Hearts win stay of execution

Hearts will survive beyond Friday after they were given until 3 December to pay the balance of their tax bill.

Last Updated: 13/11/12 at 20:14 Post Comment

Hearts have been given a stay of execution after reaching HMRC deal

Hearts have been given a stay of execution after reaching HMRC deal

More of the games that matter

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

The Scottish Cup holders owe £450,000 in unpaid tax and were initially given until Friday to pay up or face a winding-up order from Her Majesty's Revenue and Customs.

But a new deal with HMRC means Hearts can pay the money in two instalments, the second of which is due in the first week of next month.

A series of supporter-led fund-raising initiatives have been supplemented by the decisions of several high-earning players to defer their wages.

And Hearts director Sergejus Fedotovas said: "We are pleased we have been granted this extension as it acknowledges the strenuous efforts that are going on to ensure this club continues to contribute to employment, society, community and football in Scotland.

"I also want to acknowledge the support received from political and supporter groups. Their direct action is helping the club through a very important period.

"We have a lot of hard work ahead of us in order to fully rectify our financial position but with further backing and ongoing fundraising by supporters we know that we have a very positive opportunity to create a strong club for the future.

"The supporters' efforts have been quite phenomenal. However, it is essential that they continue all their work to assist us in meeting financial targets at the club."

TEAMtalk Facebook Fan Page

The TEAMtalk fan page is a great place to meet like minded people, have football related discussions and make new friends.

Related News

Most Commented

Readers' Comments

B

enteke is an absolute steal for £32.5m, he would get into any team in the world (except Barcelona) at the moment. I've seen many very good strikers in my 30+ years as a Villa fan. This guy is the best without question.

sparkigol
Benteke's £32.5m release clause

A

ll he wants are sharks with frickin lazers on their heads. Is that too much to ask?

mufc phil
Bomb threat on FIFA D-day

W

hy is the dinosaur trying to hold on to this.... Just leave... No one wants you in this position you corrupt loser. Let someone else take over....

arsenal121
Defiant Sepp blames minority

Footer 365

Rio Ferdinand announces his retirement from football

Rio Ferdinand has announced his retirement from professional football.

Angry FIFA president Sepp Blatter hits out at 'hate campaign'

Newly-elected FIFA president Sepp Blatter has launched an attack on the US justice authorities and English media.

Sepp Blatter: I'm still the man to solve FIFA's problems

Sepp Blatter has insisted he is "still the man" to lead FIFA after winning a fifth presidential term.

Mail Box

Players Must Stand Up For Qatar Boycott

Players, not bureaucrats, hold the key to boycotting Qatar. Also in the afternoon mailbox: Wenger is right to rotate, Zlatan can dribble, and it's Barca v Ajax in the budget final...

What Would You Do If You Were Blatter?

Step into Sepp's shoes, is the invitation from one mailboxer. Also: United already have their new number one, Rodgers deserves time, and the best Budget XI so far...

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