Cormack Q&A

[paddy]

Its obvious that everyone involved in the club know that the board has no confience in the mangement team, but dont have to money to pay them off.

Throw in the whole Hernandez saga, and the wee matter of a global pandemic and it basically boils down to an absolute shit show.

This Q&A thing is the icing on the cake - just seems so ill-informed!

We are limping on until the end of the season, just going through to motions, probably ending in 5th position.

As mentioned several times, i just cant wait for this season to end. I havent felt this much "AFC cant give a shit-ness" for a good while.

[super_al]

I am shaking my head with this action. We would all love an update regarding the financial situation. 14 million running costs......looks like we know why Hibs are able to strengthen as they made cut backs early on whilst we didn't. 
 

This is poor from the club, very poor. 

[For Fecks Sake]

10 minutes ago, super_al said:

Looks like we know why Hibs are able to strengthen as they made cut backs early on whilst we didn't. 

Hibs did make cut backs and got slagged to bits by doing so - especially by posters on the Hat.

Short term fix indeed but what are the potential longer term implications for them as well?

[RUL]

We were promised a full financial update but we've been left with "net" figures for income and gross expense figures which don't clarify anything. 

Maybe he's trying to take pressure of the manager by coming across as more incompetent than the manager. 

[super_al]

23 minutes ago, For Fecks Sake said:

Hibs did make cut backs and got slagged to bits by doing so - especially by posters on the Hat.

Short term fix indeed but what are the potential longer term implications for them as well?

I can't really see what the downside for Hibs is? They will more than likely finish 3rd, generate an extra 4 million from European football and be in a stronger financial position than us. 

[For Fecks Sake]

1 minute ago, super_al said:

Generate an extra 4 million from European football

Is that what they reckon this new European competition is worth?

[The Gee Man]

Obviously this dim twat thought we would win last two games, ronnie would be sold and wee are all daft c*nts who wouldn’t know any better! What a fool he has made of us, Del and more importantly himself.

he will never recover from this in our eyes 

shame on him!!!!!!!

[Tord31]

11 minutes ago, For Fecks Sake said:

Is that what they reckon this new European competition is worth?

Thats whats the Dons have valued the Europa League PO spot as

I would value it at £5m to £10m if allowed normal crowds next season

[Studebaker-90]

3 minutes ago, The Gee Man said:

Obviously this dim twat thought we would win last two games, ronnie would be sold and wee are all daft c*nts who wouldn’t know any better! What a fool he has made of us, Del and more importantly himself.

he will never recover from this in our eyes 

shame on him!!!!!!!

Get a fucking grip ??

[strachanmcgheegoal]

Whilst I don’t think it’s as extreme as Gee Man suggests I would say Cormack is learning he’s dealing with a very different animal to the immersed blinkered unquestioning fan of yesteryear.  There’s a number of reasons for that.  Tough!

[PondHopper]

People in GA will understand this one. He just pulled a David Purdue. 

[Ten Caat]

1 hour ago, Tord31 said:

Thats whats the Dons have valued the Europa League PO spot as

I would value it at £5m to £10m if allowed normal crowds next season

You think Hibs would stand a viable chance of getting through the final Europa qualifying round? Bearing in mind the best we have done is the 3rd round,

It's only worth that amount if they were to get through into the Europa group stages and have crowds in.

Get beat and it's the Conference groups. Money is shite in comparison.....you could make a smallish profit on the prize money after forking out for 3 charter flights and associated costs for away games....but lose all 6 matches without crowds and you are on to a loser. If you have crowds in at normal levels then you could make a decent amount....probably north of a million, £2million if you can win a few games

[Tommy]

He should have done the Q&A as promised, said it was an update as promised on the financial aspect and having given a statement last week about McInnes there would be no questions on him answered. The plans on finances are important.

[RUL]

10 minutes ago, Tommy said:

He should have done the Q&A as promised, said it was an update as promised on the financial aspect and having given a statement last week about McInnes there would be no questions on him answered. The plans on finances are important.

Plus his financial statement they have released has no context whatsoever. So now we are none the wiser as to what is going on. 

[1983]

6 minutes ago, Tommy said:

He should have done the Q&A as promised, said it was an update as promised on the financial aspect and having given a statement last week about McInnes there would be no questions on him answered. The plans on finances are important.

Exactly. Show some steel, acknowledge there were many questions about the on-field performance but reiterate in the strongest terms the previous statement citing the necessity to focus on the remaining games and have a review later. Then move on to the financials and maybe even an outline of some off-field positive initiatives aimed at helping raise funds without full crowds for the foreseeable...

[alscotoz]

8 hours ago, Stoneybloke said:

I thought we aleady were

We've never really had anyone worth selling until recently...and one of them was a bonus.

[ABERDEENROWIE1903]

The Chairman has looked at questions and bottled it thats the bottom

Talk of 15 ,0000  season tickets is simply a dream with our current manager and squad.

Its great being ambitious but thats unrealistic 

Better players and a better and stronger management would help

Stop looking at the fans to bale the club out, find some investors 

You and your inventors need to take the lead on this one

20 million might help, dig deep Dave

 

 

 

[shut up meg]

8 hours ago, super_al said:

I am shaking my head with this action. We would all love an update regarding the financial situation. 14 million running costs......looks like we know why Hibs are able to strengthen as they made cut backs early on whilst we didn't. 
 

