There has been litigation between various parties involved with Blackpool FC, and the judgement has been published this week. It's a lengthy but interesting read at the link below.
https://www.judiciary.gov.uk/wp-cont...ckpoolfc-2.pdf
One paragraph in particular jumped out, which highlights just how awash with cash the EPL is:
Compared to the Championship, distributions to clubs participating in the Premier League are vast. During the course of the four seasons that Blackpool FC played in the Championship (2011-2012; 2012-2013; 2013-2014; 2015-2016), Blackpool FC received (for each season) £3,550,000. During its one season in the Premier League (2010-2011), Blackpool FC received £42,995,000, plus “parachute” payments intended to cushion difficulties clubs experience when demoted from the Premier League of:
i) £17,600,000 (2011-2012);
ii) £14,400,000 (2012-2013);
iii) £8,000,000 (2013-2014)
iv) £8,000,000 (2014-2015).
These payments (including the £42,995,000 received during the course of the 2010-2011 season) total £122,995,000.
Results 1 to 19 of 19
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07-11-2017 01:53 PM #1
Blackpool FC & the money in English football
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07-11-2017 01:55 PM #2
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Yup, parachute payments been in place for a good few years now.
It's designed to help teams when they get relegated pay wages etc I guess.
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07-11-2017 02:57 PM #3This quote is hidden because you are ignoring this member. Show Quote
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07-11-2017 04:05 PM #4This quote is hidden because you are ignoring this member. Show Quote
I wonder whether player contracts have a safeguard against relegation, meaning they are pay-protected should they be demoted. That would impact on the parachute payment.
Anyway, the stats show that in recent years, demoted teams usually don't reach the automatic promotion places and only around half reach the play-offs. There's a convincing argument that it's easier to get out of the Championship as a team that has built a squad over a few seasons and gradually improved, rather than a club that has fallen out the top-flight.
It's fascinating stuff - I think the Premier League has become more interesting with the rise of Spurs and the premise that it's not inconceivable that there are six teams who could win the title at the start of the season. Nevertheless, it feels like the Championship is genuinely more interesting. Might start watching it moreThere's only one thing better than a Hibs calendar and that's two Hibs calendars
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07-11-2017 05:27 PM #5
And the Oystons pocketed the lot hence the case brought by the minor share holder who also saw non of the money. The Oystons have been found guilty of unfair prejudice against the minor share holder. The case much to the delight of Blackpool fans has brought to the fore how badly the club has been run (there's some very interesting reading within the 130 odd page judgement), the court has ordered the Oystons to buy out Belokon for nearly £32 million. They dont have that kind of money lying around. The beginning of the end for the Oyston regime is close, the feeling amongst Blackpool fans hasnt been so excited since gaining promotion to the Premier league in 2010, which was certainly attained despite the Oystons not because of them and largely due to £5 million investment from Belokon.
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08-11-2017 01:58 PM #6
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08-11-2017 02:53 PM #7
The Oystons are that stubborn, it would not surprise me if they now ran the club right into the ground. I can see them selling the clubs name to whoever wants to buy it, and building houses on the land the ground stands on, leaving the club homeless.
Make no mistake, Karl Oyston is a nasty *******, and would love to hurt the fans even more than he already has.
That family has stripped the club of every last penny it took from the Premiership days, and parachute payments.
Belekon will have to wait to see his money thats for sure.
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08-11-2017 07:39 PM #8This quote is hidden because you are ignoring this member. Show Quote
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08-11-2017 08:53 PM #9This quote is hidden because you are ignoring this member. Show Quote
Then selling the homeless club, who'd need to find a home at say fylde or even fleetwood until they could find a site of their own, but how would they afford to buy it?
The Oystons are that nasty and mad, i wouldn't put that scenario past them.
Nobody knows how much is in Segesta or blackpool properties, or anywhere else he's laundered the dough.
What we do know is Karl declared himself bankrupt to stop his wife getting any money when he divorced, they are as slippery as a snake and i don't think this is the good news a lot of blackpool fans think.
I still think this has a long way to go before they if ever get their club back.
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08-11-2017 08:59 PM #10This quote is hidden because you are ignoring this member. Show Quote
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09-11-2017 05:18 AM #11
Hope everything gets sorted why the English FA have let that family do to one of there clubs is shocking
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09-11-2017 08:52 AM #12
Would you believe the appointed referee for Blackpools match on saturday is Ben Toner. ..... think about that for a second.
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09-11-2017 09:06 AM #13This quote is hidden because you are ignoring this member. Show Quote
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09-11-2017 10:25 AM #14This quote is hidden because you are ignoring this member. Show Quote
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10-11-2017 04:53 PM #16This quote is hidden because you are ignoring this member. Show Quote
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10-11-2017 05:01 PM #17
Just seen the clown Oystons have valued the club at £60millionthey really are greedy imbeciles! Makes me wonder what Hibs would be realistically valued at?
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10-11-2017 06:45 PM #19
I think in court it came out that the perceived value of the football club was 5.5 million. The value of Blackpool of properties (both club and properties have been put up for sale) would include the ground (and earning potential from office space hired out, mostly to the NHS in similar deal to Hibs have), the hotel on the ground (which run by the Oystons runs at a loss), the travel lodge across the road and the training ground at Squires Gate which is simply a couple of pitches and a wooden hut. Its worth nothing like 60m but its the Oystons we're talking about here. In their own little bubble they will be thinking that they can make enough to pay Belokon his 32M which with costs and interest is more like 40M and still make some sort of money out of the sale for themselves. They are notorious for over valuing their own assets, whats happening to them is pure Karma.
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