Port Vale have been late with two monthly repayments on a £2.25 loan from the local council. The December instalment of £19,616 was paid almost a month late and the club have said that the January instalment will be paid when cash flow permits. Around £1.8m is outstanding on the loan.
The council have made it clear that they do not wish to push the club over the edge, but have to pay attention to their obligations to council tax payers.
Port Vale have been late with two monthly repayments on a £2.25 loan from the local council. The December instalment of £19,616 was paid almost a month late and the club have said that the January instalment will be paid when cash flow permits. Around £1.8m is outstanding on the loan.
The council have made it clear that they do not wish to push the club over the edge, but have to pay attention to their obligations to council tax payers.