Hearts ask for financial help

Hearts director Sergejus Fedotovas has again pleaded for financial support to keep the SPL club afloat and called for supporters to continue to flock to Tynecastle to help meet the financial shortfall.

Last Updated: 30/11/12 at 08:57 Post Comment

Hearts: Have numerous financial concerns

Hearts: Have numerous financial concerns

More of the games that matter

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

Hearts face a projected £2million deficit between now and the end of the season and have numerous financial concerns, including the imminent deadline over a £450,000 winding-up order.

The William Hill Scottish Cup holders play Hibernian at Easter Road on Sunday and on December 8 against Aberdeen at home - an occasion which can help to finance the club, according to Fedotovas.

He said on the club's official website: "For the remaining 10 home league fixtures this season, if we were to achieve attendances of over 16,000 at Tynecastle then this would inject a much-needed £800,000 into the club and ensure our survival through until the end of the season.

"If we achieve a good run of sales in both the share issue and tickets in December it gives us a hope of improving our squad in January.

"It is in our power to do this and we hope that fans will continue to rally to the cause."

Fedotovas praised the response of supporters to a £1.79m share issue scheme launched in late October which the club say has thus far raised almost £700,000.

The director, right-hand man to majority shareholder Vladimir Romanov, set £1m as an achievable target before the fundraising scheme ends - £100,000 per week would be required - and asked for the backing of the Edinburgh business community.

The share scheme is set to run for three more weeks.

"If we were to break through the £1million level for share sales it would be a significant step towards stabilising the club," Fedotovas added. "We can only do this with everyone's help and that particularly includes the Edinburgh business community."

He continued: "We would like to think they will now step forward and back us as one of the city's greatest sporting institutions in order that we can continue contributing to the city both on and off the football field.

"Achieving the £1m mark will not in itself provide us with guaranteed security through until the end of the season as we will still have a financial shortfall, but it will assist us greatly in keeping the club going in the forthcoming weeks.

"Following the end of the share issue on December 19 we will be reviewing all possible options in order to address the remaining gap if the share issue is not fully subscribed. The most important task for us is to ensure we keep the club alive until next summer."

More of the games that matter

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

Related News

Most Commented

Readers' Comments

D

on't go to England at your age, you'll either be mugged or not appreciated. Or made to lump the ball long to a bloke who looks like a mascot.

megabrow (cufc)
Beckenbauer warns Schweinsteiger

F

rom the headline I presumed he meant boots, pants, jim-jams, toothbrush and paste, passport, tickets, premier inn long-term package, Scouse-English-Portuguese-German dictionary, 'How to be a 9 and 3/4' by B. Rodgers, few dozen tins of food and Evian because you can never be sure about the local food/water...

KevinBoatang
Firmino has 'everything' for PL - Willian

H

e looked like he was playing with a plastic pound shop ball in the wind against Juve, his passing was so bad.

paddy7s
Sergio Ramos: Exactly What United Need

Footer 365

Palace confirm Cabaye talks

Crystal Palace co-chairman Steve Parish has confirmed the club are in talks to sign Paris Saint-Germain midfielder Yohan Cabaye.

Tottenham 'agree' Alderweireld deal

Tottenham have agreed a deal for Atletico Madrid central defender Toby Alderweireld, according to reports in Italy.

Liverpool linked with Balde Diao swap

Liverpool are in talks with Lazio over a player-plus-cash deal for striker Keita Balde Diao, according to reports in Italy.

Mail Box

Has Everyone Forgotten About Khedira?

Sami Khedira is one of the signings of the summer and yet he's flown completely under the radar. Plus Dommy S's views of women's football get a right old shoeing...

Women's Success Won't Alter Viewing Habits

The Women's World Cup hasn't inspired everyone. Also in the Mailbox: a plastic's guide to Brazil, Nani regrets, tears over Henry, and The Beach Boys...

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