Oh to be a Hibs fan

[sadj]

3 minutes ago, Icon of Symmetry said:

 

I hope that is the reason. The alternative of course, is that Ron wanted a controlling shareholding, but it was orchestrated in such a way that there was always going to be 25% of shares available for the fans to buy. I guess we will find out when HSL contact the nominees and propose a consortium/merger.

 

I'm still hoping the nominees have zero interest in working with HSL, and they tell them to go and get knotted.

 

I reckon they’ll arrange a meeting , then as they are away to vote on the merger the nominee (there is only one) rips off his mask to reveal he’s Petrie and he has always cared about the Hibs...as the cheers ring out he rips off the Petri mask and fat suit to reveal its Romanov and has FTH tattooed across his forward. He then stands up and says “Yes its true , I Vladimir Romanov bought 9.9% of shares with these nominees companies but it is in the name of Heart of Midlothian. H E A R T S.....” I mean obvs we’d need to wait for Charlie Mann to translate it but....

[Beast Boy]

3 minutes ago, Mikey1874 said:

 

But as their Chairman says in EEN they had 4 years to get the amount to get a seat on the board and they didn't. 

 

I don't think they can complain too much. 

 

1 minute ago, Lovecraft said:

https://www.edinburghnews.scotsman.com/sport/football/hibs/leeann-dempster-outlines-hibs-share-deals-1-3694737

 

From 2015

 

 

Hibs’ move towards fan ownership at Easter Road – offering supporters the chance to buy up to 51 per cent of the shares in the Capital club – has provoked plenty of debate since it was unveiled almost two months ago.

Under the scheme, fans will ultimately own both the stadium and training centre at East Mains, with up to £2.5 million being raised, all of which will be poured into the football club to “help fund sporting ambition.”

 

Legitimate businessman and philanthropic all round nice guy Bradley Welsh, and The Human Blobfish Paul "Kano" Kane undoubtedly played a part in ensuring that HSL never took off. Their cries of "PONZI SCHEME" sowed seeds of doubt in the feeble-minded Lochend masses. Shame.

[Tasavallan]

11 hours ago, jimbojambo said:

As I recall there was a group and a comedian but the great Bob Crampsey was the highlight with a speech around Old Firm bias. As you say a really good night for my first hero who Hearts treated really badly. I remember him serving me in Scott's and he was quite bitter about it. 

In the late 70s I was based in Charlotte Sq., Scott's was my local and I spent many an evening after work chatting to Jim.  He disliked talking about Hearts but when he did, after a few shandies, he was not complimentary of the Board.   

[Mr Brightside]

I am looking forward to the point where Ron wants to give Hibs cash but in the format of generating new shares thus diluting HSL further.

Do HSL vote to accept the cash and dilute their share or to they vote against the capital injection to keep there shareholding.

 

 Imagine the infighting at either option.

[better_call_saul]

HIBERNIAN SUPPORTERS 1875 – A FAN FOR ALL REASONS

In our earlier communication to you, we were keen to get factual information to you as soon as possible. On reflection, we were not able to convey an emotion which we know is shared by many of you – disappointment. Yes, like you, we were disappointed that we were unable to achieve our desired stake prior to the acquisition, however, like every other Hibs supporter disappointment is soon replaced by optimism and enthusiasm.

The purpose of Hibernian Supporters was to help the Club by acquiring as many shares in the Club as possible. We would suspect our Members continue to support this objective and want to move forward positively. Before moving forward however it is sometimes helpful to glance back to help you with your bearings.

In late December 2014 the Club announced the results of a Strategic Review that the Board had undertaken over the preceding months. The Board sought to give supporters the opportunity to acquire shares in the Club and from what we recall authorised the issue of an additional 62,500,000 shares. A consequence of this was that if supporters had bought all of these shares the existing principal shareholder would have it's stake reduced to 49%. Of course around 1% was already in the hands of ordinary supporters. Individual supporters were given the opportunity to buy shares as well as Hibernian Supporters Ltd which was formed around the same time. So from these simple facts it was clear that Hibernian Supporters had no prospect of acquiring more than 50% and in all likelihood a figure well below that was more realistic. Hibernian Supporters was particularly helpful to fans who could not afford a lump sum. The shares were offered to everyone at 4p per share.

The Board of Hibernian Supporters saw this as a very good opportunity to help our Club as well as giving supporters with an interest in fan ownership the opportunity to participate. We stepped forward in response to the offer made by the Club. We think it is fair to say that from there on we set our goal as achieving a meaningful stake and defined this as 25.1% The Club made this an even more attractive idea by committing to directing all of the funds received from us to the football budget.

Can we say to all our fellow Members of Hibernian Supporters well done, congratulations and thank you. You did not and have not failed. You knew an offer when you saw one, it’s just a shame that others didn’t see it. You were not put off by all the detractors along the way and you have supported your Club with generosity and passion. Oh, and by the way, what have you achieved to date?

Four years ago we owned zero shares in the Club and now we own approximately 15.4 %
You donated over £800,000 to the cause at a time when our Club needed money.
That money allowed the Club to bring players to the team that would simply not have happened without it.
And finally, those players that we helped to bring in delivered us the Scottish Cup on the 21st May 2016 and our promotion back to the SPFL.
Going forward, we are pleased to confirm that your Board have now had the opportunity to meet and consider the issues raised as a result of the acquisition and whilst we have a few points to tidy up, Hibernian Supporters have a key role to play in our Clubs future.
The first issue for consideration is - what do our Members want going forward? We are simply your Directors and this Company is owned by you. We are in the process of organising two Consultation Meetings to be held at the Stadium. We are hoping the first one will be next week and will of course confirm dates as soon as we have these. We would expect the second Consultation with our Members in the week beginning 5th August, again we will confirm the exact dates as soon as we have these confirmed.

