davemclaren Posted November 2, 2018 Share Posted November 2, 2018 During the dying days of the VR regime many hundreds on this forum very generously donated to allow us to buy shares in the late 2012 share issue to try and avoid administration or worse. This allowed those that couldn't afford, or didn't want to pay, the minimum subscription to donate some money to the club in its hour of great need. We raised around £40k ( an amazing figure ) which allowed us to buy 300,000 shares which are currently registered to JKB. Since we acquired the shares we have done nothing with them but we are now proposing to transfer all 300,000 shares to the Foundation of Hearts so they can be held and used by them for the benefit of all Hearts supporters. I've started this thread to get a feel for our memberships views on this proposal. Link to comment Share on other sites More sharing options...
JamboAl47 Posted November 2, 2018 Share Posted November 2, 2018 Go for it. Link to comment Share on other sites More sharing options...
1953 Posted November 2, 2018 Share Posted November 2, 2018 I wasn't a kickbacker then so didn't contribute but transferring the shares to the FOH sounds like a good plan to me. Link to comment Share on other sites More sharing options...
Heartsofgold Posted November 2, 2018 Share Posted November 2, 2018 100% agree. Link to comment Share on other sites More sharing options...
H2 Posted November 2, 2018 Share Posted November 2, 2018 (edited) Seems like a fair call to me. Edited November 2, 2018 by H2 Link to comment Share on other sites More sharing options...
merrymac Posted November 2, 2018 Share Posted November 2, 2018 100% Link to comment Share on other sites More sharing options...
Psychedelicropcircle Posted November 2, 2018 Share Posted November 2, 2018 Never put in on this but threw the £110 to buy shares at that time.I’d donate to FOH if I knew how ? Link to comment Share on other sites More sharing options...
trago13 Posted November 2, 2018 Share Posted November 2, 2018 Absolutely ?? Link to comment Share on other sites More sharing options...
Jack Torrance Posted November 2, 2018 Share Posted November 2, 2018 Yes. Great idea. Link to comment Share on other sites More sharing options...
kila Posted November 2, 2018 Share Posted November 2, 2018 All for the same goal Link to comment Share on other sites More sharing options...
maroon66 Posted November 2, 2018 Share Posted November 2, 2018 Definitely ?? Link to comment Share on other sites More sharing options...
Sooperstar Posted November 2, 2018 Share Posted November 2, 2018 Fine with me. Link to comment Share on other sites More sharing options...
Kiwidoug Posted November 2, 2018 Share Posted November 2, 2018 All for it. Link to comment Share on other sites More sharing options...
Tasavallan Posted November 2, 2018 Share Posted November 2, 2018 The point I would Iike to make is that Ann Budge does not own Heart of Midlothian FC. It is owned by the shareholders. It annoys me that the Hearts website and even Mrs Budge herself refer to her as the owner. I own 100K shares that I bought to insure Romanov would never own my club 100%. The same goes for Mrs Budge. Link to comment Share on other sites More sharing options...
Pans Jambo Posted November 2, 2018 Share Posted November 2, 2018 Jambos. As one. Do it. Link to comment Share on other sites More sharing options...
Knicksen Posted November 2, 2018 Share Posted November 2, 2018 Aye. Link to comment Share on other sites More sharing options...
Carl Weathers Posted November 2, 2018 Share Posted November 2, 2018 (edited) 8 minutes ago, Tasavallan said: The point I would Iike to make is that Ann Budge does not own Heart of Midlothian FC. It is owned by the shareholders. It annoys me that the Hearts website and even Mrs Budge herself refer to her as the owner. I own 100K shares that I bought to insure Romanov would never own my club 100%. The same goes for Mrs Budge. I thought she owns Bidco 1874 which bought the club? Majority shareholder might be more appropriate than owner. Edited November 2, 2018 by Carl Weathers Link to comment Share on other sites More sharing options...
Beast Boy Posted November 2, 2018 Share Posted November 2, 2018 Fine by me. Link to comment Share on other sites More sharing options...
davemclaren Posted November 2, 2018 Author Share Posted November 2, 2018 8 minutes ago, Tasavallan said: The point I would Iike to make is that Ann Budge does not own Heart of Midlothian FC. It is owned by the shareholders. It annoys me that the Hearts website and even Mrs Budge herself refer to her as the owner. I own 100K shares that I bought to insure Romanov would never own my club 100%. The same goes for Mrs Budge. She is currently the majority shareholder by far so it's pretty academic but I get your point. Link to comment Share on other sites More sharing options...
