Last Game

Hearts 2 - 2 Rangers

Saturday, 02 May 2015, 12:15

Scots Champ

Hearts escape SPL sanction

The Scottish Premier League has announced that Hearts will not be subjected to a points deduction after concluding insolvency has not occurred at the club's majority shareholder UBIG.

Last Updated: 20/05/13 at 18:32 Post Comment

More of the games that matter

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

The Edinburgh club were facing a possible 18-point deduction, and instant relegation, if it been decided that SPL rules were breached by UBIG's declaration of insolvency last week.

UBIG, who owns 79% of shares in Hearts, was last week listed on a Lithuanian government website of insolvent firms after reportedly declaring itself unable to meet its liabilities.

SPL has been consulting with its lawyers over its rules and has decided, following a board meeting, that UBIG's action is not in breach of them.

The SPL issued a statement reading: "The SPL Board met today to consider reports from Lithuania in respect of Ukio Banko Investicine Grupe.

"The Board are not satisfied, on the basis of information currently available to it, that an insolvency event (as defined by SPL Rules) occurred in respect of UBIG during Season 2012-2013."

Hearts could yet face action if the situation develops in Lithuania - but the

points deduction would likely take effect next season.

SPL chairman Ralph Topping added: "We acted on the information that was available to us.

"That's not to say that other information will not come forward in the next few days or weeks ahead but we can only deal with what we have got at the moment and, on that basis, there is no insolvency event under our rules.

"It's good news at the moment. With everything in Scottish football, there is temporary respite."

More of the games that matter

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

Footer 365

West Brom boss Tony Pulis admits Saido Berahino may leave

Saido Berahino can leave West Brom "if the deal is right", says manager Tony Pulis.

Steve McClaren set to be removed from Derby role on Friday

Steve McClaren is set to leave his post as Derby manager later on Friday, Sky sources understand.

West Ham: No Monday meeting for Sam Allardyce who is off on a family holiday

Sam Allardyce accepts that his future as manager of West Ham will be decided on Monday “one way or other.”

Mail Box

Don't Slate Sterling For Ambition...

Raheem Sterling deserves credit for his desire to quit Liverpool, according to one mailboxer. Also: why football should not be compared to business and Degsy's latest spot of bother...

England Have Four Proper Good Players...

Let's see if you can guess who they are, according to one mailboxer. we also have lots on Raheem Sterling and some views on breaking down defences and...

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