We have also accepted a very kind invitation from the HSA to join them at Sunnyside to help inform their Members, many of whom are also Members of Hibernian Supporters. Again we await the exact date but this will be confirmed shortly.

As I said earlier, while some feel disappointed, it is important to make clear our starting point. Our principal objective remains the same. While we cannot buy any more shares from the Club there are still approximately 17.4 % shares in the hands of small shareholders and Nominee shareholders. We have already received share donations from small shareholders. While it remains arithmetically possible to achieve the 25.1% stake we believe that you would feel that your Board would be letting you down were we to suggest abandoning this aim as soon as we stumble across the first hurdle.

In simple terms its business as usual.

Hibernian Supporters is the second largest shareholder in the Club. It will continue to be relevant and after our Consultation process we feel sure that you will feel it is the best platform for all Hibs fans to help the Club.

Our infrastructure is established, robust and flexible and able to take care of everyone’s needs. If you can’t or don’t want to provide additional financial assistance to our Club that is fully understandable.

If you previously did not want to engage with Hibernian Supporters for personal reasons perhaps things have changed for you.

If you don’t have any interest whatsoever in any ownership matters we can help, and it is still worthwhile visiting our web site. Go to the donate page but rather than click for Membership click on the “donate” button. You will not become a Member of Hibernian Supporters and you will not receive a Membership Certificate. Your money will simply be passed on to the Club. This will appeal to all of those supporters who were searching for this alternative.

For our Members and prospective Members who wish to continue on this journey we can even deal with differing views. For those that want their funds going to the playing budget – that will happen. For those that want their funds going to infrastructure projects – that will happen. One thing you can feel certain of is that we will listen carefully to our Members over the coming weeks, since, at the end of the day you are the owners of this Company.

Things will continue as planned. Our Members Board continues, our third strip continues, initiatives continue.

Whatever your reasons for supporting your Club, Hibernian Supporters is your platform.


James Adie
Chairman

[Lovecraft]

4 minutes ago, better_call_saul said:

HIBERNIAN SUPPORTERS 1875 – A FAN FOR ALL REASONS

In our earlier communication to you, we were keen to get factual information to you as soon as possible. On reflection, we were not able to convey an emotion which we know is shared by many of you – disappointment. Yes, like you, we were disappointed that we were unable to achieve our desired stake prior to the acquisition, however, like every other Hibs supporter disappointment is soon replaced by optimism and enthusiasm.

The purpose of Hibernian Supporters was to help the Club by acquiring as many shares in the Club as possible. We would suspect our Members continue to support this objective and want to move forward positively. Before moving forward however it is sometimes helpful to glance back to help you with your bearings.

In late December 2014 the Club announced the results of a Strategic Review that the Board had undertaken over the preceding months. The Board sought to give supporters the opportunity to acquire shares in the Club and from what we recall authorised the issue of an additional 62,500,000 shares. A consequence of this was that if supporters had bought all of these shares the existing principal shareholder would have it's stake reduced to 49%. Of course around 1% was already in the hands of ordinary supporters. Individual supporters were given the opportunity to buy shares as well as Hibernian Supporters Ltd which was formed around the same time. So from these simple facts it was clear that Hibernian Supporters had no prospect of acquiring more than 50% and in all likelihood a figure well below that was more realistic. Hibernian Supporters was particularly helpful to fans who could not afford a lump sum. The shares were offered to everyone at 4p per share.

The Board of Hibernian Supporters saw this as a very good opportunity to help our Club as well as giving supporters with an interest in fan ownership the opportunity to participate. We stepped forward in response to the offer made by the Club. We think it is fair to say that from there on we set our goal as achieving a meaningful stake and defined this as 25.1% The Club made this an even more attractive idea by committing to directing all of the funds received from us to the football budget.

Can we say to all our fellow Members of Hibernian Supporters well done, congratulations and thank you. You did not and have not failed. You knew an offer when you saw one, it’s just a shame that others didn’t see it. You were not put off by all the detractors along the way and you have supported your Club with generosity and passion. Oh, and by the way, what have you achieved to date?

Four years ago we owned zero shares in the Club and now we own approximately 15.4 %
You donated over £800,000 to the cause at a time when our Club needed money.
That money allowed the Club to bring players to the team that would simply not have happened without it.
And finally, those players that we helped to bring in delivered us the Scottish Cup on the 21st May 2016 and our promotion back to the SPFL.
Going forward, we are pleased to confirm that your Board have now had the opportunity to meet and consider the issues raised as a result of the acquisition and whilst we have a few points to tidy up, Hibernian Supporters have a key role to play in our Clubs future.
The first issue for consideration is - what do our Members want going forward? We are simply your Directors and this Company is owned by you. We are in the process of organising two Consultation Meetings to be held at the Stadium. We are hoping the first one will be next week and will of course confirm dates as soon as we have these. We would expect the second Consultation with our Members in the week beginning 5th August, again we will confirm the exact dates as soon as we have these confirmed.

