Hearts put squad up for sale

Hearts will listen to offers for all their players as the troubled club attempts to ease its serious financial problems.

Last Updated: 13/06/13 at 15:24 Post Comment

Hearts have been hit with serious financial problems

Hearts have been hit with serious financial problems

A statement from the board has confirmed the Edinburgh team's desperate plight and Hearts are willing to sell a string of their top performers in a bid to cover a shortfall in funding.

A winding-up order is hanging over Hearts due to an unpaid £100,000 tax bill and the club fears that players and staff could soon be without wages if this financial uncertainty continues.

Hearts had to settle for a disappointing 10th place finish in the Scottish Premier League last season and the team is facing another tough campaign if they lose the likes of John Sutton and Ryan Stevenson.

The statement read: "Due to recent unexpected circumstances away from Tynecastle, the club is now experiencing a shortfall in funding. This shortfall, due to recent uncertainty, has created a significant noticeable blockage in projected revenue streams for the club.

"While this hesitation is understandable it is unwittingly damaging the club's current efforts to improve its financial situation including current payments to HMRC and raising doubts over future payments to players and staff.

"It is now crucial to the football club that we find a solution to bring in enough finance to allow us to trade into the new season when normal trading can resume with the benefit of SPL and game-related income streams.

"The payments to HMRC and players/staff salaries are the most important issues in our focus these days where very limited time remains available to the club.

"However given that the revenues for season tickets has dried up and no other realistic income is available quickly enough, the club will consider offers for the players of the current squad, including the most promising talent in order for the most necessary and important payments to be made.

"The board had planned to bring income in through the sale of players while considering the financial forecast for next season but now this will need to happen much earlier in order to preserve the business.

"We understand that this will lead to significant on-field pressure but at all times we must consider the health of the club and preserve it for future generations."

Related News

Most Commented

Readers' Comments

S

hould have stayed because we carried him for 6.5 years. And then he has a breakthrough season, and was gone soon after. MU fans, you would be as disgusted had C Ronaldo left in 2007 and not 2009.

godof86
Is Van Persie Slipping Sadly Into The Night?

G

ood grief. Someone guessed that the form English player at the moment might be in his national side with some other players? And that's espionage? Now if they discovered that Emile Heskey was going to be in the starting line up.... at right back.... THAT would be espionage. Give it a rest Roy.

RogerRedHat
Hodgson hits out at Kane leak

H

e may get away with if Liverpool can swap the video with one of Skrtel dancing or something, but if they review the one shown on TV he's screwed.

hump3.
Skrtel denies violent conduct

Footer 365

Tottenham striker Harry Kane to make first England start in Italy

Harry Kane will make his first start for England in Tuesday night's friendly in Italy, Roy Hodgson has confirmed.

Southampton striker Graziano Pelle starts for Italy against England in Turin

Southampton striker Graziano Pelle has been handed a start for Italy in their friendly against England in Turin.

No Team GB football teams for 2016 Brazil Olympics

The FA has formally withdrawn its proposal to enter a Team GB Men’s and Women’s side at the 2016 Olympics.

Mail Box

Can Wenger Coach Young Players Anymore?

One Mailboxer wonders whether Wenger has still got ability to bring through young talent. Plus £50m for Sterling, stop being matey with footballers and Blackpool...

Forget About Flair And Play Like Greece

'Forget about flair and play like Greece' is one outsider's advice to the England national side, while an Arsenal fan wants to sell Theo Walcott to get Marco Reus.

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