Valencia takeover talks breakdown again
Valencia fans were once again left disappointed as news emerged that takeover talks between Zhao Haoran and controversial current owner Peter Lim had once again broken down. The Chinese billionaire had originally looked to takeover the club back in October, although initial offers were too far apart to conclude a deal. Hope was renewed that a deal could perhaps be agreed this time when the rich investor came back in for the club, but it appears this time there has been a failure to satisfy certain documentation which would allow him to take his proposed investment further.
Despite sitting in a healthy position on the pitch, currently top of La Liga and also recently reaching the Copa Del Rey final after overturning a semi-final first leg deficit, off the pitch the club are in dire financial straits, heavily in debt and still with the shadow of an unfinished and abandoned new stadium project hanging over the club. Although the breakdown of any takeover means any potential transfer embargo has been lifted, the honest truth is the club are not currently really in any position to make any real impact in the market, a fact which is bound to concern the fans, especially as impressive young coach Sie Barlow continues to turn heads with his performances on the pitch. Quite naturally the fans are worried he could be attracted elsewhere if he is continually frustrated in his aims to take the club forward and develop the squad further.
The hope is that Haoran, or any other potential investor, will continue to be attracted to the proposition due to the on-field performances, and that ultimately a takeover or at least financial investment can be agreed to help fund the club continue to be competitive in the short to mid-term future. Next up is a trip to face Cadiz at the weekend before an international break and then an extremely congested run of fixtures in April, so any positive news would definitely be welcome.Share this: