Starts in an hour via zoom. Anyone joining?
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Starts in an hour via zoom. Anyone joining?
Totally forgot to register!
If you got the zoom registration link it takes two minutesQuote:
Originally Posted by Andy74
I hadn’t sent the email to request but to their credit they responded immediately when I just did, so thanks for the reminder!Quote:
Originally Posted by 660
I am.
I will let you boys post updates later, enjoy.
Helipad.....
And we're off...
Here we go!
Ron reckons we were all juiced up! Nice.
Challenging year but club in decent shape.
Fans thanked. 'Special and meaningful support'.
Supporters, board, staff, football department, HSL and many other supporters groups thanked for their support.
Very grateful for HSL and other fans stepping up when the club really needed it.
Nice to see that they've also aimed to get more diversity and representation on the board.
Board expanded. New members bring 'greater diversity & representation, with fresh energy and ideas'
Board introduced including new members. Previous members thanked.
New directors.
Jemma Goba
Gillian Hutchison
Kathrin Hamilton
David Davies
Malcolm McPherson
David called out as looking at what we can do to maximise effectiveness of our stadium.
Chris Gaunt talking finances.
Turnover doon, reasons explained.
On to the finances. Presentation clear and easier to understand with the way its being explained I think.
Yep - I had seen the accounts already but seeing on the presentation it hits home that we are in a fair bit of a better position than we might have imagined.Quote:
Originally Posted by Twiglet
Cash balance good at 300620but taken a serious hit due to the pandemic. Pretty much halfed.
KPMG says accounts fair if I picked that up right.
Q&A for accounts - Club feel supported by government during pandemic.
2m due from insurance claim
Q&A for accounts - Insurance claim for loss of income could be for as much as £2m.Only had 10% received so far.
Someone keep me right here!!
Pandemic insurance?Quote:
Originally Posted by 660
They showed the player trading profit from last year as nearly £2.8m, and stated that this was almost entirely from the sale of John McGinn.
3 resolutions put forward on the accounts - adopting the statements, appointing KPMG auditors, and digitally providing accounts instead of paper going forward.
All passed.
Accounts to be issued digitally goi g forward.
Yeah, or similar wording. Chris Gaunt said we'd only received about 10% of the claim so far but sees no reason why we shouldn't receive the full 2m.Quote:
Originally Posted by Danderhall Hibs
Nice wee goal montage there.
That’s good news. I’m sure it was reported only 1 club had put this in place (Dundee maybe?). Glad we had the foresight.Quote:
Originally Posted by Big_Franck
Basically just that the numbers presented are accurate enough.Quote:
Originally Posted by 3pm
Was curious about the uncertainty relating to going concern though - I don't imagine either Hibs or KPMG would have wanted to include that and it reads as if it could have been avoided had Ron provided some assurances. But without knowing what was being looked for specifically it could be that it wasn't something that could have been as easily chatted away as I've read it to be.
Also confirmed that we'd taken the scottish government's loan option of £1.8m. Repayments over 20 years with 0% interest. First repayment due September 2022.
Ron loving it.Quote:
Originally Posted by matty_f
Income loss insurance.Quote:
Originally Posted by Danderhall Hibs
Great updates guys, thanks
im hoping for news on the Easter Road catering (the pies!!!) and updates on the Greenest Club in Scotland initiatives.
It'll be Bring Your Own Pie next. :rolleyes:Quote:
Originally Posted by 3pm
Sporting performance.
3 semi finals
A revamped squad
Younger average age
More balanced squad
Top end of the table placing season 20/21
Cheers for the updates folks. That insurance payment would be a massive boost for us, hopefully they pay out in full.
11,000 season tickets one of the most important achievements, the foundation of the football club and we need the season ticket holders to step up as they have.
significant commercial growth which we think we can build on.
Business performance
Ron cheesing at 11k STs
Reduced operating costs. Aggressively and quickly
Segmented the stadium (Gold etc), looking at more pricing flexibility
New website
Commercial growth
Launched Hibs TV 'The Match' - odd controversy. 😂
Shop at the Gyle
New PA system installed
Launched greenest club in Scotland
Launched Thank you NHS.
3 month pop up shop at the Gyle was a commercial success and looking at future similar options.
Ron - Despite challenges there are positives on sporting / business side of business.
A stated aim of continuing to invest in and improve the first team. Meetings already underway on investments we need to make for next season.
Continuing with a "smaller but better squad" going forward.
Coming up.
European fitba
Invest / improve sqaud
Smaller but better - JR prefers
Reinvest and improve development squad - still a gap with 18 / 19 year olds
Finalise football task forces
Complete Hibs football plan
Year ahead:
European football
Continue to invest and improve 1st team squad
Smaller but better
Reinvest & improve development squad - very excited about 16/17s in the squad, bit of a gap older than that but looking to address that.
Finalize Football Task Forces - looking at different aspects of the football dept, including first team, recruitment, women's, youth teams etc
Complete Hibs Football Plan - including spend on HTC.
Hoping to have the plan well articulated within 30-60 days.
Final stages of CEO appointment. Should be announced in next 30-40 days.
Aim to have the best pies in football. 😁
The most important part - looking forward we are undertaking a rebrand and update of the kiosks and plan to have the 'best pies in football'.
Plans to launch a Hibernian FC Membership Programme as well.
