Admin phantom Posted February 13, 2019 Admin Report Share Posted February 13, 2019 Blackpool have been put into receivership by the High Court, forcing owner Owen Oyston to pay ex-director Valeri Belokon the £25m he is owed. The ruling could pave the way for a takeover, but the English Football League must now decide whether to dock the League One club 12 points. Oyston was ordered to buy Belokon out for £31.27m in November 2017. The EFL said in a statement that they will "consider the matter" at their next meeting on 6 March. Chief executive Shaun Harvey said: "We will be seeking an early meeting with the receiver, so as to ensure that the best interests of the club can be jointly considered, against the context of our regulatory framework." According to EFL regulations, any club that becomes subject to an insolvency event, including the appointment of a receiver, could be deducted 12 points. Oyston claimed last year that Latvian businessman Belokon had refused the opportunity to take over Blackpool for £5m. Belokon, who bought a 20% stake in the Tangerines in 2006, is disqualified from club ownership after being given a 20-year jail term in Kyrgyzstan in May 2017 for "money laundering, tax evasion and dishonesty". He subsequently failed the English Football League's Owners' and Directors' Test in September 2017. Despite this, Belokon said in April he was working with the EFL to reverse the decision to disqualify him because it ignored "basic principles of natural justice". Blackpool are eighth in the third tier but a 12-point deduction would leave them just two points above the relegation zone Link to comment Share on other sites More sharing options...
Monkeh Posted February 13, 2019 Report Share Posted February 13, 2019 While I have sympathy for the fans, Blackpool as a club and their board deserve it, all I hope is they don’t go down, it doesn’t cost them promotion and they get the board and owners they deserve Link to comment Share on other sites More sharing options...
Betty Swallocks Posted February 13, 2019 Report Share Posted February 13, 2019 25 minutes ago, phantom said: Blackpool have been put into receivership by the High Court, forcing owner Owen Oyston to pay ex-director Valeri Belokon the £25m he is owed. The ruling could pave the way for a takeover, but the English Football League must now decide whether to dock the League One club 12 points. Oyston was ordered to buy Belokon out for £31.27m in November 2017. The EFL said in a statement that they will "consider the matter" at their next meeting on 6 March. Chief executive Shaun Harvey said: "We will be seeking an early meeting with the receiver, so as to ensure that the best interests of the club can be jointly considered, against the context of our regulatory framework." According to EFL regulations, any club that becomes subject to an insolvency event, including the appointment of a receiver, could be deducted 12 points. Oyston claimed last year that Latvian businessman Belokon had refused the opportunity to take over Blackpool for £5m. Belokon, who bought a 20% stake in the Tangerines in 2006, is disqualified from club ownership after being given a 20-year jail term in Kyrgyzstan in May 2017 for "money laundering, tax evasion and dishonesty". He subsequently failed the English Football League's Owners' and Directors' Test in September 2017. Despite this, Belokon said in April he was working with the EFL to reverse the decision to disqualify him because it ignored "basic principles of natural justice". Blackpool are eighth in the third tier but a 12-point deduction would leave them just two points above the relegation zone Blackpool fans are delighted with this news. It’s forced the Oystons out of the club. Blackpool Fans Delight Link to comment Share on other sites More sharing options...
downendcity Posted February 13, 2019 Report Share Posted February 13, 2019 30 minutes ago, phantom said: Blackpool have been put into receivership by the High Court, forcing owner Owen Oyston to pay ex-director Valeri Belokon the £25m he is owed. The ruling could pave the way for a takeover, but the English Football League must now decide whether to dock the League One club 12 points. Oyston was ordered to buy Belokon out for £31.27m in November 2017. The EFL said in a statement that they will "consider the matter" at their next meeting on 6 March. Chief executive Shaun Harvey said: "We will be seeking an early meeting with the receiver, so as to ensure that the best interests of the club can be jointly considered, against the context of our regulatory framework." According to EFL regulations, any club that becomes subject to an insolvency event, including the appointment of a receiver, could be deducted 12 points. Oyston claimed last year that Latvian businessman Belokon had refused the opportunity to take over Blackpool for £5m. Belokon, who bought a 20% stake in the Tangerines in 2006, is disqualified from club ownership after being given a 20-year jail term in Kyrgyzstan in May 2017 for "money laundering, tax evasion and dishonesty". He subsequently failed the English Football League's Owners' and Directors' Test in September 2017. Despite this, Belokon said in April he was working with the EFL to reverse the decision to disqualify him because it ignored "basic principles of natural justice". Blackpool are eighth in the third tier but a 12-point deduction would leave them just two points above the relegation zone Given some of the absolute shysters that have been allowed to own English clubs, just how bad must Belokon be to have failed the EFL "fit and proper" test? Link to comment Share on other sites More sharing options...
fgrsimon Posted February 13, 2019 Report Share Posted February 13, 2019 and we all know who'll be all over this, doing their utmost to get Blackpool deducted points..... Link to comment Share on other sites More sharing options...
Taz Posted February 13, 2019 Report Share Posted February 13, 2019 46 minutes ago, downendcity said: Given some of the absolute shysters that have been allowed to own English clubs, just how bad must Belokon be to have failed the EFL "fit and proper" test? Well proving you have the money to run a club is obviously not that big a "test". Wally passed.... Link to comment Share on other sites More sharing options...
Numero Uno Posted February 13, 2019 Report Share Posted February 13, 2019 46 minutes ago, fgrsimon said: and we all know who'll be all over this, doing their utmost to get Blackpool deducted points..... The funny bit will be when they get the -10 adjustment and still avoid relegation at the Fewers expense!!! Link to comment Share on other sites More sharing options...
RedLionLad Posted February 13, 2019 Report Share Posted February 13, 2019 19 minutes ago, Numero Uno said: The funny bit will be when they get the -10 adjustment and still avoid relegation at the Fewers expense!!! ....with Blackpool beating them at the Dump on 2/3/19.....just to rub it in Link to comment Share on other sites More sharing options...
Red Army 87 Posted February 13, 2019 Report Share Posted February 13, 2019 14 minutes ago, RedLionLad said: ....with Blackpool beating them at the Dump on 2/3/19.....just to rub it in Wearing the gas away kit as well... Link to comment Share on other sites More sharing options...
RedLionLad Posted February 13, 2019 Report Share Posted February 13, 2019 25 minutes ago, Red Army 87 said: Wearing the gas away kit as well... They wouldn't allow something as stupid as that, would they? Link to comment Share on other sites More sharing options...
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