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Bob Young was appointed as administrator of the club when Port Vale entered administration in 2012. He duly sold the club on to Paul Wildes and Norman Smurthwaite.
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Administrator Bob Young has told the Sentinel newspaper that the club are in “advanced talks” with “three definite front-runners” bidding to takeover the club. Young also added that he was confident of “a deal progressing within a month.”
Administrator Bob Young has played down delays to players signing new contracts and says he doesn’t see it as a “major stumbling block.”
Port Vale FC’s administrators Begsbie Traynor have announced that they are talking to other interested parties after preferred bidder Keith Ryder missed Tuesday’s deadline to complete. However, the administrators do say that Ryder remains as one of the potential candidates to take over the club.
Administrator Bob Young has told the Sentinel that it is time for potential owner Keith Ryder to “put up or shut up” and that “I am treating what he says with a fair bit of scepticism.” Young’s remarks will only heighten fans’ fears that the Ryder deal is on the brink of collapse.
Administrator Bob Young has told the Sentinel that the final issue that has been holding up Keith Ryder’s takeover of Port Vale FC has been resolved.
All Vale fans know this already… but Rob Fielding ponders another crucial week for Port Vale FC. And Fielding repeats his appeal for the club’s administrators to help calm anxious fans and keep them updated as events unfold.
Administrator Bob Young has told an open fans meeting that three bids have been formally made to take over Port Vale FC. Young, along with fellow joint-administrator Gerald Krasner, answered questions from an audience of around 350 supporters at an open fans’ meeting held at Vale Park on Wednesday night.