Hibs losses not sustainable, says chief executive
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Hibs losses not sustainable, says chief executive
""We don't believe those losses are sustainable. You'll see that reflected in next year's accounts. We think there is significantly more revenue to be generated on the business side so that we are not dependent on European qualification or player trading in any given season.""
""That is what we are working towards. The Gordon family have shown incredible commitment, but our intention is to build a model that is sustainable in the long-term. You grow revenue, you grow the club.""
""We've been open about the balance between principle and revenue. We're working with fans to decide the best approach. We would always prefer to fill those seats with our own supporters, but we also have to consider the financial impact.""
Hibernian FC reported financial losses of 5.8 million this year, totaling over 18 million in four seasons. Chief executive Dan Barnett stated reliance on the Gordon family's financial backing is not sustainable. The club aims to generate more revenue independently, focusing on player trading and matchday income. Plans include potentially allocating more South Stand tickets to away supporters to fill unoccupied seats, which could cost the club 150,000 to 200,000 annually. Barnett emphasized the importance of consulting supporters in decision-making processes.
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