Port Vale Definitely Becoming Worth Following!

have you heard of this sponser mac?

sounds funny to me

plastic pitch for port vale then

Its Washington State ( Seattle) for the first part of the trip and then onto Victoria British Columbia

ok, read it wrong, apologies.

PORT VALE OFFICIAL SITE

CLUB STATEMENT
Posted on: Fri 27 May 2011

Port Vale can confirm that the Club have been contacted by a number of fans, with regard to Robbie Williams handing his proxy at the forthcoming EGM to Port Vale Supporters' Club.

These supporters have expressed concern that the Supporters' Club is not fully representative of the club's fanbase, and the Club has passed these comments on to Mr Williams' representatives.

Port Vale is not in a position to comment on who a shareholder hands his proxy to, as this is an individual's privilege.

However, Port Vale would like to urge all supporters to make their opinion count at the open forum to be held by the Supporters' Club at Baddeley Green Working Mens Club on Saturday, May 28, from 2pm.

www.port-vale.co.uk/page/NewsDetail/0,,10381~2368125,00.html

Port Vale

EGM RESULTS
Posted on: Wed 01 Jun 2011

The results of today's Extraordinary General Meeting are as follows:



SPECIAL RESOLUTION - 1


FOR


AGAINST

THAT the Articles of Association of the Company be amended as follows:


110,028


107,612

The replacement of the figure of "£50,000" in the definition of Minimum Share Capital with the figure of "£10,000"

The replacement of "£1,000,000 with "£5,000,000" in article 8;

The removal of article 12 and the renumbering of the remaining articles;

The replacement of the wording of the new article 19 with "The Company may by ordinary resolution appoint a person who is willing to act as a Director either to fill a vacancy or as an additional Director.";

The replacement of "four" with "three" in the new article 17; and

The replacement of "four" with "three" in the new article 26.



ORDINARY RESOLUTION - 1


FOR


AGAINST

1THAT the Directors of the Company should have the powers given by Section 550 of the Companies Act 2006



117,865


106,605

ORDINARY RESOLUTION - 2


FOR


AGAINST

2THAT the shareholders have no confidence in the current Board of Directors of the Company



109,433


108,062

ORDINARY RESOLUTION - 3


FOR


AGAINST

3THAT Mr Mark Sims be appointed to the office of the Company Director with immediate effect.



111,042


106,438

ORDINARY RESOLUTION - 4


FOR


AGAINST

4THAT Mr Mike Thompstone be appointed to the office of the Company Director with immediate effect



103,639


111,221

ORDINARY RESOLUTION - 5


FOR


AGAINST

5THAT Mr Michael Clough be appointed to the office of the Company Director with immediate effect



108,625


108,825

ORDINARY RESOLUTION - 6


FOR


AGAINST

6THAT Mr William Amos Bratt be removed from the office of the Company as Director with immediate effect



106,484


111,131

ORDINARY RESOLUTION - 7


FOR


AGAINST

7THAT Mr Peter Jackson be removed from the office of the Company as Director with immediate effect


109,791


107,639

ORDINARY RESOLUTION - 8


FOR


AGAINST

THAT Mr Michael Lloyd be removed from the office of the Company as Director with immediate effect



107,330


110,155

ORDINARY RESOLUTION - 9


FOR


AGAINST

THAT Mr Stanley Meigh be removed from the office of the Company as Director with immediate effect



109,842


107,573

ORDINARY RESOLUTION - 10


FOR


AGAINST

THAT Mr Glenn Oliver be removed from the office of the Company as Director with immediate effect



108,294


109,221



www.port-vale.co.uk/page/NewsDetail/0,,10381~2370306,00.html

Today's Port Vale Update

Port Vale Official Site - STATEMENT: MARK SIMS

Wed 08 Jun 2011

Mark Sims was elected to join the Board of Port Vale at the EGM of 1st June 2011.

Since that time, Mark has seen fit to conduct the necessary formalities of his admission to the Board via various media outlets, rather than in the correct manner, directly with the Club and its legal representatives.
Simply phoning the Club, or visiting the Club from his own company office, which is five minutes away, would have enabled Mark to clear up the many misunderstandings which he currently seems to have.

Here are the facts of the matter, as they currently stand -

1. Immediately after the EGM, on Wednesday, 1st June 2011, the Directors of the Club opened a constructive dialogue, at a meeting with Mark Sims and the North London Valiants.
During that conversation it was agreed that the first necessary step was that Robbie Williams' solicitors should provide formal written confirmation of Robbie Williams' sponsorship of Mark Sims to become a Director.
Both Mark Sims and the North London Valiants agreed that this was a necessary formality, and the North London Valiants representatives who had arranged the sponsorship agreed also to arrange that confirmation.
Mark was further reminded, during a conversation with the CEO, Perry Deakin, on Sunday 5th June of the necessity to provide that formal written confirmation as a pre-requisite to admission to the Board.
As at close-of-business on Tuesday 7th June, the formal confirmation from Robbie Williams' solicitors had not been received by the Club.

