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Last Updated: Wednesday, 22 September, 2004, 13:41 GMT 14:41 UK
Foulkes' plea for Hearts
Hearts chairman George Foulkes
Foulkes hopes shareholders put the club first
Chairman George Foulkes hopes Hearts' major shareholders do not price out any potential buyers for the club.

Lithuanian Vladimir Romanov has had discussions with chief executive Chris Robinson, former chairman Leslie Deans and Scottish Media Group.

Each party owns approximately 20% of the club's shareholding.

"It's important that the shareholders are realistic about their expectations when it comes to the possibility of selling their stake," said Foulkes.

Speaking to the Edinburgh Evening News, Foulkes added: "Hopefully people put the interests of the club first.

"Mr Romanov has some good ideas about the future of Hearts."

Serghei Fedotovas, a representative of Romanov, told the Edinburgh Evening News: "Things will become more clear next week when there should be a development.

"One of the reasons we are attracted to Hearts is that they are in Edinburgh, which is a growing prospective financial centre.

"This was one of the main things that we discussed before making an approach."

Hearts supporters will be hoping that any new investors in the club will prevent the agreed sale of Tynecastle to property developers Cala Management.

The terms of the 20.5m deal allows Hearts to pull out of the sale if a financially viable alternative is found before 31 January 2005.

Tynecastle sale approved
14 Sep 04  |  Heart of Midlothian
Hearts consider pitch plan
14 Sep 04  |  Heart of Midlothian
Hearts in takeover talks
31 Aug 04  |  Heart of Midlothian
New row at Tynecastle
21 Aug 04  |  Heart of Midlothian
Hearts talk with McGrail
14 Aug 04  |  Heart of Midlothian

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