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GJJW Posted on 12/02/2019 07:09
EFL awaiting ‘full details’ of court receivership
 
EFL awaiting ‘full details’ of court receivership before commenting on possibility of Blackpool FC being deducted 12 points

The EFL has told The Gazette it is unable to comment on speculation surrounding a potential 12-point deduction for Blackpool FC until it’s in receipt of the “full details”.
It comes just a day before Owen Oyston and Valeri Belokon are set to renew battle in the High Court, a hearing which is likely to have huge ramifications for the football club.
Belokon’s application to have a court receiver appointed to recoup the £25m he is still owed by Oyston will be heard on Wednesday.
The Latvian’s lawyers Clifford Chance, who it is understood have already identified a receiver, are considering going down this route to bring an end to the recent impasse.
The hearing will be heard at the Rolls Building in London in front of Justice Marcus Smith.
A court receiver could be brought in to discharge the assets of Owen and Karl Oyston as well as Segesta – which owns Blackpool FC, the stadium, the training ground as well as the Travelodge and Quernmore Hall.
If approved by the judge, this would be an unprecedented move in English football. It would involve a lot of uncertainty – and the potential threat of a 12-point deduction by the EFL.
This is because under EFL rules, the appointment of a court receiver is deemed ‘an insolvency event’ in the same way administration is.
When asked by The Gazette if a 12-point deduction is likely to apply in Blackpool’s case, a spokesperson for the EFL said: “The position on this matter is until the EFL receives full details, we are not in a position to comment.”
The EFL instead referred The Gazette to the relevant rules regarding insolvency, which states: “If any club becomes subject to or suffers an insolvency event, that club shall be deducted 12 points.”
In Blackpool’s case, an “insolvency event” is likely to refer to a “receiver appointed by the court under the Supreme Court Act 1981 or any other receiver is appointed over any assets which, in the opinion of the board, is material to the club’s ability to fulfil its obligations as a member club.”
There will be many that argue the deduction should not apply as the receiver will be appointed to Segesta and not Blackpool FC.
The club would be permitted to appeal the deduction, were it to be applied, with the EFL holding the power to either set it aside, reduce it or remove the sanction completely.
The appeal must be lodged no later than seven days after the notice had been served.
The EFL introduced the points deduction rule in 2004 as a means of deterring clubs from overspending.
As this is not the case for Blackpool, where a unique set of circumstances have unfolded, there is some suggestion the EFL should look to suspend the points deduction for 12 months.
Were Blackpool to enter receivership after Thursday, March 28, the points deduction would apply to next season. If the receiver was appointed prior to that date, the deduction would apply for this season.
As it stands, a 12-point deduction would put Blackpool on 34 points, a point clear of the relegation zone.
Were the deduction not to apply, the Seasiders would still have a good chance of reaching the top six as they currently stand just four points short of the top four.
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Don_K_Lasher Posted on 12/02/2019 07:34

EFL awaiting ‘full details’ of court receivership
It sounds like they are waiting until after Wednesday to hit us with the inevitable sting.

However, there is a line of hope in there saying that the decision could be appealed.

PR1 8HU could get a little busy!
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Zico_Bamber Posted on 12/02/2019 07:39

EFL awaiting ‘full details’ of court receivership
Who at the club would appeal it?
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GJJW Posted on 12/02/2019 07:48

EFL awaiting ‘full details’ of court receivership
I'd guess that the receiver may appeal it backed by CC. I know it's being looked into.
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scratchingshed Posted on 12/02/2019 07:52

EFL awaiting ‘full details’ of court receivership
Well at least the EFL are finally going to get off their fat ar*es and finally do something after all these years.

Pity it’s going to punish the supporters yet again. [V]



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aviewfromthebridge Posted on 12/02/2019 08:01

EFL awaiting ‘full details’ of court receivership
What a child like view of football rules.
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seecider Posted on 12/02/2019 08:05

EFL awaiting ‘full details’ of court receivership
Says the 12 year old in charge of the username this morning.
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PoolBorn Posted on 12/02/2019 08:12
Edited On: 12/02/2019 08:14
EFL awaiting ‘full details’ of court receivership
There is absolutely nothing in this article.

The EFL saying let's wait and see the judgement (assuming there is one). What else would you expect them to say?

Then a load or regurgitated journalese.
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Matt_BFC Posted on 12/02/2019 09:00

EFL awaiting ‘full details’ of court receivership
If the EFL were to implement a 12 point deduction it’d show them for the spineless, inept organisation they are. Throughout the Oyston debacle their silence has been deafening except when to defend him as a legitimate owner despite evidence to the contrary suggesting he may not even meet their criteria.

Then they may finally turn up to slap on a 12 point deduction when something happens that may finally signal the end of the Oystons reign. These rules were put in place to prevent clubs recklessly overspending which isn’t the case here (unless we’re talking about £ £11m directors salaries and expenditure on bison feed).

I fully expect whatever the EFL do it’ll be of no help to us whatsoever .
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juniorbents_platformshoes Posted on 12/02/2019 09:03

EFL awaiting ‘full details’ of court receivership
'What a child like view of football rules.'

Hmm, says the man with the spoilt brat views on how to treat others, live life etc.

Get back in your shed, cretin.
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NAPM46 Posted on 12/02/2019 09:13

EFL awaiting ‘full details’ of court receivership
DKL, not only PR1 8HU will be busy. Not sure of the postcode in Lytham, but sure MM can point the way!
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fcblackpool Posted on 12/02/2019 09:20

EFL awaiting ‘full details’ of court receivership
EFL won't comment on the result of events that haven't, or may not happen yet shocker.

We also ask Terry McPhillips on his potential reaction to the Sunderland game taking place later today(more pg96)...
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angelbfc Posted on 12/02/2019 09:52

EFL awaiting ‘full details’ of court receivership
If Belokon offers to guarantee the club financial stability during the recievership period then this should avoid the 12 point deduction.

Belokon has the ability to fulfil the clubs obligations in the interim

He will have to liase with the EFL and the Reciever
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martonmosser Posted on 12/02/2019 11:07

EFL awaiting ‘full details’ of court receivership
NAPM46 [;)]
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tangerinenick Posted on 12/02/2019 12:23

EFL awaiting ‘full details’ of court receivership
Koko be honest are you ashamed of your father?
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Tony_Green_71 Posted on 12/02/2019 12:28

EFL awaiting ‘full details’ of court receivership
Oystons do not understand the concept of shame.

They only deal in greed, arrogance and spite.
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BRR2 Posted on 12/02/2019 15:01

EFL awaiting ‘full details’ of court receivership
I'm one of the EFL's biggest critics, but I don't see how they can say anything else.
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insider Posted on 12/02/2019 15:34
Edited On: 12/02/2019 15:37
EFL awaiting ‘full details’ of court receivership
A bit of Wiki on the subject

Link: Wiki
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davepick1 Posted on 12/02/2019 15:48

EFL awaiting ‘full details’ of court receivership
Interesting first lines in that.
'In the United Kingdom football clubs sometimes choose to go into Administration when they are unable to pay outstanding debts.....'
Is it the case that OO is 'unable to pay' or is he just being obstinate?
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roadchef Posted on 12/02/2019 17:05

EFL awaiting ‘full details’ of court receivership
The Football Club is fine, it is owed £30m by other Oyston companies .[:D]

The action of appointing a receiver is to enforce the outstanding debts owed by Owen, Karl and Segasta/BFC Properties - not the club.
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