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HSL

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Radge McRadge
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I think we’ve created a hornets nest here, and I’m not really understanding why - we had a number of fans contributing to the club for no return effectively and we’ve cut off that funding. I tend to agree with @SKII that a premium membership would be best but that’s a very different proposition to supporters part owning the club and whatever the approach is is going to make a large proportion of hsl members unhappy.
 

GORDONSMITH7

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There will be no more new shares issued in my opinion. All very vague. HSL over to you to explain/clarify
BIG G
 

FTJT

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People have got some weird expectations of what HSL should have looked like imo. I agree it could have been better handled, but then, with limited equity built up and no particular disputes over the running of the club, it was always going to be a paper exercise until the day it suddenly had flex.

Hibs were keen, because 1) STF wants at least some level of a backstop in case he were to misjudge a new owner, 2) the board/SMT benefit from the cash, 3) its a good idea, and the people running the club are people who care about it and wish it to be in safe hands.

The loyalty points thing was bad - or at least, the way it was handled was bad - but I've never understood the broader skepticism. Not at all.
 

stairways_second_coming

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The fact is Gunts bastards have raised the game. They will soon be debt free and pumping in 1.3 million a year to the managers kitty, they know they will get nothing in return but there numbers aren't dropping now they are secure.

I know it's not fair we already pay hundreds in merchandise, tickets ect. The simple fact is if we don't rebrand and put in we will be dwarfed by the rodents in player budget in a few years. Ron is a millionaire not billionaire and won't be putting in millions to be lost each year only us daft fanatics will
 

Hattie

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The fact is Gunts bastards have raised the game. They will soon be debt free and pumping in 1.3 million a year to the managers kitty, they know they will get nothing in return but there numbers aren't dropping now they are secure.

I know it's not fair we already pay hundreds in merchandise, tickets ect. The simple fact is if we don't rebrand and put in we will be dwarfed by the rodents in player budget in a few years. Ron is a millionaire not billionaire and won't be putting in millions to be lost each year only us daft fanatics will
They will be paying the investors back with interest for that stand for a while
 

Purple & Green

Radge McRadge
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Foundation of Gunts will own and control the club? Tell you what, no matter how much they are pumping in I think it’s a massive jump to think they could make a decent stab at running the club. Budge and Levein are making an arse of it, and the fans would almost certainly be worse.

The fact is Gunts bastards have raised the game. They will soon be debt free and pumping in 1.3 million a year to the managers kitty, they know they will get nothing in return but there numbers aren't dropping now they are secure.

I know it's not fair we already pay hundreds in merchandise, tickets ect. The simple fact is if we don't rebrand and put in we will be dwarfed by the rodents in player budget in a few years. Ron is a millionaire not billionaire and won't be putting in millions to be lost each year only us daft fanatics will
 

Hattie

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Foundation of Gunts will own and control the club? Tell you what, no matter how much they are pumping in I think it’s a massive jump to think they could make a decent stab at running the club. Budge and Levein are making an arse of it, and the fans would almost certainly be worse.
Im sure i read somewhere Ann Budge stating she would always be in control, not exactly the scenario its painted out to be
 

Desperate Dan

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There will be no more new shares issued in my opinion. All very vague. HSL over to you to explain/clarify
BIG G
So the whole purpose of HSL is now defunct really, it can neither acquire a blocking group of shares or a seat on the board, in fact since this takeover it now has an even smaller % than it did. I dinnae think this has been particularly well handled at all TBH. We have 2 directors of HSL who must have known about this for some time yet have allowed people to continue donating money to HSL for shares it can no longer buy. Surely there's been some sort of conflict of interest here that should never have been allowed tae happen here with directors of the fitba club also being on the board of HSL. As directors of Hibs they were bound by confidentiality but what of their duties towards HSL and it's members? They could surely never carry out both without being on the wrong side of one or the other? I was happy to donate to HSL with the purpose of buying shares to gain a blocking group of shares with the added bonus of the money going to the team on the park. I'm afraid if Ron is looking for money for more infrastructure it winnae be coming from me, I've had enough of infrastructure under Petrie. I won't be puting my hard earned towards increasing the value of somebody else's share holding.
 

EA2007

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Expecting a new owner to allow further shares to be purchased by HS was always a pipe dream.

Interested to see what the suggestion is for allocation of any further cash handouts to the club.
 

Desperate Dan

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Expecting a new owner to allow further shares to be purchased by HS was always a pipe dream.

Interested to see what the suggestion is for allocation of any further cash handouts to the club.
Possibly but expecting the fans tae pony up for mair infrastructure is maybe his pipe dream, cannae see many being up for that, I certainly winnae be.
 

EA2007

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Possibly but expecting the fans tae pony up for mair infrastructure is maybe his pipe dream, cannae see many being up for that, I certainly winnae be.
The message will come in the next few weeks that your HS dough will be ringfenced and go directly to the playing budget. I might write the spiel for them....

Big Ron needs an adviser to make him aware that many won't fall for his fake American patter that serves him well over there.

So far he’s been given a soft introduction in who he has met.

