Five days on from the AGM, and having sat through what was, as I said earlier, a very well presented and professional event, there is just something which still bothers me.
I really don't think, in layman's terms, that the reasons for our £4 to 5 Million trading loss which is about £18 Million over the last three or four years...were explained properly to the shareholders.
The Financial Director gave a very good presentation with lots of graphs and trading figures and she seemed to say that things were getting better and the figures will look much better next financial year, which is fine, we will have to take her word for that, but as to why we got into this mess in the first place was not really dealt with in any great detail. Everyone has there own ideas. For me our signing strategy instigated from the time when Ron bought the club in 2019 and very much geared towards having a separate Development team playing regularly against top class opposition, was an unmitigated failure and a very costly one.
As a club we have simply spent way more than we have brought in....and I suspect staff costs were really high. Then we had the odd appointment of Brian McDermott as our "sporting director" a man who didn't seem to know from day one what his job was supposed to entail.
As I have said before, Ron Gordon for me should have immediately from day 1 appointed a proper Director of Football with a defined strategy, either McKay or someone of his football experience, to run the whole football operation right from the start. Instead of going for this mass signing policy with his son Ian being named Head of Recruitment, we should have had what we have now. I liked Ron very much. he had great ambitions for the club. He was a likeable, positive, and enthusiastic guy, but for me needed to be more ruthless, which is what you have to be in order to be successful in any business. However in my view he got things wrong from the start at Hibs as he had no knowledge of football, and needed someone in who did.
I was asked by several people I know after last weeks meeting...how the hell have we ran up so much trading debt over the last few years ?, and i'm afraid, despite having sat through all two and half hours of the meeting, I wasn't able to answer them in a clear and coherent way.