Bloom completes investment in Hearts
Tony Bloom has completed his near £10m investment in Hearts and James Franks will now join the Tynecastle club's board as a non-executive director.
Andrew Mckinlay, the Jambos' chief executive, confirmed the move and said the announcement was a culmination of the club's fans belief and support.
He added: 'When Tony's investment proposal became public in May, it captured the imaginations of our supporters as demonstrated by Foyundation of Hearts members voting 98.5 per cent in favour.
'A tremendous amount of hard work as gone on behind the scenes to turn a proposal into a reality.'
Bloom, who is the majority owner and chairman of English Premiership side, Brighton and Hove Albion, and now has a 29 per cent stake in the Gorgie club, said that he firmly believes in the club's ability to disrupt the pattern of domination of Scottish football.
It has, he claimed, been in place too long and he added: 'This great club has a bright future and I look forward to seeing that unfold in the months and years ahead.'
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