Hearts

Foundation of Hearts agree to delay transfer of ownership from Ann Budge amid financial disruption

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The transfer of Hearts shares from Ann Budge to the Foundation of Hearts has been delayed. The final £100,000 installment of the £2.5million due to Budge after she shelled out to purchase a majority stake in the club back in 2014 was handed over in February.

The initial plan had been for that to happen last year but was put back with funds being diverted towards the cost of the newly built main stand at Tynecastle.But it's now been delayed even further after foundation chair Stuart Wallace updated members following the owner's admission last week that discussions would have to take place regarding the transfer of power."Given the troubled situation, the board of the Foundation of Hearts has taken the decision that this is not the time to

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