Administrators at Scottish club Hearts have set a deadline of July 12 for any interested parties to present their takeover bids.
The Scottish Premier League side are in financial turmoil, with a number of players in discussions over redundancy or wage cuts, and the deadline has been set in the hope that anyone with serious interest can be sought.
Trevor Birch, the club’s joint administrator, said that while there had been a good reaction to Hearts’ problems, there was still some way to go.
“Although I’m fully aware we will still have obstacles to overcome in order to resolve the share transfer issues, I believe it is important to announce a quick deadline so we can ascertain the level of serious interest and tease out any other interested parties that are out there,” Birch said on the club’s official website.
“The support the club has received has been overwhelming: the generosity of the fans over the last week in buying season tickets, the support of those players taking pay cuts, the staff at the club who have not been paid last month’s wages, and Wonga, which has brought forward payment of its sponsorship money for the coming season.
“All these gestures have played their part in keeping the club afloat and giving it a lifeline. As administrators we thank them greatly for all their efforts.”
Hearts announced on Thursday that striker John Sutton had been made redundant, while Jamie Macdonald, Jamie Hamill and Ryan Stevenson have agreed to take wage cuts.
Four other players are also in discussions over reducing their wages.