Port Vale: Valiants poised to reveal who wants to buy club

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Saturday, October 13, 2012
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The Sentinel

THE identity of Port Vale's potential new owner is due to be revealed next week.

It is understood a press conference will be held at Vale Park next Tuesday when the club administrators will name their new preferred bidder.

  1. Administrator Bob Young says another potential buyr is expected to make a formal bid for Port Vale this week.

    Administrator Bob Young is expected to announce a new potential Port Vale owner next week.

They have been seeking a buyer for the club since Lancashire businessman Keith Ryder failed to complete his £1.3m deal to take over at Vale Park in the summer.

Just who the new preferred bidder is remains unclear, and neither Bob Young nor Steve Currie, of administrators Begbies Traynor, were available for comment yesterday.

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They identified up to seven interested parties in the club in the wake of Ryder's mysterious failure to complete his deal, but revealed two weeks ago that three had emerged as "serious contenders". They said at that stage they expected to name a new preferred bidder by the end of October.

Port Vale Supporters' Club chairman Pete Williams said yesterday he has been invited to a meeting at Vale Park on Tuesday, but had been given few other details.

"I was asked by the administrators to go to a meeting at the club prior to a press conference, but they would only say they wanted to discuss the takeover further.

"Surely it can only be good news though."

Once a preferred bidder has been named, they will have to seek Football League approval before finalising the takeover.

"How long that takes depends on who the preferred bidder is and what they propose to do with Port Vale," said Football League spokesman Peter Hannon.

"Even if someone wins preferred bidder status with the administrator, it doesn't necessarily mean they will tick all the boxes required to win Football League approval, as we saw last time with Keith Ryder. It could be done fairly quickly if everything is in place, or it could drag on."

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  • Profile image for Vale_For_Real

    by Vale_For_Real

    Monday, October 15 2012, 9:18PM

    “ValiantFosse said

    "Admin costs are capped, nobody expects the club and staff employed to run the club to be given free."

    But were not talking about the football and club admin staff are we?

    You are saying again that "Admin costs are capped" and I'm saying again that's rubbish the administrators staff will still all be getting paid now for everything they do and if you were a shareholder you would know how much they get paid, the incredible hourly rates they are charged at, that was detailed in the recent administrators report.

    Once again you seem to think that you just have to repeat rubbish enough and it becomes true.

    Just for once, try getting in touch with reality.

    Vale is really in the last chance saloon now and if this Wildes and Smurthwaite takeover isnt solid I fear the worst, let's just hope it is the genuine article.

    Thank goodness Micky and his staff are still doing at fantastic job, absolutelty gutted I cant be there tonight for what sounds like another brilliant performance.”

  • Profile image for ValiantFosse

    by ValiantFosse

    Monday, October 15 2012, 9:43AM

    “Admin costs are capped, nobody expects the club and staff employed to run the club to be given free.”

  • Profile image for kjhgfd

    by kjhgfd

    Sunday, October 14 2012, 11:17PM

    “its barrett homes”

  • Profile image for Vale_For_Real

    by Vale_For_Real

    Sunday, October 14 2012, 5:34PM

    “Fossey,

    If your having a pop have a pop, dont go blethering on about "some people`s comprehension".

    You seem think that admin is not costing the club anything now because of `capping admin costs` as you put it.

    Why not try again, have a read here

    http://tinyurl.com/8kyg44w

    and see if your own "comprehension" will work properly now.

    The COUNCIL costs are capped at the amount they agreed and them funds ran out in September.

    If you think that the administrators staff have since then been working for nothing you are still away with the fairies same as you were when the club was being driven into admin and it was then all going to turn out magicly alright according to your fantasy view of the world.

    Back in reality the administrators fees are continuing to cost Vale a fortune every month.

    I'm not having a go at the administrators and specially not at the council who have played a blinder for the club.

    I am having a go at the fantasists like you and your mates who pushed Vale to the edge of non existence when you had no money and no plan to do anything then to pick up the pieces, and you still dont recognise the dangers of the fire you were playing with like naughty kids.

    I hope above all that the administrators chosen bidder whether it is this Paul Wildes or someone else they have up there sleeve turns out right this time.

    It really has to work now, if my guess is correct with the administrators fees eating into the Vale annual budget the club is likely to run out of money again around February and if that happens we really have had it and there wont be another chance.

    Still very very worried and wish we knew more about who the administrators really have got lined up and what sort of person that bidder really is.”

  • Profile image for Senojbor

    by Senojbor

    Sunday, October 14 2012, 3:48PM

    “I have on good authority that Rentokil have expressed an interest.”

  • Profile image for YorkValiant

    by YorkValiant

    Sunday, October 14 2012, 2:47PM

    “It is very encouraging to see that Mr Young has lined up a new preferred bidder - ahead of the timescale that he originally suggested. I continue to believe that he and his team have done a very good job during this difficult period. However, I have no idea who Paul Wildes is. Can anyone enlighten me?”

  • Profile image for ValiantFosse

    by ValiantFosse

    Sunday, October 14 2012, 2:13PM

    “Paul Wildes has been quoted on Radio Stoke as the preferred bidder according to Fan Websites, and nobody has refuted the statement.”

  • Profile image for zxcvbn2

    by zxcvbn2

    Sunday, October 14 2012, 12:30PM

    “So who have the BBC named as the possible new owner?”

  • Profile image for ValiantFosse

    by ValiantFosse

    Sunday, October 14 2012, 10:52AM

    “It appears `capping admin costs` is an expression beyond some people`s comprehension, however thanks to admin and the council we still have a FC at Vale park. The new owner`s plans will be of great interest, and given the head start made by MA and his team, ably supported by admin in a far better fashion than the previous clowns, promotion should be achieved. The BBC have named the preferred bidder, but only his performance matters and his rapport with the paying customers, exciting times.”

  • Profile image for Vale_For_Real

    by Vale_For_Real

    Saturday, October 13 2012, 11:56PM

    “So here we go again.

    Another wonderful new owner lined up.

    Probably.

    Perhaps.

    Any one of the protesters including their resident scribe M Tideswell care to tell us what there brilliant campain has achieved for Port Vale?

    We are at 7 months and counting of the administrators running the club and charging a bl**dy fortune for every minuet and every second of there time doing so.

    And all of the huge amount of money being paid out to the administrators is money not going into Micky's kitty and is money that whoever is the new owner is going to want back by some means weve yet to find out.

    Its obvious we did have to get rid of the likes of Miller but not in a half-*rs*d way like this, the club is a fortune down the pan for no return at all, and all the Vale shareholders have got nothing they can say about anything now.

    But the self-righteous donkeys in the protest groups still will have the Teflon fully in place no matter what happens now.

    We are so lucky we have people like Micky and his staff still running the playing side well despite the idiocy around some bits of the support of the club.”

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