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Gerard
20-03-2020, 04:49 PM
To HS can we play any part in assisting our club during this uncertain time?

3pm
20-03-2020, 08:25 PM
I’d be tempted to hand over all the cash to Hibs to help with running costs in this uncertain time. Keep the shares they have and draw a line under it.

Finish on a good news story.

Not a lot of thought from me and not in keeping with the constitution so expect disagreement.

Gerard
20-03-2020, 08:45 PM
IMO at this time we should consider supporting our club with the money raised via HS' members cash donations.

offshorehibby
20-03-2020, 08:50 PM
I thought the last vote on what to do with money still coming in had the bigger percentage still going to Hibs.

jacomo
20-03-2020, 09:49 PM
I’d be tempted to hand over all the cash to Hibs to help with running costs in this uncertain time. Keep the shares they have and draw a line under it.

Finish on a good news story.

Not a lot of thought from me and not in keeping with the constitution so expect disagreement.


It’s a fine suggestion in my view.

Tom Hart RIP
21-03-2020, 09:51 AM
Good idea. Also might be a good idea to advertise more stones on outside of stadium.

CapitalGreen
21-03-2020, 09:57 AM
If possible I’d like to see any HSL money diverted to protecting the wages and jobs of non-playing staff on low incomes during this time.

Fanforlife
21-03-2020, 02:22 PM
If possible I’d like to see any HSL money diverted to protecting the wages and jobs of non-playing staff on low incomes during this time.would be my preference as well m8.👍

Gerard
21-03-2020, 02:36 PM
If possible I’d like to see any HSL money diverted to protecting the wages and jobs of non-playing staff on low incomes during this time.

That is an excellent idea
Gerard

Bostonhibby
21-03-2020, 02:42 PM
If possible I’d like to see any HSL money diverted to protecting the wages and jobs of non-playing staff on low incomes during this time.Yep, definitely where I'd agree to mine's going

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NAE NOOKIE
21-03-2020, 03:36 PM
If possible I’d like to see any HSL money diverted to protecting the wages and jobs of non-playing staff on low incomes during this time.

Me too :agree:

CMurdoch
21-03-2020, 05:47 PM
If possible I’d like to see any HSL money diverted to protecting the wages and jobs of non-playing staff on low incomes during this time.

Great call.

edinburghhibee
22-03-2020, 12:02 PM
If possible I’d like to see any HSL money diverted to protecting the wages and jobs of non-playing staff on low incomes during this time.

Mine too! Can this be sorted KP??


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whiskyhibby
22-03-2020, 12:21 PM
If possible I’d like to see any HSL money diverted to protecting the wages and jobs of non-playing staff on low incomes during this time.


An excellent idea, would have my support

Billy Whizz
22-03-2020, 12:22 PM
An excellent idea, would have my support

Me too

tamig
22-03-2020, 12:36 PM
Can someone retitle the thread as I’m not sure it will be clear to a lot of folk what HS is? This is something worth discussing so deserves a bit more exposure.

marinello59
22-03-2020, 12:41 PM
Can someone retitle the thread as I’m not sure it will be clear to a lot of folk what HS is? This is something worth discussing so deserves a bit more exposure.

Done

Daniel 1875
22-03-2020, 03:26 PM
I'm not sure what the current monthly £ figures are for Hibernian Supporters now, it would be interesting to find out.

Given the exceptional circumstances just now it should be relatively easy for HS to put out a vote to members and move to 100% donation for the months we are without football income rather than the current 50/50 split of share savings and donations to the club.

Easiest way for anyone looking to help the club through these tough times at the moment would be to sign up and start a direct debit, in the knowledge that at least half of your money is going straight to the club.

I do agree it would be wise to divert the 'share funds' to the club, from a certain date (say 1st April) until we are back to normal. Although this would need to be agreed by a majority of members before it could happen.

Just Alf
22-03-2020, 03:34 PM
I'm not sure what the current monthly £ figures are for Hibernian Supporters now, it would be interesting to find out.

Given the exceptional circumstances just now it should be relatively easy for HS to put out a vote to members and move to 100% donation for the months we are without football income rather than the current 50/50 split of share savings and donations to the club.

Easiest way for anyone looking to help the club through these tough times at the moment would be to sign up and start a direct debit, in the knowledge that at least half of your money is going straight to the club.

I do agree it would be wise to divert the 'share funds' to the club, from a certain date (say 1st April) until we are back to normal. Although this would need to be agreed by a majority of members before it could happen.Agree with that.

