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Port Vale board will meet Mo Chaudry

Port Vale fans protesting
Port Vale's fans are unhappy with the situation

Port Vale chairman Bill Bratt says they will meet with Mo Chaudry to explain why his takeover proposal was refused.

At Monday's annual general meeting, fans protested at the club's board over their handling of the proposal.

Pressure from the Vale supporters seems to have forced the directors to make a U-turn and have agreed to meet with the local businessman.

Bratt told BBC Radio Stoke: "I shall ring his solicitor to arrange a meeting and the matter will be put to bed."

Chaudry, who appeared on the television show Secret Millionaire, wrote individual letters to the club's eight directors last week outlining his proposal to take over the club but he never received a reply.

606: DEBATE

The 50-year-old attended the AGM along with 200 shareholders and heard for the first time that the club plan to meet up with him.

The chairman also revealed that another party has expressed an interest in investing in the club. A Texan consortium have emailed a 30-page document of which the contents have yet to be read.

Bratt said: "We've had correspondence over the weekend which we haven't had chance to look at, but we will, and we'll see what the situation is.

"There's potential there, but what amount of potential we don't know. We haven't had time to study it."

Vice-chairman Peter Jackson was re-elected on the club's board of directors, although he needed a second poll to secure his re-election.

Stan Meigh was re-elected in the first round of votes, while Mike Thompstone stunned the chairman by deciding to resign as a director.

Bill Bratt
Bratt headed the supporters group that took Vale out of administration in 2003

Bratt said: "I'm upset that Mike has resigned, he feels he has been unfairly treated, I feel he has been unfairly treated."

The chairman also denied claims that the club were heading for administration.

"It's been in the press that we are going into administration, but it's completely false," he said.

"We're above budget at the present time and will hopefully continue to do that. The budget we have set shows we will make a reasonable profit by the end of the year."



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