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SBD Global/May 8, 2014/Franchises

Russian Investors' Bid To Buy La Liga Valencia Loses Backing Of Local Politician Alfonso Rus

The "so-called Russian offer" to buy La Liga side Valencia, which is backed by Russian business Zolotaya Svedza, will "no longer have the support of Valencia Provincial Council President Alfonso Rus," according to SUPERDEPORTE. Rus "had been for the last three months the face of the bid from the Russian investors." The "breakup of Rus and Zolotaya Svedza has been confirmed, although no clear explanation has been given" (SUPERDEPORTE, 5/7).

NEW SCHOOL IN SOUTH KOREA: The EFE reported Valencia opened a "new school in South Korea, adding to Valencia schools already in place in Japan, Egypt and Bermuda" as part of Valencia majority shareholder VCF Foundation's "GloVAL International Program" project. The objective of the new school, which is located in Incheon, "is to develop young footballers, with four traveling to Valencia every season to live and study" (EFE, 5/7).
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