Blackpool avoided a points deduction from the English Football League after going into receivership in FebruaryBlackpool have announced Simon Sadler as the new owner of the League One club following English Football League approval. Sadler, who was born and raised in Blackpool, has worked in asset management in Hong Kong since 2007. In addition to purchasing 96.2% of the club, Sadler takes control of the Seasiders' stadium and adjoining hotel. The deal, in which Sadler is acting in an individual and personal capacity and not through a third-party company, also includes the club's training ground. The relationship between the support base and the former owners was nonexistent with the club falling from the Premier League to League Two in just five years.

Source: BBC June 13, 2019 14:28 UTC