Blackpool FC & the Oystons - £31m repayment ordered

Discussion in 'General football forum' started by Prestwich_Blue, 6 Nov 2017.

  1. denislawsbackheel

    denislawsbackheel

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    Joey Barton suing them for the money he had to pay when they sued him for saying just what the courts decided.
     
  2. KS55

    KS55

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    Directors have a legal fiduciary duty to act in the interest of shareholders. Taking money out to prop up your other enterprises breaks that duty and shareholders can Sue for the breach. Oyston entered it in the books as salary, but the judge dismissed that as fake.
    Not the same as the scum, the whole family are directors and unlikely to sue each other. Besides, Glazers will have been careful to justify dividends and salaries. On the other hand, it might just raise eyebrows on the N Y S E, where they have been selling shares.
     
  3. remember arthur mann

    remember arthur mann

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  4. cptaidan88

    cptaidan88

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    Blackpool have released a statement confirming the club is up for sale.

    Obviously a buyer will have to be found, but this is a victory for the supporters (who might actually return now)
     
  5. Clevers

    Clevers

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  6. Thekinkygoat

    Thekinkygoat

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  7. Vienna_70

    Vienna_70

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  8. ancoats

    ancoats

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    so the debt will be sold with the club sounds about right

    blackpool are going to be in a right mess and even they find new owners the club have no chance the damage as been done and i feel its going to end only one way the fans have been messed about and even took to court it makes the peter swales and man city board at the time saints
     
  9. decmancity

    decmancity

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    I better not write out what I want too incase they come after me but this is great news. I wonder if Belokon will perhaps look at stepping back in, putting the money up against the club and the sum being paid off as Blackpool sort themselves out and maybe even get back up the leagues.
     
  10. quiet_riot

    quiet_riot

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