Two parties interested in saving Port Vale

Click to follow
The Independent Football

Port Vale's administrator has said that local businessmen are interested in buying the club.

Vale were put into administration last week and are looking for a buyer to stave off the threat of liquidation. They are reported to have debts of up to £4m, including owing £1.8m to Stoke city council.

"We have had half a dozen parties ask for details and make tentative enquiries," said the administrator Bob Young. "Of those I've had meetings with two. One is the IPP Group. The director of that company lives locally and his family, I'm told, are Port Vale fans, so that's encouraging."