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The court ruled that the Oyston family without due reason had not paid Mr. Belokon profit share from his investments in the stadia. The amount due is around 1 mln pounds. The precise amount will be decided in another court hearing expected to be held at the beginning of April, after the additional calculations.

The court also ruled that the Oystons family have to compensative litigation costs. 425,000GBP to be paid within 28 days; total amount of compensation to be reviewed in another court session. The court denied Oystons barrister request for appeal in the court.

The court action was raised by Baltic International Bank (which replaced LLC VB Football Assets) against Segesta Limited on failing to fulfil obligations of the 2008 Investment Agreement. Segesta Limited is owned by Owen Oyston, co-owner of Blackpool Football Club (BFC). Segesta owns Bloomfield Road, a football stadium, the home for BFC.

In parallel with the court action regarding the Investment Agreement, Mr Belokon’s company VB Football Assets (a shareholder in Blackpool Football Club) has filed also a claim for unfair prejudice in the London High Court against Messrs Owen Oyston and Karl Oyston and their company Segesta Limited. The claim will be heard by the Court in summer 2017.

Since the Club’s promotion to the Premier League, millions of pounds of BFC monies have been transferred by the Oystons from the BFC to Oystons’ companies through granting unsecured interest-free loans and by paying GBP 11 mln, as the Director’s remuneration, to Owen Oyston.