Hearts today announced that it has now settled all outstanding administration debts owed to its former players – the ‘football debt’.
Eighteen months ago Hearts entered administration and only exited this process earlier this year. The process of settling ‘football debt’ can take as long as two years but Hearts, now under the leadership of Ann Budge, has achieved this settlement within six months.
Under the club’s previous owner, Vladimir Romanov, Hearts players endured several delays to payment of wages. When the club went into administration and some players – including John Sutton and Andrew Driver – were made redundant, some payments were deferred. Hearts have now fully paid all salaries due.
PFA Scotland chief executive Fraser Wishart welcomed the news. The former Hearts and Motherwell players said: “We’re delighted to hear our members have received all the outstanding monies owed to them. Hearts have been great to deal with and settled these debts very quickly. Ann Budge and her team have dealt with the matter in a courteous and professional manner which has led to these debts being settled in a short period of time.
Author of The Team for Me - 50 Years of Following Hearts. Runs Mind Generating Success, a successful therapy practice in Edinburgh. Contact me if you want rid of any unwanted habits. Twitter @Mike1874
