HEARTS have debts amounting to £28.5 million, a report by administrators BDO has revealed.
The report which has been produced ahead of a meeting of creditors on August 12 lays bare for the first time the extent of the financial crisis at Tynecastle.
It lists 200 creditors in all from Musselburgh Athletic to Liverpool FC.
The document also reveals how sponsors Wonga have ploughed £103,000 into the club since it entered administration, while there has been almost £900,000 in season ticket sales.
BDO insists its preferred option is to rescue Hearts through a Company Voluntary Arrangement (CVA).