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Tom Hart RIP
22-03-2020, 03:53 PM
Happy for my donations to go to staff.
I assume Hibs are taking up the government offer to pay 80% of wages which should help with costs.

offshorehibby
22-03-2020, 03:54 PM
I've tried messaging OfficialHSL on here suggesting they look at the thread and get their input but seems their inbox is full. I've also tried contacting them through the HSL website asking to comment on thread.

offshorehibby
22-03-2020, 04:07 PM
I've tried messaging OfficialHSL on here suggesting they look at the thread and get their input but seems their inbox is full. I've also tried contacting them through the HSL website asking to comment on thread.



Maybe not my place to post this but this was reply from Jim.

John
I am already in discussion with Leeann and Ron to let them know we are more than happy to assist.
Watch this space.

Jim

BILLYHIBS
22-03-2020, 04:07 PM
Happy for them to put 100% of my monthly contribution towards running the club during the contagion then again if shares do become available never a better time to buy though I am sure we must have reserves for such an occurrence

007 Mickey Weir
22-03-2020, 05:46 PM
Yes I would be happy for all money to go to support the low income staff keep their jobs.

kaimendhibs
22-03-2020, 06:51 PM
If possible I’d like to see any HSL money diverted to protecting the wages and jobs of non-playing staff on low incomes during this time.[emoji122][emoji122][emoji122]

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Power
22-03-2020, 06:53 PM
Mine too! Can this be sorted KP??


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I’ll help where I can - one for Hibernian Supporters to pick up with members and the club (and vice versa).

I’ll tap in - I’m positive we’ll hear from one or the other in the coming weeks on what opportunities there are for willing supporters to contribute to the club.

Club is in a good space but with no income at the moment we don’t want that position going on too long.


Maybe not my place to post this but this was reply from Jim.

John
I am already in discussion with Leeann and Ron to let them know we are more than happy to assist.
Watch this space.

Jim

Nice one ✅

zitelli62
22-03-2020, 06:57 PM
An excellent idea, would have my support

Got my vote great idea.

edinburghhibee
22-03-2020, 08:45 PM
I’ll help where I can - one for Hibernian Supporters to pick up with members and the club (and vice versa).

I’ll tap in - I’m positive we’ll hear from one or the other in the coming weeks on what opportunities there are for willing supporters to contribute to the club.

Club is in a good space but with no income at the moment we don’t want that position going on too long.



Nice one [emoji736]

Cheers mate thanks for replying


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jacomo
22-03-2020, 09:15 PM
Maybe not my place to post this but this was reply from Jim.

John
I am already in discussion with Leeann and Ron to let them know we are more than happy to assist.
Watch this space.

Jim


:aok:

jingler1954
23-03-2020, 07:18 AM
If Hibernian apply through HMRC for everyone on PAYE to get 80% of there wages, up to £2,500.00 per month, HSL could top up the 20% so no one would be worse off financially. Just a thought.

HibbyDave
26-03-2020, 08:24 AM
JKB poster saying HSL have a notice on companies house to be compulsory struck off.

Possibly wind up.


If not, then what will happen with shareholding?
Sell to club? Sell to individual bidders to bring in yet more cash that can go to the club?

I would buy some shares if available from HSL.

Caversham Green
26-03-2020, 10:03 AM
JKB poster saying HSL have a notice on companies house to be compulsory struck off.

Possibly wind up.


If not, then what will happen with shareholding?
Sell to club? Sell to individual bidders to bring in yet more cash that can go to the club?

I would buy some shares if available from HSL.

It's a Gazette notice to strike off and it looks like it's because the confirmation statement is overdue. I don't think there are any fines but they need to get their fingers out.

The club was also late in submitting its confirmation statement and the accounts still haven't been filed - they're due by the 31st and the club will suffer a small fine if they're late. Is someone at the club (or auditors) not doing their job properly? It's all online filing and not particularly difficult, although the changes in shareholdings need to be included.

OfficialHSL
26-03-2020, 11:32 AM
It's a Gazette notice to strike off and it looks like it's because the confirmation statement is overdue. I don't think there are any fines but they need to get their fingers out.

The club was also late in submitting its confirmation statement and the accounts still haven't been filed - they're due by the 31st and the club will suffer a small fine if they're late. Is someone at the club (or auditors) not doing their job properly? It's all online filing and not particularly difficult, although the changes in shareholdings need to be included.

Caversham Green

This routine submission has now been made. Not going to pretend it has anything to do with the Virus crisis, it was some issues we had with login in codes which then knocked on to be a simple oversight.

