Hearts fans song - Walking away the Rangers way

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Just a wee reminder about your shyte wee club!

 

 

Hearts list of creditors in full

 

HEARTS administrators BDO have revealed that the club owe £28.5 million after sending a *detailed report of the club’s debts to all 200 creditors. As well as the £15.5m and £8.2m due to Ukio Bankas and UBIG – Russian businessman Romanov’s collapsed companies in Lithuania – other significant creditors are also listed.

 

This includes £1.9m due to Her Majesty’s Revenue and Customs. This debt is due from a £1.75m tax case that the club lost last year when they agreed a repayment plan of three separate £500,000 instalments.A total of £1.7m is owed to Milson Capital Corp and Ensco 165 Ltd, companies thought to be controlled by Romanov. *Milson loaned £1.2m last season to pay players’ wages.

 

The report states that Hearts owe a total of £535,000 in football debt, which must be repaid in full by any new owners. Liverpool are due £47,000, while the likes of Rangers, Livingston, Ayr United and Stenhousemuir are waiting on smaller amounts. The club is also in arrears to their training base landlords Heriot Watt University to the tune of £146,000.Creditors are due a total of £28,424,336 but that amount could rise further with BDO expecting more claims.

 

Full list here: http://www.edinburghnews.scotsman.com/sport/football/hearts/hearts-list-of-creditors-in-full-1-3024802