John McGlynn confirms Hearts face a fight for survival due to continuing financial problems
Hearts boss John McGlynn has confirmed the club face a fight for survival due to continuing financial problems.
Last Updated: 22/02/13 11:43am
The stricken Tynecastle outfit were forced to turn to their supporters late last year by way of a share issue after HMRC issued them with a winding-up order over an unpaid £450,000 tax bill.
And the tax authorities have already warned of further action on another due sum totalling £1.75m.
Meanwhile, fresh concerns have been raised after club owner Vladimir Romanov's Lithuanian bank Ukio Bankas went into administration last week.
Hearts had to let winger Andy Driver to join MLS outfit Houston Dynamo this week in a bid to lessen the pressure on his wage bill.
McGlynn said: "The fans were magnificent through the share issue and we raised a lot of money and I think maybe everyone thought that was okay.
"I think we are still going to get over the finishing line at the end of the season - but we'll probably limp over the finishing line if we're fortunate.
"People have to realise we still have serious issues here that are nothing to do with Ukio Bankas or UBIG. We're just looking to get to the end of the season and no more probably."