If you are a football fan, you are familiar with Valencia. Valencia is a Spanish football club founded in 1919. The club plays in La Liga. To date, they are the largest and the most flourishing club in Spanish and European football. The club comes in third position after the Real Madrid and the FC Barcelona.
The club’s journey was not easy. Their golden times was halted because of their massive debt issues in 2010. Due to their massive debts, the team gave up their top players like David Silva and David Villa to Barcelona and Manchester. But despite that, the team satisfactorily finished at 3rd place in the La Liga season 2010-11.
The fate of the club is about to turn because there is an offer for an investment. According to reports, the Peter Lim, a Singaporean billionaire is willing to thrust money to the club so it can become the power it was once. The club owes Bankia, a Spanish banking corporation €300 million. The club was forced to give up their top players to raise money. Their stadium is also under construction.
With Mr. Lim’s offer, the future of Valencia looks bright. Amadeo Salvo, the president of the club, is positive about the new offer. The new investment seeks to strengthen the team’s standing in Spain and the whole of Europe. Mr. Lim is more than ready to invest between €30 – €50 million in January 2014 to win a spot at the Champions League.
For the time being, Valencia is waiting for the answer of the Bankia. The club is positive about the investment and is looking forward to it.