Ukio deal frees football club
VILNIUS - The creditors’ committee at Ukio Bank has approved the proposal to waive their rights to the property of the Scottish football club Hearts, including pledging shares of the company which owns the club, for the amount agreed, reports ELTA.
The move will enable reaching an amicable settlement between the shareholders of the club and the creditors. It will also allow for the sale of Heart of Midlothian Plc, the company which owns the Hearts football club, to the investor Bidco. ...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times
. If you are already subscribed to The Baltic Times
, please log on using the form on the top of the page. If you do not have a membership yet - please subscribe