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League One: Port Vale chairman claims winding up order not given to club, but it's holding company

As featured on NewsNow: Football news    eNewsletter

Port Vale have been issued with a winding-up petition by Revenue & Customs (HMRC) over an unpaid tax bill, but it won't affect the footballing side of the club, claims their chairman.

Norman Smurthwaite said HMRC have taken the action against PVFC Limited, the club's holding company, but the footballing operations are run by a different company, PVFC.

Smurthwaite has blamed a funding error and is expecting the order to be withdrawn but as it stands, Vale are due to appear in court in London on 18 August.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.

They were in administration for eight months in total, a spell which came to an end in November 2012 when businessman Paul Wildes completed his takeover of the club, before subsequently selling to Smurthwaite.

 

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