UPDATE: Port Vale Takeover Effort...Come on Gianni

[Macmoish]

This is your chance to step in...Don't give up because of what happened last time....


BBC - Mike Newton increase Port Vale takeover offer

Newton calls for quick decision

New York businessman Mike Newton has upped his bid to take control at League Two club Port Vale to £500,000.

Newton also told a supporters meeting on Thursday night that he had declined the offer to join the current board.

He told BBC Radio Stoke: "I am backing myself to be the man to turn the club's fortunes around, and I have the money ready now to invest."

Newton would be the new chairman and former Stoke City player Graham Shaw will become the chief executive.

The supporters meeting was attended at the Jubilee Hall in Stoke and was attended by around 200 Vale fans.

Stoke-born Newton added: " I have a three-year plan where I want the club to break even and I will declare the minutes of every board meeting to the fans so that can see what is going on at their club.

"I think there is to much secrecy at the Vale and supporters should be able to look at all things that are going on.

"I won't make any money out of this but I want to make Port Vale a successful club hopefully one day that will be in the Championship."

The Vale are looking for investment and are in on going talks with club sponsors Harlequin Property and another un-named potential investor as they are set to post £500,000 losses on last season

news.bbc.co.uk/sport2/hi/football/teams/p/port_vale/8910840.stm

[Lonegunmen]

Please gianni, go for it, perhaps your loyal friends could join up and support your bid.

[Macmoish]

Not too late. Come on Gianni...Scoop in and steal the prize at the last gasp

BBC

Port Vale board to vote on Mike Newton's takeover bid

Port Vale's board will meet on Thursday to vote on a potential takeover from New York-based businessman Mike Newton.

Newton put a formal offer to Vale chairman Bill Bratt on Saturday in a bid to become majority shareholder and take over the role of chairman.

The vote comes amid reports that other parties are interested in investing in the League Two club.

"Now we've got the actual document and can look at it we can sort it out," Bratt told BBC Radio Stoke.

Newton's interest in the club has been public for a number of weeks and some Vale fans have criticised the club for their slow response.

There's a lot of untruths been put out. It's a little bit of scaremongering in my view. We certainly won't be going into administration in January

Port Vale chairman Bill Bratt
Appearing on BBC Radio Stoke phone-in Praise and Grumble, Bratt defended the board and attacked the way Newton had conducted himself.

"He gave me the offer for the first time in writing (on Saturday)," he said. "We've had criticism that we haven't replied to the offer but how can you reply when you haven't had it he said.

"We've discussed it. There's been a lot of questions sent back to Mike. We've had some answers but not all of them.

"There will be a board meeting this week and we'll get back to Mr Newton and let him know what our decision is."

Bratt also criticised Newton's use of the media to further his bid.

"I don't agree with his tactics, going into the papers and everything else when it was supposed to be confidential," he said.

The Vale chairman then set about rejecting claims that the club needed Newton's investment, reported to be worth around £500,000 to stay afloat.

"There's a lot of untruths been put out. It's a little bit of scaremongering in my view. We certainly won't be going into administration in January," he said.

Bratt added that there has been interest from another unnamed party seeking to invest in the club. He did concede however that a cash injection from club sponsor Harlequin may not materialise in the near future due to problems within the property business.

606: DEBATE
Have your say on the prospective takeover
"They've been the best sponsors we've ever had but they've got to sort out their problems before they sort out ours," he revealed.

"We've been approached by another consortium though, they've put an offer to us, it's a similar sort of deal to Mike Newton's, similar sort of money but this is all up front."

Bratt admitted that he was ready to step aside, but assured fans that he would only hand over responsibility for the club to an individual with its best interests at heart.

"I'm ready to hand over the reins because of various reasons but we need to ensure that the club survives for the future," he said.

Newton has since responded to Bratt's claims with defiance, adamant that the club is in need of a cash injection.

"I don't care what the chairman says about the cash flow position, the club needs more cash and it needs new ideas," he said.

Newton also promised that he would continue to explore every possible avenue in his bid to take control of Vale, regardless of the board's decision.

"I'm not going away, the directors have to be accountable. I will assess what the fans are saying, what people want me to do and then move from there," he said.

