Hearts have been fined £10,000 by the Scottish Football Association after majority shareholder Vladimir Romanov's criticism of match officals.
Romanov arrived at Hearts in January 2004
The Edinburgh side were also warned about their future conduct after being found guilty of disrepute for carrying the comments on the club website.
Romanov had referred to referees' conduct during Hearts' successful Scottish Cup run last season.
Hearts have not as yet revealed whether they will appeal against the fine.
An individual charge against Romanov was deferred by the SFA's general purposes committee because he was unable to attend Tuesday's meeting.
His case will be dealt with at the next meeting of the committee in December even if he does not turn up.
Romanov was critical of the Scottish media and said: "Last season, you didn't manage to protect the Scottish Cup and gave it to Hearts, despite all the referees' efforts and intrigues."
The SFA closed a loophole in May that had allowed Romanov to air his outspoken views with impunity because he has no official post at Tynecastle.
The resolution means every person holding authority at a club or control over the board falls under the SFA's jurisdiction.