Hearts majority shareholder Vladimir Romanov has sent an appeal to the Scottish Football Association over a £10,000 fine, according to his legal team.
Romanov was fined last Monday for making critical comments about Scotland's referees.
The SFA have not yet received the appeal, however Romanov's legal advisors today submitted a fax to the body indicating that one had been sent.
The original appeal papers and fee are believed to be in the postal system.
The SFA's procedures state that those making an appeal must dispatch it by recorded delivery within seven days of being notified of their punishment.
It was believed that the Lithuanian-based businessman had let the deadline pass but his challenge may still be heard.
An SFA statement read: 'If an appeal is correctly submitted in accordance with the SFA's articles of association, it will be heard by an independent appeals board in due course.'
Romanov said in September: 'Last season, you didn't manage to protect the Scottish Cup and gave it to Hearts, despite all the referees' efforts and intrigues.'
The Tynecastle club were also fined £10,000 by the SFA in October after being found guilty of a disrepute charge for carrying the statement on their website. They have challenged the fine.
Romanov's case was deferred because he did not attend the meeting and he was found guilty in his absence last Monday of bringing the game into disrepute.
The SFA closed a loophole in May which had allowed the outspoken banker to air his views with impunity because he has no official post at Tynecastle.
That resolution means every person holding authority at a club or control over the board falls under the SFA's jurisdiction.