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Blackpool president Belokon has total faith in Holloway transfer market work

Blackpool president Valery Belokon has no doubts about manager Ian Holloway's transfer market acumen.

Belokon detailed how he decided to make funds available to Holloway for last summer's market.

He told the Blackpool Gazette: "My business is to understand people. I have had talks with many managers in different businesses and I have to understand them. With Ollie I asked him to prepare a list of players he has sold - purchase price and sell-on price - at the different clubs he has been at.

"I saw a very substantial profit that Ollie has made at all the clubs he has managed, maybe £10m or more.

"After speaking two hours with him, I thought 'OK I'll give him a fund'. It is like a venture fund.

"And for me what is really interesting is that - and this is the strangest thing - Ollie hasn't spent all the money, and yet we've still had the results.

"It is a big surprise. But if he really needs the money he'll take it.

"And Karl (Oyston) fits into this relationship very well. It is really interesting because we have a fund so can buy players. That is one amount. Then there is another amount spent on salary and wages. Karl is the expert on wages!"

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