Next Game

Stenh'muir v Hearts

Tuesday, 26 August 2014, 19:30

Scot Comm'ties Lge Cup Second Round

Last Game

Raith 0 - 4 Hearts

Saturday, 23 August 2014, 15:00

Scots Champ

Consortium make Hearts offer

A UK-based consortium has lodged a takeover bid for stricken Scottish Premier League club Hearts.

Last Updated: 19/06/13 at 14:31 Post Comment

Tynecastle: Home of Hearts

Tynecastle: Home of Hearts

Bet £10 Get £30

Daily Offers And Promotions. Join Now & Bet £10 and Get a £30 Free Bet

The proposal is from a group of six wealthy businessmen and includes a draft Creditors' Voluntary Arrangement to help the Tynecastle club out of administration.

Administrators Valentas UAB of Ukio Bankas in Lithuania have indicated they would accept the CVA.

The consortium behind the bid wish to remain anonymous at this stage, but are fronted by Edinburgh businessmen Stephen Paterson and Fraser Kerr of Haines Watts accountants.

Paterson said: "We are acting for clients who don't wish to be named at this moment but they are Hearts-minded.

"The bid is for everything, it's not about splitting the ground from the team or anything. We want the club, the players, the ground, everything.

"The Lithuanian administrator has indicated he will vote for our CVA, albeit with a 15-point penalty for Hearts for entering administration.

"It is up to the administrator at Hearts to go through that process. Our bid is predicated on a CVA happening."

Ukio Bankas are to be liquidated but are owed £15m by Hearts and are the club's biggest creditors ahead of Ukio Bankas Investment Group, who are owed £10m.

Hearts stated their intention to enter administration on Monday with tax and player salaries unpaid and funding dried up on top of the combined £25m debts.

Bet £10 Get £30

Daily Offers And Promotions. Join Now & Bet £10 and Get a £30 Free Bet

Related News

Most Commented

Readers' Comments

T

his is brilliant! All these years of moral ambiguity, grey areas of offence and context..now we have a simple, easy to follow guide to right and wrong. What did you do today? I kicked the face off a panda . Oh well, you didn't rape, kill anyone or abuse a minor, knock yourself champ.

megabrow (cufc)
Redknapp leaps to Mackay defence

I

wonder if he'd feel the same way if he wasn't a white, non-jewish heterosexual male. Because Mackay has basically insulted everyone else!

Jay_D
Redknapp leaps to Mackay defence

C

heers Harry. I was wondering if he'd murdered anyone

Ezy_Rider
Redknapp leaps to Mackay defence

Footer 365

Transfer report: Manchester United close on Real Madrid and Argentina winger Angel di Maria

Manchester United are set to sign Real Madrid winger Angel di Maria, according to Sky Sports' Spanish football expert Guillem Balague.

Sky Bet League 2: Morecambe top after beating Cambridge as Burton are held at Newport

Morecambe are top of the Sky Bet League Two table after claiming a fourth straight win at Cambridge, but Burton were held at Newport.

Premier League: Late goals rescue a 2-2 draw for Arsenal at Everton

Arsenal scored two late goals as they came from behind in a gripping encounter at Goodison Park to hold Everton to a 2-2 draw.

Mail Box

More Fan Mail For Football365...

'Just p*ss off with your righteous indignation will you. W*nkers.' There's a lot of anger going around for what should have been a sleepy Friday afternoon at F365 Towers...

Man United: One Game To Save Season

They have one match to convince decent players that they are worth joining - over to you, Louis. We also have mails on Malky Mackay, Mario Balotelli and Tim...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property