We continue to make donations to the Club and intend to give an update shortly.

Hibernian Supporters

Caversham Green
26-03-2020, 02:08 PM
Caversham Green

This routine submission has now been made. Not going to pretend it has anything to do with the Virus crisis, it was some issues we had with login in codes which then knocked on to be a simple oversight.

We continue to make donations to the Club and intend to give an update shortly.

Hibernian Supporters

Good to hear - keep uo the good work.

Edit: Just checked and it's registered online now.

1875STEVE
26-03-2020, 03:50 PM
Caversham Green

This routine submission has now been made. Not going to pretend it has anything to do with the Virus crisis, it was some issues we had with login in codes which then knocked on to be a simple oversight.

We continue to make donations to the Club and intend to give an update shortly.

Hibernian Supporters

Good news, it would be good to find out just how much we have donated now.

Gerard
26-03-2020, 05:02 PM
[QUOTE=1875STEVE;6127792]Good news, it would be good to find out just how much we have donated now.[/QUOTE
Good news

offshorehibby
26-03-2020, 05:38 PM
[QUOTE=1875STEVE;6127792]Good news, it would be good to find out just how much we have donated now.[/QUOTE
Good news

https://hiberniansupporters.co.uk/about-us/

The web site shows a figure of £770K, i don't know how accurate that figure is though, or when last updated.

Billy Whizz
30-03-2020, 04:38 PM
Just got this via Email

Dear Fellow Supporter,

We thought it would be helpful to provide an update on things since our last communication in January.

Tragic world events have overtaken us all and have put everything in perspective. Clearly, like everyone else, our first thoughts are with those who have been directly affected by this dreadful virus.

As you may be aware we have continued to make donations to the Club from 1st October 2019 in accordance with your instructions. In addition to this we have also applied the same % split (65:35) to donations received from the date of the acquisition until 30th September 2019. Your Directors took this decision on the basis that we felt that Supporters had the same knowledge of affairs after the acquisition was announced and therefore had we taken a poll in early July we would have very likely had the same poll result. We are delighted to say that in total we have passed over £90,000 to the Club since the acquisition.

At our next Board Meeting we had intended to consider what to do about funds that we held at 30th June 2019, just before the acquisition. We are very clear that Members and donators had given us funds on the clear understanding that these funds were to be passed to the Club in exchange for shares. This is stated in our Articles and indeed had been consistently reported in all our communications. With this in mind we felt that this was not a decision to be made by your Directors as we cannot at any time invite donations from you indicating we will do one thing with your money only to do something else. We never forget that this is your Company and it benefits from your generous donations.

As previously stated events have moved on and we want to continue to help our Club. With this in mind we would like to suggest that we donate 65% of the funds that we held at 30th June last year to the Club now to help us get through this difficult period. If you agree, this would allow us to immediately transfer a further £16000 to the Club. We would also like to suggest that we shortcut this process by simply pushing ahead unless we receive any material dissenting voices before 5pm on Wednesday of this week. If we receive such objections to this course of action we can of course revert to taking a vote in order to receive clearer instructions. We do hope you find this an acceptable way to proceed but of course as ever await your feedback.

Finally, we can confirm that we will be seeking to significantly increase our help to our Club and will write again shortly.



James Adie
Chairman

surreyhibbie
30-03-2020, 05:00 PM
No arguments from me.

linlithgowhibbie
30-03-2020, 05:05 PM
No arguments from me.

Or me:thumbsup:

Gerard
30-03-2020, 05:06 PM
No arguments from me.

GOOD and important money for our club

Bostonhibby
30-03-2020, 05:07 PM
At this moment in time it's the right thing to do.

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offshorehibby
30-03-2020, 05:09 PM
Yes just read the email and 100% agree:thumbsup:

Monktonhall 7
30-03-2020, 05:09 PM
Same from me. Does this mean that 35% of donations still sit with HSL and are not passed to the Club?

Scorrie
30-03-2020, 05:24 PM
I’ve just got that email and 100% agreement from me. Glad to help the club in any way at this time

Ardenttwo
30-03-2020, 05:29 PM
Me too


And mine

lucky
30-03-2020, 05:35 PM
Happy to hand over the cash but maybe it’s time Ron Gordon sold the shares like STF or even open up more shares to fans to help with any cash flow issues.

superfurryhibby
30-03-2020, 05:49 PM
Happy to hand over the cash but maybe it’s time Ron Gordon sold the shares like STF or even open up more shares to fans to help with any cash flow issues.

