American billionaire Bill Foley is set to sell his 25% stake in Hibernian less than two years after investing in the Edinburgh club.

The 80-year-old, who owns English Premier League side Bournemouth as part of a worldwide network of football clubs, is ready to dispose of his interest in Scottish football.

The Gordon family, which has the controlling 60% of shares at Hibs, is preparing to buy Foley’s stakeholding.

The decision came about after Foley’s Black Knight Football Club group and the Hibs owners could not agree on the future direction for the Easter Road club.

It was then mutually concluded that the best way forward would be for the Gordon Family to buy the Black Knight shares and allow Foley to move on.

STV News understands the deal will see Foley receive back the £6m he paid

See Full Page