We have also accepted a very kind invitation from the HSA to join them at Sunnyside to help inform their Members, many of whom are also Members of Hibernian Supporters. Again we await the exact date but this will be confirmed shortly.

As I said earlier, while some feel disappointed, it is important to make clear our starting point. Our principal objective remains the same. While we cannot buy any more shares from the Club there are still approximately 17.4 % shares in the hands of small shareholders and Nominee shareholders. We have already received share donations from small shareholders. While it remains arithmetically possible to achieve the 25.1% stake we believe that you would feel that your Board would be letting you down were we to suggest abandoning this aim as soon as we stumble across the first hurdle.

In simple terms its business as usual.

Hibernian Supporters is the second largest shareholder in the Club. It will continue to be relevant and after our Consultation process we feel sure that you will feel it is the best platform for all Hibs fans to help the Club.

Our infrastructure is established, robust and flexible and able to take care of everyone’s needs. If you can’t or don’t want to provide additional financial assistance to our Club that is fully understandable.

If you previously did not want to engage with Hibernian Supporters for personal reasons perhaps things have changed for you.

If you don’t have any interest whatsoever in any ownership matters we can help, and it is still worthwhile visiting our web site. Go to the donate page but rather than click for Membership click on the “donate” button. You will not become a Member of Hibernian Supporters and you will not receive a Membership Certificate. Your money will simply be passed on to the Club. This will appeal to all of those supporters who were searching for this alternative.

For our Members and prospective Members who wish to continue on this journey we can even deal with differing views. For those that want their funds going to the playing budget – that will happen. For those that want their funds going to infrastructure projects – that will happen. One thing you can feel certain of is that we will listen carefully to our Members over the coming weeks, since, at the end of the day you are the owners of this Company.

Things will continue as planned. Our Members Board continues, our third strip continues, initiatives continue.

Whatever your reasons for supporting your Club, Hibernian Supporters is your platform.


James Adie
Chairman

[Lovecraft]

£800K in 4 years

 

 

[David McCaig]

Good to see that they settled on purchasing 15.40% of the shares in honour of the two Edinburgh derbies played at Hampden.

[better_call_saul]

3 minutes ago, Lovecraft said:

£800K in 4 years

 

 

 

£200K a year.

£16,666 a month.

£6.66 a month from 2500 subscribers.

 

[Lovecraft]

1 hour ago, Footballfirst said:

The Nominee companies holdings:

 

 From ARTICLES OF ASSOCIATION OF HIBERNIAN SUPPORTERS LIMITED

 

MEMBERSHIP

19.            APPLICATION FOR MEMBERSHIP

19.1         No person shall become a Member unless he has completed an application for membership in a form approved by the directors from time to time, or has otherwise agreed to become a Member in a way acceptable to the directors. A document shall be sent to each successful applicant confirming their membership of the Company, and the details of each successful applicant shall be entered into the Register of Members by the Company.

 

19.2         The directors may decline to accept any application for membership if, acting reasonably and properly, they consider it is in the best interests of the Company as a whole to decline to accept, and need not give reasons for doing so.

 

19.3         The directors may prescribe criteria for membership of the Company but shall not be obliged to accept persons fulfilling those criteria as Members. In panicular, the prescribed criteria may make provision about the payment of amounts to the Company, whether by way of contributions, subscriptions, entrance or otherwise provided always that no Member shall be entitled to make payment to the Company, whether by way of contributions, subscriptions, entrance fees or otherwise, of an aggregate amount in excess of £125,000.

 

[Lovecraft]

11 minutes ago, better_call_saul said:

 

£200K a year.

£16,666 a month.

£6.66 a month from 2500 subscribers.

 

[millerjames398]

30 minutes ago, better_call_saul said:

HIBERNIAN SUPPORTERS 1875 – A FAN FOR ALL REASONS

In our earlier communication to you, we were keen to get factual information to you as soon as possible. On reflection, we were not able to convey an emotion which we know is shared by many of you – disappointment. Yes, like you, we were disappointed that we were unable to achieve our desired stake prior to the acquisition, however, like every other Hibs supporter disappointment is soon replaced by optimism and enthusiasm.

The purpose of Hibernian Supporters was to help the Club by acquiring as many shares in the Club as possible. We would suspect our Members continue to support this objective and want to move forward positively. Before moving forward however it is sometimes helpful to glance back to help you with your bearings.

In late December 2014 the Club announced the results of a Strategic Review that the Board had undertaken over the preceding months. The Board sought to give supporters the opportunity to acquire shares in the Club and from what we recall authorised the issue of an additional 62,500,000 shares. A consequence of this was that if supporters had bought all of these shares the existing principal shareholder would have it's stake reduced to 49%. Of course around 1% was already in the hands of ordinary supporters. Individual supporters were given the opportunity to buy shares as well as Hibernian Supporters Ltd which was formed around the same time. So from these simple facts it was clear that Hibernian Supporters had no prospect of acquiring more than 50% and in all likelihood a figure well below that was more realistic. Hibernian Supporters was particularly helpful to fans who could not afford a lump sum. The shares were offered to everyone at 4p per share.

The Board of Hibernian Supporters saw this as a very good opportunity to help our Club as well as giving supporters with an interest in fan ownership the opportunity to participate. We stepped forward in response to the offer made by the Club. We think it is fair to say that from there on we set our goal as achieving a meaningful stake and defined this as 25.1% The Club made this an even more attractive idea by committing to directing all of the funds received from us to the football budget.

