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The American businessman Bill Foley is in the process of selling his 25% stake in Hibernian to return to the majority shareholder of the Club, after the Pair Gordon will not act for any party.
Foley, who owns Bournemouth through his Black Knight Group, paid £6m for his affireholing at the Edinburgh Club in February 2024.
The 80-year-old is likely to return the amount, along with additional investments made, when a portion of the shares expires.
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, with a rock critical of David Mackay’s appointments.
In July last year, Foley told Sports Sport:
Black Knight President Tim Bezbatchenko is executive director of the Easter Christmas Road and a regular presence 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 including Lorient in France, Portuguese Side MedIrense and Auckland in New Zealand.
If a sale is completed, it opens the possibility of the Gordon family looking for another investor. However, BBC Scotland is not aware of any talks currently taking place with any other party.
