Potential takeover/new investor?

[Jones28]

After 4 threads of laughing at us for this prospective investment over on kickback, I have a feeling they may begin to change their tune..

'McKinley believes this kind of investment may be the way forward for us too. He’s going to investigate to ensure we are not left behind - source AGM'

I love that .

"Ah widney want that for us, blah blah blah"

"Oh wait, someones waving money at us?"..

[JohnM1875]

There’s no danger they would get the 90% support from the FOH members for it to materialise. Their ownership model potentially makes investment like this very difficult.

If Foley investment means we win a Scottish Cup in a year or two then they’d sell their granny for any kind of investment.

[Pedantic_Hibee]

After 4 threads of laughing at us for this prospective investment over on kickback, I have a feeling they may begin to change their tune..

'McKinley believes this kind of investment may be the way forward for us too. He’s going to investigate to ensure we are not left behind - source AGM'

They are absolutely bricking it over there. All four pages of that thread are testament to that, it’s absolutely ripping out of them.

[Bostonhibby]

I think you are if you currently own a Russian hat if I'm following this correctly.Think they were actually Cossack hats, they couldn't even get that right

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[GloryGlory]

There’s no danger they would get the 90% support from the FOH members for it to materialise. Their ownership model potentially makes investment like this very difficult.

Generally a potential investor could see dealing with a large number of small shareholdings as a big negative and less than ideal, preferring to deal with a few larger shareholders.

[CentreForward]

Wow really? :wink:


Yes and apparently it’s giving Hearts fans bad memories!

[Haymaker]

One of the things that is putting me off is this whole black knights thing. Sounds like one of those staunch Rangers supporters groups.

Foley graduated West Point, whose sports teams are The Black Knights.

Randomly he served in the Air Force upon his graduation.

[Corstorphine Hibby]

After 4 threads of laughing at us for this prospective investment over on kickback, I have a feeling they may begin to change their tune..

'McKinley believes this kind of investment may be the way forward for us too. He’s going to investigate to ensure we are not left behind - source AGM'

I never cease to be amazed about how incredibly desperate they are to always be better/bigger/richer than us?
Potentially, there are going to be a few sleepless nights ahead for a few of them.

[JohnM1875]

I never cease to be amazed about how incredibly desperate they are to always be better/bigger/richer than us?
Potentially, there are going to be a few sleepless nights ahead for a few of them.

Totally. I think that 5-1 patter is about to surge again. It’ll literally be all they have.

[CapitalGreen]

After 4 threads of laughing at us for this prospective investment over on kickback, I have a feeling they may begin to change their tune..

'McKinley believes this kind of investment may be the way forward for us too. He’s going to investigate to ensure we are not left behind - source AGM'

Considering McKinley is Chair of the SFA board who are overseeing our application for Foley to invest and will likely have been privy to more details than us, his positivity about it is reassuring.

The fact he says it’s something they may need to explore suggests it could be something of a gamechanger for us.

[Paulie Walnuts]

So has anyone been speaking to Ben in the pub yet?

I often see him around my bit and have regularly seen him in the bar/restaurant of an establishment near me, might have to hang about and wait for him. If he’s not in celebrating then we may have hit a hitch.

[NAE NOOKIE]

Popped over to sickbag for a look :greengrin

It's nice to know we are still "vermin"

But that aside, a lot of the posters making a big deal of their fan ownership model. So it's a simple question: How many fan owned clubs in the UK have been an on field success?

The vast majority of clubs are owned as Hibs are just now and the part of a group model is growing to be the norm all the time. That might not be ideal, but it's the way football is and will continue to be, because cash trumps sentiment all the time.

And of course, the Elephant in the windowless Tynecastle room is £5,000,000 a year pumped in by a single individual, without which their accounts would be a car crash every year. Take away that money and that gives you a realistic and lets face it scary look at what the reality of being 'fan owned' might be for Hearts in the future.

Our future might be uncertain if this goes through ... but so is theirs and if they can't see it they have learned nothing.

[bingo70]

Considering McKinley is Chair of the SFA board who are overseeing our application for Foley to invest and will likely have been privy to more details than us, his positivity about it is reassuring.

The fact he says it’s something they may need to explore suggests it could be something of a gamechanger for us.

I’d also suggest if they are at the stage of starting to think about it possibly being a good idea, with all the hurdles they’d have to overcome after finding a buyer, any investment would be a good while off. If we can get a year or two head start on them then that could be hugely beneficial too.

[Pedantic_Hibee]

If fan owned means having absolutely no say whatsoever in how your club is run and absolutely no say in how your donations are spent then I’m glad we are not fan owned.

[Aldo]

If Foley investment means we win a Scottish Cup in a year or two then they’d sell their granny for any kind of investment.

Again I hear you say.

Sooks over there and many others are advocating the need for the 90% to protect what they have.

Let’s see what happens when it’s all announced and a strategy put into motion.

For you guys looking in it’s great being fan owned with a 20k plus stadium with room to expand and your very own training facilities ah no wait you don’t but you do have a super duper one of its kind with beds as big as the pitch hotel.

[jeffers]

I love these pearls of wisdom from one of the deluded:

‘they certainly won’t be seeing 10-15m per annum investment imo.

if they do, and it’s successful. Then it may be a path we need to follow.”

I don’t even know where to begin with that one.

[HUTCHYHIBBY]

Just spotted a plane with banner flying round ER and all it says on it is 5pm.

Which wing is the sun reflecting off of? 🤔

[Lee Marvin]

Popped over to sickbag for a look :greengrin

It's nice to know we are still "vermin"

But that aside, a lot of the posters making a big deal of their fan ownership model. So it's a simple question: How many fan owned clubs in the UK have been an on field success?

The vast majority of clubs are owned as Hibs are just now and the part of a group model is growing to be the norm all the time. That might not be ideal, but it's the way football is and will continue to be, because cash trumps sentiment all the time.

And of course, the Elephant in the windowless Tynecastle room is £5,000,000 a year pumped in by a single individual, without which their accounts would be a car crash every year. Take away that money and that gives you a realistic and lets face it scary look at what the reality of being 'fan owned' might be for Hearts in the future.

Our future might be uncertain if this goes through ... but so is theirs and if they can't see it they have learned nothing.

One of the big advantages they had had over us in the last few years is the £1.4m being gifted to the club each year by the fans. This, whilst derived from the necessity to save the club, has been impressive.

However, these donations will get smaller and smaller with every passing year as the real value will be eroded by inflation over time.

Once Anderson gets bored (which wont be too far away) and their FOH donations become less significant, they could find themselves in a right old pickle without outside investment.

[SteveHFC]

Can't wait to go on the pitch with my fellow fans singing Bill Foley and asking him if I can shake his hand.

:tee hee:

[GreenCastle]

Another thing to consider is the development of East Mains.

Hearts still sharing / paying for uni facilities etc.

Every big private club has own facilities.

Hibs are planning to build another 3G with small stand for exclusive academy use and wanting an indoor full size pitch at East Mains. They will then keep the other current 3g for community use etc.

Infrastructure like will just be as important as what happens on the pitch for any future investors / players coming to club.

[Crunchie]

Another thing to consider is the development of East Mains.

Hearts still sharing / paying for uni facilities etc.

Every big private club has own facilities.

Hibs are planning to build another 3G with small stand for exclusive academy use and wanting an indoor full size pitch at East Mains. They will then keep the other current 3g for community use etc.

Infrastructure like will just be as important as what happens on the pitch for any future investors / players coming to club.
We could rent the old one out to our neighbours :greengrin

[GloryGlory]

We could rent the old one out to our neighbours :greengrin

Cost too much to fumigate EM after they've used it. :jamboak:

[Greencore]

If foley ends up being a crook and runs away to back to America to be a taxi driver we could always get a big cash cow.

[Hibby Kay-Yay]

If foley ends up being a crook and runs away to back to America to be a taxi driver we could always get a big cash cow.

Aye but it’ll be a Kobe/Wagyu Cash Cow

[The Spaceman]

Another thing to consider is the development of East Mains.

Hearts still sharing / paying for uni facilities etc.

Every big private club has own facilities.

Hibs are planning to build another 3G with small stand for exclusive academy use and wanting an indoor full size pitch at East Mains. They will then keep the other current 3g for community use etc.

Infrastructure like will just be as important as what happens on the pitch for any future investors / players coming to club.

Humongous land value rises, build cost inflation and high finance costs at the moment will make such a project horrendously expensive for them/unfeasible/they couldn't have picked a worse point if they are to go and develop a training centre from scratch. But at the same time, the Oriam is struggling a bit now and the rent will be going up as the owner hedges inflationary pressures, so they might find themselves in a very sticky position very soon.

Hibs on the other hand got in at a very good point in time to build both East Mains and our East Stand - we have security over all of our infrastructure (which is largely state-of-the-art for our league).

Our investment from the Black Knights will well and truly propel us above them given how sound all of the infrastructure and commercial offerings are these days. We are incredibly marketable (significantly more than Hearts and a bit more than Aberdeen) and the Black Knights selection of us shows this in black and white. Heart's fan ownership model makes them utterly uninvestable, so they have either got to survive longer than A) most of elite world football who have heavy cash investment externally or B) when their benefactor gets bored and decides to stop plugging up the horrendous losses in their accounts next year. - think I know which one would happen first ;).

[Sergio sledge]

Very difficult with their ownership structure.

Ann Budge will be looking to get rid of her shareholding at some point so that's a potential route for them to do the same as us and get a minority investment from somewhere without affecting FOH. I guess it would depend on whether the potential investors were happy with FOH's level of control and no future prospect of full ownership.

[Baader]

Popped over to sickbag for a look :greengrin

It's nice to know we are still "vermin"

But that aside, a lot of the posters making a big deal of their fan ownership model. So it's a simple question: How many fan owned clubs in the UK have been an on field success?

The vast majority of clubs are owned as Hibs are just now and the part of a group model is growing to be the norm all the time. That might not be ideal, but it's the way football is and will continue to be, because cash trumps sentiment all the time.

And of course, the Elephant in the windowless Tynecastle room is £5,000,000 a year pumped in by a single individual, without which their accounts would be a car crash every year. Take away that money and that gives you a realistic and lets face it scary look at what the reality of being 'fan owned' might be for Hearts in the future.

Our future might be uncertain if this goes through ... but so is theirs and if they can't see it they have learned nothing.

Ah the old Jambo banter that most normal folk associate more with Nazi Germany in WW2...

Jambos as usual kidding themselves on. Ownership like what Hibs have is the norm. They had it up until very recently and they are only fan owned because they were happy to be bought by a conman crook currently a fugitive facing trail in Lithuania. To make out our situation is something out of the ordinary is nonsense. Almost every football club is at the mercy of its owners and they were no different throughout almost all their history.

As much as they may bang out about fan ownership it really hasn't delivered them much at all on the field and that's with added money coming in from a benefactor. If it means barren runs and seeing other non OF clubs here win trophies that lot will be moaning about the current model and wanting shot of it before you can say "big club"...

[1two]

When’s the decision from SPFL likely?

[Orchard_Hibs]

We are not getting any news today are we?

[Crunchie]

We are not getting any news today are we?
Yes, look out for the Scottish news at 6pm

[CapitalGreen]

We are not getting any news today are we?

8 minutes

[Aldo]

Ann Budge will be looking to get rid of her shareholding at some point so that's a potential route for them to do the same as us and get a minority investment from somewhere without affecting FOH. I guess it would depend on whether the potential investors were happy with FOH's level of control and no future prospect of full ownership.

But as those well in the know jambos over the road have pointed out, any investment similar to ours needs 90% approval of the FOH. (Ie shares are involved)

They are adamant that this safeguard is protecting them and their long term future.