Can we say to all our fellow Members of Hibernian Supporters well done, congratulations and thank you. You did not and have not failed. You knew an offer when you saw one, it’s just a shame that others didn’t see it. You were not put off by all the detractors along the way and you have supported your Club with generosity and passion. Oh, and by the way, what have you achieved to date?

Four years ago we owned zero shares in the Club and now we own approximately 15.4 %
You donated over £800,000 to the cause at a time when our Club needed money.
That money allowed the Club to bring players to the team that would simply not have happened without it.
And finally, those players that we helped to bring in delivered us the Scottish Cup on the 21st May 2016 and our promotion back to the SPFL.
Going forward, we are pleased to confirm that your Board have now had the opportunity to meet and consider the issues raised as a result of the acquisition and whilst we have a few points to tidy up, Hibernian Supporters have a key role to play in our Clubs future.
The first issue for consideration is - what do our Members want going forward? We are simply your Directors and this Company is owned by you. We are in the process of organising two Consultation Meetings to be held at the Stadium. We are hoping the first one will be next week and will of course confirm dates as soon as we have these. We would expect the second Consultation with our Members in the week beginning 5th August, again we will confirm the exact dates as soon as we have these confirmed.

We have also accepted a very kind invitation from the HSA to join them at Sunnyside to help inform their Members, many of whom are also Members of Hibernian Supporters. Again we await the exact date but this will be confirmed shortly.

As I said earlier, while some feel disappointed, it is important to make clear our starting point. Our principal objective remains the same. While we cannot buy any more shares from the Club there are still approximately 17.4 % shares in the hands of small shareholders and Nominee shareholders. We have already received share donations from small shareholders. While it remains arithmetically possible to achieve the 25.1% stake we believe that you would feel that your Board would be letting you down were we to suggest abandoning this aim as soon as we stumble across the first hurdle.

In simple terms its business as usual.

Hibernian Supporters is the second largest shareholder in the Club. It will continue to be relevant and after our Consultation process we feel sure that you will feel it is the best platform for all Hibs fans to help the Club.

Our infrastructure is established, robust and flexible and able to take care of everyone’s needs. If you can’t or don’t want to provide additional financial assistance to our Club that is fully understandable.

If you previously did not want to engage with Hibernian Supporters for personal reasons perhaps things have changed for you.

If you don’t have any interest whatsoever in any ownership matters we can help, and it is still worthwhile visiting our web site. Go to the donate page but rather than click for Membership click on the “donate” button. You will not become a Member of Hibernian Supporters and you will not receive a Membership Certificate. Your money will simply be passed on to the Club. This will appeal to all of those supporters who were searching for this alternative.

For our Members and prospective Members who wish to continue on this journey we can even deal with differing views. For those that want their funds going to the playing budget – that will happen. For those that want their funds going to infrastructure projects – that will happen. One thing you can feel certain of is that we will listen carefully to our Members over the coming weeks, since, at the end of the day you are the owners of this Company.

Things will continue as planned. Our Members Board continues, our third strip continues, initiatives continue.

Whatever your reasons for supporting your Club, Hibernian Supporters is your platform.


James Adie
Chairman

Brilliant they own 1-5% of the club with a .4 in for good measure, essentially our hampden scoring record against them😂😂🇱🇻

[Allowayjambo1874]

So basically HSL are asking people to keep paying in the hope that at some point shares will become available for them to purchase. They own 15.4%, nominees/investment companies own 9.9% and small shareholders own about 7.5%. Seems to me to be dead in the water now as I doubt any supporter with small amount of shares will sell to them as they will have been an emotional purchase not something to trade. That leaves the investor type groups and even at 4p a share the smallest nominee group have 125k shares which is £5k, The big ones have ten times that, HSL will struggle financially to buy if they come up for sale especially if they go up against the new owner.

 

Can’t see the donations holding up they are bound to lose a few people so this feels like something that will just drift on and dwindle over the next few years. 

 

Be interesting to see where things are in 12 months with them, how many more shares they have acquired and how much cash is sitting in the bank. 

 

Like all things Hibs they are now just an irrelevance.

 

[queensferryjambo]

https://www.edinburghnews.scotsman.com/sport/football/hibs/latest-hibs-news/hibs-takeover-raises-concerns-over-fans-stake-in-club-1-4967552

 

'There’s fan ownership and there’s fan ownership. Different models exist, something Adie is keen to stress. “The jury is out on majority fan ownership,” he said. “There are a number of clubs where majority fan ownership exists but they are small clubs, so it is difficult to say if it has been successful.”

“Our friends across the city are probably going to be the guinea pig,” he added. “They will be the first ones where you can say they have majority fan ownership and it is a reasonable sized club. Let’s see how that unfolds.'

 

So Jim Adie wanted and worked hard for years for majority fan ownership for Hibs. When Hibs couldn't get all their fans to put their Giros together majority fan ownership suddenly becomes a bad experiment to him.

 

Hearts actually achieving fan ownership now makes us Guinea Pigs in his eyes. His snide 'let's see how that unfolds' comment clearly shows he thinks it will now fail at Hearts or at least he hopes it does.

 

Jim Adie comes across as a bitter man who has failed and taken money from the Hibs support that has effectively done nothing to meet it's end goal.

