HMRC give Hearts chance to stay alive
Heart of Midlothian have been granted a mini-reprieve by the tax man which could essentially keep the club afloat.
The Edinburgh club owe Her Majesty's Revenue & Customs (HMRC) £450,000 in unpaid tax which was originally meant to be paid this Friday.
However, HMRC have had a change of heart allowing the Tynecastle outfit to pay the total in two instalments with the deadline for the final payment to be made on December 3.
Fundamentally the initial date was a winding up order but now Hearts can go about trying to raise their money with director Sergejus Fedotovas delighted with the stay of execution.
"We are pleased we have been granted this extension as it acknowledges the strenuous efforts that are going on to ensure this club continues to contribute to employment, society, community and football in Scotland," he said.
"I also want to acknowledge the support received from political and supporter groups. Their direct action is helping the club through a very important period.
"We have a lot of hard work ahead of us in order to fully rectify our financial position but with further backing and ongoing fundraising by supporters we know that we have a very positive opportunity to create a strong club for the future.
"The supporters' efforts have been quite phenomenal. However, it is essential that they continue all their work to assist us in meeting financial targets at the club."