Hearts: Romanov still at helm

Hearts have denied suggestions that Vladimir Romanov has stepped down as owner of the club.

Last Updated: 05/03/13 at 17:19 Post Comment

Vladimir Romanov: Still retains ownership of Hearts, the club insists

Vladimir Romanov: Still retains ownership of Hearts, the club insists

Romanov and the rest of the board of Ukio Banko Investicine Grupe (UBIG), the investment group who own Hearts, recently resigned their positions at the bank.

But the Edinburgh club are keen to emphasise there have been no changes to the boardroom structure at Tynecastle.

"Despite recent changes to the Board at UBIG, the Board structure at Heart of Midlothian remains unchanged," Hearts director Sergejus Fedotovas said in a statement on the club's official website.

"The information that Mr Vladimir Romanov has relinquished his control of Hearts is pure speculation and we do not have any information to that effect.

"Changes at UBIG board do not reflect any changes in the holding structure of Mr Romanov's ownership.

"I would like to reassure supporters of the club that the Board of Hearts' focus is entirely on this club and continuing the work that has allowed us to be within touching distance of having a self-sustainable business.

"This then allows us to truly develop the club both on and off the field in the seasons ahead. It is a work in progress at the moment but we are satisfied with the progress being made.

"It is also right to acknowledge that one of the principle reasons for us being unaffected at this stage by events in Lithuania is the excellent support that the fans and staff have provided to the club.

"With this continued support and ongoing diligence by the club's Board of Directors we believe that there is no threat to Hearts."

Romanov put the club up for sale in November 2011 but is yet to find a buyer, having already rejected a bid from Italian businessman Angelo Massone, the former owner of Livingston.

Hearts also later issued a strong-worded statement denying they had informed staff at a meeting on Tuesday that the club was on the verge of going into administration.

The statement added: "The club can categorically state there was no such meeting and no such message imparted to staff."

Related News

Most Commented

Readers' Comments

H

e made his power play to try and get Sheikhy to raise his wages or trade him to PSG. PSG were probably not interested and he is stuck with no cake and no vacation. @Jay_D> Surely you jest about FFP being real, right? All Platini is doing is making billionaries pay measly fines, so he and his cronies can get rich. If a fool can pay 50 mil for David Luiz, he will happily pay some fine to UEFA. FFP has failed as for it to succeed UEFA had to take it...

Synergy
Toure: I am staying with City

G

uess we can expect Toure's explanation of his behaviour around the same time Pete Townshend publishes his book then.

ceeps
Toure: I am staying with City

D

amn you Yaya, don't scare me like that! I only ate the icing. I didn't eat the soft and scrumptious middle - I will buy you another cake!

MCFC87
Toure: I am staying with City

Footer 365

Premier League: Ryan Giggs compares Louis van Gaal to Sir Alex Ferguson

Ryan Giggs has hailed Louis van Gaal’s early impact and has acknowledged the similarities with Sir Alex Ferguson.

Transfer News: Liverpool captain Steven Gerrard tipped to sign new contract to 2016

Liverpool manager Brendan Rodgers is expecting a new contract to be 'sorted' for captain Steven Gerrard.

Transfer News: Didier Drogba could return to Chelsea as Jose Mourinho considers striker

Jose Mourinho has confirmed he is considering bringing former Chelsea striker Didier Drogba back to Stamford Bridge.

Mail Box

Pre-Season Obviously Isn't Meaningless

The debate over the importance of pre-season continues, including a league table from last season for stats fans. Plus travelling to watch your team and Blackpool...

Definitely Not Getting Giddy Over A Friendly Win

We have some conclusions from Louis van Gaal's perfect start, plus a dismissal of fantasy football, worries about La Liga's greediness and thoughts on Real with Ham-ez...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property