"There are a couple of things up my sleeve. I believe that my solution of cash plus expertise plus radical reform is the best way ahead for the Vale."

newsvote.bbc.co.uk/sport2/hi/football/teams/p/port_vale/8928040.stm

[Zamoraaaah]

You never forget your first love!

Joking aside I really think Paladini should go for it. Far better to jump than wait to be pushed.

Also I believe Wearethevaleboys.com is still available...

[Bushman]

Very unfair to suggest Paladini for Port Vale. What have the Vale done to deserve that.

[sharpy]

Not a penny spent on agents fees last season.

That will need to be adressed.

[cpr]

Aug 19, 2010 18:03:28 GMT @sharpy said:

Not a penny spent on agents fees last season.

That will need to be adressed.

[Macmoish]

And surely Gianni could match this kind of action

BBC

Newton takeover could see Micky Adams leave Port Vale

Port Vale manager Micky Adams says he may have to consider his future at Vale Park if Mike Newton's proposed takeover of the club is successful.

Newton has said that he will run the Valiants' youth team independently from the first team if he becomes chairman.

"I'm responsible for all footballing matters," Adams told BBC Radio Stoke.

"That includes the youth department. If Mike Newton decides to come in and scrap that, then I would have to look at my position."

The Vale board will meet on Thursday to vote on a potential takeover from New York-based businessman Newton.

Newton put a formal offer to chairman Bill Bratt on Saturday in a bid to become majority shareholder and take over Bratt's role.

The vote comes amid reports that other parties are interested in investing in the League Two club.

"Now we've got the actual document and can look at it we can sort it out," said Bratt.

Newton's interest in the club has been public for a number of weeks and some Vale fans have criticised the club for their slow response.

"He gave me the offer for the first time in writing (on Saturday)," added Bratt. "We've had criticism that we haven't replied to the offer but how can you reply when you haven't had it?

"We've discussed it. There's been a lot of questions sent back to Mike. We've had some answers but not all of them.

"There will be a board meeting this week and we'll get back to Mr Newton and let him know what our decision is."

There's a lot of untruths been put out. It's a little bit of scaremongering in my view. We certainly won't be going into administration in January

Port Vale chairman Bill Bratt
Bratt also criticised Newton's use of the media to further his bid.

"I don't agree with his tactics, going into the papers and everything else when it was supposed to be confidential," he said.

The Vale chairman then set about rejecting claims that the club needed Newton's investment, reported to be worth around £500,000 to stay afloat.

"There's a lot of untruths been put out. It's a little bit of scaremongering in my view. We certainly won't be going into administration in January," said Bratt.

Bratt added that there has been interest from another unnamed party seeking to invest in the club. He did concede however that a cash injection from club sponsor Harlequin may not materialise in the near future due to problems within the property business.

606: DEBATE
Have your say on the prospective takeover
"They've been the best sponsors we've ever had but they've got to sort out their problems before they sort out ours," he revealed.

"We've been approached by another consortium though, they've put an offer to us, it's a similar sort of deal to Mike Newton's, similar sort of money but this is all up front."

Bratt admitted that he was ready to step aside, but assured fans that he would only hand over responsibility for the club to an individual with its best interests at heart.

"I'm ready to hand over the reins because of various reasons but we need to ensure that the club survives for the future," he said.

Newton has since responded to Bratt's claims with defiance, adamant that the club is in need of a cash injection.

"I don't care what the chairman says about the cash flow position, the club needs more cash and it needs new ideas," he said.

Newton also promised that he would continue to explore every possible avenue in his bid to take control of Vale, regardless of the board's decision.

"I'm not going away, the directors have to be accountable. I will assess what the fans are saying, what people want me to do and then move from there," he said.

"There are a couple of things up my sleeve. I believe that my solution of cash plus expertise plus radical reform is the best way ahead for the Vale."

newsvote.bbc.co.uk/sport2/hi/football/teams/p/port_vale/8928040.stm

[Macmoish]

It's yours Gianni for the taking. Port Vale have rejected the other offer. Come on.

Aren't you sick of having to take orders? Of people reporting back what you said a year or two or five years ago? Time for a fresh start: Just Do It....


