The players arent being furloughed. IF they are furloughed they have to down tools and there is no training etc allowed. (even at home)This quote is hidden because you are ignoring this member. Show Quote
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Thread: Official Site: CLUB STATEMENT
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03-04-2020 03:18 PM #31
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03-04-2020 03:20 PM #32
I don't think many players will be furloughed. Youngsters and those on a small income probably will be, but the first team squad won't be.
All of the admin staff will probably be being furloughed.
This is a damage limitation exercise. There is help available from the government to assist businesses in exactly the position Hibs find themselves in - generally sound businesses who have found themselves unable to function due to the public having to comply with government advice re social isolation. The business is temporarily non-viable but that won't be the case forever.
Whoever is suitable for the scheme and whoever Hibs can furlough whilst playing by the rules, will be. As mentioned in the statement, a core staff will be kept on and will be continuing to be paid (for example, whoever actually worked on the nuts and bolts of this statement being released). The players will probably earn too much and Hibs will have negotiated them down to an appropriate level of income for a defined period. It will mean that Hibs' own cash reserves won't bleed away quite as quickly.
I've done the same at my work, I've got it down to the minimal possible outgoings whilst there is nothing coming in. It's now just a case of waiting to see if there's enough in the bank to cover what bleeds away before we can get up and running again, and then hopefully there will be normal/ increased demand for our services at that point.
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03-04-2020 03:21 PM #33
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03-04-2020 03:23 PM #34This quote is hidden because you are ignoring this member. Show Quote
I guess there's maybe tactical analysis and theoretical drills they could discuss as a team to a limited extent. But beyond that is it just eating right, and exercising? Not sure they could tell people not to do that.Mon the Hibs.
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03-04-2020 03:25 PM #35
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The BBC post has been amended to say that first team squad is included in the furlough.
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03-04-2020 03:53 PM #36This quote is hidden because you are ignoring this member. Show Quote
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03-04-2020 04:04 PM #37
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03-04-2020 05:19 PM #39
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Quite simply hibs class.
Hearts the complete opposite.
Nothing new.
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03-04-2020 06:06 PM #40This quote is hidden because you are ignoring this member. Show Quote
Budge is absolutely all over the place.
https://www.bbc.co.uk/sport/football/52160117
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03-04-2020 06:14 PM #41This quote is hidden because you are ignoring this member. Show Quote
Furloughing means that the government will pay 80% of the normal salary which is capped at £2500. The employer is under no obligation to pay the other 20% but in this case Hibs will pay the entire balance of the salary at a future date which is the deferment.
So A Player is on £3k per week ie £156k per year or £13k per month and accepts a 50% deferment to £6.5k. The government pays £2k (ie 80% of £2500) because the player is on furlough and the club pays £4.5k now. The balance of £6.5k will be paid by the club to the player at a future date.Mature, sensible signature required for responsible position. Good prospects for the right candidate. Apply within.
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03-04-2020 06:22 PM #42
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03-04-2020 06:25 PM #43
I think the club have done well and it's good that it appears that everyone has pulled together to work things out.
A few of my own thoughts:
Firstly Hibs will be as well advised as possible on the mechanics and legality of the furlough scheme.
Any player training/keeping fit on his own, even if using a programme prepared by the club, isn't breaking the furlough rules. Sports men and women, amateur and professional, stay fit. It's what they do. Even players out of contract (and therefore without an employer) stay in shape.
The top earning players will be "losing" the most money. Assuming calculations are being based on basic wages, there'll be no appearance money, win bonuses, etc. If the games aren't played then these are earnings that aren't deferred but simply lost.
Hibs are missing out on £0.5 - £1m in income until the end of the season. It could have been more if we reached the cup final, but it could also have been less (semi). In the past Hibs budgets included for reaching the quarter finals of the cup competitions, though I don't know if this is still the case.
The real unknown will be ST sales for next season. It's great that 2k have already done their bit and more will do so in the weeks and months to come, but unfortunately many will be simply unable to do so and this is what will affect the club most and also remains the biggest unknown going forward.
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03-04-2020 06:28 PM #44This quote is hidden because you are ignoring this member. Show Quote
Implying other debt can be written off? Who'd've thunk it?
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03-04-2020 06:32 PM #45This quote is hidden because you are ignoring this member. Show Quote
At a minimum, employers must pay their employee the lower of 80% of their regular wage or £2,500 per month. An employer can also choose to top up an employee’s salary beyond this but is not obliged to under this scheme.Mature, sensible signature required for responsible position. Good prospects for the right candidate. Apply within.
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03-04-2020 06:53 PM #46This quote is hidden because you are ignoring this member. Show Quote
Otherwise, agreed :)Last edited by CropleyWasGod; 03-04-2020 at 07:13 PM.
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03-04-2020 07:12 PM #47This quote is hidden because you are ignoring this member. Show Quote
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03-04-2020 07:18 PM #48
This may have been covered in another thread but is there a way to help the club? I'd be happy to buy from the shop but I'm not sure how much the club would make and I'd prefer a more direct way of giving money
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03-04-2020 07:52 PM #49
Be interesting to know in these strange times, who furloughs the like of Kamberi. Can both clubs do it?
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03-04-2020 08:13 PM #50This quote is hidden because you are ignoring this member. Show Quote
If he is then I don't see why not since the scheme is open to every employer in the UK who pays an employee through PAYE as of 28th February.
The government would pay up to £2500 per month per club.
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03-04-2020 08:20 PM #51This quote is hidden because you are ignoring this member. Show Quote
We will have to come to an agreement with Rangers.
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03-04-2020 08:22 PM #52This quote is hidden because you are ignoring this member. Show Quote
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03-04-2020 08:25 PM #53
Handled in a professional way. To the staff and players affected, thank you. Like many they will have had their own concerns but have done what they can to help out at a difficult time.
Sent from my iPhone using Tapatalk
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03-04-2020 08:34 PM #54This quote is hidden because you are ignoring this member. Show Quote
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03-04-2020 08:43 PM #55This quote is hidden because you are ignoring this member. Show Quote
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03-04-2020 09:09 PM #56This quote is hidden because you are ignoring this member. Show QuoteThis quote is hidden because you are ignoring this member. Show Quote
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03-04-2020 09:11 PM #57This quote is hidden because you are ignoring this member. Show Quote
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04-04-2020 07:15 AM #59
This group of players deserve our sincere thanks for the way they’ve worked with the club to a resolution that will ultimately see the club come through this crisis in good health.
Some of them have been given a rough time this past year, some of it justified in a football sense, but this all has an air of real class about it. Well done to the players and the club, really proud to be a Hibby. This doesn’t seem to be getting the positive media attention it deserves.
Throw in the fans buying season tickets for a season we know nothing about yet, and you’ve got everyone associated with the club pulling together and going in the same direction - it can only stand us in good stead for when the football does return!
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04-04-2020 08:41 AM #60This quote is hidden because you are ignoring this member. Show Quote
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