A new shareholder will join Žalgiris



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A great business is maturing on Nemunas Island. 15min journalists Donatas Urbonas and Rokas Pakėnas claim that Kaunas’ main shareholder “Žalgiris” Paulius Motiejūnas intends to sell part of his shares and accept a new shareholder in the green-white organization.

According to 15min sources, he should be a co-owner and co-founder of Tesonet Take Ok man. You should earn about 25 percent. Parts of “Žalgiris”. The remaining 25 percent. indirectly belongs to Arvydas Sabonis. Until now, P. Motiejūnas owned 75 percent, Arvydas Sabonis 25 percent. parts of the hip.

Tesonet is a Lithuanian company that develops cyber security solutions, and one of its founders is T. Okman, who was elected CEO of the year this year. In the future, the company employs about 1.5 thousand. employees, and is called an unofficial Lithuanian “unicorn”.

Unicorns are startups founded around 2000 and later, with a market value in excess of $ 1 billion, but this company does not attract investors, so its value is not publicly announced, but is believed to exceed that threshold .

For Žalgiris, the new shareholder and the injection of money are especially important, since the club will not charge the budget foreseen by the COVID-19 situation and the impossibility of allowing spectators to enter the arena, although it was planned to raise about 2 ,6 millions. euros.

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