BDO Partners Appointed Administrators of Hearts
Thu 20th Jun 2013 | Football Club Administration
Bryan Jackson, James Stephen and Trevor Birch, partners of accountancy and business advisory firm BDO, have been appointed joint administrators of Heart of Midlothian Football Club plc.
The Administrators were appointed at the request of AB Ukio Bankas (in bankruptcy administration), which is itself in administration and a major creditor of the club with a floating charge over the assets.
Bryan Jackson, business restructuring partner at BDO LLP, said: “I can confirm that we have today been appointed administrators of Hearts. Fans will, inevitably, be concerned about these developments and none of them will have wanted this moment to arrive.
“We will now undertake an urgent examination of the company’s records prior to making any further announcements.
“We are acutely aware of the need for speed in this process given the uncertainty of the last few weeks and the proximity of the season’s start. We will be talking to all the parties that have shown interest in the club in order to find a resolution as quickly as possible.”
Posted by: Aaron Gourley
To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.
If you have any football business related news stories you’d like to share then please contact us – firstname.lastname@example.org
Fri 21st Apr 2017 | Football Club Administration
Notts County Ladies Football Club have folded after Alan Hardy admitted defeat in his bid to save the club which faced a near-£1million bill to stay afloat this season. The Notts County chairman...
Fri 19th Feb 2016 | Football Club Administration
Bolton Wanderers have today confirmed the sale of its Euxton training ground to ‘another North West football club’. The Championship club have debts totalling £172.9m and are...
Fri 11th Dec 2015 | Football Club Administration
Northampton Town Football Club has confirmed that the application for administration has been officially withdrawn. Legal agreements had been reached this week between the club and Northampton Borough...