Hearts owner Vladimir Romanov has again claimed the collapse of his bank in Lithuania has led to him losing all his assets.
The businessman's Ukio Bankas is in interim administration with debts approaching £380 million.
He said last month that he had lost all of his £250m fortune with the collapse of his banking empire.
Mr Romanov – who still controls Hearts as main shareholder in UBIG, the parent company of the club – says he has spent £60m on the club and wants to sell control to its supporters.
"All of our savings, all our companies, all of our activities were all in the bank. We have lost it," he said.
"We have a plan to sell 51% of the club to the fans," he explained. "Maybe it won't happen straight away, but we would like to realise it."
Mr Romanov has been trying to sell both Hearts and his Lithuanian basketball club Zalgiris BC. His assets were seized last month by Lithuanian authorities.
In an interview with a Lithuanian television station last month, the businessman said he had been left with nothing. He said: "The authorities froze all my bank cards and accounts. All I had left was the money I had in my pocket. I was forced to borrow money from friends and immediately sell my property to raise funds."
Representatives of Mr Romanov have been holding talks with fans groups to find a pathway for the sale of shares to take place but he would not discuss how much it could cost fans.
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