English League 1

Loft agrees new Vale deal

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Thu, 04 Jul 2013 12:43:00

Independent chairman of the Foundation of Hearts, Ian Murray, remains hopeful the supporters group will be awarded preferred bidder status for the club.

Potential buyers of the stricken club have until 12 July to submit offers to administrators BDO.

Murray remains pragmatic on the situation, but believes his group can still push a little further in their efforts to take control at Tynecastle.

"Being the preferred bidder is not in our hands. That's for BDO and all we can do is put together the best possible bid we can for the club, and the most credible bid," Murray said.

"We can only do that with the support of the fantastic and phenomenal fans at this club who've been converting their pledges to their direct debits.

"Now we still need more because the more direct debits we have converted, the more we can persuade the administrators that we should get preferred bidder status to be able to take forward the purchase of the football club.

"But we're very, very confident that our bid will go in. It will be a very good bid. It will be a very credible bid.

"And then it's up to the administrators to decide whether or not they want the Foundation of Hearts to purchase this football club."

The 26-year-old midfielder, who made 36 appearances as Vale clinched promotion to League One last season, will now stay with the club until the summer of 2014.

"Doug has made a telling contribution to the squad during his time at Port Vale, both on and off the pitch, and I'm pleased he has decided to sign a new deal with us," manager Micky Adams told the club's official website.

"Sometimes these things take time and it needs to be right for both parties. Doug was always a part of our plans and I'm looking forward to working with him for a further season."

Loft added: "It was never in doubt that I wanted to stay with the club, especially after being part of the side which won promotion last season.

"We have all been working hard in pre-season since reporting back last week and I know that everyone is looking forward to the season ahead."

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