Belfast Telegraph

Home Sport Football Scottish

Hibernian confirm new owner as US business buys majority shareholding

Hibernian's Easter Road stadium.
Hibernian's Easter Road stadium.

US-based businessman Ron Gordon has taken control of Hibernian as the Edinburgh club changed hands for the first time in 28 years.

Gordon has acquired the majority shareholding from HFC Holdings, a company owned by Sir Tom Farmer and outgoing chairman Rod Petrie.

Hibs say Gordon, who will become executive chairman, has also made a seven-figure cash injection into the Ladbrokes Premiership club.

Supporter shareholders will own about a third of the club following the transaction.

Kwik-Fit founder Farmer said in a statement: "From the day supporters asked me to get involved to help save the club back in 1991 this day was always going to come.

"There have been approaches over the years, and we have done them all the courtesy of hearing what they had to say. Ron's passion for Hibernian and its origins and his commitment to the community and the engagement he wants with supporters shone through."

Peru-born Gordon, whose grandfather was Scottish, added: "I had a great first conversation with Sir Tom. We swapped stories from our childhood and compared our approach to business.

"There are many similarities and those values are evident in Hibernian, not only as an outstanding football club but also its engagement with young people and through the Hibernian Community Foundation. That it is such a well-run club was one of the major attractions for me."

MORE TO FOLLOW

Belfast Telegraph Digital

Popular

From Belfast Telegraph