So just because there’s been a change of ownership you would be prepared to stop contributing a few quid each month even if you knew the cash was going directly towards the playing budget?This quote is hidden because you are ignoring this member. Show Quote
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Thread: Hsl
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10-07-2019 10:27 PM #61
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10-07-2019 10:27 PM #62
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I'd like to think that a good way forward would be some kind of rights issue to which HSL (and all shareholders, including Ron) could subscribe. That way each shareholder would have the opportunity to retain their holdings at the same percentage level by putting in more cash. Eg if Ron wanted to put in £2m personally, he could make £3m of shares available via a rights issue. If HSL and the other individual / nominee shareholders stump up £1m the status quo in terms of percentage holdings remains. If not, Ron's ownership percentage increases. Logistically it might be a bit tricky to fund the HSL portion of the subscription through monthly DDs rather than a lump sum payment but I'm sure it must be possible.
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10-07-2019 10:31 PM #63
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10-07-2019 10:37 PM #64madhatterLeft by mutual consent!This quote is hidden because you are ignoring this member. Show Quote
we shall find out when Jim has further news. Club need to up their game if HSL are remaining, need to start creating/backing funding campaigns with rewards that do not hugely dilute raised funds etc.
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10-07-2019 10:43 PM #65This quote is hidden because you are ignoring this member. Show Quote45 AND RISING
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10-07-2019 10:52 PM #66This quote is hidden because you are ignoring this member. Show Quote
I understand from a post above that 33% of the total share issue is in the hands of supporters … but obviously spread amongst thousands of individuals and a few syndicates? that we know nothing about … We need to find a way to ensure that it ever came to the crunch all of these different entities are of a like mind when it comes to the protection and preservation of our club.
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10-07-2019 11:39 PM #67This quote is hidden because you are ignoring this member. Show Quote
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11-07-2019 01:27 AM #69
Il still be donating.
Hopefully it's rebranded as a boost the managers fund set-up
I was fine with it as it was, i would really liked to have seen it get to 25%
However ron has pumped in millions, doing what HSL couldn't.
Im fine with that, especially as fans we have 33% combined. if it was ever needed im 99.9% positive every fan would vote the same way
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11-07-2019 01:35 AM #70
HSL have said they will statement on Thursday so let’s see what comes out.
Expectations are that it’s a positive statement so fingers crossed.
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11-07-2019 02:08 AM #71
Whether you are cool with this situation or not I think everybody must agree that we need some clarification as to what has gone on here and in my opinion this is the first test of whether or not Ronald Gordon will be prepared to honestly and openly engage with the clubs supporters.
It doesn't matter what the situation is now, the sale of shares in this football club was advertised by it as an opportunity for fans to have a 51% stake in the club, or at worst a blocking vote, and the presumption must be that fans bought shares and joined HSL on that premise … the fact that most probably didn't is utterly immaterial ... that's what it was sold to us as by Hibernian football club and now after spending hundreds, in some cases thousand, of pounds that is not what we are getting.
Just because the club has now been sold that does not in my view absolve its new owner from a responsibility to inform the clubs supporters as to why he has put a stop to the availability of shares, effectively turning what we were initially told into a mistruth … especially when the club itself helped to set up the main share purchasing group, encouraged participation in it, and even got the clubs players and manager to sign up to it. Not to mention that the CEO of the club AFAIK still has a place on the committee of that body.
Its not enough in my opinion for Ronald Gordon to say its a simple matter of him wanting total control of the club, he also has to say why one day fans having a say in the club was a good idea and now in his opinion it isn't.
In view of the fact that it is 100% certain that Hibs and Ronald Gordon will be extremely keen to see HSL continue under a different guise as a simple vehicle for people who love and care for this club to give it extra voluntary funding, its all the more incumbent on him and the club to explain this change of direction and to issue some sort of apology to the people who bought shares thinking it would give them if not a say in the club they love then at least the opportunity to safeguard it only to find out years and a lot of money later that this will not be the case.
I do not think that this is in any way an unreasonable request and if Mr Gordon thinks it is perhaps he doesn't know as much about the trials and tribulations of owning a football club as he thinks he did.Last edited by NAE NOOKIE; 11-07-2019 at 02:13 AM.
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11-07-2019 04:23 AM #72
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Spoke to James Adie on Monday saying nothing changing whatsoever with contributing.
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11-07-2019 05:52 AM #73
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I find it strange that there was no clear announcement on Day 1 regarding the HSL shares. If negotiations took as long as was stated then surely you would expect the topic of HSL would be high on the agenda.
