Blackpool fans to launch takeover bid

Blackpool fans have made their feelings known in recent months
Blackpool fans have made their feelings known in recent months
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Blackpool fans are set to launch a sensational bid to buy the club.

After supporters made their feelings known against current chairman Karl Oyston again last weekend – staging a pitch invasion which forced the abandonment of the club’s final game in The Championship – 
Blackpool’s Supporters Trust (BST) has revealed it is working on a takeover.

As yet it’s not known which money-men are behind a move but BST described the potential offer as a ‘very serious’ one.

Trust chairman Steve Rowland said: “We are planning a serious bid which we expect to be treated with the respect it deserves.

“The bid involves people who have serious intentions of buying the club and will be something the Oystons will have to consider.

“We’ve been talking about this for months now but in the last few weeks the bid has become reality, we are hoping to be in a position to table the offer in June.”

Despite Karl Oyston saying his family will never sell the club, he’s always insisted he would listen to any offers made. It’s unsure exactly how much the club would cost, although the latest accounts suggest it has £31.9m in net assets – a potential starting point for negotiations on its value.

Any move to takeover the club is expected to be done in conjunction with club president Valeri Belokon who has held talks with BST in recent months.

Belokon, who bought 20 per cent of the Seasiders in 2006, recently expressed his dismay in the running of the club and said he was ready to step-in and buy out the Oyston family.

However, the 54-year-old explained back in February any deal would be difficult due to £27.3m of loans made from the club to Oyston-owned companies, which would have to either be paid back or written off.

BST’s Rowland added: “We can’t reveal any of the people involved in the bid at the moment, it remains at a delicate stage.

“However, it’s something which will be a public offer to the Oyston family and one which we are excited about.”

Owen Oyston bought the club in 1988, neither he or Karl Oyston were available to comment last night.

Despite numerous requests the pair have remained silent for months.