Port Vale: Vale buyout talks set to begin as club goes into administration

“Harri7495, the L2 salary cap is 60% of income, to be reduced to 50% next season. Not as tough as in the Premiership with Leicester Tigers, £5M pay cap to all clubs but with an income of £20M limits how many players they could have. I am surprised that £2 would get an adult into Leek Town, Tier 7 clubs charge a £5 nowadays, in Tier 6 a seat is £12.”

“there is no such thing as a wage cap in div2! how are crawley abiding by it? its a myth! it would have to pass through the european courts to come into affect and would also have to apply to the whole of the football league! the football league needs to look at the system that rugby league has in place! rate clubs on their revenue, attendance, stadium size and amenties , youth policy etc its easy to throw the murdoch comments about isnt it! but fact are facts! man utds clubs shop probably sells more in a day than all of div2 together! go up hanley and count the premier league shirts agaisnt vale shirts? football has changed! i used of dream of playing for vale! i used to play agaisnt adam yates whn he was young! great player! but i wouldnt swap positions with him! im not struggling paying my mortgate! now live in a tropical climate by the beach! got paid to move here too and know that i have a skill/career to lastuntill retirement age! the likes of adam wont have enough cash to retire when their skills fail them! they will have to start again just like 16 year olds who is willing to train 35 year olds knowing that they only have 20 years left in the work force! id rather employ a teenager who i may get 40 years of work out of! im a massive football fan love the lower league but be releatic 20 quid to go watch vale or 2 quid to watch leek town whats better value! the club needs streamling as does football in general! living in australia has opened my eyes to local sport! it can flourish but they look after their community not players that come n go! the guys play knowing that they wont make much money but if they are good enough the money will come! look up darren lockyear the pele/messi/maradonna of rugby all rolled into one! rooney probably earns more in a month what lockyear earnt in his career! but the players accept that the money is for the good of the game not themselves! english sport needs to learn this! brisbane broncos are the man utd of the sport but stick to the same salary cap as everyone else”

“warren a sound appraisal of the vale's situation and i suspect an appraisal that could apply to a number of div 1 and 2 clubs.”

“Harri7459, Perhaps you haven`t noticed from your Murdock armchair that the Conference is a National league and mainly full time. As long as clubs stay within a realistic budget there is no reason why local football cannot give years of participation and enjoyment to real fans. There is a wage cap in L2 which appears to work for most clubs, but bad financial management ruins all businesses.”

“Algy7, As Micky explained, heat of the moment stuff after a frustrating defeat. But out of a couple of sentences, a weekend of rumour erupts. Perhaps after this coming week we can concentrate on new owner speculation, with Micky and most players settled, and pay arrangements understood. Always hopeful, but mindful that football is a funny old game.”

“ValliantFosse,
I completely agree with what you say. My concern was that after his meeting with Mr, Young was that something was said that concerned Micky Adams, personally, so serious that he felt the need to seek legal advice. It's obvious that he has been told some duff information about the paymant of wages.
Consider the facts, the administrators need some time to bring some order to mess they will obviously find. The PFA have agreed to pay the playing staff, the Council package will pay other wages, and finally there is the gate receipts from the Burton and Barnet games. It's obvious that it's not a question of if people will get paid, but when they will get paid. And now I've read the headlines on the back page of the "Sent'nel", Micky Adams says " I'm going nowhere".
Just makes me wonder what all the fuss was about.”

“League 2 has a wage cap of 60% of income. According to David Gold, West Ham United's owner, League 2 is the only division where overall clubs are profitable. Reasons for that include the wage cap and avoidance of debt and the use of debt to take ownership. All Port Vale's problems come back to poor management at board level including debt leveraged ownership, trading losses, growing debt, misconduct, poor governance and in 2011/12 unrealistic budgeting having harmed irreparably customer relations.”

“Still trying to work out how div1 and 2 is still fulltime? Rudgie used to reckon 15 years ago that average crowds of $10,000 to break even! So how does it work now with higher wages and lower crowds and way more police costs etc? Vale park must also cost lots to run as it a very nice stadium too good for div2! The football league need to sit down and reduce costs of div1 & 2 clubs maybe the answers could be partime? Wage caps? Limited to a number of fulltime pros? Regionalise divisions? Scrap transfer fees make players stay at a club for a full season? People need to think long term as vale are just one of many clubs in the situation? How many more will go before the end of the season? How much money are accountants taking of the game too? The lower leagues need to rip up the current format and start from scratch! Admin twice in ten years is too much and it will happen again as vale dont generate enough income! Alot people watch sky instead as they can watch the messi's ronaldos and rooneys of this lifetime rather than some old work horse 6ft 2 centre back lump the ball up the park as far as he can! All in the comfort and warmth of your own home watching possibly the greatest footballer of alltime!!!”

“Dell boy and his mate in that photo”

“As I recall, Micky Adams dumped Port Vale
for greener pastures and higher salary at Sheffield. Utd
at a time when actually Vale were starting to slip.
He then went on to take Sheffield into relegation and was
duly sacked. no one else came to employ his services
just Bill Bratt, who could not get him back fast enough,
If he is now considering leaving because of a salary cut
then so be it.
This season prior to January and Board room revelations, the team
had performed just above average, certainly nowhere near automatic
promotion standard and even if he had had the funds for players
in january, play-offs would have been the best hope.
Having been deducted 10 points, it seems that he has thrown in the towel
and given up any hope of play offs, even with 11 games to go, 33 points
at stake, why ?
It was 8 games undefeated prior to Saturday, a new buyer could be in place
before the season ends.
Of course he and all connected with the Vale are
disappointed with the turn of events at Board level,
but administration is not liquidation and a more
positive attitude would be welcome”