Owner: Embargo in place all season
Port Vale chairman Norman Smurthwaite has spoken to the Sentinel about the club’s transfer embargo and told them that it has been in place since the start of the season.
Port Vale chairman Norman Smurthwaite has spoken to the Sentinel about the club’s transfer embargo and told them that it has been in place since the start of the season.
Manager Micky Adams has claimed that Vale are currently subject to a Football League transfer embargo.
The Sentinel newspaper claims that former Chairman Peter Miller resigned over the weekend. The move leaves the board below the legal number required to operate the business and has prompted the remaining directors to hold an emergency meeting with the Supporters Club, who are seeking to remove them.
On a day of ignominy and gloom for many Port Vale supporters, the overly casual reaction of interim chairman Mike Lloyd to the crisis has prompted furious criticism from Port Vale fans.
BBC Radio Stoke are reporting that Port Vale have been given a transfer embargo by the Football League for an unpaid payment. The news will be a further blow for the club’s discredited and hugely unpopular board, who are under intense pressure to leave their positions in the boardroom ahead of the forthcoming EGM.