Club News

Start of a new era: Ann

16th April 2014

<b><font color=ff0000>Exclusive:</b></font> Chairwoman designate hails developments in Lithuania as a major step forward but asks fans for one final push in remain

The news that the creditors' committee of Ukio Bankas has agreed to its transfer of shares held in Hearts to BIDCO 1874 has been welcomed by director Ann Budge.

This development, coming after a similar agreement with UBIG for the sale of its 50 per cent stake in the club, clears the way for ownership of the club and Tynecastle Stadium to be transferred to BIDCO 1874 on the signing of the sale and purchase agreement.

BIDCO 1874 is confident this process can now be completed before the end of the season, although stressed that the continued backing of the fans in the weeks ahead is key to the club surviving to that stage.

"This is the beginning of a new era for Heart of Midlothian Football Club," said BIDCO 1874 director and Heart of Midlothian FC chairwoman designate Ann Budge.

"I would personally like to express my gratitude to the fans for their support and I am confident that together we can rebuild Heart of Midlothian FC to once again become one of the greatest clubs in the country.

"I am very much looking forward to the beginning of this new chapter in the club's history.

"We are not across the line just yet but this is a very positive step and we are almost there.

"The fans have been magnificent throughout but I would urge them to keep backing the team in their numbers during the last few games to ensure we get to the end of the season.

"The end is now in sight and together I am confident we can achieve our target."

Chairman of the Foundation of Hearts Ian Murray, MP, also welcomed today news adding: "This is fantastic news for the club and all the supporters who have, time after time, shown their support for the club.

"We still need to conclude the legal agreement but there is little doubt that today is the second most important day in the recent history of the club. The most important day will be when we officially exit administration.

"We will continue to work hard to get the final documentation concluded as soon as possible so we can look forward to the future with confidence.

"Thanks to BDO and everyone in Lithuania for getting it to this stage. It will not be forgotten. All I would urge is for all supporters to continue to support the Foundation of Hearts and ensure as many can attend the remaining matches of this momentous season.

"All supporters can have a great deal of self-congratulations tonight in what they have done to save this great club."

Pic: Scotsman Publications Ltd.

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On HeartsTV tomorrow, manager Gary Locke meets the media ahead of the visit of Ross County.