Local business Synectics Solutions have revealed they have had a £3.5m offer for Port Vale rejected.
Owners Carol and Kevin Shanahan have told the local media that their offer, which is for both the club and the Vale Park ground, was turned down by Port Vale owner Norman Smurthwaite on Friday morning.
The Shanahans first declared an interest in the club in the 2016-17 season. They told the media that Smurthwaite is looking for in excess of £1m more for the club.
Carol Shanahan told the Sentinel: “Kevin has been in dialogue this week with Norman and that has culminated in us putting an offer in today for £3.5m. We view the club and the ground and everything together because to us Port Vale is one entity. Everything on that footprint should all be together.
“So, we have put in an offer for £3.5m to take over as quickly as we could get it through the league and move forward. This has been rejected by Norman.
“Norman knows we are going to the press because we have said to him that the public really needs to know what is happening. He has come back to us and said ‘sorry not interested, now please get back to your day job and continue the sterling work in the community.’ That’s the text we have got back.”