8 Nov 2012

Hearts face financial problems

11:31 am on 8 November 2012

The Scottish Premier League football side Hearts has warned their fans the club could be entering its "final days" after confirming they had been served with a winding-up order regarding a tax bill of nearly a million dollars.

Her Majesty's Revenue and Customs submitted the petition in the Court of Session in Edinburgh today.

In an initial response, Scottish Cup holders Hearts say they were attempting to negotiate a payment plan with the tax authority and stressed the matter was unrelated to a 3 million dollar bill which the Edinburgh club are challenging at a tax tribunal.

Last season court action by HMRC forced Rangers into administration, starting a process that led to the Glasgow giants, Scotland's most successful club, being ejected from the SPL and demoted into the fourth-tier Third Division.