Oystons ousted as high court brings in the receiver at Blackpool

• EFL undecided whether to impose 12-point penalty
• Millions still owed by the Oystons to Valeri Belokon

Blackpool have been put into receivership so the club can be sold and the proceeds used to pay off some of the £22m owed by their owners, the Oyston family, to the Latvian banker Valeri Belokon, a court has ordered.

English Football League rules state that if a club suffer “an insolvency event”, which includes the appointment of a receiver, they receive a 12-point deduction, but the league has not yet determined whether that penalty will be imposed in this case.

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Source: Football News
Link : Oystons ousted as high court brings in the receiver at Blackpool

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