Subscriber CaaC (John)+ 5,360 Posted February 5, 2020 Subscriber Share Posted February 5, 2020 Hearts: Fans group to take ownership by 'end of April' The Foundation of Hearts expects to take over ownership of the Scottish Premiership club by "around the end of April" after confirming it has repaid the £2.5m loan owed to Ann Budge. The fans' group will take control when Budge hands over her 75.1% stake. Budge joined forces with the Foundation when she paid £2.5m to take Hearts out of administration in 2014. Since then, the Foundation's continued financial backing to the club includes £3m towards a new main stand. Last August, Budge announced she intends to stay on as Hearts' chairwoman and chief executive until at least summer 2021 to assist in the transition to fan ownership. Stendel says 'more to come' from Clare Hearts sign Langer after Schalke exit Budge to stay on as Hearts CEO https://www.bbc.co.uk/sport/football/51383726 Link to comment Share on other sites More sharing options...
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