Hearts given more time by taxman

13 November 2012 07:47

Hearts have been given more time to pay their outstanding tax bill by Her Majesty's Revenue and Customs, lifting the immediate threat placed on them.

The Edinburgh club said in a statement on Tuesday night that they had been granted until December 3 to settle their debts, with their owed amount of £449,692,04 being split over two payments.

The club have also provided HMRC with assurances that future payments would be made in a "timeous manner".

Hearts were last Wednesday served with a winding-up petition and given eight days in which to pay what they owed, putting their future in severe danger.

Source: PA