Hearts likely to fall short of £1.79m target after share issue deadline expires

Tynecastle: Deadline for fans to buy Hearts shares has expired

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Hearts have yet to indicate how much they have raised from their latest share issue after the deadline for fans to subscribe expired on Wednesday evening.

Shares continued to be bought right up until the 5pm deadline, but the funds raised are expected to fall well short of the club's £1.79m target.

Hearts revealed last week they had raised more than £800,000 and urged fans to sign up or the club could face another financial crisis after averting a winding-up order earlier this month by paying a £450,000 tax bill.

Hearts settled another issue with Her Majesty's Revenue and Customs by agreeing to pay £1.5m over three years.

Players voluntarily deferred their wages last month but they were paid before receiving their full salary for this month on 16 December.

However, Hearts director Sergejus Fedotovas last week continued to warn fans of the dangers ahead by stating they were facing a £1m deficit.

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