New warning issued by Hearts

Hearts director Sergejus Fedotovas insists the club will suffer further financial problems unless more supporters are willing to buy shares.

Last Updated: 13/12/12 at 14:08 Post Comment

Tynecastle: Hearts facing uncertain financial future

Tynecastle: Hearts facing uncertain financial future

The troubled Tynecastle club launched a share issue last month which has already raised £800,000 but that is due to close on 19 December.

Hearts recently averted a winding-up order after paying Her Majesty's Revenue and Customs a £450,000 bill, while they have also agreed to pay £1.5m over three years to the tax man over another outstanding bill.

Despite the efforts involved so far, Hearts are still facing a £1m deficit in their attempts to secure the club's long-term future.

Fedotovas said: "If we are not able to bridge the target for the share sales, the club will be in the same difficult position as we were in November but this time with no option for shares.

"I appreciate a lot of these people may still be reluctant to pledge their monetary support to help the club in our hour of need.

"If that is the case, I would urge every fan to ask themselves: 'Have I done all I can to help the club that means so much to me and people close to me?' If they are brave enough to answer 'no', then there is still time for them to act.

"But if they choose to wait, it may be a bad decision and there may be no return."

Don't miss any live and exclusive football coverage this festive season. Click here to visit Sky Sports' Festive Calendar

Related News

Most Commented

Readers' Comments

I

m only commenting on this (I don't care about Liverpool) because F365's twitter said I had call Matt Stanger a tw*t (which I don't agree with anyway) but I just wanted to be the first. Am I the first?

tk421
Trial And Error Rather Than Transition

S

unday, Sunday. Will there be a fan of either team, who if they are winning after 80 mins, won't still be nervous? This could be anything from 0-0 to 5-5, and no one would bat an eye.

megabrow (cufc)
A Season Of Continuous False Dawns

T

his year I am getting F365 a whack-a-mole game but with Brendan instead of the mole (Like the one with JD on Scrubs) and every time he pops up he says something. Outstanding Whack!, Character Whack!, Magnificent Whack!, Wonderful Composure Whack, Whack f**king Whack. Hours of fun.

hump3.
Trial And Error Rather Than Transition

Footer 365

Transfer news: Labour MP Iain Wright warns Hartlepool against signing Ched Evans

Labour MP Iain Wright has told Hartlepool to "think again" over their interest in signing convicted rapist Ched Evans.

Premier League: Neil Warnock blasts officials after Crystal Palace's 3-0 defeat at Man City

Neil Warnock said the decision to disallow a Crystal Palace goal in the 3-0 defeat to Manchester City was "disgraceful".

Jose Mourinho rejects idea of retrospective action against divers

Chelsea boss Jose Mourinho says it would be a "disaster" to punish divers retrospectively.

Mail Box

More Players In The Wrong Bloody Shirt

Plus Cristiano Ronaldo, who looks 'heart-breakingly well-suited to a Real Madrid shirt' according to one United fan. Plus, words from the good doctor and plenty more...

Players Plainly Wearing The Wrong Strip...

There are some players who just look plain daft in whatever shirt they're wearing. Like Cesc and Robin. It's a cracking mailbox with a load of different themes...

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