Quintin Jardine's blog

I had lunch with some Heart of Midlothian supporting friends the other day.  They were confident that the club would soon emerge from administration by way of a Creditors Voluntary Agreement.

It seems now that their optimism was misplaced. Neither of the two  bids submitted to the administrator came close to meeting the needs of the club’s Lithuanian ownership, which is itself insolvent. As a result liquidation of HMFC and the sale of its assets, namely the ground, is a real possibility. My Hibs fan friends may be chortling into their Fosters at the prospect, but they should realise that Scottish football is in the direst of straits at this moment, and the loss of its, arguably, third biggest club could drag many others under.