The Bournemouth owner is keen to become a minor shareholder in the Easter Road club.
Hibs chiefs held positive talks with the Scottish FA last week over a minority investment proposal.
And billionaire Foley – who owns Bournemouth – previously outlined his interest in becoming an investor but ruled out a controlling stake at Hibs.
Now, it’s claimed Foley will invest an initial £6m cash into Hibs should he become an investor.
The Scottish Sun reports Foley’s proposed investment would be earmarked for play recruitment and an upgrade to the East Mains training facility – including an indoor set-up.
It’s thought Foley is hopeful of transforming Hibs into a feeder club for Bournemouth but with a two-way beneficial link-up.
READ MORE: Hibs confirm ‘positive’ SFA talks over Bill Foley investment
A Hibs statement last week read: “Hibernian FC can confirm that the Club met with the Scottish FA Board on Thursday 14 December, 2023 to discuss a minority investment proposal.
“The positive meeting saw Ian Gordon and Ben Kensell outline the proposal and discuss the benefits for Hibs and Scottish football moving forward.
“The Club looks forward to the next stage of the process, which is submitting a formal request for the approval of dual interest dispensation against article 13.
“There will be no further comment at this time.”
Foley – who also has a stake in Lorient – had said on talkSPORT last Wednesday: “We’re going through the process with the Scottish Premier League (sic) and the Scottish Football Association to ensure that we’re doing things properly and that we’re doing them in a way that they’re happy with our participation.
“We’re not going to be a controlling shareholder, we’re going to be an investor but we certainly want to coordinate acquisition and disposition of players with Hibs and I know they can use the help.”
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