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MOLD was the term given to a much-criticised Port Vale board with the term coming from the first letter of the surnames of the board members.
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Port Vale’s £277,000 mortgage on Vale Park broke the terms of their agreement with the city council, the Sentinel has disclosed. The revelation means that had the club been forced to repay their £2.25 million loan agreement with Stoke-on-Trent council then the entire future of the club could well have been in severe doubt.
Port Vale columnist Martin Tideswell says that the “men responsible for the current financial meltdown batten down the hatches and show utter contempt for the will of the people they are supposed to serve” and it is “little more than a cynical attempt by the Chief Executive and his fellow directors to paint Vale fans […]
Outgoing CEO Perry Deakin has caused outrage with the revelation that he will remain in his post at least until March despite resigning in November. The news emerged on Wednesday after a group of fans visited Vale Park demanding the CEO’s immediate exit. After club officials met the group, Deakin was (somewhat bizarrely) given a […]
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 […]
Port Vale have announced that of Chief Executive Perry Deakin has resigned and is “working his notice period.” This news will come as a surprise to Vale fans reading Friday’s Sentinel in which Deakin criticised an unknown club official for “bad advice” but indicated he would not resign.
Port Vale fans, eager to know how the club’s CEO and Chairman are earning their large salaries, may be bemused to hear that both Perry Deakin and Peter Miller will be missing from the club until the New Year. Gary Benson, membership secretary of the Supporters Club, emailed the club about their availability and received […]