Contract for Gordon Proves Hearts Aim to Be Real Deal Club May Be Gambling On Champions League Spot

The HeraldMarch 30, 2006

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Summary


CRAIG GORDON'S lucrative deal at Hearts is a declaration of intent which underlines the club's determination to qualify for the Champions League and double their income from GBP8m to GBP16m, a leading financial analyst said last night.

David Glen, a partner at Glasgow-based PriceWaterhouseCoopers, said the Hearts goalkeeper's potential GBP18,000a-week earnings indicated the club were adopting a "speculate-to-accumulate" policy and, in effect, taking an expensive gamble on their bid to beat Rangers to second place behind Celtic in the Bank of Scotland Premierleague and secure a Champions League qualifying spot.

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Contract for Gordon Proves Hearts Aim to Be Real Deal Club May Be Gambling On Champions League Spot

Glen also said he believed Vladimir Romanov, the Hearts owner, was bankrolling such deals but insisted the Lithuanian's involvement in Hearts could only be good for Scottish football as they attempted to break the Old Firm duopoly.

Romanov has spent a...

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