Port Vale: Administrator stunned by Keith Ryder's about-turn
ADMINISTRATOR Bob Young believes three of six parties interested in buying Port Vale are serious contenders to take over the club.
The Valiants are back on the market after prospective owner Keith Ryder, a Lancashire-based businessman, failed to complete the £1.3m deal he had agreed.
Six potential buyers have emerged, with five currently carrying out due diligence as they ponder whether to follow up their interest.
Young, of insolvency specialists Begbies Traynor, said: "There is a sixth party who has asked for more details and I believe three are already taking it very seriously.
"There is no urgency with the time scale now the season has started. It is more important we get it right and make sure this party has the money to seal a deal.
"We would never say never, but I have not spoken to Keith Ryder since I held a meeting with supporters on August 6 when he was still promising he could complete.
"In the 38 years since I first became an insolvency practitioner I have never been in such a scenario before where you get so far down the line and a party disappears.
"It has meant we have had to go more hands-on in running the business, but the morale seems high at Vale Park regardless of administration, and that is a credit to Micky Adams."
Ryder paid £20,000 to cover Vale's pre-season trip to Ireland, a £60,000 non-refundable deposit and half of the club's estimated £180,000 monthly wage bill for July. He is not expected to receive a penny back.
On the pitch, Vale host Torquay United today looking for their third win in four games at the start of the League Two season.
Wide man Rob Taylor (calf), centre-half Gareth Owen (hamstring) and right-back Adam Yates (knee) are all fit again and come back into contention for manager Adams' starting line-up.
Young, who says Vale need crowds of more than 5,000 to break even this season, is hoping for a bumper gate.
He added: "We've got three home games over the next few days with Torquay, Tranmere in the Johnstone's Paint Trophy and then Rotherham next week, and hopefully we will see some decent attendances."