In­ter­est in Vale sale

Midweek Sport - - THURSDAY MARCH 15 -

PORT VALE have re­vealed that two lo­cal busi­ness­men have in­di­cated they would be in­ter­ested in buy­ing the cash-strapped club.

Vale were placed into ad­min­is­tra­tion last week and need a buyer to stave off liq­ui­da­tion.

They are re­ported to have debts of up to £4mil­lion, in­clud­ing £1.8m to the city coun­cil.

Ad­min­is­tra­tor Bob Young said: “One party is called The IPP Group, a Stafford­shire-based con­sor­tium.”

The other is a lo­cal businessman Mo Chaudry, who at­tempted to buy 51% of the club last sum­mer.

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