UK time is: 07:52:54
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Valeri who?

The deal has taken some time to be completed but news this afternoon confirmed that a deal for around 4.5 - 5 million pounds has been agreed with Belokon becoming the first ever president of the club. So what else does he own, Toronto Pool has had a little look into the Belokon empire.

Finance

He owns two companies involving finance, The Baltic International Bank being the most well known. Established in 1993, it offers classic individual service to it's customers.

Food

Mr. Belokon again owns two companies in the food industry, Kimmel Riga is one of the oldest breweries in Latvia, it began in 1815. His holdings also own Brivais Vilnis, a fish-processing enterprise.


Media

Belokon Holdings owns three companies in the Latvian media. TV5, a television channel (where Blackpool FC highlights have been shown), Telegraf, the Latvian equivalent of The Telegraph! His holdings also have their own publishing house.

Services

They have interests in two service providing companies, a travel agent, WTS, and an insurance company called Baltic Insurance House.

Social

The Riga Golf School and Baltic Institute of Strategic Studies are both owned by Belokon Holdings, providing very much different services on the social side of Latvia.

So as you can see, the new man at BFC has a lot of assets, showing how much money he actually possesses, and how much he could actually put into the club, without dinting his bank account. Any money put in though, he would need something back.

Well, he will, I'm sure, be advertising in England, especially his brewery, with possibly wanting to have the advertising rights to the stadium or the kit. That, coupled with getting promotion to the Premiership (we hope!), would mean that he'll more than get his moneys worth.

But we have to remember Belokon is no Aabramovich who can throw money away, he's said that himself. All enterprises that Belokon invests into must comply with companies strategies. The interesting one being strategies number 8.

"potential to generate positive cash flow no later than 3 years after acquisition".

So he'll be looking to make some money back from his investment too.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!


Click here to join in the debate on the club forum.

The journalist

Writer: Campbell_BFC  Mail feedback, articles or suggestions

Date:Friday May 19 2006

Time: 2:57PM

Your Comments

with money behind you, u might start to creap up the league next season
green giant 12
Why the sudden interest from Eastern Europe. Wish someone would thro 3-4 million at our club
miked_joker
Why hasn't Belakon been made Chairman ? Does Oyston still want to pull the strings ?
alphieblues
All good news for us. Interesting that Strategy Number 8! As for President - in Europe that is a "Superior" role to that of Chairman so VB will pull strings and KO will show him the ropes - with all that string and rope I hope they don't tie themselves in knots :o)
MrTangerineMan
Its a good thing he wants it to make him money. Abramovich has money to chuck and probably sees chelsea as nothing but an expensive toy. Whereas Belekon has more of vested interest and therefore is more likely to try and improve the club as it will help him in the long run. Lets just hope its not long til we've got a 4 derby's a season. But remember we may have cash, but the gaff has to spend it wisely.
Bellenduos
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Articles

Meet the Referee v Burnley (Thursday April 17 2014)

Leeds Review (Thursday April 17 2014)

Fans display their anger (Thursday April 10 2014)

Relegation Battle Looms (Monday April 7 2014)

Stats: Blackpool v Yeovil (Sunday April 6 2014)

All Square at Loftus Road (Wednesday April 2 2014)

Battling pool earn Priceless Point (Wednesday April 2 2014)

Full time: Blackpool 1-0 Huddersfield (Saturday March 22 2014)

Archived Articles

List All Vital Blackpool Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. premier 1 245
2. Poole-Pool 170
3. SaskPool 150
4. Bear1951 143
5. SeasideEssexXile 138
6. Albert Ramsbottom 124
7. UAE Seasider 80
8. BobHatton 71
9. 53CODGER 50
10. nodrogaty 48

League Results (view all)

League Table (view table)

Team P W D L GD Pts
18. Birmingham 41 11 10 20 -10 43
19. Doncaster 43 11 10 22 -28 43
20. Charlton 42 10 12 20 -24 42
21. Blackpool 43 10 12 21 -27 42
22. Millwall 42 9 13 20 -30 40
23. Barnsley 42 9 12 21 -28 39
24. Yeovil 43 8 13 22 -25 37

Breaking League News

LUFC On This Day - April 19th
Leeds Utd : 19/04/2014 07:00:00
Blackburn 0 Glovers 0
Yeovil : 18/04/2014 23:38:00
Opposing View: Ipswich Town
Watford : 18/04/2014 23:37:00
Top Display From The Latics - More To Follow
Wigan : 18/04/2014 23:23:00
Wigan : 18/04/2014 22:39:00
Boro chase more success
Middlesbrough : 18/04/2014 22:23:00
Rovers remain in relegation dogfight
Doncaster : 18/04/2014 21:36:00

Current Site Poll (view all polls)

Do you agree with last nights protests?
Suggested By:  
Totally agree 63%
Other ways to show it 37%