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SBD Global/August 13, 2014/Franchises

Peter Lim's Reps Meeting With La Liga Valencia President In Manchester As Deadline Looms

With "the 15th of August approaching at full speed," the agreement between Peter Lim's Meriton Holdings and La Liga side Valencia lender Bankia is yet to be signed, according to Diego Picó of MARCA. Nevertheless, Lim's "strong men" were scheduled to meet with Valencia President Amadeo Salvo in Manchester on Tuesday to "plan the strategy going forward." On Friday, the period to reach an agreement will end "and the tension is rising." Both parties have "taken very different positions." Valencia is "applying pressure publicly," while Bankia is "indicating that an agreement is near." The negotiations are "blocked by the guarantees the bank is demanding." Salvo on Monday "urged a quick resolution" (MARCA, 8/12).
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