MX23RW : Friday, March 29 15:23:05| >> :60:683:683:

Blackpool receive almost 60 takeover offers

Blackpool receive almost 60 takeover offers
© Reuters
The receivers are satisfied the club is fit for sale.

The receivers appointed to run Blackpool have appointed financial services company Hilco Global to assess almost 60 different offers for the League One club.

Bringing in Hilco is the next step in the process which started when the High Court took the club from former owner Owen Oyston in February and gave it to joint receivers Paul Cooper and David Rubin to oversee its sale.

Press Association Sport understands the receivers now have a full picture of the club's financial position and are satisfied it is fit for sale.

In a short statement, they said: "Paul Cooper and David Rubin have today instructed Hilco Global, a leading independent international financial services company to assist in the sale and marketing of the club and related football assets."

The news will be welcomed by Blackpool fans as further evidence that the club is moving forward after years of strife under the Oyston family's ownership.

It also comes a day after the English Football League announced that its board will meet on April 11 to discuss if Blackpool should be docked any points for experiencing what is known as an "insolvency event".

Deductions of up to 12 points are made when clubs seek legal protection from unpaid creditors, such as HM Revenue and Customs, and the appointment of receivers at Blackpool to force the settlement of Oyston's £25million debt to the club's former president Valeri Belokon could be viewed in this light.

But the situation at Bloomfield Road is not as clear-cut as in other cases, as the debt is the Oyston family's, not the club's.

It is also understood the receivers have presented the league with evidence that shows Blackpool are fundamentally solvent and their finances will only improve now that fans are no longer boycotting games to force Oyston out.

In a statement issued on Thursday, the club said: "We remain confident the financial information and projections submitted to the EFL show the club is self-sufficient. The club now awaits the decision of the EFL Board and is hopeful of a positive conclusion to the matter."

Blackpool are currently in eighth place, four points off the play-offs, with seven games to play. A 12-point deduction would leave them in 16th place, two clear of the relegation zone.


Click here for more stories about Blackpool

Share this article now:
Accrington Stanley manager John Coleman pictured in January 2019
Read Next:
Coleman unhappy after goalkeeper sent off for throwing bottle back into crowd
>

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel
Tables
TeamPWDLFAGDPTS
1Liverpool31237170185276
2Manchester CityMan City30242479215874
3Tottenham HotspurSpurs30201957322561
4Arsenal30186663392460
5Manchester UnitedMan Utd30177658401858
6Chelsea30176750331757
7Wolverhampton WanderersWolves30128103836244
8Watford30127114244-243
9West Ham UnitedWest Ham31126134146-542
10Leicester CityLeicester31125144043-341
11Everton31117134342140
12Bournemouth31115154356-1338
13Newcastle UnitedNewcastle3198143140-935
14Crystal Palace3096153641-533
15Brighton & Hove AlbionBrighton2996143242-1033
16Southampton3079143450-1630
17Burnley3186173559-2430
18Cardiff CityCardiff3084182757-3028
19Fulham3145222970-4117
20Huddersfield TownHuddersfield3135231857-3914

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel
Login, I already have my ad-free pass
Log in to customise Sports Mole
Buy ad-free access (show me the options)
Buy monthly ad-free access for £1.20/month
Buy yearly ad-free access for £12 (2 months free)
Settings - Logout - Manage your account
Settings - Logout - Manage your account