Hsl

[Danderhall Hibs]

:agree:

Starting to worry a bit.

I wouldn’t - don’t think they have the %age to make a difference.

[scoopyboy]

I'm getting a tad confused over all this so I will ask one question.

Have HSL got enough power to stop the investment going ahead at the AGM?

[Pretty Boy]

Can just see this falling through now, every other club accepting investment, and nobody else coming near us after we knock back one of the biggest syndicates in world sport.

It would be peak Hibs.

I don't think it will fall through.

The vote essentially hinges on one man now though which isn't a position I would like to be in. I'm sure Bydland and Black Knights were well aware it could come down to that and will have been fairly sure of his support before making the proposals they have.

If they haven't then more fool them, it's a glaring oversight. It won't have happened though, as I said on another thread the clarification on who owned the nominee shareholdings wasn't uncovered by accident.

[Danderhall Hibs]

How could I vote by proxy? I didn’t know anyone going. And unless I missed it there was not way to vote prior to the meeting?

Fair question. Were votes send by email prior to the meeting counted?

[Brightside]

I'm getting a tad confused over all this so I will ask one question.

Have HSL got enough power to stop the investment going ahead at the AGM?

No.

[Stairway 2 7]

I must’ve imagined our recent third place finish. Likewise the jambos relegation / demotion. Money is important in football, but having competent staff even more so.

Glad to see HSL voting against, in the interests of the clubs long term future.

Surely no way you'd be happy we lost out on 12 million in investment this summer? We don't know how competent the staff we'd be getting are i think the football science and scouting from Bournemouth will be worth more than the cash we get personally.

One thing if our wage to income ratio is down to 65% and turnover going to break £15 million they've steadied the ship financially. I think the loans and Moriah-Welsh have helped already and will the rest of the season. The ability for us to send lads like Megwa and Murray Aitken to New Zealand and play in front of decent crowds against internationals would be great for their development too.

I can understand your opinion and the anger about the articles ect but stagnation or huge investment is a complete no brainer for me

[Danderhall Hibs]

I'm getting a tad confused over all this so I will ask one question.

Have HSL got enough power to stop the investment going ahead at the AGM?

Not on their own.

[Brightside]

I don't think it will fall through.

The vote essentially hinges on one man now though which isn't a position I would like to be in. I'm sure Bydland and Black Knights were well aware it could come down to that and will have been fairly sure of his support before making the proposals they have.

If they haven't then more fool them, it's a glaring oversight. It won't have happened though, as I said on another thread the clarification on who owned the nominee shareholdings wasn't uncovered by accident.

I wouldn’t worry about it.

[JohnM1875]

Fair question. Were votes send by email prior to the meeting counted?

Surely they’d have to be counted? Otherwise what was the point in asking.

[TrinityHFC]

Having said that they had to vote against this didn’t they? Otherwise they’d effectively be saying they’re irrelevant?

There should have been the awareness of this anyway. Their principles are sort of all over the place since they couldn’t buy news shares - and that have doubled down on one part of them, which was to increase their ownership to 25% - largely ignoring the fact that there was no mechanism to do so - and certainly not consistent with one of thei other principles that money from buying shares should go to the club, no to the current owners of shares.

So they could have seen sense for the overall benefit of the club. Does having a single fans body owning 25% really feature large in what we all want for Hibs?

As I said earlier they have also specifically voted against the pre-emption rights resolution. This means, in this offer (it only last to the next AGM so is NOT about stopping future shares being sold to fans) they would have wanted existing shareholders to have been offered shares first, rather than the investors. A very disingenuous thing to do when you don’t have the cash to purchase those shares.

[Danderhall Hibs]

Surely they’d have to be counted? Otherwise what was the point in asking.

I’d have thought so - I was responding to the proxy question. I’m sure when they publish the voting numbers it’ll become clear what was counted.

[Kaiser_Sauzee]

I must’ve imagined our recent third place finish. Likewise the jambos relegation / demotion. Money is important in football, but having competent staff even more so.

Glad to see HSL voting against, in the interests of the clubs long term future.

We've finished 3rd twice in 20 years. This is the ultimate 'hibs it'.

[CapitalGreen]

I'm getting a tad confused over all this so I will ask one question.

Have HSL got enough power to stop the investment going ahead at the AGM?

Potentially if Leslie Robb votes against.

It will also likely be construed by observers that fans are against the investment. So expect some negative press on the back of this with the narrative presented that supporters do not back the new investment.

[scoopyboy]

Not on their own.

That's a helper.

Is there a chance other people can vote along with HSL to kybosh the investment?

[Brightside]

I’d have thought so - I was responding to the proxy question. I’m sure when they publish the voting numbers it’ll become clear what was counted.

I didn’t get an email with an option to vote via return email. Not sure if others did.

[Danderhall Hibs]

That's a helper.

Is there a chance other people can vote along with HSL to kybosh the investment?

I’m not sure on the %age needed to block this going through - sure someone will be able to confirm.

There’s been talk of the guy with around 10% being the kingmaker though so I’m assuming 25%.

[SickBoy32]

We've finished 3rd twice in 20 years. This is the ultimate 'hibs it'.

Aye, and we’ve also won the same number of trophies as hearts in that same period, despite them spending multiples of what we have.

Competent staff trumps everything, something that we’ve no really had a sniff of under the Gordon’s.

[JohnM1875]

I didn’t get an email with an option to vote via return email. Not sure if others did.

I did, aye.

Form was attached asking for or against for the two questions. Had to be completed and returned before the AGM.

Not great if it didn’t go out to every member.

[Danderhall Hibs]

I didn’t get an email with an option to vote via return email. Not sure if others did.

Not sure mate. I know someone who did reply to the invite with their voting intention.

[overdrive]

I don't think it will fall through.

The vote essentially hinges on one man now though which isn't a position I would like to be in. I'm sure Bydland and Black Knights were well aware it could come down to that and will have been fairly sure of his support before making the proposals they have.

If they haven't then more fool them, it's a glaring oversight. It won't have happened though, as I said on another thread the clarification on who owned the nominee shareholdings wasn't uncovered by accident.

Yep. That and Robb being involved with the Gordons and Hibs directors in the property LLP that somebody noticed on another thread.

[SickBoy32]

Surely no way you'd be happy we lost out on 12 million in investment this summer? We don't know how competent the staff we'd be getting are i think the football science and scouting from Bournemouth will be worth more than the cash we get personally.

One thing if our wage to income ratio is down to 65% and turnover going to break £15 million they've steadied the ship financially. I think the loans and Moriah-Welsh have helped already and will the rest of the season. The ability for us to send lads like Megwa and Murray Aitken to New Zealand and play in front of decent crowds against internationals would be great for their development too.

I can understand your opinion and the anger about the articles ect but stagnation or huge investment is a complete no brainer for me

Personally would be happy to forego this so called investment to secure the future of the club.

Is £12m really worth the gamble of allowing the club to be 100% owned by overseas financial speculators? Not for me.

[Bridge hibs]

I did, aye.

Form was attached asking for or against for the two questions. Had to be completed and returned before the AGM.

Not great if it didn’t go out to every member.I didnt get that email

[Danderhall Hibs]

Personally would be happy to forego this so called investment to secure the future of the club.

Is £12m really worth the gamble of allowing the club to be 100% owned by overseas financial speculators? Not for me.

How does knocking it back secure the future of the club?

[CapitalGreen]

Aye, and we’ve also won the same number of trophies as hearts in that same period, despite them spending multiples of what we have.

Competent staff trumps everything, something that we’ve no really had a sniff of under the Gordon’s.

We finished 3rd under the Gordon’s and have reached Hampden more regularly than at anytime in the last 50 years.

[Pretty Boy]

I’m not sure on the %age needed to block this going through - sure someone will be able to confirm.

There’s been talk of the guy with around 10% being the kingmaker though so I’m assuming 25%.

It is 25%. Standard practice for any special resolutions is that they require approval from 75% of shareholders.

This is the last time people will have to worry about this. After this passes, and it will, the fans as a collective own less than 25% so any vote against a special resolution is just a token gesture rather than potentially meaningful. From here on in the majority owners can essentially do what they want.

[Stairway 2 7]

How does knocking it back secure the future of the club?

It means we're still mostly owed by overseas investors who aren't happy and we've got an extra £6 million debt and haven't got £6 million investment

[SickBoy32]

We finished 3rd under the Gordon’s and have reached Hampden more regularly than at anytime in the last 50 years.

With Dempster running things, with a manager she’d appointed.

