Hearts: Son of former Liverpool owner George Gillett has takeover bid rejected

Hearts have rejected a takeover bid from the son of former Liverpool owner George Gillett, says chair Ann Budge.

Foster Gillett, who was on the board at Anfield, confirmed to BBC Scotland an email was sent on his behalf last week "regarding potential investment".

But he says no formal offer was made and there has been "no response" from the club or the Foundation of Hearts.

"I would welcome the opportunity to engage with the Foundation of Hearts to explore an investment," Gillett said.

"I am looking to acquire a football club with ambitions and I'm looking to invest significantly."

Gillett is one of several parties in recent times to contact Hearts about potentially buying a stake in the club.

However Budge, who helped rescue the Edinburgh outfit from administration in 2014, has a commitment to the Foundation of Hearts fans group which would prevent her selling her shares.

"My plan has always been to hand the club over to supporters and nothing has changed," Budge told BBC Scotland. "Right now, the club needs stability."

As it stands, Hearts have been relegated from the Scottish Premiership and are relying on a reconstruction plan to prevent them spending next season outside the top flight.

Colorado-based businessman Gillett was linked with Derby County late last year.