The relegation of Hibernian from the Scottish Premier League is a big blow for fans, but the financial consequences may not be that serious. Next year three of the five best supported teams in Scottish football will be play in the Scottish Championship: the two Edinburgh clubs, Hearts and Hibs, and Rangers.
The relegation of Hibernian from the Scottish Premier League is a big blow for fans, but the financial consequences may not be that serious. Next year three of the five best supported teams in Scottish football will be play in the Scottish Championship: the two Edinburgh clubs, Hearts and Hibs, and Rangers.
Ticket sales have always been the main source of revenue for the Easter Road side and the club has always been run on a tight ship on a turnover of £8m. Moreover, the parachute payment for relegated clubs has been increased to £1m. That is a fraction of what clubs get in the English Championship, but given that the fall in revenue following relegation is estimated at £1m, it is a real help.