On the face of it, this seems very reasonable to me.

Hibs4185
30-03-2020, 06:11 PM
Happy to hand over the cash but maybe it’s time Ron Gordon sold the shares like STF or even open up more shares to fans to help with any cash flow issues.

Maybe a share issue which still left him with a majority holding might work? I’d def buy shares

jacomo
30-03-2020, 08:00 PM
Happy to hand over the cash but maybe it’s time Ron Gordon sold the shares like STF or even open up more shares to fans to help with any cash flow issues.


Ron has around 2/3 of the shares and he is very clear that he does not want to dilute his shareholding at the moment. This is why the original arrangement with HSL ended.

Daniel 1875
30-03-2020, 09:01 PM
Same from me. Does this mean that 35% of donations still sit with HSL and are not passed to the Club?

At the moment 35% of donations are held by HSL each month in order to have reserves available to purchase shares if another share issue takes place

superfurryhibby
30-03-2020, 09:11 PM
Ron has around 2/3 of the shares and he is very clear that he does not want to dilute his shareholding at the moment. This is why the original arrangement with HSL ended.

The world has changed since Little Big Ron bought Hibs. If the club does really start to need the money, I think fair's only fair.

Bostonhibby
30-03-2020, 09:23 PM
The world has changed since Little Big Ron bought Hibs. If the club does really start to need the money, I think fair's only fair.I completely agree with you, but my problem is Hibs is one of the parts of life where the heart rules my head.

I was bitterly disappointed that we couldn't get the meaningful shareholding and was in the sceptical camp generally until the current uncertainty descended, but owners come and go.

The club can have my contributions to give it the best chance of coming through this mess in the best possible shape.

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Monktonhall 7
30-03-2020, 09:24 PM
At the moment 35% of donations are held by HSL each month in order to have reserves available to purchase shares if another share issue takes place

Thanks for that. 👍

NAE NOOKIE
30-03-2020, 11:32 PM
Would be happy if HSL passed every penny they hold to Hibs at this moment in time :aok:

According to the accounts 31% of Hibs is in the hands of HSL and individual shareholders, with Ron Gordon at 67%. If that is enough by now to prevent the club being asset stripped by Ron Gordon or any future owner then I for one would be happy to see HSL turned into a body whose only purpose is to receive donations which are then passed to the club for it's benefit on and off the park and forgetting the share buying aspect altogether.

lucky
31-03-2020, 08:41 AM
Ron Gordon owns the majority shareholding in Hibs as such own the majority of the problems facing Hibs. As fans we are emotionally attached to the club, I’d argue that RG is still on that journey, but we are unprecedented times and as such we need to pull together. HSL was set up to give Hibs fans a share in the future of our club collectively, this was not bought into by as many Hibs fans as was hoped.

But the reality is HSL members have put in around £750k into Hibs. The club was sold and the new owner does want to reduce his shareholding, again this is understandable but things changes. Hibs like all businesses are facing a struggle for survival.

But football clubs are different as we all buy into the club with our hearts not just cash. But if RG wants HSL to help then I don’t think it’s unreasonable to reinstate the same deal that STF had with HSL to get more cash into Hibs. HSL were set up get a shares in Hibs for the fans not as an additional income stream for our multi million pound club owner.

Daniel 1875
31-03-2020, 09:00 AM
Would be happy if HSL passed every penny they hold to Hibs at this moment in time :aok:

According to the accounts 31% of Hibs is in the hands of HSL and individual shareholders, with Ron Gordon at 67%. If that is enough by now to prevent the club being asset stripped by Ron Gordon or any future owner then I for one would be happy to see HSL turned into a body whose only purpose is to receive donations which are then passed to the club for it's benefit on and off the park and forgetting the share buying aspect altogether.

The issue with the nominee shareholder(s), who own roughly 10% of the club, appears to be very few people actually know who they are, which means in the event a big decision was being made that required 75% of shareholders approval, the nominee shareholder(s) couldn’t necessarily be relied upon to vote in the wider interest of the support.

If the person/people who own the rest of the shares fancied cashing in if an approach was made by someone with bad intentions for Hibs then, bluntly speaking, the support would have no real say on the matter as things currently stand.

superfurryhibby
31-03-2020, 10:30 AM
Ron Gordon owns the majority shareholding in Hibs as such own the majority of the problems facing Hibs. As fans we are emotionally attached to the club, I’d argue that RG is still on that journey, but we are unprecedented times and as such we need to pull together. HSL was set up to give Hibs fans a share in the future of our club collectively, this was not bought into by as many Hibs fans as was hoped.

