Hibs have been given approval by the Scottish Football Association for investment in the club.
Bill Foley, American billionaire owner of AFC Bournemouth, now has an agreement in principle with the Easter Road club for minority investment.
Hibs confirmed the SFA approved their ‘dual interest dispensation request’ under Article 13 of the governing body’s rules.
Foley, through the partnership of Black Knight Football Club, now has the green light to invest in the club.
A club statement read: “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.”
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