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Transfer funds available for Port Vale boss Jim Gannon

Port Vale manager Jim Gannon
Gannon lost his first match in charge of Port Vale at Burnley on Saturday

Port Vale manager Jim Gannon has been given the go-ahead to add two or three players to his squad in January.

Top scorer Marc Richards and midfielder Doug Loft are both injured and Gannon told BBC Radio Stoke that he has funds available to find replacements.

"Straight away you're looking at loan players to cover those two," he said.

"The club might consider one or two permanent signings if they can add to this year's progress and also build upon the squad for the coming years."

The newly-installed boss, who has taken over with Vale fourth in League Two, continued: "It's not a team that's been struggling where you perhaps need a complete overhaul, but a couple of fresh bodies might give us a lift.

"I think there's a natural understanding that, with players out, there might be a need to strengthen the squad.

"I want to make sure that whatever money we use, we use it wisely.

"I haven't knocked on the door with a list of 10 names and asked for a fortune. The bottom line is that it's the fans' hard-earned money and we want to make sure that we spend it right.

"It's got to be on the right people that can bring something to the table and I feel a responsibility to make sure that my first signing is a very good one.

"There is money available and there's enough money there certainly to add two or three loans."

Vale agreed a compensation package with Sheffield United for former manager Micky Adams and also collected a sizeable sum of money from their run to the third round of the FA Cup, where they were beaten 4-2 at Burnley in Gannon's first match in charge.

Gannon spent almost nine months out of the game after leaving Peterborough in April, but said he has still been working hard to identify possible transfer targets for his next club.

"I've kept in touch with the game and in the last couple of years I've been involved at Championship, League One and League Two level and also in the SPL," added the 42-year-old.

"I've got a good, broad base of knowledge on players and lots of contacts that I can call upon for second opinions and third opinions on players."

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