Hearts have confirmed that talks have been held with parties interested in buying the Tynecastle club.
"We are in discussions with a few people who are looking at the situation," director Sergejus Fedetovas told BBC Scotland.
"We will proceed with those who really understand and appreciate what the football club is. It requires working capital. It requires investment.
"It is important for the club to find a way forward."
Owner Vladimir Romanov has said he values the Edinburgh outfit at £50m, although the club are in debt to the tune of £30m.
"His valuation is based on the value of the assets and I think it is somewhere in that area," Fedetovas said.
"But it depends on the buyer. Perhaps some buyers will value it in a different way."
Meanwhile, Hearts players have been told everything possible is being done to ensure their wages are paid up-to-date.
Fedetovas addressed the players but BBC Scotland has learned they will not get their December salaries on time.
First team squad members received their November salaries on Thursday - 29 days late - while October's wages were overdue by 16 days.
Players' union PFA Scotland have submitted an official complaint to the Scottish Premier League on the matter.
That will not make the formal agenda at Monday's SPL board meeting but could be discussed as an emergency item.
If that is the case, the SPL are likely to ask Hearts for their comments before deciding what action, if any, to take.
Fedetovas said that the wage delay was because of an unexpected shortfall in income.
"We had a few payments that were outstanding from previous historic business and they didn't come as planned," he explained.
"We are still chasing them. It's a tough time for a number of companies and clubs.
"We are working hard and it looks like a difficult task but we expect to get this money. Once we do, we'll be able to pay [the players' wages]."