Next Game

Hearts v Rangers

Saturday, 02 May 2015, 12:15

Scots Champ

Last Game

Cowdenb'th 1 - 2 Hearts

Saturday, 25 April 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

N

o credit to Brendan for playing an innovative 'False No.1' for the first half of the season?

balls-to-monty
Football365's Top Ten PL Goalkeepers

I

ve been really impressed by Adrian when I've seen West Ham matches. Really good keeper and has earnt the 'Ammers many a point this season. Wouldn't swap Lloris for anyone either, he's currently far too good for us.

dryice
Football365's Top Ten PL Goalkeepers

H

ow is Mignolet, most PL clean sheets this season, not a part of this list? Ridiculous!

mahzaib aziz
Football365's Top Ten PL Goalkeepers

Footer 365

Manchester United confirm tour of US in 2015

Manchester United have confirmed they will face Barcelona, PSG, Club America and San Jose Earthquakes on a US tour this summer.

Nigel Pearson warns Leicester winning run is worth nothing yet

Leicester boss Nigel Pearson is delighted to be out of the Premier League's bottom three but has warned his players they have achieved nothing yet.

Jose Mourinho expects tough battle for Chelsea at Leicester

Chelsea boss Jose Mourinho expects Leicester to avoid relegation from the Premier League and is predicting a tough game on Wednesday.

Mail Box

Is Mrs Mediawatch A Brighton Fan?

The Mailbox stands firmly in Bournemouth's corner, Jose Mourinho is defended in force and Manchester City would want him if he was sacked at Chelsea...

Mourinho A 'Motivator Of Idiots'

The Mailbox asks whether Jose Mourinho is really that special or is he just 'a motivator of idiots?' And strikers don't come through at top clubs...apparently.

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