But the reality is HSL members have put in around £750k into Hibs. The club was sold and the new owner does want to reduce his shareholding, again this is understandable but things changes. Hibs like all businesses are facing a struggle for survival.

But football clubs are different as we all buy into the club with our hearts not just cash. But if RG wants HSL to help then I don’t think it’s unreasonable to reinstate the same deal that STF had with HSL to get more cash into Hibs. HSL were set up get a shares in Hibs for the fans not as an additional income stream for our multi million pound club owner.

Totally agree with this. Nothing for nothing in this world, especially now and Hibs are a business not a charity. If the club needs the fans to donate additional money to keep it going, I would say it's very likely they would be backed to the hilt if the investment was translated into a shareholding.

I would ask why fans could be expected to donate money, what would the difference be between asking us to invest and seeking revenues elsewhere, apart from the obvious emotional draw that us supporters feel?

OfficialHSL
31-03-2020, 11:17 AM
At the moment 35% of donations are held by HSL each month in order to have reserves available to purchase shares if another share issue takes place

Daniel

This isn't quite right. This changed in January and we wrote to all our Members at that time to advise them that all donations from that point would be directed to the Club.

All donations being currently received are passed to the Club.

Hibernian Supporters

Daniel 1875
31-03-2020, 11:29 AM
Daniel

This isn't quite right. This changed in January and we wrote to all our Members at that time to advise them that all donations from that point would be directed to the Club.

All donations being currently received are passed to the Club.

Hibernian Supporters

Was this change emailed to all members? The last email I received before yesterday’s update was in November relating to the appointment of a new board member.

Seems like a fairly substantial change after a vote was cast of all members around where funds would be directed at the end of September?

The theme of this thread, suggesting 100% of donations be handed to the club during the shutdown, would also suggest quite a few people are unaware of this change?

Purple & Green
31-03-2020, 11:45 AM
Was this change emailed to all members? The last email I received before yesterday’s update was in November relating to the appointment of a new board member.

Seems like a fairly substantial change after a vote was cast of all members around where funds would be directed at the end of September?

The theme of this thread, suggesting 100% of donations be handed to the club during the shutdown, would also suggest quite a few people are unaware of this change?

25th January


Can I first of all wish all our Members and contributors a very Happy New Year.

As you are aware Hibernian Supporters currently holds 15.3% of the shares in Hibernian. Late last year members elected to have their donations distributed in accordance with their particular wishes. As a result, from 1st October last year 65% of donations received by us have been passed to the Club to be used by the Football Dept. The remaining 35% of donations have been retained in anticipation of buying further shares.

I am now writing to you today to confirm that we have received a letter from the Club regarding the potential purchase of Shares. They have advised that “the Board is content with the balance of share ownership and will not approve the further sale or purchase of shares’’. This means that we are unable to acquire any shares from the Club or existing shareholders. It is important that this information is passed on quickly as we are aware that many Members/donators are contributing on the basis that their money will be used to buy shares. Members who currently donate to us should understand that in future we will be donating all future funds received to the Club for use by the football Dept.

The Club have passed on their thanks for all your generosity to date and have expressed a “desire to continue to work productively and proactively with HSL for the future progress and success of our Club”.

I confirm that we will seek to work with the Club to explore any and all other avenues to see how Hibernian Supporters can continue to financially support the Club.

It's good hibs people running HSL, but this is fundamentally flawed in my opinion. If there are no shares, and there is a still a will to donate money to Hibs, then it should be done through an entirely separate body set up for this purpose.

Daniel 1875
31-03-2020, 11:49 AM
25th January



It's good hibs people running HSL, but this is fundamentally flawed in my opinion. If there are no shares, and there is a still a will to donate money to Hibs, then it should be done through an entirely separate body set up for this purpose.

Thanks for sharing, don’t seem to have received that.

I always thought the share fund was in place in the event a further share issue was announced or for if/when Ron G moves on. Seems remiss to have taken that decision without the chance to challenge/vote on it.

offshorehibby
31-03-2020, 11:53 AM
Email dated 11th October.

Recent Poll
Following the result of the recent poll with our existing donators, funds received from them from 1st October 2019 will be distributed as follows:

- 65% will be passed to the Club for the Football Dept.
- 35% will be retained for future share purchases as and when they become available.

Supporters joining from 1st October onwards will see 100% of their donation going to the Club.

