Tony Bloom's £10m investment in Hearts gets go-ahead at Tynecastle EGM
Tony Bloom's £10m investment in Hearts has been finalised at a meeting of the club's shareholders.
An Extraordinary General Meeting held at Tynecastle rubber-stamped the proposed investment, which will see Brighton owner Tony Bloom take a 29% share of Hearts.
Bloom previously told majority shareholders Foundation of Hearts that he wanted to 'disrupt Scottish football' with his involvement in the Edinburgh club.
Wednesday's meeting allowed the club's board to issue a new tranche of non-voting shares for Bloom to buy, and also allowed Hearts' articles of association to be updated.
It now formalises Bloom's investment, which has already been approved by the Scottish FA. He is expected to appoint a representative to the Hearts board when his share purchase is complete.
As owner of Brighton, and of Belgian side Union Saint-Gilloise, his involvement in the club needed approval from Hampden bosses.
While there is no barrier to multi-club ownership, the Scottish FA ensures that there is no conflict of interest that could affect Hearts' ability to play in Europe.
The businessman's data analytics company Jamestown Analytics has already been advising Hearts on player recruitment and the selection of head coach Derek McInnes and his predecessor Neil Critchley.
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