Football League 'still waiting' for Ryder documents
Keith Ryder’s proposed takeover of Port Vale looks set to drag onto into next week and possibly beyond after the Football League claimed that they were “still waiting for a response” to their request for more information about the preferred bidder’s business plans for the club.
Ryder’s first attempt for Football League approval was rejected on May 30th after League officials requested more information about his business plan
9 March: Vale enter administration
4 April: Keith Ryder is named as the club’s preferred bidder
27 April: The club’s creditors approve Ryder’s bid
30 May: Football League ask for more documents on Ryder’s business plan before the deal can be formalised
21 June: The Football League claim they are still waiting for a response to their 30th May request
Several well-informed observers suggested that the issue would be resolved on June 22nd, but the League have denied that a meeting was taking place and have claimed that Port Vale and Ryder have yet to respond to their request for more information.
Speaking to the Sentinel, Football League spokesman Peter Hannon said: “There is no specific date for further discussions regarding Port Vale yet.
“The Football League Board requested further information from the prospective new owner and administrators at Port Vale at their last meeting on May 30.
“The Football League continues to await a response to the request, and discussions with the administrator and prospective owner are ongoing.”
