Despite repelling Massone's approach, majority shareholder Vladimir Romanov is prepared to discuss selling Hearts after first investing in the SPL club in 2005.
A statement on Hearts' official website read: "Heart of Midlothian FC can reveal that it has rejected a bid from businessman Angelo Massone to buy the club.
"The offer was received last week but the board feels the Italian may not be the right person to take the club forward."
- Sports & Recreation
- Heart of Midlothian FC
- Vladimir Romanov