Marvin Posted November 2, 2018 Share Posted November 2, 2018 27 minutes ago, davemclaren said: During the dying days of the VR regime many hundreds on this forum very generously donated to allow us to buy shares in the late 2012 share issue to try and avoid administration or worse. This allowed those that couldn't afford, or didn't want to pay, the minimum subscription to donate some money to the club in its hour of great need. We raised around £40k ( an amazing figure ) which allowed us to buy 300,000 shares which are currently registered to JKB. Since we acquired the shares we have done nothing with them but we are now proposing to transfer all 300,000 shares to the Foundation of Hearts so they can be held and used by them for the benefit of all Hearts supporters. I've started this thread to get a feel for our memberships views on this proposal. Great idea Dave Link to comment Share on other sites More sharing options...
whytebeard Posted November 2, 2018 Share Posted November 2, 2018 28 minutes ago, davemclaren said: During the dying days of the VR regime many hundreds on this forum very generously donated to allow us to buy shares in the late 2012 share issue to try and avoid administration or worse. This allowed those that couldn't afford, or didn't want to pay, the minimum subscription to donate some money to the club in its hour of great need. We raised around £40k ( an amazing figure ) which allowed us to buy 300,000 shares which are currently registered to JKB. Since we acquired the shares we have done nothing with them but we are now proposing to transfer all 300,000 shares to the Foundation of Hearts so they can be held and used by them for the benefit of all Hearts supporters. I've started this thread to get a feel for our memberships views on this proposal. Could we not use the money for better drums and flags for the Gorgie boys ? Link to comment Share on other sites More sharing options...
Clark Griswold Posted November 2, 2018 Share Posted November 2, 2018 Sounds good Link to comment Share on other sites More sharing options...
jambos are go! Posted November 2, 2018 Share Posted November 2, 2018 I'd hold on to them as a small but potentially useful interest group. Who knows what shareholder politics will be in place in the future. Link to comment Share on other sites More sharing options...
queensferryjambo Posted November 2, 2018 Share Posted November 2, 2018 Dave when you are talking about the views of the membership are you talking about the views of paid members or all forum members? Also are you asking the people who donated or both anyone? The reason I ask is frankly taking advice from people who are not paid members or did not donate towards the shares might be a bit messy on here with interlopers, trolls etc Either way I put into buying group shares and am a paid member so I say yes transfer them to FOH. Link to comment Share on other sites More sharing options...
Hereward Posted November 2, 2018 Share Posted November 2, 2018 In favour of giving them to FoH ? Link to comment Share on other sites More sharing options...
davemclaren Posted November 2, 2018 Author Share Posted November 2, 2018 4 minutes ago, jambos are go! said: I'd hold on to them as a small but potentially useful interest group. Who knows what shareholder politics will be in place in the future. We did think about that that but a fan's forum doesn't really have a consolidated opinion it could act on. FoH provides the best available vehicle for representing the supporter view, in my opinion anyway. Link to comment Share on other sites More sharing options...
Thurlaston Posted November 2, 2018 Share Posted November 2, 2018 Sounds like a good idea to me. Link to comment Share on other sites More sharing options...
davemclaren Posted November 2, 2018 Author Share Posted November 2, 2018 3 minutes ago, queensferryjambo said: Dave when you are talking about the views of the membership are you talking about the views of paid members or all forum members? Also are you asking the people who donated or both anyone? The reason I ask is frankly taking advice from people who are not paid members or did not donate towards the shares might be a bit messy on here with interlopers, trolls etc Either way I put into buying group shares and am a paid member so I say yes transfer them to FOH. Anyone. Identifying who actually contributed is tricky given the data and software migrations since 2012. This isn't a binding referendum just a means to get a rough feel. Link to comment Share on other sites More sharing options...
Taffin Posted November 2, 2018 Share Posted November 2, 2018 It's a nice idea but it doesn't really benefit FOH does it? I don't really understand it all but unless they need them it would be good for Kickback to retain them. Link to comment Share on other sites More sharing options...
Boab Posted November 2, 2018 Share Posted November 2, 2018 29 minutes ago, davemclaren said: We did think about that that but a fan's forum doesn't really have a consolidated opinion it could act on. FoH provides the best available vehicle for representing the supporter view, in my opinion anyway. I suppose subscribed members could use a vote on this forum...a la FOH ! Maybe the way to decide ? That's subscribed members back in 2012....maybe ! Link to comment Share on other sites More sharing options...
Don Dan Posted November 2, 2018 Share Posted November 2, 2018 I totally disagree. We should donate them to the Neil Lennon Sympathy Fund for hard done by welts. Or we could donate them to the HSL as they are struggling to raise a fart for their share issue. Not really ? FoH is the place they should be going even although I wasn’t on JKB back then however I bought my own at the time. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted November 2, 2018 Share Posted November 2, 2018 So they exist in an umbrella organisation and we give them to another umbrella organisation? Failing to spot the difference here. Maybe sell them instead and upgrade the servers? Just a thought. Link to comment Share on other sites More sharing options...
Bull's-eye Posted November 2, 2018 Share Posted November 2, 2018 Definitely give the shares to FOH, the plan was never to give JKB shares in the 1st place. It was used a vehicle to save the club and the genius who thought up the idea to bring low donations together deserves massive credit for such great out of the box thinking. Shares back to FOH is a great idea. Link to comment Share on other sites More sharing options...
