Clearly, the aim of the game now is to get to a situation where the creditors approve a Company Voluntary Agreement – thereby avoiding a points deduction at the start of next season which would be a disaster.
The fact that the administrators have received half a dozen expressions of interest in the club – at least three of which appear to be serious – is encouraging news.
Everyone always expected (and many people hoped) that Mo Chaudry would throw his hat into the ring and I’m pleased that he has.
He was treated very shabbily by the previous board and I know that many people feel that he is the future of Port Vale.
What I would say at this stage is, having fought so hard to tear the club out of the hands of a self-interested and frankly deluded group of individuals, it is incumbent on us as supporters to tread carefully at this crucial stage.
Like the administrator, we need to weigh up all the bids properly before anyone starts orchestrating a campaign for a particular bidder.
The landscape has certainly changed since Mr Chaudry published his glossy brochure ahead of last June’s EGM.
So, as with all the other bidders, I’d want to know whether his vision for the club – and the amount of money he is prepared to spend to back that vision up – has changed.
All that matters to me is the long-term stability and prosperity of Port Vale. I would hope that would also be paramount for all bidders.
Given what has happened in that last few years, stability simply cannot be achieved unless any potential owner is open and honest with the fans from day one and accepts that he/she or them must take supporters with them.
I’m hoping that all the bidders open a dialogue with the Supporters’ Club and start talking to the local media as soon as possible.
Meanwhile, we fans can still make a difference by continuing to give our 100 per cent backing to the coaching staff and players to help spur them on to kill off any fears of us getting dragged into a relegation scrap.
Talking to the staff, it is as if a great black cloud has been lifted from the club now that Messrs Miller, Oliver, Lloyd and Deakin have gone.
Port Vale may be far from safe but I’m starting to think I can see the light at the end of the tunnel thanks to the city council and our astonishing fans whose loyalty and generosity is genuinely humbling.
Read my Port Vale columns every Friday during the season in The Sentinel