Valencia's future has been thrown into further confusion after a Spanish court ruled on Tuesday that the club was now owned by its bank, not the Valencian regional government as had been previously thought.

The judge found that Bankia, a bankrupt Spanish bank which has itself needed a government bail-out, now controlled a majority of shares due to a guarantee given for a loan which is overdue. The Valencian regional government [Generalitat] made a €4.8 million interest payment on ...

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