Administrators could get directors to pay up
Administrator Bob Young has told the Sentinel that they are investigating the club’s finances and have not ruled out legal action to force former directors to pay up over the ‘nil-paid’ shares fiasco.
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Bob Young was appointed as administrator of the club when Port Vale entered administration in 2012. He duly sold the club on to Paul Wildes and Norman Smurthwaite.
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Administrator Bob Young has told the Sentinel that they are investigating the club’s finances and have not ruled out legal action to force former directors to pay up over the ‘nil-paid’ shares fiasco.
Former chairman and CEO Bill Bratt appears to have whitewashed his considerable part in producing Port Vale’s financial woes and has told the Sentinel that he would step forward to rescue the club if no other bidders are acceptable.
Port Vale turned down two offers for captain Marc Richards in the hours before Thursday’s loan deadline passed.
6 Towns Radio will have an interview with Bob Young of Port Vale administrators Begbies Traynor on the Boots Bats & Balls sports show this Saturday morning.
Administrator Bob Young has said that two new parties have expressed interest in buying Port Vale FC. This takes the number of interested parties to six. The new bidders have asked for their identities to be kept confidential at present.
Port Vale manager Micky Adams has moved to reassure fans that he is not seeking to engineer a move away from the club. Adams’ post-match remarks caused media speculation that the manager was upset with the administration of the club after he told reporters that: “I’m taking legal advice, and we’ll see where we go […]
Lee Collins’ loan move to Championship side Barnsley will earn the Valiants £50,000, according to administrator Bob Young. Young told the Sentinel: “What we have got effectively is a payment for a loan.
Port Vale’s administrators say that the club is unlikely to be able to make loan signings despite the impending loss of defender Lee Collins. Administrator Bob Young has asked the Football League whether Vale can make loan signings, but has been told the request would only be considered if the number of senior players on […]
In a press conference, Port Vale administrators have told the media that two companies have already expressed an interest in buying Port Vale – Stoke-based International Piping Products (IPP Group) and another unnamed company. Meanwhile, local businessman Mo Chaudry is expected to express an interest in the next few days.
The administrators running Port Vale have confirmed that manager Micky Adams and first-team coaches Mark Grew and Geoff Horsfield will remain at the club. Administrator Bob Young told the Sentinel: “After having a chat with Micky I assured him Mark and Geoff are safe.
Port Vale administrator Bob Young has told the Sentinel newspaper that he wants manager Micky Adams to remain at Vale Park.
Port Vale administrator Bob Young has told the Sentinel that he hopes to identify a preferred bidder for the club within the next four weeks.
Port Vale FC have released a statement that confirms the club have applied to enter administration for the second time in their history. The club have asked for Bob Young, Steve Currie and Gerald Krasner of Begsbie Traynor to be the joint-administrators of the club.
Bob Young, of Poppleby and Appleton, the former administrators of Port Vale FC, has mounted a robust defence of Peter Jackson’s investment into the club, claiming the life-long supporter is ‘totally committed’ to the club.