Formed by supporters to save the club from liquidation, the Foundation began a "pledge" system where fans contributed monthly to a central fund.
Businesswoman Ann Budge purchased the club from administration in 2014 via her company, BidCo, with a pre-arranged five-year plan to eventually transfer ownership to the fans once her initial investment was repaid. Heart of Midlothian Football Club | The largest...
The transition to fan ownership was a decade-long process following the club's financial crisis in 2013: Formed by supporters to save the club from
On Heart and Soul Day, Budge signed over her 75.1% shareholding to the Foundation, making the fans the majority owners. Heart of Midlothian: By the fans, for the fans for the fans