Blackpool Owner Owen Oyston Denies Seeking Promotion Payout

League One side Blackpool majority Owner Owen Oyston denied seeking "his own multimillion-pound payout" after the club "struck the jackpot" to reach the Premier League, according to the BBC. Oyston is accused by club President Valeri Belokon of "improperly extracting millions of pounds from the football club" after '10. Oyston told London's High Court that he was the victim of a "set-up" by Belokon. Oyston and his son Karl, who is the club chair, deny "unfair prejudice" against shareholders. Latvian Belokon is acting through his company, VB Football Assets, which is a minor shareholder in the club. Oyston told the court that "he was being set up by the club president after the Latvian millionaire's attempts to increase his shares in the club failed" (BBC, 6/28).