[Hibernian Verse]

Patrick McPartlin will know first. Hopefully something on HibsObserver overnight.

[JohnM1875]

Hibernian FC can confirm that the Club met with the Scottish FA Board on Thursday 14 December, 2023 to discuss a minority investment proposal.

The positive meeting saw Ian Gordon and Ben Kensell outline the proposal and discuss the benefits for Hibs and Scottish football moving forward.

The Club looks forward to the next stage of the process, which is submitting a formal request for the approval of dual interest dispensation against article 13.

There will be no further comment at this time.

[BoomtownHibees]

Hibernian FC can confirm that the Club met with the Scottish FA Board on Thursday 14 December, 2023 to discuss a minority investment proposal.

The positive meeting saw Ian Gordon and Ben Kensell outline the proposal and discuss the benefits for Hibs and Scottish football moving forward.

The Club looks forward to the next stage of the process, which is submitting a formal request for the approval of dual interest dispensation against article 13.

There will be no further comment at this time.

[Not In The Know]

****s sake!!!

watch this space it will be dragged out so we miss the Jan window.

[JohnM1875]

****s sake!!!

watch this space it will be dragged out so we miss the Jan window.

Aw almost definitely.

[HoboHarry]

Well that was a whole lot of nothing news lol.

[Ozyhibby]

Hibernian FC can confirm that the Club met with the Scottish FA Board on Thursday 14 December, 2023 to discuss a minority investment proposal.

The positive meeting saw Ian Gordon and Ben Kensell outline the proposal and discuss the benefits for Hibs and Scottish football moving forward.

The Club looks forward to the next stage of the process, which is submitting a formal request for the approval of dual interest dispensation against article 13.

There will be no further comment at this time.

Well that’s a bit rubbish. I was looking forward to some immediate transfer speculation with confirmation of our new £30m playing budget.[emoji35]


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[Stanton Spence]

Meetings to arrange meetings boo

[GordonHFC]

Would imagine that request to the SFA will be made in writing very soon.

[GreenNWhiteArmy]

I thought we'd already presented our case and today was the SFA reviewing that?

Hopefully not a lengthy process this...

[Hibbyradge]

"Positive meeting".

[GreenCastle]

https://www.scottishfa.co.uk/media/1819/articles-of-association.pdf

Article 13 here

So are they saying the need to get the dispensation to get full green light.

So today was a tick box to check before they send it?

Wonder what the time frame will be?

Scottish football need all the money it can get - surely they aren't going to vote against something that improves the game (well unless it challenges the Old Firm monopoly...)

Hopefully no one is on the Plaza kicking their Russian hats...

[Trinity Hibee]

Trying to win the statement league are we?

[superfurryhibby]

The very interesting part is that the share agreement expressly prohibited any one individual from buying more than £125,000 worth of shares in the club. It’s one of the main reasons Hibernian Supporters Limited was set up and it’s under those terms Hibernian Supporters Limited subscribed to the share agreement.

What we know now is that the terms of the agreement were ignored not once, when Bydand Sports were allowed to purchase the unallocated shares as part of their takeover, but twice as it’s now public knowledge than an individual shareholder was allowed to purchase more than £125,000 of shares in the club.

A cynic would suggest the club and the individual knew that it was against the terms of share agreement at the time which explains why they were neatly divided into £125,000 piles on the share register for all these years.




Think you should be a bit careful about throwing stuff like this around when you also generally post on behalf of HSL.

Share offers particularly for private companies are complex and you’d need to look a lot more deeply into the terms and how and when these were acquired.

The individual is in the Community Foundation Hall of Fame. He’s a Hibs fan and a supportive one at that. Suggesting wrongdoing isn’t right.


Share offers which generated investment by thousands of ordinary fans, totalling more than 20% of the total club between individual shareholders and HSL is surely very much open to scrutiny and not comparable to the dealings that go on in other businesses. That represents a decent slice of fan cash.

I would be interested to know when our mystery man acquired his shares. In the interests of transparency, where's the harm?

[Vault Boy]

Mon the bureaucracy!

[O'Rourke3]

Trying to win the statement league are we?

We are miles behind both cheeks and our close neighbours. That may be changing of course....

[Lancs Harp]

Trying to win the statement league are we?

Cant compete with rangers on that front mate.

[CropleyWasGod]

"Positive meeting".

It means we got out of there without a suspension.

[TrinityHFC]

Share offers which generated investment by thousands of ordinary fans, totalling more than 20% of the total club between individual shareholders and HSL is surely very much open to scrutiny and not comparable to the dealings that go on in other businesses. That represents a decent slice of fan cash.

I would be interested to know when our mystery man acquired his shares. In the interests of transparency, where's the harm?
The harm is suggesting something untoward has happened. A bit odd when it has essentially been a very big donation to club funds.

The critical post also said that the Gordon takeover was against the terms of the offer. Totally different things. Gordon wasn’t taking part in that offer, he was making a separate offer for the whole of the owner’s shares.

So, accuracy doesn’t seem to matter too much when talking about this.

If anyone has the actual T&Cs of the initial offer then the one that followed it up with a simpler process I’d be happy to take a look.

[Hibby Kay-Yay]

It means we got out of there without a suspension.

Penalty Rangers

[GloryGlory]

The harm is suggesting something untoward has happened. A bit odd when it has essentially been a very big donation to club funds.

The critical post also said that the Gordon takeover was against the terms of the offer. Totally different things. Gordon wasn’t taking part in that offer, he was making a separate offer for the whole of the owner’s shares.

So, accuracy doesn’t seem to matter too much when talking about this.

If anyone has the actual T&Cs of the initial offer then the one that followed it up with a simpler process I’d be happy to take a look.

ISTR the share offer was considerably undersubscribed, so no-one who actually wanted to buy some shares lost out.

[Lago]

Well that was a whole lot of nothing news lol.
You've got to love Scottish football, if only for it's bureaucracy.

[Iain G]

Who wants to be fan owned? Not me!

[Daniel 1875]

The harm is suggesting something untoward has happened. A bit odd when it has essentially been a very big donation to club funds.

The critical post also said that the Gordon takeover was against the terms of the offer. Totally different things. Gordon wasn’t taking part in that offer, he was making a separate offer for the whole of the owner’s shares.

So, accuracy doesn’t seem to matter too much when talking about this.

If anyone has the actual T&Cs of the initial offer then the one that followed it up with a simpler process I’d be happy to take a look.

No issue with the big donation to the club, it was incredibly generous. But if shares were acquired in the share issue worth more than £125,000 by one individual, that expressly went against the terms of the subscription agreement. Why did the club bother including that detail as part of the share agreement if it could be so easily ignored?

On your second point re the Bydand takeover, that is true if Bydand Sports only acquired the shares held by HFC Holdings at the time. They didn’t, they also acquired the unallocated new shares which had been issued by the HFC board in the same way as all shares under the subscription agreement between HFC and HSL had been acquired up until that point. That’s how Hibernian Supporters Limited were diluted from owning 20% of the club to the 15.4% we’ve been on since the summer of 2019.

[Onceinawhile]

So we're still not Stanley cup champions?

Boooooo

[superfurryhibby]

The harm is suggesting something untoward has happened. A bit odd when it has essentially been a very big donation to club funds.

The critical post also said that the Gordon takeover was against the terms of the offer. Totally different things. Gordon wasn’t taking part in that offer, he was making a separate offer for the whole of the owner’s shares.

So, accuracy doesn’t seem to matter too much when talking about this.

If anyone has the actual T&Cs of the initial offer then the one that followed it up with a simpler process I’d be happy to take a look.

Must admit, I didn't understand the reference to the Gordon's buyout.

I think people can separate Robb's buying of a stake from what seems to be a lack of transparency from our previous board with regard to limitations placed on individuals and share purchase. I don't think anyone has mentioned wrongdoing on the part of our former mystery 10% man? As you say, it seems like an act of generosity and benevolence toward the club.

It's a separate issue, but I didn't like the dilution of HSL/small shareholdings stake in the club when we were sold.

[Aldo]

Who wants to be fan owned? Not me!

Aye but what about a hotel

[Hibbyradge]

So we're still not Stanley cup champions?

Boooooo

Patience, Grasshopper.

[Hibs4185]

No issue with the big donation to the club, it was incredibly generous. But if shares were acquired in the share issue worth more than £125,000 by one individual, that expressly went against the terms of the subscription agreement. Why did the club bother including that detail as part of the share agreement if it could be so easily ignored?

On your second point re the Bydand takeover, that is true if Bydand Sports only acquired the shares held by HFC Holdings at the time. They didn’t, they also acquired the unallocated new shares which had been issued by the HFC board in the same way as all shares under the subscription agreement between HFC and HSL had been acquired up until that point. That’s how Hibernian Supporters Limited were diluted from owning 20% of the club to the 15.4% we’ve been on since the summer of 2019.

I agree it’s a bit of a stinker but the shares weren’t acquired by one individual, they were acquired by companies, albeit the companies or nominee holdings belonged to the same guy but for this purpose it wasn’t an Individial that bought the shares.

[Scottie]

It means we got out of there without a suspension.
Or a points deduction

[HoboHarry]

I've gone from excited anticipation through to disappointment at the non-announcement to losing the will to live reading about share issues and which scoundrel lied or cheated (delete as appropriate).

[Daniel 1875]

I've gone from excited anticipation through to disappointment at the non-announcement to losing the will to live reading about share issues and which scoundrel lied or cheated (delete as appropriate).

I’ll bow out and allow the thread to get back to its intended topic about the here and now.

[Aldo]

I've gone from excited anticipation through to disappointment at the non-announcement to losing the will to live reading about share issues and which scoundrel lied or cheated (delete as appropriate).

I think without knowing exactly what has happened it’s wrong to label someone a liar or a cheat!

[Kato]

But as those well in the know jambos over the road have pointed out, any investment similar to ours needs 90% approval of the FOH. (Ie shares are involved)

They are adamant that this safeguard is protecting them and their long term future.DOH!

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[Iain G]

Aye but what about a hotel

It's just a Ponzi scheme.

[Aldo]

It's just a Ponzi scheme.

[emoji102]🫣

[TrinityHFC]

No issue with the big donation to the club, it was incredibly generous. But if shares were acquired in the share issue worth more than £125,000 by one individual, that expressly went against the terms of the subscription agreement. Why did the club bother including that detail as part of the share agreement if it could be so easily ignored?

On your second point re the Bydand takeover, that is true if Bydand Sports only acquired the shares held by HFC Holdings at the time. They didn’t, they also acquired the unallocated new shares which had been issued by the HFC board in the same way as all shares under the subscription agreement between HFC and HSL had been acquired up until that point. That’s how Hibernian Supporters Limited were diluted from owning 20% of the club to the 15.4% we’ve been on since the summer of 2019.
Do you have a copy or the exact wording from the documentation at the time? We could then take a view if it’s allowed or not.

You are still confusing the specific offer process to a purchase of all the available shares. Companies Act and Takeover rules apply to that, not the terms of the offer to fans.

If you are looking at documentation you may also think about what HSL currently say on their website about the three key principles. The third one says all funds are intended for Hibs. That’s not the case anymore. Future purchases would need to be from shareholders with the money going to them, not Hibs. It was only due to Sir Tom being happy to dilute his ownership by issuing new shares that made that possible.

[Iain G]

Do you have a copy or the exact wording from the documentation at the time? We could then take a view if it’s allowed or not.

You are still confusing the specific offer process to a purchase of all the available shares. Companies Act and Takeover rules apply to that, not the terms of the offer to fans.