 

His bitter quotes are very Hibs. 

 

Mr Adie is on the far right photo taken with all the other people happy to take Hibs fans cash for fan ownership that can now never happen.

 

[Morgan]

23 hours ago, corryjambo said:

 

Roughly would be £8 at today's prices. 

 

Still a cheap night out compared to £38.

I was having a wee think about this.

 

Surely, in 44 years, the ticket price would have increased an awful lot more than from £2 to £8?

 

What method did you calculate this by?

 

For example, a pint of beer probably cost somewhere between 35 and 45 pence in 1975. Nowadays, in a similar establishment one would be lucky to get a pint for under £5 or £6!

 

 

 

[Des Lynam]

52 minutes ago, better_call_saul said:

HIBERNIAN SUPPORTERS 1875 – A FAN FOR ALL REASONS


Pony up 


James Adie
Chairman

 

[Des Lynam]

3 minutes ago, Morgan said:

I was having a wee think about this.

 

Surely, in 44 years, the ticket price would have increased an awful lot more than from £2 to £8?

 

What method did you calculate this by?

 

For example, a pint of beer probably cost somewhere between 35 and 45 pence in 1975. Nowadays, in a similar establishment one would be lucky to get a pint for under £5 or £6!

 

 

 

 

It would be about £16 nowadays. 

[Mikey1874]

5 minutes ago, Morgan said:

I was having a wee think about this.

 

Surely, in 44 years, the ticket price would have increased an awful lot more than from £2 to £8?

 

What method did you calculate this by?

 

For example, a pint of beer probably cost somewhere between 35 and 45 pence in 1975. Nowadays, in a similar establishment one would be lucky to get a pint for under £5 or £6!

 

 

 

 

Not sure how accurate these are

 

https://www.google.com/amp/s/www.thisismoney.co.uk/money/bills/article-1633409/amp/Historic-inflation-calculator-value-money-changed-1900.html

[Footballfirst]

35 minutes ago, Lovecraft said:

 From ARTICLES OF ASSOCIATION OF HIBERNIAN SUPPORTERS LIMITED

 

............... that no Member shall be entitled to make payment to the Company, whether by way of contributions, subscriptions, entrance fees or otherwise, of an aggregate amount in excess of £125,000.

 

The Nominee holdings are outside of HSL so do not require to adhere to the HSL AoA.

 

Hibs ran a share issue in parallel with the launch of HSL starting in early 2015, so that attracted new individual and nominee holdings. That issue ended around the end of July 2015, so saw a spike in the number of shares issued at that date. Similarly there was another spike just before the financial year end in June 2016 that reflects the second tranche of nominee purchases.

 

Prior to the launch of the share schemes, just 1.8% of shares were held by "fans" with HFC Holdings (STF/RP) holding 98.2%.

 

The balance of shares held by individual fans is now 7.5% (that excludes Bydand, HSL and the Nominees).

 

HSL, the Nominees and individual fans bought their shares at 4p a share so, for example, Bass Rock's 1% (1,250,000) would have cost £50k.  You can work the numbers back to see who put how much money into the club in new shares since 2015 and prior to the takeover.

 

HSL £770k

Nominees £495k

Individual shareholders £329k

Edited July 19, 2019 by Footballfirst

[Lovecraft]

4 minutes ago, Footballfirst said:

 

The Nominee holdings are outside of HSL so do not require to adhere to the HSL AoA.

 

Hibs ran a share issue in parallel with the launch of HSL starting in early 2015, so that attracted new individual and nominee holdings. That issue ended around the end of July 2015, so saw a spike in the number of shares issued. Similarly there was another spike just before the financial year end in June 2016 that reflects the second tranche of nominee purchases.

 

Prior to the launch of the share schemes, just 1.8% of shares were held by "fans" with HFC Holdings (STF/RP) holding 98.2%.

 

The balance of shares now held by individual fans is now 7.5% (that excludes Bydand, HSL and the Nominees).

 

HSL, the Nominees and individual fans bought their shares at 4p a share so, for example, Bass Rock's 1% (1,250,000) would have cost £50k.  You can work the numbers back to see who put how much money into the club in new shares since 2015 and prior to the takeover.

 

HSL £770k

Nominees £495k

Individual shareholders £329k

 

 

 

 

You can work 

 Nice one.  Cheers.

 

 

[Morgan]

11 minutes ago, Des Lynam said:

 

It would be about £16 nowadays. 

 

That sounds a lot more like it!

 

Thanks, Des

 

10 minutes ago, Mikey1874 said:

 

Not sure how accurate these are

 

https://www.google.com/amp/s/www.thisismoney.co.uk/money/bills/article-1633409/amp/Historic-inflation-calculator-value-money-changed-1900.html

 

Thanks for sending me this, Mikey.

 

Unfortunately, our Internet connection is crap here today so your link won’t open. I’ll try it again later on.

 

[Rudolf]

2 hours ago, buzzbomb said:

mod delete

He is Buzzbomb.

 

He used to run the St Clair Hotel/Pub in Mayfield Gardens (flats now) and his brother is the same, maybe even bigger and smellier.

 

Remember bumping into the pair of them in Mather's at the west end on the Sunday we were parading the cup in '98.

 

They'd just been relegated and they were going on about Hibs having a better record than Hearts in games played on New Years Day

 

 

[Inch Hearts]

So the money given/keep giving will have absolutely nothing worth having to show for it? 

