Next Game

Hearts v Cowdenb'th

Saturday, 20 September 2014, 15:00

Scots Champ

Last Game

Dumbarton 0 - 0 Hearts

Saturday, 13 September 2014, 15:00

Scots Champ

Further delay for Hearts sale

The takeover of Heart of Midlothian has been delayed after a court hearing to appoint administrators to former parent company UBIG was postponed.

Last Updated: 24/10/13 at 17:50 Post Comment

Hearts: Further delay to sale of club after court postponement in Lithuania

Hearts: Further delay to sale of club after court postponement in Lithuania

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

Kaunas District Court was expected to appoint bankruptcy administrators to the insolvent company on Thursday but that has been put back until next week at the earliest.

Hearts administrators BDO have stressed that they do not believe the latest delay will have a lasting impact on the sale of the club.

A spokesman said: "It's disappointing that the hearing has been delayed but it's only a short delay.

"It doesn't change anything in terms of what we are going to do. We will just carry on regardless.

"When the hearing happens, it happens. It's not going to stop us from starting the process of taking the club out of administration."

UBIG, which holds just under 50% of the shares in Hearts, had its assets frozen in April after declaring insolvency.

The sale of Hearts, which entered administration in June, cannot be completed until the situation with UBIG has been resolved.

Earlier this week, BDO initiated the process of putting together a company voluntary arrangement offer to creditors.

Fans group the Foundation of Hearts remain the preferred bidder for the 139-year-old club.

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

W

riting a minute by minute account on Berbatov would be like chronicling the days of the guy punished for sloth in the movie Se7en. Day 4 - lay in bed, did nothing - 15th minute, stood there did nothing .

lustral
Taking A Close Look At Mario...

W

hen players in their 30s leave Real Madrid, it's usually to Bolton Wanderers. I miss those days.

sailingmagpie
Top Ten CL Players Whetting Our Appetite

W

ow Pete, you would make an excellent stalker!

fouloleron
Taking A Close Look At Mario...

Footer 365

Europa League: Everton boss Roberto Martinez delighted with 4-1 win over Wolfsburg

Roberto Martinez was delighted with Everton's display as they brushed aside Wolfsburg to win 4-1 in the Europa League.

Europa League: Tottenham's Mauricio Pochettino hits out at Partizan banner

Tottenham's Mauricio Pochettino was angered by the "unacceptable" anti-Semitic banner displayed by Partizan fans.

Europa League: Everton open Group H campaign with 4-1 win over Wolfsburg

Everton opened their Europa League Group H campaign with a convincing 4-1 win over Wolfsburg at Goodison Park.

Mail Box

Why Doesn't Rodgers Play Borini?

One Liverpool supporter thinks this could be Fabio Borini's year, whilst we also have thoughts on the Red Bulls, Welbeck vs Gervinho and Paul Lambert's new deal...

Could Arsenal Benefit From Top Four Exit?

That's one idea in the morning mailbox as the Arsene Wenger debate rumbles on. Plus, comparing Welbeck to Gervinho and some advice for Greg Dyke and the FA...

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