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Port Vale out of administration

Port Vale have exited administration after the £1.25m takeover by Paul Wildes and his business partner was completed.   The historic club entered administration in March with debts of £2.69m and required help from Stoke City Council to survive.

This article reviews the saga that followed.   As is often the case with football clubs in administration, there were many twists and turns, but probably even more so with Port Vale.

Fan takeover at Hearts?

Supporters Direct will meet with Hearts for a fifth time today in a bid to persuade Vladimir Romanov to sell to a fan-based group.

Earlier in the week a £4.5m bid for the club by a consortium of unknown investors headed by Angelo Massone.  He was in charge at Livingston in a disastrous spell which nearly brought the club to its knees.

Rangers win tax case

Rangers have won their tax case  at a tax tribunal over their payments to players through Employee Benefit Trusts which Revenue & Customs argued were illegal.   The tribunal ruled that they should be treated as loans for tax purposes, although they reached this decision by a two to one majority verdict. Revenue & Customs has said that it is disappointed by the decision and may appeal.

Football Attendances and Success

Success on the pitch clearly boosts attendances, as does bringing in a star player, most recently illustrated by the case of Edgar Davids at Barnet.  But are football attendances a stronger influence on success than the other way round?

The evidence seems to suggest that a large fanbase is a prerequisite for long-term success in England. Data from the National Football Archive website suggests that there is a remarkably close correlation between a table that ranks clubs by their success since 1888 and one that ranks attendances.

Worcester City face stadium blow

Worcester City FC have had a plea to stay at their century old home at St.George's Lane until building work starts turned down by the developers.   They will have to move out at the end of the season.

It looks as if they will ground share with Kidderminster Harriers at Aggborough.   Evesham United have a brand new ground but it does not come up to Conference standard.

Histon's future in doubt

Histon FC failed to play their fixture at Colwyn Bay on Saturday and the future of the Cambridgeshire village side who reached the Conference is now in doubt.    On 177 turned up for their last home game, a FA Trophy tie against Boreham Wood.

The club is seeking professional advice on their future today.    This follows a court case last week in which they were asked to pay an unspecified four figure sum to their chief executive Alan Soraff who left the club in 2010.

Pompey look forward to their day in court

Portsmouth caretaker boss Guy Whittingham hopes that the ownership of the club can be sorted out by the January transfer window.   Pompey are currently one point away from the relegation places in League 1.

Portsmouth Supporters' Trust (PST) need to force Portpin, the investment vehicle for former owner Balram Chainrai, to sell Fratton Park which he is holding as security against the £18m he is owed by the club.  

Leeds hit by drawn out takeover

Leeds United manager Neil Warnock considers that the club's chances of promotion to the Premier League this season have been hit by the protracted takeover talks with the club placed in a 'straightjacket'.

Still some way to go on Premiership 'break even' rule

Although Premier League clubs are edging towards a consensus on some form of break even ruie, there is still some way to go on reaching agreement on the form that it might take and how it could be implemented.   Not surprisingly, there are differences of opinion between clubs given their divergent interests.

West Ham make 'take it or leave it' offer

Both sides in the long drawn out Olympic Stadium saga are becoming increasingly frustrated with the lack of progress and yesterday West Ham United made a take-it-or-leave it offer to the London Legacy Development Corporation (LLDC).