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Port Vale fans got an early Christmas present yesterday, but it was one wrapped in yet more disappointment.
They were jubilant when a club statement announced that Chief Executive Perry Deakin has resigned from the role, but then details were revealed that showed the club had obtained a second mortgage on their Vale Park home earlier in the month.
Deakin, who is reported to be remaining with the club for the forseeable future while he works his notice period, had stated only the day before that he would not be resigning. Both he and Chairman Peter Miller have failed to provide proof that they paid for the shares that were issued to them.
Meanwhile, later in the day, documents surfaced showing that a £300,000 second mortgage had been taken out on Vale Park just three weeks ago. There is currently no explanation from the club, believed to be on a financial knife-edge, as to why they took out the loans with a seemingly anonymous Gibraltar-based company two days before their investment deal with Blue Sky collapsed.
Fans are now calling for a Police investigation into club affairs with concerns mounting over the running of the club.
