Football League to meet preferred bidder

Football League to meet preferred bidder

Football League representatives will meet preferred bidder Paul Wildes and business partner Norman Smurthwaite on Friday as the pair hope to finalise their takeover of Port Vale.

I am not aware of any issues which could hold up completion, when contracts and money are exchanged…

The pair will be questioned on their plans for the club as part of the League’s fit and proper persons test.

Administrator Bob Young told the Sentinel: “The Football League want to meet with the purchasers, as they do with all purchasers, and they have all the information we think they need.

“The officials will then report to the Football League board and I am not aware of any issues which could hold up completion, when contracts and money are exchanged.

“It is proving to be a much more simple deal than with (former prospective owner) Keith Ryder so we are hopeful it will be ready to complete.

“It all takes longer than we want, but the Football League are more careful about approving a club’s new owners than they perhaps have been in the past and I can understand why.

“They [Wildes and Smurthwaite] are getting on very well and have been down to the ground on a regular basis lining things up for when they are in charge.

“The club has been in administration for too long, but now the end is in sight.”

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *

− eight = one