Next Game

Hearts v Ross Co

Saturday, 19 April 2014, 15:00

Scots Prem

Last Game

Partick 2 - 4 Hearts

Saturday, 05 April 2014, 15:00

Scots Prem

Hearts deny financial trouble

Hearts have moved to quash speculation that the SPL club is set to enter administration.

Last Updated: 30/04/13 at 16:19 Post Comment   

Tynecastle officials have denied any serious financial problems

Tynecastle officials have denied any serious financial problems

Reports suggest the club are on the brink of financial meltdown amid rumours of late payment of salaries and unpaid debts to Ukio Bankas Investment Group and Ukio Bankas.

The Tynecastle side are reportedly £25m in debt with £15m of that owed to the Lithuanian bank.

However, a statement on the club's official website read: "The club has been made aware of rumours concerning possible administration.

"The club will continue to do everything within its power to trade normally. It should be noted that Hearts has not required or received additional funding from UBIG or Ukio Bankas in over a year and is servicing its existing debt.

"The club is completely up to date with player salaries and taxes and the club continues to head towards operational self-sustainability.

"This has been made possible by reducing operating costs while continuing to focus on increasing revenues through season ticket sales, match ticket sales, merchandise, hospitality and sponsorship.

"While the general economic and Scottish football marketplace conditions remain challenging, Hearts is focussed on meeting its requirements as a business and a football club.

"The club's health and viability continues to be dependent on successful player identification, development and trading, careful cost control and building revenues.

"With the continued support of the Heart of Midlothian fanbase, the club has an opportunity to continue stabilising and then building for the future."

Football365 Facebook Fan Page

The Football365 fan page is a great place to meet like minded people, have football related discussions and make new friends.

Related News

Sky Bet

    • Retrieving latest Sky Bet odds

Most Commented

Readers' Comments

I

may well get slated by other United fans for this, but out of the three contenders, I'd far prefer Liverpool to win the title. Yes some elements of their fanbase can be a bit OTT, yes they're our biggest rivals and yes it will make our poor season feel even more like the end of an era (Fergie's gone, Liverpool are back on top). However I just have to applaud Brendan Rodgers and the way he's turned Liverpool around in just a couple of seasons. It...

Mike_Christie
Please Stop Telling Us What To Think

H

ooray! We are all excited now, we beat a very mediocre team! With all due respect to WHU supporters, not winning that game shouldn't even be a consideration. This is the problem, there is no winning mentality at the Emirates - we're all congratulating ourselves beating a team that we have a winning record against.

TheWhiz
Wenger hails important win

I

s this meant to be an aspiration for United supporters? Moyes mediocrity strikes again. I see the Bayern boys don't want to sign for him, and his reputation amongst the senior European coaches make other key signings unlikely.

redbornandbred
De Gea's Europa League target

Footer 365

Reus wants United move - Goetze

Mario Reus wants to leave Borussia Dortmund to join Manchester United, according to former teammate Mario Goetze.

Copa del Rey: 'Perfect night' for Gareth Bale as Real Madrid win final

Gareth Bale enjoyed a "perfect night" as his goal earned Real Madrid a 2-1 win over Barcelona in the Copa del Rey final.

Copa del Rey: Real Madrid coach Carlo Ancelotti hails match-winner Gareth Bale

Carlo Ancelotti was full of praise for Gareth Bale after his brilliant solo goal won Real Madrid the Copa del Rey final.

Mail Box

Fatigue No Excuse For Giroud Being Cr*p

We have a long mail on why Giroud isn't very good at all, plus some more thoughts on neutrality. Plus, who do you want out of you club this summer and Liverpool moving buses...

Will Liverpool Cope With Parked Buses?

That's the real problem they're going to face next year, says one Man United fan who's already looking forward to the end of this campaign. Plus, thoughts on neutrality...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property