Tony Bloom Expands Football Empire with Significant Investment in Hearts
Source: news.source.channelnewsasia
Tony Bloom, the owner of Brighton & Hove Albion, has invested £9.86 million to acquire a 29% stake in the Scottish Premiership club Heart of Midlothian. The investment is in non-voting shares, and Bloom has appointed James Franks, a business consultant with extensive football governance experience, to join Hearts' board as a non-executive director. Bloom expresses his belief in Hearts' potential to challenge the established order in Scottish football.
Key Points
Tony Bloom has invested £9.86 million for a 29% stake in Heart of Midlothian.
The stake is in non-voting shares.
James Franks, a long-time business consultant, has been nominated by Bloom to join Hearts' board as a non-executive director.
Bloom believes Hearts can disrupt the established pattern of domination in Scottish football.
Bloom also has investments in Belgian club Royale Union Saint-Gilloise and Australian club Melbourne Victory.
