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After the Seasiders stunning weekend 4-0 win against Wigan Athletic at the DW Stadium in the clubs first game in the Barclays Premier League Blackpool announced on Wednesday afternoon that the 43-year-old had stepped down but will remain as acting chief executive until the end of the season or new appointment is made.
Owen Oyston became Chairman on 31st May 1988 when he was given control of Blackpool despite his non appearance at an extraordinary meeting of shareholders where he was sold 75 per cent of the club's shares the fate of the club was suddenly thrust into the hands of one individual for the first time.
In September 1990 Owen called a public meeting in the Seasiders Club to outline the future of Blackpool FC; both with the proposed new stadium development and working towards bringing overdue success to the club. On the 22nd May 1996 Owen was jailed for 6 years for rape and indecent assault for which he has always maintained his innocence.
His wife Vicky stepped in as Chairman but was unpopular with fans and after protests in April 1999 she handed the reigns to her son Karl Oyston although Owen meanwhile has remained the majority shareholder and a director of the club since his release in December 1999.
In August 2010, Oyston offered to stand down as chairman of the club stating his belief that he has a different approach to the rest of the Premier League chairmen and the difficulties of dealing with top-flight players and agents he evetually resigned on 18th August
During this time, Oyston will continue to work with manager Ian Holloway on the recruitment of players and on the Bloomfield Road stadium redevelopment project.
Source: PA