TODAY.AZ / Sports

Singapore tycoon ready to buy Valencia FC

25 December 2013 [14:50] - TODAY.AZ
Singapore businessman Peter Lim has offered to purchase debt-ridden La Liga side Valencia, according to the club's president, Amadeo Salvo.

Speaking at a specially convened press conference before Sunday's match with Real Madrid, Salvo said: "Mr Lim has made an official offer to Bankia to buy the club. It is one of the two or three biggest transactions ever in the world of football."

The La Liga club revealed in August that its debts to Bankia, Spain's fourth largest bank, stood at $376 million.

Salvo said Mr Lim has proposed that the purchase be completed by the middle of next month to allow the club time to spend money on players before the transfer window closes on January 31.
URL: http://www.today.az/news/sports/129472.html

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