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Valencia

Peter Lim confirmed as new Valencia owner

By , Football Editor
Singapore billionaire Peter Lim becomes the new owner of La Liga side Valencia.

Singapore billionaire Peter Lim has become the new owner of La Liga side Valencia.

The 60-year-old, whose name has been linked with Los Che for some time, has purchased 70% of the Spanish side, making him the majority shareholder.

Valencia last won La Liga in 2004, but have struggled with financial issues in recent years and have been forced to sell a number of their star players, including Juan Mata, David Villa and David Silva.

The club made the semi-finals of the Europa League this season, but currently sit 10th in La Liga.

Thus far there has been no official comment from either party.

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President of Valencia Amadeo Salvo looks on prior to the star the La Liga match between Elche FC and Valencia CF at Estadio Manuel Martinez Valero on November 24, 2013
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