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SBD Global/November 29, 2012/International Football
Valencia FC Is Searching For Commercial Partnerships In Dubai
Published November 29, 2012
La Liga Valencia FC is in the UAE "on the lookout for sponsors to bail them out of their current financial woes," according to Gautam Bhattacharyya of the GULF NEWS. Club President Manuel Llorente is on a visit to Dubai to meet a number of prospective investors and is "keen to launch an exchange programme with an academy in Dubai." Llorente said that the debt-ridden club is open to talks regarding "commercial partnerships" and also has a meeting with the Dubai Sports Council on the agenda to "explore the possibilities of opening an academy." Valencia is now "grappling with an outstanding debt" of €350M ($451M) and "looking to finish work" on the new Mestalla stadium in Valencia (GULF NEWS, 11/28).
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