Following the recent departures of the chairman and chief executive, the boardroom turmoil at Port Vale is concerning Stoke-on-Trent City Council who made a £2.25m loan to the club in 2006. The club enjoyed a two year repayment holiday from 2009 to 2011 when only interest payments had to be made. However, payments had been made regularly in recent months.
Following the recent departures of the chairman and chief executive, the boardroom turmoil at Port Vale is concerning Stoke-on-Trent City Council who made a £2.25m loan to the club in 2006. The club enjoyed a two year repayment holiday from 2009 to 2011 when only interest payments had to be made. However, payments had been made regularly in recent months.
Writing in today’s Football League Paper, Vale striker Marc Richards says, ‘As players, we’re obviously aware of the fans’ protests about what’s going on at boardroom level but there’s not much we can do about it. We have to be professional, get on with the job that we are paid to do and deliver on the pitch to make sure the supporters are at least happy about what they are seeing on the field.’
75-year old businessman Stan Meigh has stated that he would be prepared to return to the club’s board which he was voted off an extraordinary general meeting last summer. He already has a £140,000 stake in the club and has indicated a willingness to provide more, although he is clearly not very wealthy.