Micky Adams: 'Waiting to extend contracts for exsisting players and sign new ones'
Port Vale manager Micky Adams is currently prohibited from any transfer activity after Wednesday's highly-charged EGM left just three directors in place, while also delivering a vote of no confidence in the League Two club's current board.
The 49-year-old also intends to invest £50,000 of his own money to purchase shares in the Burslem outfit, when legal formalities permit.
Adams, who needs 50% of shareholder votes to join the board, said: "This is a purely footballing decision because, as it stands, the club does not have a full board of directors and this is blocking the normal operation of the club, particularly our preparations for the new campaign. I am waiting to extend contracts for existing players and to sign new players, and this can't take place until the minimum number of directors (four) is in office."
Although Vale currently only have three permanent directors, Mark Sims was elected to join at the EGM and is currently weighing up his decision, while supporters' group North London Valiants have been invited to nominate a second new director.
Imagine Luggy trying to get on a board run by Uncle Ron!
Robbie Williams asked to take a stand:
Lucky Micky gets right back in the saddle: