NEXT HOME GAME - TBC
NEXT AWAY GAME - SUPPORTERS XI ARE PLAYING WORCESTER AT MALVERN ON SUNDAY AUGUST 3rd AT 3.00pm

Tuesday, February 28, 2012

Valiants Crippled As Ex-Chair Miller Quits

Port Vale's board is unable to make any decisions on the running of the club after news that former Chairman Peter Miller had quit the board over the weekend.

The US-based director was due to leave at the forthcoming AGM/EGM after relinquishing the chairman's role in December. However those meeting will now not take place on March 13th after the club failed to send out the necessary notices for the meeting, and the board will be unable to function adequately as they are now under the required four man strength that they need to make decisions.

Fears are mounting that the club is set to enter Administration, and those fears only increased after the board requested a meeting with the Supporters Club - after months of denying them a meeting - with both sides having their solicitor present.

Tonight's home match with Crewe is expected to generate around £70,000 in income, but with wages, payments on loans, and the taxman all due sums in the next few days they may need up to £250,000 extra to cover their immediate debts.

In a statement the local council confirmed they had received the delayed January payment on the club's £2.25million loan, but only part of the February payment with the March installment due in a couple of days.

Update: Fansite OneValeFan is reporting that they have been contacted by an employee of the club that says they have been told by HMRC that the tax due on their wages has not been paid.