Monday 20 May 2013

Massone revives Hearts

         
  The league season closed at the weekend, with Hearts finishing in 10th place after a 1-1 draw at Aberdeen.UBIG and its sister company, Ukio Bankas, to whom Hearts owe £15m and which has collapsed with debts of £380m, owns 79% of Hearts' shares. But surely today the SPL board can't relegate Hearts. We've already had one of the biggest teams in the world [Rangers] relegated to the lowest division and now we're going to potentially relegate one of the biggest teams in Scotland as well.But, if the SPL board decides there has been a rule breach regarding an insolvency event prior to the season's end, any subsequent action will apply to this campaign.Former Tynecastle assistant manager Billy Brown lays the blame for Hearts' predicament squarely at the door of Vladimir Romanov, who controlled Lithuania-based UBIG and has owned Hearts since 2005. The way the owner of the club was spending money and paying money to players, that really wasn't sustainable.That could mean that Hearts are deducted a third of the 52 points they earned in season 2011/12.

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