If you are looking at documentation you may also think about what HSL currently say on their website about the three key principles. The third one says all funds are intended for Hibs. That’s not the case anymore. Future purchases would need to be from shareholders with the money going to them, not Hibs. It was only due to Sir Tom being happy to dilute his ownership by issuing new shares that made that possible.


Is any of it relevent or does it even matter in the current context? Multi billionaire wants to invest in the club in a minority stake, what is not to like?

[Hibs90]

So what is the Hibs statement essentially saying?

You mean an SFA board chaired by Hearts chairman gets a vote on whether his rivals get significant money or not?

[CapitalGreen]

No issue with the big donation to the club, it was incredibly generous. But if shares were acquired in the share issue worth more than £125,000 by one individual, that expressly went against the terms of the subscription agreement. Why did the club bother including that detail as part of the share agreement if it could be so easily ignored?

On your second point re the Bydand takeover, that is true if Bydand Sports only acquired the shares held by HFC Holdings at the time. They didn’t, they also acquired the unallocated new shares which had been issued by the HFC board in the same way as all shares under the subscription agreement between HFC and HSL had been acquired up until that point. That’s how Hibernian Supporters Limited were diluted from owning 20% of the club to the 15.4% we’ve been on since the summer of 2019.

It might be worth directing some questions to the former HSL director who was an employee of the club involved in drawing up the terms of the share issue, was a director of HSL through 2018-2019 when the club was in negotiations with RG and knew fully well about the impending dilution of HSL’s shares that would occur as part of RG’s takeover.

[CapitalGreen]

So what is the Hibs statement essentially saying?

You mean an SFA board chaired by Hearts chairman gets a vote on whether his rivals get significant money or not?

Reading between the lines, we’ve been given the go ahead and now just need to submit a formal request in writing.

[DH1875]

So what is the Hibs statement essentially saying?

You mean an SFA board chaired by Hearts chairman gets a vote on whether his rivals get significant money or not?

And by others who won't want the oldfirm monopoly to end. Could genuinely see us not getting the go ahead.

[GloryGlory]

Reading between the lines, we’ve been given the go ahead and now just need to submit a formal request in writing.

That's where I think things are, too. We met today to put forward the deal's outline framework and the SFA decide if it's in line with their regulations and ask for it to be formally presented in full, including any waivers/guarantees/more detailed info that they'd like to see.

[WhileTheChief..]

Is any of it relevent or does it even matter in the current context? Multi billionaire wants to invest in the club in a minority stake, what is not to like?

Multi-billionaire wants to know exactly what he's buying, and from whom?

For example, is it, say, 20% of the shares owned by the Gordons' OR 20% of those plus 20% of all other the shares with the exception of those held by HSL that they want to buy?

Would the Black Knights want to buy HSL's shares? Would HSL be willing to sell? All of them or the 20%?

Will HSL have any say in this at all and could it dilute their shareholding further?

I've only used 20% as example, I guess it could be any figure, but the questions are still valid I think.

[Aldo]

And by others who won't want the oldfirm monopoly to end. Could genuinely see us not getting the go ahead.

You are over thinking this.
It’s the process unfortunately. I would suggest the precedence has already been set with the Celtic chairman having a stake in another club.

I’m comfortable that it’ll get the rubber stamp required etc as I would suspect that they’d have to come up with a very good reason not to.

It’s investment not a takeover

[BSEJVT]

[QUOTE=Iain G;7527817]Is any of it relevent or does it even matter in the current context? Multi billionaire wants to invest in the club in a minority stake, what is not to like?[/QUOTE

It always matters because right is right and wrong is wrong and folk are casting uninformed aspirations over something and someone they know nothing of.

Given that the purchaser had a senior role in a huge company in one of the tightest regulated environments there is, I am 100% certain that he didn't break any rules in acquiring those shareholdings and that his advisers and those who facilitated those purchases didn't either.

Had he done so he would have been committing career suicide.

At one time I was very vocal in my support for HSL but sadly the game has changed and the chances of HSL acquiring 25% of the share capital now are miniscule.

The only folk to blame for this are the Hibs supporters who turned their backs on the initial offer when those shares were available for purchase by HSL and who could have prevented everything that followed had they grasped the nettle.

The fact that HSL's shareholding was subsequently diluted was undoubtedly unfortunate from a PR perspective for the Gordon's and especially for HSL, who were and are run by folk keen to ensure that another Mercer situation couldn't arise but at the same time completely understandable from the Gordon's perspective.

The purchaser's share holding was and is irrelevant in the overall control of the club, but we are lucky that it was engineered by another guy who by his other actions has demonstrated his love of and support of the club, without to date entering the Anderson self publicising circus territory seen over the road.

In an ideal world I personally would have liked HSL to have been successful in its original aims, but that ship has long sailed and its time to get on with the reality of our situation.

Casting doubt over a good Hibby whose shareholdings have done us no harm at all and whose support in other areas has been very welcome is extremely petty minded, not least because that individual in themselves didn't prevent those aspirations being fulfilled, far far from it.

Until the Gordon's takeover there were still plenty plenty of shares available, but the wider fanbase's lack of support didn't enable HSL to afford their purchase.

An alternate view to take might be that the guy getting the slagging put up his dough as a backstop to prevent another Mercer situation developing and wasn't prepared to wait for that to happen whilst the support flipped and flopped over whether to support HSL or not.

The guys subsequent actions have shown him to hold Hibs interests dear to him.

[Rumble de Thump]

Can't see their being a problem. The wealth of these guys is off the radar. Today's meeting will have been about asking just how succlent they like their lamb to be cooked.

[Hibbyradge]

And by others who won't want the oldfirm monopoly to end. Could genuinely see us not getting the go ahead.

There aren't many people who want to see the duopoly continue. We're so far behind Rantic that they're not going to feel threatened because we're trying to regularly finish third anyway.

[007]

This morning's interview with Bill Foley. The interview is about Bournemouth then there's a discussion afterwards by Jim White, Simon Jordan etc where Hibs get a mention.

Skip to 19 minutes past 11.
https://talksport.com/radio/listen-again/1702548000/1702551600/

[degenerated]

it's just a ponzi scheme.ponzi.........27496

[Centre Hawf]

[QUOTE=Iain G;7527817]Is any of it relevent or does it even matter in the current context? Multi billionaire wants to invest in the club in a minority stake, what is not to like?[/QUOTE

It always matters because right is right and wrong is wrong and folk are casting uninformed aspirations over something and someone they know nothing of.

Given that the purchaser had a senior role in a huge company in one of the tightest regulated environments there is, I am 100% certain that he didn't break any rules in acquiring those shareholdings and that his advisers and those who facilitated those purchases didn't either.

Had he done so he would have been committing career suicide.

At one time I was very vocal in my support for HSL but sadly the game has changed and the chances of HSL acquiring 25% of the share capital now are miniscule.

The only folk to blame for this are the Hibs supporters who turned their backs on the initial offer when those shares were available for purchase by HSL and who could have prevented everything that followed had they grasped the nettle.

The fact that HSL's shareholding was subsequently diluted was undoubtedly unfortunate from a PR perspective for the Gordon's and especially for HSL, who were and are run by folk keen to ensure that another Mercer situation couldn't arise but at the same time completely understandable from the Gordon's perspective.

The purchaser's share holding was and is irrelevant in the overall control of the club, but we are lucky that it was engineered by another guy who by his other actions has demonstrated his love of and support of the club, without to date entering the Anderson self publicising circus territory seen over the road.

In an ideal world I personally would have liked HSL to have been successful in its original aims, but that ship has long sailed and its time to get on with the reality of our situation.

Casting doubt over a good Hibby whose shareholdings have done us no harm at all and whose support in other areas has been very welcome is extremely petty minded, not least because that individual in themselves didn't prevent those aspirations being fulfilled, far far from it.

Until the Gordon's takeover there were still plenty plenty of shares available, but the wider fanbase's lack of support didn't enable HSL to afford their purchase.

An alternate view to take might be that the guy getting the slagging put up his dough as a backstop to prevent another Mercer situation developing and wasn't prepared to wait for that to happen whilst the support flipped and flopped over whether to support HSL or not.

The guys subsequent actions have shown him to hold Hibs interests dear to him.

From a supporter POV I've always felt HSL was something that had a bit of a confused meaning and in turn failed to sell itself to the wider fanbase due to ambiguity.

Was I buying shares to make us a fan owned club in the long term? Were we trying to slowly swap positions with Sir Tom and replace him because he wanted to sell? Was some of the money going to help the manager in the playing budget?

We weren't in financial peril like the orcs over the road so there was no real need to for people who perhaps didn't understand it fully to get on board, it always felt a bit like an extra bit of money to throw on top of your ticket money to be honest. Then when the Ponzi scheme malarky came about it just soured a bit of it and it felt quite divisive, and yet here it is again years on causing arguments.

[hibee1875]

I pay a tenner a month into HSL and I genuinely don’t know where my money goes. Won hospitality in one of their raffles last season though and enter each one this season. For that reason I’ll keep donating.

I started donating during Covid on the belief I was helping the club out and the money was going to the playing budget. I don’t think we’ve heard in forever of any donations to the club from HSL though

[Chipper1875]

[QUOTE=Iain G;7527817]Is any of it relevent or does it even matter in the current context? Multi billionaire wants to invest in the club in a minority stake, what is not to like?[/QUOTE

It always matters because right is right and wrong is wrong and folk are casting uninformed aspirations over something and someone they know nothing of.

Given that the purchaser had a senior role in a huge company in one of the tightest regulated environments there is, I am 100% certain that he didn't break any rules in acquiring those shareholdings and that his advisers and those who facilitated those purchases didn't either.

Had he done so he would have been committing career suicide.

At one time I was very vocal in my support for HSL but sadly the game has changed and the chances of HSL acquiring 25% of the share capital now are miniscule.

The only folk to blame for this are the Hibs supporters who turned their backs on the initial offer when those shares were available for purchase by HSL and who could have prevented everything that followed had they grasped the nettle.

The fact that HSL's shareholding was subsequently diluted was undoubtedly unfortunate from a PR perspective for the Gordon's and especially for HSL, who were and are run by folk keen to ensure that another Mercer situation couldn't arise but at the same time completely understandable from the Gordon's perspective.

The purchaser's share holding was and is irrelevant in the overall control of the club, but we are lucky that it was engineered by another guy who by his other actions has demonstrated his love of and support of the club, without to date entering the Anderson self publicising circus territory seen over the road.

In an ideal world I personally would have liked HSL to have been successful in its original aims, but that ship has long sailed and its time to get on with the reality of our situation.

Casting doubt over a good Hibby whose shareholdings have done us no harm at all and whose support in other areas has been very welcome is extremely petty minded, not least because that individual in themselves didn't prevent those aspirations being fulfilled, far far from it.

Until the Gordon's takeover there were still plenty plenty of shares available, but the wider fanbase's lack of support didn't enable HSL to afford their purchase.

An alternate view to take might be that the guy getting the slagging put up his dough as a backstop to prevent another Mercer situation developing and wasn't prepared to wait for that to happen whilst the support flipped and flopped over whether to support HSL or not.

The guys subsequent actions have shown him to hold Hibs interests dear to him.

We have 33% of shares in hibs fans hands . This is great news and enough to stop another mercer . Hopefully, the new investor is buying shares from Bydand Sports and not via a share issue. which potentially could dilute the 33% holding

[CropleyWasGod]

We have 33% of shares in hibs fans hands . This is great news and enough to stop another mercer . Hopefully, the new investor is buying shares from Bydand Sports and not via a share issue. which potentially could dilute the 33% holding

If he's buying from Bydand, where is all this money coming from that I keep reading about? :cb

[RMQ1967]

[QUOTE=Iain G;7527817]Is any of it relevent or does it even matter in the current context? Multi billionaire wants to invest in the club in a minority stake, what is not to like?[/QUOTE

It always matters because right is right and wrong is wrong and folk are casting uninformed aspirations over something and someone they know nothing of.

