His spokesman said: "Unofficially I've been told that the creditors of UBIG
are intending to vote "yes".
I was under the understanding that he was going to be coaching director for the UBIG
Group which would also involve looking after FBK Kaunas and the Belarussian club," Frail said.
It's believed UBIG
– who owned a 50 per cent stake in the club – are expected to sign off on the takeover proposals of benefactor Ann Budge's BIDCO 1874 group.
Csaba, who was also at Tynecastle, met with UBIG
official Mindaugas Nikolicius as he moved closer to the pounds 200,000 a year job.
, Romanov's investment company, yesterday announced plans to strengthen their control of the Tynecastle outfit by buying more shares.
Hearts should discover at a meeting in Lithuania tomorrow whether creditors will allow parent company UBIG
to transfer their shares to supporters' group Foundation of Hearts.
The proposal will see UBIG
, Romanov's investment company, obtain an extra 34,285,714 shares valued at 35p each, which will increase their shareholding from 81.
After months of negotiations, creditors of the stricken Ukio Bankas agreed to follow parent company UBIG
and transfer its shares in Hearts to Edinburgh businesswoman Ann Budge.
Another bust Romanov firm, UBIG
, are owed PS10million.
The loans from UBIG
will in no way jeopardise the quality and strength of the team.
So long Vladimir Romanov, cheerio Lithuania, ta ta UBIG
, Ukio, UKIP, YouTube or whoever else had their mitts in the pot.
March 5, 2013 - Hearts' owner Vladimir Romanov stands down from the board of UBIG
, who hold the majority stake in the Jambos, as another of his companies Ukio Bankas collapses, sparking rumours the Russian may also sell the Edinburgh club.