This is poor from the club, very poor. 

I wasn't sure if I had read it correctly but it said the wages was 90% of £14.1m.

That would make the wage bill £12.5m compared to around £9m on the last accounts. That's a huge rise if correct.

[Sonoftherock]

That is a hugely embarrassing statement from Cormack.

He's definitely beginning to worry me now!  The hernandez stuff, the american venture capitalists getting involved...  why does he keep talking about financial oblivion?  I realise that all football clubs are being hit hard by COVID, by we were in great financial shape when he took over... surely we are as well placed as anyone to deal with what's coming?

[Tord31]

7 hours ago, Ten Caat said:

You think Hibs would stand a viable chance of getting through the final Europa qualifying round? Bearing in mind the best we have done is the 3rd round,

It's only worth that amount if they were to get through into the Europa group stages and have crowds in.

Get beat and it's the Conference groups. Money is shite in comparison.....you could make a smallish profit on the prize money after forking out for 3 charter flights and associated costs for away games....but lose all 6 matches without crowds and you are on to a loser. If you have crowds in at normal levels then you could make a decent amount....probably north of a million, £2million if you can win a few games

Ok pedants corner. Value the spot at £1M to £10M then

I think the Scottish club, most likely Hibs, has a chance of winning the tie. it'll be a very different mentality to facing the 3-4 ties on consecutive thursdays for 6-8 weeks

EUROPA

• Play-off round: €300,000
• Qualified to Group Stage: €2,920,000
• Match won in Group Stage: €570,000
• Match drawn in Group Stage: €190,000
• 1st in Group Stage: €1,000,000
• 2nd in Group Stage: €500,000
• Round of 32: €500,000

ECL monies not confirmed yet

We'd make £300k to £500k per home game in normal times from tickets/hospitality

 

Obviously ive said on other threads i dont believe any non season ticket holder will be at any home or away game until spring/summer 2022 so maybe the bottom end does need revised down but i wouldnt put it as low as £1M

[RUL]

1 hour ago, shut up meg said:

I wasn't sure if I had read it correctly but it said the wages was 90% of £14.1m.

That would make the wage bill £12.5m compared to around £9m on the last accounts. That's a huge rise if correct.

Plus the players and manager were meant to have taken a pay cut of 30%, after wage deferral initially. That would bring wage bill down surely? 

[shut up meg]

3 minutes ago, RUL said:

Plus the players and manager were meant to have taken a pay cut of 30%, after wage deferral initially. That would bring wage bill down surely? 

It was wage deferrals not wage cuts.

It would still be on the books but I'm not an accountant so I'm unsure if it would be in this years accounts or carried on to next years accounts.

[RUL]

2 minutes ago, shut up meg said:

It was wage deferrals not wage cuts.

It would still be on the books but I'm not an accountant so I'm unsure if it would be in this years accounts or carried on to next years accounts.

It was wage deferrals initially but since then there has been wage cuts. Club have also been making heavy use of furlough scheme. 

[Tord31]

wage deferrals are relating to 2019/20 and still to be paid.

this season is wage cuts of 0%, 10%, 20% or 30% depending on total earnings per staff/player.

[Guest]

Regardless of what some of the deluded, happy clappers say on the Pie & Bovril site, particularly with their disparaging comments about this chat forum, DC's Q & A about turn now confirms that we have a shit show on and off the pitch.

DC is going to have to pull out some sales pitch regarding season ticket renewals and AberDNA funding come the early summer, especially if he thinks that the vocal folk are in the minority.

 

[Donmacca]

Can see most few not renewing season tickets until the club can at least get 50% capacity back through the turnstiles. 

[muttonhumper]

 

12 hours ago, ericblack4boss said:

I see a whats app of an email someone sent to club, 

Nae happy with  colgate  Cormack 

 

 

9 hours ago, Ten Caat said:

You think Hibs would stand a viable chance of getting through the final Europa qualifying round? Bearing in mind the best we have done is the 3rd round,

Have to bear in mind that we had a gutless cunt at the helm for each of those failures.

Huns despite finishing behind us in the league 2 months earlier, cruised through to the group stages and beyond.

Given that their 1st season they failed to make Progres. Have made up for that since.

[RUL]

How can they refuse refunds? 

[ericblack4boss]

Just now, RUL said:

How can they refuse refunds? 

Because despite what they say football clubs don't give a flying fuck about fans

[Dynamo]

9 hours ago, Ten Caat said:

You think Hibs would stand a viable chance of getting through the final Europa qualifying round? Bearing in mind the best we have done is the 3rd round,

It's only worth that amount if they were to get through into the Europa group stages and have crowds in.

Get beat and it's the Conference groups. Money is shite in comparison.....you could make a smallish profit on the prize money after forking out for 3 charter flights and associated costs for away games....but lose all 6 matches without crowds and you are on to a loser. If you have crowds in at normal levels then you could make a decent amount....probably north of a million, £2million if you can win a few games

Conference league will be similar standard of teams to EL just different tournament. Likes of Everton, Lazio, Dortmund as it stands would be in it. Might be a pain in the arse for those clubs but for likes of us and Hibs very much something that would bring in some decent money.