Port Vale Could Face Legal Action

Port Vale Could Face Legal Action

Vale’s back-to-back home wins have been overshadowed by an article in the Staffordshire Sentinel newspaper that claims that controversial Director Charles Machin has not ruled out legal action against the Directors who approved the Peter Jackson bid.

Life-long Vale supporter Peter Jackson’s bid was approved over that of Italian Football Agent Gianni Paladini by a democratic majority of 5-2. Directors Charles Machin and Geoff Wakefield voted against the deal and now Machin has been quoted in the Staffordshire Sentinel as saying:

“Obviously I am keeping the developments under review. If the plan sold to us, and accepted by the directors on the basis that it would rescue the club, doesn’t do that then we need to revisit the situation. But there are no immediate plans to take legal action at all.

“I think we have a plan that doesn’t rescue the club. I hope I am wrong, but if I am proved right there could be repercussions. It is under rolling review but if I am proved wrong and they make it work I will be the first to hold my hands up and say I was wrong.”

However, Director Dave Smith has defended the Jackson deal telling the same newspaper: “The board are confident their business plan will take the club forward and achieve financial stability.

“The board members who voted for the Peter Jackson investment package have been inundated with messages of thanks and support from fans.”

Leave a Reply

Be the First to Comment!

avatar
  Subscribe  
Notify of