In the second part of heartsfc.co.uk's exclusive interview with Board director Sergejus Fedotovas, he outlines that while discussions have taken place with interested parties, it will be a prerequisite that buyers demonstrate they have the financial support to develop Hearts.

Sergejus said: "Discussions have already taken place with several interested parties. In some cases there is a big difference between interest and substance and it is the Board's responsibility to ensure that the club is sold to the right people who can fund and manage it properly.

"There are plenty of examples where new buyers fail over the first 12 months.

"So my advice to people who are considering buying Hearts and do not hold significant financial reserves appropriate to fund and invest into the business - you need to discuss your ideas with professional financial and legal advisors in order to check if your offer is viable and seek their help to provide an offer on your behalf.

"We have had discussions with individuals and groups from Scotland and outside UK. It would be great to sell to a Scottish based investor or consortium but we remain open minded on the matter. There are also important criteria that will have to be met by any potential buyer. Firstly buyers must make a realistic offer for the club. The present majority owner has outlined his understanding of the value.

"An offer through an official legal or financial adviser will be more helpful. They must also demonstrate they have the realistic financial backing to carry out the purchase and to maintain the viability of the club on an ongoing basis."

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