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Port Vale administration history: every insolvency event since 1986
Port Vale has two insolvency events on record between 2002 and 2012, costing 10 league points in total. The most recent: administration in 2 March 2012, League Two.
Port Vale timeline
- · Second Division · Administration
Port Vale, about GBP 2.4m in debt and owing GBP 600,000 to the Inland Revenue and Customs and Excise, were put into administration by the High Court in Birmingham. Fans' consortium Valiant 2001 took over in April 2003.
Owner at the time: Bill Bell (chairman, majority shareholder)
Outcome: Survived. Supporter-based consortium Valiant 2001 completed a takeover in April 2003 (BBC, 7 April 2003); old company dissolved (Wikipedia, unverified).
Sources: BBC Sport: Vale go into administration · BBC Sport: Bell to sell Vale shares · BBC Sport: Vale fans to take control
- · League Two · Administration · -10 points
Port Vale (Valiant 2001) Football Club Limited was placed into administration at a High Court hearing in Birmingham on the application of Stoke-on-Trent City Council, and the League Two club was deducted 10 points.
Outcome: Survived. Administrators Begbies Traynor, on Stoke-on-Trent City Council's application; CVA approved 26 April 2012; exited 20 November 2012 when Paul Wildes completed his takeover. Old company compulsorily wound up from 3 July 2013.
Sources: BBC Sport: Port Vale formally enter administration · BBC Sport: Port Vale exit administration as Paul Wildes completes takeover · Companies House: Port Vale (Valiant 2001) Football Club Limited - insolvency (Companies House)