2. Subject to that first pre-requisite being correctly fulfilled, a second pre-requisite to admission to the Board (of any professional Football League Club) is that the prospective Director should submit the necessary documentation to the Football League to enable the authorities to carry out their Owners And Directors Test on the applicant.
That application must be signed by the applicant and counter-signed by the Club.
The copy of that application which was posted off to the Football League prior to the EGM had, as Mark Sims is already aware, been signed by the applicant but not counter-signed by the Club.
As at close-of-business on Tuesday 7th June, Mark Sims had not contacted the Club to fill out a new application form, including both of the required signatures, so that it is ready to submit, as and when Pre-requisite 1 has first been fulfilled.
In order to assist Mark Sims to complete the necessary application, Bill Lodey, in his role as the Company Secretary, will contact Mark on Wednesday 8th June to arrange a convenient time either for Mark to visit the Port Vale offices or for himself to visit Mark's offices, so as to complete the application.
The application will then be held on file until Pre-requisite 1 is fulfilled, at which point it will immediately be submitted to the Football League by Bill Lodey.

3. The correct approach to carrying out due diligence is never via a press release.
If Mark Sims would like to submit the questions which he mentions in his press release to the Club, in the proper formal manner, in writing either directly from himself or via his legal representatives, then they will readily be answered.
Detailed financial due diligence will also be arranged promptly, once Mark Sims has satisfied the above-stated Pre-requisites 1 and 2.
It is self-evidently inappropriate that someone who does not yet own any shares in his own right, and has not yet provided proof of sponsorship by a shareholder who does satisfy the minimum share qualification, should be granted access to the club's financial information.
It is equally self-evidently inappropriate that someone who has not yet satisfied the Football League's Owners And Directors Test in order to qualify as a Director should be granted access to the club's financial information.

4. When Mark Sims has asked the questions which he mentions in his Press Release, but which he has not yet submitted to the Club, and has then received the answers -

Mark will be aware of the exact extent of the "financial obligations, guarantees, responsibilities" which he will be expected to take on as a new Director

Mark will also note that the "financial obligations, guarantees, responsibilities" which he would be required to assume are exactly the same as those which the present and preceding Directors have sustained for many years, and which the present Directors continue to sustain now.

Mark will further note that those "financial obligations, guarantees, responsibilities" are rational and well-considered, and are also absolutely essential for the successful operation of the Club.

Every new Director of Port Vale is required to take on an exactly equal share of those "financial obligations, guarantees, responsibilities", and Mark Sims will also be so required.

5. Engaging in negative and unfounded comments about the state of the Club's finances, and the completeness of the information provided therein, before Mark Sims and his representatives have even seen the accounts is clearly both irrational and a poor start to what we hope will be a constructive and respectful working relationship, in order to help Port Vale to progress in the coming season.
Port Vale is regularly complimented by the Football League on the exemplary clarity and completeness of all of its accounts.
Mark Sims and his accountant will be able to see this fact for themselves, as and when Mark Sims fulfils the necessary pre-requisites described above.

6. To deal with the other incorrect claims -

Major shareholders have not had current Directors asking them to consider selling their shares.
Our best understanding of the facts is that one major shareholder, who currently has some business difficulties, was given the generous offer by one former Director of help in finding someone to buy his shares.
That buyer would not be either that former Director or any of the current Directors, and it was always made clear to the shareholder that this was the case.

All three Directors are not now on holiday; two Directors are working, one is on a well-earned holiday.

The Club's Head of Finance is also working his usual schedule and could never, in any case, be "instructed to take three weeks leave" as Mark Sims suggests.

7. Referring to Micky Adams as "an 'insider' type fourth director" is offensive and wholly inaccurate.
All supporters who are good judges of character will know that Micky Adams always has been, and always will be, entirely his own man.
Micky has set out in great detail his reasons for applying to become a Director of Port Vale, and all of those reasons are admirable and of benefit to the future of Port Vale.
Mark Sims would do well to learn from Micky's good example, and start putting Port Vale first.

In addition, the announcement of Micky Adams' candidacy now gives Mark Sims the further time to consider his own candidacy which Mark himself has stated he requires, so should also be welcomed by Mark on those grounds.

