Menu
Franchises

Hearts Owner Romanov Insists Club Will Not Go Out Of Business On His Watch

Scottish Premier League club Heart of Midlothian Owner Vladimir Romanov insists that he will not "let the club die on his watch," according to Scott McDermott of the Scotland DAILY RECORD. The "controversial Lithuanian" also took a shot at U.K. tax authority HMRC and accused it of being "too aggressive" in its pursuit of unpaid taxes at Tynecastle. Romanov said, "We have our income and were able to demonstrate to HMRC that we have sufficient income to cover that liability. The threats were a draconic measure. It’s a very stupid argument. I cannot see the logic in trying to close the club for non-payment of a monthly tax where, if you want to know, you can find out the money will be available." Fan group "Foundation of Hearts" is "attempting to raise the funds to buy the club from Romanov and put it back in the hands of the supporters." But the Lithuanian, who purchased the club in '05, has warned that they will need to "up the ante" if he is to sell (DAILY RECORD, 12/10).

GETTING IN A DIG: The SCOTSMAN wrote that Romanov "could not resist a dig at the Foundation of Hearts, the consortium led by Alex Mackie." Romanov said, "The starting offer of the Foundation of Hearts was more of a bad joke. They offered to take over the club for £450,000 ($723,000) and for us still to fund it until January. I am surprised they want to buy the club with supporters’ money and not invest their personal wealth like I did." Despite this, Romanov favors the idea of fan ownership. Romanov: "We want to make Hearts the people’s club, but the success of this will depend on how the media portray it" (SCOTSMAN, 12/10). 

SBJ Morning Buzzcast: April 26, 2024

The sights and sounds from Detroit; CAA Sports' record night; NHL's record year at the gate and Indy makes a pivot on soccer

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2012/12/11/Franchises/hearts.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2012/12/11/Franchises/hearts.aspx

CLOSE