On the pitch, the team put in win-or-lose performances and went for a club record 20 games – from 10 September 1906 to 19 January 1907 – without sharing the points (nine wins, eleven losses).

Another record was set with a 7–1 win over Irthlingborough Town in the First Round of the FA Cup – their highest-ever margin of victory in the competition.

Despite the club's ever-worsening financial situation, Vale managed to bring back former top scorer, and former England international, Billy Beats; he was appointed captain upon his return.

Billy Beats was top scorer with fifteen goals in all competitions; he was ably assisted by William Dodds, Tom Coxon, Robert Carter, and Harry Mountford, who all hit double figures.

The club had a good campaign in the FA Cup, picking up their biggest ever win in the competition with a 7–1 trouncing of Irthlingborough Town.

[1] The Football Association had already issued their fixture list (which had pitted Port Vale against relegated Stoke for the first time) and were furious with the club for quitting so suddenly at such a late stage.

[1] He claimed "this total could not be expected to pay the expenses of a league club", especially with creditors closing in, the bank refusing an overdraft, and summer wages to be paid.

"Many of the players joined Stoke and newly elected Oldham Athletic, and Burslem Port Vale was finished.