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

Watch Manchester City v Manchester United live only on Sky Sports this Super Sunday. 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

Watch Manchester City v Manchester United live only on Sky Sports this Super Sunday. Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

I

s that Subbuteo's Shaun Wright-Phillips? Crikey, I thought he'd retired. Although I guess 'Only' QPR is like a retirement home.

duckman
The Earl Grey Gossip

C

an we release him in January?

dhirt11
Gerrard: I would leave Anfield

E

xcellent! Not sure if he is any good as a manager (never thought about it) but the 'headbutt in the technical area' and what he said to Pelligrini were just brilliant, it was as if he was trying to recreate the end of the Alan Partridge Xmas special when Alan punched a man in a wheelchair and verbally abused Tony Heirs.

beachend
Football Managers On TV: Alan Pardew

Footer 365

Premier League: Manchester United boss Louis van Gaal not envious of City's star-studded squad

Manchester United boss Louis van Gaal insists he has no reason to be jealous of City's squad ahead of Sunday's derby.

Premier League: Jose Mourinho says his Chelsea team is 'not perfect'

Jose Mourinho says he is content with Chelsea's current position across all fronts but insists they can still improve.

Premier League: European players are suffering loss of street football, says Arsenal boss Arsene Wenger

Arsenal manager Arsene Wenger believes societal changes and the loss of street football has affected European players..

Mail Box

A Detailed Defence Of Alex Song And...

...lots more in a mailbox that takes in Manuel Pellegrini's woes, Steven Gerrard's future, Carlo Ancelotti, Alan Pardew and Alan Pardew's daughter. A fine read...

Is Ancelotti A Better Boss Than Mourinho?

That's one shout in the mailbox, although not as controversial as the mail imploring Jose Mourinho to sign Steven Gerrard in January so he can win the title he deserves...

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