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SBD Global/February 25, 2014/Franchises

La Liga Valencia Explains Next Steps It Will Take As Club Eyes Sale In Upcoming Months

La Liga Valencia on Monday "reached a definitive agreement between all parties to make the process of selling the club a 'consensus,' with Valencia, majority shareholder VCF Foundation, the Valencian City Council and the club's lender, Spanish bank Bankia, all having a voice," according to Conrado Valle of AS. The process "will now enter the following phases." First, "interested investors will present offers over the next three weeks, and these will be kept confidential." Following the presentation of offers, "bidders' offers will be reviewed for 15 days." Valencia is "expected to have selected a buyer by early April and the sale could be finalized in late April or May" (AS, 2/24).
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