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Daddy big bucks

  • 2006-05-31

Photo by Aigars Liepinsh

Although the BBC reported last week that Latvian banker Valerijs Belokons agreed to invest 5 million pounds (7.4 million euros) into England's Blackpool soccer club, Belokons has refused to specify the actual amount.

Details behind the deal will be officially announced after Belokon Holding receives the club's shares on June 19, when the agreement will be sealed. There are also rumors that Belokons will take over as Blackpool president, leaving Oyston as chairman.