HSL Donations Poll

[offshorehibby]

I see the results of the recenr HSL poll for where donations should go.

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

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

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

James Adie

[linlithgowhibbie]

I'm quite happy at that. Monies still going in for players and a reserve being built up for shares when available

[Clarence]

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I'm quite happy at that. Monies still going in for players and a reserve being built up for shares when available

Me too. I thought the split would have been more in favour of the playing budget but I’m actually happy to see that there is a sizeable minority keen to increase the HSL fans’ share of ownership.

[wallpaperman]

Fine with that, I voted for money to go to the playing budget, but the split seems ok.

Could i ask a question about the shares that are currently in circulation?

If an owner of a club wanted to raise money, say from a particular investor, could he issue new shares which would therefore dilute all existing shares, including HSL? Would HSL be given an equal opportunity to buy some of these shares, therefore keeping the same approximate percentage?

Just wondering that if HSL do go about trying to buy small shareholdings from others, but the whole exercise could be rendered pointless by a new share issue down the line.

[Purple & Green]

I’m not happy with chucking money at the club with no accountability - I think it’s a mistake for an owner that’s been in place for 5 months to be backed like this.

I’ll be withdrawing when I’ve paid up my full membership unless things change in the interim, which I hope they will.

[Golden Bear]

I'd consider joining if there was a method of transferring financial contribuitions directly to the Club as I don't see the need for any HS involvement.

Why pay money to one group for subsequent onward transmission to the Football Club?

[green day]

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I’m not happy with chucking money at the club with no accountability - I think it’s a mistake for an owner that’s been in place for 5 months to be backed like this.

I’ll be withdrawing when I’ve paid up my full membership unless things change in the interim, which I hope they will.

When Farmer and Petrie were in charge, some people used that as a reason not to donate to HSL

Now that they have left, you are doing exactly the same.

Its difficult to know how HSL can win when we have skewed logic like this in play...........................

[CentreLine]

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I’m not happy with chucking money at the club with no accountability - I think it’s a mistake for an owner that’s been in place for 5 months to be backed like this.

I’ll be withdrawing when I’ve paid up my full membership unless things change in the interim, which I hope they will.

I suspect what you meant to say was
“Thank you HSL for giving me the opportunity to have my name on a shirt to be worn by the team I love. It was an outstanding initiative but once I have done that I intend to stop my contribution and simply be a supporter in the conventional way”
But instead it came out as a dig at HSL and, by inference, at the club.
Everyone is absolutely entitled to support or be a fan of the club exactly as they please or as their financial position will allow but is it really necessary to use that as an excuses to introduce such negativity?

[Andy74]

This is unfortunately a bit of a mess now.

I think future share purchases are just a waste of cash. I’d need to be persuaded that there’s any chunk of private shares in Hibs owned by anyone who isn’t just a fan with the same general aims as the rest of us.

So I have some shares that I bought just to be part of it, get my certificate and an AGM invite. I can now keep one, sell the rest to HSL and get my money back. Paid for by other supporters with the aim of increasing HSL percentage for no real good reason.

This isn’t really a viable mechanism that fans can get behind in any numbers.

[LeithMike]

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This is unfortunately a bit of a mess now.

I think future share purchases are just a waste of cash. I’d need to be persuaded that there’s any chunk of private shares in Hibs owned by anyone who isn’t just a fan with the same general aims as the rest of us.

So I have some shares that I bought just to be part of it, get my certificate and an AGM invite. I can now keep one, sell the rest to HSL and get my money back. Paid for by other supporters with the aim of increasing HSL percentage for no real good reason.

This isn’t really a viable mechanism that fans can get behind in any numbers.

Agree with this Andy. I don't think this is the fault of those who have worked tirelessly to make HSL succeed but it really is in limbo now.

1. Not sure of the exact shareholding currently but am I right that its below the level that was required to appoint a director? It's also below the level necessary to offer proper minority shareholder protections.

2. Now that HSL possesses those shares then it needs to stay in existence to manage that shareholding but I don't see what a future purpose is unless it can get the shareholding.

3. I don't think giving money to the club for the football budget for nothing in return is right. Fans would be as well buying strips etc. The AberDNA is definitely a better model and this is something for the club to initiate.

