Paul Stewart consortium bid to buy Blackpool FC

[DJP]

Ex-England star Paul Stewart fronting Blackpool takeover to save crisis club

This is the bit that really caught my eye:

"Belokon accused them of illegally stripping the club of £26.77m after the Tangerines had spent the 2010-11 season in the Premier League. Karl Oyston, who was the club’s chairman, paid himself an annual salary of £11m that year."

 

[steve30000]

Ex-England star Paul Stewart fronting Blackpool takeover to save crisis club

This is the bit that really caught my eye:

"Belokon accused them of illegally stripping the club of £26.77m after the Tangerines had spent the 2010-11 season in the Premier League. Karl Oyston, who was the club’s chairman, paid himself an annual salary of £11m that year."

Basically took the opportunity to make himself a millionaire

 

[silva fox]

Not as bad as what's happening at the landfill though

 

[BigPete]

Not as bad as what's happening at the landfill though

I know poor sods

 

[viccarlton]

There are owners and there are owners, depends which version you end up with.

 

[Junior Birdman]

I wonder if their local MP gets a petition to bring this up at parliament?

 

[Geronimo]

Basically took the opportunity to make himself a millionaire

Was a millionaire before he bought Blackpool.

Didn't know he was born in Co Durham

 

[Junior Birdman]

Let's hope he makes Ashley an offer.

 

[gazc24]

I am shocked that a convicted rapist and his family would stoop as low as paying himself 11 million...... shocked

 

[wardleymackum]

Not as bad as what's happening at the landfill though

I know, imagine your owner giving you interest free loans to keep you afloat and to get the club back to the PL.

 

[Sneech]

I hope that the Blackpool fans recognise the terrible plight of their fellow supporters in Newcastle, and are giving Blackpool Sports Direct a good old shouting on their behalf.

 

[samsy]

Sure I read somewhere that Oyston is part of the EFL panel that conducts the fit and proper test for prospective owners. If that is true it just shows the site that football has got itself into. Can anyone shed any light on that or whether it's fake news.

 

[OldNewtown]

Sure I read somewhere that Oyston is part of the EFL panel that conducts the fit and proper test for prospective owners. If that is true it just shows the site that football has got itself into. Can anyone shed any light on that or whether it's fake news.

Found this article in The Guardian for background

That £11m salary and why Blackpool refuse to inflate players' wages | David Conn

Not sure how accurate it is but does provide some interestingly thoughts

I am sure there were more lurid articles about but if memory serves there were some legal actions

 

[Harbour Boy]

Sure I read somewhere that Oyston is part of the EFL panel that conducts the fit and proper test for prospective owners. If that is true it just shows the site that football has got itself into. Can anyone shed any light on that or whether it's fake news.

It’s true

 

[riffraff]

Sure I read somewhere that Oyston is part of the EFL panel that conducts the fit and proper test for prospective owners. If that is true it just shows the site that football has got itself into. Can anyone shed any light on that or whether it's fake news.

Absolute bollocks surely? The old mans banned because of the fitnproper tests.

 

[The Rat]

They really are the worst owners in Britain, feel for the fans

 

[Grumpy Old Man]

Found this article in The Guardian for background

That £11m salary and why Blackpool refuse to inflate players' wages | David Conn

Not sure how accurate it is but does provide some interestingly thoughts

I am sure there were more lurid articles about but if memory serves there were some legal actions

Conn's a reliable journalist, and, given the Oystons litigious personalities, you can be pretty sure The Guardian's lawyers will have crawled all over it as well.

 

[sarah_safc]

I am shocked that a convicted rapist and his family would stoop as low as paying himself 11 million...... shocked

It was the dad that was convicted not him.

 

[OldNewtown]

Conn's a reliable journalist, and, given the Oystons litigious personalities, you can be pretty sure The Guardian's lawyers will have crawled all over it as well.

Yes think some legal eagles will have been earning their corn
There does appear to be some confusion in the article as to whether this was salary, dividend or inter company transfer, relatively easy to check at Companies House but I thought a financial journalist would have done the groundwork. Of course if he is a sports journalist then fair enough but as you say given the litigious nature I would have thought that the facts would have been set in stone. It was for this reason that I wasn't tooo sure about the accuracy of the article

 

[millfield ftm]

Found this article in The Guardian for background

That £11m salary and why Blackpool refuse to inflate players' wages | David Conn

Not sure how accurate it is but does provide some interestingly thoughts

I am sure there were more lurid articles about but if memory serves there were some legal actions

If it's an article by David conn it will be spot on