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.