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Significant news from High Court on ownership of Blackpool leaves fans excited

Blackpool supporters have been left excited after discovering the news that the High Court has granted an application to allow receivers to take control of the League One side.

The receiver will force the Oystons to pay the £25million he still owes to Valeri Belokon and will told to sell ‘assets such as Blackpool Football Club, Bloomfield Road stadium, the club’s training ground’.

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A spokesperson for the EFL said: “The EFL notes today’s developments in regard to Blackpool Football Club following the hearing in the High Court.

“The matter will now be considered by the EFL board at the earliest opportunity (March 6 – next board meeting) and we will be seeking an early meeting with the receiver so as to ensure that the best interests of the club can be jointly considered against the context of our regulatory framework.

“There will be no further comment at this time.”

According to Bristol Live, there are rules by the league, which state that the appointment of a court receiver is viewed as an insolvency event in the same way administration is, meaning Blackpool could also be deducted 12 points.

The team currently have 47 points and sit 8th in League One but if the deduction does happen, it means they would fall to 16th place and 35 points, as it stands just two points more than Bristol Rovers, Oxford United and Gillingham in 19th, 20th and 21st (first relegation spot).

Bristol Live also state, “With the football club having the option to appeal any punishment by the FA, and the FA having the ability to hold the reduction until next season, reduce the sanction or remove it completely, this is a story that could well run on for a while.”

Following the news that the High Court has granted an application to allow receivers to take control of the League One side from Oyston, fans as well as protest group Tangerine Knights and Brett Ormerod gave their reaction – check out what they had to say on the next page.

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