Given that the purchaser had a senior role in a huge company in one of the tightest regulated environments there is, I am 100% certain that he didn't break any rules in acquiring those shareholdings and that his advisers and those who facilitated those purchases didn't either.

Had he done so he would have been committing career suicide.

At one time I was very vocal in my support for HSL but sadly the game has changed and the chances of HSL acquiring 25% of the share capital now are miniscule.

The only folk to blame for this are the Hibs supporters who turned their backs on the initial offer when those shares were available for purchase by HSL and who could have prevented everything that followed had they grasped the nettle.

The fact that HSL's shareholding was subsequently diluted was undoubtedly unfortunate from a PR perspective for the Gordon's and especially for HSL, who were and are run by folk keen to ensure that another Mercer situation couldn't arise but at the same time completely understandable from the Gordon's perspective.

The purchaser's share holding was and is irrelevant in the overall control of the club, but we are lucky that it was engineered by another guy who by his other actions has demonstrated his love of and support of the club, without to date entering the Anderson self publicising circus territory seen over the road.

In an ideal world I personally would have liked HSL to have been successful in its original aims, but that ship has long sailed and its time to get on with the reality of our situation.

Casting doubt over a good Hibby whose shareholdings have done us no harm at all and whose support in other areas has been very welcome is extremely petty minded, not least because that individual in themselves didn't prevent those aspirations being fulfilled, far far from it.

Until the Gordon's takeover there were still plenty plenty of shares available, but the wider fanbase's lack of support didn't enable HSL to afford their purchase.

An alternate view to take might be that the guy getting the slagging put up his dough as a backstop to prevent another Mercer situation developing and wasn't prepared to wait for that to happen whilst the support flipped and flopped over whether to support HSL or not.

The guys subsequent actions have shown him to hold Hibs interests dear to him.

Excellent post btw 👍

[Hiber-nation]

It always matters because right is right and wrong is wrong and folk are casting uninformed aspirations over something and someone they know nothing of.

Given that the purchaser had a senior role in a huge company in one of the tightest regulated environments there is, I am 100% certain that he didn't break any rules in acquiring those shareholdings and that his advisers and those who facilitated those purchases didn't either.

Had he done so he would have been committing career suicide.

At one time I was very vocal in my support for HSL but sadly the game has changed and the chances of HSL acquiring 25% of the share capital now are miniscule.

The only folk to blame for this are the Hibs supporters who turned their backs on the initial offer when those shares were available for purchase by HSL and who could have prevented everything that followed had they grasped the nettle.

The fact that HSL's shareholding was subsequently diluted was undoubtedly unfortunate from a PR perspective for the Gordon's and especially for HSL, who were and are run by folk keen to ensure that another Mercer situation couldn't arise but at the same time completely understandable from the Gordon's perspective.

The purchaser's share holding was and is irrelevant in the overall control of the club, but we are lucky that it was engineered by another guy who by his other actions has demonstrated his love of and support of the club, without to date entering the Anderson self publicising circus territory seen over the road.

In an ideal world I personally would have liked HSL to have been successful in its original aims, but that ship has long sailed and its time to get on with the reality of our situation.

Casting doubt over a good Hibby whose shareholdings have done us no harm at all and whose support in other areas has been very welcome is extremely petty minded, not least because that individual in themselves didn't prevent those aspirations being fulfilled, far far from it.

Until the Gordon's takeover there were still plenty plenty of shares available, but the wider fanbase's lack of support didn't enable HSL to afford their purchase.

An alternate view to take might be that the guy getting the slagging put up his dough as a backstop to prevent another Mercer situation developing and wasn't prepared to wait for that to happen whilst the support flipped and flopped over whether to support HSL or not.

The guys subsequent actions have shown him to hold Hibs interests dear to him.

:aok:

And quotes fixed :wink:

[A Hi-Bee]

With the news of our new investor, just going through the formalities so that the SFA can get another free lunch, it is good news that keeps the speculation going, the gorgie muppets are squirming and long may it last. Bring on better quality players and better results for Hibs, what can be wrong with that.
:thumbsup:

[BSEJVT]

:aok:

And quotes fixed :wink:

Thanks J

I post so seldom hear anymore that the intricacies of it are a bit foreign to me.

[McD]

I pay a tenner a month into HSL and I genuinely don’t know where my money goes. Won hospitality in one of their raffles last season though and enter each one this season. For that reason I’ll keep donating.

I started donating during Covid on the belief I was helping the club out and the money was going to the playing budget. I don’t think we’ve heard in forever of any donations to the club from HSL though



As I understand it, HSL hold all monies, waiting for an opportunity to purchase further shares.

I think this has been the case for some time, but not sure exactly when it changed.

[Not In The Know]

No issue with the big donation to the club, it was incredibly generous. But if shares were acquired in the share issue worth more than £125,000 by one individual, that expressly went against the terms of the subscription agreement. Why did the club bother including that detail as part of the share agreement if it could be so easily ignored?

On your second point re the Bydand takeover, that is true if Bydand Sports only acquired the shares held by HFC Holdings at the time. They didn’t, they also acquired the unallocated new shares which had been issued by the HFC board in the same way as all shares under the subscription agreement between HFC and HSL had been acquired up until that point. That’s how Hibernian Supporters Limited were diluted from owning 20% of the club to the 15.4% we’ve been on since the summer of 2019.


Sir TF probably thought an incredibly well qualified person owning 10% of hibs was a decent wee insurance policy in some shape or form for the future of the club. Instead of a bunch of randoms on the internet greetin about x y and z. If folks really have a bee in their bonnet about this it proves people just want to moan about hibs for the sake of it.

[A Hi-Bee]

Sir TF probably thought an incredibly well qualified person owning 10% of hibs was a decent wee insurance policy in some shape or form for the future of the club. Instead of a bunch of randoms on the internet greetin about x y and z. If folks really have a bee in their bonnet about this it proves people just want to moan about hibs for the sake of it.
:top marks I have invested for a good few years now in HSL, dont really know what will happen to all the money sitting making a small amount of interest, but see no reason at all for not wanting the added "Help" being offered by Bill Foley and his investors, who together are worth in the region of 11.5billion, no wonder the jambos are squirming. (There is a lot of them looking in and a fair few undercover still trying to stir the pot, love it.
Looking ahead at a bright green future.

[Greencore]

https://vm.tiktok.com/ZGeLgvFbc/


Saying at the end of the video shares need to be approved by the hibs share holders at the AGM At the end of February or March?

[Not In The Know]

:top marks I have invested for a good few years now in HSL, dont really know what will happen to all the money sitting making a small amount of interest, but see no reason at all for not wanting the added "Help" being offered by Bill Foley and his investors, who together are worth in the region of 11.5billion, no wonder the jambos are squirming. (There is a lot of them looking in and a fair few undercover still trying to stir the pot, love it.
Looking ahead at a bright green future.

I too paid for years. Recently stopped because I couldn’t really see a reason for it. The contrived click to win hospitality thing was the last straw.

[CropleyWasGod]

https://vm.tiktok.com/ZGeLgvFbc/


Saying at the end of the video shares need to be approved by the hibs share holders at the AGM At the end of February or March?

Unless I'm missing something fundamental, that's not correct.

[jeffers]

https://vm.tiktok.com/ZGeLgvFbc/


Saying at the end of the video shares need to be approved by the hibs share holders at the AGM At the end of February or March?

How does he know that ?

[Greencore]

How does he know that ?

No idea.

Was wondering if anyone on here could clear this up.

[Bostonhibby]

I never cease to be amazed about how incredibly desperate they are to always be better/bigger/richer than us?
Potentially, there are going to be a few sleepless nights ahead for a few of them.Potentially they have more hotels, with no windows, than we will ever have.

Sent from my SM-A750FN using Tapatalk

[CropleyWasGod]

No idea.

Was wondering if anyone on here could clear this up.

If the Gordons are selling shares to anyone, it's not for the rest of the shareholders to approve.

If there are new shares being issued, the AGM is not where such a vote would happen.

[Greencore]

If the Gordons are selling shares to anyone, it's not for the rest of the shareholders to approve.

If there are new shares being issued, the AGM is not where such a vote would happen.

Thanks for clearing that up.

Guys obviously got his info wrong then.

[CropleyWasGod]

Thanks for clearing that up.

Guys obviously got his info wrong then.

tbf to him, he's probably been listening to Brian McLauchlin, who said something similar.

[tamig]

To be fair, Anderson is a pretty big deal in the fund management world. It’s just that Foley and Ryan are absolutely next level successful.


Sent from my iPhone using Tapatalk

You’ve clearly never listened to filipinohibs.

[Stanton Spence]

You’ve clearly never listened to filipinohibs.

😂

[04Sauzee]

Bournemouth fan on Twitter or whatever you want to call it these days reckons the following are guys that could do well at Hibs on loan from Bournemouth m not sure if any would even be feasible, positions or ages

Marcondes,Kilkenny,Moriah-welsh,Sadi, Dacosta-Gonzalez and Adu-Adjei could thrive

[Pagan Hibernia]

[QUOTE=BSEJVT;7527831]

From a supporter POV I've always felt HSL was something that had a bit of a confused meaning and in turn failed to sell itself to the wider fanbase due to ambiguity.

Was I buying shares to make us a fan owned club in the long term? Were we trying to slowly swap positions with Sir Tom and replace him because he wanted to sell? Was some of the money going to help the manager in the playing budget?

We weren't in financial peril like the orcs over the road so there was no real need to for people who perhaps didn't understand it fully to get on board, it always felt a bit like an extra bit of money to throw on top of your ticket money to be honest. Then when the Ponzi scheme malarky came about it just soured a bit of it and it felt quite divisive, and yet here it is again years on causing arguments.

I can't agree that HSL was confusing. They were never less than clear about their aims... to get shares into the hands of supporters, and in the process, get money into the club. That was the goal when it started and it never really changed until the Gordons arrived and took the shares off the table. Even now, the goal is to buy more shares, though the conditions for that do not exist currently.

It unfortunately got off to a bad start, with some halfwits muddying the water making all sorts of baseless allegations. I dont think it ever really recovered from that. It's also undeniable that there just wasn't the appetite there (despite the best efforts of hundreds of hibs fans who ploughed money in month after month). HSL was a victim of the club's financial stability, and that was the difference between it and the Foundation of Hearts.

Anyway, water under the bridge now. This deal looks to be going ahead, and I'm cautiously excited.

[Bostonhibby]

[QUOTE=Centre Hawf;7527843]

I can't agree that HSL was confusing. They were never less than clear about their aims... to get shares into the hands of supporters, and in the process, get money into the club. That was the goal when it started and it never really changed until the Gordons arrived and took the shares off the table. Even now, the goal is to buy more shares, though the conditions for that do not exist currently.

It unfortunately got off to a bad start, with some halfwits muddying the water making all sorts of baseless allegations. I dont think it ever really recovered from that. It's also undeniable that there just wasn't the appetite there (despite the best efforts of hundreds of hibs fans who ploughed money in month after month). HSL was a victim of the club's financial stability, and that was the difference between it and the Foundation of Hearts.

