Last Updated: Wed, 16 Dec 2009 10:57
Vladimir Romanov's right-hand man Sergejus Fedotovas claims Hearts are not in debt as they only owe money to their parent company.
Fedotovas has spoken out amid claims that the Jambos owe £30million to reveal that the cash owed is to parent company UBIG, while he also insisted that Romanov is still fully committed to the Edinburgh outfit.
He said: "The key fact, that sets Hearts apart from many other clubs, is our debt is in the form of funding from our own parent company UBIG. Our positive funding arrangement means it is our own group that finances Hearts and not external financial institutions.
"We therefore do not consider this as real debt - in simple terms we owe the money to ourselves as Hearts is owned by UBIG."
He added: "At all times we remain committed to the club.
"Since we came in the financial situation has been solid. All payments are okay."