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4mo ago

Brighton Owner Tony Bloom Proposes £9.86m Investment in Hearts

The deal, offering a 29% non-voting stake, seeks to preserve fan governance while aiming to elevate Hearts' competitive standing in Scottish football.

Brighton have become an established Premier League force since Bloom took over as chairman in 2009

Overview

  • Tony Bloom has formally proposed a £9.86m investment in Heart of Midlothian for a 29% stake through non-voting shares.
  • The Foundation of Hearts, the fan ownership group, has described the proposal as an 'unprecedented opportunity' and recommended members vote in favor.
  • A consultation period with Foundation of Hearts members is underway, with a vote requiring over 50% approval by May 26 to proceed.
  • The deal remains contingent on legally binding documentation, approval from the Scottish Football Association, and other regulatory clearances.
  • Bloom, leveraging his track record of data-driven success at Brighton, aims to disrupt Scottish football's hierarchy and elevate Hearts closer to top-tier clubs like Celtic and Rangers.