 An assessment by PWC in the autumn of 2003 found that Hearts, along with four other SPL clubs, were technically insolvent.Dundee and Livingston subsequently went into administration, while Hibs and Dunfermline both took drastic measures to balance their finances, cutting their player budgets severely and selling assets.Hearts also cut their player budget and, more significantly, proposed to sell Tynecastle to eradicate the club's debt.