Hearts denies selling Tynecastle Stadium

After the Premier club has released a statement to the London Stock Exchange that any extra borrowing was subject to finding a buyer for the stadium, fears had been raised that it would be forced to sell the stadium before the end of the consultation process examining the viability of staying at the ground. The announcement has fuelled speculation that club officials have already secured a deal to sell the stadium. The club and its lenders, Halifax Bank of Scotland, had agreed to review the club’s existing bank facility. However, the bank has agreed to extend the current facility until the end of this month. Club’s chairman George Foulkes, has dismissed the rumors and claimed that the club would not need to utilize the increased borrowing facility before the investigation into the club’s future is finished at the end of the year.

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