£7.2m loss
- Thread starter Weehibbydrew
- Start date
westsidehibs
Private Member
Shocking , club is obviously not getting run correctly.
emerald green
Private Member
Im actually disgusted at that bottom line.
Spraffing to us that the accounts this time would be much better than last year and wages to turnover would be corrected.... aye 3%!, increased turnover, debt forgiveness etc etc.
Ive not changed my stance. The gordons are not a good fit for Hibernian. Bitterly disppointed in this.
Spraffing to us that the accounts this time would be much better than last year and wages to turnover would be corrected.... aye 3%!, increased turnover, debt forgiveness etc etc.
Ive not changed my stance. The gordons are not a good fit for Hibernian. Bitterly disppointed in this.
westsidehibs
Private Member
Some backing Kensell as well hopefully the Gordon's will be gone soon
Greenmachine
Private Member
A disastrous set of accounts...and very worrying for the future of the club.
At least we know the situation at the club, so things do become clearer.
We also now know the true reason that the CEO Ben Kensell was emptied...not the salacious stuff recently being put out on social media.
The Gordons will very likely be offsetting this massive loss, before everyone races for the pitchforks.
We would be in administration by now if they weren't.
The club however needs to be put up for sale.
At least we know the situation at the club, so things do become clearer.
We also now know the true reason that the CEO Ben Kensell was emptied...not the salacious stuff recently being put out on social media.
The Gordons will very likely be offsetting this massive loss, before everyone races for the pitchforks.
We would be in administration by now if they weren't.
The club however needs to be put up for sale.
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Hibee Kev
Private Member
I said last week that I feared this year's accounts would be bad, but I wasn't expecting this. Some serious questions need answered:
- Is this loss inclusive of the £6M injected by the Black Knights a year ago? If so that's even worse.
- What were we doing bidding £1M for McGowan?
- Managerial sackings cost us a fortune but you're talking 6 figures not £7M so where has the money gone?
westsidehibs
Private Member
17.5 m in 3 years...get them to fuck out our club
Leroy
Private Member
Had a feeling this was coming given some of the murmurings since the turn of the year. Didn’t expect it to be this bad though. Makes me wonder how we’re going to rebuild an entire squad in the summer if we’re in such a sorry financial state. How can we afford to have so many members of staff whose role is unclear at best.
bigmanandy
Aulder Than The Internet This Radge
Disgraceful, no wonder Kensells gone, Gordons need to go, no way to run the club.
CorkHibee1875
Private Member
Total shambles tbh. We keep hearing the same lines from the Gordon's but the proof is in the pudding. They aren't a good fit for Hibernian Football Club.
cleanyman
Well-Known Radge
Rejected a 2.5 million bid for Youan
Gave David Marshall a job. How much is he costing ?
Malky Mackay ffs and Ian Gordon scouting some of the worst players I’ve ever seen
Some of our players are on ridiculous wages as well. Tough year ahead.
Where’s Petrie?
Smurf
Private Member
Absolutely shocking recruitment and managerial appointments have cost us an unbelievable amount of money. For a club of our size and turnover a colossal amount - quite staggering really.
Too many think with all these players out of contract in the summer we will have some magnificent reset and we will kick on next season with third pretty much assured. It's absolutely delusional. Our recruitment budget will be adversely affected by these accounts and it'll be the support hit with large season ticket price increases.
The bottom line is they could have picked any of us to run the show the last 3 years and I doubt the cumulative losses would be any worse. An absolute shit show. Incompetence isn't the half of it.
Too many think with all these players out of contract in the summer we will have some magnificent reset and we will kick on next season with third pretty much assured. It's absolutely delusional. Our recruitment budget will be adversely affected by these accounts and it'll be the support hit with large season ticket price increases.
The bottom line is they could have picked any of us to run the show the last 3 years and I doubt the cumulative losses would be any worse. An absolute shit show. Incompetence isn't the half of it.
