Vale Hit With Winding Up Order

The club`s problems have increased this afternoon following news that HMRC have issued a winding up petition. Last week Vale were hit with a transfer embargo owing to an unpaid tax bill and news that players and staff have not been paid today has added to the misery and sense of fear among supporters. No further news has emerged regarding the Board`s attempts to secure further funding from Stoke on Trent city council, or whether the council will take a decision to place the club into administration, as the club is currently inquorate according to its own articles of association, with only three serving directors following the resignation of Peter Miller.

A rather ominous and perhaps pertinent statement was issued by a spokesman for the HMRC in today`s Sentinel

“Ensuring tax is paid on time should be at the centre of a football club’s business strategy, just as it should be for any other enterprise.

‘Any business that regards paying tax as an optional extra, or that uses tax collected from employees or customers as working capital, is heading for trouble.”

We await further and hopefully better news…