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Budge took control of Hearts in May 2014 and brought the club out of administration.
Romanov took control of Hearts in 2005 with the ambition of breaking the stranglehold on the Scottish title enjoyed by Glasgow duo Celtic and Rangers.
Former Livingston owner Angelo Massone is involved in one of the three groups bidding for control of Hearts, BBC Scotland has learned.
Romanov, the chairman of UBIG Investments, which holds a majority shareholding in Lithuanian bank Ukio Bankas, took control of Hearts in 2005.
Creditors of major shareholder UBIG have agreed to transfer their 50% holding to BIDCO, the Budge-backed vehicle for future fan control of Hearts in conjunction with the Foundation of Hearts group.
Foundation of Hearts chairman Ian Murray MP feels the group have "one leg over" the final hurdle in their bid to take control of Hearts after a deal was struck to secure the majority shareholding.
Similar(52)
It reflects the autonomic nervous control of heart function by a dynamic controlling effect [ 23].
Pharmacologic control of heart rate in atrial fibrillation.
Manuck, S. B. et al. Role of feedback in voluntary control of heart rate.
Ocorr, K. et al. Genetic control of heart function and aging in Drosophila.
To evaluate the efficiency of an implanted chip system for the control of heart rate (HR).
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