Hearts stadium sale backed by shareholders
By
Shareholders at Hearts Football Club have voted in favour of selling the club’s Tynecastle stadium to property developer, Cala Management.
In an extraordinary general meeting held on 13 September, 62.5 per cent of the club’s shareholders voted in favour of the plans.
The club hopes to Tynecastle in order to reduce its £17.6m debt.
Earlier this year, the Edinburgh club announced it was planning to move to Murrayfield and share the stadium with the Scottish Rugby Federation.
The club added that the sale cannot be concluded before 31 January 2005 and remains conditional.
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Shareholders at Hearts Football Club have voted in favour of selling the club’s Tynecastle stadium to property developer, Cala Management.
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