Following Director Mike Lloyd’s claim that the board were only partially to blame for the club’s finances and that fans’ protests and historic debt also contributed, CEO Perry Deakin has now claimed that former Chairman Bill Bratt is also to blame.
Port Vale finances
Find all stories and articles which have been tagged with Port Vale finances on onevalefan.co.uk
Port Vale finances have been a popular debating subject among Vale fans especially as the club has entered administration twice. Our archive features all the latest Port Vale financial news.
onevalefan.co.uk is an independent Port Vale FC website which was founded in 1996.
A meeting of the Port Vale Supporters Club on Sunday saw the group launch a hardship fund to help Port Vale’s fight for survival. Chairman Pete Williams said: “The fund is to help the club with any running costs they may need, such as travel expenses, or for employees who need immediate financial assistance.
Mike Lloyd has become the first Port Vale board member to talk to the press following the news that the club is set for administration. In an interview with BBC Radio Stoke’s John Acres, Lloyd says he is “desperately sorry about the club’s financial position” but unsurprisingly adds that “I don’t think the current situation […]
Legenday former Port Vale manager John Rudge has added expressed his sorrow as the Valiants prepare to enter administration. Several former Port Vale players have already used Twitter to show their support to players and fans and to express their concern over the current financial crisis at the club.
Port Vale will be posting copies of their annual accounts to shareholders within the next week, ahead of the forthcoming joint AGM/EGM. The annual accounts to shareholders for the year ending June 30, 2011 will be included in the mailing along with the EGM agenda papers.
Port Vale columnist Martin Tideswell says that no-one believes a word the club says anymore, that “the directors continue to hide, squirm and delay” and that “nothing and no-one can redeem this current board in the eyes of the vast majority of Vale fans.”
Vale columnist Martin Tideswell is highly critical of the response of footballing authorities, the local MP and the city council to Vale’s current situation. He feels that these organisations could all intervene to help but they “have all been told what is going on and done nothing. They fiddle and talk in platitudes while Vale […]
Port Vale could potentially lose up to 14 first-team players in the summer after manager Micky Adams confirmed that contract talks have been put on hold. The Sentinel newspaper also claims that key players, such as top scorer Marc Richards, have been asked to take pay cuts if they extend their stay at the club.
Port Vale fans may be advised to take their boots to Roots Hall after injuries and the completion of loan spells reduced Micky Adams first-team squad to just thirteen fully fit first-team players. Although Micky Adams denies the squad is down to the “bare bones” – a lack of transfer funds, the return of loanees […]
Mike Lloyd has confirmed that Micky Adams was right when the manager claimed that the club has no funds for January transfers. After the Cheltenham defeat, Adams told the press that the board has stopped player recruitment, despite Adams previously being given assurances that he would be handed vital transfer funds by then Chairman Peter […]
Interim Chairman Mike Lloyd his position on the Port Vale board is “tenable” despite admitting he didn’t know about the club’s £277,000 loan recently and controversially secured on the Vale Park stadium.
Outgoing CEO Perry Deakin has contradicted previous statements from then-Chairman Mike Lloyd and claimed that the £300,000 mortgage on the ground is needed to keep the cash-strapped club afloat. Deakin told the Sentinel newspaper: “The loan is worth £277,000 and the money will be used to pay for the day-to-day running of the club from […]
The official Port Vale Supporters Club have criticised the “misleading” financial information which has come from the club’s board and are concerned that fans are again being “misled” The group have issued a statement on Wednesday 28th December which reads as follows.
The Valiants estimate that the club netted around £170,000 in Villa Park gate receipts. Martin Foyle’s side were the first Vale side to reach the fourth round in ten years and 7,500 Vale travelled to see the fourth round tie against Premiership side Aston Villa. Although the Valiants lost 3-1, the cup run in total […]