Announced on BBC Radio Lancashire, that the latvian banker will have a substantial stake in the club.
A Structural agreement is in place, substantial cash investment at Bloomfield Road will happen in the near future.
Not a complete takeover, but he will have a major say on how the club is run.
The deal will be signed in the next couple of weeks, widely believed to be on April 1st, what Vital Football brought to you a few days ago.
Good times ahead?