The planned Gianni Paladini Port Vale take-over
Back in 2003, Gianni Paladini was linked with a Vale takeover. Here is how we reported it at the time…
Find all stories and articles which have been tagged with Charles Machin on onevalefan.co.uk
Lawyer Charles Machin joined the Port Vale board in 2000 and soon courted controversy by asking manager Brian Horton to fill in a questionnaire on each player every fortnight. The PFA labelled it as “belligerent.” Machin quit later that year and was a key figure behind the Valiant 2001 fans group. However was voted off the Valiant 2001 board in 2004 after a disagreement about welcoming investment from Italian football agent Gianni Paladini.
onevalefan.co.uk is an independent Port Vale FC website which was founded in 1996.
Back in 2003, Gianni Paladini was linked with a Vale takeover. Here is how we reported it at the time…
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.
“We now have a solid foundation on which to build for the future and achieve our aim in progressing Port Vale both on and off the field…”
According to reports on BBC Radio Stoke, ten of the club’s largest shareholders have sent letters to Vice Chairman Charles Machin and director Geoff Wakefield asking them to resign their positions on the board.
The Staffordshire Sentinel reports in an exclusive that Vale investor Peter Jackson helped Valiant 2001 in their efforts to purchase the club after according to Jackson: “Charles Machin announced he wouldn’t sign guarantees for the deferred consideration of £250,000.”
Controversial Vice-Chairman Charles Machin has revealed to his favourite newspaper – the Staffordshire Sentinel – that he is considering his position on the Port Vale board.
While Charles Machin may bombard the media with reports that the club is on its last legs and the Paladini deal is the only option, Chairman Bill Bratt has expressed reservations about the Italian Agent taking a controlling share in the club.
It could be interpreted as a real crisis, scare-mongering, publicity seeking or just an attempt to force through the Paladini deal – but Vice Chairman Charles Machin has told local radio that Vale could cease to exist if a contract is not agreed with the Italian football agent.
A vital meeting held with the current Chairman and board revealed more details about the club’s financial situation and the bidders aiming to take over the club.
A last-minute bidder has entered the race to become the next owner of the football club reports BBC Radio Stoke.