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UK consortium lodges bid for ailing Hearts

Heart of Midlothian have received an offer from a UK consortium to take over the club.

The Edinburgh outfit are currently in administration with BDO taking control as per the wishes of the clubs creditors Ukio Bankas and Ukio Bankas Investment Group.

Reports suggest they are ready to listen to offers in order to push through the Creditors' Voluntary Arrangement (CVA).

"We are acting for clients who don't wish to be named at this moment but they are Hearts-minded," said Edinburgh businessman Stephen Paterson who is fronting the group.

"The bid is for everything, it's not about splitting the ground from the team or anything. We want the club, the players, the ground, everything.

"The Lithuanian administrator has indicated he will vote for our CVA, albeit with a 15-point penalty for Hearts for entering administration.

"It is up to the administrator at Hearts to go through that process. Our bid is predicated on a CVA happening."

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Andrew Slevison
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Andrew Slevison

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