Fans warned Hearts could still go under

Heart of Midlothian director Sergejus Fedotovas has appealed to supporters to help save the club before a potential disaster.

The Edinburgh outfit have raised enough funds to see off a tax bill with Her Majesty’s Revenue and Customs but need a lot more than the £800,000 they have brought in through a share issue scheme for the fans.

Hearts need around £1.8million to stay alive and Fedotovas has urged supporters to dig deep and purchase shares before the December 19 deadline.

“We do not have a home game between the January 3 and January 30,” he said.

“If we are not able to bridge the target for share sales, the club will be in the same difficult position as we were in November — but this time with no option for shares.

“I appreciate a lot of people may still be reluctant to pledge their monetary support to help the club in our hour of need.

“If that is the case, I would urge every fan to ask: ‘Have I done all I can to help the club that means so much to me and the people close to me?’.

“If they are brave enough to answer ‘No’, then there is still time for them to act.

“But if they choose to wait, it may be a bad decision and there may be no return.

“To restore any loss will be much more expensive than to take this small step forward and give the club a helping hand, even with a very minimum investment.

“Make no mistake, we are entering another critical phase in the club’s history and it is imperative we all stand shoulder to shoulder as we face the battles ahead.

“We are looking at a £1m deficit and only when that is reduced significantly will be able to move forward into 2013 with a degree of confidence.”

 
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