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Scottish Premiership Heart Of Midlothian Eager To See Ubig Bankruptcy Confirmed

Foundation of Hearts Chair Ian Murray "is hopeful a 'massive' week for the embattled Tynecastle club" began Monday with Ubig finally "being declared bankrupt," according to Alan Temple of the SCOTSMAN. The ruling "had been due to be made last Thursday, but a third successive delay to proceedings in Lithuania meant a frustrating wait for the fans’ group, who are preferred bidders for the club, and administrators BDO." A hearing "is now expected to take place at Kaunas District Court" Monday which will see the fallen investment giants -- which hold around 50% of the shares in Hearts as well as £8.2M ($13.2M) of their total £28.4M ($45.8M) debt -- "declared bankrupt." That will allow BDO "to begin the process of negotiating with whichever insolvency practitioner is appointed to run Ubig’s affairs; a pivotal step as they work towards a company voluntary arrangement." They "have already been boosted by last week’s news that Ukio Bankas" -- the club’s largest creditor with £15.5M ($25M), as well as a 29.9% shareholding and security over Tynecastle Stadium -- has "agreed in principle to back a CVA." Murray "is praying the meeting goes ahead, insisting the pattern of delays in Lithuania could become a concern" (SCOTSMAN, 10/28).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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