According to the Staffordshire Sentinel, Port Vale are ‘confident’ of having their transfer embargo lifted and in the process receiving a £100,000 pay-out from the Football League.
Last month’s £150,000 share deal with Staffordshire businessmen Peter Jackson and Stan Meigh has boosted the club’s coffers and Chairman Bill Bratt told the Sentinel: “We have had a letter from the League which has set out some conditions.
“They have said because of the problems we have had in the past they are giving us more hurdles to jump. But we will clear them and are in the process of doing that.
“It is a matter of us putting facts and figures to them and them checking them out.”
The embargo is likely to be lifted on a rolling basis, which would be regularly reviewed. However, if it is even lifted on a temporary basis, it should free-up £100,000 in funding from the Football League.
The funding comprises of two £50,000 payments which Vale will be able to claim if they can convince the League they can see out the season.