Menu
Franchises

New Hope For Heart Of Midlothian As Administrator Says Rescue Package On Way

Lithuanian administrator Gintaras Adomonis, who holds the key to Scottish Premiership club Heart of Midlothian's survival hopes, "stressed that the stricken Edinburgh club will 'probably' be saved from liquidation," according to Keith Jackson of the Scotland DAILY RECORD. Gintaras Adomonis said that the company’s creditors will "rubber-stamp a rescue package for the Tynecastle outfit on Monday." He also claimed that creditors of parent firm UBIG "are unlikely to block the deal" at a meeting on the same day which would "pave the way for Ann Budge to move ahead with her takeover." Budge has offered UBIG and Ukio Bankas £2.5M ($4.1M) for their majority shareholding in Hearts. The assurances "were cautiously welcomed in Gorgie" although Hearts administrator Bryan Jackson "is still hugely concerned about the club’s future." Jackson "has heard it all before," having spent the last five months trying to push the deal over the line despite originally agreeing the terms of a CVA back in November. And Jackson "is believed to be furious with the stalling tactics of his Lithuanian counterparts" which have been described as “dishonest” (DAILY RECORD, 4/2).

SBJ Morning Buzzcast: April 25, 2024

Motor City's big weekend; Kevin Warren's big bet; Bill Belichick's big makeover and the WNBA's big week continues

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2014/04/03/Franchises/Hearts.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2014/04/03/Franchises/Hearts.aspx

CLOSE