HEARTS can expect to receive the next installment of Lee Wallace’s transfer fee due from Rangers later this month after the Scottish Premier League froze money due to the Glasgow club in order to pay debts owed to others.
League officials are withholding £900,000 due to Rangers for finishing second in last season’s SPL after they entered administration in February. That will be used to settle outstanding football-related debts, and Hearts stand to be the main beneficiaries.
Wallace moved to Rangers last summer for a fee of £1.5million, £700,000 of which was paid up front. Another £500,000 is due to Hearts this month, with the remining £300,000 to be paid next year. Celtic and Dundee United are also due sums of £40,000 and £30,000 from Rangers.