Players budget

[DarlingtonHibee]

Sorry if I have missed this on another thread.

How can we still have the same budget for paul(leeann, stated this on hibs tv) when we don't have a commercial partner, and now have community partner.

Not critical of the decision but must mean less funds for the manager

[Daniel 1875]

No corporate sponsor will mean less money for the club, doesn’t necessarily need to come out of the ‘playing budget’ (wages, transfers etc).

The money has either been generously donated by someone or it’s been lost from other areas of the club. No idea what sort of money is on the table for 1 year shirt sponsorship but if the playing budget isn’t affected and the Foundation is getting some good exposure then I think it’s a good initiative for one season.

[Leitherhibs]

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No corporate sponsor will mean less money for the club, doesn’t necessarily need to come out of the ‘playing budget’ (wages, transfers etc).

The money has either been generously donated by someone or it’s been lost from other areas of the club. No idea what sort of money is on the table for 1 year shirt sponsorship but if the playing budget isn’t affected and the Foundation is getting some good exposure then I think it’s a good initiative for one season.

Quoted on another thread as a difference in income of100-200k - Not as big an impact as I’d have thought.

[One Day Soon]

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Quoted on another thread as a difference in income of100-200k - Not as big an impact as I’d have thought.

Per season, so a three year deal (wasn't Marathon Bet 3 seasons?) is worth between £300,000 and £600,000 to the club. That's without cup final bonuses etc.

Being able to bank on either 3 or 6 hundred k over the next three years makes quite a difference, it's certainly a lot of loan repayments or debt interest covered that otherwise has to come from other sources.

[1875Sean]

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Per season, so a three year deal (wasn't Marathon Bet 3 seasons?) is worth between £300,000 and £600,000 to the club. That's without cup final bonuses etc.

Being able to bank on either 3 or 6 hundred k over the next three years makes quite a difference, it's certainly a lot of loan repayments or debt interest covered that otherwise has to come from other sources.

Do you know if we will stick with this current sponsorship for the next 3 years?

[One Day Soon]

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Do you know if we will stick with this current sponsorship for the next 3 years?

No, why?

[Wilson]

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Sorry if I have missed this on another thread.

How can we still have the same budget for paul(leeann, stated this on hibs tv) when we don't have a commercial partner, and now have community partner.

Not critical of the decision but must mean less funds for the manager

And if it doesn't mean less, i.e. the money the fans are throwing at the covers the difference of this commercial loss, then it surely signals a missed opportunity to provide even greater funds for the manager?

I don't see the point in folk on here dissecting Aberdeens revenue streams, and asking why we can't match them, while our club seems intent on shooting itself in the foot,

[One Day Soon]

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And if it doesn't mean less, i.e. the money the fans are throwing at the covers the difference of this commercial loss, then it surely signals a missed opportunity to provide even greater funds for the manager?

I don't see the point in folk on here dissecting Aberdeens revenue streams, and asking why we can't match them, while our club seems intent on shooting itself in the foot,

It could also have been a great opportunity - once the point was clearly reached when they'd failed to land a commercial sponsor - to encourage many more supporters to join HSL. That would have given the HSL initiative a massive boost with front of strip visibility, helped to grow fan ownership of the club and added to the direct playing budget for PH.

[chrisski33]

Id rather have something like the foundation as partner rather than a commercial gambling partner.
As been said it wont affect the players budget

[LeithMike]

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Id rather have something like the foundation as partner rather than a commercial gambling partner.
As been said it wont affect the players budget

The truth is that it probably means the playing budget wont be cut and that the shortfall is met from other means (McGinn transfer?).

In one sense you can say the playing budget is unaffected. In another sense, however, the playing budget is affected as it could have been increased with the money now used to plug the gap.

I think there are positives from this but let's not kid ourselves that there is absolutely no impact on the playing side. Money which could have gone to the playing side is being diverted elsewhere. That may be something we are prepared to accept (as it is a more noble purpose) but it does raise questions about HSL's position that every penny matters for the playing budget and why they are geared to maximising this but the club is not.

