Fans reveal £23m Pool takeover plans

BST chairman Steve Rowland and spokesperson Christine Seddon at the launch
BST chairman Steve Rowland and spokesperson Christine Seddon at the launch
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Blackpool Supporters Trust have today made a “substantive and serious” offer worth £23 to buy Blackpool FC.

Much has been said about the potential fan takeover bid since The Gazette revealed BST’s plans almost four months ago.

And after weeks of drawing up their proposals, the fans’ group officially delivered their bid this morning.

BST’s offer involved handing back a number of assets, including Travel Lodge land near the stadium for £6.5m, while writing off a further £3m in outstanding loans handed to Oyston-owned businesses.

The bid would also see £4.7m from club accounts returned to the Oyston family, although no fresh money would be involved in the deal.

Steve Rowland, chairman of BST, said: “BST’s bid to buy Blackpool FC from the Oyston family is a serious and substantive proposal, which we expect to be taken seriously by the owners.

“The only serious option to improve the prospects of the club requires the Oystons to relinquish control of, and indeed any association with, Blackpool FC.

“There is nothing that the supporters are more serious about than the safeguarding of the football club.

“Therefore, at our members’ request, BST has devised a bid, the details of which will become clear on Tuesday morning, that we believe offers the Oystons an honourable and financially sound exit strategy from Blackpool FC.

“We are taking a credible stand for much-needed change at the club and it is an offer that, if accepted, will help to bring one of the darkest chapters in the club’s history to a close.”

BST have set a deadline of July 21 for a response from the Oyston family.

Full details to follow.