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Port Vale: the administration months

Port Vale administration 2012: Here (sadly) is our comprehensive day-by-day guide to the twists and turns of the club’s spell in administration during 2012

If you’re a Port Vale fan, this document will, sadly probably not tell you anything new, but for visitors from other clubs and more occasional visitors to OVF, we hope it provides a useful, if distressing, overview of a traumatic period in the history of Port Vale FC…

Key:

  • BY: Bob Young, administrator from Begsbies Traynor
  • GK: Gerald Krasner, administrator from Begsbies Traynor
  • KR: Keith Ryder, potential new owner (pictured top)
  • PW: Pete Williams, chairman of Supporters Club
  • SC: Port Vale Supporters Club
  • FL: the Football League
  • MA: Micky Adams, Port Vale manager
  • GO: Vale player and PFA rep at the club

14th March:

Port Vale enter administration for the second time in their history The club ask for Bob Young, Steve Currie and Gerald Krasner of Begsbies Traynor to be the joint-administrators of the club.

21st March:

BY says two new bidders are interested in Port Vale, taking the total of interested parties to six. It includes Staffs firm IPP who made their interest public earlier in the month.

26th March:

BY claims five bidders are in the frame

29th March:

BY claims that three bids have been submitted

BY: “We have three offers already and we’re talking to three other parties with a couple of those likely to make bids.”

However, BY also announces that IPP have now withdrawn from the process.

3rd April:

GK says two bids are in the frame.

GK: “At the moment we believe the race is between two parties – they are not dissimilar offers, but they are of a slightly different nature. We considered them very seriously yesterday, will do so again today and we will hopefully reach a decision.”

4 April:

Keith Ryder is named as the club’s preferred bidder by administrators Begsbies Traynor.

27 April:

The club’s creditors approve Ryder’s bid to takeover the club

KR: “This was the biggest hurdle in the purchase of the club and I hope that we can complete all of the necessary paperwork at the earliest opportunity to complete the deal as swiftly as possible.”