At the time, Archibald had been loaned out by Barcelona to Blackburn Rovers when Hibs made their audacious move. Speaking from his home in Barcelona, the 51-year-old told The Scotsman: "I'd had Jim Gray (Hibs then chief executive) on the phone wanting me to come to Edinburgh and Liverpool manager Kenny Dalglish asking me to go to Merseyside.
"It was a fantastic chance to join Liverpool, giving me the opportunity to get a league title under my belt but Jim was pushing hard for Hibs. There was a stumbling block at Liverpool which we couldn't get over and with Kenny being away with the squad pre-season – it was in the days before everyone had a mobile phone – the deal didn't get done.
"That's what happened, it was Liverpool or Hibs. I had no regrets, I had a fantastic time at Easter Road, made some good friends, scored goals and we had some success, getting into Europe for the first time in a number of years."