Stanton calls on Hibs fans to back shares plan

Pat Stanton is backing Hibernian Supporters Limited
Pat Stanton is backing Hibernian Supporters Limited
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EASTER ROAD legend Pat Stanton today urged supporters to unite behind Hibs’ plans for increased fan ownership.

A new company, Hibs Supporters Limited (HSL), has been created with the sole purpose of acquiring shares in the Capital club to enable the holding company’s interest to be diluted below a level of 50 per cent.

Supporters are being urged to make annual contributions to HSL – set at a minimum of £225 or £18.75 a month – with the money being used towards ‘sporting ambitions’. None of those funds will go to existing shareholders or the holding company.

The move is seen as a simple alternative to fans actually owning shares, with the ultimate aim being to raise £2.5 million.

Fund-raising is expected to be launched on February 2 following the club’s agm the previous week.

And Hibs great Stanton today called on fans to give the initiative their full backing, saying: “I said in December that the club’s proposals appeared to deliver what we all wanted. Hibernian Supporters Limited can now deliver our ambition to have a greater say and greater ownership as supporters in the club we all love. It is important that we don’t compete against each other and we need to unite behind this initiative.

“I am personally backing Hibernian Supporters Limited with my support and I urge all Hibernian supporters to do the same.”