The newly-promoted Premier League club announced on Wednesday afternoon the 43-year-old had stepped down but will remain as acting chief executive until the end of the season or a new appointment is made. 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. "I'm quite surprised Karl has decided to step down as chairman," Bowley told Sky Sports News. "Karl had a very no-nonsense style of approach, he certainly holds no prisoners and always looks to get the best deal for the club. "As far as Karl's concerned the club's finances are most important rather than players picking up huge amounts of money in terms of salaries and bonuses. "I know at times he may come across as quite difficult to deal with but as far as he's concerned, it's about getting the best deal for Blackpool Football Club and making sure the club is financially secure, as opposed to perhaps looking at other clubs who have struggled financially in the past. "I don't particularly think it is a massive blow. Ultimately, what wins football matches are footballers and managers and while we've got Ian Holloway as manager and the players we've got, I don't think it will have any major effect on the pitch. "In fact it may even have a positive effect, Karl might even say that himself, with a few fresh ideas, new faces and things."
