Gary Mackay is expecting a crucial day in the history of Heart of Midlothian this Friday.
The Edinburgh club will meet creditors to discuss whether or not they will be granted a Company Voluntary Arrangement (CVA) or enter liquidation relating to the ownership of Vladimir Romanov.
The Russian-Lithuanian businessman caused the Jambos to accumulate a debt of £28.5million and the fate of the Tynecastle outfit now lies with Ukio Bankas and UBIG who hold a combined 79.9 per cent shareholding.
Former star midfielder Mackay, who is the games record holder at Hearts, is bracing himself for what could be an enormous moment in the clubs 139-year history.
"It's a huge week in the history of the football club," Mackay said.
"It's about putting the mismanagement of this football club to bed and allowing the people that really care for the club, the supporters, to take it forward in a better manner.
"We can look at the relative success on the football pitch but there has been a price to pay for that and hopefully that price will be negated at the end of this week and Heart of Midlothian can regain a bit of pride and can become a dignified football establishment in Scotland.
"It's a massive, massive time."
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