The High Court has granted an application to allow receivers to take control of Blackpool Football Club, according to reports from the Blackpool Gazette.
The Lancashire club have plummeted from the Premier League to the third tier of English football in just a matter of years under the Oyston family, who have been in ownership of the club since 1986, where they bought the club for just £1.
The attendances at Bloomfield Road have dropped massively in recent years, with a large majority of fans boycotting the club, and protesting against owner Owen Oyston.
The 85-year-old owns 24 properties including his 20 acre home at Lancaster and has shares in six companies, but reports have recently surfaced that a High Court bid to appoint a receiver to force Oyston to pay the £25million he still owes Valeri Belokon has been approved.
This subsequently means that Oyston will be ordered to sell his assets such as Blackpool Football Club and Bloomfield Road stadium, the club’s training ground.
This is likely to be a massive relief for Tangerine fans, who are still in with a shout of securing promotion to the Championship via the play-offs this season, with the club sitting eighth in the Sky Bet League One table, six points off the top six.
This is absolutely massive news for all concerned with Blackpool Football Club – years of controversy and fury look to be over.
It is sad to see a historic club like Blackpool suffer the way they have in recent years, a club of their size shouldn’t be in League One nor League Two, so it’s good that they secured promotion from the fourth tier a couple of years ago.
Hopefully fans will now start to return and the club can rise again, as the supporters really deserve it.
Thoughts? Let us know!