Championship hopes for new owners

Port Vale FC Credit: Port Vale FC

Port Vale FC administrators announced the club’s preferred bidder as Alchemy Investment Group today.

The group is fronted by Paul Wildes and his business associate Norman Smurthwaite.

In a press conference this afternoon, the new owners expressed their hopes that the club will make its way to the championship.

Manager Micky Adams was told that he will have money to strengthen the squad and scouting network if he needs it.

The deal is worth £1.25 million and could be approved by the Football League by end of October.