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American company Blue Sky International will invest £5m into Port Vale over the next 12 months.

Vale also said the sports construction firm are expected to commit a further £2.5m over the next five years.

The funds will be spent on the running of the club, Vale Park, a training area and facilities for the local area.

The League Two side's chief executive Perry Deakin "This is a fabulous arrangement for the club and secures our long-term future."

An additional £500,000 will be spent on pre-season tours over the next 10 years.