Hibs owner Ian Gordon insists the fact his family have written off £7.2 million losses proves they are more committed than ever to the club.
Gordon, son of late former majority shareholder Ron, met shareholders at last night’s AGM at Easter Road just weeks after the club posted alarming financial results for the year. But the American insists his family, including mother Kit and brother Colin, had no hesitation in covering that loss.
He said: “I think that would always be the goal to be self-financing but we’re also well aware we’re in the football industry and we know the revenues associated with Scottish football aren’t the highest. We know the situation, we’re accepting of it, but obviously we want to improve that financial position. Does that increase our shareholding again? No, this is just a donation.
“We’ve made donations of that size in the past, so it’s something that shows our family’s commitment and our drive. Now we’re so excited with the partnership with Black Knight that we’re more committed than ever to continuing to move forward. I think there’s such an emotional side to it now. Our family, we love this club.
“We live and breathe this club, and my father felt that same way. And obviously through the passing of my dad, we felt that it was the right thing to do to continue this.
“I’m still a young guy, and my brother and I are wanting to carry the torch for my father. We love everything about this club with my mum, so it’s something we’re fully committed to.”
And Gordon insists the club will remain ambitious despite making the challenge of trying to balance the books.
He added: “It’s a big number (the loss), but we have sporting ambitions that we’re trying to chase.
“We also obviously know we wanted to make the investment into the capital expenditure side of the business.”