The Gordons quickly dismantled all of that to chase the £££

[RMQ1967]

How could I vote by proxy? I didn’t know anyone going. And unless I missed it there was not way to vote prior to the meeting?

The HSL website had all of the details of how you could have voted by proxy. https://hiberniansupporters.co.uk/hibernian-supporters-agm/


"If for any reason you are unable to attend the meeting on 22nd February, but would like to express your views by way of vote, please feel free to nominate a Proxy in your absence. Details of Proxy arrangements, and the resolutions set to be voted on by members, can be found here and should in the first instance be returned by email to [email protected] more than 48 hours before the meeting."


Essentially you would email the proxy form and the chairman submits it on your behalf:

I/We __________________________________________________ ___________________________
(FULL NAME[S] IN BLOCK CAPITALS)
being a member of the Company appoint the Chairman of the meeting or (see note 3):
__________________________________________________ ________________________________
(FULL NAME[S] IN BLOCK CAPITALS)
as my/our proxy to attend, speak and vote on my/our behalf at the General Meeting of the Company to be held on Thursday 22nd February at 7pm and at any adjournment of the meeting.
I/We direct my/our proxy to vote on the following resolutions as I/we have indicated by marking the appropriate box with an 'X'.

[TrinityHFC]

How does knocking it back secure the future of the club?

I think simplistically some think that having 25% of the shares in order to block special resolutions protects the club. It doesn’t. It can stop some stuff happening but in no way provides any protection against bad things happening to the club.

[Danderhall Hibs]

I think simplistically some think that having 25% of the shares in order to block special resolutions protects the club. It doesn’t. It can stop some stuff happening but in no way provides any protection against bad things happening to the club.

So knock it back and buy another 10% - is that the thinking?

Do they have the money for 10% and is anyone selling?

[ancient hibee]

It is 25%. Standard practice for any special resolutions is that they require approval from 75% of shareholders.

This is the last time people will have to worry about this. After this passes, and it will, the fans as a collective own less than 25% so any vote against a special resolution is just a token gesture rather than potentially meaningful. From here on in the majority owners can essentially do what they want.

As they have always done.

[CapitalGreen]

So knock it back and buy another 10% - is that the thinking?

Do they have the money for 10% and is anyone selling?

Based on the £20m valuation of the club from the Foley deal, HSl have enough in the bank for a 1.5% stake.

[Danderhall Hibs]

Based on the £20m valuation of the club from the Foley deal, HSl have enough in the bank for a 1.5% stake.

Wonder that the plan is then.

[Brightside]

Based on the £20m valuation of the club from the Foley deal, HSl have enough in the bank for a 1.5% stake.

300k gets you 1.5?

[Keepthefaith]

With Dempster running things, with a manager she’d appointed.

The Gordons quickly dismantled all of that to chase the £££

I find that really disrespectful to Ron Gordon. Ron was an astute businessman and knew that we had to attend to the infrastructure of the club to compete in the long run. However he also stayed true to the hibs community foundation and his family have done too. Ron IMO was a guy with true values, someone who actually really cared but who alongside that had passion and drive and who wouldn't let sentiment get in the way. To suggest he was chasing the money in coming to hibs is so disingenuous and downright wrong.

Sure he got things wrong, but was humble enough to acknowledge it. I think Leanne is being remembered through green tinted glasses... because of the cup win. Pretty sure there was a year under her we didn't get a shirt sponsor? I'm not knocking her, I liked her and she was good for the club at a time when we needed crisis management and I appreciate all she did. However let's not decry Ron's memory with some careless unfounded comment. You should be ashamed of yourself.

[RMQ1967]

Wonder that the plan is then.

Not really - if the resolution passes then HSL and other small shareholders have no rights to buy more shares. If the resolution doesn't pass (highly unlikely) then both resolutions have the following footnote To the extent this resolution is not passed, neither the Loan Conversion nor the BKFE Investment shall proceed.

This was discussed at some length as it indicates that the Gordons and the BK's would walk away from the investments but the feeling was that they are too far down the road to walk away at this stage and will be fairly certain of the resolutions passing with or without HSL support.

[flash]

This was the answer I got when I asked about the previous vote.

Well the amount of votes cast would be a start.

[Golden Bear]

Well the amount of votes cast would be a start.

Here here !!

[leith lynx]

I find that really disrespectful to Ron Gordon. Ron was an astute businessman and knew that we had to attend to the infrastructure of the club to compete in the long run. However he also stayed true to the hibs community foundation and his family have done too. Ron IMO was a guy with true values, someone who actually really cared but who alongside that had passion and drive and who wouldn't let sentiment get in the way. To suggest he was chasing the money in coming to hibs is so disingenuous and downright wrong.

Sure he got things wrong, but was humble enough to acknowledge it. I think Leanne is being remembered through green tinted glasses... because of the cup win. Pretty sure there was a year under her we didn't get a shirt sponsor? I'm not knocking her, I liked her and she was good for the club at a time when we needed crisis management and I appreciate all she did. However let's not decry Ron's memory with some careless unfounded comment. You should be ashamed of yourself.

Well said.

[18Craig75]

What a disaster HSL has been from the start. A vehicle set up to help and supplement the club has ended up working against it. Even earlier in the thread members asking what they’d get in return for putting more money into the club…what you’d hope to get in return is a better team on the park, no? Since when has that not been enough for Hibs fans.

I’m sure the motion will still pass, I hope so anyway. If it doesn’t I wouldn’t be surprised if The Gordon family chucked in the towell. Where would that leave us? Perhaps that became HSL’s goal somewhere down the line. Given how HSL has been run over the years having them anywhere near the running of the club is frankly terrifying to me, I wouldn’t trust them to run a bath.

This is going to be portrayed in the media as “Hibs fans against investment”. Utterly embarrassing and I hope BK group pay little attention to it.

[RoxburghHibs]

That’s my HSL monthly DD cancelled after hearing this.

[TrinityHFC]

Not really - if the resolution passes then HSL and other small shareholders have no rights to buy more shares. If the resolution doesn't pass (highly unlikely) then both resolutions have the following footnote To the extent this resolution is not passed, neither the Loan Conversion nor the BKFE Investment shall proceed.

This was discussed at some length as it indicates that the Gordons and the BK's would walk away from the investments but the feeling was that they are too far down the road to walk away at this stage and will be fairly certain of the resolutions passing with or without HSL support.

That’s now what resolution 5 means.

There is currently no method for any shareholders to purchase new shares.

The transactions being presented include the authority to issue new shares - that only needs the current owners to vote for it.

Resolution 5 is a technical one but it means that it is asking current shareholders to dispense with the right to be offered to purchase the new shares that are being issued before being offered to anyone else. That dispensation runs out, if approved, at the next AGM.

It is not saying that there will again be the option for anyone to buy shares.

Perhaps the guy with 10% might be good for a couple of million but there isn’t a hope HSL and the other shareholders have the £4m or so ready now to buy those shares. And if they did, for what? To be in the same position without the link up with the BK group?

[flash]

That’s my HSL monthly DD cancelled after hearing this.

Mine too sadly.

[matty_f]

That’s my HSL monthly DD cancelled after hearing this.

Can I ask why? HSL just do what the members voted for, unless it was unanimous then they were always going to disappoint some people with the result, but they are just acting on the majority of those that voted.

[May21/05/216]

That’s my HSL monthly DD cancelled after hearing this.I've stopped my contributions as well

Sent from my SM-A908B using Tapatalk

[shamo9]

Just cancelled my HSL sub.

[hibee1875]

Cancelled mines when the Foley deal was passed by the sfa. Would be interesting to know the rate of cancellations

[flash]

Can I ask why? HSL just do what the members voted for, unless it was unanimous then they were always going to disappoint some people with the result, but they are just acting on the majority of those that voted.

Personally it's because they represent the complete opposite of what I want for the club right now.

[Golden Bear]

I've contributed in the past but absolutely no chance that I will be in the future. My connection to the Club will continue as a small shareholder.

[Pagan Hibernia]

I would assume those cancelling were aware that HSL have not been sending donations to the club for quite some time. If so, and you continued to contribute until now, what for? What was your hope for your monthly donation?

[Stairway 2 7]

Can I ask why? HSL just do what the members voted for, unless it was unanimous then they were always going to disappoint some people with the result, but they are just acting on the majority of those that voted.

