“Al Valencia the wait two difficult years Y there will be additional sales of players”. The words of Anil Murthy at the club’s last Shareholders’ Meeting, on December 11th, still echo in the heads of all of us. Now the president is in Singapore, and nobody has anything clear that he will return (although it will be most likely), and above all, it is not known what orders he will receive there from the club’s maximum shareholder, Peter Lim. Although if there is something that can mark the future of the company in the short term, it is something else that Murthy himself said at that meeting.
“Meriton Holdings has requested the repayment of the two loans it has granted to the club, one of 38 million at a 2.8% interest rate, which is guaranteed by the rights of four first-team footballers and 20 percent of television rights, and another of 16.5 million, at a 3% interest rate, which is also guaranteed by the rights of four other players ”. Despite the regrets, and after consulting various specialists, the contract, with the players as collateral, is an absolutely normal practice, and from the point of view of how the Treasury can see it, even convenient. But what a pass would have, and would condemn Valencia, is that Lim wanted to collect the loans this June 30.
It is impossible for that money to be generated, at that date, if it is not for the sale of footballers. And there would have to be several, because also the market will not be for many joys, as we have seen in this month of January. That you have to sell to balance the budget is one thing (that we have done too few in Valencia), and another that you want to strangle the club in this way. Is that what Lim wants to do? Being the owner of 85% of the shares, unless you sell them, are you interested in killing your company in this way? In this matter, beyond what we see evident, and Murthy’s words, we are going to see what Meriton’s final maneuver is. And what can be done, legally, to avoid being hit.
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