Anyway, water under the bridge now. This deal looks to be going ahead, and I'm cautiously excited.Right on the money re HSL[emoji106]

Sent from my SM-A750FN using Tapatalk

[Stanton Spence]

[QUOTE=Centre Hawf;7527843]

I can't agree that HSL was confusing. They were never less than clear about their aims... to get shares into the hands of supporters, and in the process, get money into the club. That was the goal when it started and it never really changed until the Gordons arrived and took the shares off the table. Even now, the goal is to buy more shares, though the conditions for that do not exist currently.

It unfortunately got off to a bad start, with some halfwits muddying the water making all sorts of baseless allegations. I dont think it ever really recovered from that. It's also undeniable that there just wasn't the appetite there (despite the best efforts of hundreds of hibs fans who ploughed money in month after month). HSL was a victim of the club's financial stability, and that was the difference between it and the Foundation of Hearts.

Anyway, water under the bridge now. This deal looks to be going ahead, and I'm cautiously excited.
I agree mate and the biggest problem imo was that hibs were never in serious financial trouble and that’s what hindered HSL

[JohnM1875]

Really deflating that today eh?

Not brought on by Hibs, Foley or anyone reporting the story really. Just totally bought in to the deal being agreed today. Not the finer details, but the green light at least. Now who knows how long we have to wait?

The longer it goes on needing SFA approval as well the more I’ll worry.

[Criswell]

What or who are are the Black Knights?

[Daniel 1875]

What or who are are the Black Knights?

The US Army’s college football team are called the Black Knights, I believe Foley went to the US military academy when he was younger.

[jeffers]

Bournemouth fan on Twitter or whatever you want to call it these days reckons the following are guys that could do well at Hibs on loan from Bournemouth m not sure if any would even be feasible, positions or ages

Marcondes,Kilkenny,Moriah-welsh,Sadi, Dacosta-Gonzalez and Adu-Adjei could thrive

Bingo……..you should be all over this.

[Northernhibee]

I'm also worried that when we become richer then astronauts how we'll deal with it when Hearts and other assorted riff-raff want to come to our stadium.

[Jack Hackett]

[QUOTE=Centre Hawf;7527843]

I can't agree that HSL was confusing. They were never less than clear about their aims... to get shares into the hands of supporters, and in the process, get money into the club. That was the goal when it started and it never really changed until the Gordons arrived and took the shares off the table. Even now, the goal is to buy more shares, though the conditions for that do not exist currently.

It unfortunately got off to a bad start, with some halfwits muddying the water making all sorts of baseless allegations. I dont think it ever really recovered from that. It's also undeniable that there just wasn't the appetite there (despite the best efforts of hundreds of hibs fans who ploughed money in month after month). HSL was a victim of the club's financial stability, and that was the difference between it and the Foundation of Hearts.

Anyway, water under the bridge now. This deal looks to be going ahead, and I'm cautiously excited.

Don't think I've ever been 'cautiously' excited in my life :greengrin

[Pagan Hibernia]

[QUOTE=Pagan Hibernia;7527969]

Don't think I've ever been 'cautiously' excited in my life :greengrin

It's in my nature mate lol... I want to believe that great times are coming... but, ..you know... its hibs...

[ozwoody]

I assume this must be serious money that we are talking about being invested in Hibs?

Hearts get money every year from Anderson in the region of £4-£5m from what I've read. And they have as far as I know, never had to seak permission to have that level of money invested.



So I can only assume this is far more than that.

I don't think it's bout the money he's putting into club, it's more the fact he's wanting to buy shares and there's rules regarding owning more than one club

[J-C]

Bingo……..you should be all over this.

I've looked on FM24 and only the 1st 2 are worthwhile but that's only going by FM24 mind.

[BSEJVT]

[QUOTE=Centre Hawf;7527843]

I can't agree that HSL was confusing. They were never less than clear about their aims... to get shares into the hands of supporters, and in the process, get money into the club. That was the goal when it started and it never really changed until the Gordons arrived and took the shares off the table. Even now, the goal is to buy more shares, though the conditions for that do not exist currently.

It unfortunately got off to a bad start, with some halfwits muddying the water making all sorts of baseless allegations. I dont think it ever really recovered from that. It's also undeniable that there just wasn't the appetite there (despite the best efforts of hundreds of hibs fans who ploughed money in month after month). HSL was a victim of the club's financial stability, and that was the difference between it and the Foundation of Hearts.

Anyway, water under the bridge now. This deal looks to be going ahead, and I'm cautiously excited.

For clarity

That wasn’t my quote you have posted and is one I don’t agree with.

Enough mud was slung about HSL at outset and sadly some stuck, but if folk had wanted to make effort to understand what it was all about IMO they could/should have.

[SON OF PADDY]

What or who are are the Black Knights?


According to Deep Purple.
Black Knight is a long way from home ! 🤟 😉

[big gogs]

According to Deep Purple.
Black Knight is a long way from home ! 🤟 😉
Could his wife be a farmers daughter.

[SON OF PADDY]

Could his wife be a farmers daughter.

No No No 🤟

[Sergio sledge]

But as those well in the know jambos over the road have pointed out, any investment similar to ours needs 90% approval of the FOH. (Ie shares are involved)

They are adamant that this safeguard is protecting them and their long term future.

I’m not knowledgeable on FOH or company law or anything, but isn’t the 90% vote thing for selling FOH shares? They couldn’t do anything if Ann Budge wanted to sell her 17% shareholding to a private individual who then wanted to invest in the club surely?

[Aldo]

I’m not knowledgeable on FOH or company law or anything, but isn’t the 90% vote thing for selling FOH shares? They couldn’t do anything if Ann Budge wanted to sell her 17% shareholding to a private individual who then wanted to invest in the club surely?

Yeah could be SS.

[blackpoolhibs]

[QUOTE=Pagan Hibernia;7527969]

Don't think I've ever been 'cautiously' excited in my life :greengrin

That describes me after every goal we score now we have VAR.

[Dobosz83]

That's the start of it now, Hearts CEO openly commenting on 'multi-club' ownership and how dead against it he is. The start of the pressure on the SFA to stop it.

We'll more then likely see the sheep do something similar in the coming days and perhaps a couple of others. God forbid someone looks to potentially mix up the boring tried and tested Scottish Football model...

Strange that models like these are used in France, Austria and Netherlands already....

[Aldo]

That's the start of it now, Hearts CEO openly commenting on 'multi-club' ownership and how dead against it he is. The start of the pressure on the SFA to stop it.

We'll more then likely see the sheep do something similar in the coming days and perhaps a couple of others. God forbid someone looks to potentially mix up the boring tried and tested Scottish Football model...

Strange that models like these are used in France, Austria and Netherlands already....


Tbh you’d expect that from them as they are fan owned. That and now see they could potentially be left behind

They will have to come up with some very good reasoning nit to allow this to happen.

[Murphys Touch]

https://x.com/bbcsportscot/status/1735585486574354613?s=46&t=JDLecRY8YgebZUOQNYJg2A

Jambo CEO against multi-club structure.

Irony lost on him obviously

[Hibs4185]

That's the start of it now, Hearts CEO openly commenting on 'multi-club' ownership and how dead against it he is. The start of the pressure on the SFA to stop it.

We'll more then likely see the sheep do something similar in the coming days and perhaps a couple of others. God forbid someone looks to potentially mix up the boring tried and tested Scottish Football model...

Strange that models like these are used in France, Austria and Netherlands already....

Was it not their AGM last night? Probably had to sit and listen to all the illiterate rabid ‘owners’ demanding that our investment be blocked.

No surprise he comes out with this, obviously the correct way to fund football clubs is to steal from charities, cash cows, bake sales and be dependent on donations

[Bostonhibby]

https://x.com/bbcsportscot/status/1735585486574354613?s=46&t=JDLecRY8YgebZUOQNYJg2A

Jambo CEO against multi-club structure.

Irony lost on him obviouslyMaybe he prefers the Vladimir Romanov model? The one where you get to take money from the charity box.

Sent from my SM-A750FN using Tapatalk

[Steve-O]

That's the start of it now, Hearts CEO openly commenting on 'multi-club' ownership and how dead against it he is. The start of the pressure on the SFA to stop it.

We'll more then likely see the sheep do something similar in the coming days and perhaps a couple of others. God forbid someone looks to potentially mix up the boring tried and tested Scottish Football model...

Strange that models like these are used in France, Austria and Netherlands already....

And, of course, England.

And, look at the state of their league! Dead in the water and running at a huge loss…

[nonshinyfinish]

No issue with the big donation to the club, it was incredibly generous. But if shares were acquired in the share issue worth more than £125,000 by one individual, that expressly went against the terms of the subscription agreement. Why did the club bother including that detail as part of the share agreement if it could be so easily ignored?

No expertise at all here, but my guess is that they wanted the ability to check out (and potentially veto) anyone trying to buy a big chunk of the club. In the case of this guy, they were fine with it so they divided the shares up into blocks of £125k for him. If it was someone else and they thought they might have some nefarious purpose in mind, they could use the £125k rule to knock them back.

As I said, just my guess.

[mcohibs]

https://x.com/bbcsportscot/status/1735585486574354613?s=46&t=JDLecRY8YgebZUOQNYJg2A

Jambo CEO against multi-club structure.

Irony lost on him obviously

Fear absolutely oozing out of him. Lovely.

https://uploads.tapatalk-cdn.com/20231215/382e5c2d9e1c1f445eaab3955cbd528f.jpg

[Greencore]

This is amazing. A grown man in almost tears because his city rivals could be getting the investment they (hertz)need and want 😂😂😂😂😂

The only disappointing part of this is Rod Petrie isn't on the SFA Board.

The sheep and gunts tears on twitter are beautiful "why not invest in hearts/sheep" pls pls

TIME TO ORDER MORE CASH COWS!

[big gogs]

No No No 🤟
I attended the 0 7 game (honest),does that make me a child in time.

[Renfrew_Hibby]

What exactly is the time scale for getting this approved?

[Bridge hibs]

https://x.com/bbcsportscot/status/1735585486574354613?s=46&t=JDLecRY8YgebZUOQNYJg2A

Jambo CEO against multi-club structure.

Irony lost on him obviouslyUnless it was hearts of course then they wouldnt give a flying **** about anyone else, reeks of pure jealousy from a crooked shambles of a club who think they are better than everyone else

No issues with a bit of self belief but those ****ers probably think they are 3rd best in the country and have a divine right to be best of the rest whereas they are ****ing tin pot with tin pot ideas and playing in a rusted tin pot of a ground

**** them and all who sail in her 🖕

[Scotty Leither]

https://x.com/bbcsportscot/status/1735585486574354613?s=46&t=JDLecRY8YgebZUOQNYJg2A

Jambo CEO against multi-club structure.

Irony lost on him obviously

Got his “smaller club” dig in as well. Hibs meantime are doing things properly and stating there’ll be no further comment pending the next meeting/representations to the SFA.

…and so it begins eh? I thought I was being paranoid thinking that there will be some clubs in Scotland determined that this doesn’t go through, and also that our mates over by would be the chief agitator in it all?

[Heisenberg]

https://x.com/bbcsportscot/status/1735585486574354613?s=46&t=JDLecRY8YgebZUOQNYJg2A

Jambo CEO against multi-club structure.

Irony lost on him obviously

Thought he was all for other clubs challenging the mighty Hearts for their 3rd place every season? Surely this investment helps us do that? Fat slavering mess.

[bingo70]

https://x.com/bbcsportscot/status/1735585486574354613?s=46&t=JDLecRY8YgebZUOQNYJg2A

Jambo CEO against multi-club structure.

Irony lost on him obviously

I thought he said at the AGM they were considering starting to look at that kind of investment for Hearts?