4. Rather than buy shares from existing shareholders, what about seeking those shareholders to assign the voting rights on their shares to HSL so HSL can at least try to control 25% of voting rights?

5. I know the uptake from the fans has generally been poor but the sale of the club without protecting the HSL scheme had been really ill-considered. Why were those shares not ring-fenced for HSL? This was all kept very quiet when the sale to Ron Gordon was announced and has never been answered.

6. I joined HSL to help get a significant part of the club in community ownership as I really don't think football clubs should be at the mercy of wealthy individuals. It was a bonus that this money was going to the football side.

7. In my view HSL have been treated very poorly and I recognise the genuine efforts being made to give it a purpose going forward. It's not something, however, I can continue to invest in without some significant revamp that would restore it's original purpose.







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[Gloucester Hibs]

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Agree with this Andy. I don't think this is the fault of those who have worked tirelessly to make HSL succeed but it really is in limbo now.

1. Not sure of the exact shareholding currently but am I right that its below the level that was required to appoint a director? It's also below the level necessary to offer proper minority shareholder protections.

2. Now that HSL possesses those shares then it needs to stay in existence to manage that shareholding but I don't see what a future purpose is unless it can get the shareholding.

3. I don't think giving money to the club for the football budget for nothing in return is right. Fans would be as well buying strips etc. The AberDNA is definitely a better model and this is something for the club to initiate.

4. Rather than buy shares from existing shareholders, what about seeking those shareholders to assign the voting rights on their shares to HSL so HSL can at least try to control 25% of voting rights?

5. I know the uptake from the fans has generally been poor but the sale of the club without protecting the HSL scheme had been really ill-considered. Why were those shares not ring-fenced for HSL? This was all kept very quiet when the sale to Ron Gordon was announced and has never been answered.

6. I joined HSL to help get a significant part of the club in community ownership as I really don't think football clubs should be at the mercy of wealthy individuals. It was a bonus that this money was going to the football side.

7. In my view HSL have been treated very poorly and I recognise the genuine efforts being made to give it a purpose going forward. It's not something, however, I can continue to invest in without some significant revamp that would restore it's original purpose.







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Great post and summarises my own thoughts and concerns on HSL too, other than I’ll probably be continuing with donations (albeit reduced ones).

[JohnM1875]

Think that'll be me done with it. Thought when I voted my money would be going to the cause I opted for. Not split in any way.

I really don't understand how difficult it is to set it up so the money I donate goes 100% to the footballing dept. Surely it's as simple as setting up two different subscription types. One for footballing dept and one for future shares?

I get the guys running it are doing this voluntarily and have other commitments so I'm not going to be too judgemental. Just don't fancy 35% of my donation going towards something that might never happen.

[wallpaperman]

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Think that'll be me done with it. Thought when I voted my money would be going to the cause I opted for. Not split in any way.

I really don't understand how difficult it is to set it up so the money I donate goes 100% to the footballing dept. Surely it's as simple as setting up two different subscription types. One for footballing dept and one for future shares?

I get the guys running it are doing this voluntarily and have other commitments so I'm not going to be too judgemental. Just don't fancy 35% of my donation going towards something that might never happen.

I really hope you reconsider and see the bigger picture.

I understand that people are seeing it the way you do, but someone who has voted for all their money going towards shares will also say, ‘wait a minute, only 35% of my money is going to shares’.

While technically they are right, it’s evened up by the opposite for people like you (and me!).

It’s not the time to bail out folks unless we’re happy falling ever financially behind our neighbours.

[JohnM1875]

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I really hope you reconsider and see the bigger picture.

I understand that people are seeing it the way you do, but someone who has voted for all their money going towards shares will also say, ‘wait a minute, only 35% of my money is going to shares’.

While technically they are right, it’s evened up by the opposite for people like you (and me!).

It’s not the time to bail out folks unless we’re happy falling ever financially behind our neighbours.

I'm not going to make any rash decisions just yet.

But that's kinda my point. Surely there doesn't have to be any one questioning where a percentage of their donation is going? Just set it up as two different subscription options. Then 100% of everyone's money goes exactly where they want it to.

