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The FAS president has raised the possibility of close collaboration between Singapore and the Spanish club who were purchased by businessman Peter Lim

With Peter Lim completing his long drawn out takeover of La Liga side Valencia on Saturday, potential boosts for Singapore football has become a key topic of discussion.

Speaking on Channel NewsAsia's Singapore Tonight on Saturday night, Football Association of Singapore (FAS) President Zainudin Nordin talked up the likelihood of Singapore football benefiting directly from Lim's buy out of Valencia.

"As an individual, I've always seen Peter Lim as very Singaporean and caring of the Singapore sports scene," said Zainudin. "We would probably like to have a discussion with him and see what more he can do to develop football."

The Peter Lim foundation was set up by Lim to award sports scholarships to capable young Singaporeans and has also been instrumental in inviting top personalities like Jose Mourinho and Cristiano Ronaldo to the country.

Last year, the foundation invited Atletico Madrid for a one-off friendly match against a S.League selection side in Singapore.

"I think we'll try to ask and see if this (collaboration between FAS and Valencia) could happen in the future," Zainudin added. "There could be potentially a lot of development that could happen in the future."

Zainudin also added that Lim's purchase of Valencia, who he rated as as 'top club' and 'one of the most succesful in Europe' was good news for Singapore and could go a long way in promoting the country's image beyond football.

"I think when you look at what has happened in other leagues for example like the English Premier League, when an individual such as Peter Lim owns a club, it can bring up the image of Singapore, because people recognise him as a Singaporean, as a Singapore brand," he told the news network.

"I think with his capability and ability to believe and do things, there is a potential of the positive side of the Singapore brand becoming more popular, and Singapore football being more recognised elsewhere."

Lim had made his bid for the Spanish club last year but had faced several hurdles including a false flag from the administrators who claimed he was out of the running for failing to meet the requirements.

He was most recently linked with a bid for AC Milan, although that was brushed aside by the Italian club's owners.

Indonesian Eric Thohir who owns Inter Milan and Malaysians Vincent Tan and Tony Fernandes who own Cardiff City and Queens Park Rangers respectively, are the other three Southeast Asians with a majority stake in an European football club.