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    Bet with SkyBet  Scottish Premiership. Click here to bet.

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

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

World Cup 2014

Check out the latest outright odds on next summer's World Cup in Brazil

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."

Bet with SkyBet  Scottish Premiership. Click here to bet.

World Cup 2014

Check out the latest outright odds on next summer's World Cup in Brazil

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

Agent denies Kroos interest

Toni Kroos' agent Volker Struth has denied Manchester United have made an offer for his client, insisting the 24-year-old will stay at Bayern.

Transfer news: Sone Aluko admits to wondering whether he might have to leave Hull City

Sone Aluko admits a spell out of the Hull City side left him wondering whether he might have to move on this summer.

Premier League: Peter Whittingham refusing to give up on Cardiff's survival bid

Peter Whittingham believes there is still all to play for as Cardiff City scrap to secure their Premier League status.

Mail Box

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...

Worried Liverpool Will Become A Selling Club

Liverpool fans in the mailbox are not too worried about sour grapes from United supporters, but one admits he's scared the Reds could end up selling their best players...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property