THE debt burden at Hearts has risen to #5m, according to the club's

annual report, which shows the Tynecastele side made an operating profit

of #469,000 for the year ended May 31.

Chairman Chris Robinson, however, remains confident the club's

fortunes can be turned around, and said the board was ''considering

various options to restructure the club's debt.''

Presenting his first annual report, Robinson said: ''The year under

review was very much one of transition, with the new board assessing the

state of the company and its management.

''It became apparent very early that there were major weaknesses in

financial management and, with the assistance of our auditors,

significant changes were made, including the appointment of Sally

Robinson to oversee finance and administration.

''As shown in the balance sheet, the club's borrowing is a

considerable burden,'' Robinson said. ''The board are, however,

considering various options to restructure the club's debt and allow a

more flexible approach to achieving the objectives of our business

plan.''

The surplus for the last financial year was due to the selling of

players, with a profit of #875,000 made on transfers.

Meanwhile, Alan Lawrence, the Hearts striker, could be in trouble with

the SFA following referee supervisor Kenny Hope's report on an incident

involving the player during Saturday's premier division match against

Rangers, where Lawrence is alleged to have elbowed Craig Moore.

The incident was missed by match officials, but after Hope's report

was received by the SFA, an official said that after comments from

Hearts and Lawrence, the matter will be placed before the disciplinary

committee.

This is the same procedure followed by the SFA on the now notorious

Duncan Ferguson incident.

They also may face problems over Sean Sweeney's clash with Morten

Weighorst in the McDiarmid Park semi-final in Wednesday.