Insolvency records show Oyston was declared bankrupt on August 18 - the same day the Premier League newcomers announced his resignation as chairman and director. Under Premier League rules anyone made bankrupt is barred from holding the position of chairman or director and the club have been asked to provide details of his new role to ensure Oyston is not acting as a shadow director.
A Premier League spokesman said: "We are speaking to the club to clarify his position in relation to his new role there and the full circumstances of the bankruptcy."
Blackpool refused to comment on Friday but Oyston previously said he would stay on as acting chief executive until the end of the season or until a replacement was found. He is listed as such on the club's website.
The 43-year-old will be automatically discharged from bankruptcy on August 18, 2011, according to the Individual Insolvency Register.
Days before the insolvency court hearing, he offered to step down as chairman because of his stated disillusionment with agents in football and questioned whether he had the "right approach for this division".
David Carney believes Blackpool can turn their flying start into a successful season.
The Seasiders have confounded critics who expected the club to be rooted to the foot of the Barclays Premier League table by picking up seven points from their first four games to sit fourth.Although Blackpool know there will be tough times ahead, Carney, who made his debut in Saturday's 2-0 win at Newcastle, is confident they can handle it.He told Tangerine Player: "There's a good bunch of lads, and the manager's got us all really together. He likes to play attractive, fast football and I think that's why we're doing so well."It's only early days so we've got to keep the hard work going and look forward to it because it's exciting times. If we carry on playing like this I think we can have a really good season."Next up for Blackpool is a trip to Premier League leaders Chelsea, and Australia international Carney added: "It's not an easy place to go but that's exactly why you want to be a footballer and play at the highest level, to go to places like that and test yourself against the best players in the world."
Keinan optimistic of shock
Blackpool defender Dekel Keinan believes the Seasiders' work ethic can help them engineer a surprise result at Chelsea on Sunday.The defending Barclays Premier League champions are yet to drop a point this season and have already scored 17 goals.Keinan told the official Blackpool website: "Everybody knows that there are big differences between us and Chelsea but I'm sure if we work hard and fight for each other we can do something."Had the match been on Saturday, Israel international Keinan would have been unable to make his fourth appearance of the season because it would have coincided with Yom Kippur, the holiest day in the Jewish calendar.Keinan, who joined Blackpool from Maccabi Haifa in July, made his first start in the 2-0 victory over Newcastle on Saturday and insists there is more to come.He said: "I will not miss the game so that is lucky for me. I'm not fully fit yet but I'm feeling better and better. I know that I need to improve my game and be stronger in the Premier League. I'll continue to do a lot of personal training because I have to be serious to succeed."
Source: PA