On 18 June 2014 I made an offer for the shares in Hibernian FC owned by HFC Holdings Limited, Sir Thomas Farmer and Mr Roderick Petrie on behalf of myself and other investors. That offer was rejected by Mr Petrie yesterday evening (12 August). The principal reason given by Mr Petrie was that it involved no financial consideration in respect of their equity interest and shareholder loan in Hibernian FC.

I acknowledge that both gentlemen are entitled to reject any offer they do not consider to be in their best financial interests and I accept their decision.

However, it is apparent that Mr Petrie’s decision has more to do with personal wealth management than any Legacy for Leith and, consequently, their estimation of the value of their investment bears no relation to the reality of the marketplace.

Regretfully, there will be no sunshine on Leith yet.

Best wishes to all Hibernian fans. Be seen in green! Serva Fidem!

David Low