American Buyer Makes Move On Coventry David Beckham Hangs Up His Boots BBC Adds Ashes Tour To Radio Portfolio 'Fergie Factor' Worth $1.5B Clubs Accuse Scudamore Of Interference London Sells Olympic Media Centre Hearts Play Down SPL Finance Scrutiny Man City Plans To Increase Stadium Emirates Unveils New Arsenal Campaign Honda Is New McLaren Engine Supplier
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/November 9, 2012/Franchises
Scottish Government Says It Will Help Hearts As Club 'Teeters On The Brink'
Published November 9, 2012
HEARTS "CAN BE SAVED": REUTERS' Keith Weir reported that Hearts Dir Sergejus Fedotovas said that the club "can be saved." Fedotovas: "I don't believe that this is the end of Hearts. I am confident a solution will be found." The club is "urging fans to support a share issue" that aims to raise £1.8M ($2.9M) and to ensure the club's Tynecastle stadium is sold out for upcoming games (REUTERS, 11/8). The SCOTSMAN reported former Hearts Chair Leslie Deans "believes fans should put aside any recriminations over their desperate financial situation and focus on saving the club." Deans told BBC Radio Scotland’s Good Morning Scotland program: “The financial situations shouldn’t have been allowed to get as bad as it has. Hearts were effectively living beyond their means." He added: "A new buyer would be desirable, highly desirable. Vladimir Romanov made it clear that he wanted out and would be happy to sell his shares, whether that be one individual, whether that be a consortium, whether that be a fans group, remains to be seen. But I think inevitably a new buyer will emerge (SCOTSMAN, 11/8).