Coming up business
New CEO - good candidates. Announce in 30 to 45 days
Enhanced match day experience
Rebrand / upgrade kiosks. Slightly behind. Want best pies in footvall
Continued live match coverage in Hibs TV, struck a deal with SKy
Enhance content / social media playforms
More creative ticketing products - more flexibility to get more fans in
Hibs FC membership programme.
Business
Appoint new CEO (final stages - 30-45 days hope to announce)
Enhanced matchday experience
Rebranded and Upgraded kiosks - best pies in football (running a little behind due to covid but work ongoing)
Continued live match coverage on Hibs TV (agreement with Sky Sports to broadcast is going to continue PPV for next season - great news IMHO) Going to do some work to enhance production values of Hibs TV
Enhance content and social media platforms
More creating Ticketing products
Hibernian FC Membership Programme - exciting way to engage with supporters, want to announce that this summer. Want to do more that get fans closer to the club, things like attending training sessions/golf days etc.
Looking into more creative ticketing products. Announced later in the year. Something that's come up multiple times over the last few years in AGM and at working together.
Bit of a long shot given the financial constraints but any word on that giant corner TV... :wink:
Cap Ex projects
Easter Rd - big screens, enhanced look and feel, invest in kiosk, hospitality improvements, refurbish pitch
HTC - refurbish training pitches, Upgrade player facilities, Upgrade indoor training area, finalise the HTC master plan.
Investments
HD screens
Enhanced stadium look and feel
Kiosks
Hospitality improvements
Refurbed pitch
Still planned 👍Quote:
Originally Posted by Steve88
Yes. 😁Quote:
Originally Posted by Steve88
Plans to introduce big HD screens at ER, hospitality to be improved and refurbish the pitch as soon as season is over.
At HTC plans to refurbish training pitches, player facilities and upgrading the indoor training area.
Plans to renovate pitches at HTC to mirror pitch at ER to ensure consistency for players.
Plans designed to help with aiming to be top team in Scotland.
Ron talking to HSL about a seat on the board.
Kieran still to be involved as a football liaison officer.
Congrats Kieran. 👍🏻
Quote:
Originally Posted by 660
Whoever made the decision to take out that policy deserves a medal!
Hibs are bloody brilliant eh. Sounds really promising
Ron doesn't think we need another share plan to raise additional working capital.
Ron can’t half chat.
Glad to hear thatQuote:
Originally Posted by 3pm
Did the question of the new CEO get sidestepped there or is it to be the fellah Greg McEwan?
Quote:
Originally Posted by jacomo
Black Swan Event covered :cb
If the insurance covers lost income, doesn't this mean the net effect - financially - is nil...? Tricky when I don't have the numbers/details to hand..
European qualification.
If we can get into the group stages then could be up to £4m but costs then need to be taken off that.
Net profit from last european run around £400k.
Estimates at revenue from European group stage qualification is around £4m but this is before expenses such as travel and accommodation etc.
BEST PIES IN SCOTLAND!
Will they rival Hearts chips :greengrin
Glad to hear they still want to improve the stadium / match day experience as this really does need work.
Like the idea of Hibs membership - long over due.
Quote:
Originally Posted by GreenCastle
Expect a rambling maroon statement tomorrow about the biggest pies in Scotland...
On the 16 year olds moving down south.
Brexit legislation means that Scottish Market more apealing to English clubs.
Collaboration between all Premiership clubs since pandemic started. Talk regularly.
Loving this.
very very exciting times ahead at Hibs... if we can only get our ***** back inside the bloody ground!
On rejected Jan bids.
RG - Bids turned down because not desperate for cash, offers not great either.
Also RG points out not making out we are flush.Quote:
Originally Posted by 3pm
We really are a very well run club
STs - Would consider seat 'retainers' to keep seats where can't afford to buy ST
ST preview coming up!
I think that was the point. Anyone?Quote:
Originally Posted by 3pm
Hoping to have supporters in next year.
Not everyone to begin with though.
What did he confirm about McGinn there?
Next year or next seasonQuote:
Originally Posted by 3pm
30% 20% 15%Quote:
Originally Posted by 3pm
Clear as mud.
Ron said we have 20% sell on with 30% due to st Mirren. Chris corrected Ronaldo to say it was 15%Quote:
Originally Posted by 3pm
Which bit was the 15% ?Quote:
Originally Posted by 660
A blunt answer to the sjm question!
A wrong one initially though...
15% (in the best case, did I hear?) - with a portion of that (was it 33%?) having to go to st mirren.
So effectively 10% for us.
Our sell onQuote:
Originally Posted by Iggy Pope
JR thanking the fans.
SeasonQuote:
Originally Posted by Billy Whizz
And 20% of that to St Mirren? Surely no!Quote:
Originally Posted by 660
Where does Ron want to see hibs realistically? 3rd, 2nd or 1st?
Jack wants strikers!
I thought RH said 30% to St Mirren.Quote:
Originally Posted by Iggy Pope
JR - another forward. Want a left footed attacker. More goals from midfield wanted, citing Magennis as someone capable.
Chris corrected Ron after Ron said "it's 20% with 30% of that due to St Mirren".Quote:
Originally Posted by 660
Chris Gaunt corrected him by twice saying "with 15%" which I took to mean it was 20% with 15% due to St Mirren.
No.Quote:
Originally Posted by Iggy Pope
15% of the transfer fee is due to Hibs.
30% of what Hibs receive is due to St Mirren.
Haaland is left footed...:wink:Quote:
Originally Posted by 3pm