Next Game

Hibernian v Hearts

Sunday, 26 October 2014, 12:15

Scots Champ

Last Game

Hearts 5 - 1 Dumbarton

Saturday, 18 October 2014, 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

2 years free Sky Broadband Unlimited for Sky Sports customers

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

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

H

e doesn't need a caoch. He needs a bus. A bloody big one, that he can park across the goal line. And when he gets one, he can do us a favour and let us know where we can buy one from as well.

HarryBoulton
Rodgers: No defence coach

Y

ou are wrong Per, thats the right way the play. Its everyone elses' fault that it doesnt work.

delboy
Mertesacker urges style change

A

s it's panto season coming soon, let me be the first Oh yes you do

munchie
Rodgers: No defence coach

Footer 365

Sky sources: Mike Ashley proposes an emergency loan offer to Rangers

Sky Sports understands that Mike Ashley is proposing an emergency loan offer to Rangers.

Europa League: Everton investigating trouble in Lille before Thursday's match

Everton will work with Merseyside and French police to establish the facts about Thursday's crowd trouble in Lille.

Premier League: Tottenham to commemorate Bill Nicholson at Sunday's game against Newcastle

Tottenham will commemorate Bill Nicholson by bathing White Hart Lane in white when they face Newcastle on Sunday.

Mail Box

'Goals Like That Can Make You Pregnant'

Those being sniffy about Erik Lamela's rabona are given short shrift in the afternoon mailbox, where criticism of Brendan Rodgers is smashed out of the park...

Does David De Gea Need Competition?

It would certainly be a good idea to give Victor Valdes a contract, while we have more mails on Brendan Rodgers, Arsene Wenger, the rabona and mailbox gripes...

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