Like I said I have no experience in setting things like this up. So have no idea of the difficulties involved. But it sounds like an easy option.

[Pagan Hibernia]

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Think that'll be me done with it. Thought when I voted my money would be going to the cause I opted for. Not split in any way.

I really don't understand how difficult it is to set it up so the money I donate goes 100% to the footballing dept. Surely it's as simple as setting up two different subscription types. One for footballing dept and one for future shares?

I get the guys running it are doing this voluntarily and have other commitments so I'm not going to be too judgemental. Just don't fancy 35% of my donation going towards something that might never happen.

i really don’t see the issue. If you voted for your money to go solely to the playing budget then you’re monthly contribution will be part of the 65% that goes to that

[WestStandMoaner]

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Think that'll be me done with it. Thought when I voted my money would be going to the cause I opted for. Not split in any way.

I really don't understand how difficult it is to set it up so the money I donate goes 100% to the footballing dept. Surely it's as simple as setting up two different subscription types. One for footballing dept and one for future shares?

I get the guys running it are doing this voluntarily and have other commitments so I'm not going to be too judgemental. Just don't fancy 35% of my donation going towards something that might never happen.

Me too, I'm not done because of the split although I do question the 35 % for future shares that may or may not come available. My problem is I'm putting money into the club and the present owner is like the invisible man. I won't make a knee jerk reaction to his silence but I will not continue with my contribution past the end of November if the silence from the club stays the same. I think he is taking stock and I am prepared to give him time but he must keep the fans onside and complete silence is not the way.

[Bostonhibby]

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Me too, I'm not done because of the split although I do question the 35 % for future shares that may or may not come available. My problem is I'm putting money into the club and the present owner is like the invisible man. I won't make a knee jerk reaction to his silence but I will not continue with my contribution past the end of November if the silence from the club stays the same. I think he is taking stock and I am prepared to give him time but he must keep the fans onside and complete silence is not the way.

Pretty close to where I am at the moment, I worked out that Ron killed off what I wanted from HSL for the moment and thought I'd take stock to see if what comes next makes getting a protective share in the club via HSL a possibility again. If it doesn't I'll be interested in any alternative

Hoping the AGM might at least give us a clue, especially around what ponying up might amount to but i won't be interested in any more infrastructure or property investments which need to be a distant goal to the on the pitch offering for the foreseeable future.

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[WhileTheChief..]

Not on a great wage yet giving your cash away and I’m the daftie?!

Cool.

[MSK]

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Not on a great wage yet giving your cash away and I’m the daftie?!

Cool.

Im mortgage free, Ive no debt, Ive next to no outlay, I dont drive, I hardly drink, my Daughters have left home so arent leeching from me, every penny I earn is mines, so this ****ing dafty can do whatever he wants with his money, and if thats contributing to HSL then so be it, now why dont you toddle off and start a miserable anti HSL thread so you can grab yourself some much needed attention and leave us daftys alone 👍

[weecounty hibby]

I'm amazed that enough people voted to potentially give their hard earned cash to someone ither than Hibs. I will take some time to consider my position. I 100% do not work hard to give my cash to someone I don't know, probably never heard of and if they really are taking cash for their Hibs shares, then someone who I probably wouldn't be too happy to talk to. They could we'll make a profit. I want all of my money to go directly to Hibs not people profiteering

[Gloucester Hibs]

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I'm amazed that enough people voted to potentially give their hard earned cash to someone ither than Hibs. I will take some time to consider my position. I 100% do not work hard to give my cash to someone I don't know, probably never heard of and if they really are taking cash for their Hibs shares, then someone who I probably wouldn't be too happy to talk to. They could we'll make a profit. I want all of my money to go directly to Hibs not people profiteering

Because they have a preference for safeguarding the long term future of our club rather then blindly lobbing money (with no accountability) to the club which could then be siphoned off into infrastructure projects?

Not having a go BTW - donating to either option is better than not donating at all IMO, just giving the alternative viewpoint.

[MacGruber]

It sounds fine to me. Maybe misunderstood by some.... or me!

People saying I voted 100% for club so not happy their contribution is being split - I don't think it is split. The same with voting for shares.

If you voted 100% either way surely that is what happens. Is that not what they have said this morning.

