There has been significant interest in taking Port Vale out of administration. Staffordshire-based firm International Piping Products have confirmed that they have had initial talks with administrators Begbies Taylor. Local businessman Mo Chaudry, who failed in a bid to buy Vale in 2011, is also interested in investing.
There has been significant interest in taking Port Vale out of administration. Staffordshire-based firm International Piping Products have confirmed that they have had initial talks with administrators Begbies Taylor. Local businessman Mo Chaudry, who failed in a bid to buy Vale in 2011, is also interested in investing.
Gerald Krasner from Begbies Taylor told BBC Radio Stoke, ‘Things are moving very quickly, by the hour.’ He noted, ‘What happens with a footballclub, you get 20 interested parties until you ask someone to write a cheque, and then you end up with two. Everyone wants to own a football club. Whether they want to pay for the privilege is another matter.’
Fortunately in the case of Port Vale, ‘The ones we are looking at are men of substance. They’re not borrowing money to buy the club, they have their own money.’