Valeri Belokon has broken his silence over the mess at Championship club Blackpool.
The Blackpool president, who owns 20 per cent of the club, has had enough of the Oyston family.
Belokon, 54, announced he has opened legal proceedings against owner Owen Oyston and his son, chairman Karl, over unpaid loans and could lodge a bid to buy the club. He has sounded out a wealthy local investor who wants to partner him if, crucially, the Oystons included the stadium and properties in any deal.
"I wouldn't be able to do it alone but I'm ready to be a partner. They need to be local. I have to be able to believe in them now I've had this experience with the Oyston family," he told the Mail on Sunday. "Given Karl's addictiveness to money, it won't be easy in the short term.
"It would be fair if they told the fans "we love money more than the club and help us sell". Karl doesn't care what league Blackpool play in."
He added: "Soon it will be a point of no return. We asked our lawyers to start requesting a breakdown of the financial information not shown in the accounts over the last five years we are entitled to. It's a letter before action. They have basically ignored us before now.
"I thought I was investing in a club and I feel as if I've invested in the Oyston family. We voted against the £11million salary from the parachute money and some other payments. They paid no attention. The only reason Owen would have a salary was for bringing me to the club."
