The Evening Sentinel is reporting that supporter groups have backed Chairman Bill Bratt’s decision to turn down two approaches for Port Vale that would have put the club’s “future in danger”
The Vale Chairman reportedly told the Sentinel Sunday that two approaches had been rejected in the last six months.
The Vale chairman said that plans would have put the club’s future in danger. Bratt said the first offer came at the end of last season and would have involved moving the club from Vale Park to a 10,000 all-seater stadium. The second bid came within the last two months, but did not involve a ground move.
Bratt’s decision to reject both bids out of hand has been welcomed by influential supporter groups.
Gavin Handley of the supporters Trust VaST refused to criticise Bratt saying: “It is a hard one to call. I think the shareholders need to be more aware, but the shareholders have elected the board to be the guardians of the club.”
Roy Bowden, chairman of the Vale supporters’ club, also backed Bratt saying: “From the supporters’ point of view, and that of Valiant 2001, it is a good thing as it means supporters are still running the club.
Vale’s rules currently prevent anyone owning more than 24.9 per cent of the club, a ban which could only be lifted by shareholders at an Extraordinary General Meeting