I've cancelled as my love is for Hibs and what's best for them. I'm not bothered about HSL as an entity I was only interested in them as a vehicle to further hibs. I'm sure they are well meaning but I just want the money to go to hibs . People disagree but I would like an option to put money into hibs each month like like 6000 ****bos do

People disagree with giving money to the club when they are owed by billionaires but to me I'm not giving it to them I'm furthering a thing I love. Hibs aren't like another company I wouldn't give my favourite beer company or cinema a penny without something in return but if I win £10 million in the lottery tomorrow I'll give hibs £5 million without wanting anything.

It's illogical but I guess hibs is my religion. My mum puts in money into the collection at Chapel on a Sunday even though the Vatican is covered in gold. I'm the same with hibs and so is my dad, my grandad was and his dad too. I think of them each time we beat the ****bos or sing sunshine on leith. This deal I believe is the best way to make more days like that happen imo. Me and HSL have to great a distance for me to send my money

[500miles]

I started paying into HSL about a year ago, but don't think I had met the threshold to vote yet.

I pay in as a means of supporting the club over and above my season ticket and the related community activity. However, as a vehicle for fan ownership, it's an abject failure. That's fine, I don't really buy in to the concept.

I would like to know what turnout for the vote was like and what proportion of that turn out is against the investment. If this is a handful of people clinging on to the fan ownership fantasy, I'll be cancelling my payment.

[Stairway 2 7]

I would assume those cancelling were aware that HSL have not been sending donations to the club for quite some time. If so, and you continued to contribute until now, what for? What was your hope for your monthly donation?

I've been asking them for years for an option online to say where your money goes I thought that would be sensible, even a % of your donation to hibs the rest to fighting fund.

I think it's clear now that they money will just go to charity after the deal goes through. I do sincerely appreciate their efforts though

[Pagan Hibernia]

I started paying into HSL about a year ago, but don't think I had met the threshold to vote yet.

I pay in as a means of supporting the club over and above my season ticket and the related community activity. However, as a vehicle for fan ownership, it's an abject failure. That's fine, I don't really buy in to the concept.

I would like to know what turnout for the vote was like and what proportion of that turn out is against the investment. If this is a handful of people clinging on to the fan ownership fantasy, I'll be cancelling my payment.

Why would you be continuing to pay anyway? It's clear the money isn't going to hibs in either case

[SickBoy32]

I find that really disrespectful to Ron Gordon. Ron was an astute businessman and knew that we had to attend to the infrastructure of the club to compete in the long run. However he also stayed true to the hibs community foundation and his family have done too. Ron IMO was a guy with true values, someone who actually really cared but who alongside that had passion and drive and who wouldn't let sentiment get in the way. To suggest he was chasing the money in coming to hibs is so disingenuous and downright wrong.

Sure he got things wrong, but was humble enough to acknowledge it. I think Leanne is being remembered through green tinted glasses... because of the cup win. Pretty sure there was a year under her we didn't get a shirt sponsor? I'm not knocking her, I liked her and she was good for the club at a time when we needed crisis management and I appreciate all she did. However let's not decry Ron's memory with some careless unfounded comment. You should be ashamed of yourself.

Don’t think there was anything personal or disrespectful at all to be honest. The Gordons arrived, and we finished 3rd in their first season, largely due to the work of Dempster and Ross. Cue a change of CEO, a massive pivot in our transfer strategy (aimed at increasing our income through buy cheap youth, sell high). A naive strategy IMO, and has burdened us with a lot of ***** players on long contracts which we’re still trying to recover from.

As for a lack of shirt sponsor, with an exciting team on the park being used to dig out Dempster 😂 She wasn’t perfect, but far better than the current incumbents in terms of running a football club. Would love us to get back to that rather than watching 1000s of adverts flash round ER, whilst we’re getting cuffed.

Thanks for your input, but certainly not ashamed of myself for that post.

[Alex Trager]

There should have been the awareness of this anyway. Their principles are sort of all over the place since they couldn’t buy news shares - and that have doubled down on one part of them, which was to increase their ownership to 25% - largely ignoring the fact that there was no mechanism to do so - and certainly not consistent with one of thei other principles that money from buying shares should go to the club, no to the current owners of shares.

So they could have seen sense for the overall benefit of the club. Does having a single fans body owning 25% really feature large in what we all want for Hibs?

As I said earlier they have also specifically voted against the pre-emption rights resolution. This means, in this offer (it only last to the next AGM so is NOT about stopping future shares being sold to fans) they would have wanted existing shareholders to have been offered shares first, rather than the investors. A very disingenuous thing to do when you don’t have the cash to purchase those shares.

The fans as a whole having a seat on the board protects the club, so I would absolutely say it has the clubs interest at heart.

[Stairway 2 7]

Don’t think there was anything personal or disrespectful at all to be honest. The Gordons arrived, and we finished 3rd in their first season, largely due to the work of Dempster and Ross. Cue a change of CEO, a massive pivot in our transfer strategy (aimed at increasing our income through buy cheap youth, sell high). A naive strategy IMO, and has burdened us with a lot of ***** players on long contracts which we’re still trying to recover from.

As for a lack of shirt sponsor, with an exciting team on the park being used to dig out Dempster 😂 She wasn’t perfect, but far better than the current incumbents in terms of running a football club. Would love us to get back to that rather than watching 1000s of adverts flash round ER, whilst we’re getting cuffed.

Thanks for your input, but certainly not ashamed of myself for that post.

Nah your rewriting what you said you said Ron was chasing the £££. I firmly believe he wanted the best for the club he thought that was through increasing turnover. It was something like £10 million when he took over and it looks like his plans will help us break £15 million this year. He cared about the community foundation and hibs in my opinion.

You also dismiss his son's and wife dropping their shareholding from 67% to 60% in exchange for £6 million. Its not fair on them. I'd be much more worried if they were not involved going forward as I fully believe they wouldn't let us be harmed

[Alex Trager]

I find that really disrespectful to Ron Gordon. Ron was an astute businessman and knew that we had to attend to the infrastructure of the club to compete in the long run. However he also stayed true to the hibs community foundation and his family have done too. Ron IMO was a guy with true values, someone who actually really cared but who alongside that had passion and drive and who wouldn't let sentiment get in the way. To suggest he was chasing the money in coming to hibs is so disingenuous and downright wrong.

Sure he got things wrong, but was humble enough to acknowledge it. I think Leanne is being remembered through green tinted glasses... because of the cup win. Pretty sure there was a year under her we didn't get a shirt sponsor? I'm not knocking her, I liked her and she was good for the club at a time when we needed crisis management and I appreciate all she did. However let's not decry Ron's memory with some careless unfounded comment. You should be ashamed of yourself.

Don’t think there is anything disrespectful at all in the comment you have quoted.

Questioning people’s decisions is not disrespectful.

Going over Dempster again has been done to death so I’ll leave that.

Not directed at you here but people saying HSL are acting against the interests of Hibs are way off the mark.

They (a decision made by their members) are acting in the interest of the long term future of the club. They want the fans to have a meaningful seat on the board, to stop the likes of Romanov coming in and running roughshod. The way this new investment is being brought into the club demolishes that.

HSL was set up to get a seat on the board. That remains their intention. It changed during Covid to support the club but has since returned to its original intention.

[18Craig75]

I've cancelled as my love is for Hibs and what's best for them. I'm not bothered about HSL as an entity I was only interested in them as a vehicle to further hibs. I'm sure they are well meaning but I just want the money to go to hibs . People disagree but I would like an option to put money into hibs each month like like 6000 ****bos do

People disagree with giving money to the club when they are owed by billionaires but to me I'm not giving it to them I'm furthering a thing I love. Hibs aren't like another company I wouldn't give my favourite beer company or cinema a penny without something in return but if I win £10 million in the lottery tomorrow I'll give hibs £5 million without wanting anything.

It's illogical but I guess hibs is my religion. My mum puts in money into the collection at Chapel on a Sunday even though the Vatican is covered in gold. I'm the same with hibs and so is my dad, my grandad was and his dad too. I think of them each time we beat the ****bos or sing sunshine on leith. This deal I believe is the best way to make more days like that happen imo. Me and HSL have to great a distance for me to send my money

Couldn’t have said it better myself!

[CapitalGreen]

The fans as a whole having a seat on the board protects the club, so I would absolutely say it has the clubs interest at heart.

The fans as a whole wouldn’t have a seat on the board, HSL members would and as we have seen from this vote, their views aren’t necessarily shared by all fans.

[SickBoy32]

Nah your rewriting what you said you said Ron was chasing the £££. I firmly believe he wanted the best for the club he thought that was through increasing turnover. It was something like £10 million when he took over and it looks like his plans will help us break £15 million this year. He cared about the community foundation and hibs in my opinion.

