Scottish football club Hearts can now relax a bit coz its ban has been lifted by Scottish Premier League. Accordingly, they are now free to sign new players with prescribed restrictions. Notably, Hearts was banned from signing any new player citing their inability to pay salary and bonuses to existing players and admin staff. Moreover, even the timing of payment made was arbitrary; hence SPL, then, decided to restrict their powers to sign any new player until they clear all the outstanding payments. Even though, they can now sign new players but there is a catch whereby they can only sign under-21 players that too with a one-in, one-out policy along with a wage restriction to new signees. At the moment, either Hearts has cleared its outstanding or has entered into a settlement with the concerned players; hence they can add new talents into their squad. More importantly, Hearts current undertakings to pay old dues have been written on promissory notes which would be difficult for them … [Read more...]