Leroy
Private Member
The rumour was that Youan was away for £1.5m if he hadn’t failed his medical. The wages some are on is doubly difficult - costing us a fortune and will make moving players on really challenging. Guys like Jair will either want paid up or will see out their contracts. It’s a complete mess.
Keithd1875
Well-Known Radge
Wages to turnover 78% fucking idiots. Bet loads of that will be on non playing staff like the racist prick Mackay and his mate David Marshall who got given a job no one else got to apply for.
Keithd1875
Well-Known Radge
Fuck BBC and fuck sportscene who gives a fuck what they say or think?
Ben picked up in excess of £320k once again.
Good job.
Good job.
Aye. Nobody will take any notice of the adverse publicity.
Who is the finance director these days?
I can’t help but think the club has been deliberately run this way, it’s not a case of a lack of financial control
Why would they deliberately run the club down?
Greenmachine
Private Member
One other thing which needs to be looked at urgently amongst many others, is the cast of thousands behind the scenes at Hibs, whose salaries will be significant, but whose contribution to the wellbeing of the club is a complete mystery to everybody.
I always found it strange that the list of employees, and what their job titles are, was suddenly taken down from the official site. Emergency surgery required pronto at Hibs. Suddenly this summer's recruitment has taken on a whole new emphasis.
I always found it strange that the list of employees, and what their job titles are, was suddenly taken down from the official site. Emergency surgery required pronto at Hibs. Suddenly this summer's recruitment has taken on a whole new emphasis.
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Phillipa Lombardi.
Jack
Private Member
I'm assuming staff wages and therefore the ratio thing includes all staff?
I wonder how much of that is the bloated non playing staff. Every area behind the scenes seems to have become a growing year on year.
The recruitment of players in the summer, when the heid honchos would have known the financial state of the club, was in my opinion probably the worst I've seen, scraping about in charity shops when the vision was Waitrose.
Never mind the clear out of players this summer. We need someone to go in and clear the decks off the pitch as well.
I wonder how much of that is the bloated non playing staff. Every area behind the scenes seems to have become a growing year on year.
The recruitment of players in the summer, when the heid honchos would have known the financial state of the club, was in my opinion probably the worst I've seen, scraping about in charity shops when the vision was Waitrose.
Never mind the clear out of players this summer. We need someone to go in and clear the decks off the pitch as well.
Smurf
Private Member
Unreal.Ben picked up in excess of £320k once again.
Good job.
I wonder how much Malky Mackay and his assistant David Marshall are costing us for non recruitment for a year.
I'm surprised, although I shouldnae really be, they announced this today before an important match. I expect the fans will have something tae say about it and that might distract the players.
Hibee Kev
Private Member
Bit of a wild theory but could it be that the Black Knights have deliberately held off on further involvement and investment to essentially give the Gordon's enough rope to hang themselves - i.e. Make a bigger mess, generate further losses, devalue the club and make it cheaper for them to ultimately buy in its entirety?
Smurf
Private Member
It does appear beyond incompetence.... For what purpose though....
Aye fair comment Kev. I just hope it disnae go the other way and BK's pull out.Bit of a wild theory but could it be that the Black Knights have deliberately held off on further involvement and investment to essentially give the Gordon's enough rope to hang themselves - i.e. Make a bigger mess, generate further losses, devalue the club and make it cheaper for them to ultimately buy in its entirety?
Keithd1875
Well-Known Radge
Seriously who cares? They don't give a shit about anything outside GlasgowAye. Nobody will take any notice of the adverse publicity.
I’m guessing Bill Foley cares about a shit show that is looking to his franchise to pump money in. That’s who.
Keithd1875
Well-Known Radge
The accounts also state £1m has been written off because the company owing money has gone into liquidation.
WTAF
WTAF
Keithd1875
Well-Known Radge
Haha aye cos he'll go to BBC Scotland for his info
