Hearts reject 'undervalued' Massone bid
EDINBURGH, Scotland (AP) -Cash-strapped Scottish team Hearts has rejected a takeover bid from former Livingston owner Angelo Massone, saying the bid "undervalued the club.''
A statement from the Scottish Premier League club said that current owner "Vladimir Romanov remains willing to discuss the sale of Hearts to anyone with a genuine interest, and ability, to take the club forward.''
It added that "bidders will need to provide a financial offer to reflect the value of the club, be fit to run it as required by the Scottish FA and disclose their plans going forward.''
Hearts was hit with a "winding-up order'' and could be forced out of business because of an unpaid tax bill of nearly 450,000 pounds (about $719,000).
Romanov issued a plea earlier this month asking for "emergency backing'' from supporters of the club.