Hearts agree to pay back $2.4M to tax authorities

Hearts has agreed to pay back 1.5 million pounds ($2.4 million)

to tax authorities over a three-year period, securing the future of

the Scottish Premier League club.

Club director Sergejus Fedotovas says ”we are satisfied that

this resolution provides the club with an opportunity to now move

forward with certainty.”

The deal comes one day after Hearts reached a separate agreement

to repay a 450,000 pound ($725,000) tax bill.

Last month, the Edinburgh club announced that it could be forced

out of business because of financial problems stemming from the

loan of players to Hearts from Kaunas FC, owned by Hearts majority

shareholder Vladimir Romanov.