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Port Vale preferred bidder comes forward

Football News 24/7
Keith Ryder a Lancashire based businessman has emerged as Port Vale's preferred bidder and immediately pledged to give manager Micky Adams a bigger budget next season in a bid to win promotion.

Ryder will become the club's new owner if his £1.4m bid to buy Vale out of administration is voted through by creditors and he is then approved by the Football League.

The management consultant, who has experience in helping many companies is keen to press on with his plans and says Adams's job is safe if he takes over.

What's more, he plans to give the manager the ammunition to try to get the Valiants out of the division.

The club's last accounts, published in 2010, show Vale spent £1.29m on player wages over a season.

Ryder said: "Micky's future is safe. We are planning a good increase to his budget next year.

"We are not setting any big targets, it's about small steps. But this year, without the 10-point deduction for administration, we would have been knocking on the door for the play-offs.

"Micky is keen to be successful and we are hoping that, with the investment next season, we can have a big push towards promotion.

"I would be disappointed if we don't get to the play-offs. But that doesn't mean Micky's job would be on the line if we don't achieve it."

Ryder, aged 43, says he is using his own money to buy the Vale and is not part of a consortium.

He added: "I have seen various rumours that I am a front for other people. No, I am definitely not."

However, Ryder says he would consider working with his takeover rivals if they wanted to invest in the club.

WaterWorld owner Mo Chaudry was one of the bidders to lose out when Ryder tabled the highest offer for the club.

Ryder said: "If they want to talk about investing in Port Vale and it is something that I think is best for all of us then I have no problem with that."

Ryder, who met fans for the first time at a public meeting at Vale Park last night, says none of the club's former directors are involved with his bid or will be part of his new regime.

He says he bid for the Valiants because he was impressed by the club's infrastructure which he believes is potentially Championship standard.

He has reassured supporters that he has no plans to move the club from Vale Park, and says he will sign an agreement with Stoke-on-Trent City Council to that effect.


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