No danger will we be able to bear another £800K loss next year if we are in this division again again next season.
http://www.scotsman.com/sport/footba...ans-1-4051094?
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Thread: Latest Leeann Dempster interview
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08-03-2016 01:10 PM #1
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Latest Leeann Dempster interview
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08-03-2016 01:12 PM #2This quote is hidden because you are ignoring this member. Show Quote
We could easily be promoted and make a similar loss.
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08-03-2016 01:19 PM #3
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08-03-2016 01:19 PM #4This quote is hidden because you are ignoring this member. Show Quote
“There are no wheels coming off,” she says defiantly. And, if they don’t make it up this year, there will be no let up in the ambition.
“We lost around £800,000 last year and we are on target to be somewhere near that again but we have not done the work we have done in the past two years to rebuild the structure within this great club to just chuck it if the worst happens. You have to be bold.
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08-03-2016 01:21 PM #5
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08-03-2016 01:23 PM #6This quote is hidden because you are ignoring this member. Show Quote
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08-03-2016 01:39 PM #7
The cup runs/ derbies/ TV games etc must have gone a fair way towards a shortfall of £800000 this season, no?
Rather than financial (I trust our board to manage to cut our cloth accordingly) my main concern would be sporting. Apart from the fact that we're in a crap league, I don't see Stubbs and most of the players sticking around to play in the Championship again.
TBH the league could actually be quite interesting next year, if United came down and Dunfermline came up. Not that I want to be in it for one minute.
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08-03-2016 01:41 PM #8
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The problem is that we're acting like a PL team - but we're in the Championship. Even if losses are guaranteed by a rich owner, we can see from history that that will not last for ever. We are first and foremost a football team, but it needs to be sustainable.
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08-03-2016 01:42 PM #9This quote is hidden because you are ignoring this member. Show Quote
A lot of money to be losing but if we can afford to let the manager take the players abroad for a few days training in the sunshine, hopefully things are not quite as bad.
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08-03-2016 01:53 PM #10
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if we don't go up, next seasons team could look very different.
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08-03-2016 01:57 PM #11
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08-03-2016 02:04 PM #12
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08-03-2016 02:08 PM #13
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08-03-2016 02:13 PM #14This quote is hidden because you are ignoring this member. Show Quote
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08-03-2016 02:15 PM #15
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Finances will take care of themselves with promotion. Extra surplus should be reinvested. Probably already has with bonuses and Jan transfers. Jason needs a new deal too, which won't be cheap. Good times for Hibernian FC though.
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08-03-2016 02:23 PM #16
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If we don't go up it will be a disaster both financially and from the football side. We wont have 4 televised ties against the huns and the 2 away end sell outs at ER. A third season in this league is bound to see crowds plummet even further due to the bitter disappointment at not going up and how many of our first 11 will be prepared to stick around?
Not getting promoted in 2 months time doesn't bare contemplating.
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08-03-2016 02:24 PM #17This quote is hidden because you are ignoring this member. Show Quote
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08-03-2016 02:27 PM #18
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08-03-2016 02:31 PM #19This quote is hidden because you are ignoring this member. Show Quote
"disaster" is hyperbole.
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08-03-2016 02:32 PM #20This quote is hidden because you are ignoring this member. Show Quote
Imagine a season where there is no Sevco or Yams to fill the south stand 4 times ( last season ) or 2 times ( this season ) where we might not do so well in the cups and where there is no TV interest apart from the play offs, which we would hope not to be in anyway, and a final parachute payment of only £250,000 paid at the end of this season. Not to mention another inevitable downturn in season ticket sales.
We would be in no position to turn down offers for Cummings or McGinn, which could be much less than what we would be looking to hold out for if we were in the Premiership and perhaps not in a position to offer decent contracts to players we want to keep or sign.
For those reasons I cant understand why LD or Hibs in general would be against league reconstruction .... perhaps LD genuinely thinks the current system is working fine, but it doesn't appear to be working fine for us that I can see. That aside I cant for the life of me see much downside to league reconstruction, but a number of advantages to football in general.
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08-03-2016 02:32 PM #21This quote is hidden because you are ignoring this member. Show Quote
The two games vs them this year had a total of 35,000 fans attending, so 17,500 attendees ticket money in our pockets, plus tv money for the first game.
So we will have gained money from those two games, not a lot but if you average 4000 fans at £20 your talking £80k before tv money.
We also have a 1/4 split of the League cup semi final money, 17k at our game and also 22k at the RC vs Celtic game. so your probably talking about money for around 8000 tickets when you take off costs etc.
We will also get 50% minus costs for the final at about 40k fans.
Inverness is also massive, especially as there is an OF semi final, we would get 1/4 of potentially 70/75k fans at the semi finals...
I imagine we are spending a little more on playing staff than last year but I wouldn't imagine it would be too much more, and HSL will also be much greater now than it was.
I would be very surprised if we lost anywhere near as much as last season.
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08-03-2016 02:32 PM #22This quote is hidden because you are ignoring this member. Show Quote
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08-03-2016 02:33 PM #23
If we are only heading for an £800k loss then I see that as a positive. However, I don't think it will be made up by STF. I think that the recent restructuring was probably his last input. There is no longer a bank to turn to either, so I expect any shortfall to be made up from player sales.
Unless we can attract more members to HSL.
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08-03-2016 02:34 PM #24
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08-03-2016 02:46 PM #25This quote is hidden because you are ignoring this member. Show Quote
I was responding to your "disaster" prediction.
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08-03-2016 02:47 PM #26This quote is hidden because you are ignoring this member. Show Quote
Last edited by greenlex; 08-03-2016 at 02:56 PM.
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08-03-2016 02:54 PM #27
Whether we go up or not, I expect there to be player sales in the summer. If Cummings has not agreed a new contract then he will probably leave in the summer regardless of our financial circumstances.
It's the same for Hearts who will probably sell Patterson in the summer as well.
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08-03-2016 03:07 PM #28This quote is hidden because you are ignoring this member. Show Quote
If he wins 2 cups (including the holy grail) and is horrifically unlucky in the play-offs then I'd 100% want him to stay.
He wins neither cup, we slide further down the league and fail miserably in the playoffs with failures in big games then I'd probably be happy to see him go.
The likelihood is something in between will happen.
FWIW I really like Stubbs. If nothing else I like the fact that I look forward to going to the football again, I look forward to coming on hubs.net and mulling over what's gone on. Following Hibs had become a chore and he's put the fun back into it. We've had cup runs, good derby wins and played some good stuff but fallen a wee bit short when it has mattered most. Given the utter bombscare he inherited I think he's done well.
In addition to that I should probably say that I hold him more culpable than anyone else for our capitulation over the past few weeks. But he's got more than enough in the tank already for me to hold that against him.
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08-03-2016 03:13 PM #29This quote is hidden because you are ignoring this member. Show Quote
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08-03-2016 05:53 PM #30
We are not in a sustainable position in the Championship but the cup runs will have done wonders for our finances this season. Let's be thankful for that.
The share issue this season has, undoubtedly in my view, enabled us to have a better squad than we would have done otherwise.
As for Stubbs, he is not perfect but he's massively in credit in my book. Best manager we have had for years, dealt the worst hand when he arrived.
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