LaLiga Santander: "The club is not for sale and Peter Lim reiterates his commitment" (Valencia CF)

"Valencia CF (LaLiga Santander) is not for sale, not even a part of the shareholding package of its largest shareholder. Peter Lim (SIN) reiterates his commitment and involvement as the maximum shareholder, an example of this is the capital increase proposal that must be approved at the next ordinary general shareholders' meeting," announced the Spanish club on 03/10/2021.

Miguel Zorío, vice-president of Valencia CF from July 2008 to March 2009, said he had sent the Singaporean entrepreneur, via a 'friend' of the latter, an offer to buy out his shares in the club (around 83%) for €248m (€194m share buyback + €54m debt repayment) on 01/10/2021. "Lim has created uncertainty, he has misled the club's fans. He came in as a saviour but Valencia CF is in a worse situation now than when he arrived. He has disrespected the fans, the institutions and has not kept any of the promises he made at the start. (...) The club is currently worth nothing because it has negative equity, which is less than 50% of the club's share capital," said Miguel Zorío in an interview with Spanish website Palco23…