FOUNDATION of Hearts chairman Ian Murray has endorsed Ann Budge’s credentials as the millionaire businesswoman prepares to take control at Tynecastle.
The Edinburgh MP praised Budge’s business experience and belief in supporter ownership ahead of her £2.5million takeover, which will eventually lead to her handing the club over to the Foundation.
Budge, 65, is preparing her own board of directors through her BIDCO company, which will include representation from the Foundation. It is intended that she will pass control on to the fans’ umbrella group within five years once her initial £2.5m investment is repaid using supporters’ cash pledges.
“I am delighted to welcome the news that Ann Budge will become executive chairwoman of Hearts, as part of the announcement BIDCO issued,” said Murray in a statement. “Ann brings a wealth of experience, and a total belief in the values of supporter ownership through the Foundation of Hearts. I did use the analogy of Dragons Den and that is what we are getting with Ann’s wealth of experience.
“[This] news gives a clear indication of what we must achieve to ensure Hearts is in a strong position for the future. We have 7800 monthly contributors, and this can work as BIDCO said, but the more supporters that sign up, the faster any deal can be done. Our projections are also based on very much a worst-case scenario so the more we have will make a huge difference.
“There is an opportunity in front of us, and I am sure we will take it. This is a moment when we can create history.”