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SBD Global/November 27, 2012/Franchises

Hearts Supporters Group To Talk With Club Directors About Takeover

The group leading the fans' bid to buy Scottish Premier League club Heart of Midlothian "face a make-or-break meeting with Tynecastle Dir Sergejus Fedotovas at the start of next month," according to Euan McLean of the Scotland DAILY RECORD. Supporters Direct Scotland Head Paul Goodwin insisted that "he has high hopes that Owner Vladimir Romanov is serious about transferring his stake" to the group. However, he "is refusing to give the Lithuanian owner a valuation at this stage until he gets an agreement in principal for the business model he is proposing to the Tynecastle club" (DAILY RECORD, 11/26). In Edinburgh, Stuart Bathgate reported Goodwin said that "he had been encouraged by talks he has already had with Hearts Managing Dir David Southern and believes that the club could develop into a model example of how supporter ownership can benefit Scottish football." Goodwin believes that there "is a growing acceptance that single benefactors are no longer a feasible option for clubs, and that community control is the most secure way of running a club." Goodwin said, "We all know there are no white knights out there who are willing to, not invest -- that’s the wrong word -- throw their money away into football" (SCOTSMAN, 11/26).
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