Vale on brink of administration

Vale on brink of administration

Port Vale are set to go into administration for the second time in just over eight years.

The npower League Two club was placed under a transfer embargo towards the end of last month, which prevented Chris Birchall from making his return for his hometown club against Northampton on February 25.

An unpaid Income Tax bill has led to a number of creditors contacting the Vale Park club, including Stoke City Council – who are reported to be owed in the region of £4m.

A statement on the club’s official website, www.port-vale.co.uk, said: “An application for an administration order has been made to the High Court in Birmingham today (Tuesday) to appoint Bob Young, Steve Currie and Gerald Krasner of Begbies Traynor as joint administrators of Port Vale (Valiant 2001) Football Club Ltd from Friday 9th March 2012.”

More in this Section

Gatland says Wales will keep feet on the ground after reaching rankings summitGatland says Wales will keep feet on the ground after reaching rankings summit

Manchester City denied late winner by VAR as Spurs steal a pointManchester City denied late winner by VAR as Spurs steal a point

Kilkenny return to Championship final after second half comeback against TippKilkenny return to Championship final after second half comeback against Tipp

Late Forrest strike ensures Celtic avoid cup upset against DunfermlineLate Forrest strike ensures Celtic avoid cup upset against Dunfermline


Lifestyle

Five things for the week ahead with Des O'Driscoll.Five things for the week ahead

From Liverpool’s beat-pop to Bristol’s trip-hop, Irish writer Karl Whitney explains the distinctive musical output of individual cities in the UK, writes Marjorie Brennan.Sounds of the City: The musical output of individual UK cities

As landlords’ enclosures of villages and commonages during England’s industrial revolution drove landless countrymen into the maws of the poet William Blake’s “dark Satanic mills”, a romantic nostalgia for the countryside began to grow.Damien Enright: Great writers took inspiration from walking

Take no risks, ‘do all the right things’, and you’ll lead a comfortable, but dull, existence. ‘Living dangerously’, on the other hand, yields ‘highs’ of excitement usually followed, alas, by pain andRichard Collins: Live fast and die young or last up to 500 years

More From The Irish Examiner