Port Vale have issued a statement confirming that the potential sale to a bidder has been called off.
The club announced that a preferred bidder had paid a deposit and was examining the club’s books but the move has fallen down.
A club statement said:
Chairman Norman Smurthwaite has confirmed that the sale of Port Vale Football Club will now not be proceeding and all negotiations are terminated with immediate effect.
Due to a confidentiality clause within the exclusivity agreement, the Club is unable to disclose who the potential buyer was.
The Club will now go back up for sale and a further announcement will be made in due course.