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Blackpool owners, the Oyston family, accused of treating club as ‘personal cash machine’ by High Court

Blackpool owners, the Oyston family, accused of treating club as ‘personal cash machine’ by High Court

Sports
The owners of Blackpool, the Oyston family, have been accused at the High Court of treating the football club as "the family's personal cash machine".Lawyers for Latvian millionaire Valeri Belokon, the club's president, were launching what could prove to be one of British football's most expensive legal actions.Andrew Green QC alleged on Monday at the start of a five-week hearing that Owen and Karl Oyston, owner and chairman of the Lancashire club, had "improperly" extracted millions of pounds from its funds following promotion to the Premier League in 2010 and used the money for their own benefit.Belokon's company VB Football Assets, a minor shareholder in the club, was excluded from key decisions, information and any share of profits, said Green.VB Football is pursing a claim against the...