8. If Mark Sims is still serious in his intent to join the Board, then Port Vale Football Club would encourage him to work with the Board and the Club staff to finalise his admission formalities and then to join us in making the coming season very successful.

www.port-vale.co.uk/page/NewsDetail/0,,10381~2373207,00.html

Isn't Robbie Williams a top banana there?
Blow it up!.... let him see bloody Angels instead!! ;D

Tel

But Gianni of course had a Port Vale family connection which would have strengthened his bond to the club

Port Vale Official Site Update

STATEMENT: NORTH LONDON VALIANTS

Posted on: Fri 10 Jun 2011

Port Vale Chief Executive Perry Deakin has issued the following statement, following information that was released to the media this morning by North London Valiants.

"The club received an email yesterday from Malcolm Hirst on behalf of North London Valiants, with regard to their requests for Board candidacy.

"I was disappointed therefore to read in the local media this morning that all of this information was disclosed into the public domain, when Malcolm himself had stated that he would prefer it to remain confidential.

"There are both moral and legal implications for the proposal of a further director and to consistently conduct matters through the media is not helping any party.

"Negotiations should be conducted in a professional, private manner without media releases containing what amounts to demands, in addition to comments which are both unfounded and unhelpful."

www.port-vale.co.uk/page/NewsDetail/0,,10381~2374708,00.html

When Saturday Comes (WSC)
Robert Fielding onevalefan.co.uk

Port Vale's board ignores the fan message

11 June ~ The long-running soap opera that has been going on at Port Vale shows no sign of abating over the summer months. Centre-stage is the vastly unpopular Port Vale board. Despite regularly professing to be "for us all" and being a "supporters-led board", the three current directors gained just the support of just 14 fans among over 900 who responded in a recent poll.

An EGM called by the supporters was held, at the board's request, on a Wednesday morning in the middle of school holidays. The board – comprised of five men at the time and nicknamed the Jackson Five after one of them, Peter Jackson – insisted on a ballot conducted on a "one share, one vote" basis, despite the group's founding principle being "one shareholder, one vote". This enabled a handful of large shareholders – chief among them, local businessman Rob Lee – to keep three of the board in power, although two other directors were ousted and the board lost an overall vote of no confidence. Remarkably, despite publicly declaring on no less than 14 occasions that he would "happily stand down" if he lost the support of the fans, chairman Bill Bratt duly ignored calls from shareholders to resign, and remained on the board.

The EGM left the club with a non-viable board of just three directors. Manager Micky Adams, back for a second spell at the club after a few months with Sheffield United, was controversially asked to stand as a fourth director, thus allowing the board to function legally. But it then came to light that Adams, who is not a shareholder, would have his directorship sponsored by Stan Meigh, one of the directors deposed at the EGM. The news immediately lead to accusations of Adams being a board pawn and calls for a man who confesses to have "no interest in club politics" to stay out of the boardroom.

The Sproson Fund has spent ten years raising funds for a statue of late Vale legend Roy Sproson. Roy made 844 appearances in 20 years with the Vale, his only league club, who he also managed. In many fans' eyes, he was/is the ultimate Port Vale ambassador. The board delayed work on the statue's foundations, citing a lack of proper "paperwork". The Sproson Fund were furious and saw this as the board hitting back at the group for supporting the pro-change lobby. For many Vale fans, it is the ultimate insult. It's one thing to remain in power when hugely unpopular or to not resign when you've promised to do so on many occasions, but to denigrate the memory of a Port Vale legend is simply a step too far.

Robert Fielding onevalefan.co.uk

www.wsc.co.uk/content/view/7318/38/

Sentinel

Port Vale: Chaudry could sue Broxap over failed share deal

Saturday, June 18, 2011

MO Chaudry is considering taking legal action against Broxap for breach of contract, claiming they reneged on a deal to sell him their £50,000 stake in Port Vale – effectively blocking his £1.2m bid to take over the club.

Chaudry agreed to buy Broxap's 10,000 shares at a discounted price of £40,000 after striking a deal, via e-mail, with Robert Lee, the Newcastle firm's chief executive.

1.
​SETBACK: Prospective Port Vale investor Mo Chaudry is considering legal action over a failed share deal.

SETBACK: Prospective Port Vale investor Mo Chaudry is considering legal action over a failed share deal.

In return, Broxap agreed to vote to remove the club's five-man board at the extraordinary general meeting on June 1, but then switched sides 24 hours before the shareholder poll.

Lee instead agreed to sell the shares to one or more unnamed directors following an approach from Vale chairman Bill Bratt and then voted in favour of the board at the EGM. Broxap's late U-turn resulted in Bratt and his fellow directors Glenn Oliver and Mike Lloyd surviving, effectively putting Chaudry's investment plans on hold.

"I'll be reviewing the situation over the next 10 days to decide whether to seek a legal remedy against Robert Lee, Broxap or both," said Chaudry.

