[Terrier1987cas]

The Premier League argument IS valid. The only way for it not to be valid was if Oyston was't at the club & his intentions weren't known to all, neither of which is the case.

[theo_luddite]

Blackpool appear to be making healthy profits. The money being 'diverted' is being 'held' by the Parent/Holding company Segesta Limited, Registered Address: The Blackpool Football Ground, Bloomfield Road, Blackpool,FY1 6JJ. Seems familiar for some reason and is also mostly owned by the Oystons and was previously known as Blackpool Football Club [Properties] Limited.

Lots of clubs and companies have Parent/Holding companies and lots of them shuffle money backwards and forwards as allowed and maybe for tax and liability reasons.

Of course, football clubs, especially smaller one's like Blackpool (and Town) aren't supposed to make a profit. They are supposed to blow everything on the over inflated ego's known as players in order to fulfill the average fan's dream of winning the league. If the money spent isn't enough to get them high enough up the league then the board should jolly well dig deeper into their apparently bottomless pockets and spend even more. The Oyston's aren't doing this (anymore) so the fans are protesting. Both are entitled to do what they are doing in my opinion though getting a game abandoned has lost the Blackpool fans a lot of sympathy. Whether I agree with what they are both doing is another matter.

See also http://www.backhenrystreet.co.uk/thread-...UkJ2YvF-So

[ARTERRIER]

How do the Oystons justify the transfer of 37 million quid of the clubs money, its all smoke and mirrors. I find it hard to believe, even since 1988 when the family took over the club, that they've invested 37 million quid of their own brass in that 27 years. Where as they have clearly done nothing legally wrong, the club seem intent on antagonising the clubs fans at every available opportunity.

Theo, the fans are not asking them to 'dig deep' they just want the owners to spend the clubs own money ie 37 million earned from the Premier League campaign. 37 million is no good to a football club gathering dust in the bloody bank.

Snoots, I don't get this attitude that you have of being against 'all fans together', I'm a bit of a leftie myself and this is this kind if thing that appeals to me, we are all fans of the game, we all want the integrity of the game upheld and the integrity of clubs upheld, the integrity of the competition upheld.

Karl Oyston asked the fans to judge him on at the end of the season, they have and it doesn't make pretty reading, lowest points tally ever fir this league, no away wins and a paltry 4 wins. If the guy actually cared about the club he would have tried to keep the club in The Championship, the stats do not back that theory up.

[Lord Snooty]

I did sympathise with them.......right up until they came onto the pitch. Now.....fook 'em.

[theo_luddite]

Art - it doesn't take long to spend 30 odd million - just ask Deano. The Oyston's are consciously not spending most of it at the moment. Up to this season, when they've clearly been paying peanuts, their wage bill was still higher than ours. They haven't spirited the money out of the club, it's in the Parent Company and the Blackpool Football Club accounts where it is. Having run and owned Blackpool for so long it's doubtful they are about to do a runner now.

[SHEP_HTAFC]

Hearts, Rangers, Newcastle, Leeds.

Why should we sympathise? I don't understandall tthis fans together rubbish.

I agree with Rangers, Newcastle and L666s being run terribly....but not Hearts.
They were run badly, but not now. My old boss Ann Budge has transformed that club and they are now on a sound footing.
As for Blackpool, it has been a spectacular fall recently....however they should bask in the warm glow of being in the Premiership for a year.
Bradford fans have been doing that for years now.

[MNTerrier]

i dont remember too man clubs having sympathy for us when Rubery ran us into the ground and the stadium thief used us to subsidize the giants

[WakeyTerrier]

Two wrongs don't make a right.

Times are changing in the football world and fans aren't quite as thick as some chairman would suspect.

Nobody at Blackpool is demanding that they go blow all the profits (£9.5m 2013/14) on trying to get back to the Premier League but they do demand that the club is run in a professional way.
Can you honestly say that a keeper having to go grab a shirt that he'd just sign for a sponsor because the club didn't have a goalie shirt for him is professional?
Do you think ex players taking you to court (Charlie Adam) over unpaid bonuses is professional?
Do you think the President of the club accusing the owners of the club of not using the money in the correct way is professional?
Do you think it's right that £37m of Blackpool FC cash mainly earned from the Premiership and parachute payments is distributed out of the club on interest free loans is professional?
Do you think taking your own fans to court is professional?
Do you think calling your own fans things like 'retard' and 'f*cktard' is professional?
Do you threaten the supporters with prosecution because they want to voice a different opinion and call that professional?

Because by all accounts that is what's happening at Blackpool FC

[theo_luddite]

  Blackpool Accounts-00048409.pdf (Size: 599.99 KB / Downloads: 4)
  Segesta Accounts-01970661.pdf (Size: 936.49 KB / Downloads: 1)
Last accounts for Blackpool FC and Segesta are attached. Tell me how 37 million has been taken out of the club? All that's happened is they've chosen not to spend it on players. They run the club and the company that owns most of the shares in the club. It's their decision how to do it as long as what they are doing is legal. Like I said before, whether i agree with it or not is another matter.

[WakeyTerrier]

I'm not the brightest when it comes to looking at accounts but basically looking at them I can see that Blackpool FC have loaned £27,739,770 to Segesta Ltd...is that right Theo?

Now I'm not saying that's right or wrong but what I will say is I remember HTAFC having a 40% share in KSDL, Ken Davy came along and moved the 40% share into Huddersfield Sporting Pride which is a pretty similar scheme to the Segesta Ltd (looking from far outside) to help protect the club...and look how that went.


Or have I got the wrong end of the stick of rock hear?