- Associated Press - Monday, November 6, 2017

LONDON (AP) - A Latvian businessman has won a court case against the owners of English soccer team Blackpool over the running of the club following its promotion to the Premier League.

A judge ruled that the Oyston family had shown unfair prejudice against shareholders by excluding them from key decisions, information and share of profits.

Valeri Belokon, who runs a company - VB Football Assets - that is a minor shareholder in Blackpool, brought an action against the Oystons.

The judge said Monday that Blackpool must buy out VB Football Assets’ shares in the club. Britain’s Press Association valued them at 31.27 million pounds ($41 million).

Blackpool was promoted to the Premier League in 2010 for the first time and was relegated after one season. The team is now playing in England’s third tier.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide