According to a source, Hibs won’t get any of Bill Foley’s investment in time for the January transfer window.
According to reports, the owner of Bournemouth is getting close to acquiring a minority stake in the Easter Road team following “positive” talks with the Scottish Football Association. After Ian Gordon and CEO Ben Kensell presented the case, the Scottish Football Association (SFA) decided to reconsider the dual ownership regulations on an individual basis.
The wealthy businessman’s financial support for the Hibees has thrilled many fans, but there have also been worries that the team could end up serving as a feeder club for both the English Premier League and his other club, Lorient in France. However, according to the Edinburgh Evening News, club executives have taken action to allay those concerns.
Furthermore, it is currently being asserted that the investment will probably not be approved until much later in the year, which implies that the Hibees’ budget for the January window would not grow.
According to earlier rumors this week, the initial investment would be £6 million, with a portion going toward recruitment and a portion toward strengthening their training base. However, it appears likely that would take effect as soon as possible over the summer.
GET MORE NEWS HERE