[Mikey1874]

7 minutes ago, Inch Hearts said:

So the money given/keep giving will have absolutely nothing worth having to show for it? 

 

Some claims they signed John McGinn and won the Scottish Cup because of it. 

[Allowayjambo1874]

4 minutes ago, Inch Hearts said:

So the money given/keep giving will have absolutely nothing worth having to show for it? 

They are the second largest shareholder in Hibs with absolutely zero power or input into the running of the club!

 

If and when the new owner sells up they may become more influential but that’s dependent on many things and goodness knows when

[martoon]

20 minutes ago, Rudolf said:

He is Buzzbomb.

 

He used to run the St Clair Hotel/Pub in Mayfield Gardens (flats now) and his brother is the same, maybe even bigger and smellier.

 

Remember bumping into the pair of them in Mather's at the west end on the Sunday we were parading the cup in '98.

 

They'd just been relegated and they were going on about Hibs having a better record than Hearts in games played on New Years Day

 

 

 

They're 1 win ahead. 

Edited July 19, 2019 by martoon

[buzzbomb]

24 minutes ago, Rudolf said:

He is Buzzbomb.

 

He used to run the St Clair Hotel/Pub in Mayfield Gardens (flats now) and his brother is the same, maybe even bigger and smellier.

 

Remember bumping into the pair of them in Mather's at the west end on the Sunday we were parading the cup in '98.

 

They'd just been relegated and they were going on about Hibs having a better record than Hearts in games played on New Years Day

 

 

Knew it..

[scott herbertson]

1 hour ago, Footballfirst said:

 

The Nominee holdings are outside of HSL so do not require to adhere to the HSL AoA.

 

Hibs ran a share issue in parallel with the launch of HSL starting in early 2015, so that attracted new individual and nominee holdings. That issue ended around the end of July 2015, so saw a spike in the number of shares issued at that date. Similarly there was another spike just before the financial year end in June 2016 that reflects the second tranche of nominee purchases.

 

Prior to the launch of the share schemes, just 1.8% of shares were held by "fans" with HFC Holdings (STF/RP) holding 98.2%.

 

The balance of shares held by individual fans is now 7.5% (that excludes Bydand, HSL and the Nominees).

 

HSL, the Nominees and individual fans bought their shares at 4p a share so, for example, Bass Rock's 1% (1,250,000) would have cost £50k.  You can work the numbers back to see who put how much money into the club in new shares since 2015 and prior to the takeover.

 

HSL £770k

Nominees £495k

Individual shareholders £329k

 

 

The nominees should be of pressing interest to any Hibs fan.  http://www.shareholderrights.co.uk/RightsOfAShareHolder/75.html Would be a concern for them if Gordon can get himself to 75% holding I'd think

[Rudy T]

1 minute ago, jonnothejambo said:

 

I'll summarise. 

 

We've been done up the dirt box and its now in tatters.

 

 

A fair summary 🤣

[corryjambo]

1 hour ago, Morgan said:

I was having a wee think about this.

 

Surely, in 44 years, the ticket price would have increased an awful lot more than from £2 to £8?

 

What method did you calculate this by?

 

For example, a pint of beer probably cost somewhere between 35 and 45 pence in 1975. Nowadays, in a similar establishment one would be lucky to get a pint for under £5 or £6!

 

 

 

 

You are right, I had used £1 and not £2 for the calculation.

I do really like how you use the price of a pint to work out the inflation rate over 44 years, I use the same index 🍺 to calculate the value of the Euro against the Pound.

[scott herbertson]

1 hour ago, Footballfirst said:

 

The Nominee holdings are outside of HSL so do not require to adhere to the HSL AoA.

 

Hibs ran a share issue in parallel with the launch of HSL starting in early 2015, so that attracted new individual and nominee holdings. That issue ended around the end of July 2015, so saw a spike in the number of shares issued at that date. Similarly there was another spike just before the financial year end in June 2016 that reflects the second tranche of nominee purchases.

 

Prior to the launch of the share schemes, just 1.8% of shares were held by "fans" with HFC Holdings (STF/RP) holding 98.2%.

 

The balance of shares held by individual fans is now 7.5% (that excludes Bydand, HSL and the Nominees).

 

HSL, the Nominees and individual fans bought their shares at 4p a share so, for example, Bass Rock's 1% (1,250,000) would have cost £50k.  You can work the numbers back to see who put how much money into the club in new shares since 2015 and prior to the takeover.

 

HSL £770k

Nominees £495k

Individual shareholders £329k

 

 

The nominees should beof pressing interest to any Hibs fan. http://www.shareholderrights.co.uk/RightsOfAShareHolder/75.html

[Rudy T]

I see the muppets are all talking about doubling their contributions now... honestly this Ron character must be wondering how much better this can get! He’s got their club, land and properties and he doesn’t have to shell out a penny on players as the fans are paying for them. 

[Marvin]

5 hours ago, Mikey1874 said:

Evening News are covering the fan scheme today

 

Article by Charlie Reid (Proclaimers) not saying much and piece "raising concerns" with some issues and mostly interview with Jim Adie chairman of HSL who does say the fans had the chance to get a figure to get someone on board.

