Hearts pay off tax bill

Hearts have confirmed they have paid the tax bill which threatened to close them down.

Last Updated: 03/12/12 at 19:37 Post Comment

Hearts: Tax bill paid

Hearts: Tax bill paid

The club were last month hit with a winding-up order over a £450,000 bill but agreed a deal to pay off Her Majesty's Revenue and Customs in two instalments before close of business on Monday.

The demand was settled after supporters rallied round following a plea for "emergency backing".

Hearts have so far raised more than £600,000 from a share issue and were close to selling out Tynecastle for home games against St Mirren and Celtic after warning they might cease to exist by the end of November.

The imminent threat has been put off but but there is still a shortfall in revenue for the season that totals £2million while a separate £1.75million tax bill, which the club are challenging in a tribunal, also hangs over Tynecastle.

That bill centres on a demand for tax for a number players who joined the Clydesdale Bank Premier League club on loan from Kaunas, who were also owned by Hearts majority shareholder Vladimir Romanov.


Click here for completely free £10 bet with Sky Bet & £5 free every week


Related News

Most Commented

Readers' Comments

I

think Finnegans Wake would have been a better reference point than Ulysses. Far more rambling and incomprehensible.

debra2927
Football People On TV: Garth Crooks

I

f I recall correctly, Degsy predicted a 100/1 shot correctly the week after his 150/1 Blackpool 4 - 3 Bolton call. I stuck a fiver on it as an idle bet. Paid for a stag do in Munich. Heady days...

baldini
Backing Hull To Beat United 2-1...

R

odgers prefers Joe Allen to Lucas? If this is true then I'm setting aside a fortnight to finally learn the rules of American Football and I'll give up on real football.

godzilla
The Jammy Gossip

Footer 365

Jose Mourinho eyes Premier League title defence with new additions

Jose Mourinho will freshen up his Chelsea squad with new faces as the club look to defend their Premier League title next season.

Hull suffer Premier League relegation as Newcastle beat West Ham

Hull City suffered relegation on a goal-laden final day in the Premier League after Newcastle secured a 2-0 victory over West Ham.

Hull 0-0 Manchester United: Steve Bruce's men suffer final-day relegation

Hull City were relegated from the Premier League after they drew 0-0 with Manchester United, who had Marouane Fellaini sent off.

Mail Box

Only One Real Manager Of The Year

Winning the Premier League with the best squad in the Premier League is only par; Ronald Koeman did a whole lot better. Plus, the last word on Raheem and...

Don't Slate Sterling For Ambition...

Raheem Sterling deserves credit for his desire to quit Liverpool, according to one mailboxer. Also: why football should not be compared to business and Degsy's latest spot of bother...

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