Vale chairman admits budget was ambitious

Port Vale chairman Norman Smurthwaite has admitted that Port Vale are operating to an over ambitious budget.    It required average home attendances of 7,500.   The playing budget amounts to £300k a month.  Smurthwaite has put in £1m to deal with the shortfall and this may have to increase to £1.2m. Being a football club chairman is an expensive hobby, even in the lower divisions.

Port Vale chairman Norman Smurthwaite has admitted that Port Vale are operating to an over ambitious budget.    It required average home attendances of 7,500.   The playing budget amounts to £300k a month.  Smurthwaite has put in £1m to deal with the shortfall and this may have to increase to £1.2m. Being a football club chairman is an expensive hobby, even in the lower divisions.