Premier League probes Karl Oyston's role at Blackpool

By John Sinnott

Oyston will discharged from bankruptcy on 18 August 2011

Blackpool must clarify acting chief executive Karl Oyston's role at the newly promoted club after it was revealed he had been declared bankrupt.

Under the Premier League's Owners' and Directors' rules a person made bankrupt is barred from holding the position of chairman or director.

Insolvency records show he was made bankrupt on 18 August, the day he stepped down as the club's chairman.

"We are going to be in touch with the club," a league spokesman told the BBC.

"We want to clarify the bankruptcy and his position at Blackpool," added the Premier League spokesman.

A Blackpool spokesman said the club would not comment on the matter but the club's website lists him as a member of the Blackpool board.

The 43-year-old Oyston will be automatically discharged from bankruptcy on 18 August 2011, according to the Individual Insolvency Register.

Oyston took over as chairman of the Seasiders in 1999 from his mother, Vicki, who succeeded her husband, multi-millionaire Owen, who was jailed for six years in 1996 after he was convicted of raping a teenage girl.

When Oyston resigned as chairman on 18 August the club said he was to stay on as acting chief executive until the end of the season or until a replacement was found.

He had previously admitted to being disillusioned with the influence of players' agents in the Premier League.

Oyston has been determined to keep the Seasiders' spending under control after they overcame Cardiff in the Championship play-off final and is reported to have imposed a £10,000-a-week wage limit on the squad.

Blackpool last league fixture saw them record an impressive 2-0 win away to Newcastle .