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Scottish Leagues

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Hearts Debt For Equity Plan

Hearts' debt could be reduced by £12m if a 'debt for equity' plan is ratified at an extraordinary general meeting on July 31. The proposal, announced by Vladmir Romanov, the club's majority shareholder, would see UBIG, the Lithuanian bank of which Romanov is also a majority shareholder, purchase over 34 million new ordinary shares at 35p each, effectively increasing their stake in the Tynecastle club from around 82 per cent to approximately 95 per cent.

Dunfermline FC's Problem

Dunfermline no longer own their ground and chairman John Yorkston, while insisting the club is in no danger of moving into administration, has warned the 11 players out-of-contract at the end of this season they'll have to take big pay cuts if they want a deal. Indeed, Dunfermline Building Society, the largest in Scotland, offers two 'soccer saver' accounts: for Celtic and Rangers fans. That just about says it all.