Hearts unveil stadium plans which may take debt to £80m (The Scotsman: Sport)
Despite the debt reduction achieved so far, the report warns, "the deterioration in the global economic environment and the related decline in commodity prices have raised concerns about the ability of several HIPCs to reduce their debt burdens to sustainable levels." The World Bank considers a country's debt to be sustainable if the ratio between its total debt and its export earnings is less than 150 per cent, implying that it has enough export revenue to service its debt. Most African countries earn foreign currency through the sale of agricultural commodities, which, over the years, have been fetching lower and lower prices on the international market.
Hearts unveil stadium plans which may take debt to £80m (The Scotsman: Sport)
HEARTS' debt could hit £80 million by the time the club's proposed new main stand is completed, it was revealed yesterday. The redevelopment, which would raise the capacity of Tynecastle to 23,000, is planned to be complete by 2010.
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'Closing Ibrox might bring the fans to their senses' (The Scotsman: Sport)
WALTER Smith last night expressed his fears that it will take the closure of Ibrox by UEFA for some Rangers fans to finally get the message that sectarian songs or chants will no longer be tolerated by the football authorities.
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Hearts unveil stadium plans which may take debt to £80m (The Scotsman: Sport)
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