Port Vale to enter administration

As anticipated Port Vale are to enter administration following a court application by Stoke-on-Trent City Council.   The club has an outstanding loan with the council and have not kept up with repayments. There are also other creditors including Revenue and Customs.

Despite the fact that it will result in a ten point deduction and end the club’s play off hopes, the news was generally welcomed by fans at last night’s game.   They saw it as offering a much needed new start to the club.

As anticipated Port Vale are to enter administration following a court application by Stoke-on-Trent City Council.   The club has an outstanding loan with the council and have not kept up with repayments. There are also other creditors including Revenue and Customs.

Despite the fact that it will result in a ten point deduction and end the club’s play off hopes, the news was generally welcomed by fans at last night’s game.   They saw it as offering a much needed new start to the club.

Councillor Mohammed Pervez, the leader of Stoke-on-Trent City Council commented, ‘The stark choice we were faced with was liuqidation or administration.   Liquidation would have seen the immediate end of Port Vale Football Club and 130 years of football history with strong community links across the city.’

He warned, ‘We need to make it clear we have only opened a window of opportunity for the club.  We still need to find an investor who is offering a viable and sustainable future for the club.’

 

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