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Hearts share issue deadline passes

:Headline: Hearts share issue deadline passes: ID:60230: from db_amp
The deadline for Hearts supporters to subscribe to their latest share issue expires.

Hearts have yet to announce how much they have raised from their latest share issue after the deadline for fans to subscribe expired.

The cash-strapped Scottish club looks likely to fall short of its £1.79m target, even through supporters were purchasing shares up until the 5pm deadline on Wednesday.

Hearts confirmed one week ago that they have raised more than £800,000, but the club faces a winding up order if they fail to secure the necessary funds, PA reports.

The club warded off liquidation earlier this month by footing a £450,000 tax bill. It also settled a dispute with Her Majesty's Revenue and Customs by agreeing to pay £1.5m over a three-year period.

Players voluntarily deferred their wages last month but have now been paid in full, leaving the club with an estimated deficit of £1m.

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