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

Budge completes Hearts deal

Ann Budge has completed her protracted takeover of Hearts, the supporters group Foundation of Hearts has confirmed.

Last Updated: 09/05/14 at 16:13 Post Comment

Hearts takeover by Ann Budge has been completed

Hearts takeover by Ann Budge has been completed

More of the games that matter

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

The Edinburgh businesswoman had been working on a sale and purchase agreement for her £2.5m deal, which takes the club out of administration.

The Foundation, which will gradually buy the club from Budge within five years, wrote on its Twitter account: "Four historic words for all Hearts supporters 'deal done, thank you'."

Hearts have been relegated this season - being stymied in their quest to overcome a 15-point deduction imposed in light of their financial strife - and will play in the Scottish Championship next term.

Manager Gary Locke, whose contract expires in the summer, has overseen a run of only one defeat in seven games and this week called for his future to be clarified.

The club's administrators BDO later issued a statement proclaiming their delight at the conclusion of the deal with Budge.

Joint administrator Bryan Jackson said: "BDO will continue behind the scenes for a few more weeks and it is planned will exit from office before the start of the 2014/2015 football season with Hearts being managed by the new board of directors for the remaining duration of the administration.

"This is a great day for Ann, for the club, and for the fans who have stood by their team throughout a difficult year.

"There is no question that this has been a tough period for all involved but, to their credit, the players, management and fans have remained steadfastly committed and loyal during a time which would have tested even the most ardent of supporters.

"I am very pleased for all involved that we have had a positive outcome to this administration. There have been times over the last year when it was not clear that we would get this result.

"There remain many challenges ahead for the club but it is clear that all involved remain resilient and determined to secure and maintain the great name of Heart of Midlothian for decades to come."

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