Blackpool Football Club owner Owen Oyston has been warned by the High Court to pay up his remaining £25m debt and stop disobeying court orders. READ MORE: New director appointed to Owen Oyston's company that owns majority of shares in Blackpool FCOwen Oyston was ordered to pay £31.27m to former club director Valeri Belokon, a Latvian millionaire, after a trial last November.At the latest hearing today at London’s High Court the same judge, Mr Justice Marcus Smith ruled in favour of Mr Belokon’s company VB Football Assets’ (VBVA) application and held that it was now time to "buttress" the court's decisions with a penal notice.About 30 Blackpool supporters were in court to hear what happened in the latest round of the long-running saga.Oyston was not present but it is understood Jonathan Disley was in attendance.The court was told that Oyston has failed to hand over documentation of some properties and shares he owns to Belokon's solicitors so that they can be … [Read more...] about Oyston/Belokon saga: Blackpool FC owner warned to stop disobeying court orders in latest hearing
The unremitting legal battle between Owen Oyston and Valeri Belokon reminds me of a badly beaten corpse dragged through the streets. Said carcass will be flung back into the public consciousness next week as the legal wrangle returns to the High Court on Wednesday.As if the owner of Blackpool FC hasn’t had long enough to pay off his debt, Belokon’s lawyers will be desperately attempting to find a way to force Oyston to stump up the cash.This latest hearing will mark 352 days since last November’s High Court ruling, when the Oyston family were condemned for asset stripping the football club which they had used as their “personal cash machine”.Justine Marcus Smith slapped a £31.27m fine on their heads for their misdemeanours. At that point, it seemed unfathomable that Oyston would remain in charge 12 months later.But this is Oyston we’re talking about, a man taking an “over my dead body” approach to walking away from the club.As his … [Read more...] about OPINION: Another chapter in Blackpool FC’s ownership story
A new director has been appointed to Blackpool Football Club (Properties) Limited - Owen Oyston's company that owns the majority of shares in Blackpool Football Club. READ MORE: What do we know about the latest Blackpool FC court hearing between Owen Oyston and Valeri Belokon?According to documents released by Companies House this morning, 84-year-old Clive Brooks was appointed to the role on Wednesday.Blackpool Football Club (Properties) Limited is the company formerly known as Segesta.Brooks has also been appointed director of Natfarm Limited, another company owned by Oyston.His only other appointment is director of Property Management Admin Services Limited, a private company based in Blackpool that manages real estate.Brooks, thought to be a former builder, was previously involved with Queens Square Developments Limited and Queens Square Night Club Limited.Both companies have links to Oyston and are registered to the football club's address. Brooks left both roles in 2011.The news … [Read more...] about New director appointed to Owen Oyston’s company that owns majority of shares in Blackpool FC
The latest in the long-running saga between Blackpool FC owner Owen Oyston and Valeri Belokon is due to be heard in the courts next week. READ MORE: Owen Oyston's properties and shares ordered to be sold by High Court judgeThis will be the first hearing since June 21, with little progress being made in Oyston paying off his remaining £25m debt to the Latvian.The hearing will take place at the Rolls Building in London on Wednesday, with an exact time still to be confirmed.In the High Court last November, the Oystons were ordered to buy out Belokon for £31.27m after it was found they had illegitimately stripped the club of cash following the club’s promotion to the Premier League in 2010.Justice Marcus Smith found then that the Oystons had unfairly prejudiced the club’s former director, who accused them of “improperly” extracting tens of millions of pounds from the club.The judge found in his favour and the club was put up for sale four days later.What … [Read more...] about What do we know about the latest Blackpool FC court hearing between Owen Oyston and Valeri Belokon?
In this morally ambiguous 21st century world, awash with DIY-propaganda, false narratives and multiple versions of the truth, how is an ordinary Joe – or Josephine – expected to be able to sift the fake from the real? Some clever academic claimed the other day that such a distinction isn’t even possible anymore, that there is no such thing as ‘truth’, only ‘output’.The best chance anyone – football fan, voter, potential investor in a business – has of ‘getting it right’ is to make as informed an assessment of the ‘output’ as possible, to evaluate whether things really stack up.For example, when Owen Oyston says his dream and intention is to take Blackpool FC back to the Premier League, consider this: if he achieves that aim, he will then have to sell his stake in the club.As someone convicted of rape he is not allowed under the Premier League’s statutes to own a football club. He was instructed to … [Read more...] about BST column: Putting Blackpool FC’s new chairwoman under scrutiny