THE Hearts Supporters' Trust today admitted concern over the club's impending financial results, which will be published at the end of the month showing a loss of more than £8million on last year with debt levels peaking at £38m, writes BARRY ANDERSON.

Derek Watson, chairman of the Trust, told the Evening News: "We are always concerned by debt at the club but it's not unexpected. The figures quoted are pretty much what we imagined they would be despite rumours the debt was going to be higher.

"An important aspect is that you still have the Craig Gordon transfer money to factor into this amount. Hopefully it's manageable but it's worrying because the figures are too big."

Hearts have so far received £7m of the agreed £9m from Sunderland for Gordon, with the deficit dependant on appearances and Sunderland's ability to avoid relegation from the English Premier League. Details of the goalkeeper's transfer will not be included in the accounts due as they only cover the period to July 31, 2007. Gordon left Tynecastle just over a week later.

The club's AGM will be scheduled for late April, where shareholders are sure to demand answers as to why the debt has risen so steeply from last year's figure of £28.4 million. Hearts' £10m wage bill is not thought to have reduced and planning for Tynecastle's new main stand is understood to have cost around £1million to date. Other causes of the loss are expected to include interest to creditors.


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