Last Game

Hearts 2 - 2 Rangers

Saturday, 02 May 2015, 12:15

Scots Champ

Hearts ask for financial help

Hearts director Sergejus Fedotovas has again pleaded for financial support to keep the SPL club afloat and called for supporters to continue to flock to Tynecastle to help meet the financial shortfall.

Last Updated: 30/11/12 at 08:57 Post Comment

Hearts: Have numerous financial concerns

Hearts: Have numerous financial concerns

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Hearts face a projected £2million deficit between now and the end of the season and have numerous financial concerns, including the imminent deadline over a £450,000 winding-up order.

The William Hill Scottish Cup holders play Hibernian at Easter Road on Sunday and on December 8 against Aberdeen at home - an occasion which can help to finance the club, according to Fedotovas.

He said on the club's official website: "For the remaining 10 home league fixtures this season, if we were to achieve attendances of over 16,000 at Tynecastle then this would inject a much-needed £800,000 into the club and ensure our survival through until the end of the season.

"If we achieve a good run of sales in both the share issue and tickets in December it gives us a hope of improving our squad in January.

"It is in our power to do this and we hope that fans will continue to rally to the cause."

Fedotovas praised the response of supporters to a £1.79m share issue scheme launched in late October which the club say has thus far raised almost £700,000.

The director, right-hand man to majority shareholder Vladimir Romanov, set £1m as an achievable target before the fundraising scheme ends - £100,000 per week would be required - and asked for the backing of the Edinburgh business community.

The share scheme is set to run for three more weeks.

"If we were to break through the £1million level for share sales it would be a significant step towards stabilising the club," Fedotovas added. "We can only do this with everyone's help and that particularly includes the Edinburgh business community."

He continued: "We would like to think they will now step forward and back us as one of the city's greatest sporting institutions in order that we can continue contributing to the city both on and off the football field.

"Achieving the £1m mark will not in itself provide us with guaranteed security through until the end of the season as we will still have a financial shortfall, but it will assist us greatly in keeping the club going in the forthcoming weeks.

"Following the end of the share issue on December 19 we will be reviewing all possible options in order to address the remaining gap if the share issue is not fully subscribed. The most important task for us is to ensure we keep the club alive until next summer."

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

M

aybe Hull charged the Liverpool fans more because their massive sense of entitlement takes up more room? Badum tish.

sailingmagpie
Everton team subsidise awayday

T

he John Carver Experiment sounds like the worst jazz fusion band of all time. Which is saying something.

sailingmagpie
The John Carver Experiment: The Next Episode

T

ime to play Liverpool players in their natural positions? I agree, but surely the subs' bench isn't big enough for all of them?

balls-to-monty
The John Carver Experiment: The Next Episode

Footer 365

Manchester United 0-1 West Brom: Robin van Persie penalty saved as Baggies shock United

Chris Brunt's deflected free kick gave West Brom a 1-0 win at Manchester United as Robin van Persie saw a penalty saved.

QPR defender Rio Ferdinand loses wife to cancer

Rio Ferdinand’s wife Rebecca has died following a short battle with cancer.

Arsene Wenger claims Jose Mourinho disrespected Arsenal with title taunt

Arsene Wenger feels Jose Mourinho was disrespectful for taunting Arsenal about their 10-year wait for the title.

Mail Box

Shouldn't We Give Players Time?

Do we really want to throw out the baby with the bathwater every single summer? We also have a Man United fan who wants massive investment. And more...

Liverpool: No Greater Than Aston Villa

It's fair to say that Raúl H. Garcia from the morning mailbox has got something of a kicking on Thursday afternoon. Oh and the Neviller is wrong for once...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company