ian1964 10,870 Posted June 3, 2012 Share Posted June 3, 2012 HACKED-OFF Hearts could try to scupper Charles Greenâ??s bid to save Rangers. Skint Gers still owe the Jambos £800,000 from the £1.5million transfer of Lee Wallace last August. But under the terms of the CVA issued to creditors this week, Hearts would only get a paltry payment of around £70,000 for the Scotland full-back. And Tynecastle director Sergejus Fedotovas has revealed the Edinburgh club are consulting with lawyers about the best way to recoup the full fee. He said: â??Weâ??re analysing the situation. Weâ??re looking at it with our legal advisors and considering what the options available to us are.â? SunSport understands one of Heartsâ?? options would be to REJECT the CVA proposal issued by administrators Duff & Phelps and chase every penny owed. Owed That would be a big blow to would-be owner Green who needs 75 per cent of creditors to approve the CVA in order for Gers to exit administration on July 12. His consortium is already anxiously awaiting word on whether Ticketus, who are owed £26.7m, and HMRC â?? due £21.5m unpaid PAYE tax and National Insurance â?? will accept their offer. Hearts run the risk of receiving NOTHING should the CVA be rejected and Gers are instead liquidated, which could lead to the formation of a â??newcoâ??. Green, though, was boosted yesterday when midfielder Lee McCulloch confirmed he will be back at Gers next season. The 34-year-old has one year to run on his deal and he said: â??Iâ??ll be back next year. â??The big worry is the players who have got these contracts which can let them leave for silly amounts.â? Read more: http://www.thescottishsun.co.uk/scotsol/homepage/sport/4353042/Jambos-wont-give-up-so-easi-Lee.html#ixzz1wj3cnwmE 0 Quote Link to post Share on other sites More sharing options...
der Berliner 4,145 Posted June 3, 2012 Share Posted June 3, 2012 Is Rangers-man Lee taking a snipe at his fellow professionals who may look for a easy escape route and good money deal ... instigated by their all-caring agents? As for the article itself ... I was under the impression that football debts are paid in full. Must have missed some info inbetween, it seems. Obviously, no matter what, IMHO we should fullfil these deals, perhaps post-CVA. 0 Quote Link to post Share on other sites More sharing options...
rbr 1,278 Posted June 3, 2012 Share Posted June 3, 2012 This is a nothing story as Hearts will get the money owed to them from Rangers TV share , this has already been reported 0 Quote Link to post Share on other sites More sharing options...
TheWeeBlueDevil 0 Posted June 3, 2012 Share Posted June 3, 2012 More negative spin . 0 Quote Link to post Share on other sites More sharing options...
Crimson Dynamo 128 Posted June 3, 2012 Share Posted June 3, 2012 They are not scraping the bottom of the barrell with s**t like this. They are through the bottom of it. God alone knows what they will write about next!!! 0 Quote Link to post Share on other sites More sharing options...
rbr 1,278 Posted June 3, 2012 Share Posted June 3, 2012 Plus and as an aside , they do realise that when your in administration you cant take legal action to recover a debt 0 Quote Link to post Share on other sites More sharing options...
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