Port Vale takeover rejected by club’s bosses
Thursday 16th December 2010, 10:53AM GMT.
A former Shropshire businessman has had his bid to takeover Port Vale Football Club rejected by its board.
Mo Chaudry, who used to live in Wellington, wrote to the Staffordshire club expressing a formal interest in “purchasing a major shareholding”.
But in a statement the club said it had unanimously rejected the approach and all members had decided it would not be pursued at any stage in the future.
In a statement, the club said: “Though the board welcomes approaches for investment into Port Vale, it is important to stress that the club’s major shareholders are not looking to sell Port Vale in its entirety.
“Furthermore, any sale of the football club would have to be sanctioned by 71 per cent of its shareholders.
UK News
Most Commented
- Clampdown on Shrewsbury chuggers
- Bishop's gay marriage views do nothing to support bible teachings
- Planners ordered to stay on Newport visit bus
- Letter: Angered by close encounter of the furred kind
- Letter: Alcohol price plans annoy me
- Shrewsbury’s broadband speed one of slowest in UK
- Letter: No sense in overseas job adverts
Shropshire Star on Twitter
Keep updated with the latest breaking news and content on our Twitter feed.
Lifestyle
Interactive Dining Out map
Hundreds of reviews by the Shropshire Star and Express & Star's teams to help you decide where to eat.
Entertainment
All the film reviews
Before you plan a trip to the pictures, get our critics' verdicts on all the latest movie releases.
OUR NEW APP
Get the new Shropshire Star app
Download the Shropshire Star’s new app to your iPad or iPhone to get one week of access to our digital newspapers absolutely FREE.
shropshirestar.com
Popular sections
Useful links
