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SBD Global/December 23, 2013/Finance
Singapore Tycoon Peter Lim Reportedly Interested In Buying La Liga Side Valencia
Published December 23, 2013
LONG SEARCH POSSIBLY OVER: In Madrid, Fernando Álvarez wrote "Salvo has looked for a Valencia investor for months and seems to have found one thanks to player agent Jorge Mendes." During the search, "together with Valencia Marketing Dir Luis Dowens, who has connections with Mendes, they learned of Lim's interest." Those who "have been taking part in the negotiations" indicated that Lim's "initial investment" will be €400M ($546.9M), with which he will "buy shares, pay off Bankia, finish off the stadium and invest in the team." Earlier in the year, Lim "held talks with Atlético Madrid, though in the end nothing came of it" (MARCA, 12/22).