Hearts have been hit by new sanctions after they failed to pay bonuses and appearance money to players and coaching staff and also failed to tell the Scottish Premier League (SPL) ‘in a timely manner’ about their latest financial shortcomings. They have been handed a further registration embargo by the SPL.
Hearts have been hit by new sanctions after they failed to pay bonuses and appearance money to players and coaching staff and also failed to tell the Scottish Premier League (SPL) ‘in a timely manner’ about their latest financial shortcomings. They have been handed a further registration embargo by the SPL.
The club had already been placed under signing restrictions by the league over the late payment of wages but at a meeting today, further punishment has been handed down.
The existing restriction will be lifted when the SPL is happy that wage payments are up to date and being paid on a timely basis but when that punishment ends a new sanction will take effect.
The SPL announced that although the club will be able to add new signings, specific conditions will be imposed. New signings will only be permitted on a ,one out, one in’ basis, no player over the age of 21 will be permitted to be registered and any incoming player must be on a lower employment cost than the departing player.
The club are not happy with the verdict, arguing that there was never a specific date for the payment of bonuses. They are consulting their lawyers about what further action they might take to challenge the ruling. An appeal is permitted.