Port Vale are set to enter Administration, but they have not yet done so.
With Stoke Council confirming that they have 'given a clear steer to officers to explore putting Port Vale into Administration' the club have denied they have recieved any official confirmation of a move. The local press report the club to be £4million in debt.
Fans are set to meet again to discuss the current state of the club, but they have warned against a knee-jerk show of solidarity when the current board still remain in charge of the ailing club. The move will end their play-off hopes, with the ten point deduction, but will be preferable to the taxman's winding-up petition being granted - and the subsequent liquidation.
Boss Micky Adams has blasted the club's board in his latest interview. Speaking to The Sentinel, Adams tore into the remaining board members: "I was told there was enough money to keep the club going, but now it appears there is nothing left.
"The players got the news two hours before the money was due to go into their bank accounts, so there's a lot of anger, frustration and disappointment among the boys at the moment.
"I'm disappointed no-one higher than me at the club wanted to speak to the players as I feel they should have. I had to break the news, and I've never shirked my responsibilities as a manager, but you can imagine how it was."