Scottish Cup holders Hearts have avoided an immediate threat of liquidation after agreeing a deal over an outstanding £450,000 (Dh2.6m) tax debt.
The Edinburgh-based club, currently 10th in the Scottish Premier League faced becoming the second high profile Scots side this year to go out of business over outstanding debts.
But the club, which rejected a takeover bid yesterday, has agreed an extension with tax officers, giving the club another three weeks to pay the outstanding sum.
Senior Hearts players are to defer their salaries for November to keep the struggling club - owned by Lithuanian businessman Vladimir Romanov - afloat.
"An extension with HMRC (Her Majesty's Revenue and Customs) will allow the club further time to pay an outstanding tax bill and lifts the immediate threat facing the club," Hearts said in a statement.
"The agreement also ensures this weekend's game against St Mirren will not be the club's last and eases doubts over future fixtures at Tynecastle including games against Celtic on Nov. 28 and Aberdeen on Dec. 8."
Hearts said they had agreed to full and final settlement of the tax bill by Dec. 3.
"The decision was also made possible after the understanding of a number of senior first-team squad members who offered to defer their November salaries to a later date," the Edinburgh club added.
"Make no mistake the fans and players have been instrumental in achieving this extension with HMRC. The supporters' efforts have been quite phenomenal."
Hearts, who have total debts of £24 million (Dh140m), made an appeal last week for emergency financial help from fans, asking them to back a share issue and buy tickets for matches to help keep the club going.
Supporters are looking to prevent the club from following in the footsteps of Rangers, after the Glasgow side was forced to restart from the lowest tier in Scottish football following outstanding debts - including unpaid tax - of more than £94m
At the weekend Hearts rejected a £500,000 offer from Rangers for early settlement of an £800,000 debt over player transfers.
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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'The Sky is Everywhere'
Director:Josephine Decker
Stars:Grace Kaufman, Pico Alexander, Jacques Colimon
Rating:2/5
Killing of Qassem Suleimani
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
hall of shame
SUNDERLAND 2002-03
No one has ended a Premier League season quite like Sunderland. They lost each of their final 15 games, taking no points after January. They ended up with 19 in total, sacking managers Peter Reid and Howard Wilkinson and losing 3-1 to Charlton when they scored three own goals in eight minutes.
SUNDERLAND 2005-06
Until Derby came along, Sunderland’s total of 15 points was the Premier League’s record low. They made it until May and their final home game before winning at the Stadium of Light while they lost a joint record 29 of their 38 league games.
HUDDERSFIELD 2018-19
Joined Derby as the only team to be relegated in March. No striker scored until January, while only two players got more assists than goalkeeper Jonas Lossl. The mid-season appointment Jan Siewert was to end his time as Huddersfield manager with a 5.3 per cent win rate.
ASTON VILLA 2015-16
Perhaps the most inexplicably bad season, considering they signed Idrissa Gueye and Adama Traore and still only got 17 points. Villa won their first league game, but none of the next 19. They ended an abominable campaign by taking one point from the last 39 available.
FULHAM 2018-19
Terrible in different ways. Fulham’s total of 26 points is not among the lowest ever but they contrived to get relegated after spending over £100 million (Dh457m) in the transfer market. Much of it went on defenders but they only kept two clean sheets in their first 33 games.
LA LIGA: Sporting Gijon, 13 points in 1997-98.
BUNDESLIGA: Tasmania Berlin, 10 points in 1965-66
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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