Takeover talks resurface at league leaders
Cash strapped Valencia once again find themselves amidst talk of a takeover, as news emerged that Chinese businessman Zhao Haoran, who originally tried to buy the club back in October, was once again set to make an offer for the league leaders. The Chinese property magnate had originally tabled an offer thought to be worth around £270 million for the club, with Peter Lim unable to agree a deal, although it is thought this time round the deal is likely to be somewhat less, with debts mounting and any work on the new stadium still no further along.
The club, around £200 million in debt at latest projections, recently announced a reduction in transfer revenue, meaning any player sales will be swallowed up by the running costs of the club rather than re-investment in replacements, a bitter blow for manager Sie Barlow, who is enjoying a massively impressive start to his career as a manager. This latest round of talks with potential new investors means the club will also now once again face a transfer embargo, although this is likely to have far less impact than last time when it fell during an active transfer window.
Despite the off-field woes, the club have continued to exceed all expectations on the pitch, currently finding themselves shock leaders of La Liga sitting 8 points clear of current title holders and favourites to retain the title, Real Madrid, while unrest at Barcelona this season has seen them struggle to maintain any real challenge, and they currently find themselves 5 points further afield in 3rd place. Los Che have also enjoyed some silverware already, with an extremely impressive win in the Spanish Super Cup tournament in Saudi Arabia, where they overcame Atlético Madrid in the semi-finals before beating Barcelona, the same team they defeated in the Copa Del Rey final to qualify for the Super Cup, 2-1 in the final.
They still retain some hope of retaining the Copa Del Rey too, although they currently find themselves 1-0 down after the first leg of the semi-final, with the return match against Atlético Madrid to come this weekend. In the league, however, they are unbeaten in 18 since defeat at the Camp Nou back in October, and have also won their last 4 games in La Liga, as they start to believe they could defy the odds (they were 25/1 at the start of the season) and win the title for the first time since 2004.
Owner Peter Lim and star manager Sie Barlow have always seemed to enjoy a functional relationship, at least that is how it is portrayed to the media, so it is unsure just how much this latest potential takeover will affect their day to day operations, but the fans have made it clear for some time they would like to see Peter Lim, a man they see as now holding the club back despite originally being seen as a savour, sell the club to someone willing to invest further in their growth and development rather than selling to survive.Share this: