Next Game

Hearts v Dumbarton

Saturday, 14 March 2015, 15:00

Scots Champ

Last Game

Hearts 10 - 0 Cowdenb'th

Saturday, 28 February 2015, 15:00

Scots Champ

Deadline set for Hearts bids

The administrators of Hearts have confirmed that potential buyers have just two weeks to lodge their bids.

Last Updated: 27/06/13 at 18:47 Post Comment

A number of parties have expressed an interest in Hearts

A number of parties have expressed an interest in Hearts

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

A number of groups have expressed an interest in the club, including a fans bid and a consortium being led by former Scottish Rugby Union chief executive Gordon McKie.

BDO will continue to negotiate with parties, but have warned that a deadline date of July 12 has been imposed for final offers.

The club's administrators are also continuing to liaise with administrators in Lithuania to ensure shares owned by UBIG, Ukio Bankas and Quantum are included in the sale along with ownership of Tynecastle stadium.

BDO also confirmed that Ryan Stevenson, Jamie MacDonald and Jamie Hamill have agreed to take pay cuts, while five others - four of whom were leaving on July 31 in any event, including skipper Marius Zaliukas - have been made redundant.

Striker John Sutton, who had one year remaining on his contract, has also been made redundant after failing to agree to a wage cut and he is free to find another club.

Trevor Birch, joint administrator of Hearts, said: "Although I'm fully aware we will still have obstacles to overcome in order to resolve the share transfer issues, I believe it is important to announce a quick deadline so we can ascertain the level of serious interest and tease out any other interested

parties that are out there. We look forward to working with all potential purchasers in the coming weeks.

"The support the club has received has been overwhelming: the generosity of the fans over the last week in buying season tickets, the support of those players taking pay cuts, the staff at the club who have not been paid last month's wages, and Wonga, which has brought forward payment of its sponsorship money for the coming season.

"All these gestures have played their part in keeping the club afloat and giving it a lifeline. As administrators we thank them greatly for all their efforts.

"We need everyone to maintain their effort because, although we are making progress, there is still a considerable way to go.

"Even though the bid deadline is only just over two weeks away, it will take time before a deal can be concluded and a CVA initiated, as a result of the ownership issues, so there is still some way to go before we can say that the club is safe."

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

C

isse should have appealed and explained that it was just a retaliation, just like Matic did. Apparently the FA are ok with retaliation.

Triangler
Cisse accepts FA charge

L

ove this guy. He's one of the few surviving players that I remember so vividly from Football Italia and Gazetta on Saturday mornings and Sunday afternoons.

HarryBoulton
Francesco Totti - The King Of Rome

T

his is such a non-story it's unreal. I think we all know we are not playing to our potential yet and it hasn't yet clicked properly so he can celebrate or not celebrate all he wants.

GVMUFC
Van Gaal denies Giggs rift

Footer 365

Mesut Ozil defended by Arsene Wenger after Paul Scholes criticism

Arsene Wenger claims Paul Scholes "would have loved to play with Mesut Ozil".

Football Association names Martin Glenn as its new chief executive

The Football Association has named Martin Glenn as its new chief executive.

Arsenal's Gabriel Paulista out for up to three weeks with hamstring injury

Arsene Wenger has confirmed that Arsenal defender Gabriel has been ruled out for up to three weeks with a hamstring injury.

Mail Box

Is Sissoko's Neck Very Distinctive?

Moussa Sissoko features in a really quite bizarre Distinctive Physical Features XI while we have mails on sexism, Angel Di Maria and Francesco Totti. Ramdom.

Have To Trust Managers On Mata

It's all very well bemoaning the lack of action for Juan Mata, but we have to trust the judgement of Van Gaal and Mourinho. Plus Martinez Out, and Leicester are doomed...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company