Local business owners and fans confirmed as new Port Vale owners
Port Vale owner Norman Smurthwaite has sold the League Two club to local IT firm owners Carol and Kevin Shanahan.
The Shanahans, both long-standing Vale supporters, who own Potteries-based firm Synectics Solutions, have bought the club in its entirety.
"We're not going to gamble our future by spending ridiculous amounts," Carol Shanahan told BBC Radio Stoke.
"But the first action we took was to buy Vale Park too. The freehold and the land around is now owned by the club."
She added: "The income streams from anything at Vale Park will now go straight into the club, which is a big change.
"We knew we had to come in and almost come and liberate the club. The club has come back to the fans.
"If ever we had any doubt, the Notts County game showed us not to have doubts. The atmosphere was different and it has been every match since."
Kevin Shanahan added: "The key thing is that were able to put a budget together which has a proper amount for players. And we know we can compete there."