There will still be a selection of clowns bashing their keyboards and willing to say fuk all face to face BUT if he expects the HS cash handouts to continue whilst he directs the McGinn money and his cash injection to a new indoor facility then he’ll eventually get told if he meets the average punter en masse.
 
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Desperate Dan

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The message will come in the next few weeks that your HS dough will be ringfenced and go directly to the playing budget. I might write the spiel for them....

Big Ron needs an adviser to make him aware that many won't fall for his fake American patter that serves him well over there.

So far he’s been given a soft introduction in who he has met.

There will still be a selection of clowns bashing their keyboards and willing to say fuk all face to face BUT if he expects the HS cash handouts to continue whilst he directs the McGinn money and his cash injection to a new indoor facility then he’ll eventually get told if he meets the average punter en masse.
I dinnae doubt that, HSL seems tae have been a hard enough sell when the money was tae be spent on the team while also gaining shares, I see very few if any being sold on investing on further infrastructure without significant on field investment. I'm happy tae continue donating if the money is spent on the park, I'll not be puting in a brass razoo for bricks and mortar at east mains or anywhere else.
 

Sir Shrink

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I dinnae doubt that, HSL seems tae have been a hard enough sell when the money was tae be spent on the team while also gaining shares, I see very few if any being sold on investing on further infrastructure without significant on field investment. I'm happy tae continue donating if the money is spent on the park, I'll not be puting in a brass razoo for bricks and mortar at east mains or anywhere else.
Not an unreasonable stance to take.

I'm happy to help fund players with my donation, but I'm not for paying into a Ronzi Scheme either.
 

OfficialHSL

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Not an unreasonable stance to take.

I'm happy to help fund players with my donation, but I'm not for paying into a Ronzi Scheme either.
Sir Shrink ( and everyone else )
Can I first of all apologise for not being on here over the last week. As you can imagine there has been a lot going on. I hope you don't mind if I repeat a point I made in the "other house".

The purpose of Hibernian Supporters was to help the Club by acquiring as many shares in the Club as possible. We would suspect our Members continue to support this object but of course we could be wrong on that.

In late December 2014 the Club announced the results of a Strategic Review that the Board had undertaken over the preceding months. The Board sought to give supporters the opportunity to acquire shares in the Club and from what we recall authorised the issue of an additional 62,500,000 shares. A consequence of this was that if supporters had bought all of these shares the existing principal shareholder would have it's stake reduced to 49%. Of course around 1% was already in the hands of ordinary supporters. Individual supporters were given the opportunity to buy shares as well as Hibernian Supporters Ltd which was formed around the same time. So from these simple facts it was clear that Hibernian Supporters had no prospect of acquiring more than 50% and in all likelihood a figure well below that was more realistic. Hibernian Supporters was particularly helpful to fans who could not afford a lump sum. The shares were offered to everyone at 4p per share.

The Board of Hibernian Supporters saw this as a very good opportunity to help our Club as well as giving supporters with an interest in fan ownership the opportunity to participate. We stepped forward in response to the offer made by the Club. I think it is fair to say that from there on we set our goal as achieving a meaningful stake and defined this as 25.1% The Club made this an even more attractive idea by committing to directing all of the funds received from us to the football budget.

Can we say to all our fellow Members of Hibernian Supporters well done, congratulations and thank you so much. You did not and have not failed. You knew an offer when you saw one. You were not put off by all the detractors along the way and you have supported your Club with generosity and passion. Oh, and by the way, what have you achieved to date ?

- Four years ago we owned zero shares in the Club and now we own approximately 15.4 %
- You donated almost £800,000 to our Club at a time when our Club needed money
- That money allowed the Club to bring players to the team that would simply not have happened without it. For understandable reasons Leeann will never be able to be specific but that need not matter as football is a team sport after all.

And finally, those players that we helped to bring in delivered us the Scottish Cup on the 21st May 2016

Would we do it all over again, you bet your bottom dollar ( look what I did there )

Jim Adie
 

Purple & Green

Radge McRadge
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HSL have now sent out a second email and they will consult with members.

I have some concerns in relation to the articles of association in terms of how we can pass our money to the club.
 

SKII

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HSL have now sent out a second email and they will consult with members.

I have some concerns in relation to the articles of association in terms of how we can pass our money to the club.
Yes, got the same communication. Looks like they are going to liaise with Sunnyside?
 

Rocky

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Hmm, the implication of the latest email and the piece in EEN by Charlie Reid seems to be that their favoured option is to use funds to buy shares from other shareholders. It does also suggest that we'll have an option to choose where our individual contributions get directed (share purchase / playing budget / infrastructure).

I personally think we need to know more about Ron's intentions before forming a view on the best options for HSL. If he intends to put money into the club on an ongoing basis then I'm quite happy to continue contributions. However if he's not, then I'd want to be sure that any money I put in is being used purely for the revenue budget, not for capital expenditure. Otherwise I feel like I'd be putting money in to increase the value of his investment.

Maybe I'm looking at it the wrong way and in reality the value of his investment will never increase, but I do feel that if there's any chance he will ultimately profit from his ownership of Hibs then he should either be looking to personally match any contribution from HSL, or he should be making shares available to HSL in return for whatever contributions are made.
 

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