Blackpool president demands Karl and Owen Oyston 'put football first' and invest final parachute payment on the team, stadium and training ground

Valeri Belokon lambasts Karl and Owen Oyston in letter seen by MailOnline

Club president urges Oystons to strengthen Blackpool on and off field

Oystons have come under constant pressure from Blackpool fans

Blackpool set to start season with just eight registered players on books



Manager Jose Riga in reported stand-off with Oystons over new signings

The shambles surrounding Blackpool FC took a dramatic turn on Thursday with the club’s Latvian president Valeri Belokon demanding that the Oyston family spend a final parachute payment worth millions of pounds purely on footballing matters.



In an open letter to chairman Karl Oyston and majority shareholder Owen Oyston, which has been seen by MailOnline, Belokon – who owns a 20 per cent stake in the club – also accuses the Oyston family of paying themselves tens of millions of pounds.



The Latvian businessman then insists that the Oystons put their final parachute payment of between £8m and £9m - which is due soon from the Premier League, along with £3.5m in TV money from the Football League - into a joint account which can only be spent on footballing matters.



Money man: Blackpool president Valeri Belokon has taken exception at how the Oyston's are running the club Put football first: Belokon wants Karl Oyston, pictured, to use the club's final parachute payment on signings

In the letter, Belokon, whose funds helped to sign players such as Charlie Adam as the Seasiders earned a surprise promotion to the top flight in 2010 under Ian Holloway, reveals that Owen Oyston failed to respond to a recent invite to meet him to discuss his concerns.



Belokon writes: ‘Dear Owen and Karl, since Blackpool FC were promoted to the Premier League you have paid yourself more than £11.5m in salaries and, in addition, more than £24m via interest-free loans to your various companies, all without my approval.



‘At the same time we have seen the squad that Ian Holloway put together with my assistance, and which richly entertained all true football fans, dismantled with our beloved club nearly being relegated from the Championship last season.



‘I am alarmed to see that only two weeks before the start of the season, we are in the unacceptable position of only having eight registered players and little sign of the Premier League parachute payments being spent where they should be, on the team, the stadium and training ground.



‘Now it is time to pay back what you have taken and finally "Put Football First". In the name of Blackpool FC, I kindly ask you to deposit all remaining incoming Premier League and Football League funds into a public escrow account in our joint names and only release these funds for the purpose of creating a competitive football team.’

Unhappy: Valeri Belokon has written a letter to Owen and Karl Oyston wanting them out of Blackpool

Maestro: Charlie Adam was signed using Belokon's money and later sold for a large profit Contrasting fortunes: Ian Holloway led Blackpool to the Premier League, but Jose Riga will struggle to keep them in the Championship

Talisman: Tom Ince left Blackpool on a free transfer this summer in order to enhance his career

Blackpool’s first League game is at Nottingham Forest a fortnight on Saturday. They currently only have eight players signed on, as new manager Jose Riga and Karl Oyston have been locked in a stand-off over transfer targets.



The embarrassing scenario was emphasised earlier on Thursday when non-league Alfreton had to call off a friendly against Blackpool on Saturday because the Championship club had ‘failed to confirm’ the fixture.



Karl Oyston did not respond to MailOnline enquiries on Thursday.

Limited numbers: Blackpool's wesbite shows the team having only eight players registered in the squad Lacking numbers: Blackpool have been forced to take on a number of trialists in order to complete fixtures VIDEO Blackpool appoint Riga