[jeffers]

Probably get shot down here, but I don’t see anything wrong with what he said. His final point has been something that’s been said, or similar, on here. I’ll qualify this by saying I’ve absolutely no doubt the fact it’s us and not them potentially getting this investment is a factor, but doesn’t make his point any less valid imo.

[Chorley Hibee]

https://x.com/bbcsportscot/status/1735585486574354613?s=46&t=JDLecRY8YgebZUOQNYJg2A

Jambo CEO against multi-club structure.

Irony lost on him obviously

Here we go.

It's great that Hearts are always there to look after the game in Scotland.

Who remembers their "reconstruction for the good of the Scottish game" argument.

Of course, it's just pure coincidence that these arguments happen to align with what is best for Hearts.

Expect a statement from Aberdeen in the near future.

A bit of a worry that these guys carry a vote on such matters too, surely a conflict of interests?

[Paulie Walnuts]

Here we go.

It's great that Hearts are always there to look after the game in Scotland.

Who remembers their "reconstruction for the good of the Scottish game" argument.

Of course, it's just pure coincidence that these arguments happen to align with what is best for Hearts.

Expect a statement from Aberdeen in the near future.

A bit of a worry that these guys carry a vote on such matters too, surely a conflict of interests?

:agree:

Someone in the Twitter comments summed it up quite well. Clubs in Scotland would rather punch themselves in the face than see Scottish football progress.

The self interest and short termism in Scottish football will have us remain an absolute backwater for evermore.

[Bostonhibby]

I thought he said at the AGM they were considering starting to look at that kind of investment for Hearts?So far behind the curve and a bit hamstrung by their ownership model so made it up on the hoof to appease the givers, who were supposed to be there to discuss their own clubs business?

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[Greencore]

Is he even allowed to comment on this, considering he's on the sfa board to approve this or not?

[mcohibs]

A bit of a worry that these guys carry a vote on such matters too, surely a conflict of interests?


Do they? I know that Hibs have to submit a formal approval application to the SFA but no idea of the process thereafter for this to go through.

[jacomo]

https://x.com/bbcsportscot/status/1735585486574354613?s=46&t=JDLecRY8YgebZUOQNYJg2A

Jambo CEO against multi-club structure.

Irony lost on him obviously


In principle I agree with him.

Of course, he’s at it though. Jambos had no problem with it when Vlad had them as part of his group and loan players were coming in from FC Kaunas in Lithuania.

[Scotty Leither]

Probably get shot down here, but I don’t see anything wrong with what he said. His final point has been something that’s been said, or similar, on here. I’ll qualify this by saying I’ve absolutely no doubt the fact it’s us and not them potentially getting this investment is a factor, but doesn’t make his point any less valid imo.

His comments (imho) have almost by default led to him spilling his guts on a confidential, sensitive meeting with one of the leading member clubs of the association, the Board of which he sits on.

They just cannot help themselves, and someone else mentioned a conflict of interest with his comments, which I fully agree with.

[Hibs90]

Does anyone know if he has a vote?

That would be a massive conflict of interests…

I presume Hibs and Foley have done their homework on this and are confident of a positive result

[Carheenlea]

Make no mistake - Hearts are absolutely seething with this. The very notion that Hibs could attract investment and incorporation into a structure that that ups the ante considerably is eating them inside.

The fat roaster McKinley’s bitter tears epitomises the Hearts mood right now.

And also make no mistake, Hearts will be trying anything and everything they can to derail the proposal.

[bingo70]

Make no mistake - Hearts are absolutely seething with this. The very notion that Hibs could attract investment and incorporation into a structure that that ups the ante considerably is eating them inside.

The fat roaster McKinley’s bitter tears epitomises the Hearts mood right now.

And also make no mistake, Hearts will be trying anything and everything they can to derail the proposal.

You’d think he would be welcoming the challenge for third place like he was last season.

[Chorley Hibee]

Their attitude actually shows how small minded and how small a club they are.

They don't care about challenging the Old Firm, investment in the game as a whole, other teams improving etc.

Their sole focus is getting one over Hibs.

Laughably small time.

[jeffers]

His comments (imho) have almost by default led to him spilling his guts on a confidential, sensitive meeting with one of the leading member clubs of the association, the Board of which he sits on.

They just cannot help themselves, and someone else mentioned a conflict of interest with his comments, which I fully agree with.

I don’t disagree, it doesn’t make his final point invalid though or something worthy of discussion.

[Aldo]

Make no mistake - Hearts are absolutely seething with this. The very notion that Hibs could attract investment and incorporation into a structure that that ups the ante considerably is eating them inside.

The fat roaster McKinley’s bitter tears epitomises the Hearts mood right now.

And also make no mistake, Hearts will be trying anything and everything they can to derail the proposal.

Of course they are and his sly dig using ‘smaller’ teams says it all!

I mentioned this to someone yesterday that Budge would be at him to ensure this falls by the wayside.

His comments are all about perception and my take is that if it was anyone else bar Hibs then no problems.

Interesting times ahead but they are going to have to come up with some very viable reasons for this not to take place given that Celtic chairman owns a stake in another club.

Running scared and big time!

FWIW I think it’s going to happen it’s just when?

[Bostonhibby]

His comments (imho) have almost by default led to him spilling his guts on a confidential, sensitive meeting with one of the leading member clubs of the association, the Board of which he sits on.

They just cannot help themselves, and someone else mentioned a conflict of interest with his comments, which I fully agree with.In any other world a board executive letting this sort of stuff out in the way he has, at the time he has wouldn't be a board member for very long.

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[GreenNWhiteArmy]

Far better to just have a benevolent benefactor to bail you out each year

They ***** are SPEWING our club has been picked for extra investment. Please let this go through

[jacomo]

Does anyone know if he has a vote?

That would be a massive conflict of interests…

I presume Hibs and Foley have done their homework on this and are confident of a positive result


The homework is that Hearts were delighted to be part of a multi-club model under mad Vlad.

Laughable hypocrisy yet again from the chumps.

Of course Budge will claim that her only concern is the good of Scottish football.

[Scotty Leither]

In any other world a board executive letting this sort of stuff out in the way he has, at the time he has wouldn't be a board member for very long.

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Yup…It’s Scottish football though eh?

Think of all the hooks, crooks, and comedians that have nearly brought to ruin some of the other clubs, who have sailed in with near-zero due diligence, yet here are serious players looking to make serious investment, and it’s to be picked over and stymied by these same clubs due to their own naked self-interest?

You couldn’t write it sometimes.

[Since452]

Lets be honest. Hearts whole existence revolves around beating Hibs. They aren't bothered about finishing 3rd regularly. They are a small time, backwards football club stuck in the dark ages and their Neanderthal supporters with their silly 5-1 hand gestures can't handle that we are moving with the times. We will progress while they stagnate with their fan ownership model and they can't handle it. Hibs are a forward thinking football club. Always have been , always will be. Move forward or get left behind. Bye, bye Jambos.

[Greencore]

Make no mistake - Hearts are absolutely seething with this. The very notion that Hibs could attract investment and incorporation into a structure that that ups the ante considerably is eating them inside.

The fat roaster McKinley’s bitter tears epitomises the Hearts mood right now.


And also make no mistake, Hearts will be trying anything and everything they can to derail the proposal.


It's. Just. Beautiful.😍😍😍

[B.H.F.C]

If you were going to paint a picture of a Jambo, it’s him you’d paint.

Fat, slavering mess.

[Kato]

https://x.com/bbcsportscot/status/1735585486574354613?s=46&t=JDLecRY8YgebZUOQNYJg2A

Jambo CEO against multi-club structure.

Irony lost on him obviouslyWhen they brought in a money launderer as owner they scoffed and laughed at everyone else in the League until the inevitable happened then they turned on the pettied lip and cried. Everyone else in the League were supposed to accept both faces of these numbskulls.

He should his not inconsiderable cakehole.

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[Libby Hibby]

If you were going to paint a picture of a Jambo, it’s him you’d paint.

Fat, slavering mess.

Probably wearing pish stained chords as well

[matty_f]

I’m sure I saw something yesterday from their AGM that he also thought that’s how football was going and he’d investigate options for Hearts so I don’t think that clip in isolation tells the whole story.

[007]

I’m not knowledgeable on FOH or company law or anything, but isn’t the 90% vote thing for selling FOH shares? They couldn’t do anything if Ann Budge wanted to sell her 17% shareholding to a private individual who then wanted to invest in the club surely?

Which is what I think she'll do once the value has been increased as much as possible. 1st a new stand, now a hotel. Just heard they're now looking to get themselves their own new training centre and are also considering upgrading the old stands. All good stuff getting funded by donations and greatly enhancing the value. I wonder how much of her own cash, if any, Budge is putting into all the projects. None? Bet it isn't 17.4% of the costs but she'll be getting 17.4% worth of the increase in value when she sells her shares.

Do any of the donations go to the player budget? I'm not sure they do, all or most is on the infrastructure isn't it? So a nice little earner for Budge.

[The Spaceman]

You know we have got them absolutely squirming for their own future/relevance when their CEO is going to press trying to stop our investment.

Laughable. Pathetic. Irrelvant.

Enjoy your "fan ownership" model you losers which, by the way, was brought about by going bust from massively corrupted debt-fuelled/Lituanian taxpayer/charity robbing investment. At least we are going down a legitimate path with legitimate investors because guess what, we are the most attractive club in Scotland to invest in at the moment and have been for some time.

[Greencore]

Just wait till their cash cow james pulls out😂😂😂😂😂😂

[Since452]

You know we have got them absolutely squirming for their own future/relevance when their CEO is going to press trying to stop our investment.

Laughable. Pathetic. Irrelvant.

Enjoy your "fan ownership" model you losers which, by the way, was brought about by going bust from massively corrupted debt-fuelled investment. At least we are going down a legitimate path with legitimate investors because guess what, we are the most attractive club in Scotland to invest in at the moment and have been for some time.

The biggest, most hugest massive fan owned club in the UK. Stick that in your trophy cabinet you freaks.

[mcohibs]

I’m sure I saw something yesterday from their AGM that he also thought that’s how football was going and he’d investigate options for Hearts so I don’t think that clip in isolation tells the whole story.

I think you’re right.

The BBC headline on the tweet is actually quite misleading. Clickbait almost. What he’s actually said is…

‘I personally wouldn’t want Scotland to become just a league of smaller clubs in multi club groups.’

The rest of the clip having watched again, he’s actually not talking down the idea at all.

[Kato]

Has to talk in terms like the "corridors of power" too, pompous much?

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[007]

Just wait till their cash cow james pulls out😂😂😂😂😂😂

When that happens the sound from the queef will be like Concorde breaking the sound barrier.

[GloryGlory]

Make no mistake - Hearts are absolutely seething with this. The very notion that Hibs could attract investment and incorporation into a structure that that ups the ante considerably is eating them inside.

The fat roaster McKinley’s bitter tears epitomises the Hearts mood right now.

And also make no mistake, Hearts will be trying anything and everything they can to derail the proposal.

I bet they're begging James Anderson to search down the sofa to see if he can dig up a bit more cash!

[Chorley Hibee]

Just wait till their cash cow james pulls out😂😂😂😂😂😂

Not an image anyone wants to think about over their breakfast.

[nonshinyfinish]

Probably wearing pish stained chords as well

Presumably minor chords given his demeanour in that video.

[Greenworld]

Just listened to him. Don't think there is much wrong in what he says . However just because he does not think it is something he would like does not mean its not something many others would like.
The main thing is though at this stage is to get the first part approved keeping everyone at the sfa abreast of our new investors / share holders.



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[Jones28]

The statement yesterday from the club was that positive talks had taken place, pay no heed to a spewing Jambo.

[GloryGlory]

I think you’re right.

