My Vision for Vale Future ; Potential Investor Reveals His Grand Plan to Take Club Forward

Sentinel, The; Stoke-on-Trent (UK) › August 03, 2010

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Summary

BUSINESSMAN Mike Newton will install himself as chairman and appoint a footballminded chief executive if he gets the nod on a Pounds 400,000 takeover bid at Port Vale.

He told fans at an open meeting last night that his proposal to shake up the club from top to bottom was vital because Vale are about to announce losses of about Pounds 500,000 for the last financial year.

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Extract

My Vision for Vale Future ; Potential Investor Reveals His Grand Plan to Take Club Forward

Newton, a New York-based hedge fund operator, is currently awaiting a vote of the Vale board to decide if he can progress to a formal negotiation stage for his...

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