The latest wave of additional investment into Hibernian has been approved, the club has confirmed.
Shareholders Leslie Robb, Hibernian Supporters Limited (HSL), and Bydand Sports LLC have all increased their respective shareholdings ahead of the new season.
This move has been approved by Bill Foley's Black Knight Football Group, who invested £6m into the Edinburgh outfit earlier this year.
A club statement reads: "Hibernian FC can confirm that additional investment into the Football Club has been successfully completed.
"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, June 4."
The news comes as David Gray is expected to be announced as the new permanent head coach of the club.
The 36-year-old has been in caretaker charge - for the fourth time - since Nick Montgomery was dismissed from his position last month.
The 2016 Scottish Cup-winning hero is expected to be announced as the new head coach in the coming days.
He will work closely with Malky Mackay, who is the Easter Road side's new sporting director.
READ MORE: Scot Gardiner resigns as Inverness CT chief executive
Meanwhile, Scot Gardiner has resigned as chief executive of Inverness Caledonian Thistle.
It follows on just days after chairman Ross Morrison stood down following severe backlash from supporters about the board's decision to move the club's training base to Fife.
Yesterday, that call - to book out Kelty Hearts' ground 135 miles away from Inverness - was reversed, with training to stay local in the Highlands.
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