Europe » Spain

Valencia Need €75 Million Before July

Valencia may be forced to sell their prized assets as a plan to put the club back onto a sound financial footing kicks into actions.

Mar 12, 2009 9:48:56 AM

The Valencia first team for the 2008/2009 season.

Photo Gallery

Zoom

The Valencia first team for the 2008/2009 season.

Teams

Valencia

Valencia have to find €75 million by the end of June as the first step in their six-year plan to put the club back on a sound financial footing. That could, however, mean selling their star players.

Los Che are in dire straits and letting David Villa or David Silva go could just be the start of what is sure to be a troubling close to the current campaign both on and off the pitch.

The team have struggled for results since Christmas and the turmoil behind the scenes has only gained some stability thanks to a plan drawn up by director Javier Gomez.

He has presented a six-year plan that is certain to see the club having to be weakened before it can grow again because his plans insist that the organisation need €75 million in the next 14 weeks.

The sale of the land that the Mestalla stands on is one option but this remains a problematic subject.

Agreeing huge loans with financial institutions is also being worked on but, without the national and international pulling power of Barcelona or Real Madrid, the lure for banks and money lenders is not strong.

Selling players is the third and most likely avenue to raise substantial sums and, with Manchester City now cash-rich and interested in Villa, a huge deal could be in the offing.

Both Barca and Madrid are also said to be keen on securing the services of ‘El Guaje’ and that could see Valencia able to raise their asking price.

If the club insist that they will not let their stars leave, or enough of them at least, then they could face having to suspend players’ wages over the summer as they look for another contingency for the new season.

Lucas Brown, Goal.com

Thank you for your comment!

Please enter your name

Please enter your location

Please share your comment!