HSL - Target £100,000

[Arch Stanton]

My contributions to HSL :-
1) Provide funds for playing staff
2) Help build a bulwark against a Wallace Mercer type takeover

Some are suggesting that the scheme could be improved by removing the second of those two benefits.

No thanks.

[green day]

We have wealthy Hibs fans on this HSL board and also wealthy Hibs fans who are members of HSL, how can they not collectively invest a little bit of their money to actually make this a successful scheme?

What makes you think they are not doing this already?

[madhatter]

What makes you think they are not doing this already?

Terrible website that is not kept up to date, launching campaigns that honestly are almost top secret (if link hadn't been shared here I wouldn't have seen it), no regular meetings/surgeries, no real communication, 50 second interviews with Charlie Reid asking for more money rather than lengthy video with interviews from all directors on HSL board.

None of the above suggests money being invested to make it successful. If they are, fair enough but I'd like to know where they've spent it because it doesn't look like the best place for it based on what many fans are seeing. Case and point, HSL are probably only known by about 50-60% of fans and even then some of them think it is Ponzi scheme or just know it by name because lack of information.

Those that believed it to be a Ponzi scheme probably spent more money on placards and leaflets that scattered the town...

[My_Wife_Camille]

What makes you think they are not doing this already?
The fact that nobody does or has done publicly makes it a reasonable question to ask at least.

It's basic PR, if you are asking somebody to go out their way to do something and to believe in your cause then the best way to capture their attention and imagination is to lead by example. Something along the lines of "Target £100k, we have got the ball rolling with an initial donation of £X,xxx" would be one example.

There's every chance that the likes of Charlie Reid have donated but the fact that nobody knows for sure is one of the problems with HSL's communications. These people aren't just average members of the public by the way so the argument that they shouldn't have to declare when/what they donate doen't wash with me. If the very people who are in a position of authority (and who also happen to be significantly more wealthy than the average member of the public) aren't willing to donate or be public about the donations that they do make then I don't see how they can realistically expect people to part with their own money.

On that point, I get that that they want to maximise donations going into the club as opposed to spending on other costs but there is is a middle ground between throwing money around and doing nothing at all. I think the comic relief example is a good one.

I'm a regular monthly contributor by the way.

[NYHibby]

What does HSL pay per share? Is it something like 4p? So this campaign is aiming to buy 2.5m shares?

To update this previous post of mine from February:

92.5m shares
HFC Holdings owns 61.4m

"Others" own 33.6% of the club.

As of June 27, there are now 93.75m shares outstanding. On the basis that "others" (HSL and individuals, i.e. fans) are the only ones buying shares, they now own 34.5% of the club. About a one percentage point increase over four months.

Now, if HSL bought 2.5m shares, there would be 96.25 shares. "Others" would then own 36.2% of the club. So a nice increase but nothing material in terms of the ownership of the club.

I'm not sure why some people are borderline outraged at this campaign. While it looks like HSL is looking to triple or quadruple the amount they normally get per month, a one off push for £100,000 isn't a lot of money in the grand scheme of things. If the goal is to reduce HFC Holdings to 49.9%, somebody is going to have to invest money at some point. At the current pace, it is going to take more than five years to reach that goal.

I don't think it is unreasonable for people to try to increase the pace a little, or at least actively try to maintain the current pace. But there also needs to be some realism. Fans aren't going to acquire another 15 percentage points overnight. If you want broad base fan ownership, it was always going to be a waiting game.

Also, isn't HSL's running costs being pay by someone? So contributions by its members are not paying for it's fundraising costs

[lucky]

Another fund or another way of putting money into Hibs is not the answer. Hibs need to be better run. We need to live within our means and find coaching staff & players that can improve us. St Johnstone seem to be able to perform as a top 6 club every year with a fraction of what we spend. Our youth system in recent years has not been overly successful. I know LD is running the club better than RP did but ultimately it's time for Hibs produce a decent premiership team based on funds we've got which is the 5th biggest budget in league

[Geo_1875]

Another fund or another way of putting money into Hibs is not the answer. Hibs need to be better run. We need to live within our means and find coaching staff & players that can improve us. St Johnstone seem to be able to perform as a top 6 club every year with a fraction of what we spend. Our youth system in recent years has not been overly successful. I know LD is running the club better than RP did but ultimately it's time for Hibs produce a decent premiership team based on funds we've got which is the 5th biggest budget in league

Your post would be relevant if we hadn't been in the Championship for 3 years. We won't know how well we are being run until the season starts and we see how we measure up against the premier teams. We did reasonably well against them over the last few years.

[BSEJVT]

My contributions to HSL :-
1) Provide funds for playing staff
2) Help build a bulwark against a Wallace Mercer type takeover

Some are suggesting that the scheme could be improved by removing the second of those two benefits.

No thanks.

I don't see anyone suggesting the removal of the second benefit at all?

Its absolutely crucial that we have that in place

Giving people a choice and looking beyond what happens when the either that bukwark is reached or all the shares are all bought, yes.

I am personally not in favour of majority fan ownership as it drastically reduces our ability to raise either short or long term finance should we need to or decide it prudent to do so.

[Bostonhibby]

I don't see anyone suggesting the removal of the second benefit at all?

Its absolutely crucial that we have that in place

Giving people a choice and looking beyond what happens when the either that bukwark is reached or all the shares are all bought, yes.

I am personally not in favour of majority fan ownership as it drastically reduces our ability to raise either short or long term finance should we need to or decide it prudent to do so.All good points. I've always favoured the meaningful shareholding and may well opt out after I believe HSL and independent shareholders have enough. So I would look at the merits of managers funds or other initiatives then.



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[Keith_M]

I have no insight into the background or situation of those involved in HSL but; is it just possible that they don't have enough time and/or experience to promote this scheme?

Maybe they need more willing and able volunteers to help out?


:dunno:



I'm not an HSL contributor myself but I do think their main objective, of putting money into the club, seems admirable.

[CapitalGreen]

I have no insight into the background or situation of those involved in HSL but; is it just possible that they don't have enough time and/or experience to promote this scheme?

Maybe they need more willing and able volunteers to help out?


:dunno:



I'm not an HSL contributor myself but I do think their main objective, of putting money into the club, seems admirable.

It would seem silly to get involved in a scheme you have no time or experience for, let alone become a Director of said scheme.

[Speedway]

What became of this campaign?

[Valencia]

Anyone know when our latest set of accounts will be available?

[CropleyWasGod]

Anyone know when our latest set of accounts will be available?

HSL's were out recently, if that's what you mean.

Hibs will be out shortly, I expect. The AGM is usually in November.

[DarlingtonHibee]

HSL's were out recently, if that's what you mean.

Hibs will be out shortly, I expect. The AGM is usually in November.

Cwg, crystal ball time, what's your best guess on the numbers?

[CropleyWasGod]

Cwg, crystal ball time, what's your best guess on the numbers?

Hmmm.....

Turnover down; only 1 cup run, no parachute payment, no Hearts or Rangers in the league, offset by larger crowds for other games.

Wages and overheads much the same, although I'd guess that NL was paid more than AS.

Money for the sale of JC.

All in all, similar bottom-line to last year (£187k profit).

Add in the usual disclaimers.:greengrin

[DarlingtonHibee]

Hmmm.....

Turnover down; only 1 cup run, no parachute payment, no Hearts or Rangers in the league, offset by larger crowds for other games.

Wages and overheads much the same, although I'd guess that NL was paid more than AS.

Money for the sale of JC.

All in all, similar bottom-line to last year (£187k profit).

Add in the usual disclaimers.:greengrin

Nice one, bet you're not far off!