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American businessman Bill Foley is selling his 25% stake in Hibernian to the Gordon family, the club’s majority owners, after the pair agreed the partnership had not been successful for either party.
Foley, who owns Bournemouth through the Black Knight Group, paid £6 million for his stake in the Edinburgh club in February 2024.
The 80-year-old is likely to recover this amount, along with further investments, if a separation agreement can be reached.
Talks had been ongoing over the past few months, and neither party was satisfied with the partnership.
The arrangement, described by former Hibs chief executive Ben Kinsale as a “game-changer”, got off to a rocky start, with Foley criticizing 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 listened to us, they would do better.”
Black Knights boss Tim Bezbatchenko is an executive at Easter Road and has been a regular attendee in Edinburgh, but Foley has not attended any matches in Scotland.
Non-executive director Ryan Caswell is the other Black Knight representative on the Hibs board.
The Black Knight Group is actively looking for other clubs to expand its portfolio which includes Lorient in France, Portugal’s Moreirense and Auckland in New Zealand.
If the sale goes through, it would open up the possibility of the Gordon family looking for another investor. However, BBC Scotland understands that no talks are currently underway with any other party.
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