Hearts reject Mackie approach

Hearts have declined an "opportunistic" approach from a consortium led by businessman Alex Mackie and reported "positive" talks over fan ownership of the Tynecastle club.

Last Updated: 13/11/12 at 20:57 Post Comment

A consortium wants to buy out Hearts owner Vladimir Romanov

A consortium wants to buy out Hearts owner Vladimir Romanov

More of the games that matter

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

The struggling club have a £1.75m tax case hanging over them which was revealed when a £1.79m share issue was recently launched.

Hearts have entered initial discussions with Supporters Direct, the government-backed organisation set-up to promote fan ownership, as well as confirming they have received and rejected a 'note of interest' from a consortium led by Mackie.

A statement on the club's website read: "The proposal has no consideration of cash for the shares of the club, even if the debt is removed completely and demonstrates a staggering misjudgement of the value of the club and a worrying lack of understanding of the situation.

"At best it is opportunistic; an attempt to exploit what is a difficult financial situation at the club. No evidence was provided on how the club would be operated and resourced after any potential purchase."

The statement added that the club remains open to "genuine offers" and will continue to operate with the support of the fans through the current share issue and other fundraising.

Club director Sergejus Fedotovas said: "When we move the club on it will be to the right people at the right time.

"With this in mind we have held positive initial discussions with Supporters Direct and we have asked this organisation for further talks on how we might be able to structure an appropriate supporter led buy-out of the club.

"At present we will continue these talks with Supporters Direct in parallel with maintaining the momentum that is gathering behind the club's share issue and other fundraising activities."

He added: "Together the staff, players, supporters, club partners and political and community groups are already making their mark on the club.

"With their continued support we do believe can steer through the current financial challenges we face."

More of the games that matter

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

Related News

Most Commented

Readers' Comments

I

cant help but feel he has his face on inside out. I'm not a violent man but I don't think I would ever tire of punching it.

dryice
Chelsea reject blames fee

E

verytime I go into KFC I boooooooooooo Norman. Judas. It was the lure of the fresh hand wipes apparently.

cheshire-gooner
Cole explains Arsenal 'snub'

Y

ou probably find he was physically ill when he found out they werent paying him to come to the celebrations.

sodoff
Cole explains Arsenal 'snub'

Footer 365

Liverpool lose to Besiktas 5-4 on penalties after Turkish side win round-of-32 second leg 1-0

Liverpool crashed out of the Europa League as Dejan Lovren missed the decisive penalty in a 5-4 shoot-out defeat by Besiktas.

Oldham 'would welcome Scholes'

Stand-in boss Dean Holden insists he would not be surprised if Oldham managed to lure Paul Scholes into management.

Chelsea announce huge shirt sponsorship deal with Yokohama Rubber

Chelsea have announced a new shirt sponsorship with Yokohama Rubber, reportedly worth £40m-a- year.

Mail Box

Greatest Spaniards And Arsenal Laughs

There's more debate on the greatest Spaniards in the afternoon mailbox, plus plenty more reaction to Arsenal's Champions League defeat.

Arsenal Mess It Up, As Inevitable As Ever

Unsurprisingly, there's a great deal of fall out after Arsenal's latest shambles against Monaco. Plus how Football365 went too early with the phrase 'peak Arsenal'...

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