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With the news that HUISA intend to purchase some 'new' shares in Hereford United, BN looks back 14 years to late September 1999 when HUISA first bought shares in the club.
THE HUISA committee are pleased to confirm that 2,276 shares in Hereford United have been secured in trust for the supporters of the club for future generations. In accordance with our constitution, and following a fully democratic postal ballot of our members held in September 1998, the committee has been actively seeking available HUFC shares in the market to comply with our members’ mandate.
With the resignation of Mike Hancocks from his position as director of HUFC, the first opportunity arose for supporters to obtain a sizeable ownership stake in the football club. The committee unanimously voted to purchase 2,276 of Mike Hancocks’ 2,845 share-holding. Whilst the purchase of 2,276 shares does not fully meet the ongoing aim of acquiring 4,000 shares in HUFC ie. 10% of the total share issue, HUISA is delighted that this holding does represent approximately 10% of the active shares as detailed in the company register. The price paid for these shares was £4,000. Such is the commitment of the HUISA committee that in the event of a ‘club emergency‘, HUISA will always respond in the manner our members have come to expect.
As a result of the changes and pressures currently affecting football clubs Nationwide, HUISA recognise the importance of HUFC in the local community. Supporters have a right to be involved in the major decisions that will have a direct impact on the very future of HUFC. Many obstacles face the club, in both the short and long term, and HUISA feel that the club’s dedicated supporters can now play an even greater role in HUFC as it moves towards the next Millennium.
HUISA has built up a close working relationship with chairman, Graham Turner, and company secretary, Joan Fennessy over the past 2 years, and this share purchase is designed to further strengthen the ties between the club and its supporters. Graham Turner has been quick to recognise the support the club has received from HUISA, both financially and in day-to-day operational terms. HUISA is encouraged that this support has been recognised by the club as it is now the official supporters association of Hereford United. HUISA is also affiliated to the National Federation of Football Supporters Clubs and will use whatever influence it can exert within this body to further promote HUFC and the plight of smaller clubs generally.
The recent speculation concerning a possible relocation of the football club to the Racecourse site further emphasises the need for supporters to play an active part in shaping the future. HUISA will endeavour to foster trust and greater communication between the club’s supporters and the Board of Directors using the regular Liaison Committee meetings as a means of advising the club of the fans’ ideas and concerns. It is envisaged that the purchase of shares in the football club will further safeguard the club for future generations of supporters, giving them both a stakeholding and a voice in the major decision making for the future of Hereford United.
With the resignation of Mike Hancocks from his position as director of HUFC, the first opportunity arose for supporters to obtain a sizeable ownership stake in the football club. The committee unanimously voted to purchase 2,276 of Mike Hancocks’ 2,845 share-holding. Whilst the purchase of 2,276 shares does not fully meet the ongoing aim of acquiring 4,000 shares in HUFC ie. 10% of the total share issue, HUISA is delighted that this holding does represent approximately 10% of the active shares as detailed in the company register. The price paid for these shares was £4,000. Such is the commitment of the HUISA committee that in the event of a ‘club emergency‘, HUISA will always respond in the manner our members have come to expect.
As a result of the changes and pressures currently affecting football clubs Nationwide, HUISA recognise the importance of HUFC in the local community. Supporters have a right to be involved in the major decisions that will have a direct impact on the very future of HUFC. Many obstacles face the club, in both the short and long term, and HUISA feel that the club’s dedicated supporters can now play an even greater role in HUFC as it moves towards the next Millennium.
HUISA has built up a close working relationship with chairman, Graham Turner, and company secretary, Joan Fennessy over the past 2 years, and this share purchase is designed to further strengthen the ties between the club and its supporters. Graham Turner has been quick to recognise the support the club has received from HUISA, both financially and in day-to-day operational terms. HUISA is encouraged that this support has been recognised by the club as it is now the official supporters association of Hereford United. HUISA is also affiliated to the National Federation of Football Supporters Clubs and will use whatever influence it can exert within this body to further promote HUFC and the plight of smaller clubs generally.
The recent speculation concerning a possible relocation of the football club to the Racecourse site further emphasises the need for supporters to play an active part in shaping the future. HUISA will endeavour to foster trust and greater communication between the club’s supporters and the Board of Directors using the regular Liaison Committee meetings as a means of advising the club of the fans’ ideas and concerns. It is envisaged that the purchase of shares in the football club will further safeguard the club for future generations of supporters, giving them both a stakeholding and a voice in the major decision making for the future of Hereford United.
