Bill Foley is interested in buying a minority take in Hibernian.
It emerged on Tuesday night that the billionaire had held talks with the Edinburgh club over the potential investment.
It's believed that initial discussions have taken place with the Premiership side's CEO Ben Kensell and Foley. Hibs were bought in 2019 by American Ron Gordon, who passed away last year. Control of the club has passed to his wife Kit and son Ian.
This news comes as the Scottish FA is currently reviewing a rule that prevents an individual or organisation from owning two clubs at the same time.
But who is the investor? Here is everything you need to know...
Who is Bill Foley?
Bill Foley is an American businessman and a former attorney who specialised in financial services.
The 78-year-old was born in Austin, Texas.
After a short career in the US Air Force, Foley moved into corporate law before buying Fidelity National Financial.
He is the main man of Black Knight Sports & Entertainment, a consortium that owns the American hockey club Vegas Golden Knights. He leads investment and holds the position of chairman and CEO, so he's pretty hands-on with that project.
The American also has financial backing in golf courses, hotels, drink companies, restaurants and auto parts manufacturers.
How much is Bill Foley worth & how did he make his money?
Foley has an estimated net worth of around $1.6 billion.
He studied at the United States Military Academy during his early days before moving into business.
And it was here that he made $40,000 on the stock market in which he invested during his spare time.
How did Bill Foley become involved in football?
He initially showed an interest in football in the United States. His first known interest was explored with the potential acquisition of National Football League’s Jacksonville Jaguars. Shahid Khan eventually purchased the club.
Foley did finally make the jump into football investment though after he bought AFC Bournemouth in 2022.
This is not the only sports team owned by Foley. Earlier in 2023 he also purchased a minority stake in French Ligue 1 Club Lorient, who are now partners with the Premier League side.
Just this month the Australian Professional Leagues announced Foley as the preferred bidder to own a new A-Leagues expansion club based in Auckland, New Zealand. The licence would include both men’s and women’s teams to be introduced for upcoming 2024/25 season.
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