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beefy

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Paid in from the start simply because I wanted Hibs to have more money to compete.

Now we have a millionaire taking over from another millionaire got me thinking...WTF am I doing?

Why should I not stop my DDs? I recognised under STF that I needed to help Hibs more cos he simply wouldn't. Now Ron has put dosh in why should I continue? This ain't a dig at STF by the way and I think you ken that?

Why should I continue to give Hibs an extra 20 blabs a month when Ronnie boy is minted to funk?

Just asking? But seriously need an answer to my satisfaction before I stop this revenue pronto.

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Rocky

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I think that question is particularly pertinent now that it's apparently been confirmed at tonight's Q&A that there are no more shares available for HSL to buy unless a new issue is approved. Think it'll be important for some clarity to emerge from HSL / Ron asap.
 

PILTONSTANY

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If it turns into a straight player recruitment fund (Wages,Fees or whatever) then i’d probably donate,only a matter of time until the £1.4m a year the fans of Matalan FC raise starts going on players and we want to compete with that.
 

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Is he better off than STF?

I'll probably continue - at least until HSL let us know what's happening.
 

Sir Shrink

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I stick in my donation simply to help fund better players. I couldn't give much of a one about fan ownership.
Makes no difference to me at all - if I can put in a wee bit extra then I will.

All the pish about HSL money going into STF/Petrie's pockets was made up pish, but sadly it was repeated enough that too many believed it.

I'm with Beefy - paid up to help Hibs.

I'll carry on meantime, and I hope more guys and gals do too - if they can spare a few quid a month.
 

Purple & Green

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If there’s no shares then I think a look at the articles of association is needed - they might have no purpose anymore.
 

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See what comes out of the HSL update this week and as talks progress - I’ll continue with my DD.

Collectively (individuals and HSL) we’re at 33% - that’s a comfort and protection.

Supporter participation is very good and the intent is great. Ron did say he was open to talks on this down the line - a supporter owned club or a club that has supporter ownership but has a majority shareholder. Big challenges (financial liability and decision-making) to being a supporter owned club.
 

Purple & Green

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I’m not going to cancel, but a quick look at the a of a suggests hsl $%#@ gather funds and not use them, and must use them to buy shares (we know there’s none) or securities in the club. I don’t think securities are likely to be forthcoming. I think this is worthy of further discussion on the private forum.
 

Purple & Green

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FWIW im suspecting a premium members scheme pitched at £50-£100 per annum in hsls place. No ownership of club just benefits.

I might pay that but it leaves the hslstrip idea up in the air perhaps.

I’d also pay for a safe standing seat to be installed.
 

Greenmachine

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I'll continue paying into HSL as I know the money will be going to the managers transfer fund. We need all available revenue sources we can get if we are to compete with Aberdeen for players...and we must do that.

Never quite got my head around the whole end game scenario with HSL with regard to fan ownership or whatever. Apparently they have around 20% of the club with individual shareholders having around another 12%. If so that would be enough to prevent any possible shenanigans in the future, not that I think there will be any. . What I do know is that the manager needs the money to put the best team on the park that he can. That's good enough for me.
 

Hibee Kev

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I'd like to have seen HSL reach the 25% shareholding which I believe would allow them a significant say such as to prevent asset-stripping in the future (Ronnie seems a good guy but who knows what the future holds?) It would also help keep any future owners 'honest'. Disappointed if we can't even achieve this. Will see what HSL come out with.
 

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I'll continue paying into HSL as I know the money will be going to the managers transfer fund. We need all available revenue sources we can get if we are to compete with Aberdeen for players...and we must do that.

Never quite got my head around the whole end game scenario with HSL with regard to fan ownership or whatever. Apparently they have around 20% of the club with individual shareholders having around another 12%. If so that would be enough to prevent any possible shenanigans in the future, not that I think there will be any. . What I do know is that the manager needs the money to put the best team on the park that he can. That's good enough for me.
As I understand it HSL has the sole purpose of buying shares in the club. It's in its constitution or whatever, it's not allowed to do anything else. With no shares to buy it's not allowed to hand over the money collected.

I'm sure this could be easily changed but it would need the agreement of its members.

It was by agreement with the former owner that the money went directly to the managers fund. A new agreement would need to be reached with the new owner/club - assuming the HSL members went for this following the change of constitution.

Ron apparently said last night he'd be looking to build a £3/4m indoor facility at EM. Previously this was £1m.

He also suggested he'd be looking for fans to "pony up" whatever that means in its detail.

If it were to include for example HSL contributing to the indoor facility would that be OK for the majority of members?

HSL has a lot of thinking to do!
 

Weehibbydrew

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Collectively (individuals and HSL) we’re at 33% - that’s a comfort and protection.
Is it, though K? My understanding is that HSL have 18% and that there are quite a few nominee holdings, unclear whether they're died in the wool fans or not - happy if someone knows different.
I was desperate for HSL to get to 25%, that's what I've been paying in for. Really unhappy HSL have been sold out. I worry also about who comes after Ron.
 

PILTONSTANY

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As I understand it HSL has the sole purpose of buying shares in the club. It's in its constitution or whatever, it's not allowed to do anything else. With no shares to buy it's not allowed to hand over the money collected.

