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Birmingham Post
Birmingham Post
Business
Jon Robinson

Turnover rise for Blackpool FC after end to fans protesting over Oyston era

Blackpool FC have said the end of fans protesting over the club's previous owners led to an increase in turnover during their latest financial year.

The League One club achieved a turnover of £5.5m for the 12 months to June 30, 2020, up from £4.6m during the prior year.

The club, in newly-filed documents with Companies House, said the rise was "largely driven" by the increase in commercial sales following the end of the fan-led boycott impacting previous years.

In November 2017, Blackpool were put up for sale by the Oyston family while in February 2019 the club were put into receivership by the High Court.

In June 2019, Simon Sadler was announced as the new owner of the club, officially ending the Oystons' 32-year tenure, purchasing a 96.2% stake.

Mr Sadler was born and raised in Blackpool and has worked in asset management in Hong Kong since 2007.

He is the founder and chief investment officer of Segantii Capital Management.

In the financial documents, Blackpool also confirmed that season ticket sales more than trebled compared to the 2018/19 season.

Their pre-tax losses were also cut from £2.6m to £2.2m over the 12 months.

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