Third bidder enters the frame

Third bidder enters the frame

Administrator Bob Young has said that another bidder has expressed interest in a takeover – and the new bidder was the group or individual who lost out to Keith Ryder when the club’s preferred bidder was named back in March.

“I saw another interested party on Saturday,” Young told the Sentinel. “They seem keen and are promising action this week.”

What’s going on at Vale? Confused by the situation at Vale Park? The club entered administration in March and Keith Ryder was soon named as the club’s preferred bidder. But his period of excluisivty ended in July with Ryder still unable to complete his bid. Now other bidders have entered the frame with Vale’s future still very unclear. You can see how events unfold in our day-by-day diary here

Young has not closed the door on Ryder, but admits the longer the wait goes on for the Lancashire buisnessman to pay up, the less likely his deal is to happen.

“I’ve really no idea whether Keith is still interested,” he added, “but it always seems to be ‘jam tomorrow’ with him and I have run out of patience.

“I still find it confusing that he hasn’t paid the money he needs to pay when he gave us £60,000 towards the payroll.

“I maintain that he’s serious, but it’s all gone very quiet on that front.

“I’ve now talked to three other parties and I know that they all have the wherewithal to complete the deal if they want to. We will find out more this week.”

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