Select a Team

Valencia reduce debt

Los Che slash debt by €150million after player sales

By Francisco Acedo.   Last Updated: 05/10/10 10:19am

  • Share:

Sky Bet

    • Retrieving latest Sky Bet odds

Valencia president Manuel Llorente has revealed the club have reduced their debt by €150million.

SKY SPORTS ON SKY There's more live football on Sky Sports than ever before, including the Barclays Premier League, UEFA Champions League, Clydesdale Bank Premier League, England away Euro 2012 qualifiers and La Liga. With four live Sky Sports channels, as well as Sky Sports News, you'll never miss a moment on Sky. Click here for more.

Los Che have made an excellent start to their Primera Division campaign and currently sit top of La Liga but are embroiled in financial problems.

Valencia sold a number of key players in the summer in an attempt to reduce their massive debt, with David Villa heading to Barcelona, David Silva switching to Manchester City and Carlos Marchena leaving for Villarreal.

President Llorente claims that the club's debt was €550m at the end of last season but that it has now been reduced to €400m.

He said: "In the summer 2009 this number was at €550 million and now this is reduced.

"It is necessary to follow our trajectory in all the aspects."

Valencia are planning to move into a new 75,000-seater stadium but work on the ground has stopped because of the financial problems.

  • Share:

Related

Most Popular

Features

The decline of Ronaldo?

The decline of Ronaldo?

An extract from the new book by Opta Joe, examining Cristiano Ronaldo's possible decline.

Why Bravo is Pep's man

Why Bravo is Pep's man

Find out the full story behind Pep Guardiola's long-standing appreciation of Claudio Bravo.

Bale the hometown hero?

Bale the hometown hero?

Gareth Bale could join a select group of players to win the Champions League in their hometown, with this season's final in Cardiff...