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Blackpool Supporters Trust Requests Private Talks Over $25M Takeover Bid

League One side Blackpool Chair Steve Rowland said that the Blackpool Supporters’ Trust "will clarify details" of its takeover bid to Owen Oyston “in due course” but wants future talks on a proposed £16M ($25M) leveraged buyout held in private, according to Andy Hunter of the London GUARDIAN. BST "published plans to take control at Bloomfield Road this month amid serious unrest among supporters about the Oyston family’s running of the League One club and after previous approaches to the owners went unanswered." On Monday, Oyston "posted a thorough response on the club’s website asking BST to answer a range of questions before proceeding any further with the takeover offer." Oyston, "whose family would keep several assets connected to the club as part of any leveraged buyout," has taken issue with BST’s assertion that he bought Blackpool for £1 in '87, insisting he has put "multimillions of pounds" into the club. He also asked, “Is it true that you are not putting in one penny of new money into the club?" Oyston "has given BST a 14-day deadline to respond to his queries" (GUARDIAN, 7/28).

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