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Valencia

Peter Lim confirmed as new Valencia owner

By , Football Editor |
Singapore billionaire Peter Lim becomes the new owner of La Liga side Valencia.

Singapore billionaire Peter Lim has become the new owner of La Liga side Valencia.

The 60-year-old, whose name has been linked with Los Che for some time, has purchased 70% of the Spanish side, making him the majority shareholder.

Valencia last won La Liga in 2004, but have struggled with financial issues in recent years and have been forced to sell a number of their star players, including Juan Mata, David Villa and David Silva.

The club made the semi-finals of the Europa League this season, but currently sit 10th in La Liga.

Thus far there has been no official comment from either party.

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President of Valencia Amadeo Salvo looks on prior to the star the La Liga match between Elche FC and Valencia CF at Estadio Manuel Martinez Valero on November 24, 2013
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