Valencia: "Impossible to recruit with revenue decreased from €200m to 100m" (A. Murthy, president)

"We started this 2020-21 season with a very difficult, almost impossible challenge. Our revenues went from €200m to €100m. We therefore had two very clear objectives: to reduce the wage bill to fill the gap of this difference of €100m, and at the same time strengthen the team. In the end, we could not achieve the first objective and therefore it became impossible to add additional costs while recruiting," said Anil Murthy (SIN), president of Valencia CF (LaLiga Santander), on the club website on 06/10/2020.

Valencia CF is one of the three clubs in the European Top 5 leagues -- along with FC Girondins de Bordeaux (Ligue 1 Uber Eats) and Real Madrid CF (LaLiga Santander) -- not to have recorded one single arrival of a new player during the 2020 summer transfer market, closed on Monday 05/10/2020 at midnight.

"We all wanted to strengthen the squad, but instead of making popular decisions, we decided to be responsible because our payroll is way above what we are allowed (by LaLiga, see below)," added the Singaporean leader.

"The young players of the club have a real chance to seize the…