Blackpool owner appears in Hong Kong court over trading claims

Simon Sadler and former trader Daniel La Rocca are facing criminal proceedings in the country.

The owner of Blackpool Football Club has appeared at a court in Hong Kong in connection with allegations of insider dealing.

Simon Sadler, together with former trader Daniel La Rocca, is facing criminal proceedings alongside Sadler's company Segantii Capital Management Ltd.The pair have been released after posting bail of $1m Hong Kong dollars for Mr Sadler and half that amount for Mr La Rocca.

The club is currently involved in several major developments in the town – with permission granted by Wyre Council last month for a new elite training ground between Blackpool and Poulton.A spokesman for Blackpool said: "We have been made aware of a charge brought in Hong Kong against the club's owner Simon Sadler which is entirely unrelated to the Club and its operations.

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