Tom Farmer

Sir Thomas Farmer, (born 10 July 1940) is a Scottish entrepreneur. Early life One of seven siblings in a devoutly Catholic family, in 1964 Farmer founded his own tyre retailing business which he sold in 1969 for £450,000. Farmer retired to the United States, but became bored and decided to find a new challenge. Business career Farmer returned to Edinburgh to found the Kwik Fit chain of garages in 1971. The firm grew quickly, mainly through acquisition, including opening in the Netherlands in 1975. Farmer was named Scottish Businessman of the Year in 1989. After building the chain to become the world's largest independent tyre and automotive repair specialists with over 2,000 centres operating in 18 different countries, Farmer sold the firm to Ford in 1999 for more than £1 billion. He is the first Scot to be awarded the prestigious Andrew Carnegie Medal for philanthropy. Farmer owned 90% of Hibernian, a professional football club based in Edinburgh in 2003. He invested nearly £3 million to rescue the club from receivership and he continued to fund developments of Easter Road and financial losses made by the club. Before his intervention, the club had been threatened during 1990 by an attempted takeover by Wallace Mercer, the owner of their Edinburgh derby rivals Hearts. Farmer has admitted that he has no great love of football, and he rarely attends matches. He felt it was important to the local community that Hibs should continue to exist, as he was informed by campaigners that his grandfather had saved the club from bankruptcy approximately 100 years earlier. Farmer delegated control of Hibs to other figures, such as Rod Petrie. He sold the majority ownership of Hibernian FC to American businessman Ronald Gordon in July 2019. According to the Sunday Times Rich List in 2020, Farmer is worth an estimated £126 million.