Forgot Password

 

Register

 

Create your Connect ID

This will allow you to login to all DStv websites & applications




or
Login using
x

Email Reset

 




Loading...
Loading Live Scoring...
*All times CAT (GMT+2)

Football | Europe

Andrew Driver © Action Images

Hearts dismiss takeover approach



Scottish Cup holders Hearts said on Tuesday they had staved off the immediate threat of liquidation after reaching an agreement with British tax authorities over the payment of a £450 000 bill.

The Scottish Premier League club were served last week with a winding up order by Her Majesty's Revenue and Customs over the unpaid bill, with the Edinburgh side initially having until this Friday to settle-up.

But a statement on Hearts' website on Tuesday said they had agreed a payment plan which will now see the bill settled by December 3.

The club have also provided HMRC with assurances that future payments would be made in a "timeous manner".

Hearts added the new deal had been made possible by the decision of several first-team players to defer their November salaries to a later date.

Now Hearts can look forward to this weekend's game against St Mirren in the knowledge it will not be their last and eased doubts over the viability of future fixtures at the Jambos' Tynecastle ground against Celtic (November 28) and Aberdeen (December 8).

Last week Hearts urged fans to come to the club's financial aid by buying tickets for forthcoming home games and director Sergejus Fedotovas said Tuesday: "Make no mistake the fans and players have been instrumental in achieving this extension with HMRC.

"The supporters' efforts have been quite phenomenal. However, it is essential that they continue all their work to assist us in meeting financial targets at the club." Hearts recently launched a £1.79million share issue but the prospectus revealed another tax dispute.

HMRC has claimed unpaid tax liabilities in the region of £1.75 million relating to loan agreements for a number of players who joined Hearts from Lithuanian club Kaunas, who were then run by Vladimir Romanov, the Jambos' majority shareholder since 2005.

Earlier Tuesday, Hearts said they had declined an "opportunistic" approach from a consortium led by businessman Alex Macki.

"The proposal has no consideration of cash for the shares of the club, even if the debt is removed completely and demonstrates a staggering misjudgement of the value of the club and a worrying lack of understanding of the situation," said an earlier Hearts statement.

"At best it is opportunistic; an attempt to exploit what is a difficult financial situation at the club. No evidence was provided on how the club would be operated and resourced after any potential purchase."

Tuesday also saw Rangers chief executive Charles Green predict the Scottish Football League will unveil plans for league reconstruction later this week.

Court action by HMRC saw Rangers taken into administration in February, with administrators later announcing the club had failed to pay about £9 million in tax.

And following expulsion from the SPL, Rangers have found themselves on the fourth-tier Third Division this season.

Green, speaking before Hearts' stay of execution, added: "Hearts have got into financial difficulty and there were rumours in the papers that there were another couple of SPL clubs in financial difficulty so it is a time for change.

"Whether the SPL could survive if two clubs go out of business would be really questionable."

Shop

Gerrard: My Autobiography
Steven Gerrard is a hero to millions, not only as the inspirational captain of Liverpool FC, but as a key member of the England team.
R152.00
Rafa: My Story
Revelatory memoir from the greatest sportsman in the world today.
R182.00
FIFA 14
Xbox 360
R549.00
Mitre Ultimatch Soccer Ball - White
A high quality football, offering high performance at both training and during football matches.
R252.00


Comments

More expert analysis and opinion from Sport24
The opinions expressed by Sport24 experts and bloggers are theirs alone, and do not necessarily represent those of SuperSport

Sports Talk



Calvin Emeka Onwuka
The pressure is on at Man United
By the time the summer transfer window closed in Europe, Manchester United had spent heavily. Times...

Arjun Vidyarthi
Reds back in Europe with a win
The Champions League is all about high octane action and last minute goals and that’s exactly what...

John Dykes
Copa BPL is the way to go
Monday night’s game at the KC Stadium provided another reminder that 2014/2015 could well turn out...

Gary Al-Smith
What Appiah's axing says about Africans
Ghana boss Kwesi Appiah knew he would be sacked. He did not expect it to be so messy though.

Claudia Ekai
How the mighty fell
African football history tells many stories of the rise and fall of stars that once had the world...

Emeka Enyadike
Shakes, Big Boss and Cape of Good Hope
When South Africa and Nigeria meet tonight in Cape Town, one word will dominate the thoughts of...