Things in the Scottish Premier League have gone from bad to worse as Hearts is now preparing for administration.
The club confirmed the move on Tuesday, with a club spokesman saying: “We are not in administration yet but we have served our intention to appoint administrators.” It is widely believed that those administrators will come from KPMG, the mega-accountancy firm. Club creditors have been informed and a hearing is expected to take place in the next few days.
Hearts were issued a winding up order last week after Her Majesty’s Revenue and Customs threatened legal action over an unpaid tax bill of £100,000. Although the majority of that sum is belived to be paid off, the club board at Hearts admitted they had entered a “critical” stage in their efforts to pay off debts of £25 million. They also admitted to not being able to afford to pay their players.
These admissions triggered an immediate transfer embargo by the SPL and the entire squad was put up for sale in a desperate move to raise the reported £500,000 needed to get the club to the start of the season. If Hearts do make it that far the club is likely to face a 15 point deduction by the league as SPL rules state that involvency will strip a club of 10 points or a third of their previous season’s tally, whichever is the greater. Hearts finished the 2012-13 campaign in 10th place with 45 points.
The sad news of Hearts only adds to the troubles that have plagued the SPL over the last few years.
Last summer, the league took what was arguably its biggest hit when Glasgow Rangers became insolvent and entered administration, resulting in liquidation when an agreement could not be reached with its creditors. The club’s business, name, history and assets (including the Ibrox Stadium) were purchased by a new company (The Rangers Football Club Ltd aka “newco Rangers”).
This purchase allowed Rangers’ Scottish Football Association membership to be transferred in time to enable the club to relaunch itself in the Scottish Football League’s Third Division for the 2012-13 season. Rangers finished first in the division and next season will be playing in the Second Division.
If such a transformation is to happen at Hearts, a white knight needs to save the club, and quickly.
In a shocking twist, Chelsea could be prepared to bring back a former defender.
The Blues are reportedly lining up a bid for Brazilian central defender David Luiz, who exited the club two years ago to head to Paris Saint-Germain in Ligue 1. According to Daily Mail, Chelsea would pay up to roughly $41 million for the PSG centerback.
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Back in 2014, Chelsea received an astounding $65 million for Luiz from the French champions, but he has quickly grown out of favor with the club.
New manager Antonio Conte is looking to sure up the backline before end of the transfer window, and Luiz appears to be a final effort to do that after missing out on several defenders, including Napoli’s Kalidou Koulibaly.
AS is reporting that Tottenham could be in for Real Madrid midfielder Isco.
While Spurs currently boast one of the youngest and most promising teams in the Premier League, Mauricio Pochettino is reportedly keen on adding another playmaker into the fold as Isco’s future in Madrid is unknown.
Isco would leave on a loan deal, and while Spurs are seen as a contender for the Spaniard, Malaga is said to be interested in the player as well.
Manchester City defender Eliaquim Mangala could be on his way to Porto after joining the English side two years ago.
According to the Guardian, the 25-year-old would likely return to the Portuguese side on loan after disappointing for the Citizens since his arrival in 2014.
With the addition of John Stones this summer, Mangala has fallen further down the pecking order with new manager Pep Guardiola.
Middlesbrough has impressed at times during its return to the Premier League this season, and now the club looks to bolster its backline as the transfer window closes.
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The club announced the loan signing of Arsenal defender Calum Chambers on Tuesday, providing the Boro with a promising young player to contribute in the back.
Chambers, 21, has made 58 appearances in the PL with both the Gunners and Southampton, while also earning three caps for England.
Middlesbrough manager Aitor Karanka revaled his excitement over the signing, while also stating that the player addresses a big need on the backline.
“I’m really pleased,” said Karanka. “It’s a position where we’ve been working towards bringing the right player in. We haven’t been in a hurry because Calum was the player we were waiting for, and he’s going to help us a lot.”
The Gunners have been heavily criticized for not spending enough during the transfer season, however, Arsene Wenger has gotten the man he wanted to help out defensively.
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Arsenal announced the signing of Valencia defender Shkodran Mustafi on Tuesday, after the German centerback had been previously been linked to the club for some time as their top transfer target.
Mustafi will likely figure immediately into the Arsenal defense, which has also added Rob Holding this summer. The 24-year-old made over 64 appearances for Valencia while in La Liga after beginning his academy career in England with Everton.
Hope Solo hasn’t had the best couple of weeks since the U.S. Women’s National Team bailed out of the 2016 Olympics.
On Tuesday, the U.S. keeper announced her decision to take a step back from her club team as well after receiving a six-month ban from U.S. Soccer.
The veteran American shot stopper took to Twitter to make her decision known, leaving her status unknown with the Seattle Reign in the future. Solo remains under contract until the end of the current campaign, however, it is not known as to how her decision to sit out will affect her financially.
Solo wil be eligible to return to the USWNT in February, but it will be up to head coach Jill Ellis to reintroduce the 35-year-old into the fold.