Davie Hay's effective sacking has outraged Dominic Keane

Keane says neither Lionheart consortium leader Pearse Flynn nor anyone else has contacted him about transferring his 75% shareholding in the club to them.

He is also unhappy about Flynn's plan to replace manager Davie Hay with his assistant Allan Preston.

Lionheart will pull out if Keane does not budge, threatening Livi's survival.

Keane, who resigned as chairman when the club went into administration at the beginning of February, told BBC Scotland on Sunday that he was disappointed that Flynn had not been in touch with him.

"He's spoken to the bank, to staff, to sponsors, but he hasn't yet spoken to the major shareholder about the transfer of shares," said Keane.

"I would urge him to do that."

A statement released by Lionheart on Sunday reiterated their commitment to saving Livingston, but stressed that Keane's compliance was vital.

We wanted to keep Davie Hay at the club in some capacity but he has chosen not to accept our proposals Prospective Livingston owner Pearse Flynn

"The agreement of shareholders to pass over control to Lionheart is an essential condition for this deal to be completed satisfactorily," the statement read.

"The alternative for the club is most likely to be receivership."

But Keane said this "doomsday scenario" did not reflect reality.

"I've spoken to the administrator and it's possible that I could come in with a bid," he added.

"At the moment, it's highly unlikely I will be involved in taking control of the club again because Mr Flynn has preferred bidder status, but it's another option."

Keane is clearly unhappy at Flynn's decision to replace Hay with Preston should his consortium take over the club.

"From my point of view it's unlikely that I'll be involved at the club," Hay told BBC Sport on Saturday.

Hay, who led Livingston to CIS Insurance Cup glory in March, has been strongly linked with a move to Hibs.

"I may be unemployed at the end of the season and I can listen to offers," added the 57-year-old.

"We sought council from people within the club and the feeling was that Allan Preston was a major driving force," Flynn told BBC Scotland.

"We have a five-year plan we want to put in place and we are thinking of the future.

"We wanted to keep Davie at the club in some capacity but he has chosen not to accept our proposals.