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​Belokon wins High Court battle over Blackpool ownership

Businessman Valeri Belokon has won a high court battle against Oyston family over the running of League One club Blackpool.

Belokon's company, VB Football Assets, brought an action against the actions of the Oyston's as well as their companies, claiming that they had been unfair with shareholders.

Lawyers from VB Football complained that Mr Belokon and the directors who he nominated were excluded from key decisions and share of profits.

Owen Oyston and his son Karl had denied the accusations earlier during the year during a lengthy Civil trial in London before Mr Justice Marcus Smith. They claimed that all financial transactions had been conducted fairly and transparently.

As a result of the latest actions, Blackpool will have to purchase the interests of CV football for a fee of around £31.27 million. Considering the poor fortunes that Blackpool have had over recent years, this will be a further cause of frustration to fans.

About the author

Eshlin Vedan

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