La Liga news

Varona: Valencia not for sale

April 4, 2013
By Dermot Corrigan, Spain Correspondent
The newly-appointed head of Valencia's Fundacion del Valencia CF, Federico Varona, says the club is not for sale and he will work to find a way to manage their estimated €350 million debts and complete a new stadium.

Valencia are, in theory, owned by the Fundacion del Valencia CF - but in practice Spanish bank Bankia controls a majority shareholding.

It is a complicated situation, with the regional Valencian government thinking it was in charge after it guaranteed a club ...

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