Blackpool chairman Karl Oyston resigns
Thu 19th Aug 2010 | Football Club Administration
Blackpool have announced that Karl Oyston has resigned as chairman and a director of the newly promoted Premier League club with immediate effect.
Oyston will stay on as acting chief executive until the end of the season or until a replacement is found.
The club emphasised that his departure would not affect player recruitment or the upgrade of Bloomfield Road.
Oyston, 43, has previously admitted to being disillusioned with player agents' influence in the Premier League.
He revealed earlier in August that he had told the club's board that he would resign if they disagreed with his approach to the club's return to the top flight.
This is great news as he was clearly out of his depth in the Premier League.
Oyston has been determined to keep the Seasiders' spending under control after they overcame Cardiff in the Championship play-off final and is reported to have imposed a £10,000-a-week wage limit on the squad.
Even in the aftermath of his team's 4-0 win away at Wigan in their opening league game on Saturday, Oyston insisted that his offer to stand down was still there.
"I expected the way people behaved to be different and I have been very disappointed in the way some agents have conducted themselves," he told the Independent newspaper.
"The more I talk to other Premier League clubs the more I realise I am a lone voice."
Despite the allure of top-flight football, manager Ian Holloway has found it hard to attract some of his targets to the club under Oyston's financial restrictions.
Striker DJ Campbell, whose goals saw off Nottingham Forest in the play-off semi-final, returned to Leicester at the end of his loan spell, while free agent Robert Koren opted to move to Hull.
The club have however signed Craig Cathcart, Marlon Harewood, Elliot Grandin, Malaury Martin, Ludovic Sylvestre, Chris Basham and Dekel Keinan.
Oyston's father, Owen, remains as majority shareholder at the club.
- SUBSCRIBE TO THE F.C. BUSINESS RSS FEED
- BECOME A FAN OF F.C. BUSINESS ON FACEBOOK
- FOLLOW OUR TWEETS ON TWITTER
- LINKED IN TO FOOTBALL INDUSTRY PROFESSIONALS
Fri 19th Feb 2016 | Football Club Administration
Bolton Wanderers have today confirmed the sale of its Euxton training ground to ‘another North West football club’. The Championship club have debts totalling £172.9m and are...
Fri 11th Dec 2015 | Football Club Administration
Northampton Town Football Club has confirmed that the application for administration has been officially withdrawn. Legal agreements had been reached this week between the club and Northampton Borough...
Thu 10th Dec 2015 | Football Club Administration
Bolton Wanderers have been handed a winding up petition by HMRC it’s been confirmed. The club, who are currently bottom of the SkyBet Championship, have debts of over £170m and have failed...