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

Football | Europe

Vladimir Romanov © Action Images

Hearts avoid punishment over financial crisis

Hearts have avoided relegation after Scottish Premier League chiefs decided the financial problems of the Edinburgh club's majority shareholder had not breached its rules before the end of the season.

UBIG, which owns about four-fifths of shares in Hearts, were declared insolvent on a Lithuanian government website on Thursday, prompting fears Hearts could be hit with an 18-point penalty which would immediately send them into the Scottish second tier.

SPL rules can lead to points deductions if an owner suffers an insolvency event.

Hearts reportedly owe £10 million to UBIG, which was controlled by the club's owner Vladimir Romanov until he resigned from the board after the company's assets were frozen.

But following talks at Hampden Park on Monday, a league statement read: "The SPL board met today to consider reports from Lithuania in respect of Ukio Banko Investicine Grupe (UBIG).

"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."


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.
Rafa: My Story
Revelatory memoir from the greatest sportsman in the world today.
Mitre Monde Soccer Ball - White
Voted as one of the UK's favourite match balls


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
Barcelona on my mind
I guess every reader of this column knows by now that I am a fan of Barcelona.

Calvin Emeka Onwuka
Jose's feeling the heat
Many of my regular readers here will know I am neither a Jose Mourinho apologist nor a cult...

Dr Errol Sweeney
Mourinho’s criticism – was it justified?
Again, this past weekend, we saw refereeing decisions questioned and debated by all and sundry.

John Dykes
Make the call, ref!
Here’s an excerpt from an alternative, purely fictitious match report from Saturday’s Barclays...

Carol Radull
Arsenal, it's good to be third
I love making Manchester United supporters angry. And nowadays it’s so easy to do that.

Neil Tovey
Who scored in the transfer window?
The January transfer window is challenging as you are either getting players who are short of game...