You also dismiss his son's and wife dropping their shareholding from 67% to 60% in exchange for £6 million. Its not fair on them. I'd be much more worried if they were not involved going forward as I fully believe they wouldn't let us be harmed

I said he dismantled an effective setup to chase the £££ aye.

A CEO who finally had us punching our weight, (with a good track record of appointing managers), was replaced by a glorified sales manager (who has proven to not have a clue what a good manager looks like) - a football dept who helped to bring together some really good Hibs teams was binned to allow Ian Gordon to take over recruitment, **** knows what the thinking was there...

Aye the Gordons are now writing off debt (accrued under their watch) - IMO this is a gamble from them in the hope their reduced % will yield higher returns.

I’ll leave it at that as don’t want to derail the thread further.

[CapitalGreen]

Not directed at you here but people saying HSL are acting against the interests of Hibs are way off the mark.

They (a decision made by their members) are acting in the interest of the long term future of the club. They want the fans to have a meaningful seat on the board, to stop the likes of Romanov coming in and running roughshod. The way this new investment is being brought into the club demolishes that.


If Hearts had a HSL equivalent on their board back when they sold to Romanov do you think they would have voted against his investment in favour of the alternative proposal of moving to Murrayfield?

[Alex Trager]

If Hearts had a HSL equivalent on their board back when they sold to Romanov do you think they would have voted against his investment in favour of the alternative proposal of moving to Murrayfield?

We’ve got the benefit of seeing what Romanov done to Hearts.

If they had had a seat on the board, they perhaps would have stopped it getting to a point where they needed to move to Murrayfield.

[Lago]

I find that really disrespectful to Ron Gordon. Ron was an astute businessman and knew that we had to attend to the infrastructure of the club to compete in the long run. However he also stayed true to the hibs community foundation and his family have done too. Ron IMO was a guy with true values, someone who actually really cared but who alongside that had passion and drive and who wouldn't let sentiment get in the way. To suggest he was chasing the money in coming to hibs is so disingenuous and downright wrong.

Sure he got things wrong, but was humble enough to acknowledge it. I think Leanne is being remembered through green tinted glasses... because of the cup win. Pretty sure there was a year under her we didn't get a shirt sponsor? I'm not knocking her, I liked her and she was good for the club at a time when we needed crisis management and I appreciate all she did. However let's not decry Ron's memory with some careless unfounded comment. You should be ashamed of yourself.
Excellent post, excellent.

[flash]

I would assume those cancelling were aware that HSL have not been sending donations to the club for quite some time. If so, and you continued to contribute until now, what for? What was your hope for your monthly donation?

Was contributing more out of habit than anything.

[The Spaceman]

What a car crash this is turning into for HSL.

[scoopyboy]

Was contributing more out of habit than anything.

I'm the same flash.

Been donating £18.75 a month since the start but I can see it coming to a halt very shortly.

I've never really grumped about Hibs underachieving in the 56 years I have supported the club because simply going to the games gives me a buzz.

At 64 years of age there is a possibility we could be embarking on a great adventure and I would be furious if HSL stopped this from happening. It's hard enough trying to compete with other clubs without our own supporters making it even harder.

[Keepthefaith]

I said he dismantled an effective setup to chase the £££ aye.

A CEO who finally had us punching our weight, (with a good track record of appointing managers), was replaced by a glorified sales manager (who has proven to not have a clue what a good manager looks like) - a football dept who helped to bring together some really good Hibs teams was binned to allow Ian Gordon to take over recruitment, **** knows what the thinking was there...

Aye the Gordons are now writing off debt (accrued under their watch) - IMO this is a gamble from them in the hope their reduced % will yield higher returns.

I’ll leave it at that as don’t want to derail the thread further.

Your insinuation was that he was chasing the money and such didn't care about hibs, that's what I am challenging you on. Hiring managers is a lottery, you can't really say Leanne has this sussed if you look at her record at Queens park!

I don't want to derail the thread either so I'll leave it there but I'll always speak up when the integrity of good people is being questioned.

[TrinityHFC]

The fans as a whole wouldn’t have a seat on the board, HSL members would and as we have seen from this vote, their views aren’t necessarily shared by all fans.

There’s nothing to say that HSL would get a seat on the board even if they reached their goal, which they won’t anyway.

[A Hi-Bee]

I'm the same flash.

Been donating £18.75 a month since the start but I can see it coming to a halt very shortly.

I've never really grumped about Hibs underachieving in the 56 years I have supported the club because simply going to the games gives me a buzz.

At 64 years of age there is a possibility we could be embarking on a great adventure and I would be furious if HSL stopped this from happening. It's hard enough trying to compete with other clubs without our own supporters making it even harder.

Same here, after around 5 years of paying in, don't see the relevance now, while it is a democracy, its a bit like petulant kids not getting their way so F--K you all.
I did not hear what their alternative in this century would be, same old same old or worse.
GGTTH

[El Gubbz]

There’s nothing to say that HSL would get a seat on the board even if they reached their goal, which they won’t anyway.

20% shareholding buys you a seat - 2 seats if you’re a black knight supposedly

[Pagan Hibernia]

Same here, after around 5 years of paying in, don't see the relevance now, while it is a democracy, its a bit like petulant kids not getting their way so F--K you all.
I did not hear what their alternative in this century would be, same old same old or worse.
GGTTH

I respect your view. Mine is that the 'petulant kids' are those who had a vote, for whatever reason didn't bother their arse using it, and are now ranting and raving because they don't agree with those who did vote. Not that any of it will matter in the long run.

[TrinityHFC]

20% shareholding buys you a seat - 2 seats if you’re a black knight supposedly

No it doesn’t. The owners appoint the Board. The new articles if approved also describe the ability of the investors to appoint Directors.

There’s no mechanism for a specific percentage for minor shareholders to have a Board seat.

[blackpoolhibs]

I'm the same flash.

Been donating £18.75 a month since the start but I can see it coming to a halt very shortly.

I've never really grumped about Hibs underachieving in the 56 years I have supported the club because simply going to the games gives me a buzz.

At 64 years of age there is a possibility we could be embarking on a great adventure and I would be furious if HSL stopped this from happening. It's hard enough trying to compete with other clubs without our own supporters making it even harder.

100% Spot on. :top marks

[TrinityHFC]

I respect your view. Mine is that the 'petulant kids' are those who had a vote, for whatever reason didn't bother their arse using it, and are now ranting and raving because they don't agree with those who did vote. Not that any of it will matter in the long run.

It’s the nature of these things. Those wanting HSL to vote against are naturally a bit more motivated to vote.

I think the HSL governance is a bit all over the place. Their website is full of contradictions, the way they’ve chosen to interact only on these 2 resolutions over the years they’ve been in place is sketchy and it has been quite clear the views of those running HSL. Ultimately it is a small number of people, even in relation to the HSL membership as a whole who are able to influence the vote of a decent percentage of Hibs share register. There comes a a bit of responsibility with that but I don’t think the way they decide how to vote is hugely clear or informed governance wise.

[Pagan Hibernia]

It’s the nature of these things. Those wanting HSL to vote against are naturally a bit more motivated to vote.

I think the HSL governance is a bit all over the place. Their website is full of contradictions, the way they’ve chosen to interact only on these 2 resolutions over the years they’ve been in place is sketchy and it has been quite clear the views of those running HSL. Ultimately it is a small number of people, even in relation to the HSL membership as a whole who are able to influence the vote of a decent percentage of Hibs share register. There comes a a bit of responsibility with that but I don’t think the way they decide how to vote is hugely clear or informed governance wise.

Why? Why were HSL members who desperately want the deal to happen, and its clear there are many of them, not motivated enough to vote for it?

[B.H.F.C]

Why? Why were HSL members who desperately want the deal to happen, and its clear there are many of them, not motivated enough to vote for it?

I’d hazard a guess a lot of it is down to lack of understanding. A lot of people would have read the investment is approved etc and probably don’t understand the implications of voting / not voting and the potential impact of HSL saying no.

[TrinityHFC]

Why? Why were HSL members who desperately want the deal to happen, and its clear there are many of them, not motivated to vote for it?

It’s just the way it is. It is not likely to make a difference so it is a bit of a protest vote. The fact that these resolutions have been picked for a vote is leading and the Chairman made his views quite clear on TV.

It is a bit like complaints/reviews. People are much more motivated to do so if they’ve had a bad experience.

Would be sensible to have some sort of threshold but doesn’t appear that there is.

