Hearts fan bid group study Ukio Bankas links

Published on 20/02/2013 12:00

FINANCE experts are studying links between Hearts and owner Vladimir Romanov’s other businesses after the Lithuanian tycoon’s bank 
collapsed.

The specialists have been drafted in by Foundation of Hearts (FoH) – a fan-led consortium vying to take over the Tynecastle club – to determine the potential implications for Hearts.

Today, FoH chiefs called for greater clarity in the commercial relationships between Hearts, the fallen bank Ukio Bankas and club parent company UBIG.

FoH chairman Alex Mackie said: “We take the responsibility of potentially being entrusted with our fellow fans’ money very seriously and will not take unnecessary or foolish risks. Although we signed a non-disclosure agreement with the current owners some time ago, we have very little of the information we requested.”