Russian paper and pulp millionaire Boris Zingarevich is set to plough Â£20m of cash into Everton Football Club tomorrow.
The Russian, who has a personal fortune estimated at almost $200m is said to be BIll Kenwright’s “mystery” investor, and will take a 40% share in the club should his proposal to inject much needed cash be accepted.
While Zingarevich is not in the same league as Chelski’s billionaire Roman Abromovich, he is also a lot less shady, and his history is far more open to exploration.
He graduated from a Pulp and Paper university (no, really) in 1985 and set up his own business with his family in 1992. When the Russian state ceased to be sole exporter Mr. Zingarevich founded Ilim Pulp Enterprise as a trading company specializing in export sales of pulp and paper products. During 1994, he began acquiring pulp and paper manufacturers with the goal of establishing a vertically integrated forest products company.
Mr. Zingarevich currently serves on the Board of Directors for Ilim Pulp Enterprises, which employs 36,000 people with annual sales in excess of $1 billion. The Ilim Group is the 67th largest processor of timber in the world today.
So, no porn or oil then?
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