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SBD Global/April 2, 2014/Franchises

For-Sale La Liga Side Valencia Reportedly Receives Seven Offers

La Liga Valencia on Tuesday received "seven proposals to acquire the club," according to Conrado Valle of AS. The committee managing the sale of the club, which includes Valencia, majority shareholder VCF Foundation, lender Bankia and the Valencian City Council, "is studying what has been presented and confirmed that it received seven offers that meet the committee's minimum requirements." These offers "will pass to a new phase, an exhaustive study that will last three weeks." Sources indicated that "among the offers are proposals from Singapore businessman Peter Lim and Chinese multinational company Wanda Corporation." Four other offers came from U.S. investment firms GEM and Cerberus, as well as one Russian and one Arab investment firm. The seventh offer "is yet to be revealed" (AS, 4/1).
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