Port Vale owners Carol and Kevin Shanahan have responded to comments from former owner Norman Smurthwaite in the Nottingham press.
Smurthwaite is interested in taking over Notts County but says he cannot take over a Football League club because he has a “substantial investment” in Port Vale FC.
The former Port Vale owner told the newspaper: “I am not sure if people are aware, but when I sold Port Vale, I have a substantial investment still within Port Vale for the next 36 months.”
It has emerged that new owners the Shanahans are paying for the freehold of the ground in installments over the next three years and it is this payment plan which Smurthwaite is referring.
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