Hearts have been handed a fresh transfer embargo with immediate effect after the Tynecastle side informed the SPL that they had failed to pay some of their players on time this month. The ban is indefinite and only once the SPL is convinced that the debt has been met then the embargo would be lifted.
Hearts failure to pay their players is a breach of SPL rule A6.21 and the club will face an SPL disciplinary hearing. The SPL issued a statement this afternoon saying: “The Scottish Premier League has been informed by Heart of Midlothian FC that the Club has failed to pay a number of its players on time today. This is a Remuneration Default in terms of the SPL Rules and the Club is therefore subject to an automatic transfer embargo while that Remuneration Default continues. The actions also indicate a potential breach of SPL rule A6.21 and a disciplinary hearing will be convened in due course.”
Only yesterday, the club announced that their full squad was up for sale and that all revenue streams had dried up.
The transfer embargo means that Hearts cannot bring in any new players to the club but it can sell players, as they will look to stave off liquidation.
Rule A6.21 refers to a “default in player and club official remuneration”
It states: “Except in circumstances where there is a bona fide dispute as to liability for payment by the Club, where the Club is entitled to deduct or otherwise withhold payment of a sum otherwise due or where the Club takes, suffers or is subject to an Insolvency Event, any Club which shall fail to pay any sum due by it to a Player under and in terms of that Player’s Contract of Service and/or any sum due by it under a contract of employment to any Club Official engaged in football management and/or football coaching (a “Remuneration Default”) shall be in breach of these Rules.”