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Hearts Set to Go Under: Edinburgh Side Receive Winding-Up Order, Begs Fans for Financial Assistance

by The Newshound

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Hearts

Tynecastle side on the brink.

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Hearts are warning fans the club might not survive until the end of the month after receiving a winding-up order over a tax bill of almost £450,000.

The Edinburgh club issued a plea for “emergency backing” from supporters to avoid the prospect of administration.

“This isn’t a bluff, this isn’t scaremongering, this is reality,” read a statement from Hearts.

“Without the support of fans there is a real risk that Hearts could possibly play its last game on 17 November.”

SOURCE: BBC Sport

It says something about Scottish football that another top tier club is in very danger of being wound up as Hearts edge closer to ceasing to exist.

Hearts host St Mirren on the date specified and will hope that some form of fundraising at the game could help to provide some scope for survival.

The latest issue is unrelated to a £1.75m tax bill Hearts are currently contesting.

Hearts, have however confirmed that the amount due is £449,692.04, say they are hoping to reach agreement with HMRC over a repayment plan.

If Hearts go into administration they risk receiving a minimum 15-point deduction.

Rangers went to administration over the summer and after relaunching the club the Ibrox side were demoted to the Scottish Third Division.


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