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Photo: BNS
BNS photo
UAB LavTwins, owned by the Lavrinovičius brothers, is registering new trademarks BC Vilnius City and BC Vėjas, one of which may become the name of a new club founded by Gediminas Žiemelis, reports Rūta Balčiūnienė, a journalist from Verslo žinios.
It is added that the shareholders of the LavTwins company also include the Greenvesta company, which is related to Žiemelis. The brands BC Vilnius City and BC Vėjas were registered in the categories of clothing, travel bags, footwear, sports equipment, water and other beverages, business administration and various subscription services.
More recently, Žiemelis shared on Facebook the possible reconstruction work of the Avia Solutions Group arena, which should be carried out already this year.
After speaking publicly for the first time in January about plans to create a basketball team in Vilnius, Žiemelis shared the vision of the development of this team in detail on the podcast website BasketNews.lt.
According to the businessman, the new equipment would start operating no earlier than 2022-2023. season and would immediately have an ambitious goal: to play in the Euroleague, which he hopes to achieve in 4-5 years. Only then, according to Winter, it will be interesting for future investors and, at the same time, can bring returns in the future.
“I don’t see another league, only the Euroleague,” Žiemelis said on the “BasketNews.lt podcast.” – The Euroleague needs a sustainable budget. How could it manifest itself? I will give you two figures: Maccabi in Tel Aviv collects 10.5 million euros from tickets. its budget is 17 million euros. Žalgiris raised 4.7 million at best. euros of tickets, his budget is about 10.
With a growing GDP and a growing budget, it is only natural that in a city like Vilnius in 5-6 years we will be able to raise more money for tickets. Vilnius could expect at least 70 percent. what Maccabi gets. All the factors are needed here: good teams, stars, local derby, young talent, etc. “
Winter has prepared a plan for the new team to start with $ 5 million. with a budget of € 1 billion from stakeholders, including club fans.
The plans are to distribute 100,000. shares of which 90 percent. for private and corporate investors, and 10% for – for fans. Fans could buy a share for € 50 and that would give them a 0.01 percent discount. parts of the hip.
After selling all the shares, it is expected to collect 500 thousand from fans during the season. 4.5 million euros. – from private investors.
BasketNews.lt podcast with Gediminas Žiemelis:
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