Valencia: Singapore tycoon Peter Lim wants club
Valencia president Amadeo Salvo said Sunday that Singapore
businessman Peter Lim was interested in buying the financially
Salvo told Spanish media that ”Peter Lim’s offer is
Salvo said Lim’s offer includes paying off Valencia’s debt and
money to spend on new players.
Lim placed a deadline of Jan. 15 for the club and its creditors
to decide, Salvo said.
”The club has to sell for a price between 200 and 250 million
euros,” said Salvo. ”The new investor has to eliminate the debt
we have with the bank, invest in players, promise to finish the new
stadium and to let the club be run by the people of Valencia. Lim’s
offer meets all these requirements.”
The 60-year-old Lim has a net worth of $2.05 billion, according
Valencia is one of seven Spanish clubs being investigated by the
European Union for allegedly receiving illegal public aid.