Rangers is referred to as the “best club in the world” by Foley who assures Hibs and the SFA approves the sponsor as Celtic set the price for O’Riley.

O’Riley’s asking price was determined by Celtic.
Atletico Madrid attempted to sign Celtic midfielder Matt O’Riley during the January transfer window, but their attempt was unsuccessful. The Danish international was interested in being loaned to the Spanish powerhouses for the balance of the season, with an obligation to buy in the summer. With the Danish news outlet Tipsbladet suggesting that Madrid was willing to pay £18 million for O’Riley, more information regarding the amounts involved has surfaced. Celtic rejected that offer and countered with a £25 million demand, but the La Liga team was unable to come back with a better offer. With 10 goals and 12 assists this season, O’Riley has been a standout for Celtic, making significant contributions both at home and in the Champions League.

The billionaire owner of Bournemouth, Bill Foley, made a commitment to “help Hibernian reach new levels of success” after his bid to become a minority stakeholder in the Edinburgh club was formally approved at the annual general meeting on Tuesday night. After weeks of negotiations, the Scottish Football Association provisionally authorized the purchase, and now the American Black Knight Football Club (BKFC) has acquired 25% of the Celtic Premiership club’s shares. Foley is anticipated to contribute approximately £6 million to the Hibs team and facilities in an effort to position the Edinburgh club, which is owned by the late Ron Gordon’s family, as Scotland’s third powerhouse, behind the traditional big two of Rangers and Celtic. “We’re thrilled.”