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  1. #841
    Quote Originally Posted by Scouse Hibee View Post
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    Doesn’t make a lot of sense, if they could afford to pay everyone the extra 20% surely they would have paid it monthly rather than owe a big lump sum when they return.
    Also furlough only covered 80% up to 2500 a month. So the difference is a lost more than 20% for almost every player.


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  3. #842
    @hibs.net private member Scouse Hibee's Avatar
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    Quote Originally Posted by underscore View Post
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    Also furlough only covered 80% up to 2500 a month. So the difference is a lost more than 20% for almost every player.
    Yes so why would the club want to be held to pay that amount in a period when there has been very little revenue?

  4. #843
    Coaching Staff Speedway's Avatar
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    Quote Originally Posted by Ozyhibby View Post
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    Costs £7m a month to run Celtic. If there is no money coming in then they will very quickly burn through that cash pile of theirs.


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    £84m a year to run the club?
    All of the above is 'IMO'

  5. #844
    @hibs.net private member Ozyhibby's Avatar
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    Quote Originally Posted by Speedway View Post
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    £84m a year to run the club?
    Yip.



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  6. #845
    Quote Originally Posted by underscore View Post
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    Really?
    This came from someone at the club my old man is mates with. He was speaking to him this morning.

  7. #846
    @hibs.net private member green day's Avatar
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    Quote Originally Posted by bigwheel View Post
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    I notice Aberdeen annnouncjng today they have raised £5M versus their £10M hole due to Covid...quite impressive. I wonder what our equivalent numbers are ?


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    He wasnt entirely clear on this - Richard Gordon said this;


    'It hinges on wage cuts' - analysis
    BBC Radio Scotland's Sportsound presenter Richard Gordon

    They're talking about the highest earners taking a temporary cut equivalent to about 15-20%. They had deferrals already in place, and they're going to be paid in full next May. But this is a cut that will last for whatever period of time is agreed.

    I think they're hoping to get that black hole of losses down from £10 to nearer £4m, and it would appear it hinges on wage cuts. They're hoping to make no redundancies at all, and it would not affect any employee earning less than £30,000 a year.

    It is a wee bit disingenuous to say they have made the savings - until the players accept some rather large wage cuts.............and they are cuts, not deferrals.............then they cant make these savings.

  8. #847
    @hibs.net private member CropleyWasGod's Avatar
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    Quote Originally Posted by HendoDelivered View Post
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    This came from someone at the club my old man is mates with. He was speaking to him this morning.
    I'm guessing that it applies to the non-playing staff only. The players are on deferred wages for the foreseeable future.

    The Club can afford it more now than they could do a few months back, as the final SPFL money is in, and ST sales have picked up quicker than they would have expected back in March.

  9. #848
    Coaching Staff Smartie's Avatar
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    Quote Originally Posted by Scouse Hibee View Post
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    Yes so why would the club want to be held to pay that amount in a period when there has been very little revenue?
    Have we not sold more than 8000 season tickets in that time?

  10. #849
    Testimonial Due number9dream's Avatar
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    Quote Originally Posted by Scouse Hibee View Post
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    Doesn’t make a lot of sense, if they could afford to pay everyone the extra 20% surely they would have paid it monthly rather than owe a big lump sum when they return.
    Exactly. Hibs will have been topping up the furlough payments to meet whatever the various deferral totals were in wages.
    The deferred portion of salaries will come at a later date when the club is back on an even keel.
    The figure isn't going to be 20% either. JRS pays 80% 'up to £2500 a month'... Every senior player will be on significantly more than that.
    Player X agrees a deferral from £8000 a month to £6000 a month = govt paying £2500 and the club adding £3500. Player X gets the £2000 a month he has missed at a later date when the club can afford it.
    JRS will be over now that they are back to work, with Hibs paying player X the agreed temporary cut of £6000, while negotiations over further reductions in costs go on.
    Surely that's how it works...
    Last edited by number9dream; 21-06-2020 at 05:51 PM.

  11. #850
    Quote Originally Posted by HendoDelivered View Post
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    This came from someone at the club my old man is mates with. He was speaking to him this morning.
    Not sure that will be true mate...I am currently furlough on 80% salary and I won't get my 20% back when I return to work

  12. #851
    @hibs.net private member lord bunberry's Avatar
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    Quote Originally Posted by CropleyWasGod View Post
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    I'm guessing that it applies to the non-playing staff only. The players are on deferred wages for the foreseeable future.

    The Club can afford it more now than they could do a few months back, as the final SPFL money is in, and ST sales have picked up quicker than they would have expected back in March.
    Is it possible that any wage reductions are on the condition that all money from the deferrals is paid up?

    United we stand here....

  13. #852
    @hibs.net private member Scouse Hibee's Avatar
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    Quote Originally Posted by Borderhibbie76 View Post
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    Not sure that will be true mate...I am currently furlough on 80% salary and I won't get my 20% back when I return to work
    Do you work for Hibs?
    If not there is no comparison to made if Hibs have actually promised this to their staff.

  14. #853
    @hibs.net private member CropleyWasGod's Avatar
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    Quote Originally Posted by lord bunberry View Post
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    Is it possible that any wage reductions are on the condition that all money from the deferrals is paid up?
    It's possible. That will likely be a central part of the current negotiations.

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