Menu
Franchises

Sinagaporean Peter Lim Reportedly Acquires Valencia Following Approval From Bankia

Peter Lim "has bought" La Liga side Valencia, according to Julián Montoro of SUPERDEPORTE. Sources within Lim's Meriton Holdings "confirmed that paperwork confirming agreement on all points of dissension has finally arrived and the transaction is complete." After receiving a visit from Valencia President Amadeo Salvo and "hearing the fan base in the streets of Valencia," the Singapore businessman "stepped forward with the firm intention of ending the uncertainty and reaching the long awaited and very complicated agreement" with Valencia lender Bankia. At the "last minute," after hours of negotiations, "Meriton sent the latest proposal, which again ceded to some of the bank's demands, to Bankia." The objective was to "sign a definitive contract to reflect the agreement that both parties reached on June 6." The "last offer from Lim arrived in Madrid marked urgent," because Lim's intention was "to not wait another day -- to sign the document Thursday night." The matter "could have been complicated again had no agreement been reached by Friday, as everything would have been suspended until at least Monday." Nearly "eight months after Meriton's first contact with Bankia to buy Valencia, it was done on Thursday." Lim "called the transaction, which will not be officially announced until it is signed, official" (SUPERDEPORTE, 8/14).

FANS VOICED CONCERNS: In Valencia, Andrés García reported before the news of the agreement, Valencia fans "took to the streets and raised their voices against Bankia, tired of the bank not resolving the sale." Around 2,000 people "clamored for the future" of the club around the Mestalla stadium and later marched "toward the center of the city and the headquarters of Bankia." National Police offers "stopped the fans with police cordons." The "true purpose of the march was to peacefully show indignation with the bank." On Twitter and social media, #domingonosvemosenmestalla was a trending topic (SUPERDEPORTE, 8/14).

SBJ Morning Buzzcast: May 3, 2024

Seismic change coming for NCAA? Churchill Downs rolls out major premium build out and Jeff Pash, a key advisor to Roger Goodell, steps down

Learfield's Cory Moss, MASN/ESPN's Ben McDonald, and Canelo

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Learfield's Cory Moss as he talks about his company’s collaboration on EA Sports College Football. Later in the show, we hear from MASN/ESPN baseball analyst Ben McDonald on how he sees the college and professional baseball scene shaking out. SBJ’s Adam Stern shares his thoughts on the upcoming Canelo-Mungia bout on Prime Video and DAZN.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2014/08/15/Franchises/Valencia.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2014/08/15/Franchises/Valencia.aspx

CLOSE