Hearts' Hampden hearing delay

Hearts must wait to discover if they will be handed a financial penalty for going into administration after a meeting at Hampden Park, scheduled for Thursday, was postponed until August 1.

Last Updated: 18/07/13 at 22:40 Post Comment

Hearts: Hampden Park hearing delayed

Hearts: Hampden Park hearing delayed

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

Club officials had been due to travel to Glasgow after they were issued with a notice of complaint by the Scottish Football Association after deciding to call in administrators BDO.

However, one of the compliance officers involved in the case is unavailable and the meeting has been put back two weeks as a result.

The Edinburgh side, who are £25m in debt and will begin the new season with a 15-point penalty, will find out whether they have breached disciplinary rule 14, which relates to insolvency.

They now face a maximum fine of £1m or suspension or termination of membership from the governing body.

Hearts owe £15m to Lithuanian bank Ukio Bankas, who own 29.9 per cent of the club and hold a floating charge over Tynecastle as security on money owed to them.

A further £10m is owed to UBIG, another firm that, like Ukio Bankas, was once controlled by ex-Hearts owner Vladimir Romanov and who hold a 50 per cent stake in the club.

Both institutions are insolvent, although UBIG has not yet had an administrator appointed.

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

T

wo police horses in a paddock. Horse 1: What's with the long face? Horse 2: I'm working St James Park this weekend.

hump3.
Pardew - It's mass hysteria

T

wo things. First, I can't stop reading your name as 'Dane Bowers'. Second, you used the words 'philosophy' and 'Redknapp' in the same sentence.

ajsr1982
Can United's Defence Handle Ulloa?

W

riting a minute by minute account on Berbatov would be like chronicling the days of the guy punished for sloth in the movie Se7en. Day 4 - lay in bed, did nothing - 15th minute, stood there did nothing .

lustral
Taking A Close Look At Mario...

Footer 365

Europa League: Everton boss Roberto Martinez delighted with 4-1 win over Wolfsburg

Roberto Martinez was delighted with Everton's display as they brushed aside Wolfsburg to win 4-1 in the Europa League.

Europa League: Tottenham's Mauricio Pochettino hits out at Partizan banner

UEFA investigating anti-Semitic banner displayed by Partizan Belgrade fans during goalless draw with Tottenham.

Europa League: Everton open Group H campaign with 4-1 win over Wolfsburg

Everton opened their Europa League Group H campaign with a convincing 4-1 win over Wolfsburg at Goodison Park.

Mail Box

Why Doesn't Rodgers Play Borini?

One Liverpool supporter thinks this could be Fabio Borini's year, whilst we also have thoughts on the Red Bulls, Welbeck vs Gervinho and Paul Lambert's new deal...

Could Arsenal Benefit From Top Four Exit?

That's one idea in the morning mailbox as the Arsene Wenger debate rumbles on. Plus, comparing Welbeck to Gervinho and some advice for Greg Dyke and the FA...

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