I'm sure this could be easily changed but it would need the agreement of its members.

It was by agreement with the former owner that the money went directly to the managers fund. A new agreement would need to be reached with the new owner/club - assuming the HSL members went for this following the change of constitution.

Ron apparently said last night he'd be looking to build a £3/4m indoor facility at EM. Previously this was £1m.

He also suggested he'd be looking for fans to "pony up" whatever that means in its detail.

If it were to include for example HSL contributing to the indoor facility would that be OK for the majority of members?

HSL has a lot of thinking to do!
The “Pony up” was said in relation to fans owning 49% of the club,ie if we wanted new players then the 49% would have to pay if the majority owner didn’t want to.
If was part of the discussion on HSL and fan ownership....
 

Jack

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This was put up over the road yesterday so yesterday means today!

OfficialHSL;5839131 said:
As you know I was not at the meeting this evening and I am wondering if you perhaps misheard Ron, as this is not correct.

I understand that following last weeks announcement Ron and his family enjoyed the rest of the week in London following a very busy few weeks leading up to the announcement and that is why we were unable to meet until this week.

We will be writing to our Members tomorrow with a very positive update.

In the meantime could I echo Ron's comments and just ask for a little patience and please allow us just a little time to continue our discussions.


Jim Adie
Let's see what happens. I agree with @Purple & Green a private discussion might be best.
 

Jack

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Do any of our contributors from the USA know of any examples in the States where owners look to the fan base to invest in any way, other than match tickets?
 
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Rocky

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See what comes out of the HSL update this week and as talks progress - I’ll continue with my DD.

Collectively (individuals and HSL) we’re at 33% - that’s a comfort and protection.

Supporter participation is very good and the intent is great. Ron did say he was open to talks on this down the line - a supporter owned club or a club that has supporter ownership but has a majority shareholder. Big challenges (financial liability and decision-making) to being a supporter owned club.
KP Did you get the sense that he intends to put money into the club on an ongoing basis?

I think an ideal scenario would be if new shares got approved for issue at the AGM each year and were available for purchase to all shareholders. Suppose £1.5m worth of shares got issued every year, that would mean that if Ron wanted to maintain his two thirds holding he'd need to buy £1m of them, and if HSL wanted to maintain their 18% (I think that's what it's at at the moment?) they'd need to buy £270,000.

However, if HSL could raise more than £270,000 every year then it would lead to an increase in their (our) percentage holding plus money going into the budget to put a better team on the park. I think that would act as a double incentive for people to contribute, as it's more money for the team and also helps to build towards a meaningful share.

I think a setup like this could work really well as it would allow ownership percentages to flex depending on how much financial support each group / individual puts in the pot. Some years Ron may not want to put anything in, in which case HSL holding builds, other years he might want to chuck £10m(!!) in in which case he dramatically increases his percentage holding.

By the way, I've no interest in becoming majority fan owned, I think it would be a recipe for disaster. However if a setup like this was structured so that over time (eg the next 10 years) that HSL could get up to over 25% then I think that would be an ideal balance where the majority shareholder would retain a majority, but the collective fans group would have a meaningful influence.
 

Power

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KP Did you get the sense that he intends to put money into the club on an ongoing basis?

I think an ideal scenario would be if new shares got approved for issue at the AGM each year and were available for purchase to all shareholders. Suppose £1.5m worth of shares got issued every year, that would mean that if Ron wanted to maintain his two thirds holding he'd need to buy £1m of them, and if HSL wanted to maintain their 18% (I think that's what it's at at the moment?) they'd need to buy £270,000.

However, if HSL could raise more than £270,000 every year then it would lead to an increase in their (our) percentage holding plus money going into the budget to put a better team on the park. I think that would act as a double incentive for people to contribute, as it's more money for the team and also helps to build towards a meaningful share.

I think a setup like this could work really well as it would allow ownership percentages to flex depending on how much financial support each group / individual puts in the pot. Some years Ron may not want to put anything in, in which case HSL holding builds, other years he might want to chuck £10m(!!) in in which case he dramatically increases his percentage holding.

By the way, I've no interest in becoming majority fan owned, I think it would be a recipe for disaster. However if a setup like this was structured so that over time (eg the next 10 years) that HSL could get up to over 25% then I think that would be an ideal balance where the majority shareholder would retain a majority, but the collective fans group would have a meaningful influence.
He’s open to conversation which is a good thing.

There was sound rationale given that shares were being bought at a low price, diluting shares and not putting in much capital.

HSL and club update will give us an insight into what direction of travel we’re taking and move from there.
 

beefy

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This is from the HSL website. Dunno when it was last updated but it's been there for a while, so hoping with the name on shirt scheme, that more people have joined then surely they must be near the first objective at least

Our Goal

We now own 18.81% of the Club. Our goal is to achieve at least 25.1% ownership.

● 20% stake – we can elect a Board member to Hibernian Football Club
● 25.1% stake – we have a meaningful vote on all major Club issues


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beefy

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According to the website there is only 2,409 members. We have donated £770,000 so far.

I'm shocked that membership is so low. I really didn't think it was that bad.

Seems like Hibs fans really do not like or want anything to do it

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