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Singaporean billionaire Peter Lim is now the new owner of Spanish club Valencia

laksaboy

Alfrescian (Inf)
Asset
It's a mountain to climb for him and here's why:


vTZ9B5f.jpg
 

krafty

Alfrescian (Inf)
Asset
MADRID – Singapore property tycoon Peter Lim has been confirmed as the new owner of Spanish La Liga football club Valencia CF.

According to Spanish media reports, the 22-man Valencia CF Foundation trustees voted in favour of selling their shares to the 60-year-old billionaire’s Hong Kong-based investment company Meriton Capital Limited during a meeting in Madrid on Saturday.

Lim, estimated by Forbes to be worth US$2.4 billion (S$3 billion), had offered 420 million euros (S$720 million) in total, with 200 million euros for Valencia’s debts and 170 million euros to complete construction of a new stadium. He had previously forked out 45 million euros to buy two footballers – striker Rodrigo Moreno, 22, and midfielder Andre Gomes, 20, from Benfica and will transfer them to Valencia next season.

- See more at: http://www.straitstimes.com/news/sp...-spanish-football-club-v#sthash.DmSbDMgp.dpuf
 

frenchbriefs

Alfrescian (Inf)
Asset
i think i need to go into business of starting european football club,got many dumbasses chinks and gooks lining up to buy one with their life fortunes.

football club more profitable than real estate.
 
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Faker

Alfrescian
Loyal
Our sleague local boys finally get a chance to play in europe? Coach has to listen to boss.
 

McDonaldsKid

Alfrescian
Loyal
He's close to Mourinho. They were in Malaysia not too long ago.

And Ronaldo too if I am not wrong!

I don't think he's that rich to tempt both of them to Valencia. Would be quite something if he did manage to get Mourinho though. I wont be surprised if Chelsea sacks him next season for not winning anything and playing shit football.
 

GoldenDragon

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Asset
And Ronaldo too if I am not wrong!

I don't think he's that rich to tempt both of them to Valencia. Would be quite something if he did manage to get Mourinho though. I wont be surprised if Chelsea sacks him next season for not winning anything and playing shit football.

Not sure about Ronaldo. Was it reported in the press?
 

McDonaldsKid

Alfrescian
Loyal
Not sure about Ronaldo. Was it reported in the press?

I thought he brought Ronaldo over for some scholarship thing? Sorry I thought you were referring to that. Now that I think of it, I think the press only reported the Ronaldo story. Assume the Mourinho link is from your sources?
 

laksaboy

Alfrescian (Inf)
Asset
i think i need to go into business of starting european football club,got many dumbasses chinks and gooks lining up to buy one with their life fortunes.

football club more profitable than real estate.

More profitable? Not necessarily so. You can lose a lot of money through stupid business decisions e.g. buying overpriced shit players, building a new stadium and failing to fill its capacity etc, and when the fans turn against you, you may be forced to sell the club at a big loss.
 
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