The deal, in which Sadler is acting in an individual and personal capacity and not through a third-party company, also includes the club's training ground. I will ensure that the club is managed with the interests of all stakeholders in mind," Sadler said in a statement on the club's website. Meanwhile, executive chairman Michael Bolingbroke, managing director Ben Hatton and non-executive director Ian Currie will continue in their roles at the club "for the next few months".
The new ownership marks the end of a tumultuous period in Blackpool's history, which was heightened when ex-director Valeri Belokon successfully sued Oyston and his son Karl, the club's former chief executive. Belokon brought legal action after discovering that they had "asset-stripped" the Tangerines by paying themselves huge bonuses and salaries following the club's season in the Premier League in That ended Oyston's association with the club, a period during which a large section of supporters boycotted matches and held protests for several years over the family's running of the Lancashire club.
This is the news that Blackpool fans have been waiting for, not just since going in to receivership in February, but for a number of years. He was once viewed as a hero by the Tangerine army, saving them in their hour of need as Blackpool came close to the precipice. Simply put had the Oyston family been subject to the fit and proper persons test so often criticised by many in the game for a lack of stringency, even they would be turned away from the prospect of ownership of such a high-profile sporting institution.
The majority of that fine was paid via crowdfunding supplied by the wider football community such is the unpopularity of the Oystons with all fans across the game.
It is a very dark time to be a Blackpool supporter. Cast your mind back to the Premier League season. Read more. Topics Blackpool League One interviews. Reuse this content.
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