Carol and Kevin Shanahan have today (Tues) completed the purchase of Port Vale Football Club.
The owners of Burslem-based Synectics Solutions have purchased the football club whilst the freehold of the ground, which includes the land and stadium, has been purchased by the club through an independent financial vehicle - PV Holdings Limited.
The purchase of Port Vale has been made by the Shanahan family and will remain a separate legal entity to Synectics Solutions - which employs over 360 staff and is based next door to the club’s home – Vale Park.
The deal has been concluded after Carol and Kevin entered into an exclusivity agreement to purchase the club with former owner Norman Smurthwaite at the start of April.
Synectics Solutions Managing Director, Carol Shanahan, said: “We are delighted to have completed the purchase of Port Vale Football Club.
“Kevin and I are extremely passionate about the local community and Port Vale is a football club at the heart of Burslem.
“We are extremely proud of the culture, values and ethos we have developed within Synectics and are looking forward to utilising these to breathe new life into the club, repairing and healing it to get it back to where it should be.
“It’s a club which lives within its means and punches above its weight and we want to improve its punch. We have a clear plan to use the club’s assets for the benefit of the club and its fans.
“We are truly excited about the prospect of working closely with supporters and the local community to take this great football club forwards.
“The purchase will not have any impact on Synectics Solutions as the company is a completely separate entity to Port Vale Football Club.
“At Synectics, Kevin and I are supported by a highly experienced board of directors and senior management team and we will continue to manage the company and act in the best interests of all clients, staff and suppliers.”
Synectics Solutions moved to Burslem in 2016 from its offices at The Brampton, Newcastle-under-Lyme and has become an integral part of the Burslem community.
The company provides cutting-edge data solution services for a range of industries in the UK and internationally, helping them to reduce risk and combat financial crime.