Hibs are reportedly the subject of a £3.5million takeover bid from a consortium led by financial advisor David Low who is understood to be working with ex-Hibs chairman Malcolm McPherson and former Celtic Nation owner Frank Lynch on trying to buy the Easter Road club. Current Hibs chairman Rod Petrie has been the subject of a barrage of criticism from the club’s fans over his handling of the club following their relegation from the Scottish Premiership last year. It is thought that Petrie has now been instructed by the club’s majority shareholder, Sir Tom Farmer, to find a buyer for the club’s parent company HFC Holdings Ltd.
Low said: “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, 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.” However, Hibs, who started of their Championship season with at 2-1 home win over Livingston, are pouring cold water on speculation that a takeover of the club is imminent. A Hibs spokesperson said: “The principal shareholders position has remained unchanged for 23 years. In the two months since relegation a number of people have expressed views about the club. There are no offers being actively pursued by the club or its owners."