Hibs chairman Ron Gordon has said the club have been left under ‘the most severe strain and threat’ due to the enforced shutdown of football.
The Easter Road outfit are currently unable to count on matchday income due to the Covid-19 pandemic, and are one of many clubs worldwide facing an uncertain future.
Across the road, rivals Hearts have implemented wage cuts in a bid to help the club sustain, and several sides have been asking for donations from supporters.
Hibs are by no means exempt from the financial struggles brought about by the situation, but Gordon does say the club are better equipped than most to deal with it.
A statement reads: “Although Hibernian is better positioned than most to weather the storm, we are far from immune. Unfortunately, other clubs are facing similar or even more severe problems.
“The loss of cash in the bank puts our club under the most severe strain and threat. We have already begun making operational adjustments to impact our costs and will be taking further steps over the next week or so to mitigate the effects of the crisis on our club.”
Gordon added that ‘difficult decisions’ will have to be made going forwards, which is something that businesses worldwide are having to take.
With a bit of luck, Hibs will be able to weather the storm and come out the other side without sustaining too much damage and jobs can be protected.
And hopefully, the Hibees will be able to continue their 2019/20 campaign later this year and seal a top-six finish.