Port Vale: Winding-up petition will not harm club, says chairman
A winding-up petition served to Port Vale by Revenue & Customs (HMRC) over an unpaid tax bill will not affect the football segment of the League One club, reports BBC Radio Stoke.
Vale chairman Norman Smurthwaite said HMRC have taken the action against PVFC Limited, the club's holding company.
The footballing operations are run by a different company, PVFC.
Smurthwaite said a funding error has caused the problem and is expecting the order to be withdrawn.
As it stands, Vale are due to appear in court in London on 18 August.
They were in administration for eight months in total, a spell which came to an end in November 2012 when businessman Paul Wildes completed his takeover of the club.
Manager Micky Adams led the side to ninth place in League One last season, 13 points outside the play-off places.