Former Hearts owner Vladimir Romanov insists he could have made the Tynecastle side one of the world's best clubs after the Lithuanian fugitive broke his silence in a bizarre interview inside his own personal submarine.

Romanov was the controversial owner of Hearts from 2005 until 2013, when his leadership plunged the club into administration.

The 72-year-old is still wanted by Lithuanian authorities for allegations of fraud, embezzlement and money laundering and was wanted by Interpol, but took refuge outside Moscow and is now a Russian citizen.

And after years of silence, Romanov has revealed that he believed he was on the brink of making Hearts a superpower in Scottish football and in Europe.

Romanov said: "Hearts' largest annual budget was only £10 million. But we sold players for £7-10 million. I actually made a profit! 
"No one could believe it. I broke the system and it didn't hurt the results on the pitch. 

"We won the Scottish Cup, took second place in the league and then I started putting young players on the pitch. Over 90% of the line-up were from the club's Academy. 

"That wasn't a team in the world like us who could boast about producing our own players and still making a profit. We would have been a real force if we had kept going.

"I had young players from all over Scotland begging to play for me - they dreamed of it. And it's because they knew I would have played them.

"When I was in charge of Hearts, we had a budget that was ten times lower than Celtic and Rangers and I still beat them.

"In fact, I even managed to beat Rangers when I was at Kaunas in Europe.

"What I loved about Scotland was that it just wasn't football...it was war."

And Romanov revealed he came close to buying current European champions and English champions-elect Liverpool when he was Hearts owner.

And he had his own plans for future Rangers boss Steven Gerrard.

He recalled: "We played Liverpool when I was at Kaunas and we were a goal up. I agreed a deal with David Moores, who was their chairman, to buy them for £200 million.

"At the time, my budget at Hearts as tiny as I said, but we even drew up a preliminary contract. Unfortunately, my financial partner, Oleg Deripaska, wouldn't agree to releasing the funds for it.

"But I told him we would have got £120 million back straight away by selling Steven Gerrard to Roman Abramovich at Chelsea. He would have paid that.

"And they ended up selling Liverpool for £600 million to the Americans. It's the biggest regret in my business life."

And Romanov, who was interviewed in a Russian magazine on board his own K-19 nuclear submarine that he used to serve on when he was a member of the Soviet Union navy, revealed he's now got a new project in his life and refuses to believe he's broken any laws.

He pointed out: "The Lithuanians turned to Interpol, but Russia refused to extradite me and I was granted refugee status and more recently, citizenship.

"I feel cheated about what happened. If I had been beaten by another entrepreneur, I could have accepted it, but the state did it. They robbed me.

"Once, I had £1 billion including loans and assets. Now I don't even get a pension here. A beautiful future awaits me!

"My new project is writing poetry to myself. I created a whole poem about the history of Lithuania. I'm excited about it."