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Belokon: Blackpool not unsettled by Oyston resignation

Blackpool president Valery Belokon insists Karl Oyston's resignation has not unsettled the club.

Oyston resigned as chairman last week.

Belokon told a Russian newspaper: "The financial situation at Blackpool is one of the most stable in England. Many other clubs can only envy us.

"Last year, including bonuses, our budget was about £10m, but this season it is going to be much bigger because to play in the Premier League we need much more money.

"I am a businessman and return on invested money is very important for me. And the effectiveness of investments into our club is currently one of the highest in England."

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