One says Bakov wants Prince Karl Emich of Leiningen to accede to the throne and restore the Russian monarchy.
Another claims that Karl-Emich already accepted and, in a gesture of gratitude, created Bakov a Serene Prince .
http://www.telegraph.co.uk/news/2017/01/30/russian-businessman-seeks-restore-tsarist-empire-overthrown/
http://hawaiipublicradio.org/post/pacific-news-minute-russian-monarchist-hopes-re-establish-romanov-dynasty-kiribati