Share issues raises Hearts hopes

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Football News

Troubled Hearts have raised over £500,000 in three weeks through a share-issue scheme, the Edinburgh club have announced.

The initiative was launched in late October to raise £1.79million in exchange for 10% of the club's shares, with the brochure simultaneously revealing a demand for £1.75m in unpaid tax.

That amount is separate to the £450,000 bill for which Hearts this week negotiated an extension with Her Majesty's Revenue and Customs, delaying a winding-up order which led the club to suggest Saturday's Clydesdale Bank Premier League clash with St Mirren could be the final fixture in their 138-year history.

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