All of the funds received from supporters will be handed to the Club. HSL in return will receive shares in Hibernian Football Club (HFC). The Board of HFC will use these funds as they see fit. The Club’s new mortgage will be paid, as has always been the case in the past, from all of the various income streams of the Club.

Funds received from HSL will be new money that the Club did not previously have. We have been assured, as confirmed by the recent statement from Leeann Dempster, that the funds will as such be available to get the Club back to where we all want it to be – at the forefront of Scottish football.

No, and the articles of association (seen here) specifically prohibit this.

Yes, subject to the normal Membership criteria being met.

It would simply be paused. This is about goodwill. If a supporter loses their job, or something else makes donating temporarily difficult, we would recognise this and allow them to carry on contributions when they are in a position to do so.

Yes. Once Membership has been achieved it is for each supporter to decide. If shares are still available you may choose to continue, to allow HSL to increase the supporters’ stake in our Club.

In a nutshell, yes. It is up to each Member if they want to continue supporting our Club in the long term.

Yes. Founding Directors must all resign at the 2018 AGM, and Members will decide who the next Directors will be. Existing Directors are eligible to stand for re-election.

No.

We shall consult clearly before every AGM. However, in general terms consultation requirements will be driven by the Members. Voting intentions at the AGM will be determined by a simple majority of the Membership.

The Directors will start a process of consultation when there are sufficient Members to determine the form and method of taking Members’ wishes to the Board of HFC. When we achieve a 20% stake in the Club’s shares, we will have a Director on the Board and therefore direct access.

No. HSL cannot acquire a 51% stake in the Club. Our target is to achieve a meaningful stake, such as 26%. This will allow our Members to be represented at Board level and of course provide a blocking vote in the event of any future majority shareholder having dishonourable intent.

As long as you like. The Direct Debit is initiated on an indefinite basis. However, supporters can stop this at any time. Membership is achieved when £225 has been donated.

Subject to meeting Member eligibility criteria, you will acquire legal ownership status in HSL which has legal ownership of shares in HFC. You will receive a Membership Certificate to demonstrate proof of ownership. And of course you’ll have a voice in a democratic process.

Members can feel part of a powerful collective that is securing the future of our Club and helping it achieve a return to the top of Scottish football.

There will be no other benefits offered.

This is a question we cannot answer, as we cannot speak for the owners or future majority shareholders. We can say we have a legally binding subscription agreement that enables us to buy shares that are available to purchase. Once HSL owns shares, no one else can determine what happens to these shares other than Members of HSL. That’s why the quicker we raise funds, the quicker we can buy shares. And the more funds we raise, the more shares we can buy to safeguard our club.