JKB poster saying HSL have a notice on companies house to be compulsory struck off.
Possibly wind up.
If not, then what will happen with shareholding?
Sell to club? Sell to individual bidders to bring in yet more cash that can go to the club?
I would buy some shares if available from HSL.
Results 31 to 60 of 86
Thread: Hsl
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26-03-2020 07:24 AM #31
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Last edited by HibbyDave; 26-03-2020 at 07:28 AM.
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26-03-2020 09:03 AM #32This quote is hidden because you are ignoring this member. Show Quote
The club was also late in submitting its confirmation statement and the accounts still haven't been filed - they're due by the 31st and the club will suffer a small fine if they're late. Is someone at the club (or auditors) not doing their job properly? It's all online filing and not particularly difficult, although the changes in shareholdings need to be included.Last edited by Caversham Green; 26-03-2020 at 09:05 AM.
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26-03-2020 10:32 AM #33This quote is hidden because you are ignoring this member. Show Quote
This routine submission has now been made. Not going to pretend it has anything to do with the Virus crisis, it was some issues we had with login in codes which then knocked on to be a simple oversight.
We continue to make donations to the Club and intend to give an update shortly.
Hibernian Supporters
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26-03-2020 01:08 PM #34This quote is hidden because you are ignoring this member. Show Quote
Edit: Just checked and it's registered online now.Last edited by Caversham Green; 26-03-2020 at 01:10 PM.
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26-03-2020 02:50 PM #35This quote is hidden because you are ignoring this member. Show Quote
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26-03-2020 04:02 PM #36
[QUOTE=1875STEVE;6127792]Good news, it would be good to find out just how much we have donated now.[/QUOTE
Good news
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26-03-2020 04:38 PM #37
[QUOTE=Gerard;6127837]
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The web site shows a figure of £770K, i don't know how accurate that figure is though, or when last updated.TOP CASH BACK
The easy way to make money
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30-03-2020 04:38 PM #38
Just got this via Email
Dear Fellow Supporter,
We thought it would be helpful to provide an update on things since our last communication in January.
Tragic world events have overtaken us all and have put everything in perspective. Clearly, like everyone else, our first thoughts are with those who have been directly affected by this dreadful virus.
As you may be aware we have continued to make donations to the Club from 1st October 2019 in accordance with your instructions. In addition to this we have also applied the same % split (65:35) to donations received from the date of the acquisition until 30th September 2019. Your Directors took this decision on the basis that we felt that Supporters had the same knowledge of affairs after the acquisition was announced and therefore had we taken a poll in early July we would have very likely had the same poll result. We are delighted to say that in total we have passed over £90,000 to the Club since the acquisition.
At our next Board Meeting we had intended to consider what to do about funds that we held at 30th June 2019, just before the acquisition. We are very clear that Members and donators had given us funds on the clear understanding that these funds were to be passed to the Club in exchange for shares. This is stated in our Articles and indeed had been consistently reported in all our communications. With this in mind we felt that this was not a decision to be made by your Directors as we cannot at any time invite donations from you indicating we will do one thing with your money only to do something else. We never forget that this is your Company and it benefits from your generous donations.
As previously stated events have moved on and we want to continue to help our Club. With this in mind we would like to suggest that we donate 65% of the funds that we held at 30th June last year to the Club now to help us get through this difficult period. If you agree, this would allow us to immediately transfer a further £16000 to the Club. We would also like to suggest that we shortcut this process by simply pushing ahead unless we receive any material dissenting voices before 5pm on Wednesday of this week. If we receive such objections to this course of action we can of course revert to taking a vote in order to receive clearer instructions. We do hope you find this an acceptable way to proceed but of course as ever await your feedback.
Finally, we can confirm that we will be seeking to significantly increase our help to our Club and will write again shortly.
James Adie
Chairman
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30-03-2020 05:00 PM #39
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No arguments from me.
Alcohol IS the answer, but I forget the question...
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30-03-2020 05:06 PM #41This quote is hidden because you are ignoring this member. Show Quote
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30-03-2020 05:07 PM #42
At this moment in time it's the right thing to do.
Sent from my SM-A750FN using Tapatalk
"I did not need any persuasion to play for such a great club, the Hibs result is still one of the first I look for"
Sir Matt Busby
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30-03-2020 05:09 PM #43
Yes just read the email and 100% agree
TOP CASH BACK
The easy way to make money
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30-03-2020 05:09 PM #44
Same from me. Does this mean that 35% of donations still sit with HSL and are not passed to the Club?
