Paid tax bill boosts Hearts

Cash-strapped Scottish Premier League club Hearts have paid up their outstanding tax bill to help improve their hopes of survival.

Last Updated: 03/12/12 at 20:48 Post Comment    Bet with SkyBet  Scottish Premiership. Click here to bet.

Hearts fans will be a little more upbeat on the club's future

Hearts fans will be a little more upbeat on the club's future

A winding-up order had been threatened over a £450,000 bill but the club agreed a deal to pay off Her Majesty's Revenue and Customs in two instalments before the end of Monday.

The demand was settled after supporters pulled together following a plea for "emergency backing".

First-team players had agreed to hold off receiving their November salaries and a group of ex-Hearts players set up a fighting fund.

A Hearts Youth Development Committee statement on the club's website read: "HYDC are very aware and grateful that many supporters, groups and Hearts FC have been raising monies to purchase shares and then donating them to HYDC to look after on their behalf.

"Until the share issue closes on 19 December, we are unable to thank all the people who entrusted us with the responsibility of looking after these shares.

"Suffice to say, that this is a responsibility that we will take very seriously and will always act in a way that is best for the future of Heart of Midlothian Football Club.

"The response from supporters has been tremendous, but HYDC would ask supporters to keep supporting the club in any way they can whether it be by attending matches, buying Hearts merchandise or supporting the share issue."

Hearts have raised over £600,000 from a share issue and were close to selling out Tynecastle for home games against St Mirren and Celtic after warning they might cease to exist by the end of November.

The imminent threat has been put off but but there is still a shortfall in revenue for the season that totals £2m, while a separate £1.75m tax bill, which the club are challenging in a tribunal, also hangs over Tynecastle.

That bill centres on a demand for tax for a number players who joined the club on loan from Kaunas, who were also owned by Hearts majority shareholder Vladimir Romanov.

Bet with SkyBet  Scottish Premiership. Click here to bet.

Related News

Sky Bet

    • Retrieving latest Sky Bet odds

Most Commented

Readers' Comments

H

e was right to leave, but not just because of the money City were coming into. If I remember rightly he had a reasonable amount of chances to shine at City, but he never passed the bloody ball. Loads of aimless dribbles and 40 yard shots and not much else. I would say that if he had learnt to be a bit more of a team player he may have done better at City.

bright and edgy
Sturridge: Right to leave City

O

h! And.... has it gone in!?' Well John, it is quite literally your job to tell me, so stop phrasing it as a question.

ajsr1982
Eye On The Experts: John Motson

M

an who resembles bond villain complains about spies ....brillliant

mrjackson
Palace deny spying accusation

Footer 365

Premier League: Aston Villa chairman Randy Lerner hails Paul Lambert in bullish statement

Aston Villa chairman Randy Lerner has issued a bullish statement in reaction to the suspension of two of his coaches.

Arsenal goalkeeper Wojciech Szczesny says results are all that matter

Arsenal goalkeeper Wojciech Szczesny says the team's stye of play is irrelevant as they try to stay in the top four.

World Cup: Peter Shilton backs England keeper Joe Hart

England legend Peter Shilton believes Manchester City's Joe Hart can become one of the world's top goalkeepers.

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