Aw shucks.
Looking forward to beating you cos you're shite rather than than cos your chairman is behaving like a total penis and destroying the club. :kiss:
True, but he can offload them any time he wants (within reason).
One way of doing this is to wait to find out what the Oystons intend to do raise the cash. If selling their shares is one of their options, a potential buyer may wish to purchase more than the Oystons' 48%. In fact, merely buying...
Like I said, I'm not sure Belokon will accept shares in Blackpool FC as payment. In fact, the judge has ordered the Oystons to cough up £31.7m with no caveat for saying shares are acceptable.
He may go for it, but that would undo what he has been trying to achieve - get his money.
Correct, all bar the minority shareholders. However, they will be £31.7m poorer.
For a start, Belokon is demanding £10m within the next 28 days from the Oystons - and the court has agreed to this. The fact he's doing that might suggest he believes the Oystons have that on them - or can get...
No. This is one of the cornerstones of the whole hearing.
Belokon, not long after his original investment into Blackpool believed he had entered into a gentlemen's agreement with the Oystons (who had hitherto been the majority shareholders) that they would have equal share. There are some other...
The judge has ordered that £10m be paid to Belokon within 28 days of the judgement. Addtionally, the judge has ordered a freezing of all the Oystons' assets until such time as a satisfactory arrangement to pay the balance to Belokon can be decided.
Seeing as the judge specifically said that...
The central point behind the whole judicial application was that the Oystons 'paid' themselves over £26m from Blackpool FC's Premier League money, making out it was monies owed to them or in loans. This was done without informing all of the Board of Directors. They didn't even try to cover it...
I think that may well be the case.
However, towards the end of the ruling, the judge makes a suggestion of some kind of mediation going forward. That way, many of the issues brought in this case would have been dealt with. However, after the hearings, and before the rulings, the judge received...
He's a convicted money launderer - in Kyrgyzstan. Belokon also believes he's been told he can't be anywhere a Football League club any more.
Interesting that the FL bans oversea money launderers - but British crooks? Openly welcomed...
My guess is they will stall, procrastinate, and generally sod-arse about.
I did a really dull thing earlier today and (skim) read the court ruling - it's 163 pages of interesting but complicated skullduggery. What comes across is that - when talking about the Oystons - we're not really talking...
I appreciate that. And it's not relevant to today's ruling.
They've got to come up with £10m now, and work out a plan for the balance. While they do that, their money - wherever it is squirreled - can't move. So if it is offshore, they can make provisions to get it back sharpish.
The...
If they did, they'd have to relinquish ownership and control of the company that owns Blackpool FC.
As I understand it, all of their assets have been frozen until such time as this matter is settled.
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It's nothing to do with the value of Blackpool FC. And no, Blackpool is worth nothing like that much.
It's a long an complicated story, but it's a judgement handed down on the back of the Oyston's behaviour from 2006 to 2011.