News Alerts
Headlines
Hearts of verge of record debt
Scotland - 25 March, 2008
Adjust font size:
Scottish Hearts lost GBP 8 million for the year ending 31 July 2007, adding to what is expected to be a record debt of GBP 37 million.
As the club has not officially released the figures, there was no explanation forthcoming as to why the debt had risen dramatically.
Some reasons for a slight rise could be attributed to an increase in wages and planning for a new main stand. Interest to creditors could be another.
Goalkeeper Craig Gordon was sold to English Sunderland for GBP 9 million in August, which should alleviate some of the debt during the next fiscal period.
Debt and a tough season have caused some supporters to waiver in their support of owner Vladimir Romanov.
As the club has not officially released the figures, there was no explanation forthcoming as to why the debt had risen dramatically.
Some reasons for a slight rise could be attributed to an increase in wages and planning for a new main stand. Interest to creditors could be another.
Goalkeeper Craig Gordon was sold to English Sunderland for GBP 9 million in August, which should alleviate some of the debt during the next fiscal period.
Debt and a tough season have caused some supporters to waiver in their support of owner Vladimir Romanov.
Source: euFootball.BIZ © Copyright 2006 -
All rights reserved.
© Copyright message
The copying, republication, redistribution or web posting (including by framing or similar means) of this content is expressly prohibited without the prior written consent of euFootball.BIZ
-
Finance
Television
Sponsorship
Marketing
Technology
Competitions
Clubs
Stadia-Facilities
Legal
Administration