Blackpool's Oyston family owners pay £10m to shareholder Valeri Belokon
Tuesday 5 December 2017 11:37, UK
Blackpool's owners have paid £10m to Valeri Belokon following a High Court ruling against them last month.
The Oyston family were ordered to complete a financial buyout of the Latvian businessman's holding in the club, costing £31.27m, on November 6.
Belokon, through his company VB Assets, has a minor stake in the League One club but brought an action against the Oystons alleging they had shown unfair prejudice against shareholders.
The judgement determined the first instalment due to Belokon had to be paid within 28 days and the rest of the outstanding amount must now be paid, with interests and costs, within five months.
It is understood the Oystons, who denied the accusations made against them, will appeal some parts of the judgement.
One decision which has gone Blackpool's way is that which saw their former midfielder Tom Ince make a claim against them.
He argued he was due a percentage of the fee the Lancashire club received when he joined Hull City in 2014.
Blackpool said Ince forced the move and so lost his right to the cash and were awarded costs by the court.
Ince was loaned out by Hull to Nottingham Forest, before joining Derby County and eventually signed for Huddersfield in July for £11m.
