Troubled Hearts have rejected a takeover offer from the former owner of Livingston, believing Italian businessman Angelo Massone "may not be the right person to take the club forward".
Despite repelling Massone's approach, majority shareholder Vladimir Romanov is prepared to discuss selling Hearts after first investing in the Clydesdale Bank Premier League club in 2005.
A statement on Hearts' official website read: "Heart of Midlothian FC can today reveal that it has rejected a bid from businessman Angelo Massone to buy the club."
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