Hearts: John McGlynn still unsure about club's financial future

Hearts manager John McGlynn insists he is in the dark about the club's finances after Ukio Bankas collapsed.

It comes after Andrew Driver was allowed to leave the club to join Major League Soccer side Houston Dynamo.

"The people above are obviously letting Andrew go because financially it's a burden on the football club," said McGlynn.

"Everyone would realise that Andrew is one of the big-hitters with regard to salary."

And McGlynn added: "It probably made a wee bit of sense for the player and possibly the club.

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I don't really know anything about that. It's way, way above the level that I'm working at

John McGlynn Hearts manager

"The football club's still in a position that it's trying to cut back.

"Andrew's contract was up at the end of the season, he had an opportunity to do something that he felt was right for him and both parties came to an amicable agreement.

"It's not easy though because I've known Andrew for a long, long time. He's a great lad and he's been a great servant to Hearts."

Lithuanian bank Ukio Bankas was declared insolvent this week.

The football club is majority owned by Ukio Bankas Investment Group (Ubig) and is separate from Ukio Bankas, which belongs to Hearts owner Vladimir Romanov.

However, Hearts financial future still appears uncertain.

"I don't really know anything about that. It's way, way above the level that I'm working at," McGlynn admitted.

"I don't have anything to do with any of the financial situation to be honest.

"With the share issue, the fans were magnificent and raised a lot of money and I think maybe everyone thought it was okay.

"We'll probably just get over the winning line and get to the end of the season - we'll probably limp over the finishing line.

"But people have got to realise there's still a sort of serious issue here."