[jakeshibs]

I sincerely hope that we manage to secure the much needed investment as we have underperformed for so many years and been unable to match the finance of our nasty neighbours, who receive a lot from their benefactor and supporters that we have never been able to match, yet we then blame the Gordons for not speeding more when we must shoulder some responsibility

fingers crossed we secure this investments as 51 years following the Hibs, I was stating to get excited

[El Gubbz]

No it doesn’t. The owners appoint the Board. The new articles if approved also describe the ability of the investors to appoint Directors.

There’s no mechanism for a specific percentage for minor shareholders to have a Board seat.

Apologies - confusion comes from what was offered to HSL at the last share issue. That’s clearly been trumped (and some) since

Article on it here: https://theedinburghreporter.co.uk/2015/01/hibernian-supporters-limited-delight-at-fan-response/

[May21/05/216]

I'm the same flash.

Been donating £18.75 a month since the start but I can see it coming to a halt very shortly.

I've never really grumped about Hibs underachieving in the 56 years I have supported the club because simply going to the games gives me a buzz.

At 64 years of age there is a possibility we could be embarking on a great adventure and I would be furious if HSL stopped this from happening. It's hard enough trying to compete with other clubs without our own supporters making it even harder.Agree I'm like you been donating from the start but I ve cancelled my donations

Sent from my SM-A908B using Tapatalk

[Radium]

I must admit that I am surprised that so many people who actively wanted HSL to support the special resolutions didn’t vote but it is symptomatic of how the club have played this. Everyone thinks it’s done.

Limited messaging, talks of multi million pound investment in random interviews. Media piece with a former colleague. All a bit Razzle Dazzle.

Dry resolutions around increasing to 280M shares, technical changes to articles and a promise of jam tomorrow.

FWIW I think that the club should have engaged with HSL (and the 4000 fans it represents) and been bothered enough to turn up at the start of the night. Not to sate the ego of anyone in the room but my feeling was of a group of fans who had genuine questions around what the journey is. Irrespective of the proxy’s, there were 60 folk in the room that could have been brought on board but rather we were left to consider the implications of the end of fan involvement in running the club.

As it stands it’s
67% for/ 14% against
the special resolutions.

I would be astonished if the club don’t have assurances on the 10% holding and hope that is based on an understanding of the plans that HSL members were not privy to before making a decision on how the 14% shareholding would be voting.


Sent from my iPhone using Tapatalk

[Hibbyradge]

I'm the same flash.

Been donating £18.75 a month since the start but I can see it coming to a halt very shortly.

I've never really grumped about Hibs underachieving in the 56 years I have supported the club because simply going to the games gives me a buzz.

At 64 years of age there is a possibility we could be embarking on a great adventure and I would be furious if HSL stopped this from happening. It's hard enough trying to compete with other clubs without our own supporters making it even harder.

I could have posted that exactly, in its entirety. HSL won't be getting any more £18.75s from me.

It's a shame that it's come to this, but given that there is zero prospect of any more shares becoming available, there's not much point in continuing to top up the bank balance.

[RMQ1967]

What a car crash this is turning into for HSL.

The unfortunate thing is that the HSL directors are all passionate Hibs fans who all want success for the club as well as doing the right thing for HSL.

I didn't know any of them and went along to hear the discussions and cast my vote but also to see the character of the guys that are running HSL. All seemed thoroughly decent and knowledgeable guys that have probably spent may hundreds or thousands of hours working in the best interests of HSL over the past 7 or 8 years. Impossible to think there's not an emotional attachment to the HSL cause after being so close to it after all these years.

Although I'm disappointed with the outcome of the vote, some of the slurs on the knowledge & motives of the guys is pretty out of order. To be fair I had a pop on here about what I though of Jim Aidies' interview - having seen & heard him I have a different opinion and in future need to consider if I might be talking a lot of sh** about someone before I write it down.

Shame that more people didn't get along last night as it was a very interesting meeting with good folk and decent points being made and I think people would have come away with a slightly different perspective on things even if ultimately, the vote didn't go their way.

[Henderson2Del]

Surely a real question should be aimed at the club chairman here, why has he not had meaningful dialogue with such a large shareholder? Very poor form by the club and chairman. Like them or not hsl are a large shareholder

[Gloucester Hibs]

Surely a real question should be aimed at the club chairman here, why has he not had meaningful dialogue with such a large shareholder? Very poor form by the club and chairman. Like them or not hsl are a large shareholder

Seems like they got the boy Robb onside and called it a day at that. A shame they didn’t bother doing a charm offensive on HSL to set some minds at ease, as IMO the optics don’t look great with HSL voting against.

[TrinityHFC]

Surely a real question should be aimed at the club chairman here, why has he not had meaningful dialogue with such a large shareholder? Very poor form by the club and chairman. Like them or not hsl are a large shareholder

Who would the Chairman speak with? Doesn’t seem like the HSL leadership has any mandate as they will go with what members vote.

[Stairway 2 7]

Who knows but I’ll try a wild stab at it and suggest the Chair of HSl might have been a good place to start finding out.

Stop squealing, you’re 100% certain the ownership will get what they want regardless of HSL, so calm down and stop talking mince.

We've managed pages of a subject that brings a lot of emotions without any personal insults yet..

[McD]

Who knows but I’ll try a wild stab at it and suggest the Chair of HSl might have been a good place to start finding out.

Stop squealing, you’re 100% certain the ownership will get what they want regardless of HSL, so calm down and stop talking mince.



Easy buddy

[Brightside]

20% shareholding buys you a seat - 2 seats if you’re a black knight supposedly

That’s not correct.

[CentreLine]

Why would you be continuing to pay anyway? It's clear the money isn't going to hibs in either case

Oddly, this was part of the discussion last night. I may get this a little wrong but my understanding was that it is possible to take the views of each individual member of HSL and direct their payment accordingly, within the articles of association. These, in turn, can be altered and changed at any future general meeting should that be required to reflect changing views of members. Right now the articles make the principal function of HSL to accumulate funds with a view to purchasing shares in HFC, as or when they become available to purchase.

HSL is a members organisation and seems fully committed to represent the wishes of that membership based on a vote open to all members. Last night was the first time I have attended one of the AGMs and I thought it offered the opportunity for broad discussion. I would say there were about fifty/sixty or so people there.

[MagicSwirlingShip]

So HSL (or at least a percentage of HSL members) have voted not in favour of the Black Knight investment because they won’t be able to buy shares in thefuture, when they can’t buy shares currently anyway?

Is that the jist of it?

[RMQ1967]

So HSL (or at least a percentage of HSL members) have voted not in favour of the Black Knight investment because they won’t be able to buy shares in the future, when they can’t buy shares currently anyway?

Is that the jist of it?

The vote was not about accepting or rejecting the Black Knight investment - it was about the right for HSL to have the option to buy shares in the upcoming issue. They won't have this option if Resolution 5 passes.

Even if they did have the option & did buy more shares I'm not sure it gives HSL any benefit.

[CentreLine]

It’s just the way it is. It is not likely to make a difference so it is a bit of a protest vote. The fact that these resolutions have been picked for a vote is leading and the Chairman made his views quite clear on TV.

It is a bit like complaints/reviews. People are much more motivated to do so if they’ve had a bad experience.

Would be sensible to have some sort of threshold but doesn’t appear that there is.

The HSL directors made it clear that there was no vote proposed on any of the other club proposals as these only required to exceed 50% and the club major shareholding already significantly exceeds that. The only proposals that other shareholders could influence were the special resolutions that require a 75% majority.

[Brightside]

So HSL (or at least a percentage of HSL members) have voted not in favour of the Black Knight investment because they won’t be able to buy shares in thefuture, when they can’t buy shares currently anyway?

Is that the jist of it?

In the “future” is wrong. In this sale of shares is what it covers. That’s what trinity keeps pointing out.

[MagicSwirlingShip]

In the “future” is wrong. In this sale of shares is what it covers. That’s what trinity keeps pointing out.

Thanks both. Sorry I struggle to take in information after a certain time of night and after a certain dose of Ribena

[CapitalGreen]

With the announcement that HSL will be represented on the new Hibs Supporters Panel.

Will it be put to HSL members to decide who they wish to represent them on the panel?

[chippy]

With the announcement that HSL will be represented on the new Hibs Supporters Panel.

Will it be put to HSL members to decide who they wish to represent them on the panel?

Surely that would be one of the guys doing all the heavy lifting fir HS as a member im quite happy fir then to decide among themselves

[Green Reaper]

Is there a login issue again with hsl as I can't seem to login?

