Thursday, February 29, 2024

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HomeTop LeaguesLa LigaMiguel Zorio wants to buy Valencia

Miguel Zorio wants to buy Valencia

Miguel Zorio, a local entrepreneur, proposes a €250 million bid to acquire Valencia from the controversial owner, Peter Lim.

Peter Lim has been widely criticized at Valencia. The Singaporean businessman assumed control of the club a decade ago. Despite recent improvements this season, progress has been lacking.

The recent win against Athletic Club has boosted morale at Los Che. Reports from Relevo suggest that Miguel Zorio, a prosperous local businessman, has submitted a €250 million offer to oust Lim as the owner.

Zorio has secured funding until 2028, but his offer falls short of Lim’s €400 million valuation for Los Che, hindering the sale approval.

Lim has not formally responded to Miguel Zorio’s offer, providing a glimmer of hope for Valencia and their supporters.

Alex Lundy
Alex Lundy
A lifelong football fan, Alex loves to dabble in its history, especially FIFA World Cup. But his love for sports doesn't end at football since he loves watching NBA and Formula1 too. Reading novels and watching classic films takes the rest of his time.
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