Port Vale Official Site

CLUB STATEMENT
Posted on: Fri 20 Aug 2010


The Board of Port Vale Football Club has come to a majority decision to reject the offer submitted on 14.08.10 by Mr Newton.

The conditions are not acceptable to the Board for the following reasons:


1. The Board feel that the Football side of the club is well managed and properly staffed and the changes Mr Newton states that he would force on the club are ill thought through and would de-stabilise the football activity and increase the chance of breaking up the football management team to the detriment of the club and it's football activities. (The proposed youth department redundancies have not been considered).


2. The Board objects to the proposed appointment of a key member of the administrative staff who is unproven in their respective role and was to be given a three year contract. This person has no experience of running a modern day football club which is a multi-faceted business.


3. The Board has examined in detail Mr Newton's business proposal and feel that it is not convincing and contains no real substance. The intended savings against budget are not achievable and will not improve the club


4. The club was unable to obtain references for Mr Newton & Mr Shaw.




5. The offer dated 13.08.10 was amended from the original proposal of £400,000.00 nvestment immediately.

The board of Port Vale Football Club are working hard to secure the financial future of the club and can confirm that many of the recent press and media reports have been misleading.


We are concerned about the lack of confidentiality and the manner in which the negotiations have been conducted. We feel that it is important to maintain the clubs stability and are concentrating on the future development of the club.


www.port-vale.co.uk/page/NewsDetail/0,,10381~2129684,00.html

[Lonegunmen]

Could we give him a free transfer there?

[blueeyedcptcook]

Come on Gianni, do it. All it take's is the letter A. Spend some of your LIRA, and no longer be condemmed as a LIAR. ;D ;D

[Macmoish]

"Puppet Master" : I saw this sub heading in a story about the Port Vale takeover, and I thought.....Well I don't need to get into that
www.thisisstaffordshire.co.uk/news/Port-Vale-Sentinel-Focus-playing-matters/article-2557531-detail/article.html


Stoke Sentinel

Port Vale: Newton hits back at Vale board
MIKE Newton has hit back at Vale's board over their decision to reject his £500,000 investment offer.

The club's eight directors voted 5-3 against the 40-year-old's investment proposals, including his bid to replace Bill Bratt as chairman, on Thursday.

In a statement the board outlined their reasons for turning their back on the New York-based hedge-fund trader, pictured right.

They included the board's objection to Newton changing his initial offer of investing £400,000 immediately to paying £500,000 in installments.

But Newton insists he would have honoured his financial commitment to pay £200,000 up front and the same amount at the end of the campaign.

"The whole statement is one long round of excuses," said Newton.

"I've been very clear that this cash is not tied up in assets which have to be sold.

"I want root-and-branch reform at Port Vale and paying £200,000 up front and the same further down the pipe will get people used to working on tight budgets and to a new way of doing things.

"Phasing the payments is a carrot to get people working in a new way.

"The idea that I've not got the money is ridiculous.

"The board have been shown proof of funds from one single bank account which contains more than £1m in cash.

"Any agreement I sign at Port Vale would be rendered null and void if the second £200,000 wasn't paid."

Newton intended to reserve the outstanding £100,000 for manager Micky Adams to use as an emergency transfer fund.

The board also criticised Newton's proposal to hand Bratt's chief executive job to former Stoke City striker Graham Shaw by insisting the solicitor lacked the required experience to perform the role.

But Newton added: "Graham Shaw is 100 per cent qualified to be chief executive. He would have my complete trust in handling my investment. He is a motivated, honest, knowledgeable and has the contacts to take Port Vale forward."

The Sentinel understands that directors Mike Lloyd, Paul Humphreys and Mike Thompstone voted in favour of Newton's proposals.

But Bratt, vice-chairman Peter Jackson, Graham Mudie, Glenn Oliver and Stan Meigh voted against him.

It is also believed Potteries pop star Robbie Williams, who invested £249,000 in Vale in 2006, also stated he was against Newton's proposals after being consulted by the club.

www.thisisstaffordshire.co.uk/portvalenews/Port-Vale-Newton-hits-Vale-board/article-2557530-detail/article.html