Cardiff City Stadium

Next Game

Cardiff v Blackpool

Saturday, 25 April 2015, 15:00

Sky Bet Ch'ship

Bloomfield Road

Last Game

Blackpool 0 - 1 Fulham

Saturday, 18 April 2015, 15:00

Sky Bet Ch'ship

Oyston hits back at Belokon

Blackpool chairman Karl Oyston has posted a passionate response on the club website responding to recent criticism from the club president, Valeri Belokon.

Last Updated: 29/07/14 at 14:30 Post Comment

Karl Oyston: Vigorous defence of his position

Karl Oyston: Vigorous defence of his position

Belokon wrote an open letter to the Oyston family in a national newspaper, in which he outlined his 'increasing concerns' and demanded their Premier League parachute payments were used to fund new signings.

Now Oyston has hit back, insisting that the club are 'debt-free' and in 'the best possible hands', vigorously defending his family's running of the club in recent years.

Oyston claims that Belokon asked to be bought out of his 20% share 12 months ago for £24m, three-times the original value, and he also said that Belokon asked for dividends on his shares. Oyston maintains neither he nor his father have ever taken any dividends during their time at the club.

Responding to other Belokon criticisms, Oyston said that the ‘£24m channelled away’ from the club went to companies that had loaned the club money to revamp the stadium, Oyston family businesses that took no interest or profit on the loans. 

Sky Sports News reporter Fraser Dainton said: "It's quite explosive stuff really, it's a letter in response to the Latvian businessman and club president Valeri Belokon who has a 20% stake in the club. He criticised the Oyston family and the way they were running the club over the weekend.

"He said they were taking too much money out of the club and not putting enough money into the playing staff. He wanted to see the Premier League parachute payments being on the playing staff and he used the phrase 'put football first'.

"The main points in the reply are that Oyston says in the last 12 months Belokon asked to be bought out of his 20% share for a value of £24m and would have received a large profit as a result of that. He asks 'If you were to take that amount of money out of Blackpool, how is that putting football first?'

"He then says that Belokon has asked for dividends on his shares over the years and Oyston has responded by saying that his father, who is the majority shareholder in the club, never took any dividends on his shares and Karl Oyston says that he has resisted taking dividends on his shares over the past 27 years.

"Oyston finished off by saying that Blackpool is in a unique position, debt-free and cash rich. Many of our competition will suffer the ravages of the transfer embargo as early as January 2015 when they fall foul of the financial fair play regulations. The club is in the best possible hands and we are in this for the long term."

Blackpool struggled to fulfil their pre-season commitments as they had only eight players on their books, but they secured the services of three new faces on Monday, in the shape of Jacob Mellis, Tomasz Cywka and Peter Clarke.

They open their Sky Bet Championship campaign at Nottingham Forest on August 9. 

Related News

Most Commented

Readers' Comments

I

f Klopp is available and willing to go there, they have to sign him up. Far better manager than Rodgers. The reason Liverpool fail in so many big games is the inflexible nature of their manager and his inability to find strikers who fit into his inflexible style of play. A feature of nearly every game that the team comes up short is the way the opposition midfield appears to overpower them. It's too easy.

Gab1965
Make Way For A Proper Genius, Brendan

B

est player award should not go to a player who's second best at all the importent categories (i.e goals, assists etc) just because his team is at the top. If you are not first you are last; if you're second you are the first loser ( looking at you Hazard). David De Gea for POTY.

mrbigstuff
Chelsea Not Worthy? Oh Please Stop It...

Y

ou can win five in a row or lose five in a row... Or in Carver's case you can win one in a row or lose five in a row.

black_waltz
Carver: I'm up to the job

Footer 365

Tom Cleverley credits Tim Sherwood for turning around Villa's fortunes

Tom Cleverley says Aston Villa have been transformed by Tim Sherwood's attacking mentality.

Tottenham move perfect for me, says Dele Alli

Dele Alli is looking forward to getting his Tottenham career started and feels it will be good for him to work under Mauricio Pochettino.

Robin van Persie plays first game in nine weeks for Man Utd

Manchester United striker Robin van Persie got an hour's play under his belt on Monday in his first game since February.

Mail Box

Klopp Over Rodgers? Not On Your Nelly

Liverpool fans have short memories and should give Rodgers more time, while Jose's tactics and claims are getting many more in a stew. It's the afternoon Mailbox...

Thank You And Goodbye, Mr Rodgers

The genius of Tactics Tim, time is up for Rodgers, the curious case of Eric Lamela, and the flaws of tactical voting - today's Mailbox is bursting at the seams...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company