Blackpool Football Club has announced tonight Sam Oyston has left his role as chief executive.
In a statement, the club said: "Blackpool Football Club can confirm that Sam Oyston will no longer hold the position of chief executive.
"The news follows an internal restructure in recent weeks, which has resulted in changes at board level."
He lasted just 28 days in the job, having been appointed to the role on January 16 following the removal of former CEO Alex Cowdy.
The news of Sam's appointment was met with disbelief from Blackpool fans who are determined to see the Oystons sell the club.
Sam, the son of Karl, has been heavily involved with the recent round of redundancies at the club, having been given the responsibility of sending out letters to those staff affected and holding meetings.
Despite being diagnosed with a long-term illness last year, The Gazette was told it has not and will not affect any of his duties.
In June of last year, the club took the unusual step of issuing a statement regarding Sam's illness through Valeri Belokon, who at the time was involved in a bitter court case with the Oystons.
It comes after Karl was sacked as club chairman two weeks ago.
Owen's daughter Natalie has since been appointed chairwoman.