Latest news with #FoundationOfHearts
Yahoo
26-05-2025
- Business
- Yahoo
Fans' vote sends emphatic message on Bloom's investment at Hearts
Hearts supporters have voted overwhelmingly in favour of accepting Albion owner Tony Bloom's investment proposal. It was announced earlier this month that the Albion chairman intended to plough £9.86million into the Edinburgh club in return for a 29% stake in the Jambos via non-voting shares. Bloom would also be entitled to one seat on the board, although he is expected to appoint someone on his behalf. The transaction had to be approved by members of Foundation of Hearts, the supporters' group who count as the club's majority shareholder, with a simple majority of more than 50 per cent of votes cast required in order to confirm the deal goes ahead. Following a consultation period that ran until Monday, the FoH announced that 98.5% have given the green light for Bloom to come on board. By happy coincidence, the news comes with Union St Gillosie, the Belgian club in which Bloom has a minority stake, still celebrating winning the title for the first time in 90 years. Verbruggen targets more progress for next season - including penalties How Hurzeler's points tally measures up - and is it a fair comparison? 'Foundation members have voted to accept the proposed investment in the club by Tony Bloom,' read a statement on Monday evening. 'A total of 6208 votes were cast, with 6112 voting in favour and 96 voting against. In percentage terms, this resulted in 98.5% voting in favour of the proposal.' An extraordinary general meeting of the club's shareholders will now be called in order to formally approve a transaction which Foundation of Hearts chairman Gerry Mallon said at the start of the consultation period could 'really help shake up the Scottish football establishment'.
BBC News
26-05-2025
- Business
- BBC News
Bloom set for £10m Hearts stake after vote approval
Tony Bloom is set to take up a 29% stake in Hearts after the club's majority shareholder group voted in favour of the Brighton & Hove Albion owner's £10m investment Foundation of Hearts say from a total of 6,208 votes - which represented a 70% turnout - 6,112 voted in favour and 96 voted against. Bloom needed approval of more than 50% for his offer to be accepted."Clearly it is a huge majority in favour and this demonstrates - once again - the passion the foundation members have for the club and their determination to see it move forward and reap the benefits of the financial investment," the group said in a statement. "Tony Bloom's decision to invest in Hearts was very much founded on the many benefits he saw at Tynecastle through the club being in fan ownership, not least its financial security through the level of our pledging."Bloom will be purchasing non-voting rights shares, which would not impact the 75.1% voting rights held by the Foundation of Hearts but he will be entitled to one place on the board and is expected to appoint a representative rather than take up the position had said Bloom believes Hearts can "disrupt Scottish football" and that he wants to be a part of a "glorious chapter" in the Edinburgh club's finished season 2024-25 seventh in the Scottish Premiership and have appointed Derek McInnes as their new club has a formal relationship with Bloom's company Jamestown Analytics for recruitment.
Times
20-05-2025
- Business
- Times
Hearts head coach Derek McInnes excited by Tony Bloom revolution
Derek McInnes is invigorated by the idea of leading the next Tony Bloom success story. As Heart of Midlothian's new head coach conducted his first round of media interviews on Monday it took him no time to namedrop the two other European clubs in Bloom's stable, Brighton & Hove Albion and Union Saint-Gilloise in Belgium. It was clear, from the enthusiasm emanating from McInnes on the first day of his four-year contract, that he could imagine Hearts similarly realising the potential Bloom imagines for them in the Scottish game. The multi-millionaire professional sports gambler and Brighton owner and chairman will invest almost £10million as long as fan ownership group The Foundation of Hearts approves his offer for non-voting shares. Hearts have already agreed a partnership
BBC News
15-05-2025
- Sport
- BBC News
'Decent football but months too late'
We asked for your views on Hearts' 2-1 win against St what some of you said:Alexander: Rotten performance against the worst team in the league. Looking forward to Derek McInnes coming in. It will be interesting to see if he's allowed to appoint his own coaches or has coaches loyal to Ann Budge and Craig Levein foisted on him like Daniel Stendel and Neil Critchley. Liam Fox being a very much Budge and Levein man!Gordon: Sensible choice for the new manager, but this has come only after years of wasted millions and debacles, for example, the shambles of the main stand rebuild. There are deeper problems at Hearts, of governance and accountability, with the Foundation of Hearts a passive nodding dog. These problems need addressed. Perhaps Tony Bloom's investment may help shake the governance structure up and help restore natural Beautiful weather, decent football, but months too late. What could have been. Harry Milne looked very good, and Lawrence Shankland is playing with a freedom he's been missing. Fox must have a part to play in any new As usual, when you play a great player like Shankland in the right position, he scores, but he has more to his game. Can't believe supporters were giving him It is difficult to understand why we persisted so long with Shankland playing deeper. I think it was done to lift the pressure off him for a while, but although it showed he had other strengths, it undermined his self belief, essential to a successful striker. I was not for giving him a new contract, but now I hope we do. McInnes is a good move, but please do it properly and not with the farcical waiting for Budge to return from holiday and the prospect of our new manager leading Kilmarnock against us. Only Hearts could be so silly.
The Sun
06-05-2025
- Business
- The Sun
Premier League chief, 55, confirms shock plans to become co-owner of Hearts with £9.68m investment
A PREMIER LEAGUE chief has made a proposal to become a co-owner of Hearts. The Scottish side are the biggest fan-owned club in the UK. 1 The Foundation of Hearts is the majority shareholder in the club, and they will begin a consultation period after receiving the proposal. They will have the opportunity to examine the proposal before voting on whether they want to approve the bid. The offer has been made by Brighton owner Tony Bloom, 55. It will see the Seagulls chief purchase a 29 per cent stake in the club for £9.86million. The bid requires a majority of shareholders to say yes and any transaction remains subject to entry into legally binding documentation, SFA approval and other normal course regulatory requirements. Hearts fans have reacted positively to the development and are optimistic it will prove to be an effective move. One reacted saying: "I think this is brilliant news as we might finally become title challengers in a few years." Another added: "We are back." A third wrote: "Surely after the season we've had no fan would vote against this Mon the Bloom." And another commented: "Absolute no brainer and hopefully a game changer 🤞🏼" Brighton have enjoyed a meteoric rise under Bloom's stewardship since he took over in 2009. He has overseen two promotions, taking the club from League One to the Premier League and the Europa League. Bloom is also a majority shareholder of Belgian Pro League club Royale Union Saint-Gilloise, purchasing his stake in 2018. They have won promotion since his takeover and are currently top of the league, having finished second last season.