 

https://www.edinburghnews.scotsman.com/sport/sport-opinion/charlie-reid-hibs-fans-must-work-together-to-reach-hsl-goal-1-4967549

 

https://www.edinburghnews.scotsman.com/sport/football/hibs/latest-hibs-news/hibs-takeover-raises-concerns-over-fans-stake-in-club-1-4967552

 

love this a quote......

Quote

I’m sure as he hears more about our history he will understand why some supporters are fearful of change

 

What feckin history? It wasn't that long ago they were just hours away from being taken over by their arch rivals. 

[John Findlay]

2 hours ago, Morgan said:

I was having a wee think about this.

 

Surely, in 44 years, the ticket price would have increased an awful lot more than from £2 to £8?

 

What method did you calculate this by?

 

For example, a pint of beer probably cost somewhere between 35 and 45 pence in 1975. Nowadays, in a similar establishment one would be lucky to get a pint for under £5 or £6!

 

 

 

Morgan I bought my first pint in a pub aged 16 in 1979. It cost me 19p.

[scott herbertson]

8 minutes ago, Marvin said:

 

love this a quote......

 

What feckin history? It wasn't that long ago they were just hours away from being taken over by their arch rivals. 

 

 

To be fair, that is a history

 

A shite history, but history nevertheless

[Bazzas right boot]

On 13/07/2019 at 18:36, Mr Elwood P said:

 

Circle jerk, tears as lube. Allegedly..

 

So it's not all bad, then. 

[Rudy T]

8 minutes ago, Marvin said:

 

love this a quote......

 

What feckin history? It wasn't that long ago they were just hours away from being taken over by their arch rivals. 

 

Thats surely what he means... 4 years their shitty supports had to get control of the club and failed which opened the door to a takeover, now some American owns the lot no wonder they’re fearful! Took us about 20 minutes to get the cash together and Ann Budge in place. Their tin pot club will be The Leith Greens in a few years and a draw with Stirling will be a great result for them!

[corryjambo]

The small clubs that Fatty Addie claims are fan controlled or owned also include Barcelona and Real Madrid.

 

Now I know these clubs are dwarfed by that massive club down Lochend way but even he must admit that they are fairly big clubs and have had a bit of success over the years.

 

Like most of that club's supporters he just says things that he thinks are true and the village idiots will have it as a fact soon enough.

[Mikey1874]

7 minutes ago, corryjambo said:

The small clubs that Fatty Addie claims are fan controlled or owned also include Barcelona and Real Madrid.

 

Now I know these clubs are dwarfed by that massive club down Lochend way but even he must admit that they are fairly big clubs and have had a bit of success over the years.

 

Like most of that club's supporters he just says things that he thinks are true and the village idiots will have it as a fact soon enough.

 

Yeah

 

Won't know about them or say Motherwell 

[jamboozy]

50 minutes ago, jonnothejambo said:

 

I'll summarise. 

 

We've been done up the dirt box and its now in tatters.

 

It's now best described as ' Looking like a stretched polo neck' or a ' Yawning Hippo '

[Whatever]

Reading his comments, this HSL character is clearly another bitter fud, with a huge chip on his shoulder.

 

Just your typical Vermin.

 

Honestly wish them all nothing but pain.

[queensferryjambo]

3 hours ago, buzzbomb said:

Jim Adie (mod delete)

 

3 hours ago, Rudolf said:

He is Buzzbomb.

He used to run the St Clair Hotel/Pub in Mayfield Gardens (flats now) and his brother is the same, maybe even bigger and smellier.

 

Subtly put lads

[Rudolf]

11 minutes ago, jamboozy said:

It's now best described as ' Looking like a stretched polo neck' or a ' Yawning Hippo '

Or a Wizard's sleeve...

[3fingersreid]

Everything they do , or try to do , seems to be judged by them against what we do . When will they learn to judge against a club that is more akin to their level , like st mirren ( both celtics bitches) 

£800,000 in 4 years at a time when their club needed it most 😂😂😂

 

Edited July 19, 2019 by 3fingersreid

[jamboozy]

1 minute ago, Rudolf said:

Or a Wizard's sleeve...

Good yin 😂👍

[Morgan]

33 minutes ago, John Findlay said:

Morgan I bought my first pint in a pub aged 16 in 1979. It cost me 19p.

Maybe I was overpricing then, John.

 

I remember in 1980 when our usual haunt put the price of a pint up from 39p to 44p, there was outrage!

 

 

[Bull's-eye]

3 hours ago, better_call_saul said:

HIBERNIAN SUPPORTERS 1875 – A FAN FOR ALL REASONS

In our earlier communication to you, we were keen to get factual information to you as soon as possible. On reflection, we were not able to convey an emotion which we know is shared by many of you – disappointment. Yes, like you, we were disappointed that we were unable to achieve our desired stake prior to the acquisition, however, like every other Hibs supporter disappointment is soon replaced by optimism and enthusiasm.

The purpose of Hibernian Supporters was to help the Club by acquiring as many shares in the Club as possible. We would suspect our Members continue to support this objective and want to move forward positively. Before moving forward however it is sometimes helpful to glance back to help you with your bearings.

