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The biggest creditor of the Scottish football club "Hearts" in Edinburgh, the bank "Ūkio bankas," has instructed the company BDO, which administrates the club, to continue negotiations with two potential buyers of the club in order to improve the financial offers. If the negotiations are unsuccessful, "Ūkio bankas" will initiate the liquidation procedure of the club.
"I can only repeat that we are doing everything we can to save the club beloved by football fans, but my duty is to ensure the interests of "Ūkio bankas" and its creditors. If potential buyers do not agree to improve their offers, we will have only one option - to liquidate the club owner "Hearts Hearts of Midlothian Plc." and realize the encumbrance of the "Tynecastle" stadium. However, I hope it will not come to that," said the bankruptcy administrator of Ūkio bankas, Gintaras Adomonis.
The company BDO, which administers the "Hearts" club managed by banker Vladimir Romanov, received three offers from investors, but none of them were acceptable. Last week, potential buyers presented revised offers, but they did not meet the expectations of the main creditor. "Ūkio bankas" agreed with the club administrator's proposal to continue negotiations with two investors. Negotiations with the third candidate, "HMFC Limited," were terminated.
According to AFP news agency data, negotiations are ongoing with the association "Foundation of Hearts," which unites the fans of the "Hearts" football club, and the company "Five Stars Football."
