Hearts fail to pay six players their September wages

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Hearts director Sergejus Fedotovas is hopeful the club could be loaned money by Vladimir Romanov to stave off the threat of liquidation.

 

However the club still faces a funding shortfall of around £2m to make it through the current season.

 

Fedotovas thanked fans, who are believed to have raised up to £100,000 in the two days since the club was served with a winding up order by Her Majestyâ??s Revenue and Customs.

 

http://sport.stv.tv/football/clubs/hearts/199675-hearts-director-hopeful-vladimir-romanov-could-loan-hearts-tax-bill-cash/

[ian1964 10,444]

A FOOTY finance expert warned Hearts fans not to waste cash on shares in the debt-ridden club — because he believes their favourites are DOOMED.

 

Accountant Neil Patey claims supporters who invest in the Jambos in a bid to help pay a massive tax bill will find their money “gone forever”.

 

He said: “Any fan cash Hearts get will be a short-term measure and will not solve structural issues.

 

“They are delaying the inevitable, and the money would be gone forever.”

 

The club this week appealed for supporters to buy shares after the taxman issued a winding-up order over the £450,000 debt.

 

But Mr Patey added: “This is an investment not for financial return. It is purely giving money to save the club. You should not go in with any prospect of that cash being returned. Liquidation is a real possibility.”

 

Posters on Hearts fan website Jambos Kickback were also sceptical about pouring cash into the club.

 

Jambo—ree wrote: “They are playing on the emotions of fans to dig them out of this mess.” Mighty Thor added: “The time will come when we have no more to give.” Hearts are disputing another tax bill of £1.75million.

 

A club spokesman refused to comment.

 

Read more: http://www.thesun.co.uk/sol/homepage/feeds/smartphone/scotland/4636980/Doomed-Jambos-a-waste-of-fan-cash.html#ixzz2BoAxZtBI

[ian1964 10,444]

Fat Cowans' take on it:

 

 

Hearts could pay off debt if Salmond gave up curries for a week

10 Nov 2012 09:04

 

VLADIMIR ROMANOV can't blame the club's current predicament on referees but the 100,000 Hearts fans who lined Edinburgh after the Scottish Cup win have been urged to fork out a fiver each to save their team.

 

 

 

GOOD to know my Jambo pals have somehow managed to retain a sense of humour.

 

Phoned one of the boys in the Tynecastle media office yesterday and was greeted with the words: "Hello, crisis desk, how may you help us?"

 

But the thought of administration and a 17-point penalty in the SPL is no laughing matter. After all, that would mean it might be Christmas before they catch Dundee.

 

Hearts face a winding-up order from HMRC if they don't cough up £450,000 and I'm afraid Vladimir Romanov (last spotted at the Gorgie branch Cash Converters with the Scottish Cup tucked inside his coat) can't blame this one of the referee.

 

Still, fair play to him. When Romanov saw the tax man approaching, at least he didn't try to wash his hands of the matter by flogging the club for £1 to a complete chancer.

 

I actually think Hearts should go for the liquidation option and start a new life in Division Three.

 

Think about it.

 

You get great coverage of all your games in the papers, loads of matches are broadcast live on the telly…and you're allowed to blame everyone bar yourself for the club's demise.

 

I love the way the usual Rangers uppers and cheerleaders are using this as a perfect excuse for emergency league construction.

 

Please, guys, stop all the Lillian Gish about Hearts fans getting what they voted for.

 

Are you trying to tell us that if Rangers were still in the SPL, the Jambos wouldn't have any financial problems? Aye right.

 

I wish the Hearts fans all the very best and I'll happily help the club in any way possible.

 

Like the Rangers saga, you can't blame the fans for the shortcomings at boardroom level and, again like Rangers, you can bet it's the diehards who will pull their beloved team out of the brown stuff.

 

On that note, you don't need to be an accountant to work out that a measly fiver from the 100,000 Hearts fans who lined the streets of Edinburgh in May would pay off HMRC and keep the club solvent.

 

The Scottish Government is set to assist the Jambos in any way possible, so the bill could also be wiped out if lifelong Hearts fan Alex Salmond gave up curries for a week.

 

Other fundraising ideas?

 

What about a sponsored silence from Romanov? The whole of Scottish football would contribute.

 

Or how about a charity walk around wee John Robertson?

 

They could also organise a sweep. Punters pay £1 a pop and try to guess how many managers Hearts have sacked in the last 10 years.

 

I trust wealthy celebrity Hearts fans will be digging deep?

 

How much will Stephen Hendry, Ronnie Corbett, Ken Stott and Sir Chris Hoy chuck into the kitty?

 

Can't imagine the current Hearts players will want to donate. If they do, they'll pay the money late - just to see how Vlad likes it.

 

But I can think of one former Hearts player and manager who should have no problem giving something back to the club in its hour of need.

 

Yes, I understand Craig Levein has just come into a wee bit of money.

 

By the way, it might sound daft but I bet the Hibs fans will be only too happy to prevent the Jambos from going out of business.

 

Well, do you think they relish the prospect of never getting revenge?

[foggy dewhurst 0]

whats the betting romanov is having secret talks with developers on the sale of tynecastle

[RANGERRAB 3,296]

whats the betting romanov is having secret talks with developers on the sale of tynecastle

 

Property market is dead m8. wouldn't get that much wouldn't think