Saturday, March 25, 2017

Hearts handed transfer embargo

SoccerNews in Scottish Premier League 1 Aug 2013

1 Views

The Scottish FA have issued Hearts with a transfer embargo after the club entered administration in June.

The Scottish Premiership side filed for administration after compiling debts totalling £28.4million

Club shareholders Ukio Bankas and the club’s parent company UBIG – both of which are controlled by former owner Vladimir Romanov – are owed approximately £24m of the debt.

The Edinburgh club will now not be able to bring in new players aged 21 and over until February 1 2014.

However, the punishment does not apply to those currently registered with the squad, meaning Hearts will be able to offer new deals to already-contracted players.

Administrators BDO have been tasked with saving the financially-stricken club, with a creditors meeting scheduled for August 12.

Hearts will start the new season with a 15-point deduction as a result of entering administration.

ABOUT THE AUTHOR

SoccerNews

Soccernews.com is news blog for soccer with comprehensive coverage of all the major leagues in Europe, as well as MLS in the United States. In addition we offer breaking news for transfers and transfer rumors, ticket sales, betting tips and offers, match previews, and in-depth editorials.

You can follow us on Facebook: Facebook.com/soccernews.com or Twitter: @soccernewsfeed.

SHARE OR COMMENT ON THIS ARTICLE

WE RECOMMEND

Leave a Reply

Be the First to Comment!

Notify of
avatar
 
smilegrinwinkmrgreenneutraltwistedarrowshock???cooleviloopsrazzrollcryeeklolmadsad!?ideahmmbegwhewchucklesillyenvyshutmouth
wpDiscuz
More More
Top