[wallpaperman]

How much cash do HSL have in the bank now, and what are the ultimate plans for it? Other than spending it on hospitality, what is happening?

[Glory Lurker]

How much cash do HSL have in the bank now, and what are the ultimate plans for it? Other than spending it on hospitality, what is happening?

Are you a member of HSL? It's the AGM on Monday so you could ask then.

[CentreLine]

Are you a member of HSL? It's the AGM on Monday so you could ask then.

Not just ask, it’ll be on the paperwork. In the circumstances it’s quite an odd question to need to ask.

In fact it seems there are some places available on the HSL board. Perhaps Wallpaperman could apply to fill a space then all of his questions would be answers in real time.

[Bridge hibs]

Not just ask, it’ll be on the paperwork. In the circumstances it’s quite an odd question to need to ask.

In fact it seems there are some places available on the HSL board. Perhaps Wallpaperman could apply to fill a space then all of his questions would be answers in real time.

Yep and if he isnt happy he could give them a pasting

[CentreLine]

Yep and if he isnt happy he could give them a pasting

You’re on a roll now. Maybe even tear them off a strip.

[wallpaperman]

I paid from the start, full member with certificate thingy from memory.

I stopped paying a year or so back, I could see no clear strategy going forward other than banking money for a day that will probably never come. I assume money is still being accumulated to this day by people who continue to contribute.

[wallpaperman]

I see the pun patrol are now out and about, the most tedious posts on Hibs net.

[Daniel 1875]

I paid from the start, full member with certificate thingy from memory.

I stopped paying a year or so back, I could see no clear strategy going forward other than banking money for a day that will probably never come. I assume money is still being accumulated to this day by people who continue to contribute.

We’ve put more than £200,000 into the club in the last 12 months. And we plan to update members on potential plans for next year at the AGM.

Come along on Monday evening if you’re able, or drop us an email for the details to join online. It’d be great to have you involved.

[flash]

I see the pun patrol are now out and about, the most tedious posts on Hibs net.

Agreed. They are painting you in a bad light.

[Bridge hibs]

I see the pun patrol are now out and about, the most tedious posts on Hibs net.

Lighten up man, its easy to just brush it off

[wallpaperman]

Comedy gold.

[GreenNWhiteArmy]

Lighten up man, its easy to just brush it off

You're on a roll(er)

[MKHIBEE]

I see the pun patrol are now out and about, the most tedious posts on Hibs net.

Nah, that will be the cut and paste ones

[CentreLine]

I paid from the start, full member with certificate thingy from memory.

I stopped paying a year or so back, I could see no clear strategy going forward other than banking money for a day that will probably never come. I assume money is still being accumulated to this day by people who continue to contribute.

The day did come though and HSL were able to contribute in the last share issue earlier this year, thanks to continuing member payments. Despite HSL having had shares diluted, we, that’s you and me and many others, as members of HSL are still the third largest shareholder in the club. After the Gordons and the Black Knight Group.

When the Gordons took over we members, including yourself I’d expect, were democratically asked our opinion about the way forward. If I remember correctly, it came down in a split between, ensuring funds continued to be collected for the day shares became available again and secondly, for some funds to be regularly directed in to the club.

Whilst still building a pot for shares, HSL decided that an appropriate way to give funds in to the club was to purchase a table in the Pioneers Lounge corporate experience.

The board, despite all being paying members, immediately voluntarily removed themselves from taking personal advantage of this facility but created a draw for contributing HSL members to be able to enter. The draw takes place before every home game and every HSL member, still making monthly contributions, can enter the draw to have a place, along with a guest, at that table in the Pioneers Lounge for that game. Once you have won it then you cannot win again until the following season.

It is a seriously good benefit to being a paying HSL member and you might consider it. Every paying member has a very good chance of winning and I have been lucky to win it in each of the last two seasons. I highly recommend it.

HSL are independent as a club shareholder and a great part of the story of our club. Their presence offers a small but important security to supporters, should things go wrong but also an avenue for assisting in the club’s potential for success in the present.

That said, that can only happen if members continue or restart contributing monthly. A growing membership is also hugely important and, for those who can afford a small contribution per month, there is no time like the present to consider it and get involved. Other share offers will come along and HSL needs its paying membership in order to grow its influence on our behalf.

[oldbutdim]

Is there a login issue again with hsl as I can't seem to login?

I can't log in either.

:confused:

[Glasgowhibby95]

I'm now having login issues again for the second time in the past 3 months. Can this be addressed please?

[Daniel 1875]

I'm now having login issues again for the second time in the past 3 months. Can this be addressed please?

The web developer is trying to resolve this issue today.

[Glasgowhibby95]

The web developer is trying to resolve this issue today.

Thanks for the swift response Daniel.

[duffers]

The web developer is trying to resolve this issue today.

When does the draw for the Dundee game close? I’m having the same issue so struggling to enter

[linlithgowhibbie]

The day did come though and HSL were able to contribute in the last share issue earlier this year, thanks to continuing member payments. Despite HSL having had shares diluted, we, that’s you and me and many others, as members of HSL are still the third largest shareholder in the club. After the Gordons and the Black Knight Group.

When the Gordons took over we members, including yourself I’d expect, were democratically asked our opinion about the way forward. If I remember correctly, it came down in a split between, ensuring funds continued to be collected for the day shares became available again and secondly, for some funds to be regularly directed in to the club.

Whilst still building a pot for shares, HSL decided that an appropriate way to give funds in to the club was to purchase a table in the Pioneers Lounge corporate experience.

The board, despite all being paying members, immediately voluntarily removed themselves from taking personal advantage of this facility but created a draw for contributing HSL members to be able to enter. The draw takes place before every home game and every HSL member, still making monthly contributions, can enter the draw to have a place, along with a guest, at that table in the Pioneers Lounge for that game. Once you have won it then you cannot win again until the following season.

It is a seriously good benefit to being a paying HSL member and you might consider it. Every paying member has a very good chance of winning and I have been lucky to win it in each of the last two seasons. I highly recommend it.

HSL are independent as a club shareholder and a great part of the story of our club. Their presence offers a small but important security to supporters, should things go wrong but also an avenue for assisting in the club’s potential for success in the present.

That said, that can only happen if members continue or restart contributing monthly. A growing membership is also hugely important and, for those who can afford a small contribution per month, there is no time like the present to consider it and get involved. Other share offers will come along and HSL needs its paying membership in order to grow its influence on our behalf.

Well said, great reply/information.

[Daniel 1875]

When does the draw for the Dundee game close? I’m having the same issue so struggling to enter

It’s not open yet due to the issues we’ve had over the last couple of days - as soon as it’s live we’ll send an email out to let everyone know.

[Green Reaper]

Login still not fixed? Not leaving much time for the Dundee hospitality draw.

[Daniel 1875]

Login still not fixed? Not leaving much time for the Dundee hospitality draw.

Frustratingly yes. We’ll send an email out around lunchtime either confirming it’s sorted or with a link to a back up form for Sunday’s game.

[Daniel 1875]

We are back up and running - email going to everyone on the mailing list just now. Pioneers draw open until 5pm tomorrow.

Thanks for your patience.

AGM summary from Monday available below too:

https://hiberniansupporters.co.uk/agm-summary-2025/

[Brianmcd]

I am a lapsed member who would like to start contributing again. The website seems to hang when I try and donate. Can anyone help. Thanks.

[Daniel 1875]

I am a lapsed member who would like to start contributing again. The website seems to hang when I try and donate. Can anyone help. Thanks.

Hi Brian, drop us an email if you get a chance and we’ll get this sorted.

[linlithgowhibbie]

I am a lapsed member who would like to start contributing again. The website seems to hang when I try and donate. Can anyone help. Thanks.


Well done mate, hope you are the first of many!:thumbsup:

[Daniel 1875]

Dundee Pioneers winners have just received the good news via email - please check your inbox if you opted in.

[cabbageandribs1875]

Hibernian Supporters (HSL): "🆕 | We are delighted to confirm Scott Millar has joined the Hibernian Supporters board, following a successful nomination at our AGM earlier this week. 🗣️ “I want people to ‘get’ why they should become a member.” Hear more from Scott: 👉 hiberniansupporters.co.uk/scott-millar... #ClubTogether" — Bluesky (https://bsky.app/profile/hfcsupporters.bsky.social/post/3lmjitgh5hs26)

[matty_f]

Hibernian Supporters (HSL): "🆕 | We are delighted to confirm Scott Millar has joined the Hibernian Supporters board, following a successful nomination at our AGM earlier this week. 🗣️ “I want people to ‘get’ why they should become a member.” Hear more from Scott: 👉 hiberniansupporters.co.uk/scott-millar... #ClubTogether" — Bluesky (https://bsky.app/profile/hfcsupporters.bsky.social/post/3lmjitgh5hs26)
Scott’s a good guy - that’s a really positive appointment for HSL.