By the sounds of things HSL werent even in the know regarding the sale of the club. Was that not one of the reasons why this was started to ensure the fans had a say in any new ownership?
I must of paid in between 500-1000 into HSL over the last few years and will continue to do so as long as we get a clear confirmation of what the money is being used for.
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11-07-2019 06:18 AM #74This quote is hidden because you are ignoring this member. Show Quote"There's class, there's first class and there's Hibs class" - Eddie Turnbull
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11-07-2019 06:25 AM #75
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Would have been good if Tom farmer had created enough shares and kept them separate for HSL to buy ( or even gifted them to us although I appreciate he’s done enough) so that we reached our 26% or whatever our target was as part of the deal with Ron.
Also it doesn’t matter where our future donations go as the club can just reduce the percentage going to the playing budget as they know we will make it up and would have no idea if it actually increases it or allows them to reduce what the club puts in and direct the funds elsewhere???
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11-07-2019 06:28 AM #76
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The only thing that requires answers is why it has taken HSL and Hibs this long to communicate with the fans who have been putting money in, it’s ridiculous to let speculation run rife on this issue at a time where we should all be gearing up for the big kick off, it also gives credibility to the moon howlers currently swiping away at the club over Ponzi schemes and loan facilities.
I haven’t signed up yet, but the strip push had tempted me but until I hear from HSL I’l be holding off, the communications from the club has improved tenfold over the years I really Hope now we’re not taking 3 steps back on that front
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11-07-2019 06:33 AM #77
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I imagine I am preachings to the converted here but it seems to me that our broader fan base has missed the bus as far as HSL is concerned. Various excuses, from misplaced distrust of STF, a pantomime like dislike of Rod Petrie and every conceivable made up objection. All the way through to stories of Ponzi scheme, have led to enough objectors to leave us short of the intended target that would have left us safe from aggressive takeover in the future. I firmly believe that STF has done all he can to pass us on to a safe pair of hands but what next?
We as fans have nobody to blame but ourselves. STF made enough new shares available for us to dilute his holding and to own a controlling interest of 51% of our club. But we blew it big style. We failed to come up to the mark. Nobody lives forever and STF quite simply had to move on. The new owner has different ideas on how the fans can contribute. The way I see it is that we can miss a new opportunity to take our club forward in a big way or we can get behind his vision and buy in to HSL for a new and forward looking future.
There is a new bus with a new destination waiting for us to climb aboard. Maybe those of us that can afford that little bit extra a month need to take a bit of a leap of faith and just get on board to see where it takes us. And let’s not forget there are many who do not have any more to give, “we are all Hibs” and we can all still enjoy the ride.Last edited by CentreLine; 11-07-2019 at 06:36 AM.
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11-07-2019 06:45 AM #78This quote is hidden because you are ignoring this member. Show Quote
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11-07-2019 06:46 AM #79
Not impressed by the dilution of shares. I suspect people may have had even less enthusiasm for buying shares/contributing to HSL if this had been highlighted as an inevitability the moment the club was sold.
For me any future fan based scheme to raise funds must come with cast iron guarantee that monies raised would go directly to the playing budget. Infrastructure has dominated the clubs finances for a long time, I’m not interested in funding it, I want a decent team on the pitch.
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11-07-2019 06:48 AM #80This quote is hidden because you are ignoring this member. Show Quote
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11-07-2019 06:48 AM #81This quote is hidden because you are ignoring this member. Show Quote
Sent from my SM-G935F using Tapatalk
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11-07-2019 06:52 AM #82This quote is hidden because you are ignoring this member. Show Quote
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11-07-2019 07:03 AM #83This quote is hidden because you are ignoring this member. Show Quote
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11-07-2019 07:14 AM #84
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Probably, best course of action is agree with Ron a number of new shares that can be issued and that can be taken up by HSL. Ron will want a floor on what his holding falls to so that he effectively controls and runs and makes the decisions about the club.
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11-07-2019 07:15 AM #85This quote is hidden because you are ignoring this member. Show Quote
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11-07-2019 07:17 AM #86This quote is hidden because you are ignoring this member. Show Quote
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11-07-2019 07:22 AM #87
HSL money going into this new facility instead of player budget going forwards then?
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11-07-2019 07:24 AM #88This quote is hidden because you are ignoring this member. Show Quote
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11-07-2019 07:32 AM #90This quote is hidden because you are ignoring this member. Show Quote
Not trying to interrogate you here, just conscious that people can come away from a meeting with different interpretations of what was said/meant
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