Valencia may have to sell stars

Image: Villa: One of Valencia's top assets

Javier Gomez has admitted that Valencia could be forced to sell players to resolve their financial problems.

Chief executive admits club's financial state is 'delicate'

Javier Gomez has admitted that Valencia could be forced to sell players to resolve their financial problems. Valencia have previously declined to answer questions about their finances but they have been forced to delay payments to their players and construction work on the new stadium has also stopped. Gomez was appointed as Valencia's new chief executive following a board meeting on Wednesday and he admits action must be taken, with reports suggesting the club has a total debt of around 450million euros (£400million). "The club is in a very delicate situation. It has to control spending, grow income and sell assets," Gomez told reporters. Valencia have fought hard to keep players such as David Villa and David Silva in the past but they may now have to listen to offers. Liverpool are also understood to be interested in defender Raul Albiol and Gomez has refused to rule out player sales. "Obviously we will consider that type of action," he said. "We have to control costs and the biggest cost in a football club is maintaining a team." Gomez added: "Before, we had a plan that was based purely on selling the land, now we need to seek alternatives. We need to win back credibility with the financial institutions."

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