Wage cuts at Hibs

[CapitalGreen]

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It's been explained to you several times on the PM board. You're probably just going to have to come to terms with the fact that you're not going to understand it.

To be fair, he’d regularly wet the bed during transfer windows in normal times so this is just par for the course. It’s going to be another long window 🙄

[Heisenberg]

https://bit.ly/3fvjx6v

This article seems a bit of a mess. On one hand the players are raging and might want out but on the other they are sympathetic and willing to help.

[madhatter]

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https://bit.ly/3fvjx6v

This article seems a bit of a mess. On one hand the players are raging and might want out but on the other they are sympathetic and willing to help.

Must have started interview with Harvey Dent and finished it with Two-Face?

[Lago]

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https://bit.ly/3fvjx6v

This article seems a bit of a mess. On one hand the players are raging and might want out but on the other they are sympathetic and willing to help.

I think certain players will be asking their agents to have a look around for alternative clubs.

[green day]

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I think certain players will be asking their agents to have a look around for alternative clubs.

Which clubs will have the cash to pay players though?

[bingo70]

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I think certain players will be asking their agents to have a look around for alternative clubs.

That’s fine with me.

If we’re cutting wages as we’re skint we need to be generating whatever we can through player sales.

Entirely reasonable for the club and players to want that.

[Callum_62]

Interesting development

Not shocked although will be if other clubs arnt doing the same

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[lord bunberry]

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That’s fine with me.

If we’re cutting wages as we’re skint we need to be generating whatever we can through player sales.

Entirely reasonable for the club and players to want that.

Will it not be the case that players will be able to leave for nothing if we cut their wages?

[madhatter]

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I think certain players will be asking their agents to have a look around for alternative clubs.

Possibly poor of me but I think we can be very competitive on the pitch paying player wages befitting of the current situation. If some of our high earners leave then so be it. Let’s not forget how average we were last season while paying quite a bit for our squad. Players have right to protect their livelihoods but they best get some advice on the general landscape of football. Selfish agents probably aren’t the best people to seek advice from in this regard...

Can’t be sentimental here when it comes to players. We need to think of club more than anything. Players come and go, we need to ensure club remains.

[green day]

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Will it not be the case that players will be able to leave for nothing if we cut their wages?

If we impose, perhaps.

But they will be asked to lengthen contracts on lower salaries instead.

Some may prefer to be sold - kamberi, Boyle perhaps?

It will all work out in the end.

[bingo70]

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Will it not be the case that players will be able to leave for nothing if we cut their wages?

Don’t see good players leaving for nothing during administration for clubs so it must be avoidable.

No way we would lose say a £2m asset for the sake of trying to save a matter of hundred of pounds a week on that player

[Andy74]

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Possibly poor of me but I think we can be very competitive on the pitch paying player wages befitting of the current situation. If some of our high earners leave then so be it. Let’s not forget how average we were last season while paying quite a bit for our squad. Players have right to protect their livelihoods but they best get some advice on the general landscape of football. Selfish agents probably aren’t the best people to seek advice from in this regard...

Can’t be sentimental here when it comes to players. We need to think of club more than anything. Players come and go, we need to ensure club remains.

Yep, agree.

[Wilson]

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Must have started interview with Harvey Dent and finished it with Two-Face?

Well, Kamberi IS allowed an opinion.

[bingo70]

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If we impose, perhaps.

But they will be asked to lengthen contracts on lower salaries instead.

Some may prefer to be sold - kamberi, Boyle perhaps?

It will all work out in the end.

Lower salaries but bigger bonuses perhaps? That way if we don’t bring other people in there’s less chance of the players achieving these bonuses.

Jack ross is going to have his work cut out this summer that’s for sure.

[Ozyhibby]

Apart from Boyle, Porteous, Kamberri and Doidge I think any other player not that happy would be allowed to walk.


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[MWHIBBIES]

Is it unreasonable to expect our owner to help in this time? I dunno.

I think Farmer definitely would do everything he could to help and I very much hope Ron does too.

[The 90+2]

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Is it unreasonable to expect our owner to help in this time? I dunno.

I think Farmer definitely would do everything he could to help and I very much hope Ron does too.

Again spot on.

[FilipinoHibs]

We have to budget for our times. We will have projected a budget to June 2021. There is likely to be no match day income till then - no walk ups, no away fans and no other match day sales. There is also likely to be a fall off in season ticket sales - probably at least 2,000 on last season. We have TV money/prize money. Our outgoings are dominated by wages. Ron has rightly said we must prune the wages back to supporting the first team as well as cutting players wages. Do all this and we will minimise our monthly shortfall. Selling some players will help to. But I am sure some money will be diverted from other projects just to keep the club running. These are hard times and every business will be going through the sane decision making process. This is about surviving the worst economic recession since the 1930s great depression.

[04Sauzee]

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Is it unreasonable to expect our owner to help in this time? I dunno.

I think Farmer definitely would do everything he could to help and I very much hope Ron does too.

Maybe he has?
Maybe farmer would have reduced the terms of his loan to Hibs?

We don't know what Ron is or isn't doing. I'm sure he's on the working party that's been put together to get football played again in front of paying customers, maybe it's now further off than first thought

[madhatter]

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Is it unreasonable to expect our owner to help in this time? I dunno.

I think Farmer definitely would do everything he could to help and I very much hope Ron does too.

I think it became quite reasonable when we started talking about people losing jobs and livelihoods and fans trying to contribute monthly donations...think it becomes quite reasonable to expect owner to contribute to the survival of the company he owns. Especially when he took share issue off the table. Over to you Ron...

Obviously if he is already doing something then great!

