Hearts fans vote to approve Tony Bloom’s £10m investment proposal

Brighton owner Bloom has taken a 29 per cent stake in Hearts with non-voting shares.

Hearts fans vote to approve Brighton owner Tony Bloom’s £10m investment proposalSNS Group

Hearts fans have voted overwhelmingly in favour of accepting nearly £10m of investment from Brighton and Hove Albion chairman Tony Bloom.

Bloom’s proposed investment was announced earlier this month but requires formal acceptance from supporters group and majority shareholder Foundation of Hearts.

The businessman, who owns Belgian side Union Saint-Gilloise as well as Brighton, and whose data analysis firm Jamestown Analytics has assisted Hearts in player recruitment and identifying managers, intends to invest £9.86m and will take a 29% stake in the club.

Bloom would hold non-voting shares but would be entitled to one seat on the board, though he may not take that seat himself.

A majority of 50% of votes cast by Foundation of Hearts members was needed to wave through the investment but Bloom’s offer was backed much more wholeheartedly by fans.

A statement issued on Monday read: “Foundation members have voted to accept the proposed investment in the club by Tony Bloom.

“A total of 6208 votes were cast, with 6112 voting in favour and 96 voting against. In percentage terms, this resulted in 98.5% voting in favour of the proposal.”

The move will now be formally approved at an extraordinary general meeting of the club’s shareholders.

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