Scottish club Hearts headed into administration

Last updated 07:01 18/06/2013

Relevant offers

Football

Tasman United have to be 'nasty in both boxes' as poor finishing and soft defending costs them against Eastern Suburbs English Premier League round 14 review: Chelsea clear, Liverpool tears Mark Rudan favoured option for Wellington Phoenix job - Oz media Wellington Phoenix coach Ernie Merrick resigns as team slumps to bottom of the A-League Six contenders to replace Ernie Merrick as Wellington Phoenix boss All White Kip Colvey signs contract extension with San Jose Earthquakes Eastern Suburbs beat Tasman United to go top of the premiership table Ernie Merrick still adamant Wellington Phoenix cellar dwellers can make A-League playoffs Manchester United concedes late penalty to draw 1-1 at Everton Liverpool concede three late goals to hand Bournemouth first-time victory

Scottish club Hearts is set to go into administration after falling into financial trouble.

Hearts says in a brief statement that a "notice of intention to appoint an administrator" was served at a court in Edinburgh on Monday.

The club, which has debts of 25 million pounds ($39 million) and has been threatened with legal action over an unpaid tax bill, announced last week that it was "experiencing a shortfall in funding" and will listen to offers for the team's best players.

Hearts was also placed under a transfer embargo.

The team finished 10th in the 12-team Scottish Premier League last season, was put under a transfer embargo in 2012 after failing to pay a tax bill.

Ad Feedback

- AP

Special offers
Opinion poll

Will Burnley retain their EPL status?

Yes, they've found a winning formula

Maybe, but there’s a long way to go

No. They lack quality in certain areas

Vote Result

Featured Promotions

Sponsored Content