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Paul Wildes announced as new Port Vale 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


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.

Championship hopes for new owners

Port Vale FC Credit: Port Vale FC

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 given more time for bids

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.

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