Local government 'takes control of majority shareholding of Valencia'

Government 'takes control of Valencia'
© PA Photos
The local government reportedly takes control of Valencia due to the club's failure to pay off their debt.

Valencia have reportedly been taken over by the government after failing to pay off their debts.

The Spanish outfit have been struggling financially for some time and reports have claimed that the local government have stepped in to take the majority shareholding of the club.

It is believed that the government are eager to offload the club and will try to meet Valencia's request of keeping it in the hands of the locals, according to insidespanishfootball.com.

Valencia are believed to have accumulated £71.4m worth of debt.

Real Madrid coach Jose Mourinho on the touchline before the start of the match against Atletico Madrid on December 1, 2012
Read Next:
Live Commentary: Valencia 0-5 Real Madrid - as it happened
>
You May Like
Recomended from Sports Mole

Loading ...

Failed to load data.

Tables
TeamPWDLFAGDPTS
1Barcelona1916305294351
2Atletico MadridAtletico1912612882042
3Valencia19124340192140
4Real Madrid1895432171532
5Villarreal199462621531
6Sevilla199282328-529
7EibarEibar198382431-727
8Getafe207672318527
9Real Betis198383336-327
10Athletic Bilbao206862019126
11GironaGirona197572828026
12Celta Vigo197483327625
13Leganes187381517-224
14Espanyol196671521-624
15Real Sociedad196583334-123
16Levante193971526-1118
17AlavesAlaves1960131427-1318
18Deportivo La CorunaDeportivo1944112137-1616
19Malaga1932141333-2011
20Las PalmasLas Palmas1932141446-3211
Login, I already have my ad-free pass
Log in with Facebook to customise Sports Mole
Buy ad-free access (show me the options)
Buy monthly ad-free access for £1.20/month
Buy yearly ad-free access for £12 (2 months free)
Settings - Logout - Manage your account
Settings - Logout - Manage your account