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

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

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

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

Related News

Most Commented

Readers' Comments

S

hould have stayed because we carried him for 6.5 years. And then he has a breakthrough season, and was gone soon after. MU fans, you would be as disgusted had C Ronaldo left in 2007 and not 2009.

godof86
Is Van Persie Slipping Sadly Into The Night?

G

ood grief. Someone guessed that the form English player at the moment might be in his national side with some other players? And that's espionage? Now if they discovered that Emile Heskey was going to be in the starting line up.... at right back.... THAT would be espionage. Give it a rest Roy.

RogerRedHat
Hodgson hits out at Kane leak

H

e may get away with if Liverpool can swap the video with one of Skrtel dancing or something, but if they review the one shown on TV he's screwed.

hump3.
Skrtel denies violent conduct

Footer 365

Italy 1-1 England: Andros Townsend equaliser keeps Roy Hodgson's side unbeaten this season

Substitute Andros Townsend rescued England's unbeaten post-World Cup record as his late goal in Turin earned a 1-1 draw.

Jack Wilshere, Mikel Arteta and Mathieu Debuchy step up Arsenal comebacks

Jack Wilshere scored as he stepped up his comeback from injury against a Brentford XI at Arsenal's training ground on Tuesday.

England's Andros Townsend happy to silence critics with equaliser in Italy

Andros Townsend was delighted to repay Roy Hodgson's faith with the equalising goal as England drew in Italy on Tuesday.

Mail Box

Why Do Arsenal Have So Many 'Internet Warriors'?

The Mailbox has an open letter from Liverpool's Raheem Sterling, questions Phil Jones' bulldog spirit and asks: "Why do Arsenal have so many "internet warriors?"

It's All Just A Ruse By The 'Southern Press'...

A varied Tuesday morning Mailbox, with thoughts on the England U21s, a Sterling ruse, Kane realism, Wenger coaching youth and enjoying the charity match...

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