GT49er
Well-known member
I suspect the Oystons will still walk away with a lot more than Blackpool FC.
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[Football] Blackpool FC.
- Thread starter Leekbrookgull
- Start date
Leekbrookgull
Well-known member
- Thread starter
- #22
Is this to The EPL parachute money finally running out and stadium costs ?
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.
If there were any justice or any precedents set which made any sense then yeah, fair enough.
However, some clubs have got away with the equivalent of a slap on the wrist for blatantly ripping people off for millions. Leicester, Portsmouth and of course Palace come to mind. Leicester maybe the worst as their stadium was paid for by.....er... not paying for it. How they got away with that I'll never understand.
And of course Palace did it twice.
Blackpool's situation is slightly different. The vast majority of what "the club" owes is to the Latvian money laundering chap. It's basically some criminals owing money to another criminal with a football club in the middle.
Why the fans should suffer more by getting a 12 point deduction I don't really understand. The sensible approach would surely be a smaller deduction (3 to 6 points) to fit in with "the framework" that the EFL adhere to. Along with an explanation of why this is an exceptional case.
I'll not hold my breath though.
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 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.
Icy Gull
Back on the rollercoaster
- Jul 5, 2003
- 72,015
Chuffed for them, not quite Archer, Stanley but they have suffered for a long time
- Apr 5, 2014
- 23,538
Easily as bad as. Yes, they have the ground. But still.
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.
I remember many years ago Oyston claiming he made a fortune from his short-lived socialist tabloid newspaper, but lost an even bigger one when it went tits-up. He clearly learned his lesson.
Lovely family. Patriarch Owen Oyston, when age 58, raped a 16 year old (he went to prison for it).
GT49er
Well-known member
So did Belokon finally get his £25M (well, somebody's £25M anyway) then? Can't say I find much to rejoice about with that. Still, if the Oystons are finally out of the club, I guess many of the fans would think that's at least worth a 12 point deduction!
They didn’t get a points deduction.
GT49er
Well-known member
I know. I didn't say they had. I said I thought that Blackpool fans would probably think it would be worth a 12 point deduction to get rid of the Oystons.
Fair enough.
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 and their other assets. They’re into property and have their grubby fingers in many other companies. They’re a wealthy family.
GT49er
Well-known member
Thanks for that.
..........and completely out of money too, since they don't appear to have got a penny of all this money sloshing around?