The board of the Scottish FA has approved a dual interest dispensation request from Hibernian Football Club under Article 13.

This approval has been granted subject to written undertakings, signed by the club, which among other commitments ensure:

  • Shareholding from the interested party, Black Knight Football and Entertainment [BKFE], does not exceed 29.99%.
  • That the agreement with the interested party does not preclude the club from participating in any UEFA competition it qualifies for due to BKFE’s interest in any other clubs.

 

  1. DUAL INTERESTS IN CLUBS

13.1 Except with the prior written consent of the Board:-

(a)  no club or nominee of a club; and

(b)  no person, whether absolutely or as a trustee, either alone or in conjunction with one or more associates or solely through an associate or associates (even where such person has no formal interest), who:-

(i)  is a member of a club; or

(ii)  is involved in any capacity whatsoever in the management or administration of

a club; or

(iii)  has any power whatsoever to influence the management or administration of a club, may at the same time either directly or indirectly:-

(A) be a member of another club; or

(B)  be involved in any capacity whatsoever in the management or administration of another club; or

(C)  have any power whatsoever to influence the management or administration of another club.

Article 13 can be found in full from Page 86 of the Scottish FA Articles of Association