Hibernian have reported a loss for the second year running as the club published its annual accounts.
The Edinburgh club did manage to cut staff costs but recorded a £900,000 loss before tax, the same level as the previous year.
Hibs now have a net debt of £6.4m, an increase of £500,000 from 2011.
The club reported turnover of £6.9m, down slightly, but slashed wages by £700,000, giving Hibs a wages to turnover ratio of 60%......
http://sport.stv.tv/football/201603-poor-performances-blamed-as-hibs-announce-increase-of-debt-to-64m/