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Bankia puts Valencia CF up for sale for a quarter of a billion euros

Bankia puts Valencia CF up for sale for a quarter of a billion euros

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Old Dec 11th 2013, 8:00 pm
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Default Bankia puts Valencia CF up for sale for a quarter of a billion euros

http://www.elmundo.es/comunidad-vale...e578b457b.html

Given it's a club with a huge catchment and should reasonably expect to get into the Champions League most seasons, does this seem like a reasonable price?
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Old Dec 12th 2013, 8:39 am
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Default Re: Bankia puts Valencia CF up for sale for a quarter of a billion euros

Originally Posted by chopera
http://www.elmundo.es/comunidad-vale...e578b457b.html

Given it's a club with a huge catchment and should reasonably expect to get into the Champions League most seasons, does this seem like a reasonable price?
Considering how much debt they have got into, and the number of good players they've been forced to sell, it'll be a wonder if they maintain their usual good position in the league.
I don't think it'd be a good price for a normal business - but football as we know is different. And I wouldn't rule out a foreign billionaire, trying to buy fame and glory, buying up the club. I hope someone does rescue the club, it'd be a shame to see it go under.
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Old Dec 12th 2013, 9:22 am
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Default Re: Bankia puts Valencia CF up for sale for a quarter of a billion euros

Originally Posted by chopera
http://www.elmundo.es/comunidad-vale...e578b457b.html

Given it's a club with a huge catchment and should reasonably expect to get into the Champions League most seasons, does this seem like a reasonable price?
Seems a reasonable starting price, but you have to add on top of that the money needed to get the new stadium up and running, which is effectively why Valencia CF is bankrupt

Foreign investors are very wary of coming to Spain because football clubs are an intrinsic part of the community and you need to work very closely with the city councils for everything

That was the reason why the Jeque in Malaga is pulling his money out. The guy and his entourage dont speak Spanish and are incapable of working with the ayuntamiento of Malaga. So no surprises that they weren't able to get permission to build a new stadium

In Spain, politics and making friends is very important
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