The Guardian’s David Conn covered this just an hour ago.
The £10m Sadler played for the football club, stadium and hotel goes into the pot the court appointed receiver is gathering for Belokon.
That’s the club completely out of the picture now.
The receiver will also be pursuing the Oyston’s...
I just found this in Blackpool’s 2010/11 accounts (their PL season):
£42m of PL money, giving total club income of £51m.
Transfer spending £3.4m.
Wages to the Oyston’s £11m!
By a different means from Archer’s triangular property deals, club assets ended up elsewhere.
A fresh start confirmed.
The Oyston’s had stripped the group companies of its huge PL cash pot (they didn’t spend it on major transfers and player wages), over a number of years by paying themselves huge bonuses and salaries.
The same as Archer ultimately (through the connected land deal), but good riddance. But the Blackpool fans can move on, as we did. At least they’ll still have the stadium ...... hopefully.