Port Vale Takeover

The takeover of Port Vale is now complete. Paul Wildes, CEO and Founder of the Alchemy Investment Group and Norman Smurthwaite has bought the club.

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Paul Wildes announced as new Port Vale owner

Paul Wildes, new Port Vale Football Club owner
Paul Wildes, new Port Vale Football Club owner Credit: ITV Central

“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 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

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Port Vale takeover complete

Paul Wildes, CEO and Founder of the Alchemy Investment Group and Norman Smurthwaite have today finalised the takeover of Port Vale Football Club with administrators Begbies Traynor.

The deal, which follows full approval from the Football League is worth £1.25m and means that Port Vale will now come out of administration, eight months after entering it in March 2012.