The Valencia Foundation has voted to cede its shares in Valencia to Peter Lim and Meriton Holdings but the club still isn’t sold.
AS reports that the vote passed in favour of Lim by 17 to 2 and Lim would take control of 70% of Los Che.
But before Lim can become the club’s owner an agreement has to be reached with Bankia, the main creditor, regarding the financing of the club and how the debt will be handled.
There are also questions regarding the club’s stadium to be resolved, AS add.
