generated to produce the same amount as us.

Time will tell, hopefully see our figures soon.


It doesn't need to turn out to be the case it was heard at a business meeting, from the horses mouth ..

[Col2]

Whilst having a quick look at the Scottish Sun ( I know I know) I came across two really interesting articles.

One is about the chap James Anderson at Hearts.
The other is about the Aberdeen chairman talking about his club and their recent accounts.

I would urge us as Hibs fans to read their take (our nearest rivals stature fan base etc) on their clubs and the way forward.

Any idea when our accounts are coming out ?

Hearts turnover up to over £20 M
Aberdeen's turnover up to over £15 M

Wonder what ours will be ?

I read the Anderson article. Nothing new or insightful. He doesn’t like the fan knee jerk reaction of sack the board or manager (surprise surprise) and think Hearts can get closer to Ranger and Celtic (when in fact they are further away than ever).

Hearts have had ax £30-40m financial advantage over hibs over the past few years yet are no better off re achievement and talent and assets.

Tell me what I am missing?

[CropleyWasGod]

Our turnover as stated by Ben at a recent business breakfast is now £15m

Was he talking about the accounts soon to be published, expected for the current year, or budgeted for the next 12 months?

[7Hero]

Was he talking about the accounts soon to be published, budgeted for the current year, or expected over the next 12 months?

He said when he came to the club to was £11m and now it is £15m, so he'll be meaning for the current or just past financial year I would imagine. I didn't ask him to elaborate on the exact time frame.

Commercial Kensell has certainly lived up to his name

[Billy Whizz]

Was he talking about the accounts soon to be published, budgeted for the current year, or expected over the next 12 months?

Do you think they will be soon Crops? Looking at last few years we are very late compared to other clubs
Accounts to June 2020, published May 2021
Accounts to June 2021, published April 2022
Accounts to June 2022, published March 2023
At least they are getting them out quicker😀

Edit Boyle was sold in 21/22 year and bought back in the 22/23 year

[CropleyWasGod]

He said when he came to the club to was £11m and now it is £15m, so he'll be meaning for the current or just past financial year I would imagine. I didn't ask him to elaborate on the exact time frame.

Commercial Kensell has certainly lived up to his name

I could see it for the current year, less so for the past. Good news, though. :aok:

[Centre Hawf]

It doesn't need to turn out to be the case it was heard at a business meeting, from the horses mouth ..

I don't doubt that is what he said at all but as others have said that could be the projected year coming or the previous financial year, we won't know for sure until we see the actual accounts. Much like Hearts and Aberdeen I'm mostly intrigued on how that income stacks up to the rest of the business in terms of costs and loans we've maybe taken.

[Billy Whizz]

I could see it for the current year, less so for the past. Good news, though. :aok:

Boyle, Nisbet and Doig were sold for around £5/6 million in the year to June 2022, but we were knocked out both cups in the 1st round we entered

This season we’ve spent a bit of this money, so might be a bit lower

[truehibernian]

Will Foley be announced at the same time as our accounts I wonder ?

[Since90+2]

Our turnover as stated by Ben at a recent business breakfast is now £15m

If that is correct, then we'd actually have a higher turnover than Hearts when you remove European group stage football.

A bit of my aunty had balls, but it does show the club is being run exceptionally well off the park.

[Hibs4185]

CWG, why can JA gift hearts so much money with no tax? Can we gift our season ticket money?

Of course, headlines would be bad but hey ho.

Perhaps a deal, half price season ticket at £200 plus a donation of £200??

[Since452]

If that is correct, then we'd actually have a higher turnover than Hearts when you remove European group stage football.

A bit of my aunty had balls, but it does show the club is being run exceptionally well off the park.

The sponsorship and hospitality have improved dramatically since the Gordon's took over. They've really done everything right off the park.

[Pagan Hibernia]

The sponsorship and hospitality have improved dramatically since the Gordon's took over. They've really done everything right off the park.

Correct, and they've done it without really damaging the community side of hibs and touching the things that supporters care about (naming rights to the stadium, ticket prices etc)

[greenlex]

Correct, and they've done it without really damaging the community side of hibs and touching the things that supporters care about (naming rights to the stadium, ticket prices etc)
Not so sure naming rights would be a huge damaging problem for the right price.
Easter Road will always be Easter Road to the fans.

[CropleyWasGod]

CWG, why can JA gift hearts so much money with no tax? Can we gift our season ticket money?

Of course, headlines would be bad but hey ho.

Perhaps a deal, half price season ticket at £200 plus a donation of £200??

The donations are taxable, as far as I can see. But that's largely irrelevant, as they have enough losses brought forward from earlier years to offset any profits made in this year.

We are in the same position.

[Eyrie]

Not so sure naming rights would be a huge damaging problem for the right price.
Easter Road will always be Easter Road to the fans.

It also depends on how it's renamed.

There would be a big difference in fan reaction to a sponsor paying for "7up Easter Road" compared to "The 7up Stadium".

[ancient hibee]

It also depends on how it's renamed.

There would be a big difference in fan reaction to a sponsor paying for "7up Easter Road" compared to "The 7up Stadium".
Fans will always call it Easter Road regardless. Just as rugby fans do with Murrayfield.

[Hibbyradge]

It also depends on how it's renamed.

There would be a big difference in fan reaction to a sponsor paying for "7up Easter Road" compared to "The 7up Stadium".

It wouldn't make a bit of difference other than to increase our income.

[Eyrie]

Fans will always call it Easter Road regardless. Just as rugby fans do with Murrayfield.

Easy enough when it's the BT Murrayfield or Scottish Gas Murrayfield as the historic name is still there.



It wouldn't make a bit of difference other than to increase our income.

I think most fans would be annoyed by the constant references to a name that omitted Easter Road and the reaction to the announcement would be a PR own goal for the sponsor. Fortunately it's a problem that is easily avoided by including Easter Road as part of the sponsorship name.