Hearts escape SPL sanction

The Scottish Premier League has announced that Hearts will not be subjected to a points deduction after concluding insolvency has not occurred at the club's majority shareholder UBIG.

Last Updated: 20/05/13 at 18:32 Post Comment

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

The Edinburgh club were facing a possible 18-point deduction, and instant relegation, if it been decided that SPL rules were breached by UBIG's declaration of insolvency last week.

UBIG, who owns 79% of shares in Hearts, was last week listed on a Lithuanian government website of insolvent firms after reportedly declaring itself unable to meet its liabilities.

SPL has been consulting with its lawyers over its rules and has decided, following a board meeting, that UBIG's action is not in breach of them.

The SPL issued a statement reading: "The SPL Board met today to consider reports from Lithuania in respect of Ukio Banko Investicine Grupe.

"The Board are not satisfied, on the basis of information currently available to it, that an insolvency event (as defined by SPL Rules) occurred in respect of UBIG during Season 2012-2013."

Hearts could yet face action if the situation develops in Lithuania - but the

points deduction would likely take effect next season.

SPL chairman Ralph Topping added: "We acted on the information that was available to us.

"That's not to say that other information will not come forward in the next few days or weeks ahead but we can only deal with what we have got at the moment and, on that basis, there is no insolvency event under our rules.

"It's good news at the moment. With everything in Scottish football, there is temporary respite."

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

M

ark clattenburg is one of those referees that tends to get stick from both sides cos he likes to let the game flow and is quite lenient, and people only remember the fouls against their own team that go unpunished whilst not noticing the ones they've gotten away with. To pick up 4 yellow cards with clattenburg in charge speaks volumes about your approach to the game mr pellegrini.

cc1
Pellegrini: Ref cost us game

V

astly under-rated goal keeper. Barcelona could have gone out and bought a keeper at any point they liked, but they stuck with him for a reason.

HarryBoulton
Victor Valdes The Perfect Option For Liverpool

A

s things stand he's joined the team at the top of Serie A :)

shea666
Milan: Van Ginkel deal tough

Footer 365

Premier League: Morgan Schneiderlin feels Southampton squad could be stronger this season

Morgan Schneiderlin does not feel the busy summer of transfer business at Southampton has had an adverse effect.

Primera Division: Atletico beat Real in Madrid derby; Barca defeat Athletic Bilbao

Neymar's brace gave Barcelona a win over Athletic Bilbao at the Nou Camp, while Atletico beat Real in the Madrid derby.

Bundesliga: Shinji Kagawa scores in Borussia Dortmund win, Bayern Munich triumph

Bayern Munich returned to winning ways with victory over Stuttgart, while Shinji Kagawa scored for Borussia Dortmund.

Mail Box

A Lousy Day At The Office For Liverpool

We have some excellent thoughts on Arsenal's draw and Liverpool's woeful loss, plus praise for Villa, Diego Costa, Philippe Senderos and the 'final' word on hitting the post...

Was LvG Too Quick To Judge Welbeck?

That's one shout in the mailbox, which typically includes a reference to the great man's cojones. Plus, more on Jack Wilshere and F365's free transfer David Bowers...

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