Saw this coming years ago! overspending year on year and continually paying players etc.. late. Actually surprised it took so long for this to happen if I'm honest.
Its time ALL Scottish clubs learned to pay what they can afford to pay or make more use of their youth system to develope young talent.
My club have been there twice due to owning the club and mismanaging the finances for want of success, it doesnt work!!!!
Its time other clubs learned from these mistakes and sorted themselves out, but I fear Hearts are not the last!
We have a very strong youth policy and most of the first team now come up through the ranks and many have gone onto much bigger things Robert Snodgrass, Graham Dorrans, Lee Griffiths and James McPake for starters . The biggest paid player is now on £325 a week which is more than enough to kick a ball around
We struggle by but with 5 owners now running the club, including a supporters trust rep, we also make use of Supporters Trust members to do jobs that the club previously paid for including operating turnstiles, stadium maintenance etc...so no-one is spending obscene sums of money that cant be afforded.
One area I would like to see more of is reduced gate prices too, we do "specials" but if gate prices were lower I do believe more would come through the turnstiles and spend inside the ground anyway.
Just my tuppence worth