The SFA have given Hibs the green light to complete a deal for investment into the club, with Bournemouth Chairman Bill Foley set to purchase just under 25 per cent of the club.
An official club statement read: Hibernian FC is delighted to confirm that the Scottish FA has approved the Club’s ‘dual interest dispensation request’ that sits under Article 13*.
This decision came after a number of meetings between the two parties, alongside the Club agreeing to certain undertakings and commitments at the request of the governing body.
The Club now has an agreement in principle with Black Knight Football Club for minority investment into Hibernian FC.
The investment proposal will now be shared and ratified at the Club’s Annual General Meeting, which will occur in February. The Club’s shareholders will be informed of the date of the AGM in due course.
