Port Vale unaffected by winding-up order

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A winding-up petition served to Port Vale by HMRC over an unpaid tax bill will not affect the football club.

According to the BBC, Norman Smurthwaite, chairman of the League One club, told the BBC that HMRC has taken the action against PVFC Limited, the club's holding company.

The footballing operations are run by a different company, PVFC.

Smurthwaite said a funding error has caused the problem and is expecting the order to be withdrawn.

Vale is due to appear in court in London on 18 August.

The club previously faced a winding-up petition in February 2012, before going into administration the following month, the BBC reported.

The club was in administration for eight...

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About Nick Huber

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I’m a specialist business journalist and have a particular interest in tax and technology. 


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25th Jul 2014 11:53

Logging In

Why do I need to re-logon to read different articles. It is annoying - why can't one log in suffice?

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25th Jul 2014 13:13

Just to clarify...

..re the ownership of Vale, where your article is a tad misleading.

Wildes was only ever the public face of the buy out, the money man always being Smurthwaite. The two fell out over a year ago now and Wildes rode off into the sunset with a healthy pay off.

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