For example

Hibby 1 - £100 contribution - 100% shares
Hibby 2 - £1000 contributon - 100% club
Hibby 3 - £2000 contribution - 50% each

Pot to HSL = £3100.
Made up of £ 1100 shares, £2000 club.

So HSL say the contributions are split:-
35% shares and 65% club.

So... on this basis, HSL say the split for contibutions is 35% and 65% but Hibbies 1,2 & 3 still pay the way they voted.

They don't understand that though so bump gums....

Or have I got it wrong? ... If so, is my way better lol

[OfficialHSL]

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It sounds fine to me. Maybe misunderstood by some.... or me!

People saying I voted 100% for club so not happy their contribution is being split - I don't think it is split. The same with voting for shares.

If you voted 100% either way surely that is what happens. Is that not what they have said this morning.

For example

Hibby 1 - £100 contribution - 100% shares
Hibby 2 - £1000 contributon - 100% club
Hibby 3 - £2000 contribution - 50% each

Pot to HSL = £3100.
Made up of £ 1100 shares, £2000 club.

So HSL say the contributions are split:-
35% shares and 65% club.

So... on this basis, HSL say the split for contibutions is 35% and 65% but Hibbies 1,2 & 3 still pay the way they voted.

They don't understand that though so bump gums....

Or have I got it wrong? ... If so, is my way better lol

You have it right.

Hibernian Supporters

[wallpaperman]

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You have it right.

Hibernian Supporters

Excellent, so HSL have categorically confirmed that 100% of each person’s donation goes to what they want.

I wasn’t sure, but now confirmed so that can be put to bed, can’t it?

[Eric]

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It sounds fine to me. Maybe misunderstood by some.... or me!

People saying I voted 100% for club so not happy their contribution is being split - I don't think it is split. The same with voting for shares.

If you voted 100% either way surely that is what happens. Is that not what they have said this morning.

For example

Hibby 1 - £100 contribution - 100% shares
Hibby 2 - £1000 contributon - 100% club
Hibby 3 - £2000 contribution - 50% each

Pot to HSL = £3100.
Made up of £ 1100 shares, £2000 club.

So HSL say the contributions are split:-
35% shares and 65% club.

So... on this basis, HSL say the split for contibutions is 35% and 65% but Hibbies 1,2 & 3 still pay the way they voted.

They don't understand that though so bump gums....

Or have I got it wrong? ... If so, is my way better lol

Also the contribution from Hibby 4 - who didn't vote - will be split 35/65 in accordance with the final outcome of the vote.

[hibbybob]

OfficialHSL - could you please clear some space in your mailbox. Thx.

[penihibs]

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OfficialHSL - could you please clear some space in your mailbox. Thx.

Can anybody explain why they don't reply to members who have been paying monthly for a while and send you email to pay the wrong amount to reach your goal for full membership.
Yet when you pay what you need to, they take 3 times what's due! and say they will sort this out yet do nothing.
I'm lucky I'm in position to take this hit imagine if you weren't charges all round from bank .
Get your house in order maybe this is reason why it's not been more successful.
Please reimburse me £110.00 you requested from my bank or I'm out..

[1875STEVE]

Are people not misunderstanding here??? or maybe I am??

If you voted 100% of your cash goes to club, thats what happens.

HSl (i think) are saying OVERALL that means 65% of ALL monies taken are going to the club, the other 35% set aside to buy shares.

[Rocky]

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Are people not misunderstanding here??? or maybe I am??

If you voted 100% of your cash goes to club, thats what happens.

HSl (i think) are saying OVERALL that means 65% of ALL monies taken are going to the club, the other 35% set aside to buy shares.

Yes, you're misunderstanding (not without good reason to be fair). HSL's position is that the outcome is roughly the same either way though.

[hongkonghibee]

I have just checked the official HSL website, and they are still claiming on the front page "to raise funds to acquire shares in Hibernian Football Club"
This has been untrue since October 1st. I find this really unacceptable for HSL not to have changed the website or taking it down until it is corrected .
Earlier on this thread i asked how HSL will deal with voting at the AGM with no reply . Anyone know? We now own 15.4% of our club, so if there is a vote on something at an AGM will we all be balloted on it first?