Soccer-Valencia offered cash injection by Singapore billionaire

Debt-ridden Valencia have an offer on the table from Singapore billionaire Peter Lim to pump money into the club with a view to becoming one of the top sides in Europe. Club president Amadeo Salvo has been searching for investors with Spanish banking conglomerate Bankia, which is owed 300 million euros ($410 million) by Valencia, having pushed for the club to be put up for sale as they consider the debt to be unsurmountable. Valencia have been forced to off-load leading players including David Villa, Jordi Alba and David Silva in recent seasons to raise capital while they also have a half-completed stadium. The arrival of Lim could offer a new dawn for the club and the plan would be for him to buy the 70 per cent share belonging to the Valencia Foundation.

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