Money laundering funds 'might have been put into Blackpool'

A High Court registrar is told of "concerns" that cash from money laundering might have found its way to Blackpool.

By Pascal Lemesre, Football League Editor | 28 April 2016

A High Court registrar has been told of "concerns" that cash from money laundering might have found its way to Blackpool.

The issue was raised during a preliminary hearing of a legal dispute between the League One club's owners, the Oyston family, and its president Valeri Belokon.

Lawyers for the Oystons said it had come to light that Latvia's financial regulator, the Financial and Capital Markets Commission (FKTK), recently imposed a fine of more than €1m (£780,000) on Baltic International Bank (BIB), which is owned by Mr Belokon.

Belokon's company VB Football Assets is pursuing a claim for "unfair prejudice" against the Oystons and accusing them of stripping the Seasiders of funds.

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9	Coventry City Coventry	44	17	13	14	68	55	13	64
10	Preston North End Preston	44	18	9	17	56	61	-5	63
11	Bristol City	45	17	11	17	53	47	6	62
12	Cardiff City Cardiff	45	19	5	21	51	65	-14	62
13	Swansea City Swansea	45	15	12	18	59	64	-5	57
14	Watford	45	13	17	15	60	58	2	56
15	Sunderland	45	16	8	21	52	52	0	56
16	Millwall	45	15	11	19	44	55	-11	56
17	Queens Park Rangers QPR	45	14	11	20	45	57	-12	53
18	Stoke City Stoke	45	14	11	20	45	60	-15	53
19	Blackburn Rovers Blackburn	45	13	11	21	58	74	-16	50
20	Sheffield Wednesday Sheff Weds	45	14	8	23	42	68	-26	50
21	Plymouth Argyle Plymouth	45	12	12	21	58	70	-12	48
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23	Huddersfield Town Huddersfield	45	9	18	18	48	75	-27	45
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