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SPL, Hearts and Armageddon


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Hearts' fury as cheeky Rangers try to take advantage of their financial troubles

11 Nov 2012 00:01

 

TYNECASTLE chiefs in rage as Charles Green tries to settle club's debt for stars Templeton nd Wallace with cut-price offer.

Charles Green, Rangers' chief executive, takes in the game Charles Green, Rangers' chief executive, takes in the game

 

FURIOUS Hearts chiefs have kicked out a cheeky bid by Rangers to cash in on their money meltdown.

 

The Ibrox side approached the Jambos with a compromise on the £800,000 theyâ??re still due from the transfers of David Templeton and Lee Wallace.

 

With the toiling Tynecastle club facing a liquidation threat by the end of the week unless they meet a £450,000 HMRC bill, Charles Green stepped in with an offer to dig them out of their hole.

 

The Ibrox chief made a £500,000 take-it-or-leave-it bid for both stars with the cash payable before the D-Day with the taxman.

 

The original deals would have seen £300,000 fall due for Templeton by the end of November with the remaining half million of Wallaceâ??s fee payable in May.

 

However, Hearts have knocked back the offer and are understood to be seething at Green for trying to take advantage of their plight.

 

Rangers boss Ally McCoist last night insisted he knew nothing about the deal but said: â??Anything that helps Hearts would be a great thing. They have been an integral part of Scottish football and we donâ??t want that to change.

 

â??If dialogue has been established and the clubs can come to some sort of agreement then that would be great.â?

 

But Tynecastle sources told MailSport there was no way they could justify asking their support to bail the club out then turn round and agree a deal with Gers which would create a further £300,000 shortfall.

 

 

The club hope to raise up to £1.79million in a share scheme that will close on December 19.

 

However, that has come too late to convince tax collectors to give Hearts more time.

 

And Jambos director Sergejus Fedotovas last night blasted HMRC â?? who are also contesting a separate £1.75m bill with the club â?? for playing hardball.

 

He said: â??HMRC have not accepted an agreement and we are saddened by their approach.

 

â??Weâ??ve had a few occasions in our history where we have not paid on time â?? but we have always paid. There have been situations where we have been facing much higher bills and some people may have thought weâ??d rather go into administration than pay.

 

â??But we worked hard to pay those bills. We see progress here, we see bills dropping down.

 

â??By not being able to find a solution, and by putting the club against the wall, I think people at HMRC either lack understanding or do this on purpose.

 

â??Itâ??s a bit of a crazy situation. Is this someoneâ??s personal position, is it because they are impatient? Is it because they donâ??t want to put up with this?

 

â??Maybe they are thinking: â??Weâ??ll sacrifice a club to achieve something else, to show to other people.â??

 

â??We are really working hard on this. If we were some careless business that just sat and did nothing, which disregarded every situation and decided we didnâ??t want to pay tax, then OK â?? you come and close the business.â?

 

Fedotovas has been owner Vladimir Romanovâ??s man on the ground in Gorgie since 2005.

 

 

He claims Hearts have pumped around £30m of tax revenue into the countryâ??s coffers in that time and canâ??t understand why HMRC arenâ??t prepared to wait for the end of the clubâ??s share scheme.

 

He said: â??Our original plan was to go with the share issue at the end of September but we ended up overdue due to technical reasons.

 

â??But we were in constant contact with HMRC and updated them on our situation.

 

â??We got feedback and they said: â??OK, let us know how youâ??re getting on.â??

 

â??Then suddenly we face this petition two or three days after starting the share issue.

 

â??I am still hopeful we can go back and have a dialogue, that people at HMRC will reassess the situation. But they are not willing to do that at this moment and we need to do everything we can to raise these funds and cover the amount of the petition.â?

 

Meanwhile under-fire owner Romanov has revealed his basketball club Zalgiris Kaunas are in the same dire straits.

 

Speaking in Lithuanian daily Lrytas, he confessed: â??We havenâ??t paid salaries or team bonuses for three months. Iâ??m preparing food parcels so they can eat.â?

 

It looks like Hearts will fall. I doubt if the HMRC will show any sympathy for them.

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