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Post by cbh1 on Feb 14, 2019 8:30:36 GMT
Not at all accurate to be honest. A court reciever has been appointed by Marcus Smith, the judge, to oversee the transfer of assets won in court by Valeri Belekon against Owen and Karl Oyston, now the former owners, who had failed to pay it voluntarily over 15 months. There is approx £25 million outstanding and so the reciever will run the club and supervise the sale and transfer of ownership. It includes the football club, the ground, the training ground, the BFC Hotel and the Travelodge. It is not technically an insolvency event and the decision about a points deduction would be made by the EFL. Most Blackpool fans would however see a 12 point deduction as small beer to get rid of the Oystons and their NAPM (Not a penny more) campaign has helped the cause immensely. Well done to them! It's not that important but I don't see what is not at all accurate in what the BBC report said, mikey.....you also say a receiver has been appointed and the EFL will make a decision about a points deduction (this could be up to 12 points I understand - or they might decide not to deduct any points I suppose) Also complicated by the fact that due to convictions for fraud etc Belokon has failed the fit and proper test set by the EFL to run a club so it is not as simple as transferring the club to his ownership unless the league back track.
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Post by mikeyboy on Feb 14, 2019 9:03:21 GMT
Not put into receivership Everard. Won a battle yesterday in the High Court for a Court Reciever to be appointed to supervise the payment of the debt from the Oystons not the football club. Belokon is not interested in ownership Ian - just a possible continued minority stake. His ‘conviction’ was for money laundering in Kazakhstan and is not recognised in European courts - only the EFL.
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