Hibernian Supporters Limited (HSL), the group established to allow Hibs’ fans to own 51% of the club via a share issue has expressed it’s disappointment at criticism from other fans’ groups ‘Hands on Hibs’ and ‘BuyHibs’ which has been reported on social media and in the mainstream media.
In response HSL issued the following statement on their website:
“Hibernian Supporters Limited (HSL is aware of statements made by Hands on Hibs via social media and in the Scotsman newspaper. It is also aware of statements made by BuyHibs in the Scotsman and on Radio Forth. HSL is disappointed that both Hands On Hibs and BuyHibs felt unable to support the new plans for Club ownership and by the way discussions have been portrayed in the media.
“HSL has only one purpose and that is to raise funds to purchase shares in Hibernian Football Club to hold for the benefit of all Hibernian supporters. Hibernian Football Club has entered into a legally binding agreement with HSL where monies raised are used to help support and fund football. In other words, all of the new money generated by the sale of shares will directly benefit the Club in which they are seeking a controlling interest, rather than being paid to any existing shareholders as in almost every other football club share offer.
“HSL take the view, a view shared by BuyHibs, and one we believe most Hibernian supporters will share, that it is right and proper that the Club should meet its obligations -including repayment of its significantly reduced debt.”