Next Game

Hearts v Dumbarton

Saturday, 14 March 2015, 15:00

Scots Champ

Last Game

Hearts 10 - 0 Cowdenb'th

Saturday, 28 February 2015, 15:00

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.

Related News

Most Commented

Readers' Comments

I

d like to add players who push their team-mates out of the way to celebrate on their own

exhausted
The Ten Most Hated Things In Football

I

f I were Manuel Pellegrini I would keep quiet and hope the Board didn't notice City not winning anything. If he isn't sacked I'd be astonished.

lfcfan80
Pellegrini: I won't be sacked

S

till I suppose it still gives him at least another year in the job. By the time it comes around , he can always make up another excuse. First it was 3 months , then a year .....Next year ? Whats his excuse with Van Persie ?

spud1
Di Maria 'could peak next year'

Footer 365

Wigan stun Norwich, Sharp inspires Leeds

Norwich's bid for a seventh successive Championship win was thwarted by a determined Wigan, while Leeds, Blackburn and Birmingham all won.

Newcastle 0-1 Man United: Evans and Cisse accused of spitting as visitors leave it late...

Manchester United nicked a 1-0 win at Newcastle but Jonny Evans and Papiss Cisse were involved in an unsavoury incident.

Neville 'concerned' over Reds form

Gary Neville has admitted that he is "concerned" that a resurgent Liverpool could qualify for the Champions League ahead of Manchester United.

Mail Box

Look Away Now Please, Sherwood...

Sherwood's cringeworthiness, Matic's Wembley celebrations, why LVG must show balls - it's all here in your Wednesday afternoon Mailbox...

United's No 2 Isn't That Bad Either...

One mailboxer is getting in a flap about the claim Man Utd would struggle without De Dea, while there's some anger directed at Chelsea...

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