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Last Updated: Wednesday, 10 December, 2003, 15:58 GMT
Axe hovers over Valiants
Gloom over Vale Park
Gloom over Vale Park
Port Vale chairman Bill Bratt claims the club could go to the wall if fans do not invest 200,000 by the end of the month.

Vale's perilous financial situation has worsened after the shock FA Cup exit at the hands of Scarborough.

Two parties have formally approached the club with bids to take a controlling interest, and a deadline of Friday has been set for others to come forward.

There's a possibility the club could go if we are forced to sell over 50% of the shares
Bill Bratt, Port Vale chairman
But Bratt - who last year led a takeover of the club by supporters' consortium Valiant 2001 - insists selling a majority shareholding would put Vale's future in doubt.

He said: "We are on the cliff's edge. We need supporters to come forward and buy shares in the club so we can keep control.

"I believe there's a possibility the club could go if we are forced to sell over 50% of the shares.

"If we can raise this money in the short term we can negotiate with the investors as equal partners rather than it needing to be a takeover."

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