NAE NOOKIE
31-03-2020, 12:56 PM
The issue with the nominee shareholder(s), who own roughly 10% of the club, appears to be very few people actually know who they are, which means in the event a big decision was being made that required 75% of shareholders approval, the nominee shareholder(s) couldn’t necessarily be relied upon to vote in the wider interest of the support.

If the person/people who own the rest of the shares fancied cashing in if an approach was made by someone with bad intentions for Hibs then, bluntly speaking, the support would have no real say on the matter as things currently stand.

Yes indeed, it would be very interesting to find out who these larger shareholders are.

There are 20 entries on the shareholders list shown as either 'investments' or 'nominees' ... they hold 11,857,000 shares. That's not unusual in itself, I would imagine many listed companies have shares owned by such bodies ... but with few exceptions they all have names referring local geography, which suggests at least some of them were only set up to buy Hibs shares ... after all, what normal investment vehicle would be daft enough to buy shares in a Scottish football club expecting a return on them for its anonymous members?

Having said that, there's the concern ... the only way a big return could be possible is if for example the land ER is built on was desired for construction and the owner received an offer he could't or didn't want to, refuse .... that would put anybody owning those 11,857,000 shares in a good position if money is their only concern.

I exempt 'North Castle Street' from this theory who amusingly own 10 shares :greengrin

Bostonhibby
31-03-2020, 01:06 PM
Yes indeed, it would be very interesting to find out who these larger shareholders are.

There are 20 entries on the shareholders list shown as either 'investments' or 'nominees' ... they hold 11,857,000 shares. That's not unusual in itself, I would imagine many listed companies have shares owned by such bodies ... but with few exceptions they all have names referring local geography, which suggests at least some of them were only set up to buy Hibs shares ... after all, what normal investment vehicle would be daft enough to buy shares in a Scottish football club expecting a return on them for its anonymous members?

Having said that, there's the concern ... the only way a big return could be possible is if for example the land ER is built on was desired for construction and the owner received an offer he could't or didn't want to, refuse .... that would put anybody owning those 11,857,000 shares in a good position if money is their only concern.

I exempt 'North Castle Street' from this theory who amusingly own 10 shares :greengrinI know one nominee who is a Hibby through and through who went for nominee route because he didn't want too many to know he was spending even more money on Hibs.

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NAE NOOKIE
31-03-2020, 01:23 PM
I know one nominee who is a Hibby through and through who went for nominee route because he didn't want too many to know he was spending even more money on Hibs.

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I'm sure that's the case with a few of them mate ... but not all 20 I would imagine. There's a few with over a million shares and you don't spend that amount out of sentimentality, or if you did surely you would want folk to know about it.

NAE NOOKIE
31-03-2020, 01:29 PM
25th January



It's good hibs people running HSL, but this is fundamentally flawed in my opinion. If there are no shares, and there is a still a will to donate money to Hibs, then it should be done through an entirely separate body set up for this purpose.

I tend to agree with this ... If buying shares is not possible then perhaps HSL could or should reinvent itself as an AberDNA style scheme ... though they would still have to administer the shares held by HSL which could complicate the issue I presume.

malcolm
31-03-2020, 02:09 PM
25th January



It's good hibs people running HSL, but this is fundamentally flawed in my opinion. If there are no shares, and there is a still a will to donate money to Hibs, then it should be done through an entirely separate body set up for this purpose.

Why is there any need to set up a new body? Seems an utter waste of time and effort when there is something there already that is funnelling donations and is able if need be to switch to buy any future shares that are later available. Indeed has still got some reserves in place for that eventuality.

These folks wanting the major shareholder to effectively suddenly give away his shareholding in return for zilch just because a previous extremely philanthropic major shareholder had done so as part of an exit strategy are utterly unrealistic.

If HSL, as a shareholder, put in funds then it makes a case for the other shareholders to do so in a way that straightforward fan donations don’t but either way without share in exchange to all parties it is still unrealistic. Even more unrealistic is the idea that shares would be made available to HSL alone. So, I’d not be holding my breath for Ron or any of the other secretive shareholders hiding behind nominees putting in any money. A glance at the US and indeed global stock markets might suggest that even Ron’s personally funded line of credit to the club might not be so readily offered.

Keep things simple - you want to support the club and you can, then buy a season ticket or donate via HSL. If you don’t want to either due to non available share being non available or because you don know what you’d be buying then don’t.

LeithMike
31-03-2020, 02:32 PM
These folks wanting the major shareholder to effectively suddenly give away his shareholding in return for zilch just because a previous extremely philanthropic major shareholder had done so as part of an exit strategy are utterly unrealistic.

