Hibs welcome Stanton led takeover bid

Last updated : 12 November 2014 By Steve Forbes

Hibs CEO Leeann Dempster has moved to release a statement, along with the rest of the club's board, welcoming the Pat Stanton/Paul Kane led community takeover bid for the club.

Stanton and Kane will front a new group known as "buy Hibs", looking for supporter's to pledge to monthly direct debits, that would be added to by wealthy backers in the Edinburgh business community, to buy the club, stadium and training centre from current owner Tom Farmer.

BuyHibs have asked Farmer to name his price for buying the club.

BuyHibs is backed by the Erin Trust, Hibernian Supporters Association, the Formers Players Association and Hibernian Shareholders Association.

The board statement reads:

"We are delighted to learn that Pat Stanton is leading and has launched a campaign to encourage supporters to invest in the ownership of the club and fund its sporting ambitions," said Dempster on the club website

"It is well known that the board has been consulting widely with supporters and is fine tuning its strategy for the future of the club.

"This will be presented to the existing 1,700 shareholders of the club at the forthcoming AGM and shared with supporters and the wider Hibernian family.

"This is a genuinely exciting period of change at the club and the board has consulted widely and will continue to listen to all contributions to make sure that all supporters are involved."

Hibs legend Stanton had said:

"We are in the fortunate position that the motivation for BuyHibs has not been generated from an emergency situation through a threatened insolvency like supporters of other clubs have been faced with," said Stanton.

"We want to be in a position where we can make a positive contribution to the long-term position of our club and to be ready to buy the club when the opportunity arises.

"We are asking fans to pledge to provide funds which will allow BuyHibs to drive positive change and to give an indication of what size of stake is achievable.

"We are open to work with all Hibernian-minded people and groups who share the same goal."

This is a MASSIVE period in the club's history and Hibernian-Mad.co.uk is backing buyHibs 100%.

You can back buyHibs at the following link.

http://www.buyhibs.org/