Pictures DINGSDALE
HIBS supporters yesterday launched a search for a ''white knight'' to
fight off a takeover by city rivals Hearts, but there was an early
setback when chairman Mr David Duff conceded he had a duty to
shareholders to consider the offer.
As angry fans set up their ''Hands Off Hibs'' campaign, and Hearts
chairman Mr Wallace Mercer spoke of threats and intimidation to his
family, Mr Duff, shortly before an emergency board meeting at a secret
venue, said news of the Hearts bid had come out of the blue on Sunday
night.
However he emphasised: ''I am a chairman of a public company. I have
certain duties and obligations and my first obligations are towards my
shareholders. We have a duty to consider it as an offer.''
In a brief radio interview, he also conceded that at this stage he did
not know of another bidder or offer, highlighting the difficulties the
supporters campaign will have in attracting a ''white knight'' to their
cause.
Nevertheless it appeared that principal shareholder Mr David Rowland
would not carry the board with him in pledging support to Mr Mercer.
As well as a report of a consortium of Borders businessmen anxious to
acquire a stake to block the takeover, Kwik-Fit millionaire Mr Tom
Farmer and Mr Kevin Doyle of the Coronation Inns group were among the
names mentioned. However Mr Doyle said he was not interested in becoming
involved and Mr Farmer was not available.
Despite the speculation surrounding the buy-out deal, there was no
movement in Hibs shares. They remained at 31.6p with dealers reporting
no activity.
Earlier yesterday Hibs and Hearts fans were urged to march shoulder to
shoulder in Edinburgh on Saturday to block the bid to ''bury'' the
Easter Road club.
Leaders of the ''Hands Off Hibs'' committee, a pressure group formed
at the request of the club's supporters to fight the takeover and which
is led by former Hibs vice-chairman Mr Kenny McLean, are hoping for a
huge turn-out of both sets of supporters at the rally.
The organisers are being given access to the stadium and anticipate a
lock-out. ''You are looking from a safety point of view at around
25,000,'' said Mr McLean. ''The issue is so important that we really
have to have this rally without any tribalism of any sort.''
Mr McLean, whose colleagues on the nine-man committee include
Edinburgh East MP Gavin Strang, former Lothian region convener Mr James
Cook and Mr Jim Martin, general secretary of the Educational Institute
of Scotland, claimed yesterday that the bid by Mr Mercer was a ludicrous
one.
He told a news conference that he believed there were numerous Hearts
supporters who were equally ''aghast'' at the merger proposal and would
be prepared to lend their support to the campaign of opposition.
He said the committee was looking at a number of avenues which
included talks with members of the Edinburgh business community.
''I think the matter hinges on Mr Duff, our own fraternity and,
hopefully, the support of the institutions,'' said Mr McLean who
appealed to the supporters to hold on to their shareholdings.
''I hope that some 'white knight' certainly comes on the scene and
puts in a counter-bid but it has to be said that you are looking at
somewhere between a #12m and #14m offer.''
Mr McLean said he had discussed the situation with the Hibs chairman.
''I was totally assured that Mr Duff's shares would not be sold. After a
lengthy and searching meeting with him I have agreed to stand by him on
that premise.''
The committee distanced itself from the incidents against Mr Mercer
and his family. ''We in no way encourage any vandalism or hooliganism,''
he stated.
''It would seem that Mr Mercer's bid is primarily to bury Hibs,'' he
went on. ''That is an aggressive statement but that is the way I see it
at the moment.''
Clarification of the Scottish Football League rules governing take
over bids by directors or nominees of other clubs was also being sought
last night.
The league's rule on dual interests in clubs states: ''Except with the
prior written consent of the management committee no club or nominee of
a club may at one time either directly or indirectly hold or acquire or
deal in the securities of another club.''
Mr Jack Steedman, league president, said: ''We have no plans to get
involved.'' He added: ''It seems there has been no breaking of any
rules.''
Last night Mr Mercer said they had not broken any league rules as they
had not purchased any securities or shares. ''We have an option to buy
30% of the shares. When we get to 70% of options to buy an offer
document will be drawn up and we will seek the permission in writing of
the league. I informed League President Jack Steedman of what was
happening as a matter of courtesy.''
Meanwhile Mr Mercer, at a news conference, spoke of his shock and
suprise at the treatment he had received in the media and its knock-on
effect of threats and intimidation.
He referred to police with alsatian dogs guarding his home, broken
windows in the early hours of the morning at his office building,
graffiti attacking him, and other threats against him and his family,
adding: ''I say to myself where are we at? Is this Scotland, is this
Edinburgh?''
''I mentioned tribalism yesterday. I have experienced it in the past
24 hours. It's so puerile and so short sighted, and in the end it's
really quite sickening. I'm staggered.''
Saying he didn't want his friends and family dragged into the gutter
over this issue, he gave notice that as of today he would be in Genoa
supporting Scotland's World Cup campaign.
He made it clear that he resented the fact that he was the only one
answering questions. ''There are other people who are accountable and
should be making statements,'' he said.
He said the Hibs fans had been led astray, misguided and mistreated,
under the present
management, and called this treatment disgraceful.
Although he refused to speculate on what he would do if his bid fell
short of his target of 75% of the shares, he gave warning: ''We are in
for the trip. I would ask you, what happens to the share price if we
pull out? But if we lose we will lose with a straight back and dignity,
with no innuendo and no plotting behind closed doors.''
Asked whether his merger plan might not inflame the very tribal
passions he was pledged to eradicate, possibly leading to conflict among
the two groups of supporters on the home terracings of Tynecastle next
season, he conceded this danger but said: ''Is that therefore a reason
why we should all fail to play our roles in creating a new dawn for
Edinburgh football?''
Meanwhile a group of Labour MPs last night tabled a Commons motion
criticising the proposed takeover.Ian PaulBack Page
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