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Premier League summon Blackpool FC to explain role of bankrupt acting-CEO

Fri 17th Sep 2010 | Clubs Ownership

Blackpool Football Club have been summoned by the Premier League to clarify acting chief executive Karl Oyston's role at the club after it was revealed he had been declared bankrupt.

Under the Premier League's Owners' and Directors' rules a person made bankrupt is barred from holding the position of chairman or director.

Insolvency records show he was made bankrupt on 18 August, the day he stepped down as the club's chairman.

"We are going to be in touch with the club," a league spokesman told the BBC.

"We want to clarify the bankruptcy and his position at Blackpool," added the Premier League spokesman.

A Blackpool spokesman said the club would not comment on the matter but the club's website lists him as a member of the Blackpool board.

The 43-year-old Oyston will be automatically discharged from bankruptcy on 18 August 2011, according to the Individual Insolvency Register.

Oyston took over as chairman of the Seasiders in 1999 from his mother, Vicki, who succeeded her husband, multi-millionaire Owen, who was jailed for six years in 1996 after he was convicted of raping a teenage girl.

When Oyston resigned as chairman on 18 August the club said he was to stay on as acting chief executive until the end of the season or until a replacement was found.




If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk



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