Siauliu - UBIG
's main creditor - were said to want more than the PS100,000 being offered for UBIG
's Hearts shares.
"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.
Just how much of that profit came from the interest paid by Hearts to UBIG
to service the current debt is not known.
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.
The cooling-off period for the purchase of UBIG
's 50 per cent stake by Budge's BIDCO group ends on Sunday and no objection has yet been raised by the fallen bank's creditors.
Money men Bryan Jackson and Trevor Birch are due to fly out tomorrow to meet with the administrators of UBIG
and Ukio Bankas.
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 81.6 to around 95.1 percent.
It was 'UBIG
: see you later!' No, I was getting another bit on my leg done.
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.
, Romanov's investment company, yesterday announced plans to strengthen their control of the Tynecastle outfit by buying more shares.
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.