Port Vale takeover completed

Port Vale have come out of administration after Paul Wildes' takeover of the League Two club was finalised.

Last Updated: 20/11/12 at 20:37 Post Comment

Port Vale: No longer in administration

Port Vale: No longer in administration

Wildes, supported his business partner Norman Smurthwaite, had a bid of £1.25 million bid approved by the club's administrators Begbies Traynor.

The deal, which has also been approved by the Football League, sees the Valiants come out of administration, eight months after entering in March.

Wildes, who was named as the preferred bidder last month after Keith Ryder's summer-long bid came to nothing, told the club website: "I would like to thank the Port Vale supporters, once again, for their ongoing patience and support.

"It has been a long process but we are delighted to have finally taken over the club and look forward to a long and successful association.

"As I have previously stated, our intention is to develop the club both on and off the field.

"On the pitch we're continuing to support manager Micky Adams and the squad as they push for promotion. Off the pitch we have made some key appointments to ensure the immediate and ongoing success of the club."

Wildes will become club chairman whilst Smurthwaite will be chief executive, with Mike Aspinall taking up the role of operations director.

Financial director Robin Anderson will take responsibility for finance and IT departments and the club is also planning to appoint a commercial director.


Click here for completely free £10 bet with Sky Bet & £5 free every week


Related News

Most Commented

Readers' Comments

I

sn'tthis strange. Last season we were worried that we were stuck with a Dinosaur in Moyes while Liverpool and Everton were disappearing into the distance with their young, spritely managerts, playing football from heaven. Progressive managers, they said. Managers who understand the modern game.........

HarryBoulton
Rodgers: The pressure's on

B

eing consistently and unrelentingly dog turd really takes it out of you. Try shadow boxing. That's what it's like watching Liverpool, punching thin air.

sinbadsdad
Neville: Reds need a rest

G

ood list, some crackers in there. For me, I'd have had Steve McManaman for Liverpool away at Celtic in the UEFA cup in 1997. I was in the ground that night and everyone kept screaming at him to make a pass, but he just kept going and going and going...brilliant, and in the dying minutes too.

uncle-muller
F365's Top Ten Counter-Attacking Goals

Footer 365

Mignolet 'worse than Dracula'

Bruce Grobbelaar has lambasted Simon Mignolet's reluctance to command his box, saying: "At least Dracula comes out of his coffin now and then."

World Cup: FIFA could face UK criminal probe from Serious Fraud Office

The Serious Fraud Office is looking into claims of corruption in the bidding process for the 2018 and 2022 World Cups.

Scottish football: Celtic winger Aleksandar Tonev's appeal against seven-game ban to be heard on December 4

Celtic winger Aleksandar Tonev will find out on December 4 if his appeal against a seven-match ban has been successful.

Mail Box

Mails: Quit Massaging Mourinho's Ego

That's the message from the afternoon mailbox after it was claimed that the Chelsea boss has transformed Cesc Fabregas into a complete player. Plus, more on Arsenal...

F365: Saving You From Bad Relationships

A cracking Mailbox, with thoughts on Chelsea, Willian, Jurgen Klopp, Brendan Rodgers and Aguero. Plus how Football365 saved one man from an unhappy relationship...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property