Buyers interested in Port Vale

Administrators of Port Vale Football Club are reporting strong interest in acquiring the club.

The club, which is three million pounds in debt, went into administration earlier this month.

Bob Young, Gerald Krasner and Steve Currie of corporate recovery specialists Begbies Traynor were appointed joint administrators of Port Vale following an order made by the High Court in Birmingham.

Administrator Bob Young said they had held further consultations with a number of bidders and had identified six potential purchasers.

He said " It is hoped that these discussions will lead to some formal bid within the next week, at which time the joint administrators will consider which is their preferred bidder and then move the process forward."

He added that in the meantime they were continuing to trade the club and said the administration process had enabled them to stabilise the club while they looked for a buyer.