https://www.blackpoolgazette.co.uk/sport/football/blackpool-fc/blackpool-fc-sale-on-schedule-says-director-ben-hatton-1-9802052

A second tweet by Nixon suggests that McPhillips managerial position will be known in the next couple of days and that a new coach and two new players are already lined up 

Still all rumours 

Does any new owner first have to go for the fit and proper nod ? How long does that take?

A second tweet by Nixon suggests that McPhillips managerial position will be known in the next couple of days and that a new coach and two new players are already lined up 

New coach - what does that mean? We need a goalkeeping coach that's for sure. But does he mean Manager or perhaps a second hand National Express with one owner and low mileage.

Sir Stanley wrote:

New coach - what does that mean? We need a goalkeeping coach that's for sure. But does he mean Manager or perhaps a second hand National Express with one owner and low mileage.

Andy Preece was linked earlier, it’ll be an assistant and we also now need a goalkeeping coach again with Timmins leaving 
seanmacca100 wrote:
Which one is Simon Sadler? Don't recall his name unless missed it. 
seasider wrote:Which one is Simon Sadler? Don't recall his name unless missed it. 
The local lad who has the Hong Kong hedge funds thingy. 
Ahh is that different to the Singapore one?
seasider wrote:Ahh is that different to the Singapore one?
Yes! 

tangerinejezza wrote:Yes! 
Do we know much about him? Has he got money?
seasider wrote:Do we know much about him? Has he got money?

Probably got more than me & you mate. 

May even have more than Magic. 

🤣🤣🤣

Leesthedaddy wrote:

Probably got more than me & you mate. 

May even have more than Magic. 

🤣🤣🤣

I believe, he’s almost got as much as hero! 👍
tangerinejezza wrote:I believe, he’s almost got as much as hero! 👍

Behave 😂

From the Gazette;

Sadler, the founder of Segantii Capital, is believed to be heading up a consortium weighing up a bid.

It is claimed the hedge fund’s assets are in excess of $1billion and Sadler attended Blackpool’s home game against Peterborough United in April. The 40-year-old operates a hedge fund which is the fifth largest in Asia - Segantii Capital – named after the original tribe of Blackpool and which has a tangerine and white corporate colour.

Sadler is said to be keen to keep Hatton and fellow board member Michael Bolingbroke at the club were his bid to be successful.

It is claimed the hedge fund’s assets are in excess of $1billion

So?

Blackpool hope to have new owners by the end of June as the process of moving the embattled League One club forward reaches its conclusion.

Receivers have run the club since February as former owner Owen Oyston's 31-year reign ended in the High Court.

Paul Cooper and David Rubin have almost finished going through formal bids, with an announcement due imminently.

The Tangerines went from Premier League to League Two in six seasons amid arguments between the Oystons and fans,

Fans went on to boycott matches in protest against the Oyston family, however the boycott came to an end after they were removed.

The former Manchester United and Inter Milan executive Michael Bolingbroke, who was appointed executive chairman in April as the bid process continued, feels the people of Blackpool can start feeling proud of their club again.

He told the BBC: "This club is such an important part of the community. It was vital to get it back on its feet."

Manager Terry McPhillips has recently stated he is still working on the same annual budget put in place when the Oystons were at the club.

However, that could change once the new owner is confirmed and Bolingbroke is optimistic about the future.

He said: "We can challenge towards the top end of the league with the squad as it is.

"Obviously, the more money you have to spend, provided you spend it wisely, the better you can do and, in time, we should be looking at the Championship.

"It is not just about the first team squad though. Investment is also required in the academy and on the training ground.

"I have really enjoyed it here. It is a very easy club to become emotionally invested in."

https://www.bbc.co.uk/sport/football/48616207