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30-03-2020 05:24 PM #45
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I’ve just got that email and 100% agreement from me. Glad to help the club in any way at this time
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30-03-2020 05:29 PM #46
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And mine
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30-03-2020 05:35 PM #47
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Happy to hand over the cash but maybe it’s time Ron Gordon sold the shares like STF or even open up more shares to fans to help with any cash flow issues.
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30-03-2020 05:49 PM #48This quote is hidden because you are ignoring this member. Show Quote
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30-03-2020 06:11 PM #49
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30-03-2020 08:00 PM #50This quote is hidden because you are ignoring this member. Show Quote
Ron has around 2/3 of the shares and he is very clear that he does not want to dilute his shareholding at the moment. This is why the original arrangement with HSL ended.
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30-03-2020 09:01 PM #51This quote is hidden because you are ignoring this member. Show Quote
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30-03-2020 09:11 PM #52This quote is hidden because you are ignoring this member. Show Quote
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30-03-2020 09:23 PM #53This quote is hidden because you are ignoring this member. Show Quote
I was bitterly disappointed that we couldn't get the meaningful shareholding and was in the sceptical camp generally until the current uncertainty descended, but owners come and go.
The club can have my contributions to give it the best chance of coming through this mess in the best possible shape.
Sent from my SM-A750FN using Tapatalk
"I did not need any persuasion to play for such a great club, the Hibs result is still one of the first I look for"
Sir Matt Busby
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30-03-2020 09:24 PM #54This quote is hidden because you are ignoring this member. Show Quote
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30-03-2020 11:32 PM #55
Would be happy if HSL passed every penny they hold to Hibs at this moment in time
According to the accounts 31% of Hibs is in the hands of HSL and individual shareholders, with Ron Gordon at 67%. If that is enough by now to prevent the club being asset stripped by Ron Gordon or any future owner then I for one would be happy to see HSL turned into a body whose only purpose is to receive donations which are then passed to the club for it's benefit on and off the park and forgetting the share buying aspect altogether.Last edited by NAE NOOKIE; 30-03-2020 at 11:37 PM.
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31-03-2020 08:41 AM #56
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Ron Gordon owns the majority shareholding in Hibs as such own the majority of the problems facing Hibs. As fans we are emotionally attached to the club, I’d argue that RG is still on that journey, but we are unprecedented times and as such we need to pull together. HSL was set up to give Hibs fans a share in the future of our club collectively, this was not bought into by as many Hibs fans as was hoped.
But the reality is HSL members have put in around £750k into Hibs. The club was sold and the new owner does want to reduce his shareholding, again this is understandable but things changes. Hibs like all businesses are facing a struggle for survival.
But football clubs are different as we all buy into the club with our hearts not just cash. But if RG wants HSL to help then I don’t think it’s unreasonable to reinstate the same deal that STF had with HSL to get more cash into Hibs. HSL were set up get a shares in Hibs for the fans not as an additional income stream for our multi million pound club owner.
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31-03-2020 09:00 AM #57This quote is hidden because you are ignoring this member. Show Quote
If the person/people who own the rest of the shares fancied cashing in if an approach was made by someone with bad intentions for Hibs then, bluntly speaking, the support would have no real say on the matter as things currently stand.Last edited by Daniel 1875; 31-03-2020 at 09:05 AM.
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31-03-2020 10:30 AM #58This quote is hidden because you are ignoring this member. Show Quote
I would ask why fans could be expected to donate money, what would the difference be between asking us to invest and seeking revenues elsewhere, apart from the obvious emotional draw that us supporters feel?
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31-03-2020 11:17 AM #59This quote is hidden because you are ignoring this member. Show Quote
This isn't quite right. This changed in January and we wrote to all our Members at that time to advise them that all donations from that point would be directed to the Club.
All donations being currently received are passed to the Club.
Hibernian Supporters
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31-03-2020 11:29 AM #60This quote is hidden because you are ignoring this member. Show Quote
Seems like a fairly substantial change after a vote was cast of all members around where funds would be directed at the end of September?
The theme of this thread, suggesting 100% of donations be handed to the club during the shutdown, would also suggest quite a few people are unaware of this change?Last edited by Daniel 1875; 31-03-2020 at 11:34 AM.
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