Hearts chief Ann Budge rejects takeover proposals with Motherwell to follow

Barnsley chief Paul Conway is keen to invest in a Scottish football club

Hearts owner Ann Budge has rejected takeover proposals for the club, report the Daily Mail.

Barnsley chief Paul Conway is keen to invest in a Scottish side having failed to do so in Partick Thistle last year due to regulations surrounding dual ownership.

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With those set to be relaxed the American businessman has made moves to increase his football investment, with a stake in Barnsley and Swiss side FC Thun, the former club of ex-Hearts defender Jose Goncalves.

Hearts owner Ann Budge has rejected takeover proposals. Picture: SNS

Conway revealed that he is open to talking to Scottish clubs, especially during the current situation where finances may be in a precarious position.

Both Hearts and Motherwell have been approached, with the latter also expected to reject any advances.

Budge told the Daily Mail: “I did receive a call from Paul and indeed over recent months I have received similar calls from a number of other would-be investors.

“In line with my contractual commitment to the fans to transfer ownership of Hearts to them, other than informing the Hearts board of the approaches, I have pursued none of them.”

Hearts and Barnsley, of course, were involved in a compensation wrangle earlier this season regarding Daniel Stendel who was manager of the Tykes at the start of the campaign.