Blackpool Put Into Receivership (1 Viewer)

no_loyalty

Well-Known Member
Blackpool facing potential 12 point deduction for going into receivership.
 

letsallsingtogether

Well-Known Member
Bet their fans are over the moon.
Shame about points deduction that should be looked at not the fans fault they knew he was a bad un the EFL turned a blind eye to it all and then to rub salt in the wounds want to take points off them.

Up the Tangerines.
 

Grendel

Well-Known Member
Bet their fans are over the moon.
Shame about points deduction that should be looked at not the fans fault they knew he was a bad un the EFL turned a blind eye to it all and then to rub salt in the wounds want to take points off them.

Up the Tangerines.

But in the end the protest achieved nothing did it?
 

letsallsingtogether

Well-Known Member
But in the end the protest achieved nothing did it?
Looks like it did.
But ether way doing nothing definitely archives nothing.
Just happy that you get upset about us protesting against the only people you like.
 

Nick

Administrator
Didn't somebody they owed millions to call the debt in, which means as Blackpool is one of his assets was taken off him to go towards paying them back?
 

Grendel

Well-Known Member
Looks like it did.
But ether way doing nothing definitely archives nothing.
Just happy that you get upset about us protesting against the only people you like.

Who are the only people I like?

The only reason they have gone into receivership is because the minority investor doggedly followed actions through the courts and legal process

We need to always allow legal process to follow its course don’t we?
 

fernandopartridge

Well-Known Member
Looks like it did.
But ether way doing nothing definitely archives nothing.
Just happy that you get upset about us protesting against the only people you like.
You still don't get it. The main creditor of CCFC / Otium is Arvo. They, like last time, would have full control of an administration process. Different from Blackpool as they had big 3rd party debt.
 

Grendel

Well-Known Member
You still don't get it. The main creditor of CCFC / Otium is Arvo. They, like last time, would have full control of an administration process. Different from Blackpool as they had big 3rd party debt.

Why bother?
 

Nick

Administrator
Is that how it works? People do a protest and if something happens they just say it was all down to them?

Imagine the back pats.

It's the same as the people who protested about Sixfields saying the club came back due to them.
 

CanadianCCFC

Well-Known Member
Is that how it works? People do a protest and if something happens they just say it was all down to them?

Imagine the back pats.

It's the same as the people who protested about Sixfields saying the club came back due to them.
Ya not sure how the protests were responsible for oyston ending up owing someone 25 million pounds
 

chiefdave

Well-Known Member
Didn't somebody they owed millions to call the debt in, which means as Blackpool is one of his assets was taken off him to go towards paying them back?
Is the judgement against Oyston rather than the club? That would make more sense as I see people tweeting that Blackpool are in receivership.

Thought that usually meant they assets being sold off and the business being wound up as opposed to administration where the company is kept going to sell as a going concern. If its against Oyston himself then the club would be an asset to be sold intact.
 

Nick

Administrator
Is the judgement against Oyston rather than the club? That would make more sense as I see people tweeting that Blackpool are in receivership.

Thought that usually meant they assets being sold off and the business being wound up as opposed to administration where the company is kept going to sell as a going concern. If its against Oyston himself then the club would be an asset to be sold intact.

Yeah, it's him as a person rather than the club.

Court ruling set to bring Oyston’s Blackpool reign to an end

A High Court ruling has effectively brought the controversial reign of Owen Oyston at Blackpool Football Club, to an end after a receiver was appointed to force the owner to pay the £25m that he owes to former co-chairman Valeri Belokon.

Belokon’s lawyers successfully battled for a receiver to be put in place, who will facilitate the sale of Oyston’s assets, plus properties of Blackpool Football Club Ltd. The company formerly known as Segesta Ltd who own the club, Bloomfield Road and the club’s training ground.
 

Nick

Administrator
No it’s against the holding company that includes the football club

Stand to be corrected!

I assume it's Segesta Ltd that owed the other bloke all the money which is why they need to sell the assets to pay him back?
 

Grendel

Well-Known Member
Stand to be corrected!

I assume it's Segesta Ltd that owed the other bloke all the money which is why they need to sell the assets to pay him back?

The ruling looks the same as when Southampton were docked points - it’s not directly aimed at the club but the holding company. The FL will have to dock points or I’m sure will face objections from other clubs.
 

chiefdave

Well-Known Member
The ruling looks the same as when Southampton were docked points - it’s not directly aimed at the club but the holding company. The FL will have to dock points or I’m sure will face objections from other clubs.
Don't see how they could not if its the holding company, the precedent is already there with Southampton.
 

Liquid Gold

Well-Known Member
Glad for them to get rid of the vile prick. Hopefully they avoid the deduction as it isn't really their fault but I can see them losing some. Hopefully they end up with some decent owners. The less bad owners in football makes the game better for us all.

Big challenge to Blackpool now. They have to support their team in numbers and not just for a couple of games.
 

Covstu

Well-Known Member
Is that how it works? People do a protest and if something happens they just say it was all down to them?

Imagine the back pats.

It's the same as the people who protested about Sixfields saying the club came back due to them.
You could argue by starving the club of funds this got to this point a little quicker? Maybe grasping at straws I know!
 

fernandopartridge

Well-Known Member
Glad for them to get rid of the vile prick. Hopefully they avoid the deduction as it isn't really their fault but I can see them losing some. Hopefully they end up with some decent owners. The less bad owners in football makes the game better for us all.

Big challenge to Blackpool now. They have to support their team in numbers and not just for a couple of games.
What's to say Oyston or an associated company won't purchase the assets from the receiver? The claimant gets the proceeds.
 

fernandopartridge

Well-Known Member
Glad for them to get rid of the vile prick. Hopefully they avoid the deduction as it isn't really their fault but I can see them losing some. Hopefully they end up with some decent owners. The less bad owners in football makes the game better for us all.

Big challenge to Blackpool now. They have to support their team in numbers and not just for a couple of games.
What's to say Oyston or an associated company won't purchase the assets from the receiver? The claimant gets the proceeds.

Oh look, the receivers are those said by one of the Trust related cranks to be in league with SISU:
Paul Cooper and David Rubin, of David Rubin & Partners, issued a statement confirming they had been appointed as joint receivers to enforce the 2017 judgment obtained by Belokon’s company against Blackpool Football Club (Properties) Limited, Owen Oyston, Karl Oyston and Blackpool Football Club Limited.
Paul Cooper said in the statement: “David Rubin & Partners are only too aware of the history of Blackpool football club, the central part the club plays in the community and the emotions involved for those supporters dedicated to securing its future
 

skybluetony176

Well-Known Member
I hope that they don’t get deducted the points given that the EFL are comparable in allowing the situation happen in the first place.
 

Nick

Administrator


Ha, they want to move the season ticket holders into a different block.

Imagine when SISU go the frothers suggest that to the people who haven't been boycotting.
 

Terry Gibson's perm

Well-Known Member
I was listening to Simon Jordan and he said it may not be the good news they think as one person who could take them out of admin is a fan favourite Karl Oyston that would be a popular choice
 

Nick

Administrator
I was listening to Simon Jordan and he said it may not be the good news they think as one person who could take them out of admin is a fan favourite Karl Oyston that would be a popular choice

Imagine that.

"we have a new owner, everybody pack out the ground for the unveiling"

PA-26093235.jpg
 

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