Ann Budge in open letter to Hearts fans

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Prospective Hearts owner Ann Budge has for the first time spoken of her desire to complete her takeover of the club in time for the new season.

The Edinburgh business- woman has told fans she is certain the formalities of the proposed transfer of Hearts shares from Ukio Bankas and UBIG will be completed without a hitch – in time for the new season and thereby evading another possible points reduction.

Hearts administrators BDO revealed on Wednesday that the deal for a £2.5million CVA had been agreed and the transactions were 90 per cent complete.

Budge, whose company 
BIDCO 1874, will take formal control of Hearts once all the legal documents have been signed, said, in an open letter to fans: “We are all very confident that this work will be completed well before the start of next season to avoid the possibility of any further football sanctions. I am also working with the current management team at Tynecastle, to ensure I have a clear understanding of the issues, to allow me to ‘hit the ground running’ in terms of taking over control of the club, when legally allowed to do so.

“There has been, and will continue to be, a significant number of questions that you will wish to have answered. One that I do want to answer now is the question relating to those supporters who paid for shares in the last share issue and have never received their share certificates. This is something I am totally committed to rectifying and I will address it as soon as I am in a position to do so.

“I hope this has helped to clarify things somewhat and not added to the confusion that I know is out there. Please be assured that from this point onwards, I will work diligently to keep you informed at all times, on what is happening at the club.

“I will conclude for now by just saying a huge thank you.

“This week will go down in the history of Heart of Midlothian FC as one of the most important. We are within touching distance of bringing our club home.

“This has only been possible not because of me, not because of the Foundation of Hearts, not because of BDO or anyone else – it is because of you, the supporters of the Club who have stood by Hearts and the Foundation.”