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Proposed Billy Foley stake in Hibs to be discussed with Scottish FA

Related Topics: HIBS, Scottish FA

Hibernian will meet with the Scottish FA at Hampden on Thursday to discuss billionaire Bill Foley's potential investment in the club.

Foley, 78, has a controlling interest in Premier League club Bournemouth and a stake in French club Lorient.

The American has acquired a licence to run a team in Auckland, which will participate in New Zealand's A League.

The rules in Scotland allows anyone who owns or has an interest in any club in the a world to invest up to a maximum of a 24.9% shareholding.

As things stand, Foley is only interested in a minority shareholding and the Gordon family, who own Hibs, are believed not to be interested in relinquishing control of the club bought by the late Ron, who passed earlier this year.