Valencia boss to restructure its debt

Valencia boss to restructure its debt
According to Reuters, valencia boss Peter lim (PeterLim) have reached an agreement with Spanish class kia joorabchian (or cajas) bank, will be huge debt restructuring club.
Last month by the LiTong (Meriton) holdings acquired a 70.4% stake in valencia, singaporeans to the next step is to solve debt problems. Valencia club debt of 320 million euros ($437 million).
Nokia corp. "class Mercurial JR Victory and the detailed rules for the ubi group restructuring the club's debt is worked out, after both sides complete relevant legal procedures will be introduced." Class phosphite bank said in a statement on its website. The statement also said the LiTong provides a "wise, credible" debt restructuring plan, will ensure the club's finances long-term stability, and to enhance the competitiveness of the club to build a solid platform.
According to Forbes magazine, Peter lim total assets up to 2.4 billion euros (1.4 billion pounds). He is also enthusiastic football fans and fans.
Like many Spanish club, valencia in debt,Mercurial Victory Junior are often forced to sell star players to make a living. They failed to qualify as Europe last season, and in the champions league cup semi-final was eliminated by sevilla, the reigning champions. They last won the Spanish in 2004, will strive to restore after Peter lim took his glory.
Different from the premier league, la liga few foreign capital, a winner. Malaga club owner abdullah - agri sahni on Friday said it was "left", claiming the reconstruction plan can not get the support of the local authorities of the club. Indian businessmen ahmed chalabi mulberry ali - [2011 acquisition of the santander athletics, and promised to make the challenge of real Madrid and Barcelona "third force",JR Mercurial Victory FG but then, the club's demotion to serie b debt increases.