The BBC headline on the tweet is actually quite misleading. Clickbait almost. What he’s actually said is…

‘I personally wouldn’t want Scotland to become just a league of smaller clubs in multi club groups.’

The rest of the clip having watched again, he’s actually not talking down the idea at all.

TBH they're aren't that many clubs in Scotland who would attract much interest from multi national groups. Eight or nine at most? Couldn't see a lot of interest in the likes of Brechin or Berwick Rangers, Stranraer or Stenhousemuir.

[Scotty Leither]

The statement yesterday from the club was that positive talks had taken place, pay no heed to a spewing Jambo.

👍🏻

[GloryGlory]

Got his “smaller club” dig in as well. Hibs meantime are doing things properly and stating there’ll be no further comment pending the next meeting/representations to the SFA.

…and so it begins eh? I thought I was being paranoid thinking that there will be some clubs in Scotland determined that this doesn’t go through, and also that our mates over by would be the chief agitator in it all?

If a member of the SFA board is making comments to the media Hibs should be having a word with the powers that be to shut it.

[Jones28]

Bedwetter in Chief Sooks is so desperate to be right it's actually laughable.

Hes delighted their model of ownership means that they need to find 90% consensus on any major decision, thats absolutely bonkers. It's akin to having a voting structure that allows two teams to torpedo any chance of anything changing.

[Mcbizz1998]

If this is blocked by the SFA then I may well just pack it in. They will be actively stopping clubs from trying to progress and making Scottish football a better product. It would be a signal that they are happy with the status quo of arse cheek dominance, what would be the point in supporting hibs knowing nothing was likely to ever change?

Having said that, I don’t think they will! Can’t wait for this all to be confirmed to quell my anxiety.

[WhileTheChief..]

https://x.com/bbcsportscot/status/1735585486574354613?s=46&t=JDLecRY8YgebZUOQNYJg2A

Jambo CEO against multi-club structure.

Irony lost on him obviously

On Kickback they're reporting that he said it was the way forward at their AGM yesterday. Seems like he's changed his mind quickly!

[Jones28]

Hearts fans are so desperate to compare Foley to Romanov its actually embarrassing. I hope their new hotel (the one with windowless rooms but a big telly that lets you see the pitch :confused:) has bought a big old batch of comfort blankets, they're so desperately in need of them.

[Scotty Leither]

Having said that, I don’t think they will! Can’t wait for this all to be confirmed to quell my anxiety.[/QUOTE]

Same here, I’m genuinely enthused by the prospect of this, but wary and cynical of the various agendas that are always in play in Scottish football.

[Jones28]

If this is blocked by the SFA then I may well just pack it in. They will be actively stopping clubs from trying to progress and making Scottish football a better product. It would be a signal that they are happy with the status quo of arse cheek dominance, what would be the point in supporting hibs knowing nothing was likely to ever change?

Having said that, I don’t think they will! Can’t wait for this all to be confirmed to quell my anxiety.

I'm in this kind of boat too, I think they will approve it though. If they don't it will leave Scottish football in the dust and the investment will go somewhere else - Scandinavian clubs or something like that.

It also would set a precedent for neither of the old firm clubs becoming part of anything like that in future - I could see Rangers jumping in to a deal like that.

[007]

On Kickback they're reporting that he said it was the way forward at their AGM yesterday. Seems like he's changed his mind quickly!

It is a pre-emptive strike. When the Foley deal goes through he's in the firing line from a lot of Jambos so he's putting on record that he was against it.

He is gaslighting them just like he did claiming a 7000 season ticket waiting list. Bit daft to do this the day after he's said the opposite to them at their AGM.

[Real Emerald]

Anyone have any knowledge of what happens next and when? A timeline of events.

[Not In The Know]

Is he even allowed to comment on this, considering he's on the sfa board to approve this or not?

Very good point


the fat trumpet just can’t help himself tho.

[jeffers]

I'm in this kind of boat too, I think they will approve it though. If they don't it will leave Scottish football in the dust and the investment will go somewhere else - Scandinavian clubs or something like that.

It also would set a precedent for neither of the old firm clubs becoming part of anything like that in future - I could see Rangers jumping in to a deal like that.

If they do block it presumably their next action will be to contact Desmond to get him to sell his shares in either Celtic or Shamrock….

[Not In The Know]

If they do block it presumably their next action will be to contact Desmond to get him to sell his shares in either Celtic or Shamrock….

They may not block the investment but I guarantee there will be some petty conditions like it has to be a smaller share than requested.

[Hibs4185]

Just read a few pages on keekback about their AGM and the an evening news article about it.

They’ve all of a sudden announced that they have a contract with JA for the long term….winder why they’ve announced that today of all days??!

Lots of fans wanting to change voting structure from 90% majority regarding new investment….wonder why.

The whole club is a mess. If they got it right, with the right appointments they would be miles ahead but they are a laughing stock.

A few want JA to invest more and take control. He’s put in £30 million and had over 5 years, what more can he do?

Basket case

[Juice-Terry]

If they do block it presumably their next action will be to contact Desmond to get him to sell his shares in either Celtic or Shamrock….
Love it.

[mcohibs]

Anyone have any knowledge of what happens next and when? A timeline of events.

Just had a look there, next season’s Champions League final will be 31 May 2025 in Munich.

[jeffers]

They may not block the investment but I guarantee there will be some petty conditions like it has to be a smaller share than requested.

Pretty sure I read Desmond owns 25% of Shamrock. Don’t believe Foley is buying a bigger percentage of our shares.

[Juice-Terry]

Just had a look there, next season’s Champions League final will be 31 May 2025 in Munich.
:flag:

[A Hi-Bee]

SFA is just a process thing, no big deal, Hibs just going by the book as we do, unlike the other shower who are seething, it is wonderful, ooh, ooh ooh to be a Hibby,
**** the ha,ha,ha,ha,ha,ha,ha,hartz
:greengrin:greengrin:greengrin:greengrin:greengrin :greengrin:greengrin

[matty_f]

On Kickback they're reporting that he said it was the way forward at their AGM yesterday. Seems like he's changed his mind quickly!

I was sure I’d seen that in Twitter as well.

I think this clip needs more context but he’s also at pains to stress that this is a personal opinion and so I wouldn’t read anything into it.

I expect this to go through the next steps without much fuss, tbh.

It’s a good thing for Scottish football, it’ll put more money into the game here that’s desperately needed.

[Chorley Hibee]

If a member of the SFA board is making comments to the media Hibs should be having a word with the powers that be to shut it.

Genuinely, how is someone allowed to get away with such a clear abuse of their position and a blatant conflict of interest?

I hope Hibs are all over this.

My concern is that Foley and his associates have no idea just how deep the corruption runs in our game, and the lengths the powers that be will go to in order to preserve their own (club's) position.

[SHODAN]

Hearts literally gamed the entirely unfit-for-purpose SFA ownership system for years to no apparent consequence and got two cups and a CL qualification, and an Edinburgh derby dominance shift so seismic that we're still feeling the effects of it today. They deliberately withheld players' wages to improve performances (usually before derbies) and were allowed to offer pre-contracts on enormous salaries they transparently couldn't pay (at least one of which, every season, happened to be a player we were in advanced talks with) for about half a decade before the league decided to actually do something about it.

NOW they're concerned about the ethical and logistical implications of their rivals having a financial advantage? I can only assume their entire fan board all made the morally correct decision to stay away during Romanov's tenure? Did they ****. Cry me a ****ing river.

[Scotty Leither]

I was sure I’d seen that in Twitter as well.

I think this clip needs more context but he’s also at pains to stress that this is a personal opinion and so I wouldn’t read anything into it.

I expect this to go through the next steps without much fuss, tbh.

It’s a good thing for Scottish football, it’ll put more money into the game here that’s desperately needed.

I hope you’re right, Matty.

Game changer for Hibernian FC if it does go through.

[Kato]

Anyone have any knowledge of what happens next and when? A timeline of events.With the Hearts CEO? After crying at the press conference he heads back to Tynecastle, screams to get hospitality opened up then he scoffs cake for the rest of the day.

Sent from my SM-A528B using Tapatalk

[Chorley Hibee]

Hearts literally gamed the entirely unfit-for-purpose SFA ownership system for years to no apparent consequence and got two cups and a CL qualification, and an Edinburgh derby dominance shift so seismic that we're still feeling the effects of it today. They deliberately withheld players' wages to improve performances (usually before derbies) and were allowed to offer pre-contracts on enormous salaries they transparently couldn't pay (at least one of which, every season, happened to be a player we were in advanced talks with) for about half a decade before the league decided to actually do something about it.

NOW they're concerned about the ethical and logistical implications of their rivals having a financial advantage? I can only assume their entire fan board all made the morally correct decision to stay away during Romanov's tenure? Did they ****. Cry me a ****ing river.

This ☝️

[Greenworld]

The Board

The main Board consists of eight members: the Scottish FA Office Bearers (Mike Mulraney, President; Ian Maxwell, Chief Executive; and Leslie Gray, Vice President), plus Andrew McKinlay (PGB), Aileen Campbell (NPGB) and independent non-executive directors,*Ana Stewart and Malcolm*Kpedekpo.

I think reading some of the comments people need to remember this is a SFA approval we are seeking . The members of which are above .
The fact that as a club Andrew mckinlay might not fancy the multi club ownership system does not mean he can object to other on that basis .
From what I've read in the past Mike Mulraney is all for change and progressing the game so would imagine he would be one of the ones giving a positive vibe to hibs request .

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[gbhibby]

Hearts fans are so desperate to compare Foley to Romanov its actually embarrassing. I hope their new hotel (the one with windowless rooms but a big telly that lets you see the pitch :confused:) has bought a big old batch of comfort blankets, they're so desperately in need of them.Foley is Harrods compared to Corner shop who thinks he is a supermarket Romanov. I warned Leslie Deans about Romanov 3 years before the [emoji90] hit the fan. Not bothered what they say as Foleys wealth is transparent.

Sent from my SM-A127F using Tapatalk

[chippy]

They may not block the investment but I guarantee there will be some petty conditions like it has to be a smaller share than requested.
That will be effectively blocking it…..I take it that’s what you meant ?

[Not In The Know]

That will be effectively blocking it…..I take it that’s what you meant ?


eg Foley cant have 24.9% he can only have 10%. probably meaning he won't go for it or he will invest as smaller amount.

[matty_f]

I hope you’re right, Matty.

Game changer for Hibernian FC if it does go through.

I think it’s a potential game changer for Scottish football.

I was guest on an Irish podcast last week and the host asked would change Celtic’s dominance of Scottish football (or Celtic and Rangers if you want to include them) and at that point there was genuinely nothing I could think of other than money coming in that would do it.

I think I read that Bournemouth signed a £15m player and immediately loaned him to Lorient.

Can you imagine the impact of not only increasing our own spending to get players that are, to use Nick Montgomerys words, “out of reach” along with a couple of loans of £15m rated players?

That *should* make us competitive with Rangers and Celtic without spending tens of millions ourselves.

Extending that thinking - should we qualify got Europa League, we have a far greater chance of reaching the group stages and being competitive in them as well.

It really is a potentially huge moment for Scottish football and one that could shift the dynamic for years to come.

[007]

I get why the SPFL board has representatives from a few clubs on it but the SFA board? How come McKinlay is on it? Seems like a conflict of interest to me, particularly when he's making statements on being against multi-club ownership.

[chippy]

eg Foley cant have 24.9% he can only have 10%. probably meaning he won't go for it or he will invest as smaller amount.
He’d be off to Scandinavia with his loot

[Hibernian Verse]

On McKinley's comments and in the interest of balance;

1) He says "a discussion has to take place within Scottish Football" regarding dual ownership. To me, that actually sounds like he means a discussion about changing the rules rather than trying to block 24.9% for Foley. He says the "rule has prevented" investment.

