Port Vale: Paul Wildes' takeover bid completed ahead of Bristol Rovers clash
THE takeover of Port Vale by Alchemy Investment Group has been officially completed today.
Confirmation of the deal comes after administrators Begbies Traynor and Football League officials approved the £1.25m bid by Paul Wildes and Norman Smurthwaite.
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The Valiants will now come out of administration, eight months after entering in March of this year.
In a statement on the club's website Paul Wildes, who was named as the preferred bidder last month, said: "I would like to thank the Port Vale supporters, once again, for their ongoing patience and support.
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"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 Micky 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."
Paul Wildes will become club chairman, Norman Smurthwaite has been named as chief executive, and Mike Aspinall will take 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.
The Valiants take on Bristol Rovers at Vale Park tonight.
Comments
by Nicko12324
Thursday, November 22 2012, 12:30AM
“Always look on the bright side of life...
de do de do de do de do
Always look on the bright side of life...
Was hard at times but here we go now.....Come on Vale!”
by meirhayflyer
Wednesday, November 21 2012, 8:25PM
“Wise men say,
only fools go Stoke,
s**t,
but I can't help falling in love with you!
The Vale, the Vale!
go the new free vale”
by PVFCinLincs
Wednesday, November 21 2012, 7:04AM
“Great news. Still buzzing from it.
Last night it must have been buzzing around the ground as well.
Vale ripping into Bristol.
Fans seeing Popey get another record.
What a night to be a Vale Fan.
Looking forward today to see who MA's brings in.
Well done all those at Vale Park.”
by jswords
Wednesday, November 21 2012, 1:19AM
“Great night for the Vale,
boosted by the Takeover bid completion.
What a difference from Saturday
We are back on track again
and take a bow Tom Pope, a great acheivement.
Just to round things off, all the other results went Vale's way.”
by Robnoxious
Tuesday, November 20 2012, 11:08PM
“The start of a new era. it's been a long time coming. well done to all the staff and players for your commitment to the club and also the caretakers of the club in the interim .These things are never easy. Now the hard work begins, but things will be made for the better, more quickly with success on the pitch. What we now need to do is to get behind the club and the team and show full support. Vote with your feet and through the turnstiles Back on track, enjoy the ride and feed the POPE.”
by YorkValiant
Tuesday, November 20 2012, 10:19PM
“This is it, the day we've all been waiting for! New owners in place, who are already implementing their plans, and Micky poised to swoop to bring in some loanees and finally bolster our squad. What's more, a massive win and defeats for the three other top teams means that we're again on the front foot. Really, what is there to stop us now? The sense of relief is palpable, and it feels brilliant to be a Vale fan!”
by ValeinSpain
Tuesday, November 20 2012, 9:59PM
“A fantastic night!!! It's been a long time coming, but Vale are on the way back. No doubt about it. Congratulations to all involved with PVFC.”
by algy7
Tuesday, November 20 2012, 7:32PM
“Brilliant news. Congratulations to Messrs Wildes and Smurthwaite for their aquasition, may their stay be long and fruitful: and a big thank-you to Mr. Bob Young, and his colleagues, at Begbies Traynor for their work, and the City Council, without whose financial backing there would not be a Port Vale playing tonight.
The supporters should also give themselves a massive pat on the back, as they've played a big part in the clubs survival. But everyone should give a great vote of thanks to Micky Adams, this man, and his staff, has held this club together over the last twelve months where a lesser man would have given up. Thank-you Micky.
The news was also given out on BBC midland sport, and all three presenters seemed genuinely pleased for the club, and supporters. Then they spoiled it all by talking about stokes massive draw at West Ham, still as they say, "After the Lord Mayor's show, comes the muck cart".
THE FAITH HAS BEEN KEPT.”