Blackpool acting chairman Karl Oyston will not allow manager Ian Holloway to leave the club after they were fined for fielding a perceived weakened team.
Holloway made 10 changes to his starting XI for a game at Aston Villa last November, and the Seasiders were beaten 3-2 by a last-gasp goal from James Collins.
The 47-year-old, who guided Blackpool to a shock promotion last May, stated afterwards that he would walk away should the club be punished for his team selection, before later insisting he would only leave if Oyston believed it was a sensible decision.
The club were subsequently fined £25,000 on Thursday, but Oyston informed Sky Sports News: “I will do everything in my power to stop Ian going anywhere.
“He has been a breath of fresh air, not just for Blackpool, but for the whole Premier League.
“He has obviously done wonderful things in his time at Blackpool and it would be ridiculous for Ian, on a point of principle, however strongly we both feel, to suffer any kind of personal loss.
“I will do everything neccesary to keep him here and have no doubt I'll be successful in that.”
He added: “He has breathed life back into our club since he joined us and I think that I will soon cheer him up again.
“The transfer window closes in a few days so that should cheer us both up.”
To hear Holloway's memorable rant when quizzed about his selection, click here.