Hearts administration: Ian Murray urges patience

Ian Murray MP at Tynecastle. Picture: SNS
Ian Murray MP at Tynecastle. Picture: SNS
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Foundation of Hearts chairman Ian Murray has urged fans to remain patient in their bid to bring the club out of administration and has promised that the rewards of their investment and hard work will be “sweet” in the long run.

After the umbrella group of supporters’ organisations revealed that they had completed a second month of direct debit contributions from around 7,700 fans, Murray insisted that much hard work was continuing behind the scenes in an attempt to put together a rescue package for the troubled club.

The next step in a complex process, which began with the appointment of insolvency experts BDO as administrator in June, hinges on administrators being confirmed at former owner Vladimir Romanov’s fallen investment firm Ubig in Lithuania.

Murray said: “We know it has been a quieter month, but supporters should be assured that there’s no less work going on behind the scenes to move things forward.

“In many ways, we are still waiting on matters in Lithuania to be resolved, but we know BDO are working extremely hard to secure the clarity we need to be able to move forward towards the process of a CVA.

“Patience is certainly something we all need right now. The process of administration is always very complicated, not least when you are dealing with issues almost entirely out of our own country’s judicial system.

“This is a long journey which we’re making together. It will take time but the rewards will be sweet.”