Wage cuts at Hibs

[matty_f]

The Record are reporting that we're going to be along players to take a wage cut, having previously agreed to defer wages.

Clearly that's indicative of us expecting a big drop in income, but should we also take this as a sign that transfer activity will be minimal as well?

[H18 SFR]

Good discussion on this in a couple of other threads.

[BoomtownHibees]

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I heard that Hibs have made Colin Nish, Alan Combe, Grant Murray and Lee Maickle redundant this morning but as yet no statement from the club.

The DR article confirms Combe is likely to leave with Samson coming in to replace him

[Ozyhibby]

Always on the cards I’m afraid. There is going to be a massive hit to our finances over the next year. No club will escape it. We will likely try and sell Boyle and Kamberri but it’s a tough market to sell into as well.
There will still be players arriving but it will be on lower wages than we would normally pay.
Could be worse, could be in Hearts situation.


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[Since452]

Makes sense

[Bostonhibby]

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I heard that Hibs have made Colin Nish, Alan Combe, Grant Murray and Lee Maickle redundant this morning but as yet no statement from the club.

It's got legs,unfortunately.

I never get any good info but I trust this one.

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[Billy Whizz]

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I heard that Hibs have made Colin Nish, Alan Combe, Grant Murray and Lee Maickle redundant this morning but as yet no statement from the club.

That would be brutal for them
Makel and Nish work predominantly with the reserve/development team. I’ve got to know then and Grant quite well since going to the games
Think that tells you we’re highly unlikely to be having a team at that level this season

[PatHead]

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The DR article confirms Combe is likely to leave with Samson coming in to replace him

Surely that can't be a redundancy then?

[Billy Whizz]

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Surely that can't be a redundancy then?

We don’t know either of their job spec’s PH

[Liam978]

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It's got legs,unfortunately.

I never get any good info but I trust this one.

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Wish the club would confirm or deny all these circulating rumours. It hurts to see fans of other clubs commenting on our impending supposed bankruptcy. Only yesterday Dundee Utd were reporting that they were favourites to sign Nesbit subject to their managers estimation, as we were in financial turmoil.

[Bostonhibby]

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Wish the club would confirm or deny all these circulating rumours. It hurts to see fans of other clubs commenting on our impending supposed bankruptcy. Only yesterday Dundee Utd were reporting that they were favourites to sign Nesbit subject to their managers estimation, as we were in financial turmoil.

Agree.

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[sean04]

Unfortunately with a lack of income clubs will have to cut there cloth accordingly. Could mean players leaving. I think the majority of clubs will be in the same position

[CropleyWasGod]

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Wish the club would confirm or deny all these circulating rumours. It hurts to see fans of other clubs commenting on our impending supposed bankruptcy. Only yesterday Dundee Utd were reporting that they were favourites to sign Nesbit subject to their managers estimation, as we were in financial turmoil.

Given that, as the meeting (according to people on here) is taking place this afternoon, it would be wrong to make these things public until the most important people had been informed.

[Keith_M]

Obviously the removal of The Maroon Pound has already had an effect.

[Sammy7nil]

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Obviously the removal of The Maroon Pound has already had an effect.

Yip Tick Tock and all that

[Vault Boy]

It's just essential, sensible financial planning. There's now more of a roadmap for top flight football than at the start of the pandemic in the UK.

Hopefully we can work things out in a mutual and fair way. I'd trust our current executive team to do that. (Rather than threatening redundancies in the national press a week or two into the ordeal).

[Since452]

The Kamberi money will be very welcome. Hopefully it's a good fee

[flash]

This is far more important than the reconstruction circus.

[B.H.F.C]

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Wish the club would confirm or deny all these circulating rumours. It hurts to see fans of other clubs commenting on our impending supposed bankruptcy. Only yesterday Dundee Utd were reporting that they were favourites to sign Nesbit subject to their managers estimation, as we were in financial turmoil.

I wouldn’t be hurt by it. Hibs will be fine. We’re no different to any other business at this point in time. Substantially reduced income means you need to change your operation. Unfortunately, that’ll mean redundancy for some folk.

We’ll still have a team to watch though and we’ll still be watching them in the top league.

[Stuart93]

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Wish the club would confirm or deny all these circulating rumours. It hurts to see fans of other clubs commenting on our impending supposed bankruptcy. Only yesterday Dundee Utd were reporting that they were favourites to sign Nesbit subject to their managers estimation, as we were in financial turmoil.