Mister Dee Posted November 2, 2018 Share Posted November 2, 2018 Agree 100% Link to comment Share on other sites More sharing options...
Pants Shaton Posted November 2, 2018 Share Posted November 2, 2018 Seems the right thing to do. Link to comment Share on other sites More sharing options...
TNCASTLE Posted November 2, 2018 Share Posted November 2, 2018 1 hour ago, Tasavallan said: The point I would Iike to make is that Ann Budge does not own Heart of Midlothian FC. It is owned by the shareholders. It annoys me that the Hearts website and even Mrs Budge herself refer to her as the owner. I own 100K shares that I bought to insure Romanov would never own my club 100%. The same goes for Mrs Budge. Budge talks about “governance” after fan ownership. Since hers was a business arrangement with nothing to do with owning the club, it makes me uncomfortable, particularly in having no risk. Ultimately I want the club driven by a group or individual with a fair amount of equity and risk. I’m certain FoH will arrange that. Link to comment Share on other sites More sharing options...
BlingCrosby Posted November 2, 2018 Share Posted November 2, 2018 Do it Link to comment Share on other sites More sharing options...
JamboGraham Posted November 2, 2018 Share Posted November 2, 2018 8 minutes ago, Geoff Kilpatrick said: So they exist in an umbrella organisation and we give them to another umbrella organisation? Failing to spot the difference here. Maybe sell them instead and upgrade the servers? Just a thought. You don’t understand the difference between JKB and FOH? Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted November 2, 2018 Share Posted November 2, 2018 6 minutes ago, JamboGraham said: You don’t understand the difference between JKB and FOH? I think you need to read the post again. It was referring to the point made earlier about JKB not taking "positions" on voting etc. FoH is a group membership structure yet it does so. Therefore, there is nothing to stop Kickback doing the same if it chooses to. Link to comment Share on other sites More sharing options...
hughesie27 Posted November 2, 2018 Share Posted November 2, 2018 I'd rather KB kept hold of them as I don't really see what purpose it serves and it would be good to have a sizeable chunk of shares outside of FOH. Ultimately it probably won't matter in the long run though and it seems I'm in the minority with that opinion anyway. Link to comment Share on other sites More sharing options...
Bazzas right boot Posted November 2, 2018 Share Posted November 2, 2018 Seems sensible, or pay of Martin ? Link to comment Share on other sites More sharing options...
davemclaren Posted November 2, 2018 Author Share Posted November 2, 2018 3 minutes ago, Geoff Kilpatrick said: I think you need to read the post again. It was referring to the point made earlier about JKB not taking "positions" on voting etc. FoH is a group membership structure yet it does so. Therefore, there is nothing to stop Kickback doing the same if it chooses to. We choose not tbh. Link to comment Share on other sites More sharing options...
Jamboelite Posted November 2, 2018 Share Posted November 2, 2018 (edited) 100% agree. While we are here i never got my certificate for the shares i bought as i moved, any idea how i go about getting them ??? Edited November 2, 2018 by Jamboelite Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted November 2, 2018 Share Posted November 2, 2018 Just now, davemclaren said: We choose not tbh. Indeed, which is fair enough. Anyway, I'm not really that bothered as I never chipped in for that share issue anyway as it was pissing money away. I bought tickets instead. Perhaps ask those who chipped in or split them between them if possible? Link to comment Share on other sites More sharing options...
Footballfirst Posted November 2, 2018 Share Posted November 2, 2018 (edited) I think JKB should hang onto them, if nothing else to retain a shareholder voice for a group of fans who aren't necessarily active FOH members (ref my concerns re governance). Another 0.2% or so will make no difference to FOH. The decision should be down to those who contributed the share purchase though. Edited November 2, 2018 by Footballfirst Link to comment Share on other sites More sharing options...
Unknown user Posted November 2, 2018 Share Posted November 2, 2018 Right now the FoH are run by people of integrity with the best interests of the club at heart. But you never know what the future brings, I think it would be sensible to keep hold of them as an independent entity. Link to comment Share on other sites More sharing options...
3rd gen jambo Posted November 2, 2018 Share Posted November 2, 2018 The right thing to do. HHGH Link to comment Share on other sites More sharing options...
XB52 Posted November 2, 2018 Share Posted November 2, 2018 I bought thousands of shares but can't remember if I also contributed some money for jkb to buy some. Anyway I am all in favour of giving them to foh Link to comment Share on other sites More sharing options...
fabienleclerq Posted November 2, 2018 Share Posted November 2, 2018 I don't quite understand how it would benefit the club or JKB if the shares are kept by JKB. If any decisions had to be made would it be by vote? By paid members as contributors can't be tracked? I think they are best with FOH. Link to comment Share on other sites More sharing options...
Chaka Demus & pliers Posted November 2, 2018 Share Posted November 2, 2018 Agree with passing them to FOH. Link to comment Share on other sites More sharing options...
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