2) He says "there is a realisation or view" that we need to think carefully about it. I think that's actually a fair comment and something which the Gordon's will be thinking about carefully as they potentially sell more of the club down the line. In the interests of preservation of history, of values etc.

3) He says "I personally" when saying he doesn't want a full league of dual owned clubs. He HAS to say that because he is essentially speaking to the FOH and Hearts fans here. The club is fan owned and the supporters, however gullible they may have been, were sold the self-ownership dream and the club can't just turn around and say that Hibs are going about it the right way now so you need to sell all your shares. FOH donations would plummet (and they might off the back of this anyway).

[grunt]

On McKinley's comments and in the interest of balance ...
Good post. Let's hope you're right.

[flash]

They may not block the investment but I guarantee there will be some petty conditions like it has to be a smaller share than requested.

You guarantee that?

[Hibernian Verse]

You guarantee that?

He does call himself "Not In The Know" :wink:

[mcohibs]

On McKinley's comments and in the interest of balance;

1) He says "a discussion has to take place within Scottish Football" regarding dual ownership. To me, that actually sounds like he means a discussion about changing the rules rather than trying to block 24.9% for Foley. He says the "rule has prevented" investment.

2) He says "there is a realisation or view" that we need to think carefully about it. I think that's actually a fair comment and something which the Gordon's will be thinking about carefully as they potentially sell more of the club down the line. In the interests of preservation of history, of values etc.

3) He says "I personally" when saying he doesn't want a full league of dual owned clubs. He HAS to say that because he is essentially speaking to the FOH and Hearts fans here. The club is fan owned and the supporters, however gullible they may have been, were sold the self-ownership dream and the club can't just turn around and say that Hibs are going about it the right way now so you need to sell all your shares. FOH donations would plummet (and they might off the back of this anyway).

Good post. I’m of the same view that I actually think McKinley’s comments on this are a positive thing from a Hibs perspective.

It sounds as though he’s accepted that the change needs to take place/ be allowed and he’s trying to explain that to the Hearts support, whilst at the same time caveating it with ‘but our model is better though’ (it’s not).

[overdrive]

At least we are being honest and upfront about this. Hearts technically were not part of a multi club structure, although in practice they were. Vlad never owned Kaunas. He was, however, their principal sponsor and the one pulling the strings financial or otherwise!

[Not In The Know]

You guarantee that?


ffs

[McGruber]

Hearts literally gamed the entirely unfit-for-purpose SFA ownership system for years to no apparent consequence and got two cups and a CL qualification, and an Edinburgh derby dominance shift so seismic that we're still feeling the effects of it today. They deliberately withheld players' wages to improve performances (usually before derbies) and were allowed to offer pre-contracts on enormous salaries they transparently couldn't pay (at least one of which, every season, happened to be a player we were in advanced talks with) for about half a decade before the league decided to actually do something about it.

NOW they're concerned about the ethical and logistical implications of their rivals having a financial advantage? I can only assume their entire fan board all made the morally correct decision to stay away during Romanov's tenure? Did they ****. Cry me a ****ing river.

This in spades.

[flash]

ffs

I will take that as a no.

[Since452]

Hearts weren't even Romanov's first choice if i remember correctly. Sure it was Dunfermline and then Dundee United before he had to settle on the Gorgie tramps. Foley, who is a transparent guy who does his business above board, has seen the potential in Hibs. Completely different to Romanov who other clubs saw right through from the start. They are clutching at straws comparing the two. Reeks of seethe.

[matty_f]

I don’t see any real parallels between Romanov and Foley. From the outset you could see Romanov was a charlatan, we all knew it and Hearts fans just denied it - despite mounting evidence - until it all crumbled.

Hearts were almost immediately in significant debt “we owe it to ourselves” etc. There’s nothing to suggest that’s the route Hibs are going down with Foley.

[eastmainsmsh]

https://x.com/bbcsportscot/status/1735585486574354613?s=46&t=JDLecRY8YgebZUOQNYJg2A

Jambo CEO against multi-club structure.

Irony lost on him obviously


What a bunch of hypocrites that club is budge got them for measly sum after Romanovs shenanigans

[Rumble de Thump]

I think there should be a discussion about multi jobs. The chief executive of an SPFL club obviosuly should not be chairman of the SFA. It's a clear conflict of interests but the people running the game think that's fine. Scottish football is just unprofessional.

[Scotty Leither]

I’m still going to be on tenterhooks until this goes through.

Daft question time now though (and forgive my perceived naivety in these matters), IF there is “interference” by malign influences, could Foley/Knights group not simply buy a 51% share, assuming the Gordons were amenable?

Or is being part of a multi-club group the issue for the other “concerned” clubs? e.g Hearts.

[eastmainsmsh]

Just wait till their cash cow james pulls out😂😂😂😂😂😂

You have to wonder where His cash cow is coming from Sour grapes from Jambos regarding Foley imo

[nonshinyfinish]

Daft question time now though (and forgive my perceived naivety in these matters), IF there is “interference” by malign influences, could Foley/Knights group not simply buy a 51% share, assuming the Gordons were amenable?

My understanding of the current rules is that it wouldn't be allowed by the SFA, because they'd then have majority ownership of two clubs.

Also there would be potential for future problems if both Hibs and Bournemouth qualified for Europe at the same time.

[matty_f]

I’m still going to be on tenterhooks until this goes through.

Daft question time now though (and forgive my perceived naivety in these matters), IF there is “interference” by malign influences, could Foley/Knights group not simply buy a 51% share, assuming the Gordons were amenable?

Or is being part of a multi-club group the issue for the other “concerned” clubs? e.g Hearts.

It’s the multi club interest, rather than the amount of shareholding that’s the issue.

If anything, a controlling interest would be more likely to be blocked from the outset.

[Scotty Leither]

My understanding of the current rules is that it wouldn't be allowed by the SFA, because they'd then have majority ownership of two clubs.

Also there would be potential for future problems if both Hibs and Bournemouth qualified for Europe at the same time.

👍🏻

[Scotty Leither]

It’s the multi club interest, rather than the amount of shareholding that’s the issue.

If anything, a controlling interest would be more likely to be blocked from the outset.
👍🏻

[Trinity Hibee]

Sorry for detracting from the Hibs element of this thread but given Foley is going to be a minority shareholder at Hibs, what is James Anderson’s position at hearts? Presumably not a shareholder, just a donator which requires no checks by the SFA?

[CropleyWasGod]

Sorry for detracting from the Hibs element of this thread but given Foley is going to be a minority shareholder at Hibs, what is James Anderson’s position at hearts? Presumably not a shareholder, just a donator which requires no checks by the SFA?

He is a Board member. Not sure if that needs SFA checks.

[Trinity Hibee]

He is a Board member. Not sure if that needs SFA checks.

Ok. Didn’t know he was on the board

[Bridge hibs]

Ok. Didn’t know he was on the board

Non executive director

[CropleyWasGod]

I think there should be a discussion about multi jobs. The chief executive of an SPFL club obviosuly should not be chairman of the SFA. It's a clear conflict of interests but the people running the game think that's fine. Scottish football is just unprofessional.

Not sure how else it would work.

The Board are elected by the clubs and associations, who are effectively the SFA. The Board delegate the executive function to the Chief Exec and their staff.

[Hibbyradge]

Presumably minor chords given his demeanour in that video.

😀👍

[HoboHarry]

Not sure how else it would work.

The Board are elected by the clubs and associations, who are effectively the SFA. The Board delegate the executive function to the Chief Exec and their staff.
You are right of course but the Hearts man making comments like that is clearly displaying a conflict of interest and isn't an impartial look.

[Trinity Hibee]

You are right of course but the Hearts man making comments like that is clearly displaying a conflict of interest and isn't an impartial look.

Very true. Professional and Hearts aren’t often found in the same sentence though.

[USA_Hibee]

Sorry for detracting from the Hibs element of this thread but given Foley is going to be a minority shareholder at Hibs, what is James Anderson’s position at hearts? Presumably not a shareholder, just a donator which requires no checks by the SFA?

He's basically another member of FoH.. supporting a club that would and will be screwed when his help drys up.

[badabing67]

I was sure I’d seen that in Twitter as well.

I think this clip needs more context but he’s also at pains to stress that this is a personal opinion and so I wouldn’t read anything into it.

I expect this to go through the next steps without much fuss, tbh.

It’s a good thing for Scottish football, it’ll put more money into the game here that’s desperately needed.



Would be brilliant if you could get a interview with Rod Petrie on the podcast to get his views and insight on the matter, could you make that happen. just a thought.

[greenginger]

How much of the Rangers did Mike Ashley own whilst still owning Newcastle ?

[Ringothedog]

How much of the Rangers did Mike Ashley own whilst still owning Newcastle ?

8.92%

[Hibs4185]

Very true. Professional and Hearts aren’t often found in the same sentence though.

Professional hoteliers now.

[SON OF PADDY]

I attended the 0 7 game (honest),does that make me a child in time.

Likewise, what a day to be a Hibby.
Mind you, back in the day I'd never admit to knowing a strange kind of woman. 🤟

[K-Zazu]

8.92%

What about the Celtic guy and shamrock rovers?

[Aldo]

What about the Celtic guy and shamrock rovers?

25%

[CapitalGreen]

What about the Celtic guy and shamrock rovers?

He acquired those shares after he had invested in Celtic. Does seem a bit of a flawed rule where the owner of a Scottish Club could create a multi-club group but a Scottish Club can’t be added a to an existing multi-club group without permission.

[worcesterhibby]

What about the Celtic guy and shamrock rovers?

Dermot Desmond owns 25% of Shamrock Rovers and 34.5% of Celtic

[hibeerealist]

Romanov could not provide evidence of wealth at the start of the Due Diligence process which resulted in Dunfermilne and I think it was Dundee rather than utd, sending him packing. ONLY ONE club would entertain taking matters forward, yes the gullibles from gorgie.

Foley is on a different planet in terms of wealth, Integrity and professionalism, don't let the gullibles concern you they will have zero chance of killing this deal.

Just let them worry how they are going to deal with a superior Hibs side, a few defeats from us and the FOH donations will dry up!!!

[jacomo]

Romanov could not provide evidence of wealth at the start of the Due Diligence process which resulted in Dunfermilne and I think it was Dundee rather than utd, sending him packing. ONLY ONE club would entertain taking matters forward, yes the gullibles from gorgie.

Foley is on a different planet in terms of wealth, Integrity and professionalism, don't let the gullibles concern you they will have zero chance of killing this deal.

Just let them worry how they are going to deal with a superior Hibs side, a few defeats from us and the FOH donations will dry up!!!


It was Dundee - a financial basket case who almost went bust in recent memory due to overspending.

The fact that even they saw through Vlad’s bluster is telling.

[Since452]

Was it Bournemouth that absolutely schooled us in pre season? Men against boys. I'd gladly take some of those lads at Hibs. They are operating many levels above us.

[WhileTheChief..]

How much of the Rangers did Mike Ashley own whilst still owning Newcastle ?

Good point. How is this any different?

Surely we just do the same as them and everything will be fine?!

[He's here!]

Was it Bournemouth that absolutely schooled us in pre season? Men against boys. I'd gladly take some of those lads at Hibs. They are operating many levels above us.

Yep, 4-0 going on 6 or 7:

https://www.youtube.com/watch?v=QZUwq0ermD8

I'm finding the 'they're not big enough for us to be associated with' chat bizarre.