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SBD Global/February 14, 2013/Franchises

Hearts Fans Demand Answers After Bank Owned By Club Owner Goes Into Administration

Scottish Premier League Heart of Midlothian fans "were demanding answers" Tuesday night after the bank owned by club Owner Vladimir Romanov "was plunged into administration," according to Greig Thomas of the Scotland DAILY RECORD. Jambo supporters now fear for their club’s future after it was revealed that Ukio Bankas "was suffering severe problems." But the Tynecastle club "sought to play down" Tuesday’s events. Hearts stressed they are owned by investment group UBIG -- "an entirely separate entity" that "stands alone from Ukio Bankas." Foundation of Hearts Chair Alex Mackie "was due to hold a meeting on Monday to discuss the consortium’s next steps" as it weighs up "a fresh offer for the club." He said: "I want to assess exactly what is going on. But this is certainly a major event" (DAILY RECORD, 2/13).
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