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SBD Global/January 30, 2014/Franchises

Franchise Notes: Valencia Lender Bankia Happy To Let VCF Foundation Lead Sale

La Liga side Valencia's lender, Spanish bank Bankia, is "very satisfied" with Valencia majority shareholder VCF Foundation "wanting to lead the process of selling the club." A Bankia spokesperson said, "Since the arrival of the new bidders, Bankia always communicated to them that selling to a qualified and solvent investor that would contribute a socially, athletically and economically viable project was the best option" (EFE, 1/29). ... English cricket club Warwickshire has announced a small profit of £4,500 for the '13 season. This compares to the loss of £668,000 it suffered in its County Championship-winning year in '12. Warwickshire's turnover increased by £222,000 to £11.74M, while the county's primary profitability measure, EBITDA, increased by 90% from £755,000 to £1.4M (BBC, 1/29).
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