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

Football | Europe

Hearts © Action Images

Hearts hit by transfer embargo



Hearts will be banned from buying players during the January window after the Scottish Premier League (SPL) extended a transfer embargo following the club's failure to pay bonuses to their squad.

The club announced earlier that they had raised more than £1 million by selling shares to their fans. But this amount was some way short of the target and they warned supporters the club's financial crisis was far from over.

Hearts also informed the SPL that it had not paid a number of bonuses and appearance payments.

The SPL said in a statement it had therefore decided to extend a so-called remuneration default which means Hearts are unable to sign players until "the SPL Board is satisfied that the remuneration default no longer continues".

Hearts must also attend a disciplinary hearing at a date yet to be fixed. The Edinburgh club, ninth in the 12-club league, said they were consulting with their legal advisers.

The existing 60-day ban, due to run out on December 23, was imposed in October following late salary payments to players.

Lithuanian businessman Vladimir Romanov is the largest shareholders in Hearts who have debts of around £24 million. Earlier this month the club agreed to pay £1.5 million over the next three years to settle a tax dispute.

Hearts also cleared a separate tax bill of £450 000 which lifted the immediate threat of liquidation.

Rangers, who have been champions 54 times, collapsed under their debts this year and were demoted to the fourth tier in Scotland. This week Rangers raised £22 million via a listing on the stock market.



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

Event Streaming

Channel Streaming

Other Live Streaming

Event Streaming

Channel Streaming

Sports Talk



Segun Odegbami
Vincent Enyeama versus the NFF
Who could have imagined that a small innocent comment by the captain of the Nigerian national team...

Dr Errol Sweeney
Are women refs better than men?
This coming weekend (4th and 5th July 2015) will see the final of two major soccer competitions in...

Sunday Oliseh
Cech just what the Dr ordered
Arsenal have been a bit lightweight in the goalkeeping department since the departure of Jens...

Neil Tovey
Why I answered Safa’s call
I am pleased to have agreed to a deal in principle to serve as Safa’s technical director for the...

Carol Radull
Why Harambee Stars won't go far
So, Harambee Stars lost 2-0 to Ethiopia in our Chan qualifier match on Sunday. What’s so surprising...

Clyde Tlou
Time for SA legends to step forward
A lack of ambition is hampering the South African 1996 Africa Cup of Nations legends.