Source: PA
Chaudry wants speedy resolution to Vale takeover
Potential investor Mo Chaudry has called on Port Vale's board to speed up their act and responded to chairman Bill Bratt's claim that the possible takeover could take up to three months as "nonsense".
After two months of jostling since the bid was formally submitted, the two parties finally came together for talks last week as millionaire businessman Chaudry looks to buy a controlling stake in the npower League Two club.
Bratt revealed initial discussions had gone well on Wednesday but warned an immediate resolution was unlikely and pointed to further questions and continuing dialogue.
But in response, Chaudry told The Sentinel: "I'm tired of waiting, and the board's games, over the past three months. For the chairman to say it will take another three or four months is nonsense. A deal could be done in a matter of weeks, if we get to that stage.
"But the board needs to be prepared to open up the club's books so we can start our due diligence. There's nothing to clarify as far as I'm concerned.
"I've expressed where I will invest the money and minority shareholders are protected. But the fact I'm still waiting for a formal response to a meeting we had 10 days' ago doesn't bode well. This is a stalling exercise which is not conducive to good business. We need to take this forward so I can protect the club's future."
