Source: PA
Vale want confidentiality
Port Vale have once again urged potential investor Mo Chaudry to sign a confidentiality agreement.
Since formally proposing his offer three weeks ago, the businessman has appeared in the media to discuss the bid and other Vale matters on more than one occasion.
He has refused to bow to the club`s wish to pen a non-disclosure agreement and has even set up a question-and-answer session with Vale supporters next Wednesday, while also encouraging fans to sign an online petition backing his investment.
A Vale statement read: "The board has reiterated to Mr Chaudry`s advisors that any discussions and negotiations surrounding any investment by him or any other person must be conducted in confidence (as is normal practice) in order to ensure that such discussions have a proper structure and are conducted in a professional manner.
"In order to progress matters, the board has invited Mr Chaudry to enter into appropriate confidentiality agreements but this invitation has been declined. The board`s offer remains open at present."
The relationship between Chaudry and Vale`s board of directors has been strained from day one to say the least, with chairman Bill Bratt and co initially rejecting the 50-year-old`s proposal without even consideration before reversing their decision following last month`s heated AGM.
