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BIRMINGHAM CITY AND BLACKPOOL IN TROUBLE?

Wed Feb 13, 2019 5:56 pm

Birmingham in trouble as they have fallen foul of efl financial rules, they almost certainly have 6 points deduction but quite possibly get 12 as they decieved efl over staying inside the financial rules? May know fate at end month. :?

Re: Brum in trouble?

Thu Feb 14, 2019 12:58 am

Blackpool (or Owen Royston at least) in trouble also, after being put into receivership and told to pay a debt of £25m to Valeri Bolokan...



Blackpool: High Court appoints receiver over £25m owed to Valeri Belokon

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, 85, 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.

The receiver will be asked to discharge some of Oyston's assets, plus those of Blackpool Football Club (Properties) Ltd, which owns the football club, stadium, training ground and nearby Travelodge, reported the Blackpool Gazette.

In a statement, Belokon's legal team from Clifford Chance LLP, said they hoped the decision would "herald a new chapter in the proud history of a prestigious club".

"The application was a ground-breaking one in the football industry, with the judge confirming that it was in the interests of justice for the appointment to be made," it said.

"It potentially marks a watershed moment for Blackpool Football Club and its loyal fanbase."


What led to Wednesday's court date?

Belokon has been in dispute with Oyston for several years and won a High Court case in 2017 when he successfully sued Oyston and his son Karl, the club's former chief executive, after discovering that they had "asset-stripped" Blackpool by paying themselves huge bonuses and salaries following the club's season in the Premier League in 2010-11.

The Latvian businessman was awarded more than £31m but after several missed deadlines is still owed £25m.

Oyston, who bought the club in 1988, claimed last year that Belokon had refused the opportunity to take over Blackpool for £5m.

However, Belokon, who bought a 20% stake in the Tangerines in 2006, is currently disqualified from club ownership after being given a 20-year jail term in Kyrgyzstan for "money laundering, tax evasion and dishonesty" in his absence in May 2017.

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.

A large section of the club's supporters have boycotted matches and held protests against the Oyston family for several years over their running of the Lancashire club.

Re: BIRMINGHAM CITY AND BLACKPOOL IN TROUBLE?

Thu Feb 14, 2019 3:19 pm

Sven Blackpool will probably escape sanctions as efl have discretion when deciding things! And considering the story and why they've gone into administration can see them being ok, but brum have been naughty and can see efl throwing book at them . :old:

Re: BIRMINGHAM CITY AND BLACKPOOL IN TROUBLE?

Thu Feb 14, 2019 6:42 pm

pembroke allan wrote:Sven Blackpool will probably escape sanctions as efl have discretion when deciding things! And considering the story and why they've gone into administration can see them being ok, but brum have been naughty and can see EFL throwing book at them . :old:


Yes, appreciate that :thumbright:

I put the second part out late last night and heard there had been developments this morning. Fans are being asked not to buy tickets until the Receiver is in full control of the club

It's an odd one with the Royston's. They took the club to such a height (at our expense) and then took it to the pits! :shock:

Re: BIRMINGHAM CITY AND BLACKPOOL IN TROUBLE?

Thu Feb 14, 2019 11:59 pm

Sven wrote:
pembroke allan wrote:Sven Blackpool will probably escape sanctions as efl have discretion when deciding things! And considering the story and why they've gone into administration can see them being ok, but brum have been naughty and can see EFL throwing book at them . :old:


Yes, appreciate that :thumbright:

I put the second part out late last night and heard there had been developments this morning. Fans are being asked not to buy tickets until the Receiver is in full control of the club

It's an odd one with the Royston's. They took the club to such a height (at our expense) and then took it to the pits! :shock:




They simply didn't know when to let go poor decision making and poor financial management probably behind things! He was just a power mad owner who over stayed his welcome :old:

Re: BIRMINGHAM CITY AND BLACKPOOL IN TROUBLE?

Sat Feb 16, 2019 10:04 am

I know some Blackpool fans.

They now think that all their troubles will be over as Oyston is gone. They aren’t.
They also think that their first game without him will be a sell out. It won’t.

Re: BIRMINGHAM CITY AND BLACKPOOL IN TROUBLE?

Sat Feb 16, 2019 10:46 am

maccydee wrote:I know some Blackpool fans.

They now think that all their troubles will be over as Oyston is gone. They aren’t.
They also think that their first game without him will be a sell out. It won’t.



Listening to fans on radio don't think they care at moment all they wanted was oyston out for past number of years! :thumbup:

Re: BIRMINGHAM CITY AND BLACKPOOL IN TROUBLE?

Sat Feb 16, 2019 11:32 am

Birmingham and Blackpool are without doubt the worst examples of bad ownership and it is not always foreign owners as Blackpool prove. You can add Coventry to the crime list who owners are probably the worst by keeping them trapped in a circle of stagnation until someone pays the ridiculous price that the Hedge Fund paid back in the early 2000's.

Looking ahead will Swansea's owners prove to be the destroying of that club? Well if nothing else they have made a good start.