La Liga news

Valencia president steps down

April 6, 2013
By Dermot Corrigan, Spain Correspondent
Valencia president Manuel Llorente said he was proud of the work he had done in turning the club's finances around as he announced his resignation on Friday afternoon.

Llorente, 61, a long-time board member at Mestalla, was appointed to the presidency in June 2009 when Valencia were in dire straits after the disastrous presidency of Juan Soler.

While some progress has been made in cutting its debts, the club remains in serious economic difficulty. Control of its affairs is ...

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