FPL Signs On As Sponsor Of Miami ePrix Former Barcelona President Testifies ACB Addresses Sunday's Brawl Executive Transactions Names In The News Jagmohan Dalmiya Named BCCI President F1 CEO Ecclestone Grants Advance Counterfeit Copa Do Brasil Tickets Seized Renovated Estádio De Pituaçu Obsolete Chinese Seal Deals With European Clubs
SBD Global/June 4, 2014/FranchisesPrint All
Singapore businessman Peter Lim's purchase of La Liga side Valencia is "entering its final phase," according to Conrado Valle of AS. A "principle agreement" between Lim's company, Meriton, and lender Bankia was expected to be announced on Tuesday. Lim is expected to acquire a 70% stake in the club from majority shareholder VCF Foundation after "finalizing the conditions of the payment of the club's debt." A "bureaucratic approval process will now begin between the VCF Foundation and the Board of Valencia Shareholders over the share transactions" (AS, 6/3).