Major blow for Vale as League delay Ryder decision

Major blow for Vale as League delay Ryder decision

Keith Ryder’s takeover of Port Vale FC could be on hold for up to three weeks after the Football League board asked for more information, the Sentinel reports.

A Football League spokesman commented: “The board received an update on the situation at Port Vale.

“They have requested that the administrator and potential new owner provide further information on their plans.”

Once the information is handed over, another Football League board meeting could be arranged at a week’s notice.

Bob Young, of administrators Begbies Traynor added: “It still looks as though the Football League will approve Mr Ryder’s takeover once he has the extra information they have requested.

“They have asked for some  details that were not included with the original documents, but it shouldn’t be a problem.

“The League seem to be a bit jumpy about these things, and we can appreciate their position, but I am sure this is a hiccup, no more than that. I am confident it will be sorted out before the end of June.”

Ryder himself added: “We are still working to complete our takeover in June, as was always the plan. We are hoping to complete by June 22.

“We understand the frustrations, but are working hard behind the scenes and welcome the patience of all stakeholders, including supporters.”

The news means Micky Adams may have to wait until the end of June before adding any new players to his squad. However, any other clubs interested in the same players could offer them alternative employment.

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