So what do Owen Oyston and Terry Venables have to do with me?

By Taylors Solicitors

24 Nov 2017

Unless you are an ardent Blackpool FC fan you are unlikely to have read the 457-paragraph judgement in the case brought against the Oystons for unfair prejudice of their co-shareholder.

(It had echoes of the infamous High Court shareholder dispute concerning Terry Venables and Alan Sugar over Tottenham Hotspur FC – in this case El Tel was left with a large legal bill running into hundreds of thousands, whilst Sugar ended up with a club worth over £100 million!)

Well, if your company has a number of shareholders, but no Shareholders Agreement and the Articles of Association came ‘free’ with the £99 Company formation kit you signed up for 10 years ago, then you really ought to read on.

And, whether or not a minority shareholder has been “oppressed” within the strict meaning of Section 994 of the Companies Act 2006, as soon as a shareholder owning less than 50% of a company has a problem and consults their lawyers they will pretty soon be threatening a Court Petition under this legislation

Of course, such cases are expensive, protracted and usually acrimonious. They are fought out whilst the Company is still trading and can have a hugely detrimental effect on the company’s performance as the wrangling goes on.

Latest news

1

Finalists in the Taste Lancashire Producer Awards 2026 revealed Nigel Murray Managing Director Of Booths Sponsor And Taste Lancashire Producer Partner At The Lancashire Tourism Awards 2024

Finalists in the Taste Lancashire Producer Awards 2026 revealed

10 Dec 2025

2

Brookhouse Aerospace completes acquisition of West Midlands engineer Brookhouse Aerospace

Brookhouse Aerospace completes acquisition of West Midlands engineer

09 Dec 2025

3

BAKO Group announces acquisition of BAKO Western BAKO

BAKO Group announces acquisition of BAKO Western

09 Dec 2025

4

BAE Systems workers escalate strike action Typhoon production Warton

BAE Systems workers escalate strike action

09 Dec 2025

5

Lancashire consultancy Verve Co acquired by growing prof services group Oliver Burton; Right: David Clegg, Founding Partner, AMS Group

Lancashire consultancy Verve Co acquired by growing prof services group

09 Dec 2025

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

Help to grow management course
Help to grow - barriers to growth.png.png
LBV Hub Seminars
26 Sep 2025 - 16 Dec 2025

Help to grow management course

Preston Campus , Preston , PR1 2HE

09:00 - 15:00

Women scaling up Blackpool Fylde and Wyre
LBV Hub Seminars
22 Oct 2025 - 09 Jan 2026

Women scaling up Blackpool Fylde and Wyre

The Small Business Academy, Blackpool, FY4 5JX

09:30 - 15:30

RISE - Lancashire's unique leadership programme for women
thumbnail_Emma Weston Illustration WENDY BOWERS RISE Illustrstion.jpg.jpg
LBV Hub Seminars
22 Oct 2025 - 18 Mar 2026

RISE - Lancashire's unique leadership programme for women

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:30 - 15:30

St Catherine's Christmas Tree-Cycling
Tree Cycling.png.png
LBV Hub Fundraisers
25 Nov 2025 - 10 Jan 2026

St Catherine's Christmas Tree-Cycling

Several locations, Preston, PR5 5XU

10:00 - 13:07

Lancashire post Budget analysis finance leaders events
MHA-BTI Logo_black (002).jpg.jpg
LBV Hub Networking
27 Nov 2025 - 27 Dec 2025

Lancashire post Budget analysis finance leaders events

Farington Lodge Hotel, Stanifield Lane, Farington, Preston, PR25 4QR

08:00 - 10:00

Preston Freelancer Meet-Up December
long banner dec Freelancer.jpg.jpg
LBV Hub Networking
15 Dec 2025 - 15 Dec 2025

Preston Freelancer Meet-Up December

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 12:00

Preston Tech Connection Christmas Social
PTC December Social.jpg.jpg
LBV Hub Social
16 Dec 2025 - 16 Dec 2025

Preston Tech Connection Christmas Social

Wings and Beer, Cannon Street, Preston, PR1 3NT

18:00 - 20:00

Chamber Business Lunch – December
Logo.jpg.jpg
LBV Hub Social
19 Dec 2025 - 19 Dec 2025

Chamber Business Lunch – December

Morecambe Football Blub, Morecambe, LA4 4TB

11:00 - 14:00

Chamber Breakfast Networking – January
Lancs-cham-logo.jpg.jpg
LBV Hub Networking
08 Jan 2026 - 08 Jan 2026

Chamber Breakfast Networking – January

3-1-5 Health Club, Lancaster, LA1 3PE

08:00 - 10:00

Preston Freelancer Meet-Up: January
January Freelancer Meet-Up Square .png.png
LBV Hub Networking
20 Jan 2026 - 20 Jan 2026

Preston Freelancer Meet-Up: January

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 12:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV124 Online Graphic
Subscribe now

Weekly news bulletin