Liverpool Considers U.S. A Growing Market VCF Foundation Approves Of Valencia Sale FIFA Vows To Monitor Qatar WC Workers BT Profits Rise After Cost Cuts Final Two Houses Demolished At Anfield Windfall From TV Money Impacting EPL BT Sport To Carry German Friendlies Franchise Notes Glazers To Sell 8 Million ManU Shares Odey Rejects BSkyB Offer For German Sky
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/July 30, 2013/Franchises
Scottish Premier League Club Heart Of Midlothian Once Again Under Liquidation Threat
Published July 30, 2013
BAD TIMING: The Scotland DAILY RECORD reported the news "will cause panic, not only at the club, but among the ranks of the new Scottish Professional Football League" -- with the start of the new season just days away. Adomonis said, "I can repeat that we are doing everything we can to save the club functioning. However, I am obliged to protect solely the interests of Ukio bankas and its creditors" (DAILY RECORD, 7/29). The PA reported Ukio Bankas holds a 29.9% shareholding in Hearts and "has a floating charge on Tynecastle as security against the money it is owed." Meanwhile, Kaunas-based investment firm UBIG is owed a further £10M ($15.3M) by the club. It owns a 50% stake. Both companies "were once controlled by former Hearts Owner Vladimir Romanov but are now insolvent" (PA, 7/29).