Foley aims to sell Hibs stake back to Gordon family

American businessman Bill Foley is in the process of selling his 25% stake in Hibernian back to the club's majority shareholder, the Gordon family, after the pair agreed the partnership was not working for either party.

Foley, who owns Bournemouth through his Black Knight Group, paid £6m for his shareholding in the Edinburgh club in February 2024.

The 80-year-old is likely to recoup that sum, along with further investments made, if a deal to part ways can be concluded.

Talks have been ongoing for the past few months, with neither party satisfied with the partnership.

The arrangement, described as "game-changing" by former Hibs chief executive Ben Kensell, got off to a rocky start, with Foley critical of the appointments of head coach David Gray and sporting director Malky Mackay.

In July last year, Foley told BBC Sport: "If the other ownership group at Hibernian listen to us they will do better."

Black Knight president Tim Bezbatchenko is an executive director at Easter Road and has been a regular presence in Edinburgh, but Foley did not attend any matches in Scotland.

Non-executive director Ryan Caswell is the other Black Knight representative on the Hibs board.

The Black Knight group are actively looking for other clubs to expand their portfolio which includes Lorient in France, Portuguese side Moreirense and Auckland in New Zealand.

If a sale is concluded, it would open up the possibility of the Gordon family looking for another investor. However, BBC Scotland has learned no talks are currently taking place with any other party.