A couple of things:
1) imagine having had that much cash pumped into your club and still being as shite as Hearts are. What exactly has the money been spent on?
2) Budge's latest interview re legal action seemed to focus on the 'restriction of trade' aspect. (It makes sense, as they don't have a leg to stand on in any other aspect. I'm not sure they do in this one either, but that's by the by.) So, if this donation takes place and there is no restriction of trade because all the leagues can play, then the legal challenge is even more dead than it was before. So really, really dead.
Edit: How are they going to backtrack from that? The Hearts fans (on Twitter) are baying for blood, the thick fuckers.