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Hibernian keep wages under control

Full accounts from Hibernian for 2017/18 show income up 25% to £9.6 million as a result of record attendances at Easter Road and the increased prize money associated with the Premiership. The club reported a profit before tax of £0.2m compared to a loss of £0.3m the previous year in the Championship.

The main expense for clubs is wages and these increased by 17% to an estimated average of £2,400 a week. Wages still under good control at £56 for every £100 of income which is at lower end of the SPFL. Good wage control saw Hibs reverse the previous season losses. Hibs player spending was moderate by SPFL standards at just over half a million. The wages to turnover ratio reduced to a satisfactory 56 per cent.

Player trading resulted in a loss of £0.5m at the end of the year compared to a gain of £0.5m in the previous year.

One person who has done well at Hibs last season is the highest paid director who saw pay package rise by 51% to £208,000.

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