I'm not aware of anyone asking for the major shareholder to give away his shareholding for zilch but equally it seems strange to ask for HSL (with donors who have far less money) to give away their money for zilch in return. It is reasonable when providing capital to a company that you get something in return - usually shares. If Hibs need money badly they will either borrow or issue further shares. HSL could lend Hibs money with a interest rate to preserve the real value of the loan if Hibs are in need. That loan could always be converted to shares or written off in the future but gives HSL some protection in the shorter term.

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Bostonhibby
31-03-2020, 02:42 PM
Deleted. Replied to wrong post!

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Bostonhibby
31-03-2020, 02:46 PM
I'm sure that's the case with a few of them mate ... but not all 20 I would imagine. There's a few with over a million shares and you don't spend that amount out of sentimentality, or if you did surely you would want folk to know about it.Yes, potentially an issue but the way the shares are currently structured I'm not overly bothered about the various motives of some of the nominees, unless it's Petrie[emoji6]

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malcolm
31-03-2020, 03:06 PM
I'm not aware of anyone asking for the major shareholder to give away his shareholding for zilch but equally it seems strange to ask for HSL (with donors who have far less money) to give away their money for zilch in return. It is reasonable when providing capital to a company that you get something in return - usually shares. If Hibs need money badly they will either borrow or issue further shares. HSL could lend Hibs money with a interest rate to preserve the real value of the loan if Hibs are in need. That loan could always be converted to shares or written off in the future but gives HSL some protection in the shorter term.

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Not all of it but giving away part of it for zilch is exactly what Tom farmer was doing when shares were issued to HSL - the same seems expected/inferred here. Closely related is the thought that because he owns the most shares then RG should be ponying up.

I agree that HSL could in theory offer a Loan but I’d be surprised if they could be able to do so under their rules. Part of me says why would they want it back and the rest of me says why complicate a relatively simple arrangement that currently functions by feeding in donations without strings with a reserve (that they have just offered up in part as emergency funding) that relates to a goal that is no longer attainable under current scenario.

HibbyDave
31-03-2020, 04:12 PM
Just got this via Email

Dear Fellow Supporter,

We thought it would be helpful to provide an update on things since our last communication in January.

Tragic world events have overtaken us all and have put everything in perspective. Clearly, like everyone else, our first thoughts are with those who have been directly affected by this dreadful virus.

As you may be aware we have continued to make donations to the Club from 1st October 2019 in accordance with your instructions. In addition to this we have also applied the same % split (65:35) to donations received from the date of the acquisition until 30th September 2019. Your Directors took this decision on the basis that we felt that Supporters had the same knowledge of affairs after the acquisition was announced and therefore had we taken a poll in early July we would have very likely had the same poll result. We are delighted to say that in total we have passed over £90,000 to the Club since the acquisition.

At our next Board Meeting we had intended to consider what to do about funds that we held at 30th June 2019, just before the acquisition. We are very clear that Members and donators had given us funds on the clear understanding that these funds were to be passed to the Club in exchange for shares. This is stated in our Articles and indeed had been consistently reported in all our communications. With this in mind we felt that this was not a decision to be made by your Directors as we cannot at any time invite donations from you indicating we will do one thing with your money only to do something else. We never forget that this is your Company and it benefits from your generous donations.

As previously stated events have moved on and we want to continue to help our Club. With this in mind we would like to suggest that we donate 65% of the funds that we held at 30th June last year to the Club now to help us get through this difficult period. If you agree, this would allow us to immediately transfer a further £16000 to the Club. We would also like to suggest that we shortcut this process by simply pushing ahead unless we receive any material dissenting voices before 5pm on Wednesday of this week. If we receive such objections to this course of action we can of course revert to taking a vote in order to receive clearer instructions. We do hope you find this an acceptable way to proceed but of course as ever await your feedback.

Finally, we can confirm that we will be seeking to significantly increase our help to our Club and will write again shortly.



James Adie
Chairman



If I read that correctly, HSL had £24k in the cash as at June 2019. This is based on 65% of the funds held then being equal to £16000.

I thought HSL had a lot more funds but will most likely be wrong!
To my mind, give all the remaining funds to the club as £8k would not make any difference to the overall picture.
To be clear, I’ve no idea how much HSL raise or indeed hold in cash just now but I was surprised at the figures.

superfurryhibby
31-03-2020, 06:18 PM
Not all of it but giving away part of it for zilch is exactly what Tom farmer was doing when shares were issued to HSL - the same seems expected/inferred here. Closely related is the thought that because he owns the most shares then RG should be ponying up.

