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Re: Football Season 2011/12
http://www.bbc.co.uk/sport/0/football/17230886
Quote:
Port Vale have formally entered administration, meaning the League Two club have been deducted 10 points.
Administration was confirmed on Friday at a hearing in Birmingham, following an application at the High Court on Tuesday by Stoke-on-Trent City Council.
The action concerns outstanding loan payments, while Vale have been hit with a winding-up petition by HM Revenue & Customs over an unpaid tax bill.
Vale have dropped to 15th in League Two, 12 points from the play-offs.
The club are currently under a transfer embargo and staff and players have only been paid 25% of their wages.
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And the question now must be who is next?
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“The only lesson you can learn from history is that it repeats itself”
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