Reports suggested that the Cornwall property developer was one of the leading candidates to take the reins at financially stricken Argyle and buy the club out of administration.
Lead administrator Brendan Guilfoyle has warned that if new funding is not found the club may not survive into next month but it seems Heaney is not Plymouth's saviour
He told thisiscornwall: "I don't know where it has all come from.
"I am very happy at Truro City and totally focused on helping bring a new stadium to Cornwall and hopefully seeing the club promoted to Blue Square Bet South.
"I have a lot of friends at Plymouth Argyle but I think people have put two and two together and made five."
Source: PA
Source: PA