Hearts main creditor Ukio Tyler Anderson Jersey Bankas Investment Group, of which Vladimir Romanov is chairman, is to buy 30% of the Hearts debt in the form of shares. The scheme, known as the debt for equity plan, was revealed in a statement on the clubs official website today.Roman Romanov, son of Vladimir and current Hearts DJ LeMahieu Jersey chairman, talked of how the plan demonstrated the investment group and Vladimir Romanovs long-term commitment to the club. UBIG and its Chairman, Vladimir Romanov, have a considerable long-term interest in Hearts as a leading profe sional football club based at Tynecastle Stadium. He added The Directors believe the current proposal to convert 12 million of debt into equity demonstrates Chris Iannetta Jersey the strength of UBIGs continued financial commitment to Hearts.As well as demonstrating long-term commitment, the statement included details of how the plan would put Hearts in more stable financial position by relieving the club of around 600,000 of interest Chad Bettis Jersey payment per annum. It will also put Hearts in a stronger position to pursue external funding for the redevelopment of Tynecastle Stadium.In a separate, but related, statement Carlos Gonzalez Jersey from the board of directors on the website today, the club announced that a new manager will be appointed shortly.