Vital Football

Latest Hibs News

Hibs In Takeover Talks?

Hibs In Takeover Talks?

Hibs are subject to a takeover bid by Financial Advisor David Low according to a report in today's Daily Mail.

Low is said to have teamed up with former chairman Malcolm McPherson and Frank Lynch, who owned English non league outfit Celtic Nation until last summer, to make an offer for owner Sir Tom Farmer's shares in parent company HFC Holdings.

The businessmen hope to acquire the business, including football club, with a bid said to be around £3.5 million.

Low told the newspaper: 'I have made an offer for Hibernian Football Club on behalf of a group of investors.

'We were encouraged to make an offer by Mr Petrie (Hibernian Chairman), we made an offer to Mr Petrie and we have met his nominated advisors for discussions. Beyond that, the ball is now in their court.`

The financial expert also claimed to have been in discussions with supporters groups over the proposed takeover although it remains to be seen if they include Paul Kane, the former player leading the campaign to oust Petrie from the club, and his group for change Forever Hibernian.

Kane would prefer a fan ownership model and discussions between members of Supporters United and Hibs fans have already taken place.

Whether or not the bid is successful it appears both Farmer and Petrie are looking for any potential buyers to step forward and make their interest known.

With the new season starting this weekend the last thing the club needs is further turmoil in the background following last season's relegation. Hopefully this matter will be concluded sooner rather than later whatever the outcome.

Vital Hibs is available on all social media platforms including Twitter, Facebook, SportsYapper and Instagram - Follow or like us by clicking the links below!

Vital Hibs on: facebook

Vital Hibs on: twitter

Join Vital Hibernian

It's easy to REGISTER HERE, simply click the link and enjoy getting involved!

Writer:Franck_Sauzee
Date:Saturday August 9 2014
Time: 10:23AM

Login to post a comment

Best of Vital Network

Recent Hibernian Articles

30 Minute Halves - No Rebounds On Penalties?

The International Football Association Board are investigating a variety of rule book changes when it comes to the future of football.

EFL + SPFL Welcome Back An Old Friend For 2017/18

The iconic and fondly remembered Mitre Delta makes a return to football league action for the coming 2017/18 campaign.

Hartson: Back Lennon To Keep Him

Former teammate urges Hibs to back gaffer... or risk losing him

Hibs Fans Look Forward to Exciting Summer

Hibs have already been linked with several high profile transfer targets. It's an exciting summer ahead of Premiership return.

Archived Vital Hibs Articles

Vital Hibs articles from

Site Journalists

Legends of 2016
Editor email
Profile

Current Poll (see more polls)

Where will Hibs finish on Premiership return
Suggested By: Vital Hibs
Champions of course3%
Second/Third60%
Top Six35%
Bottom Six2%
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Hibernian Results (view all)

Hibernian Fixtures (view all)

Vital Football Comment