EPL - Oyston steps down as Blackpool chairman

Karl Oyston has resigned as chairman and as a director at Blackpool with immediate effect.

Oyston had already offered to step down earlier this month after questions were raised over his suitablility to lead a club in the Premier League.

And on Tuesday Oyston underlined the reasons behind his offer to step aside if another person could push the club forward in their debut Premier League season.

Oyston will remain as acting chief executive until the end of the season or new appointment is made. He will continue to work with manager Ian Holloway on the recruitment of players and on the Bloomfield Road stadium redevelopment project.