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.
Northampton 2- 0 Port Vale
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Port Vale FC administrators announced the club’s preferred bidder as Alchemy Investment Group today.
The group is fronted by Paul Wildes and his business associate Norman Smurthwaite.
In a press conference this afternoon, the new owners expressed their hopes that the club will make its way to the championship.
Manager Micky Adams was told that he will have money to strengthen the squad and scouting network if he needs it.
The deal is worth £1.25 million and could be approved by the Football League by end of October.
Port Vale Football Club are today expected to announce their preferred bidder.Read the full story ›
Port Vale's administrators are set to name Wirral-based businessman Paul Wildes as the new owner tomorrow.Read the full story ›
Chesterfield 2 - 1 Accrington
Dag & Red 0 - 0 Northampton
Fleetwood 1 - 2 Port Vale
More time is to be given to Port Vale Football Club to allow further bids from interested parties to buy the League Two Club.A full meeting of Stoke-on-Trent City Council took place this afternoon to discuss an update on the future of the club.
The team entered into administration in March, and the council is the club's biggest creditor.
Port Vale Supporters' Club has issued an urgent appeal for fans to muck-in and help to prepare Vale Park ready for the new season.Read the full story ›
Former Port Vale manager has been unveiled as Hereford United's First Team Manager.
Foyle, aged 49, beat off opposition from over 40 applicants for the vacant managerial job at Edgar Street.
Hereford United chairman David Keyte said, "We had been strongly advised by many people to appoint a manager who has Conference experience. "Martin certainly has a wealth of experience as player, coach, assistant manager and most importantly as manager."
"We'll be looking for him to draw on his experience and his contacts within the game to assemble a squad capable of challenging for promotion."
Foyle enjoyed a successful playing career as a striker, making appearances for Southampton, Aldershot, Oxford and Port Vale. He scored almost 200 goals in his 555 professional career.
Port Vale defender Clayton Rodney and Wales striker Ched Evans, 23, are due to stand trial this morning at Caernarfon Crown Court.
They are both accused of raping a woman at a hotel near Rhyl, north Wales.
They both deny the attack.