Valencia CF: agreement signed between the regional government and the club to facilitate its sale

An agreement was reached between Valencia CF, their foundation (owner of 70% of the club) and the Generalitat (regional government of the Valencian community, the majority shareholder of the foundation) not to freeze the sale of the club, on the 27/01/2014. The Spanish regional government will keep the club informed of developments in the negotiations and asked the Spanish bank Bankia, in charge of the sale of the club, to do the same.

Amadeo Salvo, president of Valencia CF, announced that he would refuse to provide certain documents to prospective purchasers, adding that “Valencia is a ‘feeling’ that you cannot sell like a chorizo business. From now on, it is us who are in charge of this sale, not Bankia. We will defend what is best for Valencia,” he said at a briefing with supporters and shareholders of the club on the 24/01/2014.

Bankia, assisted by the audit firm KPMG, will examine the records of potential buyers of the club. "Bankia and KPMG announce behind our backs that they will sell Valencia as if they are the owners. (...) We are simply asking for more transparency and for…