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

A

nd yet... Jermain Defoe is still going to pronounce himself gobsmacked when he learns he hasn't made the England squad for the Euro qualifiers.

treeman1
Premier League Winners And Losers

W

e could release Diaby and then re-sign him when nobody else does and he would literally be like a new signing.

john matrix
The Machine Gossip

W

e pay the living wage, living wage, living wage, and that's the way we like it, we like it, we like it!!! Wooo ohhhh ooooohh

hump3.
All Premier League Clubs Should Be Paying Living Wage

Footer 365

Hodgson aims to stay on - Report

Roy Hodgson wants to continue as England manager until after the 2018 World Cup finals in Russia, according to reports.

Louis van Gaal denies bust-up with Man Utd assistant Ryan Giggs

Manchester United boss Louis van Gaal has hit out after he was asked about his relationship with Ryan Giggs.

Liverpool midfielder Adam Lallana believes captaincy is bringing the best out of team-mate Jordan Henderson

Liverpool midfielder Adam Lallana believes captaincy is bringing the best out of team-mate Jordan Henderson.

Mail Box

Have To Trust Managers On Mata

It's all very well bemoaning the lack of action for Juan Mata, but we have to trust the judgement of Van Gaal and Mourinho. Plus Martinez Out, and Leicester are doomed...

Should Gerrard Get In This Liverpool Side?

Never mind the long goodbye, should he actually get back into this excellent Liverpool side playing with pace? Mostly we talk Manchester United, though. It's good...

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