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Wage cuts

wrighty

Bounce Radge
Kind of jumping onto this thread a bit late but the facts are the facts.

We are going to have to cut costs but I doubt we are in a worse position than the majority of other clubs in the SPL, there will be few hanging (financially) on by a thread.

Why has Ron not put his hand in his pocket? keeps getting mentioned by a few. I would prefer to see us being viable without hand-outs from a owner, who could get hit by a bus next week. The club needs to be strong on its own, if Ron invests in the Club I would think it will be in the Infrastructure which gives stability and him a longer term return.

Also, stop worrying about competing with the Arabs for Nisbet, they have the money because Shankland is already lines up for sale.
 

Greenmachine

Bounce Radge
At various times during his near 30 year tenure as club owner, I understand Sir Tom Farmer provided financial guarantees and loans for the club in times of crisis or when finances and trade were low. I have an uneasy feeling Ron Gordon will not be quite as benevolent. He has tried to be as fair as possible with his employees since the lockdown started, but as an American businessman IMO he will instinctively take a ruthless attitude when it comes to profit and loss and the bottom line. It will be the same with all of his companies. I think we are going to have to learn as a club to be completely self-sufficient.
In scottish football, if we are not allowed crowds into our stadiums very soon, it will very much be the survival of the fittest. I very much hope we emerge as one of the fittest.
 
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PILTONSTANY

Shameless Radge
Bounce Radge
At various times during his near 30 year tenure as club owner, I understand Sir Tom provided financial guarantees and loans for the club in times of crisis or when finances and trade were low. I have an uneasy feeling Ron Gordon will not be quite as benevolent. He has tried to be as fair as possible with his employees since the lockdown started, but as an American businessman IMO he will instinctively take a ruthless attitude when it comes to profit and loss and the bottom line. It will be the same with all of his companies. I think we are going to have to learn as a club to be completely self-sufficient.
In scottish football, if we are not allowed crowds into our stadiums very soon, it will very much be the survival of the fittest. I very much hope we emerge as one of the fittest.
This has maybe been the problem in the past,having an owner that isn’t that interested and happy for the club to plod along not really achieving much.

Obv no-one wants the situation that has occurred but i’m happy if in future folk at Hibs are pushed by Ron into making us a success on and off the pitch.
 

EA2007

Last Of The Summer Wine Radge
Bounce Radge


“Players and staff are undergoing a 30-day consultation period over cost-cutting after Hibs announced a restructuring process earlier this week. Discussions are ongoing but it is understood there has been initial pushback from the squad.”

“Head of Academy Eddie May, and youth coaches Grant Murray and Lee Makel are expected to leave the club. It is expected the youth academy will be closed down as part of the cost-cutting measures.”
 

Greenmachine

Bounce Radge
If Hibs are going to temporarily close the Youth Academy and not have a development team (hellish if true), I presume that also means that all the players will be freed. I can see two or three being fast tracked into the first team squad for 20/21 season.
 
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Daddy 'O' Hibee

The Hibee Radge
Bounce Radge
Hibernian FC collectively will live within its means and hopefully survive the financial disaster looming. There are some who live within somebody else's means? Football in Scotland won't survive without fans attending games.
 

Al Catraz

Bounce Radge
If Hibs are going to close the Youth Academy and not have a development team (hellish if true), I presume that also means that all the players will be freed. I can see two or three being fast tracked into the first team squad for 20/21 season.
Any long term team plans going out the window I guess or is the baby being bunged out with the bath water :unsure:
 

hibbybilly

radge grandad radge
Bounce Radge

Forzahibs

I'm a Radge Donator
Bounce Radge
At various times during his near 30 year tenure as club owner, I understand Sir Tom Farmer provided financial guarantees and loans for the club in times of crisis or when finances and trade were low. I have an uneasy feeling Ron Gordon will not be quite as benevolent. He has tried to be as fair as possible with his employees since the lockdown started, but as an American businessman IMO he will instinctively take a ruthless attitude when it comes to profit and loss and the bottom line. It will be the same with all of his companies. I think we are going to have to learn as a club to be completely self-sufficient.
In scottish football, if we are not allowed crowds into our stadiums very soon, it will very much be the survival of the fittest. I very much hope we emerge as one of the fittest.
We've had over 8500 already paid for a full season , how much is this Sky thing costing us i wonder ???
 

PILTONSTANY

Shameless Radge
Bounce Radge
If Hibs are going to temporarily close the Youth Academy and not have a development team (hellish if true), I presume that also means that all the players will be freed. I can see two or three being fast tracked into the first team squad for 20/21 season.
We can’t play any games and it costs clubs a fortune to test all the players for what are really just friendlies,mothballing it is harsh but that’s where we are.
Reckon you’re right about a few being promoted to the 1st team.
 

PILTONSTANY

Shameless Radge
Bounce Radge
I’d guess we will also lose funding from sfa for academy which from memory is in the region of 600k. pa
I could be wrong but it’s the SFA that are advising there will be no Pro Youth football until January.
I’ll try to find out if it’s true.
 

SlovSam

Bounce Radge


“Players and staff are undergoing a 30-day consultation period over cost-cutting after Hibs announced a restructuring process earlier this week. Discussions are ongoing but it is understood there has been initial pushback from the squad.”

“Head of Academy Eddie May, and youth coaches Grant Murray and Lee Makel are expected to leave the club. It is expected the youth academy will be closed down as part of the cost-cutting measures.”
Damm right there has been an initial push back from the squad as they are greedy footballers who think the world owes them a living but more importantly they were sold a complete fairy story 3 months ago.😣.

Take a wee wage deferral lads which means you still get 100% of your salary and all I ask in return is you visit a few hospitals and make a few phone calls to the fans and tell them to stay big and strong and it will all be better in the morning when they can then buy their season ticket😣

Jack Ross included as he then went on a set up TV interview to crow about the "huge sacrifices" him and the lads were making knowing full well it really didn't come any better than this in the middle of a fkn pandemic.

Pass the sick bag.🤢

Cue 3 months later and sleepy old Ron then wakes up from his slumber and suddenly realizes what everyone else has spotted yonks ago which is there is no live football ( with fans) in 2020 and likely beyond and you can forget about any corporate or sponsorship income.😣

Suddenly there is a £6m to £8m wage bill to pay so deep cuts have to be made but all the goodwill has gone as you now have to go back to the players for a second time and this time not face to face and individually but via a group Zoom call.

Nae wonder the players are incandescent as they were sold a pup by an owner and Chief Executive completely asleep at the wheel.

Its now hard cold reality that has kicked in which is something high earning footballers have no experience of as their cossetted wee world can't comprehend 25% to 50% salary cuts to keep their jobs.

Note to self:
Make this the last time you have a wee tantrum on this subject.😀😉
 
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