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 today 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".
