Football Trade Directory

Blackpool director refuses to consider a takeover approach


Blackpool have had to reject an proposal from a consortium to take over the club after one of the club's directors refused to discuss it.

The club today released a statement detailing an approach from a consortium about buying the club from current owners the Oyston family.

In the statement, it says that club chairman Karl Oyston 'attempted to engage with the other Board members to consider this offer'.

However, one of the club's board members, Valeri Belokon, has refused to discuss any potential sale of the club

"The Board was saddened at Mr Belokon’s failure to engage," the statement continued, "particularly bearing in mind that Mr Belokon has given several indications through the media that he wished to make an offer for Blackpool Football Club himself, but has not done so to date."

"Karl Oyston attempted to convene a formal Board meeting to consider this offer. That Board Meeting took place yesterday. Mr Belokon however declined again to engage in these urgent discussions and did not take any part in the Board Meeting, leaving it to his representative Mr Kaspars Varpins." 

"Mr Kaspars Varpins, on behalf of Mr Belokon, whose proxy he held, abstained from voting with the other Directors to take the offer further in a positive way."

"As a result of the failure to engage in meaningful discussions and gain the support of all directors and shareholders, the Board has come to the view that it would be impractical to continue any further negotiations with the third party bidder. It has therefore now withdrawn from the proposed transaction."

"Mr Belokon has not attended a Board Meeting for over two years, last attending in March 2013. This makes it exceptionally difficult for the Board to engage in any collective decision making, as demonstrated by the inability of the Board to progress this third party offer."

"It is vital that the Club, having now refused this offer, quickly concentrates on the recruitment of coaching and playing staff in readiness for the forthcoming season. The Club will also now progress the fans’ parliament representative to a stage where there is an active supporters’ representative at Board Meetings."

Blackpool are currently without a manager after Lee Clark left the club following their relegation from the Championship this season. Fans have held several protests over the ownership of the club in recent months, including occupying the pitch at Bloomfield Road on the final game of the season.

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