of singapore businessman peter lim buys football club valencia

Singapore businessman Peter Lim is the new owner of debt-ridden Valencia after buying 70.4 per cent of the shares owned by the club's foundation, the La Liga side said on Saturday.

The spokesman added that the next task for the new owner will be to agree a deal with creditors Bankia, who are owed 220 million euros (S$376.88 million). The club's total debt is around 360 million euros.



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