Brighton and Hove Albion owner Tony Bloom has completed the £9.86m purchase of a 29% stake in Hearts.
The Scottish Premiership club’s majority shareholder group had last month voted in favour of Bloom’s offer.
Consultant James Franks, who has worked as part of the businessman’s other football ventures at Belgium’s Royale Union Saint-Gilloise and Australia’s Melbourne Victory, will represent Bloom on Hearts’ board as a non-executive director.
Chief executive Andrew McKinlay says news of Bloom’s investment has “captured the imaginations of our supporters”.
“I am absolutely thrilled to be investing in Hearts,” said Bloom.
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