Blackpool president Valeri Belokon has strongly denied any wrongdoing after reports claiming he is involved in an investigation into alleged money laundering in Kyrgyzstan.
Reports in eastern Europe allege Belokon was among 32 people being investigated by Kyrgyzstan’s Prosecutor General’s Office.
The findings are reportedly now being handed over to court prosecutors for consideration, although no formal proceedings have been started.
Belokon’s spokesman Normunds Malnacs, who is also a director of the club, said: “Firstly we would like to confirm that, up to now, Mr Belokon has not received any formal or informal letter stating he is allegedly involved in criminal proceedings.
“Mr Belokon has always complied with all laws and regulations of the countries he does business in. He would fight any allegations against him, should they arise.”
Malnacs also insisted Belokon’s investment and commitment to the Seasiders will continue.
“Certainly, Mr Belokon keeps a close eye on Blackpool Football Club,” Malnacs added. “Currently the club is financially stable. If at any point in time there will be a need for investments, Mr Belokon will undoubtedly do so.
“Mr Belokon maintains regular contact with me and the chairman Mr Karl Oyston. He firmly believes the Seasiders are about to surprise the English football community again.”