Take Romanov offer, Hearts shareholders urged

Hearts chairman George Foulkes has urged shareholders to accept Vladimir Romanov’s offer for the club’s shares.

Romanov, who became the largest shareholder in the club in February this year, has offered 35p a share as he attempts to consolidate control of the Bank of Scotland Premier League leaders.

“I believe this offer to be in the best interests of Hearts, its shareholders, staff and supporters and urge shareholders to accept it,” Foulkes said.

“UBIG (a Lithuanian company chaired by Romanov) has given us assurances of their continuing involvement with the club and we believe this will enable us to continue our current progress.

“We have also obtained agreement that the current privileges of qualifying Hearts shareholders will be preserved through a loyalty club.

“Acceptance of this offer will see the club move from strength to strength under the same management and with a simplification of ownership and increased commitment.”