Deal done for 5 million
The announcement was made after a team went over to Latvia on Thursday, it included current chairman Karl Oyston, manager Simon Grayson and members of the local press.
Belokon's company Belokon Holdings will now receive shares in the club on the 19th of June when a general meeting is set to take place.
The investment will mainly be into team building and it is planned the cash will be phased into the club in stages. It also means that Belokon will become club president, but Oyston will remain as chairman.
Let the spending commence!