Wildes nears Vale takeover

  • Last Updated: October 16 2012, 16:46 BST

Prospective Port Vale owner Paul Wildes believes the club should ultimately aim to compete at Championship level.

Vale Park: Club for new owner

However, Wildes is refusing to set any lofty short-term goals.

Wildes' Alchemy Investment Group was announced as the preferred bidder of administrator Begbies-Traynor on Tuesday morning.

The deal for Vale, who manager Micky Adams has guided to second place in League Two despite being in administration since March, is worth £1.25million and now awaits approval from the Football League.

"I don't want to put pressure on Micky anymore than he already has," said Wildes at a Vale Park press conference on Tuesday afternoon.

"I think that the club has the potential to be a Championship club because that's where it's been in the past.

"I'm not coming here and saying 'Port Vale will be in the Champions League in six years' time' - that's not where it is.

"We'll go as far as we can and we'll try our very hardest to be the best we possibly can be, both on and off the field. Hopefully that certainly isn't a League Two side, hopefully it's better than a League One side.

"But there's a lot of water to pass under the bridge before then and I think what we've got to do is make the club a business that means we're not all sitting here again in four or five years' time announcing someone else that's buying the club out of administration.

"What I do promise the supporters is that this situation won't arise again."

Wirral-based entrepreneur Wildes attempted a takeover of stricken non-league outfit Darlington earlier this year and is poised to take control of Vale after Keith Ryder's summer-long takeover bid collapsed last month.

In light of Ryder's extended courtship, Wildes sought to ease anxiety among Vale fans by outlining the commitments he has already made to the club.

He added: "I don't anticipate any issues around Football League approval so, as far as I'm concerned this is a transaction that's happening.

"I'm sending my resources, my senior people, here every day from now on, which is a significant investment.

"So hopefully that as well as the £100,000 deposit - I'm not used to giving away money - gives people confidence that we will complete the transaction."