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  1. #1
    Testimonial due Baldy Foghorn's Avatar
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    Hsl

    HSL can't buy any more shares are there are none available.

    Is a change of articles of association needed, maybe rebrand stating donations go into playing squad?
    "There's class, there's first class and there's Hibs class" - Eddie Turnbull


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  3. #2
    First Team Breakthrough
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    Quote Originally Posted by Baldy Foghorn View Post
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    HSL can't buy any more shares are there are none available.

    Is a change of articles of association needed, maybe rebrand stating donations go into playing squad?
    Did that come out at the meeting tonight Baldy

  4. #3
    Testimonial due Baldy Foghorn's Avatar
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    Quote Originally Posted by hibbydad View Post
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    Did that come out at the meeting tonight Baldy
    Yes, shareholding diluted, no new shares can be bought
    "There's class, there's first class and there's Hibs class" - Eddie Turnbull

  5. #4
    @hibs.net private member Pagan Hibernia's Avatar
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    Sooner Official HSL comes on to give us a full indication on where we stand with percentages and the rest of it the better

  6. #5
    @hibs.net private member tamig's Avatar
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    Quote Originally Posted by Baldy Foghorn View Post
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    HSL can't buy any more shares are there are none available.

    Is a change of articles of association needed, maybe rebrand stating donations go into playing squad?
    I’m sure Jim will be on to tell us soon enough. Has he met Ron yet?

  7. #6
    First Team Breakthrough kevinc's Avatar
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    Quote Originally Posted by Baldy Foghorn View Post
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    Yes, shareholding diluted, no new shares can be bought
    HSL shareholding diluted?

  8. #7
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    That is disappointing Baldy I really believe the way forward would be to allow more supporters to buy shares in the club

  9. #8
    Testimonial due Baldy Foghorn's Avatar
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    Quote Originally Posted by tamig View Post
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    I’m sure Jim will be on to tell us soon enough. Has he met Ron yet?
    Ron said they met on Friday?
    "There's class, there's first class and there's Hibs class" - Eddie Turnbull

  10. #9
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    Crap news.

  11. #10
    Testimonial due Baldy Foghorn's Avatar
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    Quote Originally Posted by hibbydad View Post
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    That is disappointing Baldy I really believe the way forward would be to allow more supporters to buy shares in the club
    Not possible at this juncture unless a new share issue occurs?
    "There's class, there's first class and there's Hibs class" - Eddie Turnbull

  12. #11
    Testimonial due Baldy Foghorn's Avatar
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    Quote Originally Posted by kevinc View Post
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    HSL shareholding diluted?
    Unless it's normal shareholders? Either way the fans own less % now than pre takeover
    "There's class, there's first class and there's Hibs class" - Eddie Turnbull

  13. #12
    Testimonial due Baldy Foghorn's Avatar
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    HSL mandate/article of association was to collect monies to buy shares. Now no shares available do we keep donating for playing budget?
    "There's class, there's first class and there's Hibs class" - Eddie Turnbull

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    First Team Breakthrough kevinc's Avatar
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    Quote Originally Posted by Baldy Foghorn View Post
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    Unless it's normal shareholders? Either way the fans own less % now than pre takeover
    I heard what he said, down from around 37% to around 33% but never picked up on the bit where it was stated that HSL shares were diluted/reduced.

  15. #14
    I think a rebranding would make sense - clean slate which I feel would get more fans involved.

  16. #15
    @hibs.net private member tamig's Avatar
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    Quote Originally Posted by Baldy Foghorn View Post
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    HSL mandate/article of association was to collect monies to buy shares. Now no shares available do we keep donating for playing budget?
    The money was going there anyway. Like I said, we’ll need to await Jim’s announcement.

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    @hibs.net private member CapitalGreen's Avatar
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    Quote Originally Posted by kevinc View Post
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    I heard what he said, down from around 37% to around 33% but never picked up on the bit where it was stated that HSL shares were diluted/reduced.
    The number of shares HSL hold remains the same, however the total number of shares issued has increased.

    Therefore HSL now has a lower % of the total shares.

