Lim’s Valencia takeover stalls again

Valencia’s takeover by Singapore business magnate Peter Lim has once again hit a snag, according to a report in Marca.

Negotiations between Lim’s company Meriton Holdings and Bankia, the club’s main creditor, have been taking place in Madrid this week, but it appears agreement has still not been reached that would see the sale take place.

Lim’s representatives are understood to have left a meeting on Wednesday after further obstacles surfaced during talks over an agreement that was provisionally announced on August 14.

Valencia President Amadeo Salvo, meanwhile, has travelled to Singapore to attend the Formula One Grand Prix to be held there this weekend, where it is hoped he will be able to smooth out any last-minute hitches.

Tags Amadeo Salvo Peter Lim
La Liga - Club News