BusinessBusiness RecoveryInvestors eye Port Vale FC

Investors eye Port Vale FC

Administrators for struggling Division Two football club Port Vale have received three official bids from potential investors, but pop superstar fan Robbie Williams has so far refused to help in his club's plight.

Link: York City becomes the next football victim

The club went into administration late last year with debts believed to be around the £2.4m mark, partly due to the collapse of ITV Digital.

Administrators Poppleton & Appleby sent a ‘come and get me’ plea to Williams, the club’s most famous and possibly most affluent supporter, just before Christmas but did warn fans not to expect him to bail the club out.

One of the bids is thought to have come from a supporter-based consortium Valiant 2001, which submitted a proposal to the administrators late last year.

The other two bids remain undisclosed but Ian Rose of Poppleton & Appleby did say that Williams had yet to make an offer himself. Rose added that he expects to receive more bids before the final decision on the future of the club is made.

Poppleton & Appleby will now look at the offers on the table and a decision on the successful bid could be made as early as the end of this week.

Rose said any successful bid will have to be ‘submitted to the Football League to see whether it is willing to accept the new owner’.

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