Hearts have escaped the threat of immediate closure by paying the final instalment of the £450,000 tax bill that prompted Her Majesty's Revenue and Customs to seek a winding-up petition last month.
Hearts have escaped the threat of immediate closure by paying the final instalment of the £450,000 tax bill that prompted Her Majesty's Revenue and Customs to seek a winding-up petition last month.
The receipt of part of the transfer fee for David Templeton eased the burden
Custom byline text:
Richard Wilson
The tax man had agreed to let the club pay the amount over two payments, and the club confirmed that the balance was met before yesterday's deadline.
So far, a share issue has generated £700,000 from a target of £1.75m as the club attempt to raise funds. Hearts also face another potential tax bill of £1.75m, but their appeal is due to be heard by the First Tier Tribunal. The threat of closure has been lifted, though, through a combination of players and staff deferring last month's wages and Rangers paying an instalment of the transfer fee due for David Templeton.
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
