Bloom set for £10m Hearts stake after vote approval

Tony Bloom is expanding his footballing interests

Tony Bloom is set to take up a 29% stake in Hearts after the club's majority shareholder group voted in favour of the Brighton & Hove Albion owner's £10m investment offer.

The Foundation of Hearts say from a total of 6,208 votes - which represented a 70% turnout - 6,112 voted in favour and 96 voted against. Bloom needed approval of more than 50% for his offer to be accepted.

"Clearly it is a huge majority in favour and this demonstrates - once again - the passion the foundation members have for the club and their determination to see it move forward and reap the benefits of the financial investment," the group said in a statement.

"Tony Bloom's decision to invest in Hearts was very much founded on the many benefits he saw at Tynecastle through the club being in fan ownership, not least its financial security through the level of our pledging."

Bloom will be purchasing non-voting rights shares, which would not impact the 75.1% voting rights held by the Foundation of Hearts but he will be entitled to one place on the board and is expected to appoint a representative rather than take up the position himself.

FoH had said Bloom believes Hearts can "disrupt Scottish football" and that he wants to be a part of a "glorious chapter" in the Edinburgh club's history.

Hearts finished season 2024-25 seventh in the Scottish Premiership and have appointed Derek McInnes as their new manager.

The club has a formal relationship with Bloom's company Jamestown Analytics for recruitment.