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Hearts' Hampden hearing delay

Hearts must wait to discover if they will be handed a financial penalty for going into administration after a meeting at Hampden Park, scheduled for Thursday, was postponed until August 1.

Last Updated: 18/07/13 at 22:40 Post Comment   

Hearts: Hampden Park hearing delayed

Hearts: Hampden Park hearing delayed

Club officials had been due to travel to Glasgow after they were issued with a notice of complaint by the Scottish Football Association after deciding to call in administrators BDO.

However, one of the compliance officers involved in the case is unavailable and the meeting has been put back two weeks as a result.

The Edinburgh side, who are £25m in debt and will begin the new season with a 15-point penalty, will find out whether they have breached disciplinary rule 14, which relates to insolvency.

They now face a maximum fine of £1m or suspension or termination of membership from the governing body.

Hearts owe £15m to Lithuanian bank Ukio Bankas, who own 29.9 per cent of the club and hold a floating charge over Tynecastle as security on money owed to them.

A further £10m is owed to UBIG, another firm that, like Ukio Bankas, was once controlled by ex-Hearts owner Vladimir Romanov and who hold a 50 per cent stake in the club.

Both institutions are insolvent, although UBIG has not yet had an administrator appointed.

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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...

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Please Stop Telling Us What To Think

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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.

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Wenger hails important win

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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

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