Chris McLaughlin, BBC Scotland
After the Scottish FA cleared the way for his minority investment in Hibernian, Bournemouth owner Bill Foley has been speaking to BBC Scotland.
Here are the key points...
Foley wants Hibs to become "serial contenders for Europe, as opposed to just occasionally". His short-term goal is to have the side playing in the Europa League.
On a long-term scale, he aims to challenge Celtic and Rangers for the Scottish Premiership title, but admits it will take years. Adds it will require opening new revenue streams and developing homegrown talent.
The club will have a "few million pounds" to use in the summer transfer window with the goal of "evolving" the team.
Foley has always been "fascinated" with the Premiership since taking over at Bournemouth due to lack of "immigration issues" and talent development opportunities. However, he says he was told the SFA would not allow him to invest.
He "understood" SFA concerns, but "happy" not to hold management responsibilities.
Other clubs were scouted for potential investment. Celtic and Rangers were "unobtainable", while Aberdeen were "interesting" and Hearts were "more of a community-owned team". Hibs' location, fanbase and American ownership appealed to Foley, as well as a "kinship" with Scotland.