Port Vale score with £8m injection
Straffordshire League Two football club Port Vale have clinched an investment deal worth up to £8m with American sports construction company Blue Sky International.
Blue Sky is set to pump in an initial £5m of investment over the next 12 months, Port Vale said, which will be used to run the club as well as its ground Vale Park and a training site.
A further £2.5m investment is also expected over the next five years, they added, for "significant community outreach facilities throughout the Stoke-on-Trent area".
Port Vale said a further £500,000 will be spent on pre-season tours over the next ten years, taking the total investment into the club to approximately £8m.
Chairman Mike Lloyd said: "We welcome such a substantial investment, which will further strengthen the unifying of the club and fans following difficult times.
"This has been one of the most unsettling and traumatic periods in the club's recent history, and the Port Vale board acknowledged that change was required. Having delivered that change, we can now concentrate on driving the club forward."
