Hearts bids: Three groups add improved offers

Angelo Massone's ownership of Livingston is well remembered by fans. Picture: SNS
Angelo Massone's ownership of Livingston is well remembered by fans. Picture: SNS
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All three groups bidding for ownership of Hearts remain in the race after submitting slightly improved offers along with the required proof of funding last night.

Foundation of Hearts were the only suitor to meet yesterday’s 5pm deadline for firming up their offers and remain the clear-frontrunner to attain preferred bidder status.

However, joint-administrator Bryan Jackson confirmed today that both HMFC Limited, fronted by Bob Jamieson, and Angelo Massone’s Five Stars Football Limited did submit their evidence later in the evening and officially remain in the running.

All the relevant documentation has now been sent to Lithuania where it will be examined by administrators acting on behalf of Hearts’ main creditors. Discussions were due to take place between the club’s administrators BDO and those in Lithuania today in an effort to establish the credibility of each of the bids.

“Two of them came in so late that I’ve not had a chance to look at them properly,” Jackson told the Evening News today. “They were sent over to Lithuania last night and we will have a chat with the relevant people later today. For the moment, all three groups remain officially in the running although that will probably change over the next two or three days.”

Meanwhile, Hearts touched down in Belfast today with a full-strength squad of 22 ahead of tonight’s pre-season clash with Crusaders at The Oval. The party included captain Danny Wilson and Callum Paterson, who are both hoping to step
up their recovery from injury during the Jambos’ two games in Northern Ireland.