Scottish Premier Division side Hearts have abandoned a plan to move out of their home ground of Tynecastle.
The proposed move provoked outrage among the club’s fans who have campaigned to keep the club at their existing ground.
Moves to sell the ground came amid fears that the very existence of the club was in jeopardy due to chronic debts. However, the arrival of Lithuanian tycoon Vladimir Romanov and his promise of fresh funds, prompted a rethink.
An emergency meeting of the Hearts board was held on Monday which was attended by Romanov, at which the club agreed to abandon a deal to sell the ground to developers Cala Management.
A club statement to the Stock Exchange Tuesday said: “The board of Hearts announces that at the extraordinary general meeting of the company held yesterday, the resolution put to shareholders that the company withdraw from the agreement for the sale of Tynecastle Stadium was duly passed with the result being 70.2 percent of votes cast in favour of the resolution.”