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Page last updated at 14:10 GMT, Thursday, 30 July 2009 15:10 UK

Hearts face court action over tax

Heart of Midlothian

Hearts are facing court action after HM Revenue and Customs lodged a petition at the Court of Session in Edinburgh over unpaid taxes.

Court officials will not say how much is owed, but say the action is a "last resort". No court date has been set.

Hearts expressed surprise at the move, adding that the club would pay all bills in line with agreed timescales.

If Hearts fail to settle they could be placed in administration, meaning a 10-point league deduction.

Gretna faced a similar fate last year before they eventually went out of business.

And earlier this month West Lothian Council took Livingston to court in an effort to reclaim rent arrears on Almondvale stadium.

The funds are available and sufficient to meet the obligations

Hearts director Sergejus Fedtovas

Hearts director Sergejus Fedotovas said: "Hearts has been informed of the petition that has been raised and that came as a surprise as the club has a payment schedule in place with HMRC and this will be met in full and to the agreed timescales.

"The funds are available and sufficient to meet the obligations. We have made excellent progress recently as a club in cutting our costs and reducing our debt while delivering a winning team on the field."

Derek Watson, chairman of the Hearts Supporters Club, said fans would be unfazed over the latest developments.

He said: "For many years Hearts under different regimes have always paid bills at the last minute and I think most people know that.

"So, it would have to go a bit further before people got worried. They're used to it by now."

Hearts moved to allay fears over the club's finances last season, after twice being late in paying their playing staff.

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see also
Hearts settle outstanding wages
05 Dec 08 |  Hearts
Hearts players wait for bonuses
02 Dec 08 |  Hearts

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