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SBD Global/August 1, 2014/Franchises

La Liga Valencia Majority Shareholder VCF Foundation Approves Sale Of Club To Peter Lim

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).
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