Football

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Vale announce investment

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Port Vale have announced the club will receive an initial £5million investment from American sports construction firm Blue Sky International over the next 12 months.

An expected additional commitment of £2.5million over the next five years will be used for significant community outreach facilities throughout the Stoke-on-Trent area.

The total investment into the club will reach £8million thanks to the further £500,000 the club will receive to spend on pre-season tours for the next 10 years.

Port Vale chairman Mike Lloyd told the club's official website: "We welcome such a substantial investment which will further strengthen the unifying of the club and fans following difficult times."

CEO Perry Deakin added: "This is a fabulous agreement for the football club and secures our long-term future."

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Topics:
Stoke City
Football
Port Vale
League Two

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