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[One Day Soon]

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The truth is that it probably means the playing budget wont be cut and that the shortfall is met from other means (McGinn transfer?).

In one sense you can say the playing budget is unaffected. In another sense, however, the playing budget is affected as it could have been increased with the money now used to plug the gap.

I think there are positives from this but let's not kid ourselves that there is absolutely no impact on the playing side. Money which could have gone to the playing side is being diverted elsewhere. That may be something we are prepared to accept (as it is a more noble purpose) but it does raise questions about HSL's position that every penny matters for the playing budget and why they are geared to maximising this but the club is not.

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It strikes me that this is exactly the sort of issue that fan reps should get their teeth into. I'm not sure there is any more important initiative around the club at the minute than HSL for a whole host of reasons. Some transparency and clarity on this, fast, is probably a good idea before it becomes problematic. Perhaps there is a wider context - potential investors having been mentioned elsewhere, though I'm very sceptical about that - and if so I'd rather see this piece of a jigsaw credibly explained than have a ropey line on sponsorship left out there to gather barnacles.

[Hibernian32]

I think it's a good thing we are keeping it within the hibs family if you like and helping out our own. Even tho were not a wealthy club but we are willing to maybe take a small hit for a good cause kinda is what hibs class is isn't it?

Also it's no red white and blue so it'll do

[Brooster]

Epic fail by someone in the commercial department which Hibs have attempted to spin in to a positive. Disappointing when so many fans try to raise 2 or 3 hundred pounds here and there.

[easty]

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Epic fail by someone in the commercial department which Hibs have attempted to spin in to a positive. Disappointing when so many fans try to raise 2 or 3 hundred pounds here and there.

Obviously this.

We can spin it anyway we want. We’re bringing in less money than we should be. It’s not a good thing.

[LeithMike]

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Epic fail by someone in the commercial department which Hibs have attempted to spin in to a positive. Disappointing when so many fans try to raise 2 or 3 hundred pounds here and there.

That's what I question Brooster. In itself this a great initiative. But, to me, charitable giving is all about motive. If the club are just doing this to spin a corporate failure then it doesn't sit too well with me. If it was a genuine decision to help less fortunate people then I'm behind it. I really hate spin though.

A lot of fans will be giving money to HSL that I am sure they could use elsewhere as they are trying to get the best Hibs team possible on the park. In making this sponsorship decision, the board are going against that. To me, there is now a disjoint between the purposes of HSL and the board.

All that said, it is good if the effect is going to be more money to people who need it.

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[B.H.F.C]

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Epic fail by someone in the commercial department which Hibs have attempted to spin in to a positive. Disappointing when so many fans try to raise 2 or 3 hundred pounds here and there.

Agree and posted similar on one of the other threads. Supporters are putting in more money than ever whilst the club struggle to attract a sponsor.

The ‘football’ budget or whatever it’s called isn’t affected in the sense that it isn’t getting reduced on the back of this decision. It does mean it’s not getting increased though. Disappointing.

[JimBHibees]

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Epic fail by someone in the commercial department which Hibs have attempted to spin in to a positive. Disappointing when so many fans try to raise 2 or 3 hundred pounds here and there.

Only an epic fail if you know how much interest there was from other companies. May be that any offers weren't of a decent commercial level and the club took a decision to take on a more community based approach. It is an interesting one and making a benefit on a more longer term basis e.g the community work inspires other companies to get on board with the club.

[bigwheel]

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Epic fail by someone in the commercial department which Hibs have attempted to spin in to a positive. Disappointing when so many fans try to raise 2 or 3 hundred pounds here and there.

There is a lot of truth in this Brooster...certainly not the outcome the club would have aimed for.