I canny see the club commenting on absolute drivel being peddled from fans of other clubs that we’re going bankrupt. Nor did I think our fans would expect a statement on it due to its sheer ridiculousness

[Since452]

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I wouldn’t be hurt by it. Hibs will be fine. We’re no different to any other business at this point in time. Substantially reduced income means you need to change your operation. Unfortunately, that’ll mean redundancy for some folk.

We’ll still have a team to watch though and we’ll still be watching them in the top league.

That's how I feel. I'm safe in the knowledge that Hibs are in the best hands.

[where'stheslope]

Have said it on previous threads, much as it hurts to admit it, cutting wages rather than deferring them was always the way to go!!!
How can you pay a player 1.5 wages when no money coming in, its just ludicris!!!

[Peevemor]

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Have said it on previous threads, much as it hurts to admit it, cutting wages rather than deferring them was always the way to go!!!
How can you pay a player 1.5 wages when no money coming in, its just ludicris!!!

It depends how the players' deals are constructed.

If most players basic is only 70-80% of their final earnings (the rest being appearance money & bonuses), then having no matches effectively cuts their wages.

Budge admitted that their wages weren't heavy on bonuses, therefore win, lose or draw the players were still getting paid full whack (or nearly) - they had no choice but to go for wage cuts.

It also depends how you want to treat your employees.

[where'stheslope]

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It depends how the players' deals are constructed.

If most players basic is only 70-80% of their final earnings (the rest being appearance money & bonuses), then having no matches effectively cuts their wages.

Budge admitted that their wages weren't heavy on bonuses, therefore win, lose or draw the players were still getting paid full whack (or nearly) - they had no choice but to go for wage cuts.

It also depends how you want to treat your employees.

I take what you say as correct, but no matter who you work for, if you are asked to take a wage cut, you become disillusioned and start quoting contracts!
It is a sign of the times, and I'm afraid all clubs could be forced into this position sooner rather than later.
Hope the club can keep it to a minimum so we can keep the majority of the squad together!!!

[Peevemor]

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I take what you say as correct, but no matter who you work for, if you are asked to take a wage cut, you become disillusioned and start quoting contracts!
It is a sign of the times, and I'm afraid all clubs could be forced into this position sooner rather than later.
Hope the club can keep it to a minimum so we can keep the majority of the squad together!!!

Which is why Hibs deferred wages in the first instance. The club made the effort to do the right thing.

If the club does it's best for the players, the majority will reciprocate.

[CMurdoch]

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Wish the club would confirm or deny all these circulating rumours. It hurts to see fans of other clubs commenting on our impending supposed bankruptcy. Only yesterday Dundee Utd were reporting that they were favourites to sign Nesbit subject to their managers estimation, as we were in financial turmoil.

Obviously things are not good for Scottish football at the moment but Hibs are not in financial trouble.
The club had healthy financial reserves and no debt when Ron Gordon came in and nothing has been spent (other than on a new PA system I believe) to change that situation. On top of that we have sold 8,000 season tickets for next season and I reckon another 2,000 folk will be ready to buy or will buy before the new early bird deadline.

IMO only Celtic are in better financial shape and Dundee Utd are maxed out.
We know Rangers needed a cash injection to keep going to the end of this season so they will be hurting at the moment. FOH will just about keep Hearts floating. Aberdeen despite Cormack's babling will be fine.
Below that the smaller teams will have shed a lot of players on short term contracts as they always do and will hold off on restocking as long as possible.

If a club entered the current crisis in debt or with little or no reserves they will struggle but fortunately Hibs are not in that situation. The rainy day of rainy days has arrived and Hibs have a bit in reserve and the supporters behind them. GGTTH!

[lord bunberry]

I wonder if players will see this as a bit of a kick in the teeth. They were asked to take the deferral on the promise that wages would be returned to normal. Asking them now to take a wage cut might not go down well. The story is pretty vague and I’d hope that the players remain on board and together.

[The 90+2]

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I wonder if players will see this as a bit of a kick in the teeth. They were asked to take the deferral on the promise that wages would be returned to normal. Asking them now to take a wage cut might not go down well. The story is pretty vague and I’d hope that the players remain on board and together.

The alternative could mean the clause hearts where going on about where players can be released? They are in very good wages at a very good club, you would hope they would agree.

[Barney McGrew]

That’s Hibs now confirmed they’re in consultation with staff.

[CB_NO3]

If they accept the proposal you would like to think they would get their deferred wages paid up to date.

Be good if the club opened up other revenue streams as well throughout the season, for example the money that I would pay for an away game could go to the club.