This sale sees the Gordon family's ownership of the club increase to 85%, with Chairman Ian Gordon stating that there were "philosophical differences" between the club's vision and that of Black Knight, the company owned by Foley.

Gordon expressed gratitude towards Black Knight Football Club for amicably agreeing to the share acquisition, and wished them well for the future.

He also expressed confidence in Hibernian FC's football, strategic, commercial, and operational teams, and their ability to deliver success for years to come.