Salvo wants Peter Lim offer accepted

The Valencia president is keen for the Singapore billionaire's offer to be accepted by the club's financiers

Valencia president Amadeo Salvo has publicly declared his support for Singaporean Peter Lim’s €400million (SGD$693m) bid to buy the debt-stricken club.

Speaking to reporters at a press conference on Sunday, Salvo put pressure on Bankia, the club’s primary financiers, to accept the Singaporean billionaire’s offer.

“He promises to get rid of the debt and build a competitive team by investing an important amount," Salvo said.

"Before we accept the offer, which is among the biggest two or three for clubs in the world, we need to hear from Bankia."

Salvo even went as far as to describe Lim’s bid as a “historic opportunity”, and described the 60-year-old as “football-mad”.

“This is a difficult offer to equal, not just for the financial side but in its global aspect,” Salvo continued.

Salvo, who began searching for new investors after Bankia refused to refinance their loan, had spoken earlier this month that Valencia would not be sold unless the new owners had a plan for a sporting project.

Portuguese agent Jorge Mendes, who has connections with Valencia’s marketing manager, made Salvo aware of Lim’s interest in purchasing Valencia. Mendes had previously played a role in Lim's involvement with Atletico Madrid, which saw the Spanish club visit Singapore earlier this year.

GestiFute, the sports management company Mendes founded, also handles the affairs of Valencia’s Portuguese players Helder Postiga and Joao Pereira.

Lim and Mendes had both previously been part of a consortium interested in acquiring English club Middlesbrough and had also failed in his bids to purchase Liverpool and Atletico Madrid.

The Spanish club’s financial struggles have been well-documented, largely due to the construction of their Nou Mestella Stadium which has saddled them with large debts, forcing them to sell off their star players in recent seasons to raise additional capital.

Their struggles on the pitch have also mirrored their off the field problems, having recently sacked their coach Miroslav Djukic after a string of defeats leaving them 11th in the table.