20 Nov 2012

Hearts reject another bid to buy the club

11:37 am on 20 November 2012

Financially-troubled Hearts have rejected a bid by former Livingston owner Angelo Massone to buy the Scottish Premier League club.

The Edinburgh outfit narrowly avoided going into liquidation last week after agreeing a deal with Her Majesty's Revenue and Customs over a million dollar tax debt, and still has total debts of 50 million dollars.

Italian Massone offered to buy to the Scottish Cup holders last week, but the board said the bid was too low.

Massone's control of Livingston ended with the club being placed into administration and dropped to the third division from the first.