Vale mull over investment offer

23 July 2010 16:01
Port Vale are officially considering an offer of investment from Mike Newton after the businessman pitched his proposal to the club`s board of directors on Friday. Newton revealed his intentions earlier this summer and has long been preparing for the talks, from which confirmed details of investment are as yet unknown. Chairman Bill Bratt earlier this week insisted he would be heading into the meeting with an "open mind". And a statement on Vale`s official website on Friday read: "Port Vale can confirm that the board was presented to this afternoon by Mike Newton regarding potential investment in the club. "The board of Port Vale Football Club will fully consider this offer and will not be making any further statement at this time."

Source: PA