The Sunday People newspaper has claimed that there is a fresh “cash crisis” at Port Vale FC due to a “severe lack of funds at the club.”
Whether the claims are true or not will doubtless be subject to much debate. At the start of the season, the club claimed that they would break even on average gates of 6,500 and at this time, the average home attendances are just under the 7,500 mark.
However, it is fair to say that there has been much speculation over the health (or not) of Vale’s finances since owner Norman Smurthwaite claimed via Twitter that he had put in over £1m this season and that he could confirm that the club was losing money this season.
The article in Dean Jones’ “Sport Confidential” column in the Sunday People newspaper alleges: “Port Vale are suffering a cash crisis this Christmas. Players’ agents have been informed they will not be receiving any expected payments due to severe lack of funds at the club. And things have got so bad that players have even complained about a lack of hot water for showers at the training ground. No improvement is in sight and it may even take an unlikely FA Cup run to raise funds for Micky Adams’ League One side.”