The financial crisis at Hearts could spare Dundee from relegation- in the week the club sacked manager Barry Smith.
Week by week details of the crisis at Tynecastle are emerging with manager John McGlynn hopeful that they might make it through to the end of the season.
Administration looks a real possibility for the Scottish Cup holders whose tax problems have been compounded by the collapse of UKIO Bankas owner by Vladimir Romanov.
Yesterday the club accepted an upfront fee of £400,000 from Sevco for Lee Wallace rather than pick up £500,000 in July as a final installment.
New SPL rules mean that a club going into administration will be deducted a third of their points tally from the previous season leaving Hearts open to a 17 deduction having picked up 52 points last season.
Hearts are sitting 16 points ahead of Dundee meaning that administration would open up the battle to avoid relegation.
Discussing the latest developments on the club finances Hearts boss McGlynn said: “The financial situation at the club has been a struggle all season and it’s very difficult because you’re having to do the job with less and less players and our injury and suspension situation is not helping.”
Looking at the football side he added: “We’re going through a transitional period which will continue into next season with players going and others coming in until it settles down completely.
“It has really been unbelievably difficult yet we could possibly win back-to-back cups and be in the top six.
“We were fifth last season but because they won the Scottish Cup and it was a day that everyone will remember, people forget that.
“They won that Cup with players I’ve not had the pleasure of working with. Since then we’ve lost David Templeton, Ryan McGowan and now Andy Driver.”
Tomorrow Hearts are at home to Inverness Caley Thistle with Celtic hosting Dundee on Sunday.
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Hearts are now paying the price of years of over-spending, living outwith their means. In the long term it might be a good thing for the club to rely on youths, certainly bring the wage bill down.
Large support and for the overall good of the SPL, I’d rather have Hearts than Dundee in the top tier.
A massive job to be done though, who knows maybe they will see sense and ground share with Hibs after all in both Milan clubs can do it, doesn’t make any sense for much smaller Scottish clubs to stand alone.
What a shame
dirty scumbag plastic huns, karmas a bitch eh
I hope the fertz are forced to sell the shithole that is swinecastle. They’ve been getting away with murder for years, and it’s not acceptable that players and management staff of other teams are exposed to danger by the proximity of the minihuns to them.
Unique atmosphere my arse.
Flats flats glorious flats!
There was a real danger of hearts going bust a few months ago, however that threat has been well and truly staved off now with the hmrc deal. Romanov ceased funding hearts two years ago so his banks insolvency is an irrelevancy but don’t let the facts and reality get in the way of your pathetic fantasies.
Let them go bust……..they,ve underachieved for most of their history, yet near unbelievably, never stop bragging about their utter mediocrity.