29 October 2012

Hearts ask fans to pay tax bill

The financial crisis at Hearts - who failed to pay their players again last month - has surely reached its penultimate stage before they go bust.  They face a tax bill of £1.75m and have asked their supporters to cough up through buying £100 or more of their worthless shares.

Despite claims of cost cutting director Sergejus Fedotovas - one of the Russian/Lithuanians running the club under the ownership of Vladimir Romanov - admitted they were still spending much more than their income.  He told the BBC "The cost of the squad that won silverware last season is £8m and our income is just short of £7m".  And this excludes non-wage running costs which were running at a further £8m in their last set of accounts - now nearly two years out of date.

It is becoming increasingly clear that the behaviour of the owners of Hearts has been to deliberately cheat - by spending money they didn't have and had no realistic way of earning - so cheating the taxman and the rest of Scottish football.  Exactly like Glasgow Rangers.  Given the SFA are looking at stripping the now defunct Rangers of some of their titles won while cheating - will they do the same for the two Scottish cups Hearts won under the now ill fated Romanove regime?

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