Despite announcing the pre-contract signing of former Liverpool defender Danny Wilson back in May, Hearts have announced that due to going into administration as well as seeing the SPL imposing a transfer embargo on the club, they have cancelled the signing of the 21-year-old.
Hearts manager Gary Locke confirmed that the deal to sign Wilson was off, he said: “Danny Wilson is still a Liverpool player and because we have an embargo we now cannot sign him which is very unfortunate for me.”
Hearts went into administration in midweek with debts of around £25 million and were handed a transfer ban after they failed to pay a number of their players on time once again.
Administrators BDO wielded the axe yesterday as they made 14 administration staff redundant in a move to cut costs quickly to stave off the club going into liquidation.
Wilson moved to Liverpool on a three yea deal back in 2010 for the fee of £2 million, but made just one Premier League appearance for the Anfield side. He spent some time on loan at Blackpool and Bristol City, before signing for Hearts on loan in January.
The Scotland international will now have to look for another club as his Liverpool contract runs out on the 30th June.
Meanwhile, Hearts keeper Jamie MacDonald and midfielder Ryan Stevenson have agreed to take pay cut in a bid to help the club out.