Club statement: Sale negotiations called off

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.

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