Overview
- BBC reports that negotiations are under way for the Black Knight Group to return its 25% share to Hibernian’s majority owners.
- Foley bought the stake for £6m in February 2024, placing Black Knight representatives on the club’s board.
- Both parties concluded the partnership was not working, with discussions ongoing for several months.
- If a deal is completed, Foley is likely to recoup his initial outlay and further investments, according to BBC reporting.
- Tensions included Foley’s public criticism of Hibs’ appointments of Malky Mackay and David Gray and his wish for feeder benefits to Bournemouth, while BBC Scotland says no alternative investor talks are under way.