The Greyjoys have served as lords of the Iron Islands since Vickon Greyjoy was elected from among his fellow ironborn in the time of Aegon the Conqueror. The reaver’s words that compose the motto of House Greyjoy perfectly encompass the desire of Balon and his surviving brothers to, once again, bring the Old Way back to prominence.
From “A Song of Ice and Fire Campaign Guide”, Page 119
The current status of House Greyjoy
House Greyjoy of eleven years prior to “A Song of Ice and Fire” book series is very different than readers or watchers are used to. At this time, here are the differences:
Theon is around seven years old and not a ward of the Starks,