"Broxap have broken a verbal and written contract for the first part of our agreement, which was to hand me their proxy. Mr Lee has also breached the confidentiality part of the agreement.

"A court could switch the direction of Broxap's 10,000 shares towards voting against the board. That would change the result because the existing directors would be removed.

"I could also sue for other damages, including the substantial costs I have incurred since submitting my bid to buy the club last December which are in excess of £50,000. There are also other potential damages, such as to my reputation."

Chaudry claims he agreed a deal with Lee to buy Broxap's shares for £40,000, plus Vale Park and matchday programme advertising said to be worth a further £4,700.

He says Lee broke their confidentiality agreement by outlining the details of their deal in an e-mail to supporters which was then posted on the OneValeFan website.

Lee states in the e-mail that Broxap felt "cheated" by Chaudry's "inadequate and unfair offer" and that Bratt offered to pay the full £50,000 immediately "without conditions".

Chaudry insists he was unable to buy Broxap's shares immediately as the deal required board approval, plus there was an embargo on share transfers from late April until after the EGM.

"I was not trying to get Broxap's shares on the cheap," added Chaudry. My accountant advised me to offer Broxap benefit in kind by way of sponsorship to the tune of £50,000 if I took over because the shares are worthless.

"That was not accepted, but Mr Lee came back to me and said they were looking for me to buy their shares at face value or near to face value.

"So that opened the door because they wanted to do the deal without necessarily accepting the full price.

"I made an offer which I thought was more than reasonable. I offered a 20 per cent discount, but it was still at a premium price because the shares are worthless due to the precarious finances of the club.

"Once they had received the counter offer they had a moral and legal courtesy to come back to me ... but they didn't for the sake of £5,300."

Lee refused to comment.

www.thisisstaffordshire.co.uk/Port-Vale-Chaudry-sue-Broxap-failed-share-deal/story-12795031-detail/story.html


Meanwhile....

Sentinel - Micky Adams joins Port Vale board

PORT Vale have a legitimate board again after manager Micky Adams received the backing of sufficient club shareholders to become a director.

The 49-year-old boss needed to attract the backing of more than 50 per cent of the club's total shareholding – or 117,471 shares worth £587,355 – in the postal ballot.

He surpassed the target after 123,021 shares worth £615,105 were cast in favour of his appointment, the club announced last night.

But the announcement of Adams's new role was met by continued opposition from fans' groups opposed to the current regime at Vale Park.

Adams launched his bid to join the board after the club's June 1 extraordinary general meeting left Vale with just three directors – one short of the legal minimum.

The impasse meant Adams was unable to bring in new players or confirm the contracts of those already at the club.

He said: "It's less than two weeks until the players report for pre-season training and I'm very pleased that we're finally able to bring in new faces.

"It's not been an ideal situation for anyone and I'm looking forward to getting on to the training pitch before the fixtures start in August."

Adams, pictured below, will join Bill Bratt, Mike Lloyd and Glenn Oliver in the Vale Park boardroom.

He does not own shares in the club, but has been sponsored by Stan Meigh, one of two directors voted off the board at the EGM.

"We're delighted Micky has received the support of our shareholders in joining the board," added Vale chief executive Perry Deakin.

"This will offer immediate benefits in terms of signing players and operating as a functioning board."

But representatives from anti-board groups continue to voice their opposition to Adams's elevation.

Gerald Fielding, the father of OneValeFan website operator Rob Fielding, was at Vale Park yesterday to ensure the share count was conducted correctly.

Fielding Jr, aged 40, from Aylesbury, said: "We oversaw the counting in an unofficial capacity and we're happy with how that part of the voting process was carried out.

"However, we remain disappointed with Micky Adams's decision.

"He's directly supporting a board with no mandate from the fans and we appeal for him to step down.

"We're here for the long-term and the campaigning will continue. Our monitoring of the vote shows fans will be scrutinising this board's every move."

Alan Baker, spokesman for the Black and Gold Until It's Sold campaign, added: "Micky has entered very difficult territory. As far as I'm concerned it puts him in the same category as the rest of the board.

"The battle will go on regardless, and if that means Micky has to go with the rest of the current board, then so be it."

Dave Felstead, vice-chairman of Port Vale Supporters' Club, said: "Micky said he only wanted to be involved with what happens on the pitch, not in the boardroom. But by doing this, he's not being true to his word.

"It's hard to be positive about this because the board shouldn't be in place after losing a vote of no confidence at the EGM."

Chaudry seeking redress: Page 55

www.thisisstaffordshire.co.uk/Micky-Adams-joins-Port-Vale-board/story-12795073-detail/story.html