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14 Jun 2019

Stephenson Harwood advises on Blackpool FC restructuring


Law firm Stephenson Harwood LLP has advised Paul Cooper and David Rubin, of David Rubin and Partners, in their capacity as receivers by way of equitable execution appointed by the Court to realise shares relating to Blackpool Football Club.

The shares in the club were successfully sold to Simon Sadler, who was born and raised in Blackpool and held senior roles in finance before setting up an asset management business, Segantii Capital Management, in Hong Kong in 2007, where he remains Chief Investment Officer.

“We were pleased to assist in bringing this matter to a successful resolution,” said Stuart Frith, partner, Stephenson Harwood. “Blackpool FC had been the subject of a protracted board room dispute and a boycott by the fans in protest against the previous management. The transaction negotiated by the receivers will set the club on a new trajectory and we wish the new owner, the fans and the employees of the club the very best of luck in the future." 

The Stephenson Harwood team was led by restructuring and insolvency partner Stuart Frith and corporate partner Karima Hudson, who were  supported by senior associate Nick Axup and associates Bethan Griffith and Matt Kinghorn. They instructed Mark Phillips QC and Andrew Shaw of South Square.



Andrew Rieley
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