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Radio Clyde saying Hearts will be liquidated Monday


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Hearts have received a boost in their fight to avoid liquidation after the creditors of the club's major shareholder UBIG agreed to transfer their 50% shareholding to Hearts' administrators.

Bryan Jackson and Trevor Birch of BDO are in Lithuania meeting with the lawyers representing Ukio Bankas to try and push through a CVA.

Completion of the deal requires the backing of creditors of Ukio Bankas, which would ultimately lead to the club exiting administration and being taken over by the fan-backed Foundation of Hearts.

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