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 Hearts
Topic Originator: wee eck  
Date:   Mon 30 Aug 17:38

From the BBC Sport website :-

Hearts have become the UK`s largest fan-owned club after Ann Budge`s majority shareholding was signed over to the Foundation of Hearts. Around 8,000 supporters make monthly pledges to the group with them officially taking ownership on Monday. Budge, who will stay as chair for at least "two years", says the importance of being fan owned but not fan run is crucial for the club`s future. She bought Hearts out of administration for £2.5m in 2014. That followed previous owner Vladimir Romanov`s tenure at the club, which culminated in debts of around £30m.

`It`s been seven hard years and many people have said you couldn`t do it, and we have proved it can be done. Everything has worked, almost to a dream. The club is financially secure, more so than its been for any time in the last seven years. The club are sitting top of the league and everyone has a right to be happy.`

In the past seven years the Foundation of Hearts have supported the club through pledges from supporters and in excess of £10m has gone to Hearts with a new main stand also being built during that time.

Chief executive Andrew McKinlay is expected to take more control of the day-to-day business at Hearts, while Edinburgh philanthropist James Anderson, who joined the club as a non-executive director in June, could also play a key part in the club`s future.



Post Edited (Mon 30 Aug 17:39)
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 Re: Hearts
Topic Originator: Stanza  
Date:   Mon 30 Aug 18:10

Well done to everyone involved at Hearts in bringing this about.

The challenge is now how to sustain it, and to keep getting fans involved in the day-to-day slog of club management rather than just in a crisis.

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Support Dunfermline Athletic Disabled Supporters` Club when you shop online with one of 7000 firms: http://www.easyfundraising.org.uk/causes/dadsc
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 Re: Hearts
Topic Originator: jake89  
Date:   Mon 30 Aug 18:18

Think it could work for them. There are enough wealthy supporters to maintain them as a club. However, they'll always be third at best and would need real investment to ever challenge for first or second.
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 Re: Hearts
Topic Originator: saltonsgonagetu  
Date:   Mon 30 Aug 18:46

Motherwell seem to be managing the club owned thing, even giving away free season tickets .
St Mirren are now fan owned

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