STADIUM FUNDING PROPOSAL – RESULT OF VOTE

The result of the vote on the stadium funding proposal was announced today, with the following email sent to Foundation members:

Dear Member

RESOLUTION TO APPROVE STADIUM FUNDING PROPOSAL

The vote on the stadium funding proposal closed on Wednesday and we would like to thank everyone who voted.

The results are as follows:

Total votes cast: 3790

Total votes for the proposal: 3747
Total votes against the proposal: 43

Percentage of votes for the proposal: 98.86 per cent
Percentage of votes against the proposal: 1.14 per cent

The resolution is therefore passed and we will now formalise with Bidco the changes to the financial agreement. From 1 June, our funds will be paid to the club for application to the Tynecastle Redevelopment Project.

We are absolutely delighted that the Foundation members have given such a resounding vote in favour of the offer from Ann. We thank you for this response and we are now very much looking forward to proceeding with the amended financial arrangements as authorised by the members.

The last two years have been historic on all fronts for the club and the Foundation. This vote is yet another very significant milestone on the road we are all travelling together and reconfirms our commitment to supporting the club with its ambitious developments at our spiritual home, Tynecastle. Once again, Hearts’ supporters have demonstrated that they share – and wish to deliver – the positive vision which has been forged for this club from what was only two years ago the bleakest of circumstances. The future is looking very bright.

Thank you again.

Yours faithfully

Brian Cormack
Chair
Foundation of Hearts