Football

Directors survive, despite vote of no confidence

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Port Vale's shareholders delivered a vote of no confidence in the club's current board at an Extraordinary General Meeting yet three directors out of five held onto their positions.

Chairman Bill Bratt was one of those who remained in power, along with Mike Lloyd and Glenn Oliver, while vice-chairman Peter Jackson and Stan Meigh were voted out in the individual ballots.


 

Mark Sims will also join the board of directors having been voted in after Robbie Williams stepped in as his sponsor in place of Broxap, whose switch of allegiance to the club's current board appears to have had a dramatic say in Wednesday's marginal results swing.

Furthermore, the controversial rule stating no single party can own more than 24.9% of shares will remain after failing to receive the overwhelming majority of votes needed to remove it.

That leaves businessman Mo Chaudry's potential takeover in turmoil and the future running of the club unclear less than 24 hours after the EGM, which was called by supporters' group North London Valiants (NLV) in the wake of increased pressure from disgruntled fans to oust the current board.

NLV have since been invited to nominate a second new director onto what is now a four-man board at Vale Park.

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Topics:
Football
Port Vale
League Two

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