I’m taking at face value that they wanted to get a non alcohol or betting company as main sponsor..so that narrows down the field and likely narrows down the offer value too..seems they have failed to get the right offer made. They will be as disappointed as anyone I suspect

You are right to point out it is disappointing due to the reach for additional funds from HSL...hopefully they will find another way to get cash injection into the club

[Bob Box Fish]

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Epic fail by someone in the commercial department which Hibs have attempted to spin in to a positive. Disappointing when so many fans try to raise 2 or 3 hundred pounds here and there.

This

[Niffy]

The up-spin on this is no free tables for yee-has from a corporate sponsor getting on the lash for free at every home game etc... all the associatted costs, so there's more tables to sell to punters.

Maybe.

[bigwheel]

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The up-spin on this is no free tables for yee-has from a corporate sponsor getting on the lash for free at every home game etc... all the associatted costs, so there's more tables to sell to punters.

Maybe.

Lol. Very positive spin. Although as they are laying six figures - it’s not a free table is it. It’s quite an expensive one

[Niffy]

I'm a glass 3/4 full kinda guy.

[jabis]

Got halfway through the first page.....Hibernian Football Club are trying to be a COMMUNITY entity in Leith.

Suck it and support it,see how it goes.

[WhileTheChief..]

Every time we signed a new sponsorship deal we were delighted and went on about how it will help strengthen the team.

Now all of a sudden it makes no difference to the playing budget?!

That’s some line we’re being sold and we’re lapping it up. Imagine if Rod did this a few years ago?

Or if any other club did the same? We’d be ripping them apart for failing to find a sponsor.

[Lago]

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Epic fail by someone in the commercial department which Hibs have attempted to spin in to a positive. Disappointing when so many fans try to raise 2 or 3 hundred pounds here and there.

You've nailed it, Hibs should be doing everything in their power to bring cash into the club. It's a very altruistic move on the club's part, but can a Scottish club in a poorly financed league really afford it.

[Jack]

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You've nailed it, Hibs should be doing everything in their power to bring cash into the club. It's a very altruistic move on the club's part, but can a Scottish club in a poorly financed league really afford it.

So the club should accept any deal, even a bad one?

[JohnM1875]

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So the club should accept any deal, even a bad one?

Surely any deal that was offered (there were a few according to Leanne) would have been better financially for us than the Foundation sponsorship deal though?

For the record I actually love the direction we're going with this and totally back the clubs decision.

[matty_f]

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Sorry if I have missed this on another thread.

How can we still have the same budget for paul(leeann, stated this on hibs tv) when we don't have a commercial partner, and now have community partner.

Not critical of the decision but must mean less funds for the manager

That would only be true if the sponsorship revenue was or only income stream we have.

If the club can find that revenue elsewhere then we can cope without it. Naturally you'd rather have it than not because it would give us additional funds, but we could be in a position where, for example, the additional income from McGinn's transfer is more than we would have got in sponsorship.

We wouldn't have been able to rely on Villa getting promoted so we likely didn't budget for that money as guaranteed - so right away there's the shortfall been made up and then some.

[One Day Soon]

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That would only be true if the sponsorship revenue was or only income stream we have.

If the club can find that revenue elsewhere then we can cope without it. Naturally you'd rather have it than not because it would give us additional funds, but we could be in a position where, for example, the additional income from McGinn's transfer is more than we would have got in sponsorship.

We wouldn't have been able to rely on Villa getting promoted so we likely didn't budget for that money as guaranteed - so right away there's the shortfall been made up and then some.

If we also had the sponsorship money then we'd be up by both unbudgeted McGinn revenue AND sponsor income. I think it's a weak explanation from the club and a net dent in revenue whichever way you look at it.

[DarlingtonHibee]

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If we also had the sponsorship money then we'd be up by both unbudgeted McGinn revenue AND sponsor income. I think it's a weak explanation from the club and a net dent in revenue whichever way you look at it.

I opened the thread, and agree 100% with your comments.