Hibs have received further investment after a number of key shareholders increased their shareholdings. 

Bydand Sports, owned by the Gordon family, along with Hibernian Supporters Limited (HSL) and Leslie Robb have all 'subscribed for additional shares in the capital of the football club', with the additional investment given the green light at the club's most recent board meeting on Tuesday, June 4. The club is understood to have written to shareholders this week informing them of the development.

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Additional investment is a welcome boost for Hibs after a disappointing season in which they finished eighth in the Scottish Premiership and revealed that the club had posted a £3.9 million loss for the 2022/23 campaign - despite bringing in more than £3 million in transfer fees.

Turnover at Easter Road rose to £12.4 million but staff costs accounted for just over £10 million and the wage-to-turnover ratio was shown to have grown by 10% to 81%, with a club spokesperson saying the figures 'fell short of our goals'. However, the club maintains that the next set of accounts will make for more comfortable reading. 

Billionaire Bournemouth owner Bill Foley, who acquired a minority stake in the club in February, is expected to pump in £6 million of his own cash into the club to go towards player recruitment and improvements to the club's infrastructure. 

A statement from the club issued on Thursday morning read: "Hibernian FC can confirm that additional investment into the Football Club has been successfully completed.

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"Ahead of the upcoming 2024/25 season, club shareholders Leslie Robb, Hibernian Supporters Limited (HSL), and Bydand Sports LLC have all increased their respective shareholdings by subscribing for additional shares in the capital of the football club, with the approval and support of the Black Knight Football Group.

"The club wrote to all shareholders and having obtained the necessary level of approval, the Board formally finalised the additional investment at the latest board meeting on Tuesday 4 June, 2024."