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League Two

Three bidders lead race for Vale

26 September 2012

Three leading contenders have emerged in the race to buy Port Vale, according to the club's joint administrators.

Seven parties remain interested in purchasing the npower League Two club, although Bob Young of administrators Begbies Traynor revealed he is now in advanced talks with a trio of potential owners.

Furthermore, Young is confident a deal can be struck within the next month.

He told the Sentinel: "We are making significant progress. While we do have others in the wings, there are now three definite front-runners.

"I'm confident of a deal progressing within a month."

Young renewed the search for a buyer after Keith Ryder's proposed deal fell through last month.

The Lancashire businessman failed to complete his takeover after being named the preferred bidder in March.

"It's about making sure things are right, and it's about who has the money both to pay for the club and to take it forward," added Young.

"I'm reluctant to say too much as I know how disappointed the fans were when the Keith Ryder takeover kept on getting put back and put back, but things are progressing well."

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