£432 Million!

Nick 0208 Ldn

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Former Valencia president Vicente Soriano has stated that the club are under no pressure to sell their stars after receiving a €500million (£432m) boost.

The Primera Division side have struggled financially of late and further players were expected to leave this summer after Raul Albiol was sold to Real Madrid.

Attackers David Villa and David Silva have both been linked with big-money moves away from Los Che, but Soriano has eased fears of an exodus.

Soriano has regained control at Valencia and revealed on Monday evening that an investment group, Inversiones Dalport SA, is willing to pay €500m for the site of the club's old Mestalla stadium.

"The grand Valencia project was held up by the economic crisis," Soriano said in quotes carried in the Spanish media.

"The club had a serious liquidity problem which paralysed its plan for growth. The very existence of Valencia was under threat but this is no longer the case."

He added at a press conference: "We will not be obliged to sell."

http://www.skysports.com/story/0,19528,11837_5418895,00.html



At the height of the property boom Chelsea weren't even being quoted that much for Stamford Bridge.

There was a feature about this on the radio last night, where a journalsit said that only three clubs in the Spanish top flight could be viewed as operating in a "fit and proper fashion".

Awfully reminiscent of the Ream Madrid training ground scandal, and they supposedly got the land for the Nou Mestalla 30m less than its actual value.

Now Fifa and Uefa aren't going to interfere in the political mire that it is Spanish football but, the German and French clubs in particular, the English too, they must half a mind to hire their own legal teams when they see this going on.
 

gaffs

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Now Fifa and Uefa aren't going to interfere in the political mire that it is Spanish football but, the German and French clubs in particular, the English too, they must half a mind to hire their own legal teams when they see this going on.
English, German and French clubs hiring legal teams to challenge and investment groups purchase of a Spanish clubs stadium?

Not going to happen.

Good on Valencia. The financial crisis really did make a Mestalla of their plans!!!
 

jojojo

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Nobody seems to know who Inversiones Dalport are - at the moment they're just a name.

Mind you there's a massive political corruption scandal running in Valencia (not the football club, the city) at the moment, so they aren't the only mystery company out there.