I agree that HSL could in theory offer a Loan but I’d be surprised if they could be able to do so under their rules. Part of me says why would they want it back and the rest of me says why complicate a relatively simple arrangement that currently functions by feeding in donations without strings with a reserve (that they have just offered up in part as emergency funding) that relates to a goal that is no longer attainable under current scenario.

I think what STF did with shares is quite irrelevant to the current situation.

Regardless of how fans donated cash to the club, I would ask why should they see something for their investment. Ron has been in the door for 9 months. Personally speaking he's getting nowt from me. I would expect him to manage his business effectively and hope he has the resources needed to operate comfortably. If he can't do that then the fans will step up to the plate in the same way FOH have done across the other side of the city.

jax67
31-03-2020, 07:03 PM
Happy for them to put 100% of my monthly contribution towards running the club during the contagion then again if shares do become available never a better time to buy though I am sure we must have reserves for such an occurrence

Same here.

malcolm
31-03-2020, 07:08 PM
I think what STF did with shares is quite irrelevant to the current situation.

Regardless of how fans donated cash to the club, I would ask why should they see something for their investment. Ron has been in the door for 9 months. Personally speaking he's getting nowt from me. I would expect him to manage his business effectively and hope he has the resources needed to operate comfortably. If he can't do that then the fans will step up to the plate in the same way FOH have done across the other side of the city.

Yes irrelevant but that does not seemingly stop the expectation that this precedence is repeated. Judging how anyone could run the business at the moment would be a challenging standard to test against but hey ho the whole world has this challenge.

However, once again there is an expectation that RG rather Hibs has the resources to operate comfortably. :confused: RG’s resources are what we ought to consider irrelevant with it being an unexpected bonus if he can help out further. Meantime it seems at least 1000 fans see that Hibs (not RG) may not have resources to operate comfortably in the near future. Many of those may see this being more than the purchase of a ticket but a contribution to a community without the need for a free scarf, share or a free cup ticket that other forms of scheme may offer. :greengrin

1875STEVE
01-04-2020, 01:34 AM
Was this change emailed to all members? The last email I received before yesterday’s update was in November relating to the appointment of a new board member.

Seems like a fairly substantial change after a vote was cast of all members around where funds would be directed at the end of September?

The theme of this thread, suggesting 100% of donations be handed to the club during the shutdown, would also suggest quite a few people are unaware of this change?

i got the email.

ive been saying since then, they need to be screaming it from the rooftops to try and get more fans signed up.

1875STEVE
01-04-2020, 01:37 AM
Daniel

This isn't quite right. This changed in January and we wrote to all our Members at that time to advise them that all donations from that point would be directed to the Club.

All donations being currently received are passed to the Club.

Hibernian Supporters

Jim, how much has been donated now?

Last i seen was £770,000, but it's not been update in a wee while.

BT58
01-04-2020, 04:16 AM
Agree with this 100% anything to help our club survive this horrible time
Well done HSL
B

Gerard
01-04-2020, 02:58 PM
HS is a good means if giving money to help our club survive this crisis and after it us over.
G

Hibbyradge
01-04-2020, 10:24 PM
HS is a good means if giving money to help our club survive this crisis and after it us over.
G

You mean HSL?

Gerard
01-04-2020, 11:19 PM
You mean HSL?

Yes
As I understand it us now known as Hiberian Supporters.

Hibbyradge
01-04-2020, 11:33 PM
Yes
As I understand it us now known as Hiberian Supporters.

Mixed messages then;

Our mailing address is:
Hibernian Supporters Limited
12 Albion Terrace
Edinburgh, Lothian EH7 5QG
United Kingdom

Gerard
02-04-2020, 12:11 AM
Mixed messages then;

Our mailing address is:
Hibernian Supporters Limited
12 Albion Terrace
Edinburgh, Lothian EH7 5QG
United Kingdom

A very good point.
I prefer calling them HSL IMHO.

offshorehibby
02-04-2020, 06:26 AM
Mixed messages then;

Our mailing address is:
Hibernian Supporters Limited
12 Albion Terrace
Edinburgh, Lothian EH7 5QG
United Kingdom


A very good point.
I prefer calling them HSL IMHO.

I think they are still regesterd as HSL but changed to HS Hibernian Supporters in general day to day dealings

3pm
02-04-2020, 05:45 PM
Stephen Dunn steps down.