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Concerns over Hibernian finances

Losses of over £7m are worrying for a club of Hibernian's size and there are clearly some underlying problems at the club: https://www.scotsman.com/sport/football/hibs/latest-hibs-news/hibs-grotesque-finances-leave-dark-stain-and-no-easy-fix-for-embattled-regime-amid-ps71m-loss-4980975

The finances have deteriorated over the years and the club is frank about the challenges that it faces: https://www.heraldscotland.com/news/24919757.hibernian-football-club-accounts-lay-bare-deterioration/

One issue is that players appear to have been overpaid in relation to performance.   The wages to turnover ratio is at a high and worrying level for Scotland.

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