Friday Could Be Hearts' Day Of Destiny

28 November 2013 02:33
Fans and players have to be more financially astute these days to see just how their clubs can cope with financial pressures. Hearts fans will be be hoping that Friday will see a new dawn breaking on a brighter future.

Friday is a big day for Hearts. They don't have a game or final training for a game on Saturday. However, this could be a make or break day as their creditors are meeting tomorrow to discuss the proposed Company Voluntary Arrangement (CVA) that could see the club find the start of the path out of their financial difficulties. The fans have rallied round since the administrators were called in buying season tickets; raffle tickets and getting involved in numerous money making ventures to enable the club to survive. Fans group the Foundation of Hearts have put forward a financial package worth £2.5m which will be submitted to creditors including Lithuania-based Ukio Bankas and UBIG, who are owed the vast majority of money and own the bulk of the club's shares between them. Manager Gary Locke believes Friday's meeting is more important than Sunday's Scottish Cup game with Celtic. He said: "It's a massive week for us. I just hope everything goes to plan for us on Friday, while we've got a huge game on Sunday as well. But as far as the long-term future of the club is concerned, Friday's meeting is much more important. We've not been given any indication about how it will go. Last week it was delayed for seven days but everyone connected with the club just hopes we can get it sorted with a positive outcome. Last week after the delay, you could sense a wee bit of frustration in the stands during the Ross County match. We have done everything we possibly can to find a solution and the staff, the players and the fans are all desperate to see the club moving forward again. The only way we will do that is by a CVA."

Source: ScottishFitba