Harlequin property investing in Vale

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Football News

Port Vale vice-chairman Peter Jackson has revealed Harlequin Property has pumped £130,000 into the club over recent months.

It has been a year since Harlequin outlined a proposal to invest around £500,000 into the League Two club and become the majority stakeholder in the process. And although that is still waiting to happen, the company's latest investment proves their interest firmly remains.

Speaking at a supporters' club meeting, Jackson is quoted in The Sentinel as saying: "Harlequin has invested £130,000 in the past few months. It's an act of good faith and shows their genuine support for the club."

Jackson also revealed Harlequin have agreed, in principle, to extend their sponsorship deal with Vale's first team by another two years.

And Jackson, who also revealed Vale have been involved in ongoing negotiations with two other potential investors, remains optimistic Harlequin will fulfil their planned investment of 12 months ago.

"I believe Harlequin will come in, they'll get a shareholding and they'll take the club forward, they're quite happy for other investors to come in as well," he said. "The process has been pretty slow, it won't all rush in, but it will come - I've always thought it would happen. The club is safe financially compared with others."

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Port Vale
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