Port Vale to survive whole season at least

Port Vale's administrators have revealed that the stricken club will stay afloat for at least the coming season.

Port Vale entered administration in March and have yet to agree a takeover deal, but Begbies-Traynor have confirmed that the players have been offered contracts to fulfil a season of football.

"What we have done is offer the players contracts until the end of the season, so we are committed to play all of the fixtures," Boy Young, a director at the firm told BBC Stoke.

"If we haven't achieved a sale by the end of this coming football season, clearly we're not going to achieve a sale and, in those circumstances at that stage, we'd have to close the football club down."

A proposed takeover by Keith Ryder is still on the cards but talks have reportedly stalled in recent weeks.