An overseas private equity firm is reported to have put in a bid for Blackpool: Fans are concerned
There are two reasons for fans to be concerned. First, what has happened at Coventry City does not suggest that overseas private equity firms make good owners. What is in the deal for them? They won't be doing it for benevolent reasons.
It also appears that they may want to lease Bloomfield Road rather than buying the stadium. This may make good business sense, but the fans do not want any continued involvement by the Oystons in the club.
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