  18. #17
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    Obviously diluted we need as many shares in supporters hands as possible including HSL I feel this is very disappointing

  19. #18
    First Team Breakthrough kevinc's Avatar
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    Quote Originally Posted by CapitalGreen View Post
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    The number of shares HSL hold remains the same, however the total number of shares issued has increased.

    Therefore HSL now has a lower % of the total shares.
    Thanks.

  20. #19
    @hibs.net private member HH81's Avatar
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    Quote Originally Posted by Baldy Foghorn View Post
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    HSL mandate/article of association was to collect monies to buy shares. Now no shares available do we keep donating for playing budget?
    Yes. I will anyway.
    Cougars!!!

  21. #20
    Was never about fan ownership for me. Not really bothered about that. Just wanted to contribute to the player budget.

  22. #21
    Rebranding of HSl and maybe offer items more than just shares to entice donations to the playing budget. Shop discounts, for example.

  23. #22
    First Team Breakthrough
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    Since452 it was all about having a decent percentage of shares to block a hostile takeover not total ownership

  24. #23
    Testimonial due Baldy Foghorn's Avatar
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    Quote Originally Posted by hibbydad View Post
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    Since452 it was all about having a decent percentage of shares to block a hostile takeover not total ownership
    We still have 32/33% as long as the status quo remains. That would be enough to block anything.
    "There's class, there's first class and there's Hibs class" - Eddie Turnbull

  25. #24
    @hibs.net private member Pagan Hibernia's Avatar
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    Quote Originally Posted by hibbydad View Post
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    Obviously diluted we need as many shares in supporters hands as possible including HSL I feel this is very disappointing
    agree. A bit disheartened tonight if I’m honest. Will have to think very carefully on whether or not to continue my donations. I signed up for a shareholding vehicle for supporters to safeguard the club for future generations. Not a football manager’s budget (though that was a nice bonus).

  26. #25
    @hibs.net private member Pagan Hibernia's Avatar
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    Quote Originally Posted by Baldy Foghorn View Post
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    We still have 32/33% as long as the status quo remains. That would be enough to block anything.
    until we know who the large blocks held by nominee holdings are then we can’t trust them not to sell out

  27. #26
    @hibs.net private member Carheenlea's Avatar
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    Quote Originally Posted by Pagan Hibernia View Post
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    agree. A bit disheartened tonight if I’m honest. Will have to think very carefully on whether or not to continue my donations. I signed up for a shareholding vehicle for supporters to safeguard the club for future generations. Not a football manager’s budget (though that was a nice bonus).
    Exactly the same as my thoughts

  28. #27
    madhatter
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    This requires statements from the club and HSL tbh. Those fans that viewed HSL as safeguarding the club will have some fear over this. I'll be considering whether I keep donating. Not in anyway Jim's fault but HSL and the clubs collaboration with HSL has been poor at best. I actually think we've done well with donations considering there were no appreciations spoken about until recently which could be scrapped because of this - kit with names on it.

    People possibly sacrificed something in their lives to help the club, I remember the whole thing about avoiding a coffee or two every month. Moving the goalposts on some key aspects such as fan ownership (safeguarding) should be communicated in advance or as swiftly as possible.

  29. #28
    @hibs.net private member lord bunberry's Avatar
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    I made this point as soon as the takeover was announced. It was obvious to me that the current HSL model was dead in the water. Farmer was willing to dilute his share, but there was no way the new guy would pay all that money and just give a large share of it up for no personal gain. I hope HSL continues as a managers fund as I would be happy to still keep up the donations for that.

    United we stand here....

  30. #29
    More still to be updated in this space from the club and HSL.

    Collectively we’re at 33% - that’s a comfort and protection.

    Supporter participation is very good and the intent is great.

    Ron did say he was open to talks on this down the line - a supporter owned club or a club that has supporter ownership but has a majority shareholder. Big challenges (financial liability and decision-making) to being a supporter owned club.


    More to come on this and looking forward to hearing it.

  31. #30
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    I dont want to judge until more is known, but it does seem both inevitable and a touch disappointing.

    HSL is a noble idea, and I am a member as is my son, but it has always struggled and this seems like it's death knell.

    Personally though, I would continue to support some form of funding for the club.

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