A new dawn is upon Easter Road. Hibs have confirmed there is a new owner in town, with current owner Sir Tom Farmer and chairman Rod Petrie stepping aside to make way for American based businessman Ron Gordon.
Farmer has been in control of the Leith based side since 1990. He took over the club to stop a takeover from Hearts owner Wallace Mercer and has remained there ever since.
Hibs have a new owner. (photo by Alan Rennie/Action Plus via Getty Images)
Both him and SFA president Petrie have decided the time is right to walk away from Easter Road.
Some Hibs fans have reacted to the news.
We will always be indebted to Sir Tom for saving our club, I wish to thank him, and all who put their money, time, and energy into making the club what is is now.. I'm just one of thousands of Hibby's, but safe to say #WeAreAllHibs
— GJB Be_nice (@BeniceGjb) July 2, 2019
— kieran (@Kieran1875Fox) July 2, 2019
New owner debt free cash injection what a start 2 the morning #Hibs #GGTTH 😎🇳🇬🏆🇳🇬 pic.twitter.com/cKgic5AD2m
— Paul Pontone (@paulp79) July 2, 2019
Announce mbappe and messi and neymar and de ligt and salah and origi
— Liam (@LiamM1875) July 2, 2019
— Gus Bracks (@GusBracks93) July 2, 2019
🆕 | The Board of Hibernian have announced that the majority shareholding in the club has passed fom HFC Holdings – owned by Sir Tom Farmer and Rod Petrie – to Bydand Sports LLC – a new company set up for that purpose by US businessman Ronald Gordon.
➡️ https://t.co/zgTbdjzvWV pic.twitter.com/TXG0aACXuE
— Hibernian FC (@HibernianFC) July 2, 2019
Hibs under the ownership of Gordon should bring in exciting changes
Where to start with the amount of good this will do for Hibs as a whole, not just the first team. Gordon has already started working on his Hibs revolution.
He’s already began his Hibs revolution. (Photo by Mark Runnacles/Getty Images)
The club’s statement confirmed that Gordon has cleared Hibs’ debt. He will also be taking up the role as Executive Chairman, whilst providing the club with a cash injection.
Investment in the playing squad, potential development of the already successful women’s team and youth academy boosts are just some of the things Gordon could invest in.
The list of things that could potentially be taken up a notch by the new owner is remarkable.
Hibs could excel under Gordon. (Photo by Chris Brunskill/Getty Images)
It certainly is exciting times at Easter Road. As far as first team action goes, Gordon will back manager Paul Heckigbottom to the hills, meaning Hibs will now have more of a chance of landing their top targets.
It’s sunshine on Leith right enough for the Hibees. It’s set up nicely to be a great few years for them.