Hearts director Sergejus Fedotovas has warned fans the club could face another do-or-die situation if more do not buy shares.
The club have now raised more than £800,000 in a share issue scheme that was launched last month and closes on December 19.
Hearts averted a winding-up order after paying Her Majesty’s Revenue and Customs a £450,000 bill, and have settled another issue with the tax authority by agreeing to pay £1.5million over three years.
Players voluntarily deferred their wages last month but these are now up to date and Fedotovas confirmed yesterday that they would be able to pay this month’s wages.
But Fedotovas continued to warn fans of the dangers ahead by stating they were facing a £1million deficit.
He added: “If we are not able to bridge the target for the share sales, the club will be in the same difficult position as we were in November but this time with no option for shares.”
Fedotovas revealed 3,200 fans had contributed to the share scheme, which aims to raise £1.79 million.
“But we had 100,000 supporters celebrating in the streets of our capital city after our Scottish Cup victory, and have 8,500 season ticket holders,” he added.