A press conference at Vale Park has announced that Lancashire businessman Keith Ryder is the administrators’ preferred bidder.
Ryder was chosen ahead of other candidates including local businessman Mo Chaudry by the club’s administrations Begsbie-Traynor.
A club statement said: It read: “We at Port Vale FC [the company that Ryder has set up] are happy to be named as the preferred bidder for Port Vale Football Club.
“We are excited about the future of the Football Club and believe the Club currently has the basis infrastructure to become a Championship Club.
“There are many things that need to be done at the Club after what has been a difficult time on and off the pitch. We want to get things right, and that will take time.
“We need to ensure that the Club has a sound base for future growth and development.
“We will invest in the Club on the playing and non-playing side to ensure the Club has the right ingredients to achieve what it is capable of.
“We look forward to working with the Manager and staff at Port Vale, together with the supporters, all of whom have been through a torrid time of late, but continue to support the Vale.
“We will look to meet with supporters and other stakeholders in the coming weeks. We hope that fans will continue to support the Vale and together we will bring back the glory days to Burslem.”
The fans will have the opportunity to talk to Keith Rider and to question him on April 18.