Hearts threatened with liquidation over unpaid tax

Scottish Premier League club Hearts was threatened with

liquidation by British tax authorities on Tuesday after failing to

pay an outstanding tax bill.

A public notice appeared in a Scottish newspaper saying HM

Revenue and Customs has presented a petition warning that the

Edinburgh club could face an order to be shut down unless it

pays.

Hearts, which is owned by Russia-born Lithuanian Vladimir

Romanov, faced similar orders in 2009 and ’10, and was forced to

pay a late tax bill of about 500,000 pounds ($791,000) last

year.

”The club is confident that the relevant matter involving HMRC

will be resolved in the very near future and no action as specified

in the public notice will take place,” Hearts said in a

statement.

Hearts’ financial problems were exposed after the club failed to

pay its players on time for four straight months, from October to

January.

The club, which is fourth in Scotland’s top division, was

threatened with sanctions by the SPL but eventually paid the money

it owed.