"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, announced as "game-changing" by former Hibs chief executive Ben Kensell, got off to a rocky start."
"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."
"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."
Bill Foley is negotiating the sale of his 25% stake in Hibernian back to the Gordon family after both parties agreed the partnership was not working. Foley paid 6m for the stake in February 2024 and is likely to recoup that amount plus additional investments if a deal concludes. Talks have been ongoing for months with dissatisfaction on both sides. The partnership began amid high expectations but became strained by criticism of appointments and limited personal involvement by Foley. Black Knight retains wider club holdings and may pursue other acquisitions; no other investor talks are underway with Hibernian.
Read at www.bbc.com
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