Report: Peter Lim hoping to complete Valencia purchase next month

A report claims that Singaporean business Peter Lim is close to completing his takeover of Valencia.

Peter Lim is reportedly hopeful of completing his takeover of Valencia early next month.

The Singaporean businessman reached an agreement with Meriton and Bankia – the bank who hold Valencia's debt – last month. However, the deal has still not been signed off by all parties.

According to Inside Spanish Football, however, only minor details remain, and Lim is confident of purchasing 70% of the club at the beginning of October.

Lim's presence was expected to see Los Che splash the cash this summer, but the Spanish outfit will now have to wait until January to further enhance their squad.

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Benfica's Spanish forward Rodrigo Machado celebrates after scoring the opening goal during the UEFA Europa League quarterfinal second leg football match SL Benfica vs AZ Alkmaar at the Luz stadium in Lisbon on April 10, 2014
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