Rugby man upbeat about giving Hearts an investor lifeline

Hearts

By Andrew Warshaw
June 24 – Former Scottish Rugby Union chief executive Gordon McKie is emerging as a possible saviour for Heart of Midlothian, the stricken Scottish Premier League club that has been plunged into administration with debts of £25m. McKie, who was involved in an unsuccessful attempt to take over Rangers last summer, has met with Hearts administrators with a view to a consortium of five or six investors buying the Edinburgh club.

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Bulgarian giants CSKA Sofia fold as Stoichkov handed full control

Hristo Stoichkov

By Andrew Warshaw
June 24 – Bulgaria’s most successful club, CSKA Sofia, has declared itself bankrupt and will try to merge with another club to carry on competing in a different guise next season – or end up in the amateur ranks. The 31-time national champions have been struggling financially in recent years, along with many Bulgarian clubs, and were barred from the Champions League in 2008-09 after failing to meet UEFA’s licensing criteria.

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Hearts broken as administrators hunt for funding

Hearts

By Andrew Warshaw
June 20 – In the same month that Scottish football agreed on a ground-breaking strategy to preserve the future of lower-league clubs, one of its most iconic, Heart of Midlothian, has ironically been forced to go into administration and has been docked 15 points for the start of the season.

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