[Winston Ingram]

Hibernian Supporters (HSL): "🆕 | We are delighted to confirm Scott Millar has joined the Hibernian Supporters board, following a successful nomination at our AGM earlier this week. 🗣️ “I want people to ‘get’ why they should become a member.” Hear more from Scott: 👉 hiberniansupporters.co.uk/scott-millar... #ClubTogether" — Bluesky (https://bsky.app/profile/hfcsupporters.bsky.social/post/3lmjitgh5hs26)

Great appointment

[7Hero]

Can't believe how anyone would say anything negative about HSL, they are one of the biggest donators to the Football Club, this post above insinuating all they do is buy Hospitality , :confused: it's serious dosh going to the football club FFS.. How the club uses it is up to them and it is currently being used to benefit people who donate money to HSL ... What's not to like ?? . They could have spat the dummy when the shares were diluted, but they keep on the same path that is to help the club with generous payments and to hopefully one day be able to get more shares in the club..

If you don't like HSL or support them then you don't have a clue about what it is they do and clearly have no idea about the quality of people involved. Best to not comment at all....

[BILLYHIBS]

The day did come though and HSL were able to contribute in the last share issue earlier this year, thanks to continuing member payments. Despite HSL having had shares diluted, we, that’s you and me and many others, as members of HSL are still the third largest shareholder in the club. After the Gordons and the Black Knight Group.

When the Gordons took over we members, including yourself I’d expect, were democratically asked our opinion about the way forward. If I remember correctly, it came down in a split between, ensuring funds continued to be collected for the day shares became available again and secondly, for some funds to be regularly directed in to the club.

Whilst still building a pot for shares, HSL decided that an appropriate way to give funds in to the club was to purchase a table in the Pioneers Lounge corporate experience.

The board, despite all being paying members, immediately voluntarily removed themselves from taking personal advantage of this facility but created a draw for contributing HSL members to be able to enter. The draw takes place before every home game and every HSL member, still making monthly contributions, can enter the draw to have a place, along with a guest, at that table in the Pioneers Lounge for that game. Once you have won it then you cannot win again until the following season.

It is a seriously good benefit to being a paying HSL member and you might consider it. Every paying member has a very good chance of winning and I have been lucky to win it in each of the last two seasons. I highly recommend it.

HSL are independent as a club shareholder and a great part of the story of our club. Their presence offers a small but important security to supporters, should things go wrong but also an avenue for assisting in the club’s potential for success in the present.

That said, that can only happen if members continue or restart contributing monthly. A growing membership is also hugely important and, for those who can afford a small contribution per month, there is no time like the present to consider it and get involved. Other share offers will come along and HSL needs its paying membership in order to grow its influence on our behalf.

:top marks

[TrinityHFC]

Can't believe how anyone would say anything negative about HSL, they are one of the biggest donators to the Football Club, this post above insinuating all they do is buy Hospitality , :confused: it's serious dosh going to the football club FFS.. How the club uses it is up to them and it is currently being used to benefit people who donate money to HSL ... What's not to like ?? . They could have spat the dummy when the shares were diluted, but they keep on the same path that is to help the club with generous payments and to hopefully one day be able to get more shares in the club..

If you don't like HSL or support them then you don't have a clue about what it is they do and clearly have no idea about the quality of people involved. Best to not comment at all....

Unfortunately over the years a compelling case for the need for HSL has never really been made. Contributions to Hibs are largely secondary to the goal of buying shares in the club and it isn’t a case that large numbers of fans are getting behind.

It can carry on happily as it is and there will be an ongoing minor benefit to the club. It needs a huge reset to meet either its own aims or to provide significant funding to Hibs. I just don’t see that coming. It is beyond a new sales pitch now particularly given the current shareholding structure and the resources our various owners have.

[Pagan Hibernia]

Unfortunately over the years a compelling case for the need for HSL has never really been made. Contributions to Hibs are largely secondary to the goal of buying shares in the club and it isn’t a case that large numbers of fans are getting behind.

It can carry on happily as it is and there will be an ongoing minor benefit to the club. It needs a huge reset to meet either its own aims or to provide significant funding to Hibs. I just don’t see that coming. It is beyond a new sales pitch now particularly given the current shareholding structure and the resources our various owners have.

Daniel mentioned earlier that they've put more than £200k into the club's coffers over the last year. I'd call that a pretty decent contribution rayher than a "minor benefit". As mentioned many HSL members have benefited from the hospitality offers (which also benefit the club).

We're probably in agreement that HSL will struggle to meet their own aims now re: shareholding. And to be honest that was my main motivation in getting involved. As such I stopped my monthly contributions a wee while ago. Very tempted to restart them though. Nothing stays the same forever and none of us know when a group like HSL will be very much needed.

[Hibbyradge]

Unfortunately over the years a compelling case for the need for HSL has never really been made. Contributions to Hibs are largely secondary to the goal of buying shares in the club and it isn’t a case that large numbers of fans are getting behind.

It can carry on happily as it is and there will be an ongoing minor benefit to the club. It needs a huge reset to meet either its own aims or to provide significant funding to Hibs. I just don’t see that coming. It is beyond a new sales pitch now particularly given the current shareholding structure and the resources our various owners have.

The compelling case was made when STF was willing to sell his shares to HSL.

Then along came Simon Pia and the Ponzi brigade.

[CentreLine]

I think a hugely significant thing for us supporters is that the whole situation for HSL has significantly changed since its inception. I hope I get this right but this is my understanding from a member’s perspective.

When it was created, by the club, there were enough new shares made available for HSL to gain 25% shares. There was an opposition group of supporters that made a lot of noise and I believe that contributed to our coming up short on those shares. By no means all but I also believe some of that opposition noise was, somewhat, justified given that the club, at that time, ensured that they had a controlling presence on the HSL board.

Of course the club was then purchased by Ron Gordon. He did not appear keen on the concept of supporter shareholding as it was alien to what he was used to.

This disinterest from the club created a separation point and allowed HSL to make changes to their constitution and rules to become completely separate from club influence or control. The HSL board were keen to ensure that it did not just become a collecting tin (dare I say “cash cow”) for the club but that it maintained its principal objective and desire to purchase shares and ensure a supporter voice as, at that point, second largest shareholder within the club.

Then we had the tragedy of Ron Gordon passing, followed by fresh income and support from Black Knight, which pushed HSL in to a third spot as shareholders go.

However, I believe it is the HSL independence that, as the third largest shareholder, is a key factor in making HSL a very attractive option for all supporters to have a positive input in to club affairs. No ambition to OWN the club, simply to be a meaningful part in the success of Hibernian FC. Furthermore, both the Gordons, as our major shareholder, as well as the Black Knight Group, as second largest shareholders, are now very much engaged with HSL in a meaningful and positive way. In this cooperative atmosphere and in the event that the club has more share issues, it is important that HSL is in a position to take part and to ensure our influence is not diluted but that the views of supporters are represented at the heart of the club.

All of the above makes this the very best time, not to mention significantly important, for supporters to get involved and sign up financially to HSL. Whether that is new members, or non contributing members, reconnecting in a positive way, HSL need that support from both to maintain and improve on the supporter representation at the centre of the club.

Let’s make it happen Hibees. HSL is fully independently representative of your voice. If you have the means, get involved.

GGTTH

[offshorehibby]

HSL & Hibs will have some big campaigns together coming up shortly. Which hopefully will reenergise lapsed contributors and bring in more. With Hibs doing well financially out of it.

To the nae Sayers further back still doubting it, the recent share issue put HSL front and centre being able to contribute to Hibs.

[TrinityHFC]

HSL & Hibs will have some big campaigns together coming up shortly. Which hopefully will reenergise lapsed contributors and bring in more. With Hibs doing well financially out of it.

To the nae Sayers further back still doubting it, the recent share issue put HSL front and centre being able to contribute to Hibs.

It is small fry though compared with the resources of our other owners. It allowed HSL to use some of their funds but there just isn’t a meaningful case to move the dial on increasing the number of supporters who would want to contribute.

[tamig]

It is small fry though compared with the resources of our other owners. It allowed HSL to use some of their funds but there just isn’t a meaningful case to move the dial on increasing the number of supporters who would want to contribute.

