Dyke Draws Battle Lines With FIFA F1 Reportedly Returning To Mexico City Qatar 2022 Report To Be Released In Sept. Wanderers Partner With Herbalife Serie A Juventus Unveils Building Project Part-Owner Withdraws Financial Support Dutch Lottery Bails Out Belkin Cycling Van Gaal's ManU Debut Leads U.S. Invasion Arsenal Protests Concert Limit At Emirates Cagliari 4th Most Efficient Club In Serie A
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).