Date: 1st August 2012 at 12:46pm
Written by:

The mystery deepens over Keith Ryder`s proposed takeover of the club after administrators Bebgies-Traynor confirmed that they were now talking to other parties. With expectation of a deal being completed several weeks ago, a host of delays has tested the patience of supporters. With little information being made public until recent days, the rumour mill has been in full force. Ryder is still hopeful of concluding the deal; however, no reason has been given for the hold up. It is believed all outstanding issues between the businessman and the Football League have been resolved and given the fact Ryder has paid a non-refundable deposit of £70,000, paid half of the wage bill and funded the pre-season tour to Ireland, it seems baffling as to why we are still waiting. It would suggest that Ryder is having difficulty finding the necessary funds to complete the deal, yet Bob Young assures us that he has seen proof of funding stating the contrary.

Ryder himself has issued a statement via the Official Site stating: “We have been unable to complete as quickly as we would have liked, but this does not mean that I have cold feet regarding the deal, or that I am unable to complete.

“I have shown my intent to take Port Vale forward, both by part-funding the wages and the pre-season trip to Ireland. In addition to this, I have been working hard behind the scenes to ensure that things are in place for when the takeover is completed.

“If the deal does not go through, and someone else buys the club, there will be no-one more disappointed than me. I am working all of the hours possible to make sure this deal is completed.”