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."

More of the games that matter

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

Related News

Most Commented

Readers' Comments

F

irst Townsend, now Chiles. What next ITV? Comedy that you can actually watch without vomiting up your own spleen? I'll be sad to see Matt Smith go though. I actually quite like him. Plus, he was good in Doctor Who.

sailingmagpie
Adrian Chiles to leave ITV

H

e's like Jay from Inbetweeners. Could've had him, had him, didn't want him, turned him down.

lee
Wenger criticises work permits

A

wful, awful pundit. He was crap on BBC, and offered a little more analysis than Robbie Savage - apart from the delivery of banality in a sexy accent. Also, as I'm Irish he'll never be more then a slimy, hand-balling f**ker in my eyes.

batdog
Football People On TV: Thierry Henry

Footer 365

Chelsea: Mourinho gives flops silent treatment

Jose Mourinho was so disappointed by Chelsea's defeat to League One Bradford that he dished out the silent treatment.

Sepp Blatter shrugs-off UEFA's challenge to his leadership as 'lacking courage'

Sepp Blatter tells UEFA “they do not have the courage” to sufficiently challenge his leadership at this year's election.

Transfer news: Sam Allardyce unsure whether Darren Fletcher will join West Ham

Manager Sam Allardyce admits he is unsure whether Darren Fletcher will choose to join West Ham or another club.

Mail Box

Appalling, Slow, Pathetic, Embarrassing

It's a bonus Saturday Mailbox, with plenty of reaction to the most alarming 0-0 draw in Manchester United's recent history. At what point do we worry about Louis van Gaal?

Why Do Man United Look So Impotent?

It's all very well talking about formations and United's defensive problems, but shouldn't their expensive attacking options be doing better? And we talk psychology...

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