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

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

https://bbc.in/2GoOr32

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.

The Oystons were 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.

According to EFL regulations, any club that becomes subject to an insolvency event, including the appointment of a receiver, could be deducted 12 points.

Oyston claimed last year that Latvian businessman Belokon had refused the opportunity to take over Blackpool for £5m.

More to follow.

Soccer News

via BBC Sport – Football https://bbc.in/OHg7x6

February 13, 2019 at 09:39AM

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