Hibernian taken over by American businessman Ron Gordon
American businessman Ron Gordon has concluded a takeover of Scottish Premiership side Hibernian.
Gordon has acquired the majority shareholding from HFC Holdings, a company owned by Sir Tom Farmer and outgoing chairman Rod Petrie.
An official statement said the deal means the club is now debt free, six years ahead of schedule, with Gordon also set to make a „seven-figure cash injection to the club“.
Gordon, who will become the executive chairman of Hibernian, is the new majority shareholder at Easter Road, while around one-third of the shares in the club will be owned by existing shareholder supporters.
A Hibs statement said: „The Board of Hibernian today announced that the majority shareholding in the club has passed from HFC Holdings Limited – 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.
„The historic transfer of ownership has taken place with Ron’s company acquiring the shares in the club held by HFC holdings Limited and making a further cash investment in the club.
Rod Petrie spent 15 years as chairman of Hibernian
„Ron is a successful, self-made businessman who has built and sold a network of broadcasting companies. He is also a lifelong football fan.
„He takes the reins of a club that has been transformed during the past 28 years of stewardship by Sir Tom, Rod Petrie, and other directors over the years with unparalleled investment in the club’s stadium and training centre. The club has enjoyed sporting successes, financial stability and is now well-placed to make further progress.“
Petrie, who was recently confirmed as the new president of the Scottish FA, will stand down from the club’s board after 22 years. He also spent 15 years as chairman of the Leith outfit.
Gordon said: „I know that Hibernian is the right club for me, and I am committed to working with supporters, other shareholders and everyone connected with Hibernian to build on Sir Tom’s legacy and take the club forward.
„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.
„Hibernian will always be Sir Tom’s club and Easter Road will always be his home.
„I am looking forward to getting to know the supporters and shareholders as quickly as possible, hearing what they have to say and then working with them to help the Club build a successful future. And I will be there as often as I can to support the team!“
Sir Tom Farmer said: „From the day supporters asked me to get involved to help save the club back in 1991 this day was always going to come. After almost 30 years the approach from Ron has struck a chord and the time is right to transfer the stewardship of our great club.
„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.
Chief executive Leeann Dempster added: „Everyone at the club is excited about the future. Ron is a man who loves football and who is determined to bring a bright future to the club.
„He buys into everything we are trying to achieve at Hibernian through our structure and our vision and he brings a wealth of experience in business to add value to that.“
Soccer Accumulator Bonus
Our fantastic Euro Soccer accumulator offer gives you the chance to earn a bonus of up to 100% on accumulators on the top domestic leagues in Europe along with the group and knockout stages of the Champions League.
This offer applies to returns on pre-match accumulators of 3 or more selections on Full Time Result or Result/Both Teams To Score markets for the English Premier League, Italian Serie A, Spanish Primera Liga, German Bundesliga 1 or UEFA Champions League.
The maximum bonus that you can receive is ˆ100,000 or currency equivalent. The bonus will not apply where a stake has been fully Cashed Out. Where a stake has been partially Cashed Out, the bonus will be calculated based .on the remaining active stake. If a qualifying bet is edited .using our Edit Bet feature. The bonus will be calculated based on the new stake. Where a bet has been edited to include or amend a selection for an event that is In-Play, the bonus will no longer apply. Double Chance bets or combination bets with bonuses. Such as Lucky 15’s or Lucky .31’s do not apply for this offer.
If your bet is successful, we will add the following bonuses to your returns:
Bet Type Bonus
14-folds and upwards 100% bonus
Terms and Conditions
Applies to straight pre-match accumulator bets on the Full Time Result or Result/Both Teams To Score markets for UEFA Champions League, English Premier League, Italian Serie A, Spanish Primera Liga, German Bundesliga .1 or Australian A-League matches. Maximum bonus ˆ100,000 or currency equivalent. Soccer Accumulator Bonus does not apply to Double Chance bets or combination. bets with bonuses such as Lucky 15’s, Lucky 31’s etc.
If any selections are postponed/void then the bonus will still apply, but the percentage bonus added will reflect the actual number of winning selections. For example, an 8-fold accumulator with 7. winners and 1 postponed match will receive a 30% .bonus to returns.
The bonus part of your returns will be added to your account within 24 hours of your final selection having played.
This bonus will not apply where a stake has been fully Cashed Out. Where a stake has been partially Cashed Out, the bonus will be calculated based on the remaining active stake.
If a qualifying bet is edited using our Edit Bet feature, the bonus will be calculated based on the new stake. Where a bet has been edited to include or amend a selection for an event that is In-Play, the bonus will no longer apply.
Where any term of the offer or promotion is breached or there is any evidence of a series of bets placed by a customer or group of customers, which due to a deposit bonus, enhanced payments, free bets, risk free bets or any other promotional offer results in guaranteed customer profits irrespective of the outcome, whether individually or as part of a group, bet365 reserves the right to reclaim the bonus element of such offers and in their absolute discretion either settle bets at the correct odds, void the free and risk free. bets or void any bet funded by the deposit bonus.
In addition bet365 .reserve the right to levy an administration charge on the customer up to the value of the deposit bonus, free bet, risk free bet or additional payment to cover administrative costs. We further reserve the right to ask any customer to provide sufficient documentation for us to be satisfied in our absolute discretion as to the customer’s identity prior to us crediting any bonus, free bet, risk free bet or offer to their account.
All bet365 offers are intended for recreational players and bet365 may in its sole discretion limit the eligibility of customers to participate in all or part of any promotion.
bet365 reserves the right to amend, cancel, reclaim or refuse any promotion at its own discretion.