In late December 2014 the Club announced the results of a Strategic Review that the Board had undertaken over the preceding months. The Board sought to give supporters the opportunity to acquire shares in the Club and from what we recall authorised the issue of an additional 62,500,000 shares. A consequence of this was that if supporters had bought all of these shares the existing principal shareholder would have it's stake reduced to 49%. Of course around 1% was already in the hands of ordinary supporters. Individual supporters were given the opportunity to buy shares as well as Hibernian Supporters Ltd which was formed around the same time. So from these simple facts it was clear that Hibernian Supporters had no prospect of acquiring more than 50% and in all likelihood a figure well below that was more realistic. Hibernian Supporters was particularly helpful to fans who could not afford a lump sum. The shares were offered to everyone at 4p per share.

The Board of Hibernian Supporters saw this as a very good opportunity to help our Club as well as giving supporters with an interest in fan ownership the opportunity to participate. We stepped forward in response to the offer made by the Club. We think it is fair to say that from there on we set our goal as achieving a meaningful stake and defined this as 25.1% The Club made this an even more attractive idea by committing to directing all of the funds received from us to the football budget.

Can we say to all our fellow Members of Hibernian Supporters well done, congratulations and thank you. You did not and have not failed. You knew an offer when you saw one, it’s just a shame that others didn’t see it. You were not put off by all the detractors along the way and you have supported your Club with generosity and passion. Oh, and by the way, what have you achieved to date?

Four years ago we owned zero shares in the Club and now we own approximately 15.4 %
You donated over £800,000 to the cause at a time when our Club needed money.
That money allowed the Club to bring players to the team that would simply not have happened without it.
And finally, those players that we helped to bring in delivered us the Scottish Cup on the 21st May 2016 and our promotion back to the SPFL.
Going forward, we are pleased to confirm that your Board have now had the opportunity to meet and consider the issues raised as a result of the acquisition and whilst we have a few points to tidy up, Hibernian Supporters have a key role to play in our Clubs future.
The first issue for consideration is - what do our Members want going forward? We are simply your Directors and this Company is owned by you. We are in the process of organising two Consultation Meetings to be held at the Stadium. We are hoping the first one will be next week and will of course confirm dates as soon as we have these. We would expect the second Consultation with our Members in the week beginning 5th August, again we will confirm the exact dates as soon as we have these confirmed.

We have also accepted a very kind invitation from the HSA to join them at Sunnyside to help inform their Members, many of whom are also Members of Hibernian Supporters. Again we await the exact date but this will be confirmed shortly.

As I said earlier, while some feel disappointed, it is important to make clear our starting point. Our principal objective remains the same. While we cannot buy any more shares from the Club there are still approximately 17.4 % shares in the hands of small shareholders and Nominee shareholders. We have already received share donations from small shareholders. While it remains arithmetically possible to achieve the 25.1% stake we believe that you would feel that your Board would be letting you down were we to suggest abandoning this aim as soon as we stumble across the first hurdle.

In simple terms its business as usual.

Hibernian Supporters is the second largest shareholder in the Club. It will continue to be relevant and after our Consultation process we feel sure that you will feel it is the best platform for all Hibs fans to help the Club.

Our infrastructure is established, robust and flexible and able to take care of everyone’s needs. If you can’t or don’t want to provide additional financial assistance to our Club that is fully understandable.

If you previously did not want to engage with Hibernian Supporters for personal reasons perhaps things have changed for you.

If you don’t have any interest whatsoever in any ownership matters we can help, and it is still worthwhile visiting our web site. Go to the donate page but rather than click for Membership click on the “donate” button. You will not become a Member of Hibernian Supporters and you will not receive a Membership Certificate. Your money will simply be passed on to the Club. This will appeal to all of those supporters who were searching for this alternative.

For our Members and prospective Members who wish to continue on this journey we can even deal with differing views. For those that want their funds going to the playing budget – that will happen. For those that want their funds going to infrastructure projects – that will happen. One thing you can feel certain of is that we will listen carefully to our Members over the coming weeks, since, at the end of the day you are the owners of this Company.

Things will continue as planned. Our Members Board continues, our third strip continues, initiatives continue.

Whatever your reasons for supporting your Club, Hibernian Supporters is your platform.


James Adie
Chairman

 

 

So........eh..........thanks for the money but if you feel ripped off and don't feel the need to be ripped off anymore I suggest you stop giving us yer hard stolen cash.

 

Or, you can simply donate because we've got zero chance of getting anymore shares.

 

Oh Hibs, the gift that keeps on giving

[Bull's-eye]

3 minutes ago, Morgan said:

Maybe I was overpricing then, John.

 

I remember in 1980 when our usual haunt put the price of a pint up from 39p to 44p, there was outrage!

 

 

 

I dont know how you boys do it, I struggle to remember yesterday.

[Morgan]

1 minute ago, Artful Dodger said:

 

I dont know how you boys do it, I struggle to remember yesterday.

Aye, but you’re always pished.

 

 

[Beast Boy]

20 minutes ago, Mikey1874 said:

 

Yeah

 

Won't know about them or say Motherwell 

 

I think he covered Motherwell with this part of his statement:

 

There’s fan ownership and there’s fan ownership. Different models exist, something Adie is keen to stress. “The jury is out on majority fan ownership,” he said. “There are a number of clubs where majority fan ownership exists but they are small clubs, so it is difficult to say if it has been successful.”

“Our friends across the city are probably going to be the guinea pig,” he added. “They will be the first ones where you can say they have majority fan ownership and it is a reasonable sized club. Let’s see how that unfolds.

 

I mean I'm not keen to sound like an Old Firm supporter here, but clearly Hearts are a much bigger football club than Motherwell.