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  1. ITV Central News

Administrators hold press conference at Port Vale

A press conference is being held at Port Vale later this morning, where it's expected administrators will announce their preferred bidder. It is understood that they have received five anonymous bids, the deadline for which was Monday.

Port Vale entered administration last month with debts of almost £3 million.

Bob Young, Gerald Krasner and Steve Currie of corporate recovery specialists Begbies Traynor were appointed joint administrators following an order made by the High Court in Birmingham.

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