Chris McLaughlin, BBC Scotland
Bill Foley says Hibs are aiming to end the decades of Old Firm dominance in Scottish football with his minority investment.
It has been 39 years since a club other than Celtic or Rangers lifted the top-flight title, and while the American billionaire admits it will take years of development, he insists the Easter Road side can disrupt the status quo.
Asked what his goals were for Hibs, Foley said: "Short-term is to play in Europe, get in the Europa League, so be number three or four [in the Premiership] so we can work our way up.
"My long-term ambition is to challenge Celtic and Rangers for one of the top spots, but that is a longer term ambition. I hope I'm around to see it.
"It's going to be difficult. It's going to take years of developing the squad and opening more revenue sources so Hibs can be more competitive, even in the transfer market.
"And Hibs have got to develop homegrown players, lots of homegrown players. And if we do that and we're successful and we have the right academy behind us, anything is possible."
The Bournemouth owner has pledged to inject money into Hibs with the hope of evolving the team, adding that he will boost their transfer budget ahead of next season's campaign.
"I think they'll have a few million pounds to help them in the transfer window next summer," he explained. "Interestingly, we're making an investment in the team. We're just really helping, honestly.
"I love the idea of being affiliated with a Scottish Premiership team and I want them to be just as successful as Bournemouth and really do well. We're here to co-operate on the football side.
"It's a small investment. It should help Hibs continue to develop their stadium, aide in their training facility and give them access to some funds for the transfer window."