[MWHIBBIES]

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Maybe he has?
Maybe farmer would have reduced the terms of his loan to Hibs?

We don't know what Ron is or isn't doing. I'm sure he's on the working party that's been put together to get football played again in front of paying customers, maybe it's now further off than first thought

Thing is, this is as difficult as it will get for Ron at Hibs. If he gets this wrong we'll be back to where we were in 2014 and it will all have been for nothing. This actually sounds really serious.

I would take an average season right now, all these wage cuts and talk of unhappy players has relegation battle written all over it. Our current squad is much to good for that but take out Boyle, Allan, Marciano and Doidge and were a very ordinary side.

[HendoDelivered]

Seen this post on Facebook in reply to someone on one of the fans pages.

“Hi Derek, how's u? Hibs staff costs are just under £6.5m a year and total operating costs not far of £11.5m. Even if we sold 15k season tickets and they were all £400 each (no where near this on average) that would only be £6m and not even enough to cover wages. Without fans going to games, buying merch, hospitality, etc it’s tough times ahead.”

No idea how they knows these exact figures but thought it would be worth posting on here.

[Col2]

While the club deserve credit for the way they have handled the player deferrals, the timing and PR around the last couple of days has been very poor.

The club have said little recently (we didn’t even know when they were back to training until yesterday) and the timing of yesterday announcement felt like delivering bad news (hidden) right after reconstruction outcome.

The fact that they hadn’t spoke to the players and staff before the announcement (assuming that true) is crap. It reads as an ultimatum and warning to the staff.

I get that we have some challanging outlook financially but it really pisses me off that our only income source appears to be from season tickets and tv distribution money to make up the 50% of turnover.

Yet here we are trying to promote HSL(who do these best) on a shoestring and the most basic comms approach. We have had months to be more creative on this.

IF we sell Boyle and Allan and Doidge along with Kamberi and rocky we are screwed.

The whole thing reads like - we are lucky we have significant cash deposits but Ron wants his cash back thank you very much and while I have no issue with that surely there is a little more ambition from our new owner than to totally downgrade the club?

[lord bunberry]

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Don’t see good players leaving for nothing during administration for clubs so it must be avoidable.

No way we would lose say a £2m asset for the sake of trying to save a matter of hundred of pounds a week on that player

That might also cause problems. If a player is worth money and we don’t cut their wages the other players will be annoyed about that. The whole thing is going to open a can of worms that might not end well. The owner needs to step up and put his money where his mouth is.

[lord bunberry]

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If we impose, perhaps.

But they will be asked to lengthen contracts on lower salaries instead.

Some may prefer to be sold - kamberi, Boyle perhaps?

It will all work out in the end.

I hope so mate.

[matty_f]

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That might also cause problems. If a player is worth money and we don’t cut their wages the other players will be annoyed about that. The whole thing is going to open a can of worms that might not end well. The owner needs to step up and put his money where his mouth is.

I suppose the owner's ability to do that will depend on the nick of his other businesses as well, and whether he's in a position to prop them all up (if needed) personally.

I think if we were his only concern,u expectation would be that he sees us right, but I think he has a number of businesses and without knowing how they're all doing, it might be that he needs us to cut our cloth in the meantime.

[Waxy]

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Apart from Boyle, Porteous, Kamberri and Doidge I think any other player not that happy would be allowed to walk.


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No much point in walking when all the other clubs are doing the same.

[FilipinoHibs]

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Seen this post on Facebook in reply to someone on one of the fans pages.

“Hi Derek, how's u? Hibs staff costs are just under £6.5m a year and total operating costs not far of £11.5m. Even if we sold 15k season tickets and they were all £400 each (no where near this on average) that would only be £6m and not even enough to cover wages. Without fans going to games, buying merch, hospitality, etc it’s tough times ahead.”

No idea how they knows these exact figures but thought it would be worth posting on here.

Last accounts turnover £10.8m, staff costs £6.3m. Operating loss £0.7 m. Operating costs then £11.5 million. Transfer fees of £2.8m saved us. This year season ticket sakes so far £3.4 million and SPFL prize money £1.4m. We have a huge shortfall. We may get more season ticket sales say plus £1m and say another £0.5m from merchandising. Matchday income unlikely this coming season. We would have a £4.5 million shortfall. Need to prune back operations to the core and reduce wages to survive. Transfers will help a little. We need McGinn to Man U.

[Brightside]

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While the club deserve credit for the way they have handled the player deferrals, the timing and PR around the last couple of days has been very poor.

The club have said little recently (we didn’t even know when they were back to training until yesterday) and the timing of yesterday announcement felt like delivering bad news (hidden) right after reconstruction outcome.

The fact that they hadn’t spoke to the players and staff before the announcement (assuming that true) is crap. It reads as an ultimatum and warning to the staff.

I get that we have some challanging outlook financially but it really pisses me off that our only income source appears to be from season tickets and tv distribution money to make up the 50% of turnover.

Yet here we are trying to promote HSL(who do these best) on a shoestring and the most basic comms approach. We have had months to be more creative on this.

IF we sell Boyle and Allan and Doidge along with Kamberi and rocky we are screwed.

The whole thing reads like - we are lucky we have significant cash deposits but Ron wants his cash back thank you very much and while I have no issue with that surely there is a little more ambition from our new owner than to totally downgrade the club?

Players and staff were spoken to prior to it appearing in the press. The press report didn’t come from Hibs direct.

[grunt]

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The fact that they hadn’t spoke to the players and staff before the announcement (assuming that true) is crap. It reads as an ultimatum and warning to the staff.

Do you really think this is what the club did? Really? Jeez.