Cash-strapped Hearts up for sale on | inside World Soccer

Cash-strapped Hearts up for sale on

Saturday, July 6, 2013

Scottish Premier League club Heart of Midlothian, who were placed into administration last month, have been advertised for sale on

One of Scotland's most famous football clubs is advertised for sale on business for sale website
One of Scotland's most famous football clubs is advertised for sale on business for sale website

Founded in 1874, Hearts are one of Scotland's oldest clubs and have won the Scottish league title four times.

But the club were forced into administration last month due to debts of £25 million - owed to companies formerly owned by the club's owner Vladimir Romanov.

BDO, who are in charge of the administration process, had set a deadline of 12 July 2013 to lodge bids for the Edinburgh-based outfit.

And with time running out, BDO have taken a drastic step in an effort to find an owner for the club by listing them on the business for sale website,

"We're delighted that BDO has chosen to advertise Hearts of Midlothian on," said co-founder and technical director of, Andrew Markou.

"With one million buyers a month visiting our site and Hearts being one of Scotland's most famous football clubs, there's every chance of BDO finding more bidders."

Here is the ad for the club as it appears on the website.

Joint Administrators of Heart of Midlothian plc offer for sale Business and assets of this Edinburgh-based Scottish Premier League football club, including the brand and freehold stadium.

- Founded in 1874, with 16 League and Cup wins

- Freehold of 17,500 all-seater Tynecastle Stadium

- Average attendance of c.13,000, with a loyal fan base including c.10,000 season ticket holders

- Heart of Midlothian Football Club brand and associated goodwill

- Squad of 22 players, together with a highly skilled, loyal and experienced workforce

Formal offers should be submitted to the Joint Administrators by 5pm on Friday 12 July 2013.

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