The leader of Stoke-on-Trent City Council has moved quickly to make arrangements to consider expected fresh documentation for creditors who are owed money by Port Vale (Valiant 2001) Football Club Ltd.
The council understands that it will today (Wednesday) receive documentation from club administrator Begbies Traynor concerning the details of the best bid from the administration process and arrangements for a special creditors’ meeting to be held on 26 April. The club went into administration in March, and the city council is the League Two side’s biggest creditor.
Council leader Mohammed Pervez said:
“We are awaiting information from Begbies Traynor, and want to assure city taxpayers, fans and the club that we will be moving swiftly to give it our utmost attention, when the detail comes through.
“In anticipation of receiving the documentation, I have convened a session of the council’s cabinet members to meet tomorrow (Thursday) night to consider the details.
“Given the significance of the issue, I have also asked for a special council meeting to take place on 25 April, so that all elected members can have the opportunity to discuss the situation.
“We will not be making any further statements until the information has been received and carefully considered.”