If there’s an opportunity that arises in future for HSL to increase its holding, then of course there is a meaningful case for new people to come on board. None of us know what the future will bring.

[CentreLine]

It is small fry though compared with the resources of our other owners. It allowed HSL to use some of their funds but there just isn’t a meaningful case to move the dial on increasing the number of supporters who would want to contribute.

Meaningful is being in a position to contribute towards the current successes of the club; To be in a position to purchase more shares when they inevitably become available; And being in a position to contribute on behalf of supporters if things go off the rails.

[offshorehibby]

It is small fry though compared with the resources of our other owners. It allowed HSL to use some of their funds but there just isn’t a meaningful case to move the dial on increasing the number of supporters who would want to contribute.

HSL will be contributing money to Hibs in the near future. There will likely be more new share issues down the line. HSL if supported will be in a position to take up any share offer if invited, again contributing to Hibs. But some would rather write it off vocally rather than support or just say nothing.

[CapitalGreen]

HSL will be contributing money to Hibs in the near future. There will likely be more new share issues down the line. HSL if supported will be in a position to take up any share offer if invited, again contributing to Hibs. But some would rather write it off vocally rather than support or just say nothing.

Members are entitled to discuss how their members group is run, whether that be positively or negatively. I’m sure those running HSL don’t share your “just give us your money and shut up” attitude.

[DanishJohn]

Members are entitled to discuss how their members group is run, whether that be positively or negatively. I’m sure those running HSL don’t share your “just give us your money and shut up” attitude.

Yes of course they have. Problem though is when a "negativity" becomes an "untruth"
Perhaps someone who is so negative might put his/her's views face to face with HSL directors at an AGM ?
Or, even better, put yourself forward for a position on the HSL board ?

[Gerard]

Yes of course they have. Problem though is when a "negativity" becomes an "untruth"
Perhaps someone who is so negative might put his/her's views face to face with HSL directors at an AGM ?
Or, even better, put yourself forward for a position on the HSL board ?

I am very happy with the hard work HSL does on behalf of our club.

[TrinityHFC]

Yes of course they have. Problem though is when a "negativity" becomes an "untruth"
Perhaps someone who is so negative might put his/her's views face to face with HSL directors at an AGM ?
Or, even better, put yourself forward for a position on the HSL board ?

What is untrue?

The reality is that there has always been a very limited uptake from the wider fanbase for HSL. That was the case even when there was an opportunity to effectively buy the shareholding direct from Hibs.

The concept of ongoing contributions to Hibs is fine - what I'm saying is that it is now quite negligible and with the resources of our current owners and minority owners I think a lot of fans would think the onus would be on them to invest. We are also long past the stage where a meaningful enough percentage could be built up for emergency purposes. HSL just doesn't have the resources or wider backing to make a dent if the club needed to be taken over in any way.

As a concept overall it just has quite a limited appeal for the majority of fans - I'm a member but I just don't see any new sales pitch or initiatives moving the dial on this one any time soon.

[Daniel 1875]

What is untrue?

The reality is that there has always been a very limited uptake from the wider fanbase for HSL. That was the case even when there was an opportunity to effectively buy the shareholding direct from Hibs.

The concept of ongoing contributions to Hibs is fine - what I'm saying is that it is now quite negligible and with the resources of our current owners and minority owners I think a lot of fans would think the onus would be on them to invest. We are also long past the stage where a meaningful enough percentage could be built up for emergency purposes. HSL just doesn't have the resources or wider backing to make a dent if the club needed to be taken over in any way.

As a concept overall it just has quite a limited appeal for the majority of fans - I'm a member but I just don't see any new sales pitch or initiatives moving the dial on this one any time soon.

Is there any particular reason why you seem so keen to continually piss on the efforts of ordinary Hibs fans? From page 2 to page 22 of this thread you seem set on belittling the work, impact and relevance of the club’s only supporter-shareholder group, which has put in circa £2m of extra cash to the club in 10 years of existence.

If you’re a member you’re absolutely welcome to engage in a meaningful way, attend meetings, challenge any decisions or directions you don’t agree with.

It’d be great to meet for a coffee or a pint to discuss things properly. There are loads of fans who still think there’s a relevance to what we do, whether small or otherwise.

Lots of supporters just want to do their little bit extra to help the club, which we’ve done for the last 10 years and will continue to do so for another 10 years.

I’m just not sure why you seem so keen on reminding everyone you think the appeal is so limited or the organisation is irrelevant at almost every opportunity.

[Pagan Hibernia]

Is there any particular reason why you seem so keen to continually piss on the efforts of ordinary Hibs fans? From page 2 to page 22 of this thread you seem set on belittling the work, impact and relevance of the club’s only supporter-shareholder group, which has put in circa £2m of extra cash to the club in 10 years of existence.

If you’re a member you’re absolutely welcome to engage in a meaningful way, attend meetings, challenge any decisions or directions you don’t agree with.

It’d be great to meet for a coffee or a pint to discuss things properly. There are loads of fans who still think there’s a relevance to what we do, whether small or otherwise.

Lots of supporters just want to do their little bit extra to help the club, which we’ve done for the last 10 years and will continue to do so for another 10 years.

I’m just not sure why you seem so keen on reminding everyone you think the appeal is so limited or the organisation is irrelevant at almost every opportunity.

Would be interesting to know wouldn't it. He/she is certainly working very hard to try and convince people that HSL isn't worth backing or supporting. Very odd.

[offshorehibby]

I was at the recent AGM and some of the forthcoming initiatives that are planned in the coming months sound great. Hopefully reenergise the membership when announced.

[jacomo]

I think a hugely significant thing for us supporters is that the whole situation for HSL has significantly changed since its inception. I hope I get this right but this is my understanding from a member’s perspective.

When it was created, by the club, there were enough new shares made available for HSL to gain 25% shares. There was an opposition group of supporters that made a lot of noise and I believe that contributed to our coming up short on those shares. By no means all but I also believe some of that opposition noise was, somewhat, justified given that the club, at that time, ensured that they had a controlling presence on the HSL board.

Of course the club was then purchased by Ron Gordon. He did not appear keen on the concept of supporter shareholding as it was alien to what he was used to.

This disinterest from the club created a separation point and allowed HSL to make changes to their constitution and rules to become completely separate from club influence or control. The HSL board were keen to ensure that it did not just become a collecting tin (dare I say “cash cow”) for the club but that it maintained its principal objective and desire to purchase shares and ensure a supporter voice as, at that point, second largest shareholder within the club.

Then we had the tragedy of Ron Gordon passing, followed by fresh income and support from Black Knight, which pushed HSL in to a third spot as shareholders go.

However, I believe it is the HSL independence that, as the third largest shareholder, is a key factor in making HSL a very attractive option for all supporters to have a positive input in to club affairs. No ambition to OWN the club, simply to be a meaningful part in the success of Hibernian FC. Furthermore, both the Gordons, as our major shareholder, as well as the Black Knight Group, as second largest shareholders, are now very much engaged with HSL in a meaningful and positive way. In this cooperative atmosphere and in the event that the club has more share issues, it is important that HSL is in a position to take part and to ensure our influence is not diluted but that the views of supporters are represented at the heart of the club.

All of the above makes this the very best time, not to mention significantly important, for supporters to get involved and sign up financially to HSL. Whether that is new members, or non contributing members, reconnecting in a positive way, HSL need that support from both to maintain and improve on the supporter representation at the centre of the club.

Let’s make it happen Hibees. HSL is fully independently representative of your voice. If you have the means, get involved.

GGTTH


That share offer by STF was at a huge discount, compared to the amount he had put into the club over the years. He absolutely needed checks and balances in place to avoid rogue operators taking advantage.

The attacks from Simon Pia and others came from spite and personal animosity, nothing more. They were a disgrace.

[superfurryhibby]

What is untrue?

The reality is that there has always been a very limited uptake from the wider fanbase for HSL. That was the case even when there was an opportunity to effectively buy the shareholding direct from Hibs.

The concept of ongoing contributions to Hibs is fine - what I'm saying is that it is now quite negligible and with the resources of our current owners and minority owners I think a lot of fans would think the onus would be on them to invest. We are also long past the stage where a meaningful enough percentage could be built up for emergency purposes. HSL just doesn't have the resources or wider backing to make a dent if the club needed to be taken over in any way.

As a concept overall it just has quite a limited appeal for the majority of fans - I'm a member but I just don't see any new sales pitch or initiatives moving the dial on this one any time soon.

Strange how this limited uptake allowed HSL to purchase a pretty decent slice of Hibs shareholding pre dilution by current owners.