Brazil Invites Colombia For Charity Match CPL Provides Economic Boost To Hosts Hennessy Ends Newbury Race Sponsorship Brazil Probing Rigging Of Stadium Contracts Alonso Could Replace Rosberg At Mercedes TLA Worldwide Announces Marketing Firm Inter Milan Will Sell Players In January UAE To Host Women's Cricket Tournament Executive Transactions Image Rights Payments Back In Focus
SBD Global/August 1, 2014/FranchisesPrint All
La Liga side Valencia majority shareholder VCF Foundation President Aurelio Martínez said on Thursday, "Peter Lim is the owner of Valencia," according to Conrado Valle of AS. This "is not yet true officially, though." Of the VCF Foundation's 19 members, 17 voted on Thursday "in favor of the sale of the Foundation's 70% share in the club to Lim." The agreement "on a share transaction with Lim's Meriton Holding is closed." Nonetheless, however, the agreement is "conditioned" to two requirements: Meriton Holding reaching an agreement with lender Bankia and the "resolution of a series of judicial conflicts." Martínez said, "There are some conditions that will be resolved soon" (AS, 7/31). SUPERDEPORTE reported Martínez said, "My personal opinion is that everything will be final by August 15." Martínez added, "I would have liked a unanimous vote because it would give the agreement strength. The differences are not as big as they could have been. I am respectful of the other parties" (SUPERDEPORTE, 7/31).
Spanish second division side Real Zaragoza's new majority shareholder, the Fundación Zaragoza 2032 group, "has made the payments that were owed to the club's approximately 200 employees for the last two or three months." Payments are now up to date as of June 30 and the Fundación said that salaries for July and August will be paid in advance (EFE, 7/31). ... La Liga side Espanyol has reached an agreement with Spanish tax authorities in which it agreed to pay a quantity of €5M ($6.7M) that was determined this summer. The club has agreed to "make that payment" by Aug. 31 (EL PERIODICO, 7/31).