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

2 years free Sky Broadband Unlimited for Sky Sports customers

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

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

F

ergie, aren't you supposed to make a beep beep noise when backing up like that?

simonthfc
Ferguson: Club made Moyes decision

S

ome of these are quality! Why you no like him F365?? :(

left right out
The, Erm, 'Best' Of Henry James Redknapp

W

e're our own worst enemy. We're suicidal in defence, and we may just get slaughtered on Sunday. Other than that, I am very pleased with my team.

bob the manc
Van Gaal: We can catch Chelsea

Footer 365

Liverpool v Real Madrid: Steven Gerrard says Reds must raise their game

Steven Gerrard says Liverpool respect Real Madrid – but won’t let them have things their own way at Anfield.

Fabio Cannavaro under investigation over taxes

World Cup winner Fabio Cannavaro is under investigation over a suspected major tax fraud, Italian police have confirmed.

Ron Gourlay stands down as Chelsea chief executive

Chelsea have announced that chief executive Ron Gourlay is stepping down after 10 years on the club's board.

Mail Box

Do Man City Have A 'Small Mentality'?

That's one claim in the mailbox after Vincent Kompany focused on a few hundred CSKA fans sneaking into the ground instead of City blowing a two-goal lead...

City: Like A Deer Caught In The Headlights

...while Chelsea just live for Champions League nights. That's one view in a mailbox that also includes several happy football fans and looks forward to Michael Carrick's return...

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